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Assets

RCAT

Red Cat's subsidiary, Teal Drones, has been selected for a $750K manufacturing modernization grant from the State of Utah. This grant will likely be used to enhance Teal Drones' manufacturing capabilities and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:36 pm

ALB

FSI

MGIH

PACK

The article lists four materials stocks that are considered oversold and may present buying opportunities in Q4. These include Millennium Group International Holdings Limited (NASDAQ:MGIH), Flexible Solutions International, Inc. (NYSE:FSI), Albemarle Corporation (NYSE:ALB), and Ranpak Holdings Corp. (NYSE:PACK). The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all near or below 30.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:11 pm

PYPD

PolyPid (NASDAQ:PYPD) reported Q3 losses of $(3.40) per share, beating the analyst consensus estimate of $(4.16) by 18.27%. This is a 76.39% increase over losses from the same period last year. The company had cash and cash equivalents and deposits of $10.2 million as of September 30, 2023, which is expected to fund operations into late Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:10 pm

GIGA

Ault Alliance announced that its subsidiary, Gresham Worldwide, which is majority owned by Giga-tronics, has received $5.4M in contract orders.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:37 am

BEAM

Beam Therapeutics anticipates that its cash, cash equivalents, and marketable securities of $1B, along with upfront proceeds from Lilly, will fund its operating expenses and capital expenditure requirements until the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 11:33 am

VRSK

Verisk, a leading data analytics provider, estimates that the insured losses from Winter Storm Ciarán will range from €800 million to €1.3 billion. This estimation is based on the company's proprietary catastrophe models.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:55 am

EWG

Germany's 10-Year Bund auction yield has decreased to 2.640% from the previous 2.900%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:42 am

ATPC

AGAPE ATP Corporation has signed a memorandum of agreement to acquire a 51% stake in electric vehicle charger developer Volt Industries. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:56 am

AAPL

AMZN

BRK

Warren Buffett, CEO of Berkshire Hathaway, admitted to missing early investment opportunities in Amazon. Berkshire Hathaway began buying Amazon shares in 2019, owning around 10.55 million shares worth roughly $1.37 billion by Q2 2023. However, Apple remains the leading equity portfolio investment of Berkshire Hathaway, constituting nearly half of its $318.62 billion equity investment in five companies. If Berkshire had invested $1.07 billion in Amazon instead of Apple in 2016, it would be worth $5.1 billion now, compared to Apple's $7.03 billion.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 7:41 am

ARES

Ares Management has priced its $500M 6.375% senior notes due 2028. The notes will bear interest semi-annually and the net proceeds from the offering will be approximately $496.0 million. The company plans to use the proceeds for general corporate purposes, including debt repayment and funding growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:25 am