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MSGM

Motorsport Games has announced a direct offering of 460,830 shares at $2.17 each. Additionally, there will be a concurrent private placement of Series A and B warrants for an additional 460,830 shares each, pending stockholder approval. The closing is expected on July 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:46 pm

MCD

McDonald's Corporation (NYSE:MCD) declared a quarterly cash dividend of $1.67 per share, payable on Sept. 17. The company offers an annual dividend yield of 2.66%. To earn $500 monthly from dividends, an investment of approximately $225,811 is needed. McDonald's shares fell 0.8% to $251.46. The company will release its Q2 financial results on July 29, with expected earnings of $3.07 per share and revenue of $6.61 billion.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 12:46 pm

CBRE

CBRE Group shares are trading higher following an upgrade from Evercore ISI Group, which raised the stock rating from In-Line to Outperform and increased the price target from $100 to $123.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:45 pm

SPY

The Personal Consumption Expenditure (PCE) price index showed mixed readings in June, with a slight decline in annual inflation and steady core inflation. Personal income and spending also fell more than expected. These indicators support the likelihood of a Fed rate cut in September. Treasury yields declined slightly, while equity futures rose.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 12:44 pm

BAH

Booz Allen Hamilton shares are trading lower following a Q1 earnings miss and soft EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:43 pm

PMN

ProMIS Neurosciences reported positive top-line data from its Phase 1a clinical trial of PMN310, showing a favorable safety profile and tolerability across four ascending dose levels in healthy volunteers. The results suggest potential for target engagement in Alzheimer's disease patients.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:38 pm

EVRI

Everi shares are trading higher after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:37 pm

ONMD

OneMedNet Corporation (NASDAQ:ONMD) announced a $4.6M private placement with institutional investors, including affiliates of Off the Chain Capital and Discovery Capital Management. The funds will be used for working capital, general corporate purposes, and a $1.8M Bitcoin purchase.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:36 pm

WBUY

Webuy Global Ltd. (NASDAQ:WBUY) has received an extension of 180 days, until January 21, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:35 pm

MMM

3M Company (NYSE:MMM) reported better-than-expected Q2 2024 results, leading to a 6.82% increase in its stock price. The company raised its annual outlook, with adjusted EPS now expected to be between $7.00 and $7.30. Despite a slight decline in net sales, 3M saw growth in adjusted net sales and organic sales, along with improved operating margins.

Portfolio Pulse from Akanksha Bakshi

July 26, 2024 | 12:34 pm