Streetbeat News

Equity Actions

QQQ

SPTL

SPY

TLT

Morgan Stanley predicts a 16% drop in S&P 500 earnings per share this year, potentially slowing the ongoing rally. The investment bank is bullish on equities in Japan, Taiwan, and South Korea, and recommends an overweight position in developed-market government bonds, including long-dated Treasuries and the dollar.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 6:45 am

SQ

Twitter co-founder Jack Dorsey has endorsed Robert F. Kennedy Jr. for the 2024 US presidential election, stating that he can and will beat Trump and DeSantis. Dorsey, who is also the head of Block Inc (NYSE:SQ), dismissed concerns about the Democratic National Committee's influence on the nomination.

Portfolio Pulse from Shivdeep Dhaliwal

June 05, 2023 | 12:56 am

SXTP

60 Degrees Pharmaceuticals, Inc (NASDAQ:SXTP) is set to go public on June 9, 2023, with a price band between $4.30 and $6.30. The company will offer 1,415,000 shares at a per-share value of $5.30, and an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

June 04, 2023 | 6:10 pm

CHPT

ETN

EVGO

IBM

TWLO

Barron's weekend stock picks include IBM, Twilio, and companies in the electrification sector. EVgo's largest holder bought $25 million of stock, IBM is poised to be a major player in AI, and Twilio's stock surged after activist hedge fund Legion Partners pushed for board changes. ChargePoint's sales outlook falls short, while Eaton Corporation remains a strong growth stock.

Portfolio Pulse from Justin Chan

June 03, 2023 | 10:18 pm

PEPG

PepGen Inc has filed for a mixed shelf offering of up to $300 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 8:17 pm

BNRG

Brenmiller Energy Ltd has filed for a mixed shelf offering of up to $75 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 8:15 pm

PHGE

BiomX has filed for a shelf offering of up to 31.8 million shares of common stock, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 8:04 pm

BWAQ

Blue World Acquisition Corporation (NASDAQ:BWAQ) has extended the deadline for its initial business combination from June 2, 2023 to July 2, 2023, depositing $194,324 into its trust account. The company issued an unsecured promissory note to Blue World Holdings Limited, its sponsor, for the payment of the Extension Fee.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 8:01 pm

LCID

LULU

NVDA

The S&P 500 reached its highest levels since August due to strong macroeconomic data and the debt ceiling deal. Nvidia crossed the $1-trillion market cap, while Lucid Group's shares dropped after a capital raise announcement. Lululemon's sales growth led to a 15% rise in its stock.

Portfolio Pulse from Natan Ponieman

June 02, 2023 | 7:54 pm

ORFN

Tidal ETF Trust has corrected the ticker symbol for its Constrained Capital ESG Orphans ETF to ORFN.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 7:48 pm