Streetbeat News

Equity Actions

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

VLD

Velo3D's stock price has decreased following the announcement of a $12 million public offering.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:08 pm

ASTI

Ascent Solar Technologies announced a $6 million public offering priced at $0.14 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:06 pm

LAW

CS Disco, Inc. (NYSE:LAW) announced the appointment of Eric Friedrichsen as its new CEO, succeeding Scott Hill, who will become Board Chair. Friedrichsen, a seasoned technology veteran, is expected to lead DISCO into its next growth stage, leveraging his experience in scaling businesses and building strong company cultures. Hill will assist in the transition until May 11, 2024, and Friedrichsen will start on April 29, 2024. Friedrichsen's prior roles include CEO of Emburse, LLC, and leadership positions at Marketo Inc. and SAP.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:03 pm

ACRE

Ares Comml Real Est (NYSE:ACRE) has received mixed analyst ratings, with a notable negative shift in sentiment. The average 12-month price target was lowered by 22.84% to $7.6. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting concerns over ACRE's financial health, including a significant revenue decline of -45.55%, a net margin of -238.04%, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

BXMT

Four analysts have recently evaluated Blackstone Mortgage Trust (NYSE:BXMT), maintaining a neutral stance with all four ratings being indifferent. The average 12-month price target for BXMT has been adjusted to $20.38, marking a 3.5% decrease. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting a cautious outlook on the company's financial performance. Blackstone Mortgage Trust, a real estate finance company, has experienced a revenue decline of -19.53% and faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 1:00 pm

CISS

C3IS has announced a 1-for-100 reverse stock split, a move typically aimed at increasing the market price of a company's shares. This action can often be seen as an attempt to comply with stock exchange listing requirements or to attract a different class of investors.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:51 pm

ASTI

Ascent Solar Technologies has announced the pricing of a $6 million public offering of its shares at $0.14 per share. This move is aimed at raising capital for the company.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:51 pm

IYG

MA

V

XLF

Mastercard Inc (NYSE:MA) announced a strategic realignment focusing on Core Payments, Commercial and new Payment Flows, and Services to accelerate growth and enhance stakeholder value. Leadership changes are effective immediately, with organizational changes starting May 1. The realignment aims to strengthen Mastercard's competitive edge, diversify revenue sources, and improve product offerings. Key appointments include Jorn Lambert as Chief Product Officer, Raj Seshadri as Chief Commercial Payments Officer, and Craig Vosburg as Chief Services Officer. Additionally, Mastercard plans to raise certain credit card fees starting April 15, following a $30 billion swipe fee settlement with Visa Inc (NYSE:V). Mastercard's stock has gained over 31% in the last 12 months, and investors can gain exposure through SPDR Select Sector Fund – Financial (NYSE:XLF) and IShares U.S. Financial Services ETF (NYSE:IYG).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 12:45 pm

FHN

First Horizon Corp (NYSE:FHN) has been upgraded by RBC Capital Markets from Sector Perform to Outperform with a price target increase from $16 to $18, due to a favorable 2024 outlook, strong net interest margin expansion, and potential for aggressive capital return including a large buyback authorization. Shares rose by 0.59% to $15.24.

Portfolio Pulse from Priya Nigam

April 10, 2024 | 12:42 pm