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Equity Actions

AAPL

BBY

DKS

LEN

MSFT

TOL

Jim Cramer emphasized the importance of share count reduction in driving stock performance, noting that over half of the S&P 500 stocks reaching new 52-week highs in Q1 benefited from this strategy. He highlighted companies across housing, retail, and technology sectors, including Lennar, Toll Brothers, Best Buy, Dick's Sporting Goods, Apple, and Microsoft, as examples of firms that have significantly reduced their share counts since 2019. This trend is seen as a positive indicator for the S&P 500, which is predicted to surge by 15% by the end of 2024.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 10:23 am

TSQ

Townsquare Media, Inc. (TSQ) announced the repurchase and retirement of 1.5 million shares of Class A common stock from MSG National Properties, LLC at $9.76 per share, an 11% discount from the closing price on March 28, 2024. This follows previous repurchases in June 2023 and March 2021. The $14.6 million purchase was funded with cash on hand. Townsquare's Cash Flow from Operations increased 35% year-over-year to $68 million in 2023, with the transaction increasing Cash Flow per share to approximately $4.47, a 10% accretion. Post-transaction, the company has 15.2 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:05 am

ELAN

Activist investor Ancora has successfully secured two board seats at Elanco, as reported by Bloomberg. This move could signal potential strategic shifts or operational improvements at Elanco, influenced by Ancora's positions.

Portfolio Pulse from Charles Gross

April 01, 2024 | 8:43 am

GOOG

GOOGL

MSFT

NVDA

Sir Demis Hassabis, co-founder of Google DeepMind, expressed concerns over the exaggerated hype surrounding artificial intelligence (AI), comparing it to the crypto buzz. He believes this overshadows real scientific progress in AI. Despite the hype, Hassabis remains optimistic about AI's transformative potential, citing DeepMind's AlphaFold as a significant advancement. The article also mentions the surge in funding for AI startups and the interest in major tech companies like Microsoft, Alphabet, and Nvidia, which are leading the AI revolution.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 8:07 am

Noble Corporation has expanded its share capital through new issuances, which includes the vesting of Restricted Stock Units (RSUs) for employees. This move could potentially dilute existing shareholders but also indicates potential growth and investment in its workforce.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:34 am

BRK

QQQ

Edward Snowden highlighted Warren Buffett's investment success, contrasting it with the stock performance of members of Congress like Dan Meuser, Nancy Pelosi, and others. He pointed out that while Berkshire Hathaway has seen an average annual return of 20.0%, some Congress members have shown higher returns. Additionally, the Invesco QQQ Trust Series 1, tracking the Nasdaq 100, has outperformed with a 50.74% return over one year. Snowden's comments come amid discussions on congressional stock trading activities.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 3:30 am

MIMO

Airspan Networks Holdings Inc. (MIMO) announced a Restructuring Support Agreement with Fortress Investment Group and other stakeholders, providing up to $95M in equity financing and eliminating all debt. The company filed for Chapter 11 to expedite restructuring, aiming to become private under Fortress majority ownership. Airspan received over $53M in DIP financing to support operations during restructuring, with court approval pending. Existing stockholders may exchange shares for cash or warrants.

Portfolio Pulse from Charles Gross

March 31, 2024 | 6:34 pm

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am

DJT

Trump Media & Technology Group Corp. (TMTG), trading under NASDAQ:DJT, debuted this week, significantly boosting Donald Trump's net worth and potentially influencing his 2024 election prospects. Despite minimal revenue and a history of losses, TMTG's market cap exceeds $7 billion. The company's stock performance offers a direct way for supporters to impact Trump's financial standing, with economist Peter Schiff suggesting buying DJT shares as an alternative to campaign donations. Trump, owning almost 60% of DJT, benefits directly from the stock's performance.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 3:55 pm

DJT

'Bond King' Bill Gross is actively trading options on Trump Media & Technology (NASDAQ:DJT), betting on the stock's high volatility. He's selling puts and calls with the expectation that DJT's stock will stay between $45 and $95. The stock, which went public through a merger with Digital World Acquisition Corp., has seen a significant increase, jumping 275% year-to-date. Trump Media's valuation has reached around $9 billion, despite modest revenues, making it a speculative favorite but also the most expensive US company to bet against.

Portfolio Pulse from Rounak Jain

March 30, 2024 | 2:07 am