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Bitcoin and Ethereum edged lower but remained above key levels. The S&P CoreLogic Case-Shiller 20-city home price index climbed 2.2% YoY in August. Arweave was the top gainer over the past 24 hours, while Render was the biggest loser. The global crypto market cap rose to $1.28 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 1:37 pm

IWM

XLC

The article discusses the uncertainty in the market, questioning whether it is a bull market or a bear market rally. It mentions the dip in the market, the reduction of the end-of-year target for the S&P 500 by Fundstrats Tom Lee, and the unstable inflation situation. The article also highlights the performance of the Russell 2000 ETF (IWM) and the SPDR ETF (XLC), suggesting a low risk appetite and potential continuation to the downside.

Portfolio Pulse from Thrash Capital

October 31, 2023 | 1:30 pm

BABA

BIDU

EIS

GLD

The ongoing Israel-Hamas conflict has entered its 25th day, with Israeli troops advancing into the Gaza Strip. Chinese tech giants Baidu Inc. and Alibaba Group Holding Ltd. have removed references to Israel from their online maps. The iShares MSCI Israel ETF had its most successful session of 2023, surging by as much as 4.2% on Monday. Gold, as tracked by the SPDR Gold Trust, was little moved, up 0.1% to $2,000/oz.

Portfolio Pulse from Piero Cingari

October 31, 2023 | 1:29 pm

SFM

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has announced the appointment of Curtis Valentine as the company's new Chief Financial Officer, effective from January 1, 2024. Valentine, currently the Senior Vice President of Finance at Sprouts, will succeed Lawrence Molloy, who plans to retire at the end of 2023. Valentine brings over 15 years of financial and retail experience to the role, having served in Sprouts' financial organization for over eight years.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:26 pm

ALNPY

EADSY

RTX

ANA Holdings Inc. plans to inspect Pratt & Whitney's PW1100G-JM engines installed on Airbus SE’s A320neo and A321neo aircraft due to potential issues in the manufacturing of internal engine parts. The inspections will lead to a reduction of approximately 30 flights per day from January to March 2024. RTX Corp, the parent company of Pratt & Whitney, saw its shares close lower by 0.75%.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 1:26 pm

PMCB

PharmaCyte Biotech, Inc. (NASDAQ:PMCB) is preparing for a meeting with the FDA to discuss the further development of its Cell-in-a-Box technology. The company is also evaluating potential opportunities for the use of its $74.6 million cash position. The Cell-in-a-Box technology, along with other potential delivery systems, provides a unique opportunity to treat patients with non-toxic chemotherapeutic prodrugs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:22 pm

HERTF

Heritage Cannabis Holdings Corp. (OTCQX:HERTF) has agreed to sell its real estate properties in Ontario and British Columbia to BJK Developments Ltd. for $9,714,475 and lease them back. The deal will reduce Heritage's term debt by about 64% to $5,256,379. The company also retains an option to repurchase the properties for two years. The remaining term financing has been extended to Jan. 31, 2025. Heritage also retains its revolving line of credit of up to $5 million with BJK.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 1:20 pm

ACN

Accenture (NYSE:ACN) has agreed to acquire OnProcess Technology, a provider of supply chain managed services. The acquisition will enhance Accenture's supply chain capabilities, specifically in asset recovery and service supply chain management. OnProcess specializes in reverse logistics for every step of the after-sales process, leveraging automation, AI and data-led decision-making. The combined solution will improve operational efficiency and enhance the customer experience, while supporting a more sustainable supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:19 pm

KTRA

Kintara Therapeutics (NASDAQ:KTRA) announced that its GBM AGILE study showed that VAL-083 did not perform better than the current standards of care in glioblastoma. As a result, the company is suspending the development of VAL-083 and shifting its focus to its REM-001 program and other strategic opportunities. The company also plans to conduct a review of potential strategic opportunities to maximize shareholder value. Kintara expects to enroll the first subject in a 15-patient CMBC study around the end of 2023, which is expected to be covered by a $2 million grant from the NIH.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:18 pm

PGY

RITM

Rithm Capital has partnered with Darwin Homes to form Adoor Property Management, LLC, a single-family rental management technology platform. The platform will utilize Darwin's technology to enhance resident experience and drive management efficiencies. Additionally, Pagaya has onboarded Rithm Capital to its network through its B2B2C rental product operated by Darwin.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:33 pm