Streetbeat News

Assets

DLTR

EAST

FARM

JVA

RAD

The article lists five oversold stocks in the consumer staples sector that present a buying opportunity. The stocks are Eastside Distilling, Inc. (EAST), Farmer Bros. Co. (FARM), Coffee Holding Co., Inc. (JVA), Rite Aid Corporation (RAD), and Dollar Tree, Inc. (DLTR). All these stocks have an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:31 pm

MSOS

AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) saw a sharp rise and traded about eight times its average daily options volume on Wednesday. Traders bought 1,950 of the January 6-calls at $1.17 and sold 3,900 of the January 10-calls at 42 cents. The market expects MSOS to reach the $10 level by January expiration.

Portfolio Pulse from Lisa Levin

August 31, 2023 | 12:28 pm

FXI

China's central bank has announced that the rate floor for second-home purchases will be adjusted to no lower than the Loan Prime Rate (LPR) plus 20 basis points.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:24 pm

INDA

India's Gross Domestic Product (GDP) for Q1 has increased by 7.8%, surpassing the estimated 7.7% and the prior 6.1%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:19 pm

MSFT

Microsoft has announced a new AI model, Turing Bletchley v3, that enhances Bing's image and language processing capabilities. The model is already in use, allowing users to search for images using context and descriptions in over 90 languages. The integration of this AI model has improved user engagement by 6%. Microsoft also plans to integrate the AI model into other products, including the Xbox gaming platform for player safety enforcement.

Portfolio Pulse from Rounak Jain

August 31, 2023 | 11:44 am

SUP

Superior Industries International, Inc. (NYSE:SUP) announced that its subsidiary, Superior Industries Production Germany GmbH, has entered into Protective Shield Proceedings, a court-administered reorganization. The company has developed a revised operating plan to reduce costs, enhance revenues, and better address customer needs. Superior expects to recognize a non-cash charge of $82M in Q3 FY23 related to this strategic action but reaffirms its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:40 am

CSIQ

Canadian Solar Inc.'s subsidiary, Recurrent Energy, has secured $112 million in project financing for its 160 MW North Fork Solar project, located 100 miles southwest of Oklahoma City. The project is expected to be operational in 2024.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:18 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed in green on August 30, despite economic data indicating a slowdown in the US economy. The S&P 500, Dow Jones, and Nasdaq all saw gains, with the largest increases in information technology and energy stocks. Asian markets were mixed, with gains in Japan and Australia, but losses in China and Hong Kong. European markets also saw mixed results, with gains in the STOXX 600 and DAX index, but a slight fall in France's CAC 40. Commodities saw crude oil rise, while natural gas, gold, silver, and copper fell. US futures were mixed, and the US Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 11:14 am

ADAG

Adagene has a cash balance of $128.8 million, which is expected to support its operations until late 2025.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:13 am

DLTH

Duluth Holdings Inc announced that CFO Dave Loretta will step down on September 15, 2023, to pursue another employment opportunity. The company has initiated a search for a permanent replacement. In the interim, Michael Murphy, the current Chief Accounting Officer, will serve as CFO.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:53 am