Streetbeat News

Stock Prices

AKR

Acadia Realty Trust (NYSE:AKR) has priced an underwritten offering of 6.9 million shares at $16.75 each, including an option for underwriters to purchase an additional 900,000 shares. The offering is set to close on January 11, 2024. The proceeds will be used for general corporate purposes such as funding acquisitions, repaying debt, and working capital. J.P. Morgan and BofA Securities are the underwriters for the offering.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:02 am

BLK

FNF

Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the SEC is inevitable, citing improved market dynamics and satisfactory disclosures from companies like BlackRock and Fidelity. Bloomberg ETF analyst James Seyffart predicts a 90% chance of approval by Jan. 10, which could significantly impact the cryptocurrency industry by allowing traditional investors to gain Bitcoin exposure.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 3:25 am

CSCO

HPE

JNPR

Hewlett Packard Enterprise Co (NYSE:HPE) is in advanced talks to acquire Juniper Networks, Inc. (NYSE:JNPR) for about $13 billion, which has led to a surge in Juniper's stock price. The acquisition could strengthen HPE's position against Cisco Systems Inc (NASDAQ:CSCO) in the networking equipment market. Juniper's stock had fallen by about 8% in 2023, but saw a 20% increase in November and December after reaching a 52-week low in October.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 3:17 am

NVO

A Deutsche Bank survey indicates that patients using Novo Nordisk's weight loss medication Ozempic may increase their caloric intake after stopping the treatment. The survey included 600 U.S. consumers, with 70% being users of GLP-1 drugs like Ozempic or Wegovy. Novo Nordisk's Wegovy shows high adherence rates and effectiveness, leading to increased demand and a €2 billion investment in a new manufacturing facility in Dublin. The growing demand for GLP-1 drugs is seen as an investment opportunity, with Jim Cramer highlighting the potential of weight-loss drugs.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 3:14 am

BLK

Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), experienced significant gains as the market anticipates the approval of the first spot-based Bitcoin ETFs in the U.S. Asset management firms like BlackRock, Fidelity, and Grayscale have updated their S-1 filings with the SEC, revealing their fee structures. Bitwise offers the lowest fee at 0.24%, while BlackRock set its fee at 0.30%. The global cryptocurrency market cap slightly declined, while stock averages increased, with the S&P 500 and Nasdaq Composite rising. Analysts predict a bullish cycle for Bitcoin, with the upcoming ETF approval and the Bitcoin Halving event serving as potential catalysts.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 2:42 am

SSNLF

Samsung Electronics Co Ltd (OTC:SSNLF) expects a 35% drop in Q4 2023 operating profit due to semiconductor price recovery. The forecasted profit of 2.8 trillion won ($2.13 billion) is below the SmartEstimate of 3.7 trillion won. The company's revenue is also expected to decline by 4.9% year-over-year. Despite the downturn, Samsung continues to invest in AI and premium products and is launching the Galaxy S24 on Jan. 17.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 1:41 am

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has discovered loose bolts on several grounded Boeing 737 MAX 9 airplanes, raising concerns about Boeing Co's (NYSE:BA) manufacturing processes. The issue came to light after an incident with an Alaska Airlines (NYSE:ALK) MAX 9 plane, leading to the grounding of 171 aircraft. Boeing's shares fell by 8% following the news. The FAA has authorized inspections, and Boeing has expressed its commitment to safety and support for the ongoing investigation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:50 am

TTNP

Trading for TTNP has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:50 am

BTCUSD

Max Keiser, a Bitcoin maximalist, has warned that the U.S. government plans to seize all Bitcoin ETFs, which he views as illegitimate and not offering real Bitcoin ownership. Bloomberg analysts Eric Balchunas and James Seyffart countered Keiser's claims, arguing that Bitcoin ETFs do provide ownership through shares linked to custodied Bitcoin and are less problematic than gold ETFs. The debate highlights a divide in the Bitcoin community between those who prioritize direct ownership and those who see ETFs as a means to mainstream adoption.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 12:08 am

HPE

JNPR

Hewlett Packard Enterprise (HPE) is reportedly close to finalizing a deal to acquire Juniper Networks (JNPR), with the acquisition valuing Juniper at approximately $13 per share. The deal could be concluded as early as this week, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:43 pm