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BRK

COST

DJCO

Charlie Munger, who recently passed away at 99, was a proponent of the 'buy and hold' investment strategy, which he successfully applied at Berkshire Hathaway. Munger's personal portfolio included significant holdings in Berkshire Hathaway (BRK), Costco (COST), and Daily Journal Corporation (DJCO). He believed in value investing, holding a few high-quality stocks for the long term, and seizing exceptional opportunities when they arise. His investment philosophy has been a cornerstone of Berkshire Hathaway's success.

Portfolio Pulse from Neil Dennis

November 29, 2023 | 2:17 pm

BA

CG

HAL

IYK

On CNBC's 'Halftime Report Final Trades,' analysts provided their picks, including The Carlyle Group (CG) with a positive outlook for 2024 under new CEO Harvey Schwartz. Boeing (BA) was upgraded by RBC Capital from Sector Perform to Outperform with a price target increase to $275. iShares US Consumer Staples ETF (IYK) and Halliburton (HAL) were also selected as final trades, with HAL reporting mixed Q3 results and a slight year-to-date decline. Carlyle will replace ICU Medical in the S&P MidCap 400 on Nov. 30.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 2:15 pm

VRT

Vertiv Holdings has increased its annual cash dividend from $0.010 to $0.025, signaling confidence in its financial stability and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:10 pm

LVS

Las Vegas Sands Corp (NYSE:LVS) stock is trading lower after the announcement that majority shareholder Miriam Adelson and The Miriam Adelson Trust are selling $2 billion worth of stock at $44 per share. The offering is set to close on Dec. 1, and the company will not benefit financially from the sale. Adelson plans to use the proceeds to potentially purchase a majority interest in the Dallas Mavericks. Las Vegas Sands will repurchase approximately 5.78 million shares for $250 million in connection with the offering. LVS shares dropped 3.9% to $45.80 following the news.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 2:08 pm

AULT

Ault Alliance, Inc. (NYSE:AULT) announced its intention to initiate an exchange offer to acquire up to 60,000,000 shares of its common stock for up to $15M in Series D Preferred Shares. The exchange ratio is set at one preferred share for every 100 shares of common stock, with an effective price of $0.25 per common share, a 208% increase over the last reported sales price. Shares tendered will be retired, potentially reducing the share count by approximately 81%. The Series D Preferred Stock trades under the symbol 'AULT-PD' and offers a 13.00% annual dividend. The offer is subject to regulatory approval and other conditions, with details to be provided in the Offer to Exchange documents to be filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:07 pm

VRT

Vertiv Holdings' Board of Directors has approved a new share repurchase program, allowing the company to buy back up to $3 billion of its common stock over the next four years.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:04 pm

TGL

Treasure Global Inc (NASDAQ:TGL) has announced the pricing of a $4M underwritten public offering, consisting of 26,014,000 shares of common stock at $0.10 per share and 14,000,000 pre-funded warrants at $0.0999 each. The offering includes an over-allotment option for underwriters to purchase additional shares or warrants. The offering is expected to close on November 30, 2023, and is being managed by EF Hutton, a division of Benchmark Investments, LLC. The securities are offered under a registration statement declared effective by the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:01 pm

GFL

GFL Environmental Inc. (NYSE:GFL) outlined its 2024 capital allocation strategy, focusing on sustainability investments and M&A to densify its footprint. The company plans to invest $250-$300 million in renewable natural gas projects and infrastructure under EPR legislation, and $600-$650 million in M&A within existing geographies. Total growth investments will not exceed $900 million, in addition to normal capital expenditures of $850-$900 million. These investments are expected to generate $80-$100 million of incremental Adjusted EBITDA by 2026. GFL's first RNG facility is operational, with more projects coming online from Q4 2024 to 2026. The company aims to achieve at least $2.2 billion of Adjusted EBITDA in 2024 and reduce leverage to the mid 3's, with growth investments adding 20 basis points to year-end Net Leverage, targeting between 3.65x and 3.85x.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:53 pm

LVS

Las Vegas Sands Corp. (LVS) shares have dropped following the announcement of a common stock offering pricing by its principal stockholder.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:49 pm

EFBI

LCNB

Shareholders of Eagle Financial Bancorp, Inc. (EFBI) will be able to choose between receiving 1.1401 shares of LCNB Corp. (LCNB) stock or $19.10 in cash for each share of EFBI they own as part of a new election opportunity.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:47 pm