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Equity Actions

NEE

NextEra Energy Inc. (NYSE:NEE) saw a slight increase in its stock price by 0.24% to $58.30 in the current market session. Despite this, the stock has experienced a decrease of 0.15% over the past month and a significant drop of 31.23% over the past year. The P/E ratio of NextEra Energy is 15.35, which is lower than the Electric Utilities industry average of 22.25. This could indicate that the stock is undervalued or that shareholders expect lower future performance.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 7:45 pm

DIS

Disney CEO Bob Iger announced at the Dealbook Conference that he will 'definitely' step down at the end of 2026. This statement provides a clear timeline for his departure and may influence the company's strategic planning and succession process.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 7:44 pm

TGL

Treasure Global Inc (NASDAQ:TGL) stock plummeted by 50% to $0.10 after announcing a public offering of approximately 26 million shares at $0.10 each, and 14 million pre-funded warrants at $0.0999 each. The offering aims to raise about $4.0 million before expenses, with an additional option for underwriters to purchase up to 6 million shares or warrants. EF Hutton, part of Benchmark Investments, LLC, is managing the offering, which is expected to close on November 30, subject to standard conditions. TGL's 52-week trading range is between $0.10 and $3.18.

Portfolio Pulse from Henry Khederian

November 29, 2023 | 7:41 pm

AMC

There was a notable options market activity for AMC Entertainment Holdings, where a sweep of 513 call options with a strike price of $9 and an expiration date of January 19 was executed near the asking price at $0.54 each. This is compared to an open interest of 5458 for the same option. The underlying stock reference price at the time was $7.195.

Portfolio Pulse from Charles Gross

November 29, 2023 | 7:07 pm

CRWD

DIA

GME

IWM

NTAP

QQQ

SPY

WDAY

Stocks are on the rise with the S&P 500 and Nasdaq 100 nearing highs, driven by stronger-than-expected U.S. GDP growth data for Q3. Despite hawkish comments from Richmond Fed President Thomas Barkin, the market is optimistic about future rate cuts. OPEC+ is considering oil production cuts, which has led to a rebound in oil prices. U.S. stock indices and sector ETFs saw gains, with notable performances from GM, WDAY, CRWD, GME, and NTAP after positive news. Other stocks and ETFs are also mentioned in relation to earnings reports and market performance.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 6:59 pm

AAPL

FNDA

GOOGL

MSFT

NVDA

SPY

Analysts predict an 11% return for the S&P 500 index in 2024, buoyed by lower interest rates and a soft landing for the economy. The SPDR S&P 500 ETF Trust (SPY) has mirrored the index's performance, with an 18-19% increase in 2023. DataTrek suggests the Russell 3,000 index for those seeking more exposure to lower rates, highlighting the Schwab Fundamental U.S. Small Company Index ETF (FNDA) as an option. Despite large moves in big tech stocks, DataTrek sees potential for further gains in 2024, especially for Nvidia (NVDA), Alphabet (GOOGL), Apple (AAPL), and Microsoft (MSFT), which could significantly contribute to the S&P 500's performance due to their substantial market cap weight.

Portfolio Pulse from Neil Dennis

November 29, 2023 | 6:19 pm

BRK.A

BRK.B

Berkshire Hathaway Inc. has accused Jimmy Haslam, the former owner of Pilot Travel Centers, of promising illicit payments to executives to inflate the company's earnings. In a court filing, Berkshire alleges Haslam engaged in a scheme to boost short-term profit, thereby increasing the value of his 20% stake in Pilot. The case was filed in Delaware Chancery Court, claiming Haslam offered 'side' bonuses to 15 senior executives and managers.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:11 pm

AULT

Ault Alliance's stock is trading higher following the company's announcement of its plans to initiate an exchange offer. The offer aims to acquire shares of its common stock in exchange for up to $15 million in Series D preferred shares.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 6:05 pm

CENN

Cenntro Electric Group's stock price is trading lower following the announcement of a 1-for-10 reverse stock split. This corporate action often indicates an attempt to boost the share price to meet exchange listing requirements or to attract new investors by reducing the number of shares outstanding, which can sometimes be perceived negatively by the market.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 5:47 pm

EPD

Enterprise Prods Partners (NYSE:EPD) has seen a 4.03% increase in short interest since its last report, with 18.78 million shares sold short, representing 1.29% of available shares. It would take about 3.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. EPD's short interest is below its peer group average of 3.65%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 5:45 pm