Hot Stocks: Financial stocks rise; BGRY, BLKB climb on M&A headlines; COIN slides

seekingalpha2023-03-28

Wall Street finished Monday with a mixed performance, although the S&P 500 had enough momentum to score its third consecutive day of gains and its fifth higher finish in the past six sessions. The Dow...

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The Dow...</p>\n\n<a href=\"https://seekingalpha.com/news/3951693-hot-stocks-financial-stocks-rise-bgry-blkb-climb-on-ma-headlines-coin-slides\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Stocks: Financial stocks rise; BGRY, BLKB climb on M&A headlines; COIN slides</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot Stocks: Financial stocks rise; BGRY, BLKB climb on M&A headlines; COIN slides\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-28 06:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3951693-hot-stocks-financial-stocks-rise-bgry-blkb-climb-on-ma-headlines-coin-slides><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street finished Monday with a mixed performance, although the S&P 500 had enough momentum to score its third consecutive day of gains and its fifth higher finish in the past six sessions. The Dow...</p>\n\n<a href=\"https://seekingalpha.com/news/3951693-hot-stocks-financial-stocks-rise-bgry-blkb-climb-on-ma-headlines-coin-slides\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4161","symbol_name":"工业机械","start_time":0,"source_url":"https://seekingalpha.com/news/3951693-hot-stocks-financial-stocks-rise-bgry-blkb-climb-on-ma-headlines-coin-slides","article_id":"2322402465","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/874979248/image_874979248.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2322402465","pubTimestamp":1679956696,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wall Street finished Monday with a mixed performance, although the S&P 500 had enough momentum to sc","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4161":"工业机械","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4534":"瑞士信贷持仓","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4585":"ETF&股票定投概念","LU0971096721.USD":"富达环球金融服务 A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4211":"区域性银行","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4132":"无线电信业务","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4550":"红杉资本持仓","BK4588":"碎股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SFTBY":"软银集团","COIN":"Coinbase Global, Inc.","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BLKB":"布莱克波特科技","KEY":"KeyCorp","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4589":"SVB概念","BK4551":"寇图资本持仓","BK4581":"高盛持仓","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4110":"抵押房地产投资信托","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4112":"金融交易所和数据","03160":"华夏日股对冲","LU0234572021.USD":"高盛美国核心股票组合Acc","BRK.B":"伯克希尔B","BGRY":"Berkshire Grey, Inc.","BK4176":"多领域控股","WAL":"阿莱恩斯西部银行","BK4539":"次新股","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4023":"应用软件","BK4554":"元宇宙及AR概念"},"translate_title":"热门股：金融股上涨；BGRY，BLKB登上M&A头条；投币滑道","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BGRY":1,"WAL":1,"SFTBY":1,"KEY":1,"FRC":1,"COIN":1,"BLKB":1,"BRK.B":0.89,"03160":0.6},"content_text":"Wall Street finished Monday with a mixed performance, although the S&P 500 had enough momentum to score its third consecutive day of gains and its fifth higher finish in the past six sessions. The Dow closed higher as well, rising by nearly 200 points, while the Nasdaq slipped. Financial stocks helped fuel the advance. This included a double-digit percentage rally in $First Republic Bank(FRC-N)$ (FRC), with gains also coming from MFA Financial (MFA), KeyCorp (KEY), PacWest Bancorp (PACW) and Western Alliance Bancorporation (WAL). Among individual stocks, M&A headlines drove gains in a couple of names. Berkshire Grey (BGRY) climbed on a takeover deal. Meanwhile, a rejected bid sent Blackbaud (NASDAQ:BLKB) to a new 52-week high. On the other side of the spectrum, weakness in the cryptocurrency market prompted a slide in Coinbase (COIN). Sector In Focus Financial stocks climbed on rising hope that the worst of the banking turmoil is now in the past. First Republic Bank (FRC) was among the standouts in the sector, jumping nearly 12%. The stock was helped by reports over the weekend that U.S. regulators were weighing an expansion of their emergency lending facility, which could give further support to troubled institutions, like FRC, which has dropped about 89% in the past month. Elsewhere in the financial sector, MFA Financial (MFA) rose 6%, KeyCorp (KEY) advanced 5%, PacWest Bancorp (PACW) climbed 3.5% and Western Alliance Bancorporation (WAL) pushed higher by 3%. Standout Gainer The signing of a takeover deal sparked a rally in Berkshire Grey (BGRY), with shares of the provider of materials handling systems soaring 20%. Under the agreement, Softbank (OTCPK:SFTBY) will acquire BGRY for a purchase price of $1.40 per share, or a total value of about $375M. The transaction is projected to close in Q3.  BGRY closed Monday's trading at $1.37, an advance of 23 cents on the session. This brought the stock back to levels it last saw in early March. Standout Decliner A slide in Bitcoin (BTC-USD) put pressure on stocks tied to the cryptocurrency space. This included a drop in Coinbase (COIN), which slumped almost 8%. Bitcoin (BTC-USD) retreated nearly 3% to fall below $27K. The decline took place amid signs of regulatory pressure, after cryptocurrency exchange Binance, along with its cofounder and CEO Changpeng \"CZ\" Zhao, was sued by the CFTC. The suit alleges certain violations of trading and derivatives rules. Dragged down by the general market slide, COIN dropped $5.29 to close at $62.54. The stock rose in the middle of the month, reaching its highest level since August. However, shares have been moderating lately, dropping almost 18% in the past week. Notable New High Blackbaud (BLKB) surged to a new 52-week high, jumping more than 10% after receiving a bid to be acquired by Clearlake Capital. Clearlake, which already owns about 18% of the cloud computing provider to nonprofits and educational institutions, offered to buy BLKB for $71 per share. In response, the company announced that it rejected the proposal, saying it \"fundamentally undervalues\" the firm. Following the offer, BLKB jumped to an intraday 52-week high of $66.75. Shares moderated a bit before the close but still finished the day at $63.93, a rise of $6.10 on the day. For more of the day's biggest winners and losers, head over to Seeking Alpha's On The Move section.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2322402465"}