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BODY

The Beachbody Company has entered into an agreement with institutional investors for a registered direct offering of 543,590 shares at $9.75 per share, aiming to raise approximately $5.30 million.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:52 am

KTB

Kontoor Brands has announced a new share repurchase program of up to $300 million, replacing the previous program from August 5, 2021. The company plans to fund the buybacks through operational cash flow.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:51 am

NAK

Northern Dynasty Minerals has announced a $15M convertible notes offering and a private placement of up to C$3.4M. The funds raised will likely be used to finance the company's operations and projects.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:50 am

VAPO

Vapotherm has notified the NYSE of its intention to voluntarily delist its common stock. The company is seeking to transfer its shares to the OTCQX, a trading platform for over-the-counter stocks.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:48 am

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are declining in premarket trading after an announcement that Lucid will be removed from the Nasdaq 100 Index. The removal is due to the annual reconstitution of the index, which considers factors like market capitalization and trading volume. Lucid has faced challenges with production and deliveries, leading to a significant drop in its stock price from post-IPO highs. The removal from the index could lead to further selling pressure as index-tracking funds may divest from the stock. In premarket trading, LCID's stock fell 6.43% to $4.43.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 11:45 am

BA

Boeing Co (NYSE:BA) is reportedly set to name Stephanie Pope as its new Chief Operating Officer. Pope's appointment could be announced as early as Monday, positioning her as a potential successor to CEO David Calhoun. Pope has been instrumental in Boeing's services division, which is currently the only profitable segment of the company. Other executives considered for the COO role will continue in their current positions. Boeing's shares are trading slightly lower in premarket.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 11:42 am

MBGYY

VWAGY

Huawei is reportedly in talks with Audi and Mercedes-Benz about potential investments in its smart car business, according to sources cited by Reuters. The discussions are part of Huawei's efforts to diversify its business amid US sanctions that have impacted its core telecom equipment and smartphone operations. The move into the smart car industry represents a strategic pivot for Huawei, leveraging its technological capabilities in a new sector.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:51 am

AES

BLBD

CASY

MLSS

ORCL

Investors are watching several stocks as U.S. futures trade mixed. Oracle (ORCL) is expected to report earnings of $1.32 per share on $13.05 billion revenue. AES (AES) raised its dividend, resulting in a slight stock increase. Casey's General Stores (CASY) is anticipated to report earnings of $3.73 per share on $4.06 billion revenue. Milestone Scientific (MLSS) announced a public offering, causing its stock to dip. Blue Bird Corporation (BLBD) is expected to post earnings of 48 cents per share on $290.11 million revenue, with its stock also declining after hours.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 9:42 am

CME

CME Group announced plans to merge its two non-deliverable forward (NDF) liquidity pools into a single trading venue on the EBS Market platform by October 2024, pending regulatory approval. This move aims to create a unified global trading environment, increase market efficiency, and reinforce EBS's position as a primary source of liquidity and price discovery for NDFs.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 8:02 am

SPY

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has issued a warning about the potential collapse of the S&P 500, which could impact millions of 401ks and IRAs. He has a history of predicting financial crises, including the 2008 Financial Crisis and the fall of Lehman Brothers and Credit Suisse. Despite the S&P 500's recent gains, Kiyosaki suggests that a stock market crash could be imminent, which would be detrimental to public funds invested in ETFs like the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 8:00 am