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Equity Actions

ARQQ

Arqit Quantum Inc. has announced a registered direct offering of $16.2 million. The company's stock, ARQQ, may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 12:06 pm

DOGEUSD

TSLA

Elon Musk, CEO of Tesla and owner of X, has been revealed to have made discreet financial contributions to the development of Dogecoin (CRYPTO: DOGE), according to a biography by Walter Isaacson. Musk also considered creating a blockchain-based social media platform. For Dogecoin to reach $1, its market cap would need to increase to $140 billion, a 1494.9% increase from its current $8.83 billion.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 11:45 am

BA

EADSY

SPR

Spirit AeroSystems has reportedly asked Boeing and Airbus to share a more significant portion of the financial strain brought about by inflation, deeming their contracts currently 'unsustainable.' In the first half of 2023, Spirit carried about $215 million in charges on the Boeing 787 Dreamliner and Airbus A220 and A350 programs due to wage inflation, parts shortages, and greater regulatory scrutiny. Spirit is finding the current situation financially unsustainable and is in talks with Boeing and Airbus to address these challenges.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 11:30 am

FSLR

Deutsche Bank analyst Corinne Blanchard has upgraded First Solar (NASDAQ:FSLR) from Hold to Buy and raised the price target from $220 to $235.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:25 am

AAPL

DOCU

KR

QQQ

SPY

Stock futures indicate another down session on Friday, with China's domestic growth concerns and potential for a U.S.-China trade war dampening traders’ risk appetite. Despite this, analysts remain optimistic about the long term. Rumors of China expanding its iPhone ban led to a sell-off in Apple and other tech firms. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14% and the Invesco QQQ ETF declined 0.13%. Stocks in focus include DocuSign, which rose over 3% following the release of its quarterly results, and Kroger Co., which is scheduled to release its quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 11:16 am

OHI

Mizuho analyst Haendel St. Juste has upgraded Omega Healthcare Invts (NYSE:OHI) from Neutral to Buy and raised the price target from $31 to $35.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:12 am

ASPS

Altisource Portfolio Solutions (ASPS) has announced the pricing of its $17.5 million public offering of common stock at $3.60 per share.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:03 am

BABA

FXI

Alibaba Group Holding Ltd (BABA) stock traded lower on Friday, in line with the broader iShares China Large-Cap ETF (FXI) index. Alibaba is expanding its presence in the U.S. by introducing new features on its Alibaba.com platform. The company is hosting a 'Co-Create' event in Las Vegas and celebrating 'Super September' on its B2B platform. Despite Alibaba's overseas success, China's foreign trade faces challenges with declining exports. Meanwhile, Alibaba's fintech affiliate Ant Group Co launched an AI tool for wealth management and insurance services.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 11:02 am

BURL

Burlington Stores has announced its intention to repurchase an aggregate of 165,975 shares of its common stock at $155.42 per share.

Portfolio Pulse from Charles Gross

September 08, 2023 | 10:53 am

BROS

Dutch Bros Inc (NYSE:BROS) has priced its underwritten offering of 11.5 million shares at $26.00 per share, a 7% discount to the company’s closing price on Sept. 6, 2023. The gross proceeds from this offering are expected to be approximately $300 million. The offering is expected to close on Sept. 12, 2023. BofA Securities, J.P. Morgan and Jefferies are acting as lead book-running managers for this offering.

Portfolio Pulse from Shivani Kumaresan

September 08, 2023 | 10:23 am