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DBVT

DBV Technologies has announced the appointment of Virginie Boucinha as its new Chief Financial Officer, effective from November 6, 2023. She will replace Sébastien Robitaille, who is leaving the company to pursue other opportunities. Boucinha will report directly to CEO Daniel Tassé and serve as a member of the Executive Committee.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:19 am

FBK

HDB

NVFY

PFE

SCHW

Charles Schwab, Pfizer, FB Financial Corporation, Nova Lifestyle, and HDFC Bank are the stocks to watch heading into Monday. Charles Schwab is expected to report quarterly earnings of 75 cents per share on revenue of $4.66 billion. Pfizer lowered its full-year revenue outlook by 13% due to weaker-than-expected covid-19 sales. FB Financial Corporation is expected to have earned 69 cents per share on revenue of $122.89 million. Nova Lifestyle filed for a mixed shelf of up to $55 million. HDFC Bank is expected to report quarterly earnings of 45 cents per share.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 5:36 am

TSLA

Tesla Inc (NASDAQ:TSLA) has posted a job opening for a Country General Manager in Santiago, Chile, sparking speculation about the company's potential entry into the South American market. The job posting indicates that the role will be crucial in launching the market. Tesla has also posted two other on-site job openings in Chile for a Tesla Advisor and Service Technicians. This move suggests that Tesla has significant plans for the Latin American market.

Portfolio Pulse from Anan Ashraf

October 16, 2023 | 2:44 am

AMGS

AMGSU

GVH

PAPL

Four companies are set to go public this week, according to Benzinga Pro. Prospect Energy Holdings Corp (NASDAQ:AMGSU and NASDAQ:AMGS) will be offering 7,500,000 shares each at $10.00 per share. Pineapple Financial Inc (NASDAQ:PAPL) will be offering 875,000 shares at $5.00 per share. Globavend Holdings Limited (NASDAQ:GVH) will be offering 1,875,000 shares at $4.50 per share. All companies have an insider lock-up period of 180 days.

Portfolio Pulse from Benzinga Insights

October 15, 2023 | 10:15 pm

GRPN

NVDA

NVO

TFC

WFC

Barron's has highlighted several stocks in its weekend review. Truist Financial Corp (TFC) is preparing for potential activist investor interest by selling its insurance stake and reshuffling its board. Wells Fargo & Co (WFC) is planning workforce cuts despite a resurgence in its wealth business. Groupon's (GRPN) stock jumped 16% on a 'Buy' rating with a $30 target. Novo Nordisk (NVO) raised its 2023 sales and profit outlook due to strong demand for its products in the U.S. Nvidia Corp's (NVDA) accelerated innovation in AI chips has led to a 'Buy' rating and $650 price target.

Portfolio Pulse from Justin Chan

October 15, 2023 | 5:39 pm

TIP

Ark Invest founder Cathie Wood argues that innovation-induced price declines are leading to a deflationary trend, despite a Tesla bear refuting her argument. Wood cites the steep drop in EV prices as an example of this trend. However, Tesla bear Gordon Johnson suggests that the price drop is due to a demand-supply mismatch rather than innovation. The iShares TIPS Bond ETF (NYSE:TIP) ended Friday’s session up 0.65% at $103.64.

Portfolio Pulse from Shanthi Rexaline

October 15, 2023 | 4:42 pm

ARKK

TSLA

Ark Invest, managed by Cathie Wood, sold Tesla shares worth $20.67 million last week through its Ark Innovation ETF. Despite the sale, Tesla remains ARK's top holding with a 10.46% weighting in the fund's portfolio. Tesla is set to report its Q3 results this week, with analysts expecting a decrease in earnings per share but a 10% increase in revenue year-over-year.

Portfolio Pulse from Shanthi Rexaline

October 15, 2023 | 3:40 pm

TSLA

Ahead of Tesla's Q3 earnings, Future Fund Managing Partner Gary Black suggests that Tesla should initiate a $10B stock buyback to prop up the sagging stock. He estimates a free cash flow of $53 billion over the next five years, even after Tesla funds investments in full-self driving, new Gigafactories, bots or any other capital expenditures. A $10 billion buyback over three years would offer a 38% return of the future free cash flow to shareholders without touching the existing $22 billion cash on the balance sheet.

Portfolio Pulse from Shanthi Rexaline

October 14, 2023 | 8:59 pm

AAPL

AMC

AMZN

BTCUSD

LCID

TSLA

Benzinga's weekly review of investor favorites included bullish views on Bitcoin, Apple, and Amazon, and bearish views on Tesla, Lucid Group, and AMC Entertainment. Anthony Scaramucci predicted Bitcoin could reach $150K-$250K with the launch of Bitcoin ETFs. Apple is expected to use Resin Coated Copper for the iPhone 17's mainboard, potentially leading to a slimmer device and cost-saving benefits. Amazon's NFL broadcast rights are seeing success with record viewership. Tesla warned of a likely reduction in the Model 3's tax credit. Lucid Group has yet to announce its Q3 delivery numbers, causing investor concern. AMC CEO Adam Aron was the victim of an extortion attempt.

Portfolio Pulse from Michael Cohen

October 14, 2023 | 1:20 pm

TSLA

President Joe Biden has announced $7 billion in funding for hydrogen hubs to develop clean hydrogen as an alternate energy source. This move counters Tesla Inc. CEO Elon Musk's skepticism about hydrogen as an energy source for vehicles. The Biden administration has selected seven regional clean hydrogen hubs to receive the funding, which is expected to catalyze over $40 billion in private investment and create tens of thousands of jobs.

Portfolio Pulse from Anan Ashraf

October 14, 2023 | 1:01 pm