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Republican Presidential candidate Vivek Ramaswamy has expressed his support for Bitcoin following Grayscale's court victory over the SEC. The court ruled the SEC's denial of Grayscale's ETF as 'arbitrary and capricious'. Ramaswamy has been actively praising Bitcoin during his campaign and accepts donations in Bitcoin, Dogecoin, Shiba Inu and other altcoins.

Portfolio Pulse from Mehab Qureshi

August 31, 2023 | 3:48 am

BLK

BTCUSD

GBTC

Grayscale Bitcoin Trust (OTC:GBTC) has won a legal victory against the SEC, with a U.S. federal court directing the SEC to reconsider its decision to reject Grayscale's proposal to transform the Grayscale Bitcoin Trust into an ETF. This has sparked optimism about the future of spot Bitcoin (CRYPTO: BTC) ETFs. However, challenges such as regulatory scrutiny and market dynamics remain. Major institutions such as BlackRock Inc (NYSE:BLK) have shown interest in spot Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

August 30, 2023 | 9:58 pm

UGI

UGI Corporation is planning to review strategic alternatives with the aim of reducing its earnings volatility and strengthening its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 9:02 pm

REGN

A significant bearish stance has been taken on Regeneron Pharmaceuticals (NASDAQ:REGN) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. Whales have been targeting a price range from $750.0 to $950.0 for Regeneron Pharmaceuticals over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on the company, with price targets ranging from $820 to $1050.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 8:45 pm

EVA

Enviva has appointed Glenn Nunziata as its new CFO, effective immediately. Nunziata succeeds Shai Even, who held the role since 2018.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:35 pm

H

Hyatt Hotels Corp has filed for a mixed shelf offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 8:33 pm

COO

The Cooper Companies has updated its fiscal year 2023 financial guidance. The company expects total revenue of $3.578-$3.595 billion, with organic growth of 9% to 10%. The non-GAAP diluted earnings per share are expected to be $12.72-$12.90. The revenue and EPS estimates are higher than the previous estimates of $3.55 billion and $12.82 respectively.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:25 pm

TITN

Titan Machinery has updated its FY24 outlook modeling assumptions for the O'Connors transaction. The company has increased its EPS outlook from $4.50-$5.10 to $4.60-$5.25, with an estimate of $4.90.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:22 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) has announced a 1-for-8 reverse stock split of its Class A and Class B common stock, effective on August 31, 2023. The reverse stock split will reduce the number of outstanding shares and is intended to increase the per share closing price to meet the minimum average closing price requirement for listing on the New York Stock Exchange.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:12 pm

CRWD

CrowdStrike Holdings has increased its guidance for FY24, expecting EPS of $2.80-$2.84, up from the estimated $2.39, and revenue of $3.03B-$3.04B, slightly above the estimated $3.02B. The company's Q3 FY24 guidance includes total revenue of $775.4M-$778.0M and non-GAAP net income of $179.8M-$181.8M.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:08 pm