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Investment expert Sarat Sethi observed a shift in market dynamics, noting that while speculative stocks are gaining momentum, major tech stocks known as the 'Magnificent 7' (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla) are lagging. Sethi warns of high volatility ('huge beta') for these speculative stocks during market pullbacks, potentially leading to double-digit declines. Meanwhile, the broader market, including the S&P 500, has seen significant gains, leading to cautious optimism among investors. This shift may indicate a changing landscape in the equity markets, with new potential leaders like CrowdStrike Holdings and Advanced Micro Devices emerging.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 7:39 am

IBACU

IB Acquisition Corp priced its IPO of 10M units at $10 each, to start trading on Nasdaq under 'IBACU' on March 26, 2024. Each unit includes a share and a right for 1/20 of a share post-business combination.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:11 am

MTDR

Matador Resources has announced the pricing of a public offering of 5.25 million shares of its common stock, aiming to raise $347.3 million. This move could indicate the company's strategy for raising capital to fund its operations or future investments.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:42 am

AEE

Ameren Missouri, a subsidiary of Ameren Corporation (AEE), has successfully priced a public offering of $500 million in 5.20% first mortgage bonds, set to mature in 2034. This move is aimed at raising capital for the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:40 am

IPWR

Ideal Power announced a public offering of 2 million common shares priced at $7.50 per share, aiming to raise $15 million. This move could impact the company's stock price in the short term due to the potential dilution of existing shares.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:13 am

TRNO

Terreno Realty has upsized its public equity offering to 5.5 million shares at $62 each, with an option for underwriters to buy an additional 825,000 shares. The offering, initially set at 5 million shares, is expected to close on March 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:33 am

DADA

Dada Nexus has announced that its board has authorized a share repurchase program, allowing the company to buy back up to $40 million of its American Depository Shares over a two-year period ending in March 2026.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:11 pm

TRIN

Trinity Capital has announced the pricing of a $100 million offering of 7.875% notes due in 2029. This move is aimed at raising capital, potentially for expansion or debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:01 pm

FEZ

SPY

U.S. stocks, represented by SPDR S&P 500 ETF Trust (SPY), are trading at a 50% higher forward P/E ratio compared to European equities, represented by SPDR EURO STOXX 50 ETF (FEZ). Bank of America analysts argue that this premium is largely justifiable when adjusted for sector composition, growth differentials, energy security, and the potential from the AI investment cycle. The adjusted premium narrows to 12%, reflecting the U.S. economy's expected outperformance and a more stable growth outlook. Additionally, a burgeoning AI investment cycle in the U.S. is anticipated to drive robust earnings growth over the next few years.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 9:31 pm

APA

CPE

NARI

Inari Medical will replace Callon Petroleum in the S&P SmallCap 600 before trading opens on April 1, due to APA Corp.'s acquisition of Callon Petroleum, expected to finalize around that date.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 9:21 pm