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GSQB

G Squared Ascend II (GSQB) plans to redeem public shares and cease all operations as of June 16, 2023, due to not consummating an initial business combination. The last trading day will be June 16, 2023, and the NYSE will file a Form 25 to delist its securities.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:45 pm

AVGO

MRVL

VMW

Broadcom Inc. shares traded higher on Monday following reports that the company is set to receive approval from EU antitrust regulators to acquire VMware for $61 billion. The approval is tied to interoperability remedies to rivals, including Marvell Technology.

Portfolio Pulse from Ryan Gustafson

June 12, 2023 | 8:32 pm

ROP

Roper Techs (NYSE:ROP) has outperformed the market over the past 20 years, producing an average annual return of 17.22%. A $100 investment in ROP 20 years ago would be worth $2,366.48 today.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 8:30 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has outperformed the market over the past 20 years, producing an average annual return of 10.65%. A $1000 investment in PXD 20 years ago would be worth $7,812.86 today.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 8:30 pm

ORCL

Oracle reported better-than-expected Q4 results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:24 pm

UNAM

Unico American Corp has received a letter from Nasdaq stating that trading of the company's common stock will be suspended on June 15, 2023. Unico does not intend to appeal Nasdaq's determination.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:23 pm

NVDA

ORCL

Oracle Corp reported a 17% YoY increase in Q4 revenue to $13.8 billion, beating analyst estimates. Adjusted earnings per share were $1.67, surpassing consensus estimates of $1.58. Cloud services and license support revenues rose 23% YoY, while cloud infrastructure revenue was up 76%. Oracle's board declared a quarterly cash dividend of 40 cents per share.

Portfolio Pulse from Adam Eckert

June 12, 2023 | 8:22 pm

METC

Ramaco Resources (NASDAQ:METC) announced the approval of a new dual-class share structure, creating Class B common stock. This new class will provide holders direct participation in the financial performance of the CORE Assets, consisting of three non-cost bearing revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:18 pm

MEI

Methode Electronics expects to report record net sales of $1.183 billion for fiscal 2023, a 2% increase from the prior year. However, the company experienced a significant impact on its earnings due to various factors, resulting in a lower EPS guidance of $2.10-$2.14 compared to the previous $2.50-$2.60.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:17 pm

CB

Chubb Limited's board has authorized a new share repurchase program of $5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:17 pm