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Equity Actions

GVH

LRHC

PMEC

Three companies, La Rosa Holdings Corp (LRHC), Globavend Holdings Limited (GVH), and Primech Holdings Ltd. (PMEC), are scheduled to go public this week. LRHC will offer 1,000,000 shares at $5.00 per share, GVH will offer 1,875,000 shares at $4.50 per share, and PMEC will offer 3,050,000 shares at $4.50 per share. All three companies have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

October 01, 2023 | 7:34 pm

BLK

COIN

FNF

Kevin O'Leary, chairman of O'Shares Investment Advisors, predicts that a new regulatory-compliant crypto exchange, M2, being planned in Abu Dhabi could surpass Binance and FTX. He highlighted the regulatory challenges faced by Coinbase (NASDAQ:COIN), and the hurdles encountered by Fidelity (NYSE:FNF) and BlackRock (NYSE:BLK) in launching their ETFs.

Portfolio Pulse from Bibhu Pattnaik

October 01, 2023 | 4:34 pm

CGC

GDNSF

GTBIF

TLLTF

Green Thumb Industries Inc. has appointed Richard Reisin and Hannah Ross to its board of directors. Canopy Growth Corporation announced the election of seven directors at its recent shareholders meeting. Goodness Growth Holdings, Inc. announced the resignation of its CFO, John Heller, effective September 30. TILT Holdings Inc. has appointed Tim Conder as its permanent CEO and Art Smuck as chair of the board.

Portfolio Pulse from Jelena Martinovic

October 01, 2023 | 2:48 am

DLTR

FSR

META

TSLA

Barron's has highlighted several key stories for investors, including Dollar Tree director Daniel J. Heinrich's purchase of 1,650 shares amid a significant stock price decline. Meta Platform's value fluctuated with the introduction of new AI software initiatives. EV startup Fisker plans to raise $170 million via convertible notes due in 2025. Philip Morris shares rose following the announcement of robust growth targets, particularly in smoke-free products. Tesla's third-quarter delivery estimates vary widely, causing market uncertainty.

Portfolio Pulse from Justin Chan

October 01, 2023 | 1:10 am

DKNG

MGM

PENN

Workers at Detroit's casinos, including MGM Resorts International's MGM Grand Detroit and PENN Entertainment, Inc.'s Hollywood at Greektown, have authorized a potential strike that could disrupt the city's gaming sector. The strike, backed by the United Auto Workers (UAW) and Teamsters, could mobilize over 3,500 workers to halt operations as early as mid-October. This comes amid escalating labor movements nationwide and could impact the operations of casino conglomerates like MGM Resorts and PENN Entertainment.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 8:49 pm

DHR

VLTO

Danaher Corporation has completed the spin-off of its Environmental & Applied Solutions segment, Veralto Corporation. Veralto will begin trading on the NYSE under the symbol 'VLTO' on October 2, 2023. Danaher stockholders received one share of Veralto for every three shares of Danaher held as of September 13, 2023. Approximately 246 million shares of Veralto were distributed.

Portfolio Pulse from Charles Gross

September 30, 2023 | 1:01 pm

GOOG

GOOGL

NFLX

Billionaire investor Bill Ackman has acquired a significant stake in Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), following Warren Buffett's investment strategy. Ackman's fund, Pershing Square Capital Management, initially acquired approximately 8.1 million Class C shares and 2.2 million Class A shares of Alphabet in Q1 2021, amounting to nearly $1.1 billion by the end of March. The fund added 1.3 million Class C shares in Q2, raising the value of the position to $1.4 billion. Alphabet now constitutes about 16% to 17% of the fund's capital.

Portfolio Pulse from Ananya Gairola

September 30, 2023 | 8:26 am

DWAC

FOX

Former President Donald Trump and Chris Christie, a Republican candidate for the 2024 presidential race, have been involved in a heated exchange after Trump skipped the second Republican primary debate. Trump used his Truth Social platform, set to merge with Digital World Acquisition Corporation (NASDAQ:DWAC), to criticize Christie. The debate was aired on Fox Business, a unit of Fox Corporation (NASDAQ:FOX).

Portfolio Pulse from Chris Katje

September 29, 2023 | 9:12 pm

ATVI

The article provides an industry comparison of Activision Blizzard (NASDAQ:ATVI) with its major competitors in the Entertainment industry. The analysis includes financial metrics, market position, and growth prospects. Activision Blizzard's P/E ratio is lower than the industry average, suggesting potential growth. However, its P/B and P/S ratios are higher than the industry average, indicating potential overvaluation. The company's ROE, EBITDA, and gross profit are lower than its peers, suggesting lower profitability and operational efficiency. However, the company's revenue growth is significantly higher than the industry average.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 8:56 pm

WFC

Wells Fargo has sold $2 billion of private equity fund investments in certain Norwest Equity Partners and Norwest Mezzanine Partners funds.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:32 pm