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FFIE

PLTR

Faraday Future Intelligent Electric Inc (FFIE) has deferred the second delivery phase of its limited edition FF 91 2.0 Futurist Alliance due to supplier's timing constraints and additional safety testing. The company also announced plans for a reverse stock split and filed for approval to issue class A common stock and/or warrants up to $300 million.

Portfolio Pulse from Anan Ashraf

June 19, 2023 | 9:41 am

AZN

FXI

AstraZeneca is reportedly drafting a plan to spin off its China business, according to the Financial Times. This move could potentially unlock value for the company and its shareholders.

Portfolio Pulse from Charles Gross

June 19, 2023 | 1:26 am

PWR

Steve Eisman, the investor known for predicting the 2008 financial crisis, is betting on US infrastructure, citing greenification initiatives as a potential investment opportunity. He mentioned Quanta Services Inc (NYSE:PWR) as an example of a utility stock with significant growth potential.

Portfolio Pulse from Bibhu Pattnaik

June 18, 2023 | 5:47 pm

AN

FCX

NRG

SOFI

STZ

Barron's weekend stock picks include AutoNation, NRG Energy, and Constellation Brands. Freeport-McMoRan is set to benefit from the adoption of electric vehicles and alternative energy. AutoNation's stock surged due to positive used-car data. NRG Energy made moves after Elliott Management reinitiated its activist stake. SoFi Technologies was downgraded by Piper Sandler and BofA Securities. Constellation Brands' Modelo Especial shows growth potential.

Portfolio Pulse from Justin Chan

June 17, 2023 | 10:39 pm

PD

SHOP

TDOC

TSLA

TWLO

ZM

Cathie Wood's Ark Invest sold $117M worth of Tesla shares this week, while adding stocks like PagerDuty, Twilio, Zoom Video Communications, and Teladoc Health to its portfolio. Tesla's stock has been rallying recently, driven by multiple factors.

Portfolio Pulse from Shanthi Rexaline

June 17, 2023 | 7:00 am

ABSI

Absci Corp has entered into a sales agreement to potentially offer and sell shares of its common stock worth up to $100 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:29 pm

WE

WeWork stockholders approved an amendment to the company's charter to effect a reverse stock split of Class A and Class C common stock at a ratio in the range of 1-for-10 at the annual general meeting.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:27 pm

EWTX

Edgewise Therapeutics Inc plans to offer and sell shares of common stock worth up to $125 million from time to time, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:14 pm

IOVA

Iovance Biotherapeutics Inc has filed for a mixed shelf offering with the SEC, but the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:13 pm

HEAR

Turtle Beach Corporation (NASDAQ:HEAR) has announced the termination of its rights agreement, also known as a poison pill, which was originally set to expire on March 28, 2024. The agreement has been amended to accelerate the expiration date to June 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:09 pm