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Equity Actions

LEV

Lion Electric Company has entered into subscription agreements for aggregate gross proceeds of approximately $142 million.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:33 am

BABA

Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed consensus estimates, growing by 6.3% YoY compared to the expected 7.3%. The company has had a turbulent year with plans to split into six independent entities, a leadership overhaul, and the end of government scrutiny on its fintech affiliate, Ant Group. Alibaba's shares traded lower by 0.93% at $93.68 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 10:50 am

LIN

Linde has signed two major agreements in Brazil for the supply of renewable energy. The details of the agreements and their potential impact on the company's operations and financial performance were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:37 am

ATUS

Altice USA has appointed its CEO, Dennis Mathew, as the Chairman of the Board. The appointment is effective immediately and will last until the company's 2024 annual meeting of stockholders. Mathew will not receive any additional compensation for his new role and his employment arrangement remains unchanged.

Portfolio Pulse from Charles Gross

July 17, 2023 | 10:20 am

NNDM

SSYS

Stratasys' board has unanimously rejected Nano Dimension's revised partial tender offer. The board recommends that Stratasys shareholders vote for the re-election of the current eight members of Stratasys' board.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:06 am

ARKK

BABA

BTCUSD

ETHUSD

TSLA

US markets remain bullish following strong bank earnings. ARK's flagship fund sees a $717M exodus from investors. Wall Street strategist issues troubling assessment of stock-market rally. Biden receives $200K funding from OpenAI CEO for 2024 campaign. Pay raises beat inflation, providing financial relief to American workers. China's Q2 GDP miss stirs unease, impacting Alibaba, BYD, and other stocks. Tesla's Q2 results expected to show short-term margin disappointment but good recovery beyond. BlackRock CEO reveals high demand for Bitcoin, Ethereum among gold investors.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 9:53 am

AGRO

Morgan Stanley analyst Javier Martinez has upgraded Adecoagro (NYSE:AGRO) from Underweight to Equal-Weight and raised the price target from $9 to $13.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 9:52 am

ARKK

GS

TSLA

Over the weekend, Tesla's first Cybertruck rolled off the production line at the Giga Texas plant, which is expected to significantly boost Tesla's volume. Elon Musk expressed doubts about Vice President Kamala Harris serving as the AI czar. Former President Donald Trump was reportedly upset as his son-in-law testified before a grand jury. Macro guru Raoul Pal warned of a looming crisis, and a Wall Street strategist issued a troubling assessment of the stock market rally. Ark Invest founder Cathie Wood discussed the year-to-date performance of the firm’s actively-managed exchange-traded funds.

Portfolio Pulse from Benzinga Neuro

July 17, 2023 | 9:49 am

BLK

BTCUSD

BlackRock CEO Larry Fink has expressed optimism about the growing demand for cryptocurrencies like Bitcoin among gold investors. He noted the potential for ETFs to democratize access to both gold and crypto. This comes as BlackRock filed for a spot bitcoin ETF with the SEC. BlackRock released its Q2 results with adjusted earnings per share of $9.28 and generating $4.46 billion in revenue. The company’s assets under management have surged to over $9 trillion.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 4:25 am

ODD

ODDITY Tech Ltd (NASDAQ:ODD) is set to become publicly listed on July 19, 2023, with a price range set between $27.00 and $30.00. The company will be offering 10,526,000 shares at a per-share value of $28.50. The IPO comes with a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

July 16, 2023 | 6:13 pm