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The stock market is moving up on news from the Middle East, with the 'momo' crowd buying stocks on statements from Iran and Hamas, and Israel's evacuation order in Gaza. Bank earnings from JPMorgan Chase, Wells Fargo, Citigroup, and PNC Financial Services are better than expected, as are earnings from UnitedHealth Group. The market is also responding to Novo Nordisk raising its growth targets and positive money flows in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. The momo crowd is selling gold and oil, while smart money is buying safe havens of dollar, Treasuries, gold, and silver.

Portfolio Pulse from The Arora Report

October 13, 2023 | 2:30 pm

AKRO

EDSA

PLTR

PLUG

TUP

Benzinga's Stock Whisper Index highlights five stocks that warrant attention for the week of Oct. 13, 2023. These include Edesa Biotech Inc (EDSA), which announced a reverse stock split and secured a financial commitment from Canada's government for a Phase 3 clinical study; Palantir Technologies (PLTR), which secured a $250 million contract from the U.S. Department of Defense; Akero Therapeutics (AKRO), which saw a sharp drop in shares after disappointing Phase 2b study results; Tupperware Brands Corp (TUP), which saw increased volatility and trading after amendments to an existing credit agreement; and Plug Power Inc (PLUG), which saw increased investor attention after updating its long-term revenue guidance.

Portfolio Pulse from Chris Katje

October 13, 2023 | 2:26 pm

LQR

LQR House has announced the pricing of a $5.4 million public offering of 28,421,053 shares of common stock at a price of $0.19 per share. This has led to a decrease in the trading price of its shares.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:18 pm

WFC

Wells Fargo CEO has announced plans to increase dividends and buyback shares, despite capital proposals. This indicates the bank's confidence in its financial stability and future growth.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:13 pm

SPY

WFC

Wells Fargo's CEO has stated that the U.S. economy continues to show resilience. No further details were provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:11 pm

USDTUSD

Stablecoin issuer Tether (CRYPTO: USDT) has announced the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex. The leadership shift is seen as a strategic move in the crypto space.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 1:56 pm

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DRPRF

GOOG

JPM

MSFT

NFLX

SAVA

TSM

UNH

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The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

VLCN

Volcon Inc. (NASDAQ:VLCN) has announced a 1-for-5 reverse stock split, effective from October 13, 2023. Post-split trading will commence on The Nasdaq Capital Market on October 16, 2023. The reverse split will reduce the number of outstanding shares from approximately 33.55 million to around 6.71 million, while the number of authorized shares will remain at 250 million.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:30 pm

MIND

MIND Technology, Inc. has announced a 1-for-10 reverse stock split. The company's common stock will begin trading on Nasdaq on a reverse split-adjusted basis when the market opens on October 16, 2023. The par value per share of the common stock will remain unchanged at $0.01.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:29 pm

UNH

UnitedHealth Group executive has stated that the company expects to add an additional 1 million people to its commercial insurance business in 2024. The company remains confident in its long-term growth objective of 13% to 16%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:12 pm