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HNHPF

Terry Gou, the billionaire behind Hon Hai Precision Industry (OTC:HNHPF), also known as Foxconn, has announced his candidacy for the Taiwanese presidency. He promises to restore relations with China and boost Taiwan's economy. Gou's entry brings a new dynamic to the campaign, and his candidacy may divide the pan-blue vote, possibly favoring the Democratic Progressive Party. Gou had previously expressed concerns about the potential collapse of U.S. stocks in the event of a Taiwan Strait conflict.

Portfolio Pulse from Navdeep Yadav

August 28, 2023 | 7:35 am

IVP

MSS

SPPL

Three companies, Maison Solutions Inc (MSS), SIMPPLE LTD (SPPL), and Inspire Veterinary Partners, Inc. (IVP), are scheduled to go public this week. MSS will offer 3,750,000 shares at $4.00 each, SPPL will offer 1,625,000 shares at $5.75 each, and IVP will offer 1,600,000 shares at $5.00 each. All three companies have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

August 27, 2023 | 6:03 pm

DOGE-USD

FB

Elon Musk, CEO of Tesla and SpaceX, has once again taken a jab at Mark Zuckerberg, CEO of Meta Platforms Inc., on social media. However, it is uncertain if the post Musk reacted to was actually authored by Zuckerberg. This incident is the latest in the ongoing rivalry between the two tech giants, which has intensified since the launch of Threads, an alternative to Twitter. Musk acquired Twitter for $44 billion in October 2022.

Portfolio Pulse from Ananya Gairola

August 27, 2023 | 12:37 pm

USO

The BRICS nations are set to expand their membership, potentially posing a threat to Western-dominated institutions. The expanded BRICS will account for significant portions of global GDP, population, exports, and oil production. The inclusion of Argentina and Middle Eastern countries will strengthen BRICS' position in lithium and oil production. The United States Oil Fund, LP (NYSE:USO) ended Friday’s session up 1.46% at $72.45.

Portfolio Pulse from Shanthi Rexaline

August 26, 2023 | 9:47 pm

DWAC

Former President Donald Trump has returned to Twitter, now rebranded as X, after Elon Musk lifted the ban on his account. Trump's return could impact the 2024 presidential election as he has more followers than all his GOP opponents combined. Trump Media & Technology Group, which owns Truth Social, a platform Trump had exclusivity with, is attempting to merge with Digital World Acquisition Corporation (NASDAQ:DWAC).

Portfolio Pulse from Chris Katje

August 26, 2023 | 5:42 pm

BTCUSD

DWAC

EWH

NVDA

SHIBUSD

TSLA

Last week, the Dow Jones Industrial Average declined by 0.45%, while the S&P 500 index rose by 0.8% and the Nasdaq Composite surged by 2.3%. Federal Reserve Chairman Jerome Powell's remarks about stronger economic growth and inflation control boosted stocks. Ark Invest Founder Cathie Wood predicted Bitcoin's rise to $1 million within the next five to seven years. Nvidia's Q2 results were highlighted as a significant moment for the tech sector. TikToker Damien Soylash missed out on turning a $2,000 investment in Shiba Inu into $225 million by selling early. The People’s Bank of China's decision to cut its 1-year loan prime rate by 10 basis points led to a drop in the Hong Kong's Hang Seng Index. Concerns were raised about Tesla's potential configurator price cuts, which could lead to a 35% reduction in the company's 2023 earnings. The Trump Media & Technology Group and Digital World Acquisition Corporation merger is at risk of liquidation if a Sept. 5 shareholder vote doesn't approve an extension.

Portfolio Pulse from Michael Cohen

August 26, 2023 | 3:02 pm

DDOG

A significant bullish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 68% bullish and 31% bearish. The price target for Datadog over the last 3 months has been between $40.0 and $115.0. Several financial institutions have maintained or downgraded their ratings on Datadog, with price targets ranging from $110 to $130.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 8:45 pm

DHR

Danaher Corporation (NYSE:DHR) has announced the completion of the previously announced separation of Veralto Corporation on September 30, 2023. The Danaher Board of Directors has declared a pro rata dividend of all of the common stock of Veralto Corporation to Danaher stockholders. The dividend is payable on September 30, 2023, in connection with the previously announced separation of Danaher's existing Environmental and Applied Solutions segment through the planned spin-off of Veralto. Danaher also announced that it expects 'when-issued' trading of Veralto common stock to begin on September 27, 2023, on the New York Stock Exchange (NYSE), under the symbol 'VLTO WI.'

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:32 pm

LVS

Las Vegas Sands Inc. (NYSE:LVS) shares are currently trading at $52.62, after a 1.41% decrease. Despite a decrease of 11.14% over the past month, the stock has increased by 38.88% over the past year. The company's P/E ratio is 762.43, significantly higher than the industry average of 31.42, indicating that investors expect the company to perform better in the future or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 8:30 pm

AMC

AMC Entertainment Holdings has filed a Certificate of Elimination with the SEC to remove the matters related to the conversion of its outstanding AMC Preferred Equity Units into shares of the company's Class A common stock from its Certificate of Incorporation.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:17 pm