Streetbeat News

Stock Prices

ABBV

AbbVie has advised its shareholders to reject Tutanota LLC's unsolicited 'mini-tender' offer to purchase up to 250,000 shares of AbbVie common stock at $165 per share. The offer is conditional on AbbVie's stock price exceeding the offer price and may be extended until this condition is met.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:11 pm

AFCG

IIPR

NLCP

REFI

The article discusses the financial performance and investment potential of cannabis-focused REITs such as Innovative Industrial Properties (IIPR), NewLake Capital Partners (NLCP), and Chicago Atlantic Real Estate Finance (REFI). These REITs are showing strong growth and high yields, yet they are undervalued compared to industry averages, suggesting potential investment opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 14, 2024 | 8:10 pm

GOLF

Acushnet Holdings Corp has entered into an agreement with Magnus Holdings to purchase up to $62.5 million of its common stock from Magnus under its existing $1 billion share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:09 pm

AMZN

Amazon has been ordered to pay $122 million for infringing on targeted advertising patents owned by AlmondNet Inc. A Texas jury ruled against Amazon in this patent case.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:07 pm

NDRA

ENDRA Life Sciences shares are trading higher following a 13G filing that revealed S.H.N. Financial Investments Ltd. has acquired a 9.99% passive stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:07 pm

NDRA

ENDRA Life Sciences' recent 13G filing reveals that S.H.N. Financial Investments Ltd. has acquired a 9.99% stake in the company as of June 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:07 pm

AAPL

AVGO

GME

MSFT

NVDA

TSLA

Inflation cooled in May, leading to record highs for the S&P 500 and Nasdaq 100, driven by tech giants like Apple, Nvidia, and Microsoft. Broadcom saw a significant surge due to strong earnings and AI chip demand. GameStop shares rose after Keith Gill increased his holdings, and Tesla moved its incorporation to Texas.

Portfolio Pulse from Piero Cingari

June 14, 2024 | 8:06 pm

CCL

CUK

NCLH

RCL

SPY

The Nasdaq reached a record high, but consumer sentiment fell below expectations. Cruise stocks, including Carnival Corporation (CCL), Carnival plc (CUK), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Group (RCL), declined after Bank of America highlighted softer June pricing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:06 pm

BITF

BTDR

10x Research highlights significant gains in Bitcoin mining stocks like Bitfarms and Bitdeer but advises cautious optimism due to Bitcoin's failure to break critical resistance levels and challenges in the mining sector. Strategic timing and risk management are recommended.

Portfolio Pulse from Khyathi Dalal

June 14, 2024 | 8:05 pm

SPY

TSLA

Tesla shareholders approved a new $56 billion compensation plan for CEO Elon Musk, replacing the voided 2018 plan. Since the original plan's approval, Tesla shares have risen 727.7%, significantly outperforming the SPDR S&P 500 ETF Trust (SPY). The new plan ties Musk's compensation to market capitalization and operational milestones.

Portfolio Pulse from Chris Katje

June 14, 2024 | 8:05 pm