Streetbeat News

Equity Actions

BQ

Boqii Holding has entered into a securities purchase agreement with VG Master Fund. Under this agreement, Boqii may sell and issue up to $8M of ADS's to VG Master Fund at its discretion.

Portfolio Pulse from Charles Gross

July 31, 2023 | 10:10 am

EEMA

EWU

EZU

FLAX

SPY

On July 28, U.S. markets ended higher due to tech earnings, economic data, and central bank comments. The PCE price index rose 0.2% MoM in June. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Asian markets also ended higher, with Japan's Nikkei 225, Australia's S&P/ASX 200, Shanghai Composite, and Hang Seng index all closing in the green. The Pan-European STOXX 600 index, DAX index, and CAC 40 also rose, while the U.K.'s FTSE 100 traded lower. Commodities saw mixed results, with Crude Oil WTI and Natural Gas trading higher, while Brent, Gold, and Silver traded lower. Copper was up. U.S. futures and the U.S. Dollar Index were also up.

Portfolio Pulse from Akanksha Bakshi

July 31, 2023 | 10:04 am

W

Piper Sandler analyst Peter Keith has upgraded Wayfair (NYSE:W) from Neutral to Overweight and raised the price target from $35 to $97.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 9:34 am

OKYO

OKYO Pharma has withdrawn its proposed public offering of ordinary shares due to changing market conditions.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:03 am

FOX

PDYPF

Fox Corporation and Flutter Entertainment have decided to shut down their sports betting platform, FOX Bet. The decision comes after a strategic review of the business.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:12 am

ON

PG

THC

WDC

The CNN Money Fear and Greed index remained in the 'Extreme Greed' zone on Friday, indicating high investor confidence. The Dow Jones closed higher for the third week in a row, while the PCE price index rose 0.2% MoM in June. The Federal Reserve increased interest rates last week. Procter & Gamble reported better-than-expected earnings and revenue for its most recent quarter. Investors are awaiting earnings results from ON Semiconductor, Tenet Healthcare, and Western Digital.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 5:45 am

CTNT

FTEL

PXDT

FITELL CORPORATION (NASDAQ:FTEL), Pixie Dust Technologies, Inc (NASDAQ:PXDT), and CHEETAH NET SUPPLY CHAIN SERVICE INC (NASDAQ:CTNT) are set to go public this week. FTEL will offer 3,000,000 shares at $5.50 per share, PXDT will offer 2,000,000 shares at $9.50 per share, and CTNT will offer 1,250,000 shares at $5.00 per share. All three companies have a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

July 30, 2023 | 8:32 pm

FOX

FOXA

Former president Donald Trump has advised Florida governor Ron DeSantis to withdraw from the 2024 GOP nomination race due to his falling poll numbers. Trump, who is leading DeSantis by 30 to 50 points in polls, believes his withdrawal would be beneficial for the Republican party. Trump also mentioned that he might not attend the upcoming Republican debate set for August 23 in Wisconsin, which will be aired by Fox News, as he considers the network to be 'hostile'.

Portfolio Pulse from Chris Katje

July 30, 2023 | 4:57 pm

ETHUSD

Arthur Hayes, co-founder and former CEO of BitMEX, predicts that Ethereum (ETH) could rally by 1,556% from its current price of $1,875 to $31,063. He believes that Ethereum will benefit from AI technology, with AI applications establishing decentralized autonomous organizations (DAOs) to execute smart contracts. Hayes also anticipates that tokens issued by the AI DAOs will trade on decentralized exchanges (DEXs) primarily built on Ethereum.

Portfolio Pulse from Bibhu Pattnaik

July 29, 2023 | 2:25 pm

META

TSLA

Facebook co-founder Dustin Moskovitz has questioned the legitimacy of Elon Musk's success with Tesla Inc. and SpaceX, suggesting that the companies may not be as revolutionary as they are often portrayed. Moskovitz raised doubts about the expected range of Tesla's electric vehicles and Musk's promises of fully autonomous cars, arguing that these claims may have allowed Tesla to attract resources at the potential expense of rival companies.

Portfolio Pulse from Ananya Gairola

July 29, 2023 | 4:37 am