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MA

Sherri Haymond, Executive Vice President for Digital Partnerships at Mastercard, will be a featured speaker at Benzinga's Fintech Deal Day & Awards on Nov. 13 and the Future of Digital Assets conference on Nov. 14. Haymond has been instrumental in developing and commercializing solutions such as mobile payments, tokenization, open banking, and more. Last month, Xbox partnered with Barclays and Mastercard to onboard its own credit card. Haymond emphasized the rise of Banking as a Service (BaaS) and embedded finance, trends that she believes will persist in the foreseeable future.

Portfolio Pulse from Khyathi Dalal

October 12, 2023 | 3:38 pm

INMD

InMode Ltd's shares have dropped by over 20% following the company's Q3 guidance, which is below estimates, and a reduction in FY23 revenue guidance. The company attributes the lower guidance to an expected economic slowdown impacting platform sales, higher interest rates, tighter leasing approval standards, and bottlenecks in loan processing. Despite these challenges, InMode does not anticipate any interruption to production.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 2:46 pm

CHPT

ChargePoint Holdings Inc's shares are trading lower by 3.28% after the company announced it has secured a commitment from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company is raising funds through an 'at-the-market' offering and a $150 million revolving credit facility to achieve adjusted EBITDA profitability by the fourth fiscal quarter of the following year. ChargePoint also plans to modify the terms of their notes with the lead investor, extending the maturity date to April 1, 2028, and adjusting the conversion price to $12.00 per share.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 2:33 pm

ASTI

Ascent Solar Technologies has significantly reduced its outstanding debt to $1.7 million.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:47 pm

PLUG

Shares of Plug Power, Inc. (NASDAQ:PLUG) have been underperforming, with CNBC Mad Money host Jim Cramer voicing concerns about the company's financial losses. The company's stock, which once topped $1,500, now trades at around $7. Morgan Stanley analyst Andrew Percoco has given the stock an Equal-Weight rating and a $10 price target, citing negative near-term risk-reward. The company is also facing project delays and is seeking additional financing.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 7:37 am

BTCUSD

SNAP

Former FTX CEO, Sam Bankman-Fried, had expressed concerns about competition from Binance, raising funds from a Saudi Crown Prince, and buying stocks of Snap Inc., ahead of the crypto exchange's collapse, as revealed in court testimonies by ex-Alameda CEO, Caroline Ellison. Ellison also disclosed her role in preparing seven different balance sheets for Genesis, months before the company's bankruptcy.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 6:34 am

PPC

Pilgrim's Pride has announced early tender results for its offer to purchase $850M 5.875% Senior Notes due 2027. The company is making this move as part of its financial strategy.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:26 am

ID

Parts ID and its subsidiary, Parts ID, LLC, have entered into a definitive restructuring support agreement to restructure their indebtedness with certain trade vendors.

Portfolio Pulse from Charles Gross

October 11, 2023 | 9:04 pm

IYR

OPEN

RKT

Z

Investor Anthony Pompliano warns that housing affordability in the U.S. has become a national crisis, with Goldman Sachs' home affordability index at its lowest in 26 years. Mortgage rates have risen to 8%, the highest in 20 years, leading to higher monthly payments. The real estate and housing industry have been negatively impacted, with Zillow Group, Opendoor Technologies, and Rocket Companies seeing significant stock declines. The iShares US Real Estate ETF is also down 7% YTD.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:30 pm

SPY

The Federal Open Market Committee (FOMC) minutes reveal that the majority of Federal Reserve officials believe one more rate increase is appropriate.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:03 pm