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SPY

The S&P/CS HPI Composite - 20 n.s.a. year-over-year for September was reported at 3.9%, slightly below the estimated 4% and down from the previous 2.1%.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 2:00 pm

TM

Toyota Motor Corp (NYSE:TM) and its affiliates are planning to sell approximately 10% of their shares in Denso, an automotive components manufacturer, for an estimated $4.7 billion. This move is part of Toyota's strategy to divest stakes in group companies to fund an increase in electric vehicle (EV) production. Toyota will remain the largest shareholder in Denso post-sale, and Denso may buy back some of its shares to mitigate the impact on its stock price.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 1:33 pm

TWKS

Thoughtworks (NASDAQ:TWKS), a global technology consultancy, announced its expansion into Switzerland as part of its strategy to scale up in key European industry verticals. The company, which serves financial and health services clients, aims to grow its market presence in Europe and provide enhanced service to its Swiss clients, including SMG Swiss Marketplace Group and V-Zug.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:18 pm

BKNG

Booking Holdings (NYSE:BKNG) has seen a 19.02% increase in short interest since its last report, with 676 thousand shares sold short, representing 1.94% of its float. It would take about 2.07 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Booking Holdings has less short interest compared to its peer group average of 7.28%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 1:15 pm

PXS

Pyxis Tankers has agreed to purchase an eco-efficient Kamsarmax dry bulk vessel, equipped with a ballast water treatment system and scrubber, for $26.625 million. The acquisition will be financed through bank debt and cash.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 12:49 pm

BX

JPM

Blackstone Inc. (NYSE:BX) is looking to capitalize on real estate opportunities in Europe, focusing on data centers, warehouses, and student housing, as central banks ease up on rate hikes. Blackstone CEO Steve Schwarzman expressed optimism about the deal market and highlighted the U.K. as an attractive investment destination. The company recently participated in a major buyout of Adevinta ASA, valued at around €14 billion. The news comes as Blackstone's shares saw a slight premarket increase.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 12:16 pm

DOGEUSD

Dogecoin (DOGE) has surpassed 5 million holders, with a significant increase in active addresses and confirmed transactions. However, less than 5,000 addresses control over 80% of DOGE's supply. The market capitalization of DOGE has increased by 14% this month, nearing $11 billion. Analyst Tony 'The Bull' suggests a potential rally based on the Parabolic Stop and Reverse (SAR) indicator, which previously preceded a 23,000% rally.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 11:38 am

GS

MS

MSFT

Reddit Inc. is reportedly planning an IPO as early as Q1 2024 with a potential $15B valuation, in discussions with Morgan Stanley and Goldman Sachs. The IPO market has been weak, with 2023 seeing the worst performance in over a decade. Other companies like Rubrik Inc., backed by Microsoft, and Skims are also considering IPOs.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 9:09 am

BTCUSD

ETHUSD

Ethereum (ETH) long positions faced over $12 million in liquidations, more than Bitcoin (BTC), which saw $10 million in longs liquidated. Data from Coinglass indicates a total of $117.28 million in liquidations across the market, with Binance and OKX being the most affected exchanges. A crypto analyst, FieryTrading, predicts that ETH could reach an all-time high of $4,800 if it breaks out from a bullish triangle pattern that has been forming since mid-2022.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 8:34 am

LCAA

Lotus Technology Inc., a luxury electric vehicle maker, has secured around $870 million in PIPE financing and convertible notes in preparation for its planned merger with L Catterton Asia Acquisition Corp (LCAA), a SPAC affiliated with the investment firm L Catterton. This financial move comes ahead of the expected completion of the business combination.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:35 am