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DIS

DKNG

PENN

A bettor won a significant parlay bet on a low-scoring NFL game between the Bears and Vikings, which aired on ESPN and featured only one touchdown. The bettor placed a wager with DraftKings Inc (DKNG) on T.J. Hockenson scoring the first and last touchdown. PENN Entertainment's ESPN Bet platform offers bets on players not scoring touchdowns, a potentially profitable option in such games. The Bears won 12-10, and the game's total points were well under the line set by sportsbooks.

Portfolio Pulse from Chris Katje

November 28, 2023 | 11:05 pm

AAPL

BRK

Charles 'Charlie' Munger, Warren Buffett's partner at Berkshire Hathaway, has passed away at 99. Buffett praised Munger's role in building Berkshire Hathaway. Munger was vice chairman and a major shareholder, with holdings worth $2.1 billion. Under their leadership, Berkshire Hathaway outperformed the S&P 500 with an average annual gain of 20.1% from 1965 to 2021. Munger's investment strategies, including the 'Lollapalooza effect' and focus on great companies at decent prices, were highlighted, with Apple Inc. being a notable investment. The investment community mourns his loss, recognizing his contributions to finance and investing.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:58 pm

LVS

Las Vegas Sands Corp. (LVS) shares fell in after-hours trading following the announcement of a $2 billion secondary public offering of shares by Miriam Adelson and The Miriam Adelson Trust. The company plans to repurchase $250 million of the stock from the offering but will not receive any proceeds from the sale. The proceeds are intended for the purchase of a majority interest in a professional sports franchise. The Selling Stockholders will enter into a 365-day lock-up agreement post-offering.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 10:41 pm

SNBR

Sleep Number Corporation (SNBR) will be removed from the S&P SmallCap 600 index before the market opens on December 4. This change in index composition could affect the stock's visibility and investment from index-tracking funds.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:32 pm

DUET

Fenix 360 Pte Ltd, a private company, has announced it will go public through a merger with DUET Acquisition Corp., a Special Purpose Acquisition Company (SPAC). The transaction values Fenix 360 at an enterprise value of $610 million.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:28 pm

TMBR

Timber Pharmaceuticals has received court approval for all 'First Day' motions, which will allow the company to support its business operations during its restructuring process. Additionally, Timber Pharmaceuticals has disclosed that it has received communication from NYSE American, which is likely related to its financial condition and restructuring efforts.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:26 pm

WOR

Worthington Industries Inc. (NYSE:WOR) is spinning off Worthington Steel, which will be added to the S&P SmallCap 600 on December 1, replacing Sleep Number. After the spin-off, Worthington Industries will remain in the index under the new name Worthington Enterprises Inc.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:21 pm

CYCC

Cyclacel Pharmaceuticals, Inc. has received a notification from Nasdaq about a deficiency due to the delay in filing its quarterly report on Form 10-Q. The company is required to submit a plan to regain compliance within 60 calendar days. If Nasdaq accepts the plan, Cyclacel may be granted up to 180 calendar days from the Form 10-Q's due date to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 10:17 pm

EIS

IZRL

Israel and Hamas have extended their ceasefire for an additional 48 hours following a successful hostage-for-prisoner exchange. The US has sent humanitarian aid to Egypt to support Gaza, with more flights expected. Elon Musk was invited by a senior Hamas official to visit Gaza. Israeli Prime Minister Netanyahu reiterated Israel's commitment to security, while US Secretary of State Blinken discussed the situation with NATO members, also expressing support for Ukraine. Israeli stocks, including the iShares MSCI Israel ETF (EIS) and ARK Israel Innovative Technology ETF (IZRL), saw gains on Tuesday.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 10:12 pm

SPLK

Splunk Inc. (NASDAQ:SPLK) reported Q3 earnings of 55 cents per share, surpassing estimates by 42 cents and showing a significant improvement over the previous year's loss of 20 cents per share. Revenue was $1.07 billion, beating expectations by $40 million and marking a 14.80% increase year-over-year. Total ARR reached $4.0 billion, up 15%, with cloud revenue growing 26% to $469 million. The company highlighted its agreement with Cisco and strong cloud business momentum. After the earnings release, SPLK shares remained flat in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 28, 2023 | 10:08 pm