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NNDM

SSYS

Nano Dimension (NNDM) has reaffirmed its opposition to the merger between Stratasys (SSYS) and Desktop Metal (DM), joining a growing consensus that includes large shareholder Donerail and proxy advisor ISS. Critics argue the deal will be highly dilutive, requiring Stratasys to pay a premium and provide financial support to Desktop Metal, while offering limited upside. They also accuse the Stratasys board of governance malpractice for approving a deal to issue shares at less than half the price of a prior all-cash offer, which they rejected.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:17 pm

CRWD

NNN

NXPI

On CNBC's 'Halftime Report Final Trades', Jenny Harrington recommended NNN REIT, Inc. (NYSE:NNN) for its 6.1% dividend yield. Jim Lebenthal suggested NXP Semiconductors N.V. (NASDAQ:NXPI) as a bargain after recent pullbacks in the semiconductor sector. Josh Brown recommended CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as his final trade. NNN REIT recently priced a public offering of $500 million of 5.600% senior unsecured notes due 2033. NXP reported Q2 earnings of $3.43 per share, beating the consensus estimate. CrowdStrike saw multiple analysts raise price targets after several announcements at Fal.Con 2023.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 12:53 pm

BABA

MLGO

MicroAlgo Inc. announced a new backtracking search algorithm, causing its shares to surge by 42%. Alibaba Group Holding's shares also rose by 4.75% amid reports of its logistics unit, Cainiao Network Technology, preparing for a Hong Kong stock exchange debut with a minimum of $1 billion via share sale.

Portfolio Pulse from ryanfaloona@benzinga.com

September 22, 2023 | 12:46 pm

ALK

ASUR

DRVN

FREY

The article lists four industrials stocks that are currently oversold and could present a buying opportunity. These include Driven Brands Holdings Inc. (NASDAQ:DRVN), Alaska Air Group, Inc. (NYSE:ALK), FREYR Battery (NYSE:FREY), and Asure Software, Inc. (NASDAQ:ASUR). The companies have recently made significant moves such as share repurchase, better-than-expected earnings, redomicile, and secondary offering.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:40 pm

NTWK

NETSOL Technologies has projected its FY24 revenue to be between $61M-$63M, indicating a YoY growth of 16%-20%. The company's markets in the Asia-Pacific region and Europe remain strong, and it has several potential licensing deals in the pipeline. Despite not being satisfied with current results, NETSOL is confident in its strategy for long-term, sustainable growth.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:37 pm

MCD

McDonald's is set to increase its franchise royalty fees for new U.S. restaurants from 4% to 5%, the first hike in nearly 30 years. The change, effective from Jan. 1, will not affect existing franchisees maintaining their current footprint or buying a franchised location from another operator. However, new franchisees, buyers of company-owned restaurants, and relocated restaurants will be affected. The move may face backlash due to McDonald's strained relationship with its U.S. franchisees.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:36 pm

BTM

Bitcoin Depot, a cryptocurrency ATM operator, has announced a $10 million share repurchase program. The company aims to return value to its shareholders through this initiative.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:32 pm

GCT

GigaCloud Technology Inc (NASDAQ:GCT) has announced the expansion of its global footprint with three new warehouse leases in the US and Germany. The warehouses, which will commence operations in October 2023, will increase the company's total warehousing space by 20.7% in the US and 47.8% in Germany. This expansion is driven by the growth of GigaCloud's B2B marketplace.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:27 pm

BABA

JPM

KWEB

MCHI

Alibaba's logistics arm, Cainiao Network Technology, is preparing for an IPO on the Hong Kong stock exchange, causing Alibaba's stock to rally. The IPO could position Cainiao as one of the first units of Alibaba to go public. The company aims to raise at least $1 billion through the share offering. Alibaba's stock also rose in line with the broader indexes iShares MSCI China ETF and KraneShares Trust KraneShares CSI China Internet ETF. Alibaba has also postponed the Hong Kong IPO of its Freshippo grocery chain due to the current lukewarm reception of consumer stocks in China.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 12:26 pm

CTIB

Yunhong Green CTI LTD. has announced a corporate name change and a change in its Nasdaq ticker symbol from 'CTIB' to 'YHGJ', effective from September 25, 2023. The new name reflects the company's global presence and its goal of bringing patented advanced materials to the North American market to enhance environmental sustainability. The company is developing compostable, biodegradable, and recyclable components for its existing and expanding product lines.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:07 pm