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NUZE

NuZee Inc's stock price fell by 43% after the company priced a $1.275 million underwritten public offering of 425,000 shares at $3.00 per share. Maxim Group LLC is managing the offering, which is expected to close around October 20. The underwriter also has a 45-day option to purchase up to 63,750 additional shares at the same price.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 4:13 pm

EA

The article provides a detailed comparison of Electronic Arts (NASDAQ:EA) with its competitors in the Entertainment industry. The analysis reveals that EA's PE, PB, and PS ratios are higher than its peers, suggesting a premium valuation. However, the company's ROE and revenue growth are also high, indicating strong profitability and potential for future expansion. On the downside, EA's EBITDA and gross profit are lower than the industry average, indicating potential challenges in cost management and profit generation.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:00 pm

SRE

Sempra Inc.'s (NYSE:SRE) share price is currently at $71.04, after a 0.67% increase. Despite a 4.62% fall over the past month, the stock has seen a 0.10% rise over the past year. Sempra's P/E ratio is lower than the Multi-Utilities industry average of 21.08, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 4:00 pm

NUZE

NuZee has priced a $1.275 million underwritten public offering of 425,000 shares of its common stock at a public offering price of $3.00 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:35 pm

NEXI

NexImmune, Inc. (NASDAQ:NEXI) has announced a 1-for-25 reverse stock split of the company's common stock, approved by the Board of Directors and stockholders. The reverse stock split will take effect after the close of trading on The Nasdaq Capital Market on October 18, 2023. The move is intended to increase the per share trading price of the company's common stock to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:30 pm

NVVE

Nuvve Corporation has announced the pricing of a $1 million underwritten public offering of approximately 7 million shares of common stock at a price of $0.14 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:30 pm

GLD

ITA

SPY

TLT

The yields on 30-year Treasuries crossed the 5% mark after President Joe Biden committed to an 'unprecedented support package for Israel.' Yields on 10-year Treasuries also rose, reaching 4.9%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) declined by 1.3%, extending its year-to-date decline to 18%. The SPDR Gold Trust ETF (NYSE:GLD) increased by 1.5% reflecting the increasing geopolitical risks in the Middle East. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), dropped by 0.5%. Defense stocks outperformed, with the iShares U.S. Aerospace & Defense ETF (NYSE:ITA) rising by 0.6%.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 3:15 pm

AAPL

HNHPF

NVDA

Nvidia Corp (NVDA) is expanding its partnership with Foxconn (HNHPF) to develop AI-powered data centers and robotics platforms. However, Wall Street analysts predict a negative impact on Nvidia due to the US embargo on China, which historically represents 20%-25% of NVDA's data center revenues. KeyBanc analyst John Vinh sees this as a long-term damage for NVDA, potentially presenting a ~$20 billion headwind. Bernstein analyst Stacy A. Rasgon and Raymond James analyst Srini Pajjuri, however, remain confident in the long-term Total Addressable Market (TAM), regardless of China's participation.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 3:03 pm

CTRYF

Chinese real estate company Country Garden Holdings Co. Ltd. (OTCPK: CTRYF) is struggling to meet offshore debt obligations, including a $15 million interest payment. The company's dollar-denominated bonds have fallen to 4 cents on the dollar. This comes amidst positive economic data from China, with Q3 GDP growth of 4.9% and retail sales up by 5.5% year-on-year in September 2023.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 3:02 pm

NCL

Northann Corp (NYSE:NCL) is set to start trading on the NYSE exchange under the ticker NCL on October 19. The company is offering shares at an expected price between $3.00 and $5.00 per share with an insider lock-up period of 180 days ending on April 16, 2024. Northann Corp is focused on additive manufacturing, commonly known as 3D printing, and the volume production of innovative building solutions.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 3:00 pm