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ATVI

BRK.A

Berkshire Hathaway Inc has reported a 1.9% passive stake in Activision Blizzard Inc as of June 30, 2023, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:15 pm

DLR

Digital Realty (DLR) has announced a joint venture with GI Partners, selling a 65% interest in two hyperscale data center buildings in Chicago. DLR will receive approximately $743 million from the deal and will maintain a 35% interest in the joint venture while managing operations. The company also granted GI Partners an option to purchase an interest in a third facility. The proceeds will be used to pay down debt and for general corporate purposes.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:09 pm

HAS

LGF.A

Lionsgate is reportedly in the lead to acquire Entertainment One, a Hasbro-owned company. Hasbro has been looking to shed all but its core business, and Lionsgate, along with Legendary and GoDigital Media Group, have been bidding for eOne's film and TV assets. Hasbro's plan, announced in January, involves cutting 15% of the company's global workforce this year, or about 1,000 positions. The eOne assets up for sale include all scripted and unscripted TV production, all film production and related global distribution, a 6,500-plus title content library, and Hasbro's interest in eOne's Canadian film and TV business.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:02 pm

TROW

T. Rowe Price Gr (NASDAQ:TROW) has outperformed the market over the past 20 years, producing an average annual return of 9.36%. If an investor had bought $1000 of TROW stock 20 years ago, it would be worth $5,995.94 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:01 pm

PBR

Petrobras CEO has announced that the company's natural expansion plans would involve exploring the Equatorial Margin in neighboring countries and parts of the African coastline.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 7:45 pm

PBR

Petrobras CEO, Jean Paul Prates, announced that the company's total investments for the 2024-2028 business plan will be similar to the latest 5-year plan. The new plan will focus more on renewable energy, but the development of offshore pre-salt oil fields will still be important.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 7:43 pm

XYL

Over the past 10 years, Xylem (NYSE:XYL) has outperformed the market by 4.14% on an annualized basis, producing an average annual return of 14.45%. If an investor had bought $100 of XYL stock 10 years ago, it would be worth $383.48 today. Xylem currently has a market capitalization of $26.51 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

MCHP

Microchip Technology's (NYSE:MCHP) short percent of float has risen 5.24% since its last report, with 19.70 million shares sold short, which is 4.22% of all regular shares available for trading. It would take traders 4.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.67%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

DAL

A large investor has taken a bullish stance on Delta Air Lines (NYSE:DAL), with 19 uncommon options trades spotted. The sentiment of these trades is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $32.0 to $52.5 for Delta Air Lines over the last 3 months. Several financial institutions have maintained their positive ratings on Delta Air Lines, with price targets ranging from $48 to $77.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:17 pm

LMT

Lockheed Martin Corp. (LMT) is at risk of a $400 million payment delay due to issues with the F-35 fighter jet's software. The delay is due to the Pentagon's decision to withhold the payment until the software issues are resolved.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 7:15 pm