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NURO

NeuroMetrix, Inc. (NASDAQ:NURO) is reviewing strategic options to enhance the growth of its Quell neuromodulation and DPNCheck neurodiagnostic businesses, aiming to maximize shareholder value. Options include marketing changes, asset acquisitions or sales, and potential mergers. Ladenburg Thalmann & Co. is advising in this process. No specific transaction or timeline is confirmed. The company aims to manage resources effectively while exploring growth opportunities, especially considering recent changes in Medicare Advantage risk adjustments.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 2:03 pm

BAC

Over the past 15 years, Bank of America (NYSE:BAC) has produced an average annual return of 14.11%, outperforming the market by 1.1% on an annualized basis. A $1000 investment in BAC 15 years ago would be worth $6,757.14 today. The company currently has a market capitalization of $261.42 billion.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:00 pm

ROST

Ross Stores (NASDAQ:ROST) has delivered an average annual return of 16.31% over the past 15 years, outperforming the market by 3.29% annually. An investment of $100 in ROST 15 years ago would be worth $959.80 today, showcasing the impact of compounded returns over time. Ross Stores currently has a market capitalization of $48.95 billion.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 2:00 pm

SSRM

SSR Mining has suspended operations at the Çöpler mine due to a large slip on the heap leach pad, which occurred on the morning of February 13, 2024. This suspension could impact the company's production output and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:51 pm

INTC

NVDA

SFTBY

TSM

Sam Altman, CEO of OpenAI, aims to revolutionize the semiconductor industry with a $7 trillion investment to build artificial general intelligence. This ambitious plan faces skepticism due to its scale and the current technological and resource limitations. Key industry players like Nvidia, Intel, and TSMC are investing in advanced chip manufacturing, essential for AI development. The global chip shortage and expertise deficit pose additional challenges. Altman's initiative aligns with broader efforts, such as the U.S. CHIPS Act, to enhance semiconductor capabilities and secure AI advancements.

Portfolio Pulse from Natan Ponieman

February 13, 2024 | 1:44 pm

EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) announced achieving 'Power On' status for all motion systems on its first state-of-the-art manufacturing line and expects Q4 revenue of $6.6M, a 148% increase from Q4 2022, and FY23 revenue of $16.4M, a decrease from FY22's $17.9M. The company transitioned to Eos Z3TM Cube, improving gross margin by 30-50% over the previous year, with an ending cash balance of $69.5M and an orders backlog of $534.8M as of December 31, 2023. Eos's manufacturing advancements and strategic transitions aim for cost-reduction benefits starting late Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:44 pm

CRSP

CRISPR Therapeutics announced a $280M registered direct offering at $71.50/share, led by EcoR1 Capital and SR One, with participation from both new and existing investors. This move aims to support ongoing clinical trials in oncology, cardiovascular, and diabetes, accelerate auto-immune and in vivo gene writing programs, and strengthen the balance sheet, resulting in a pro forma cash position of over $2.1 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:43 pm

ARBB

OMH

WCC

WESCO (WCC) shares dropped 16% after reporting Q4 FY23 earnings below expectations. Ohmyhome (OMH) surged 453% following an update on growth after acquiring Simply Sakal, reaching 6,746 units under management and over $2.7M in annual recurring revenue. Arb IOT Group (ARBB) shares increased 238% premarket after ARB Berhad disclosed a 28.38% stake in a 13G filing.

Portfolio Pulse from ryanfaloona@benzinga.com

February 13, 2024 | 1:36 pm

GP

GreenPower Motor Company Inc. (NASDAQ:GP) has secured a $5 million revolving loan from Export Development Canada (EDC) to fund the production of all-electric vehicles for customer orders. This facility, which allows for multiple advances over two years, adds to GreenPower's existing financial resources, including an $8 million operating line of credit and up to $5 million in standby letters of credit from EDC. The funding aims to accelerate the production of electric vehicles without shareholder dilution, supporting GreenPower's growth in the commercial electric vehicle market.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 1:33 pm

SPY

The USA Core Consumer Price Index (CPI) for January remained steady at 3.9%, matching the previous month's figure and slightly exceeding the estimated 3.7%.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:31 pm