Streetbeat News

Equity Actions

MNK

Bracebridge Capital has reported a 15.3% stake in Mallinckrodt as of August 23. The firm has entered into a bilateral agreement with Mallinckrodt, obligating it to support the company's restructuring efforts.

Portfolio Pulse from Charles Gross

August 25, 2023 | 10:14 am

FXI

SPY

URA

USO

Saudi Arabia is reportedly in talks with China to build a nuclear power plant, according to the Wall Street Journal. This could potentially impact the energy sector and related ETFs.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:08 am

INDA

TSLA

India is considering a proposal to cut import duties for electric vehicle (EV) manufacturers who commit to investing in the country. This move comes after Tesla's push for lower duties. The policy could be implemented as early as 2023.

Portfolio Pulse from Charles Gross

August 25, 2023 | 8:52 am

ARKK

BLK

BTCUSD

Industry leaders including Tom Lee at Fundstrat and Cathie Wood of Ark Invest have made bullish predictions for Bitcoin's future, with potential surges beyond $200,000 and even up to $1 million within the next seven years. Companies like BlackRock Inc and Citadel are showing interest in Bitcoin, indicating growing mainstream adoption. Wood also suggests a pivotal role for Bitcoin ETFs, with potential SEC approval possibly driving demand.

Portfolio Pulse from AJ Fabino

August 25, 2023 | 4:47 am

ACCD

ARKG

CRSP

NTLA

NVDA

RXRX

Ark Invest, led by Cathie Wood, sold $1.86 million worth of NVIDIA Corp shares through ARK Genomic Revolution ETF. This decision follows NVIDIA's recent Q2 earnings report and its performance in the AI sector. Ark Invest also made significant purchases of shares in CRISPR Therapeutics, Intellia Therapeutics, Accolade, and Recursion Pharmaceuticals.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 2:57 am

EYEN

Eyenovia, Inc. (NASDAQ:EYEN) has announced a $12M registered direct offering of over 4 million shares of its common stock and warrants. The proceeds from the offering will be used to fund the commercialization of a post-ophthalmic surgery product and for manufacturing automation activities for the Optejet® device. The offering is expected to close on August 29, 2023.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 10:59 pm

AAPL

SPY

The article discusses the performance of Apple Inc's (NASDAQ:AAPL) stock since Tim Cook took over as CEO 12 years ago. It highlights that a $1,000 investment in Apple at the time of Cook's appointment would be worth $13,234.05 today, a return of 1,223.4%. The article also compares this with the performance of the SPDR S&P 500 ETF Trust (NYSE:SPY), which would have turned a $1,000 investment into $4,705.31 over the same period.

Portfolio Pulse from Chris Katje

August 24, 2023 | 10:08 pm

FTTUSD

Maika Isogawa, founder and CEO of crypto security company Webacy, is recognized as a key figure in the Web3 space. Webacy, which helps users protect their digital assets, particularly with self-custody and cold storage solutions, raised $5 million in funding from investors including gmjp, Gary Vaynerchuk & AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and Quantstamp. Isogawa's work is notable for its focus on bridging the gap between Web3 and mainstream adoption.

Portfolio Pulse from Justin Roberti

August 24, 2023 | 9:56 pm

AAPL

MSFT

Microsoft Corp (NASDAQ:MSFT) was a popular choice for hedge funds in Q2, with 10 out of 20 funds analyzed by Benzinga having MSFT in their top-5 holdings. The company's shares rose by nearly 60%, reaching highs of $366.78, largely due to its investments in AI and a significant stake in OpenAI. The 10 hedge funds that owned the stock over the quarter were collectively paid nearly $22 million in dividends. Institutional investors control 72.46% of Microsoft’s outstanding shares.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 9:11 pm

GE Vernova has announced the appointment of Kenneth Parks as CFO, effective from October 2, 2023. Additionally, Vic Abate will assume the role of CEO of GE Vernova's Wind Segment.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:02 pm