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Equity Actions

CFLT

Investor Business Daily SwingTrader has reportedly purchased stock in Confluent (CFLT).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:07 pm

AMD

BLK

CVX

GIS

GOOG

HYMTF

MSFT

NSANY

NVDA

OSTK

SAP

SPR

SSNLF

STLA

UAL

Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

Investor Business Daily's SwingTrader has reportedly purchased shares in Dynatrace (DT).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:57 pm

BILL

Investor Business Daily SwingTrader has reportedly purchased stock in BILL Holdings. This could potentially influence the stock's performance in the short term.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:52 pm

REGN

A significant bearish stance has been taken on Regeneron Pharmaceuticals (NASDAQ:REGN) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 23% bullish and 76% bearish. The whales have been targeting a price range from $760.0 to $930.0 for REGN over the last 3 months. The current price of REGN is down -2.52% at $698.04. Several financial institutions have downgraded their ratings on REGN.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:51 pm

SONN

Sonnet BioTherapeutics Holdings, Inc. (SONN) announced a $2.25 million registered direct offering of 5 million shares at 45 cents per share, causing its stock to drop by 26.18%. The company will also issue warrants for the investor to purchase up to 5 million additional shares at 67.49 cents per share. The proceeds will be used for R&D, clinical trials, working capital, and general corporate purposes.

Portfolio Pulse from Henry Khederian

June 28, 2023 | 1:41 pm

NSANY

RNLSY

Nissan Motor Co Ltd has announced executive committee changes effective from July 1, 2023, to accelerate its Nissan NEXT progress. The changes include the departure of Chief Operating Officer Ashwani Gupta and the addition of Operations Performance to CFO Stephen Ma's responsibilities. The chairpersons of the regional management committees will become members of the executive committee and report directly to CEO Makoto Uchida. Gupta had reportedly clashed with Uchida over negotiations with Renault SA.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 1:37 pm

BLK

JPM

NVDA

BlackRock, Inc. (NYSE:BLK) has capitalized on the AI-driven surge, owning over 7% of Nvidia Corp's (NASDAQ:NVDA) stock. The firm has declared an overweight position on AI and is selectively investing in tech. BlackRock also prefers U.S. bonds with short maturities as a source of income, expecting the Federal Reserve to increase rates to 5.75%. JP Morgan Chase & Co (NYSE:JPM), Goldman Sachs Group, Inc (NYSE:GS), and Morgan Stanley (NYSE:MS) are also leveraging AI in their operations.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 1:33 pm

CIR

KKR

Global investment firm KKR has reaffirmed its intention to acquire CIRCOR International, stating that the transaction maximizes shareholder value and minimizes regulatory, market, and industry risks. The transaction is expected to close in Q4 2023. KKR has also agreed to eliminate third party financing risk by providing a full equity backstop of the transaction. KKR's resources will help CIRCOR expand its presence in attractive flow control markets and support further investments into CIRCOR's factories.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:30 pm

AXSM

Axsome Therapeutics, Inc. (NASDAQ:AXSM) has announced the pricing of a public offering of 3 million shares of its common stock at $75 per share, expected to raise $225 million. The proceeds will be used to advance its late-stage pipeline, fund clinical programs, products, and product candidates, expand commercialization efforts, and for other corporate purposes. The offering is expected to close on June 30, 2023.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 1:29 pm