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Equity Actions

BX

Blackstone Group Inc. is selling a 22% stake in Bellagio Las Vegas, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

August 25, 2023 | 11:32 am

MSFT

The article discusses the hypothetical returns of an investment in Microsoft Corp. (NASDAQ:MSFT) made 28 years ago when Windows 95 was launched. The investment of $1,000 would now be worth $53,596, a 5,224% return. During the same period, the Nasdaq Composite index has delivered a return of 1,714%.

Portfolio Pulse from Rounak Jain

August 25, 2023 | 11:08 am

MYO

Myomo has priced its public offering of 7.3 million shares at $0.60 per share, expecting to raise gross proceeds of approximately $4.4 million.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:01 am

HUT

Hut 8 Mining Corp. (NASDAQ:HUT) is progressing towards a proposed all-stock merger with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). The combined company will be named 'Hut 8 Corp.' and is expected to become a large scale, publicly traded Bitcoin miner with diversified revenue streams and industry leading ESG practices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:37 am

EEMA

EWU

EZU

FLAX

SPY

On August 24, US markets closed in red ahead of Federal Reserve Chair Jerome Powell's speech. The Dow Jones, S&P 500, and Nasdaq Composite all closed lower. Asian markets also faced significant declines, particularly in the technology sector. European stocks started with a decline but later recovered, boosted by the rise in mining and energy stocks due to robust commodity prices. Crude Oil WTI and Brent were trading higher, while Gold was trading lower. US futures were up.

Portfolio Pulse from Akanksha Bakshi

August 25, 2023 | 10:22 am

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