Streetbeat News

Equity Actions

ORGS

Orgenesis has agreed to issue and sell 2 million shares at $0.50 per share in a private placement. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:19 pm

STX

Seagate Technology is currently presenting at the Goldman Sachs 2023 Communacopia and Technology Conference. This has led to a decrease in the trading value of its shares.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:17 pm

GS

HYG

LQD

Goldman Sachs' U.S. economist, Jan Hatzius, has reduced the U.S. recession risk to 15%, down 5 percentage points from their previous estimate. The bank's optimism is based on several factors including anticipated resurgence in household real disposable income by 2024, robust job growth, and increasing real wages. Goldman Sachs also expects the Federal Reserve to take a measured approach with a gradual rate cut cycle starting in Q2 2024. The bank's equity and credit strategists suggest that both investment-grade (IG) and high-yield (HY) bonds will offer excess returns in the upcoming period.

Portfolio Pulse from Piero Cingari

September 05, 2023 | 5:06 pm

ENTA

Enanta Pharmaceuticals will be replaced in the S&P SmallCap 600, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:04 pm

TSE

Trinseo, a global materials company, will be replaced in the S&P SmallCap 600, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:01 pm

ANET

CCI

OIH

CNBC's Halftime Report discussed final trades involving Crown Castle (CCI), VanEck Oil Services ETF (OIH), and Arista Networks (ANET).

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:00 pm

AAN

The Aaron's Company (AAN) shares are trading lower after the announcement that the company will be replaced in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:44 pm

LBRT

Liberty Energy's shares are trading higher following the announcement that the company will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:36 pm

BRC

Brady Corp has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 4:31 pm

AYRWF

CRLBF

CURLF

FFNTF

GLASF

GTBIF

MSOS

MSOX

TCNNF

TSNDF

VRNOF

The HHS has recommended rescheduling cannabis, which could lead to a 2-3X turn for U.S cannabis plant-touching securities. This news has already led to a 33.18% increase in AUM for the U.S cannabis ETF MSOS (NYSE:MSOS) and a 132.88% increase for MSOX (NYSE:MSOX). Other potential catalysts include SAFE Banking moving through the Senate and House of Representatives, uplisting to NYSE/NASDAQ, and CPG M&A. Companies like AYR Wellness (AYRWF) and 4Front Ventures (FFNTF) could benefit, as well as Tier1 companies like Verano (OTC: VRNOF), Green Thumb (OTC:GTBIF), Cresco (OTC:CRLBF), Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF).

Portfolio Pulse from Todd Harrison

September 05, 2023 | 4:30 pm