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BABA

BILI

CNICF

JD

Chinese online retailers JD.com (NASDAQ:JD) and Bilibili Inc. (NASDAQ:BILI) are preparing for the upcoming Single's Day sales event on November 11. JD.com plans to hold a pre-sale event and expects to sell over 800 million items. Bilibili is partnering with JD and Alibaba (NYSE:BABA) to boost sales. China International Capital Corp Limited (OTC:CNICF) expects the sales event to increase earnings for the retailers. CICC gave Alibaba a price target of HK$137 and JD a price target of $44.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 1:28 pm

OWL

European private equity firm CVC Capital Partners, with €161 billion under management, is planning to go public in Amsterdam. The firm aims to create an entity that will sell shares to the public, allowing investors to partake in management fees and carried interest. This move will enable existing shareholders, including Singapore's GIC, the Kuwait Investment Authority, the Hong Kong Monetary Authority, and US asset manager Blue Owl Capital, to reduce their holdings. The IPO timing remains uncertain due to geopolitical factors.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 1:25 pm

NXU

Nxu has announced a public offering of 86 million shares of its common stock at $0.035 per share, aiming to raise $3 million.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:16 pm

GDYN

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has introduced its Generative AI Product Data Starter Kit, aimed at automating product catalog attribution and creating engaging product names and descriptions at scale. The kit addresses challenges in e-commerce by improving product attribution processes and creating personalized, on-brand product data. It also translates product data into multiple languages, enhancing customer acquisition and retention, and increasing revenue.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:50 pm

AEE

NEE

SRE

The most accurate Wall Street analysts recommend buying three high-yielding utility stocks: Ameren Corporation (AEE), Sempra (SRE), and NextEra Energy, Inc. (NEE). These stocks have dividend yields of 3.21%, 3.38%, and 3.51% respectively. Recent news for these companies include Ameren's better-than-expected Q2 results, Sempra Infrastructure's new president appointment, and NextEra Energy's deal to sell Florida City Gas for $923 million.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 12:46 pm

AENT

Alliance Entertainment (AENT) reported Q4 fiscal 2023 net revenues of $247M, a decrease of 7% compared to the same period in 2022. The company's gross profit increased by 6% to $30.2M, and net loss was $1.7M, compared to a net loss of $4.6M in 2022. The company also highlighted several operational achievements, including a $4M public offering, partnerships with Future Today and Atari, and record-breaking vinyl sales on Record Store Day. Despite economic challenges, the company sees opportunities for growth through acquisitions, enhancing DTC relationships, and expanding product offerings.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:45 pm

GBTC

Grayscale Investments, the world's largest crypto asset manager, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to register shares of Grayscale Bitcoin Trust (GBTC) under the Securities Act of 1933. GBTC plans to list the shares on NYSE Arca under the symbol GBTC, and issue the shares on an ongoing basis upon approval of NYSE Arca's application.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 12:39 pm

CASS

Cass Information Systems has been authorized to repurchase up to 500,000 shares of its common stock.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:39 pm

CUEN

Cuentas, Inc. (NASDAQ:CUEN) has announced significant management changes, including the appointment of Mr. Shlomo Zakai as Chief Financial Officer and Mr. Adiv Baruch as Strategic Business Officer. These changes come in anticipation of a future acquisition and product launch. Mr. Zakai brings extensive experience in the financial sector and a track record in publicly traded companies on the Nasdaq Stock Market and in OTC Markets.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:36 pm

MULN

Mullen Automotive Inc. (MULN) has filed a preliminary proxy statement with the SEC for a special stockholders' meeting on Dec 15, 2023, to authorize a reverse stock split of the company's common stock at an exchange ratio between 1-for-2 to 1-for-100. The primary focus will be to maintain a continued price of at least $1.00 per share on The Nasdaq Capital Market. The reverse stock split will only be implemented if necessary to regain compliance with Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 12:33 pm