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CMCSA

DIS

JPM

Comcast Corporation (NASDAQ:CMCSA) and The Walt Disney Company (NYSE:DIS) have engaged Morgan Stanley and JPMorgan Chase & Co. respectively to evaluate the value of streaming platform Hulu. The valuation is part of a 2019 agreement between Disney and Comcast, and will determine the worth of Hulu for a potential sale. The valuation process is complex due to Hulu's size and its 48.3 million subscribers.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 5:10 am

BTCUSD

The article discusses three cryptocurrencies with Halloween-themed branding: Pirate Chain (ARRR), Zombie Inu (ZINU), and SpookySwap (BOO). Pirate Chain focuses on privacy and untraceability, Zombie Inu aims to provide an immersive experience and has potential for commercialization, and SpookySwap is a decentralized exchange built on the Fantom Opera network. The article also mentions that Bitcoin (BTC) was trading at $26,787, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 4:01 am

BITQ

BTCUSD

Despite a challenging crypto market, Bitcoin's steady position above $25,000 is a positive sign, according to Wolfe Research. The crypto market continues to face issues with low volume and liquidity. However, Bitcoin has remained resilient, trading between $25,000 and $30,000. Wolfe Research also highlighted the Bitwise Crypto Industry Innovators ETF, which is back to its February highs and up about 90% this year.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 3:34 am

ALEAF

RWBYF

Aleafia Health Inc. (ALEAF) has selected Red White & Bloom Brands Inc. (RWBYF) as the successful bidder in its court-approved sale and investment solicitation process. The Ontario Superior Court approved the terms of a Stalking Horse Asset Purchase and Share Subscription Agreement, which allows RWBYF to acquire certain assets from Aleafia and subscribe for shares of certain Aleafia subsidiaries. Aleafia also agreed to sell its Grimsby facility to a third-party purchaser. The transactions are expected to close by November 22, 2023.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 3:33 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase, surpassing economist estimates of 0.3%. This reflects inflationary pressure on the economy. Stocks experienced a decline due to concerns over rising Treasury yields and ongoing U.S. inflation. The S&P 500 and Nasdaq Composite both dropped, marking the end of a four-day winning streak for the major indexes. Crypto analysts predict a 'bizarre' market with Bitcoin lacking strength and altcoins not budging despite Bitcoin's downward move.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 2:57 am

FCPT

Four Corners Property Trust (FCPT) has announced the acquisition of an Oak Street Health property for $2.4 million. The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a long-term, net lease.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:58 pm

AAPL

AMZN

CVX

META

SHEL

XOM

The Israel-Hamas conflict could impact global oil prices, depending on Iran's involvement. Iran, a backer of Hamas, controls the Strait of Hormuz, through which 20-30% of global oil inventory passes. Increased sanctions on Iran could raise oil prices, affecting US inflation. Rising oil prices could benefit US-based oil extraction companies like Exxon Mobil, Chevron, and Shell, and ETFs like the United States Oil Fund LP, the iShares U.S. Oil & Gas Exploration & Production ETF, and the ProShares Ultra Bloomberg Crude Oil. However, a spike in inflation could negatively impact tech companies like Apple, Amazon, and Meta, and consumer discretionary companies like Tesla, General Motors, Ford, and Volkswagen.

Portfolio Pulse from Natan Ponieman

October 12, 2023 | 9:46 pm

ARE

BXP

CBRE

DEI

HPP

PGRE

PLD

VNO

XLRE

Real estate stocks, tracked by the Real Estate Select Sector SPDR Fund (NYSE:XLRE), fell by over 1% on Thursday, ending a six-day winning streak. This was due to higher inflation rates and a surge in mortgage rates to 23-year highs. Office REITs were the hardest hit, with Hudson Pacific Properties Inc. (NYSE:HPP), Paramount Group Inc. (NYSE:PGRE), Douglas Emmett, Inc. (NYSE:DEI), and Vornado Realty Trust (NYSE:VNO) experiencing significant declines. Other real estate companies such as Alexandria Real Estate Equities, Inc. (NYSE:ARE), Prologis Inc. (NYSE:PLD), CBRE Group Inc. (NYSE:CBRE), and Boston Properties, Inc. (NYSE:BXP) also saw declines.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 9:13 pm

JNK

SJNK

SUSA

XLB

Medium-cap ETFs have seen significant changes in net assets. iShares MSCI USA ESG Select ETF (SUSA) and Materials Select Sector SPDR Fund (XLB) have seen increases in net assets, while SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) have seen decreases. SUSA and XLB offer exposure to companies with high ESG ratings and the US materials sector respectively, while JNK and SJNK offer exposure to corporate junk bonds.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:57 pm

OPAL

OPAL Fuels Inc. (NASDAQ:OPAL) announced that its CFO, Ann Anthony, intends to resign to pursue another opportunity. Scott Contino, CFO of the company's sponsor, Fortistar, has been appointed as interim CFO. The company has begun searching for a permanent CFO. Contino has been involved with OPAL Fuels since its inception and previously served as the CFO of its predecessor parent company.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:57 pm