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The investment chief of The Wealth Consulting Group, Jim Worden, has proposed adding Berkshire Hathaway Inc. to the 'Magnificent Seven', a group of seven mega-cap growth stocks. The current group includes Apple Inc., Microsoft Corporation, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Tesla Inc., and Nvidia Corporation. Worden suggests that Berkshire Hathaway's inclusion would significantly diversify the group due to its presence in numerous sectors and larger market capitalization than Tesla or Meta.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 3:16 am

FOXO

FOXO Technologies Inc. (NYSE:FOXO) has announced a 1-for-10 reverse stock split of its Class A common stock, effective at 4:01pm ET on November 6, 2023. The stock will begin trading on a split-adjusted basis on the NYSE American under the same symbol 'FOXO' on November 7, 2023. The reverse stock split was approved by the company's stockholders at the 2023 Annual Meeting. All outstanding stock options, warrants, and equity incentive plans will be proportionately affected.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:32 pm

DHAC

Digital Health Acquisition Corp. (NASDAQ:DHAC) has received approval from Nasdaq to transfer its securities listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer, effective from October 30, 2023, will resolve the company's previously disclosed deficiencies in meeting the Nasdaq Global Market's continued listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:29 pm

CEPU

Central Puerto (NYSE:CEPU), the largest producer of electric energy in Argentina, has acquired its first photovoltaic technology park, 'Guañizuil II A', from Norwegian companies SCATEC and EQUINOR. The solar farm, the third largest in Argentina, will allow Central Puerto to generate 9.6% of the country's total solar energy and reach a capacity of 475 MW of renewable energy. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:28 pm

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Google, a subsidiary of Alphabet Inc, has committed to a significant investment in AI startup Anthropic, intensifying competition in the AI sector. The investment includes an initial $500 million, with plans for an additional $1.5 billion. This follows Amazon's decision to invest $4 billion in Anthropic. Microsoft has also invested $10 billion in OpenAI. Anthropic, established by ex-OpenAI engineers, aims to create AI models that can rival those of OpenAI.

Portfolio Pulse from Michael Cohen

October 27, 2023 | 9:14 pm

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The stock market experienced volatility due to fears of a wider Middle East conflict and a cautious Q4 earnings outlook. The US economy exceeded expectations with a Q3 growth rate of 4.9%, driven by strong consumer spending. Bitcoin rallied as ETF approval nears. Major US companies beat Q3 earnings estimates but warned of a Q4 slowdown. Amazon emerged as the top performer among tech titans, while Alphabet had a tough week due to disappointing cloud business performance. The SPDR S&P 500 ETF Trust, Invesco QQQ Trust, and Dow Jones Industrial Average ETF fell, while the iShares 20+ Year Treasury Bond ETF rose. Chinese-based stocks PDD Holdings and JD.com were the top performers within the Nasdaq 100.

Portfolio Pulse from Piero Cingari

October 27, 2023 | 8:34 pm

EQIX

Equinix Inc has filed for a mixed shelf offering with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:31 pm

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Pfizer Inc has reported a 6.26% stake in Tourmaline Bio as of October 19, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:11 pm

MMC

Marsh & McLennan Companies, Inc. has announced its intention to delist from the London Stock Exchange due to the majority of its trading occurring on the New York Stock Exchange and the costs and administrative burden of maintaining the London listing. The delisting is expected to have limited impact for shareholders who hold their shares on the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 8:02 pm

TRP

TC Energy Corp. is reportedly planning to sell a mix of majority and minority stakes in assets worth $10 billion. The move is aimed at reducing debt and funding new investments. The company is working on the sale of a minority stake in the ANR Pipeline Co., valued at about $3 billion.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:50 pm