Streetbeat News

Equity Actions

HHH

Howard Hughes Holdings (HHH) announces Scot Sellers as the new Chairman, succeeding Bill Ackman who is retiring. Pershing Square remains a major shareholder, with Ben Hakim nominated to replace Ackman on the board.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:30 am

AER

AerCap Holdings N.V. (AER) reported significant activity in Q1 2024, including 82 new lease agreements, the purchase of 21 assets, and the sale of 49 assets. The company also repurchased 4.3 million shares for about $336 million and signed financing transactions worth approximately $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:13 am

MSTR

Jim Chanos highlighted a resurgence in risky trading behavior, specifically the selling of naked options, reminiscent of James Cordier's 2018 financial disaster. The article warns against the allure of 'free money' from selling penny puts on the SPX complex, citing increased market risk and potential catastrophic losses. It suggests a safer options trading strategy, exemplified by a vertical spread bet against MicroStrategy, Inc. (NASDAQ:MSTR), as a prudent alternative.

Portfolio Pulse from David Pinsen

April 04, 2024 | 10:20 am

PGR

Progressive Corp's (NYSE:PGR) stock has shown steady growth, reminiscent of Nvidia's early days, with a 26% increase in 2022, 22% in 2023, and 32% in 2024 so far. The stock, now trading above $200, has recently broken through the $200 resistance level and is targeting the next at $300. Despite a 10% dip in December 2023, it rebounded strongly, closing at $210.03 on April 2, indicating potential for long-term growth.

Portfolio Pulse from Zaheer Anwari

April 04, 2024 | 10:18 am

GLD

SPY

'Rich Dad Poor Dad' author Robert Kiyosaki criticizes Fed Chair Powell for admitting inflation is winning, changing his stance on rate cuts. Kiyosaki warns of financial trouble, advising investment in gold, silver, and Bitcoin. SPDR Gold Shares (GLD) and SPDR S&P 500 ETF Trust (SPY) are mentioned with their performance.

Portfolio Pulse from Shanthi Rexaline

April 04, 2024 | 9:31 am

DIS

The boardroom battle at Walt Disney Co. (NYSE:DIS) was highlighted by Ken Squire of 13D Monitor on CNBC, emphasizing it was not aimed at CEO Bob Iger but was about holding the board accountable for long-term succession planning. Despite Nelson Peltz's proxy fight and nomination for the board, Disney emerged victorious, electing its slate of board members. Jeffrey Sonnenfeld disagreed with Squire's view, praising Disney's board strength. Elon Musk also weighed in, supporting Peltz's board nomination.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 8:07 am

AAPL

Apple Inc. CEO Tim Cook sold over $33 million worth of company shares on Apr. 1 and Apr. 2, under a pre-arranged Rule 10b5-1 plan initiated on Nov. 28, 2022. The sales reduced Cook's direct holdings in Apple to 3,280,180 shares. These transactions were part of Cook's compensation package, involving the vesting of restricted stock units (RSUs). Insider transactions like these are often scrutinized for insights into executives' views on the company's future, though 10b5-1 plans are designed to prevent insider trading allegations by scheduling sales in advance.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 7:41 am

MNSO

MINISO has achieved significant expansion in North America, attributing its success to a strategic focus on intellectual property (IP) and the creation of innovative shopping experiences. The company's approach has allowed it to stand out in the competitive retail market, driving growth and increasing its presence across the region.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:32 am

TWLO

Byron Deeter, a director at Twilio since 2010, will retire from the board by the 2024 annual meeting. Additionally, Twilio's board has unanimously voted to seek shareholder approval for the declassification of its board.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:16 am

BCS

Barclays Bank announced updates on its comprehensive cash tender offers and consent solicitations for 16 ETN series. This move is part of the bank's broader strategy to manage its financial products and could impact the liquidity and market perception of these ETNs.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:09 am