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Equity Actions

BABA

JD.Com Inc (NASDAQ:JD) shares dropped 5.3% to $27.07, influenced by Alibaba Group Holding Ltd - ADR (NYSE:BABA) after it reported Q2 financial results. Despite Alibaba's revenue and earnings surpassing estimates, news of Jack Ma's family trust planning to sell 10 million Alibaba shares may signal concerns about the e-commerce sector's health, impacting JD.Com's stock.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 3:35 pm

CEIX

DHT

GLD

GPK

GRBK

SDRL

SWN

TECK

WFRD

David Einhorn's Greenlight Capital is positioned for higher oil prices, which he believes could lead to a recession. The portfolio has increased stakes in the material and energy sectors, with a significant move towards gold as a safe haven. Materials make up 39.31% of the portfolio, with Green Brick Partners Inc (GRBK) being the top holding. The energy sector allocation has grown to 23.84%, with CONSOL Energy Inc (CEIX) as the second-largest holding. The fund has also taken positions in oil futures and options, expecting higher crude oil prices throughout 2024.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 3:18 pm

NICE

NICE Ltd. shares are up following the release of their Q3 financial results, which exceeded expectations. Additionally, the company has provided FY23 adjusted EPS guidance that surpasses analyst estimates. To further boost shareholder value, NICE has announced a $300 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 3:17 pm

EPD

Enterprise Prods Partners Inc. (NYSE:EPD) shares dropped slightly by 0.04% and have decreased by 4.82% over the past month, despite a 5.04% increase over the past year. Investors are encouraged to consider the company's lower P/E ratio in comparison to the industry average, which may suggest undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 3:15 pm

Morgan Stanley has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:58 pm

AMT

EPD

EXPE

NXPI

On CNBC's 'Halftime Report Final Trades,' analysts recommended NXP Semiconductors (NXPI), Enterprise Products Partners (EPD), American Tower (AMT), and Expedia Group (EXPE). NXPI reported better-than-expected Q3 results and guidance, EPD had weaker Q3 earnings, AMT showed a 5.5% revenue growth YOY, and EXPE reported strong Q3 results with a new $5 billion share repurchase plan. All stocks saw positive price action, with NXPI up 3%, EPD up 0.1%, AMT up 0.9%, and EXPE up 6.3%.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 2:38 pm

ABVC

ABVC BioPharma Inc and its unit Biolite have each entered into a multi-year, global licensing agreement with AiBtl BioPharma Inc. According to the agreements, ABVC and Biolite will each receive 23 million shares of AiBtl stock, as disclosed in an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:33 pm

MOXC

Moxian (BVI) Inc, a US-based bitcoin mining company, has announced a corporate name change to Abits Group Inc. The ticker symbol on the Nasdaq Capital Market will also change from 'MOXC' to 'ABTS' effective November 17, 2023. This change reflects the company's transformation and the launch of a new mining center in Tennessee. The change does not affect shareholder rights or the number of outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:28 pm

JJSF

Gerald B. Shreiber transitions to Chairman Emeritus at J & J Snack Foods Corp. (NASDAQ:JJSF), with Dan Fachner elected as the new Chairman of the Board. Fachner has been the President and CEO since 2021 and a Board member since 2022. Shreiber, the company's founder, has been a pivotal figure in the company's success over the past 50 years.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:26 pm

VLCN

Volcon, Inc. (NASDAQ:VLCN) has announced the pricing of an $18 million underwritten public offering. The offering includes 42,857,142 Common Units or Pre-funded Units, each comprising a share of common stock or a pre-funded warrant, and associated warrants. The Common Units are priced at $0.42, and the Pre-Funded Units at $0.41999. The proceeds are intended for general corporate purposes. The offering is subject to closing conditions, and Aegis Capital Corp. has a 45-day option to purchase additional securities to cover over-allotments.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 2:20 pm