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ADC

Agree Realty has priced an upsized public offering of 4.4 million common shares at $74 per share. The company has entered into forward sale agreements with Citibank and Wells Fargo for these shares, with the potential to increase to 5.06 million shares if underwriters exercise their option.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:35 am

SEPN

Septerna has priced its upsized IPO at $18 per share, raising $288 million from 16 million common shares. The offering is expected to close on October 28, 2024, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:31 am

TSLA

Tesla's energy segment saw significant growth in Q3, leading to leadership changes including the promotion of Mike Snyder to VP of Energy and Charging. The energy segment's revenue grew by 52% year-over-year, with a record gross margin of 30.5%. Tesla plans to double its energy storage deployment in 2024.

Portfolio Pulse from Anan Ashraf

October 25, 2024 | 6:26 am

MOLN

Molecular Partners has announced a $20 million underwritten offering of 3,642,988 American Depositary Shares (ADS) at a price of $5.49 per ADS.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:25 am

ETHUSD

SOLUSD

Solana outperformed Ethereum by 19% over the past week, with Solana's price increasing by 13.65% while Ethereum's price decreased by 4.63%. Despite Ethereum's recent underperformance, analysts remain optimistic about its long-term potential due to its foundational role in L2 networks.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 6:22 am

SNY

Sanofi has upgraded its 2024 business EPS guidance to at least low single-digit growth at constant exchange rates, reflecting strong performance. The guidance excludes Opella, and currency impact is estimated to be -5.5% to -6.5%.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:07 am

NVDA

Nvidia's market cap has surged to $3.5 trillion, surpassing the combined market caps of Germany and Italy. This reflects a broader trend of foreign investment in the U.S. stock market. Nvidia's growth is driven by its expansion in AI and global markets, impacting investment strategies worldwide.

Portfolio Pulse from Kaustubh Bagalkote

October 25, 2024 | 5:18 am

JOBY

Joby Aviation has announced a public offering of 40 million common stock at $5.05 per share, aiming to raise $202 million. The proceeds will be used for certification, manufacturing, and preparation for commercial operations. The offering is expected to close on October 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:51 am

IBIT

MSFT

MSTR

Microsoft shareholders are pushing for an assessment of investing in Bitcoin, citing the cryptocurrency's strong performance and the success of MicroStrategy, which holds significant Bitcoin assets. The board advises against this proposal, stating that the company has already considered cryptocurrencies in past evaluations.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 4:11 am

FFND

GOOGL

NVDA

TSLA

Gary Black, Managing Partner of The Future Fund LLC, highlighted Tesla's underperformance as the largest negative contributor to his fund since January 2022, with a 34% decline. Despite this, Black remains bullish on Tesla. The Future Fund Active ETF (FFND) has seen a 16.84% return year-to-date, with top holdings like NVIDIA and Alphabet showing significant gains.

Portfolio Pulse from Kaustubh Bagalkote

October 25, 2024 | 3:57 am