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DNA

Ginkgo Bioworks Holdings has filed for the resale of up to 5.3 million shares of Class A common stock by a selling security holder.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:36 pm

ARGT

EEM

EGPT

EIDO

KSA

Several countries including Argentina, Egypt, Indonesia, Saudi Arabia, and Iran are considering joining the BRICS alliance, which currently represents 40% of the global population and over a quarter of the world's GDP. This potential expansion has led to increased interest in ETFs related to these countries, including iShares MSCI Saudi Arabia ETF (KSA), Global X MSCI Argentina ETF (ARGT), VanEck Vectors Egypt Index ETF (EGPT), iShares MSCI Indonesia ETF (EIDO), and iShares MSCI Emerging Markets ETF (EEM).

Portfolio Pulse from Piero Cingari

August 23, 2023 | 8:33 pm

NVEI

Actor Ryan Reynolds has made over $450 million from his investments in Aviation Gin and Mint Mobile. Despite admitting he's 'no wizard' at investing, Reynolds has seen significant returns from his stake in Mint Mobile, which sold to T-Mobile for $1.35 billion, and Aviation American Gin, which sold for $610 million. Reynolds is now investing in Nuvei Corp. (NASDAQ:NVEI), which has seen a 60% drop in stock price since his investment announcement in April. He also has investments in 1Password, Wealthsimple Inc., Wrexham Association Football Club, and Alpine F1 Team.

Portfolio Pulse from Caleb Naysmith

August 23, 2023 | 8:28 pm

WAVC

Waverley Capital Acquisition Corp. 1 (NYSE: WAVC) has announced that it will redeem all of its outstanding Class A ordinary shares at a per-share redemption price of approximately $10.37, effective as of September 8, 2023. The company will not consummate an initial business combination within the required time period and will cease all operations except for winding up. The last day the company's securities will trade on the NYSE will be August 24, 2023. The company's sponsor has waived its redemption rights with respect to the outstanding founder shares and the shares underlying the private placement warrants.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:28 pm

FOXO

Foxo Technologies Inc has entered into three separate stock purchase agreements with three accredited investors. The company has agreed to issue and sell up to 3.7 million shares in two separate tranches.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:26 pm

NVDA

NVIDIA reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. The company also approved an additional $25 billion in share repurchases, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:25 pm

NVDA

Nvidia Corp has announced that a 'new computing era has begun' and plans to continue share repurchases this fiscal year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:23 pm

NVDA

NVIDIA's board has approved an additional $25 billion in share repurchases, with no expiration date. This move could potentially increase the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:22 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has announced plans to recover the first stage of its Electron rocket during its 40th mission, and launch a pre-flown Rutherford engine, accelerating its plans to make Electron the world's first reusable small orbital rocket. The mission will deploy a spacecraft for American space tech company Capella. The mission, 'We Love the Nightlife', was initially not destined to be a recovery mission, but was changed due to low ignitor pressure on a single engine during an initial launch attempt.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:20 pm

EOG

EOG Resources Inc. (NYSE:EOG) shares are currently trading at $128.89, after a 0.27% drop. Despite a decrease of 0.33% over the past month, the stock has increased by 2.93% over the past year. The company's price-to-earnings (P/E) ratio is 8.71, slightly higher than the aggregate P/E ratio of the Oil, Gas & Consumable Fuels industry (8.55), indicating that the stock may be overvalued. The P/E ratio is a useful metric for analyzing a company's market performance, but it should not be used in isolation.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 8:16 pm