Streetbeat News

Equity Actions

RTX

Jim Lebenthal announced on CNBC that he has sold his shares in Raytheon Technologies Corporation (RTX).

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:29 pm

ARM

NVDA

SFTBY

ARM Holdings PLC has launched its IPO with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank, which acquired ARM in 2016, is retaining 90% ownership and offering 10% of the company on the open market. SoftBank recently consolidated its ownership from 75% to 100% before the IPO. ARM's CPUs are a vital component for Nvidia Corp’s GPUs to operate AI functions.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 4:29 pm

ARM

Arm Holdings has started trading on the stock market with its initial public offering (IPO) opening at $56.10. This has led to a surge in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:20 pm

BIOL

CMND

FWBI

IBEX

MYTE

PFSW

U.S. stocks traded higher with the Nasdaq Composite gaining around 100 points. Energy shares jumped by 1.2%. First Wave BioPharma, PFSweb, and MYT Netherlands Parent shares rose significantly after positive news. However, IBEX Limited, Clearmind Medicine, and BIOLASE shares dropped due to negative financial results and public offerings. Oil traded up 1.7% to $90.04.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 4:19 pm

Visa has announced that it is exploring a potential exchange offer for its Class B common stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:01 pm

ARM

NVDA

SFTBY

Arm Holdings PLC has issued its initial public offering (IPO) valued at $54.5 billion, making it the largest IPO of 2023. The company, crucial for Nvidia Corp’s GPUs to facilitate AI operations, was acquired by SoftBank Group Corp in 2016. SoftBank chose to retain 90% of the company, releasing 10% of its shares to public investors. Arm's growth in China primarily revolves around data centers and the automotive sector, with 25% of its revenues coming from the country. SoftBank has decreased its exposure to China.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 3:39 pm

AAPL

ADBE

AMZN

ARM

GOOG

META

MSFT

NVDA

TSLA

The article discusses the IPO of Arm Holdings (ARM), which designs chips used by many semiconductor manufacturers. The IPO was 10 times oversubscribed, indicating a potential rise in stock price. The article also mentions the use of generative AI by Amazon (AMZN) and Adobe (ADBE), and the ECB's interest rate hike. Economic data shows a hotter economy than consensus, with inflation at the producer level and retail sales exceeding expectations. Positive money flows are observed in Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA).

Portfolio Pulse from The Arora Report

September 14, 2023 | 3:22 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has announced it will no longer fund BioSteel Sports Nutrition Inc., a business unit that represented about 60% of the company's Q1 FY2024 adjusted EBITDA loss. The company is exploring strategic alternatives for BioSteel, including a potential sale. This move is part of Canopy's strategy to streamline operations and cut costs.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 3:05 pm

A 'whale' investor has taken a bullish stance on Home Depot (NYSE:HD), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $195.0 to $400.0 for Home Depot over the last 3 months. Several financial institutions have maintained their positive ratings on Home Depot, with price targets ranging from $335 to $384.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 3:03 pm

CMND

Clearmind Medicine Inc (NASDAQ:CMND) announced the pricing of a $2.25 million public offering, causing its shares to drop by 53% to $0.18. The offering is expected to close on September 18. The company plans to use the proceeds for general corporate purposes, including R&D, working capital, future acquisitions, and capital expenditures.

Portfolio Pulse from Henry Khederian

September 14, 2023 | 3:03 pm