Streetbeat News

Equity Actions

WDC

Western Digital Corp. has announced plans to separate its HDD and Flash businesses, forming two independent public companies focused on data storage growth in HDD and Flash markets.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:01 pm

EIS

SPY

USO

VGK

A Russian airport has been reopened after an anti-Israel riot. The incident may have implications for ETFs such as EIS, SPY, USO, and VGK.

Portfolio Pulse from Charles Gross

October 30, 2023 | 11:49 am

MGTX

SNY

MeiraGTx has announced a $30M strategic investment from Sanofi, which will be purchasing 4M shares at $7.50 per share.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:37 am

CTNT

DBGI

MGOL

SPGC

The article lists four consumer stocks that are currently oversold and could potentially rise this quarter. These include Sacks Parente Golf, Inc. (SPGC), Cheetah Net Supply Chain Service Inc. (CTNT), MGO Global, Inc. (MGOL), and Digital Brands Group, Inc. (DBGI). All four companies have a Relative Strength Index (RSI) below 30, indicating they are oversold. The companies have recently reported various business developments, including narrower losses, sales declines, new team members, and private placements.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 11:29 am

BX

TPG

Blackstone Inc (BX) is reportedly buying a majority stake in Care Hospitals from TPG Inc's (TPG) fund, marking its entry into the Indian healthcare sector. The investment in the hospital chain is expected to be around $1 billion, giving Blackstone over 75% ownership. Care Hospitals also plans to acquire a majority stake in KIMSHEALTH. The total value of both deals is estimated between $1.3 billion and $1.5 billion. Recently, Blackstone reported lower than expected revenues and earnings per share.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 11:17 am

GRMN

Garmin Ltd. (GRMN) has chosen AMIT International as its exclusive distributor for India. This move is expected to expand Garmin's reach in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:13 am

VYNE

VYNE Therapeutics is raising $88M through a private placement, selling 10,652,543 shares of its common stock at $2.245 per share and pre-funded warrants to purchase up to 28,614,437 shares at $2.2449 per warrant.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:08 am

MCD

McDonald's has projected its operating margin percent to be around 46% in 2023. The company also expects to spend between $2.2B and $2.4B in capital expenditures and plans to open approximately 1,900 restaurants globally in the same year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:06 am

SOFI

SoFi Technologies has raised its FY23 adjusted net revenue guidance to $2.045-$2.065 billion, up from the previous $1.974-$2.034 billion. The company also expects full-year adjusted EBITDA of $386-$396 million, a significant increase from the prior guidance of $333-$343 million. This represents a 48% incremental adjusted EBITDA margin and a range of 18.9% to 19.2% adjusted EBITDA margin. The company anticipates an increase in depreciation, amortization, and share-based compensation expenses in Q4 as it moves towards GAAP net income profitability.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:05 am

AAPL

AMZN

META

On October 27th, U.S. stock markets closed mixed with Nasdaq moving higher due to the strength of tech stocks like Amazon, Apple, and Meta Platforms. The energy sector saw the most significant drop among the S&P 500 sectors. Asian markets were mixed with Japan's Nikkei 225 and Australia's S&P/ASX 200 down, while China's Shanghai Composite and Hong Kong's Hang Seng Index were up. European markets were up, and commodities saw crude oil trading lower and gold trading higher.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 10:58 am