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Equity Actions

HAS

Capital Research Global Investors has reported a 10.1% stake in Hasbro as of October 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:39 pm

AAPL

MSFT

NVDA

TSLA

Nvidia Corp. (NVDA) has seen a significant increase in its stock value, climbing over 200% in the past year and 240%+ in 2023, now holding a market cap of $1.194T. Despite its growth, Nvidia has not been included in Jim Cramer's tech stock tags FAANG or MAMAA. Charlie Bilello introduced 'The Enormous Eight', adding Microsoft, Nvidia, and Tesla to the FAANG group. There is speculation whether Cramer will update his acronym to include Nvidia due to its market performance.

Portfolio Pulse from Surbhi Jain

November 13, 2023 | 3:31 pm

GOOG

GOOGL

HOOD

Alphabet Inc, the parent company of Google, has sold all of its remaining shares in Robinhood Markets Inc, the online trading app operator. Alphabet had previously sold 90% of its shares in Robinhood in August and has now divested the remaining stake, which was worth around $5M. Robinhood's shares have fallen 38% since Alphabet's August divestment and were trading 0.8% lower early Monday. Robinhood has experienced a decline in transaction revenue and active monthly users, contributing to a net quarterly loss of $85 million.

Portfolio Pulse from Neil Dennis

November 13, 2023 | 3:19 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Moody's has downgraded the U.S. credit outlook to negative, citing large federal deficits as a key driver. The deficits persist post-pandemic due to spending programs like the Inflation Reduction Act and Infrastructure Act. The downgrade occurred after market close on Friday with minimal immediate market reaction. Prudent investors are advised to diversify investments globally and across asset classes, and consider shorting strategies. Boeing (BA) is boosted by potential Chinese orders and Dubai Air Show prospects. Early trades show positive money flows in TSLA, NVDA, MSFT, and mixed in SPY and QQQ; negative in AAPL, AMZN, GOOG, META. Bitcoin is range-bound with speculation on ETF approval and BlackRock's Ethereum ETF filing. The Arora Report suggests a protection band strategy for investors.

Portfolio Pulse from The Arora Report

November 13, 2023 | 3:06 pm

HOLI

A buyer consortium led by Recco Control Technology and Dazheng Group is urging Hollysys Automation Technologies Ltd. (HOLI) to proceed with a transparent sale process. The consortium, which includes TFI Asset Management and Great Wall Capital, has offered $26.50 per share, valuing Hollysys at approximately $1.64 billion. They request the Special Committee to evaluate this offer and allow due diligence. Shareholders holding over 30% of Hollysys, including Ascendent Capital Partners with 13.7%, demand a special meeting. The consortium is concerned about the board's refusal to convene this meeting and questions the directors' accountability.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:59 pm

NVO

Significant options activity has been detected in Novo Nordisk (NYSE:NVO), with a bullish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 15 unusual options trades, with a split of 73% bullish and 26% bearish. The focus is on a price range between $87.5 and $105.0 for the stock. The largest trades were bullish CALL options with expiration dates in December 2023 and January 2025. Novo Nordisk, a leader in diabetes care products, is currently trading at $99.54 with neutral RSI readings and its earnings release expected in 79 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 2:46 pm

MPU

Mega Matrix Corp. reported financial and operational highlights as of September 30, 2023. The company had cash and cash equivalents of $2M, total liquidity of approximately $7M, and total assets of $9M. Equity attributable to shareholders was $10.3M. The company's treasury holdings of Ethereum increased to 3,113.5 ETH with a market value of about $6.3M. Mega Matrix is actively exploring Ethereum-related business, including solo-staking 1,600 ETH to become 50 validators.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:18 pm

FTHM

Fathom Holdings Inc. has announced the appointment of Marco Fregenal as its new CEO, succeeding Joshua Harley. Additionally, Scott Flanders has been named as the Chair of the Board. These leadership changes could signal a new strategic direction for the company.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:12 pm

IMMR

Immersion Corporation has announced a 50% increase in its quarterly dividend, raising it from $0.03 to $0.045 per share. The dividend is scheduled to be paid on January 25, 2024, to shareholders of record as of January 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:09 pm

NEGG

Newegg Commerce Inc. has received a notification from Nasdaq about non-compliance with the minimum bid price requirement. In response, Newegg announced a $10M share repurchase program to buy back shares of its common stock. The repurchase plan is seen as a move to increase shareholder value and potentially boost the stock price to regain compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:04 pm