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ARM

SFTBF

SFTBY

Following the successful IPO of Arm Holding Plc, SoftBank Group Corp is considering investing in OpenAI, the creator of ChatGPT. SoftBank is also contemplating substantial investments in OpenAI's direct competitors. The company is also considering alternative deals, such as the acquisition of British AI chip maker Graphcore.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 11:59 am

BTCUSD

Bitcoin (BTC) is currently holding the $26,500 level as traders and investors anticipate the outcome of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting on September 20. The meeting will determine benchmark interest rates, with market sentiment expecting rates to remain unchanged. Analysts predict that Bitcoin's behavior will align with the status quo during the FOMC meeting, with BTC likely to trade within $25k – $27k in the short term.

Portfolio Pulse from Mehab Qureshi

September 18, 2023 | 11:57 am

EGRNF

China Evergrande Group's (OTCEM:EGRNF) wealth management division employees have been detained by Chinese authorities, marking the first criminal investigation against the company since its debt crisis in 2021. The detentions could indicate a new investigation that could further compound Evergrande's existing problems. Evergrande's current valuation stands at approximately HK$ 8.2 billion, a significant decline from its peak in 2017.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 11:55 am

MU

Micron Technology's shares are trading higher following an upgrade from Deutsche Bank, which raised its rating from 'Hold' to 'Buy' and increased its price target from $65 to $85.

Portfolio Pulse from Bill Haddad

September 18, 2023 | 11:43 am

FLGC

LFSWF

Flora Growth Corp. (NASDAQ:FLGC) has agreed to acquire Australian Vaporizes Pty Limited from Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT: M5B) (OTC:LFSWF) for $1.7 million in shares. The deal is expected to close in Q4 2023. Australian Vaporizes is expected to contribute $5.2 million in annual revenues, $1.2 million in gross margins, and $500,000 in net income to Flora. The acquisition is expected to drive synergies with Flora's existing brands, including selling Vessel Brand products in Australia.

Portfolio Pulse from Nina Zdinjak

September 18, 2023 | 11:43 am

PYPL

MoffettNathanson analyst Lisa Ellis has downgraded PayPal Holdings (NASDAQ:PYPL) from Outperform to Market Perform and set a price target of $75.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:34 am

TTNP

Titan Pharmaceuticals has announced a private placement of convertible preferred stock worth $9.5 million. The shares have a conversion price of $0.466.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:32 am

BRY

Berry Corporation has revised its FY23 average daily production guidance upwards from 24,000 - 25,200 Boe/day to 24,800 - 25,400 Boe/day. However, the company also expects an increase in expenses from field operations, from the earlier estimate of $35.00 - $37.00 per Boe to $36.00 - $37.00 per Boe.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:31 am

GPN

Redburn Atlantic analyst Kunaal Malde has downgraded Global Payments (NYSE:GPN) from Neutral to Sell and set a price target of $105.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:30 am

RKLB

SpaceX CEO Elon Musk mocked Rocket Lab USA Inc's CEO Peter Beck for his comments on rocket reusability. Rocket Lab recently launched a mission with a pre-flown 3D-printed Rutherford engine. Musk has previously emphasized the importance of reusability in rocket manufacturing, warning that companies not adopting this approach risk becoming obsolete.

Portfolio Pulse from Anan Ashraf

September 18, 2023 | 11:29 am