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SCPX

Scorpius has announced the pricing of its public offering of 10 million common shares at $0.15 per share.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:39 am

AAPL

GOOG

LLY

NVO

TSLA

Retail traders are shifting their investments from major tech stocks, including Tesla, Apple, and Google, to pharmaceutical companies like Eli Lilly and Novo Nordisk, as per a JPMorgan report. This trend reflects a broader market shift, with $1.4 billion in tech stocks sold off in the past week. Despite the AI frenzy, there's a growing interest in pharma stocks, indicating a potential end to the dominance of the 'Magnificent Seven' tech giants.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 5:22 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Goldman Sachs predicts S&P 500 companies will increase their share buybacks to $925 billion in 2024, a 13% YoY increase, and exceed $1 trillion in 2025. This surge is driven by the 'Magnificent Seven' tech giants: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, which contributed to 26% of S&P 500 buybacks in 2023. Despite a 14% decline in buybacks in 2023 due to various economic factors, expectations of strong earnings from these tech firms are anticipated to boost share repurchases.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 4:43 am

AMD

NVDA

Jim Cramer used a 'chip' analogy to highlight the growing wealth gap, contrasting investments in microchips like Nvidia's with the struggles of average consumers affording basic necessities. He noted the high returns on microchip investments, particularly for AI products, and the impact of the Federal Reserve's policies on tech stock prices. Advanced Micro Devices (AMD) faces export challenges, but Nvidia (NVDA) continues to excel, with caution advised for stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 1:36 am

HFBL

Home Federal Bancorp, Inc. of Louisiana (HFBL) announced it has received regulatory approval for a $10.0 million dividend from Home Federal Bank and has also been approved for a stock repurchase program. The dividend will be paid in four quarterly installments in 2024, and the repurchase program allows for up to 60,000 shares, or about 2.0% of the company's outstanding common stock, to be repurchased.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:03 pm

ESS

Essex Property Trust has announced the pricing of a public offering of $350 million in senior notes with a 5.500% interest rate, due in 2034. This move could impact the company's financial structure and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:27 pm

WSR

The Board of Trustees of Whitestone REIT has rejected the nomination of two candidates proposed by Erez Asset Management for inclusion on the REIT's board. This decision indicates a potential conflict between the REIT's current management and Erez Asset Management regarding the direction of the company.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:15 pm

DKL

Delek Logistics Partners announced a $120 million proposed public offering of common units, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:01 pm

RDNT

RadNet shares are trading lower following the announcement of a $200 million underwritten public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:57 pm

FWRG

First Watch Restaurant Group, Inc. (FWRG) announced a secondary offering of 6 million shares by certain funds managed by Advent International, L.P. All proceeds from the offering will go to the selling stockholders, with FWRG not selling any shares or receiving any proceeds.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:54 pm