Streetbeat News

Equity Actions

HOTH

Hoth Therapeutics has announced a registered direct offering of 1.1 million shares of its stock, priced at-the-market under Nasdaq rules. The offering is expected to raise $2.89 million.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 5:47 pm

AMC

DIS

GOOGL

META

NFLX

ROKU

TTD

WBD

The article reports on the options activity of 10 communication services stocks in today's session. The stocks include AMC, NFLX, VZ, META, GOOGL, DIS, SE, ROKU, WBD, and TTD. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as whales. The article provides detailed information on the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:35 pm

AAPL

ADBE

AMD

CLSK

CRWD

INTC

MSFT

NVDA

ORCL

PLTR

The article reports on the unusual options activity in the Information Technology sector. The stocks mentioned include NVDA, AAPL, MSFT, ORCL, INTC, ADBE, PLTR, CRWD, AMD, and CLSK. The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 5:35 pm

AMC

AMC Entertainment Holdings Inc's shares are trading higher by 9.2% after recent weakness. The company last week entered into an equity distribution agreement for up to 40 million shares at an at-the-market program. The purpose is to strengthen the company's financial stability, repay debts, and support general corporate operations. AMC Theatres also announced the showcasing of the TAYLOR SWIFT | THE ERAS TOUR concert film starting October 13. Despite these developments, AMC shares are lower by 90% over the trailing year.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 5:06 pm

HAIN

Hain Celestial Group Inc has announced its Hain Reimagined strategy, aiming to accelerate profitable growth. The company expects organic net sales CAGR of 3%+, adjusted EBITDA CAGR of 10%+, and adjusted EBITDA margin of 12%+ by FY27. The strategy includes a restructuring program to expand operating margins and targets $130 million - $150 million of annualized savings and a $165 million conversion of working capital cash by FY27. The company plans to focus on 5 key markets and three key platforms.

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 4:27 pm

NVDA

SPY

Economist Philip Pilkington suggests that the US economic growth data may be artificially inflated due to the Biden administration's Infrastructure Investment and Jobs Act (IRA), which has spurred a construction boom. He argues that the US economy is being propped up by construction spending, supported by IRA subsidies, and questions whether this can continue until the election. Amid this uncertainty, investors are advised to bet on top-performing companies and hedge against potential market downturns. An example of a hedged portfolio is provided, which includes Nvidia, Inc. (NASDAQ:NVDA) and outperformed the SPDR S&P 500 Trust ETF (NYSE:SPY) over a six-month period.

Portfolio Pulse from David Pinsen

September 13, 2023 | 4:15 pm

AMZN

Amazon.com, Inc. is introducing new generative AI capabilities to streamline product listing creation and management for its sellers. The AI will generate high-quality content for product descriptions, titles, and listing details, based on a brief product description provided by the seller. This innovation is expected to expedite the listing of new products and enrich existing ones, enhancing the shopping experience on Amazon. The company announced this technology at Accelerate 2023, Amazon's annual seller conference.

Portfolio Pulse from Anusuya Lahiri

September 13, 2023 | 4:06 pm

CLDI

DZSI

EIGR

HRT

KULR

RCKT

US stocks traded higher with the Dow Jones gaining around 50 points. US crude oil inventories climbed by 3.954 million barrels, against market estimates of a 1.912 million decline. HireRight Holdings Corporation (HRT) plans an additional $25 million share repurchase program. Rocket Pharmaceuticals (RCKT) reached alignment with the FDA on a global Phase 2 pivotal trial. DZS Inc. (DZSI) secured $29.7 million in financing. Eiger BioPharmaceuticals (EIGR) discontinued a Phase 3 study, Calidi Biotherapeutics (CLDI) shares fell following its public debut, and KULR Technology Group (KULR) reported pricing of a public offering of common stock.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 4:01 pm

NFLX

Netflix Inc's CFO has stated that the company is committed to the gaming industry for the long term, having already released 70 titles. However, he expressed concerns about the return on investment in live sports, which requires billions of dollars.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:59 pm

MPC

PSX

SPY

VLO

Valero (NYSE:VLO), a petroleum company, has seen a 20% increase in its stock since the second half of 2023, outperforming the S&P (NYSE:SPY) which only saw a 0.5% increase. Valero's competitors, Phillips 66 (NYSE:PSX) and Marathon Petroleum (NYSE:MPC), have also seen significant increases in their stocks, with 18% and 33% respectively.

Portfolio Pulse from Thrash Capital

September 13, 2023 | 3:54 pm