Streetbeat News

Equity Actions

JD

JD.com's stock traded lower on Tuesday amid reports of its long-term vision to create seven listed firms with market values of at least $14 billion each. The company plans to pay out more than 3 trillion yuan in salaries and benefits for frontline staff over the next two decades and aims to have three companies with sales exceeding 1 trillion yuan and a net profit of more than 70 billion yuan.

Portfolio Pulse from Anusuya Lahiri

June 20, 2023 | 10:37 am

APTO

Aptose Biosciences has filed for the resale of up to 1.26 million common shares by a selling shareholder.

Portfolio Pulse from Charles Gross

June 20, 2023 | 10:03 am

QFIN

Qifu Technology's board of directors has approved a $150 million share repurchase plan for its American depositary shares or Class A ordinary shares over the next 12 months starting from June 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 9:15 am

BRK

ITOCF

MARUF

MITSY

MSBHF

SSUMF

Berkshire Hathaway has increased its stakes in Japan's top five trading houses, including Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd, and Sumitomo Corp. The stakes now average more than 8.5%, and the aggregate value exceeds Berkshire-held public stocks in any other country outside the U.S.

Portfolio Pulse from Bibhu Pattnaik

June 19, 2023 | 3:11 pm

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