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Assets

PLL

Piedmont Lithium Inc (NASDAQ:PLL) plans to increase its stake in Atlantic Lithium Limited's Ewoyaa Lithium Project to 50% through a staged investment agreement. Piedmont will provide an additional $70 million toward Ewoyaa development capital to acquire an additional 27.5% interest. The company will share the remaining project capital costs equally with Atlantic Lithium, committing about $128 million toward the total estimated $185 million project capital costs. Piedmont is entitled to purchase 50% of lithium concentrate production at Ewoyaa for the life of the mine.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 2:10 pm

EMR

Emerson Electric Co (NYSE:EMR) has agreed to acquire Afag Holding AG, a company specializing in electric linear motion, feeding, and handling automation solutions. The acquisition will enhance Emerson's factory automation capabilities and expand its market by over $9 billion. The deal is expected to close by the end of Emerson's fiscal 2023.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 2:06 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 15 years by 1.07% on an annualized basis, producing an average annual return of 9.56%. If an investor had bought $100 of TEL stock 15 years ago, it would be worth $390.00 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 2:00 pm

LEN

Over the past 15 years, Lennar (NYSE:LEN) has outperformed the market by 8.61% on an annualized basis, producing an average annual return of 17.1%. If an investor had bought $1000 of LEN stock 15 years ago, it would be worth $11,012.80 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 2:00 pm

SPY

The USA Leading Index for July has been reported at -0.4%, matching the estimated figure but showing an improvement from the -0.7% reported in the prior month.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 2:00 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has agreed to sell its Hershey Drive facility in Smiths Falls, Ontario to Hershey Canada, Inc. for CA$53 million. This is part of Canopy's strategy to transition to an asset-light operating model. The company's Q2 earnings report showed sales of CA$109 million, beating the analyst consensus estimate of CA$67.98 million. Canopy has also reduced its debt by over $1 billion. The company's shares were trading 0.313% higher at $0.3851 per share.

Portfolio Pulse from Nina Zdinjak

August 17, 2023 | 1:54 pm

CANO

DDOG

DSGN

FTNT

GNRC

IWM

ORGN

PYPL

QQQ

SEDG

SPY

The S&P 500, Nasdaq 100, and Russell 2000 indices have all breached a crucial technical support level, indicating a potential shift in market trends. The indices had experienced significant growth from the beginning of the year to the end of July, but have seen a pullback in August. The iShares Russell 2000 ETF (IWM), Invesco QQQ Trust (QQQ), and SPDR S&P 500 ETF Trust (SPY) have seen declines of 6%, 5%, and 3% respectively. The worst performers for the month include SolarEdge Technologies (SEDG), Generac Holdings (GNRC), Etsy (PYPL), Fortinet (FTNT), Datadog (DDOG), PayPal (PYPL), Design Therapeutics (DSGN), Origin Materials (ORGN), and Cano Health (CANO).

Portfolio Pulse from Piero Cingari

August 17, 2023 | 1:49 pm

BCHUSD

BTCUSD

COMPUSD

ETHUSD

Cryptocurrency prices fell on Thursday, with Bitcoin trading below $28,500 and Ethereum below $1,800. This follows the release of U.S. jobless claims data, which showed a decline of 11,000 to 239,000. The global crypto market cap also fell by 1.7% to $1.13 trillion. Rocket Pool was the top gainer over the past 24 hours, while Sei was the biggest loser.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:42 pm

DJIA

Michael Burry has placed a $1.6 billion bet on a potential stock market crash, which makes up 90% of his firm's portfolio. This follows a recent 500-point drop in the Dow Jones Industrial Average (DJIA). However, despite the recent decline, the overall trend for DJIA is positive, with the index up over 1,500 points for 2023. A significant level of support lies just below its current price, suggesting potential for upward momentum.

Portfolio Pulse from Zaheer Anwari

August 17, 2023 | 1:38 pm

AMZN

BALL

BILI

CVS

GOOG

LNVGY

MSFT

NVO

TPR

TSLA

TSN

WMT

WOOF

Blue Shield of California ends its partnership with CVS Health's Caremark and partners with Amazon for at-home drug deliveries. Alphabet's Verily Life Sciences intensifies cost-cutting measures. Microsoft-backed OpenAI acquires Global Illumination. Petco expands partnership with DoorDash. Ball Corp plans to sell its aerospace business. Tesla's autopilot system is under scrutiny again. Novo Nordisk's Wegovy could potentially prevent 1.5 million heart attacks and strokes over ten years. Tyson Foods plans to divest its China poultry business. Walmart and Bilibili report strong Q2 earnings while Tapestry and Lenovo miss estimates.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 1:38 pm