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FXI

SPY

VGK

China is considering easing foreign stake limits to attract global funds, as reported by Bloomberg. This move could potentially increase foreign investment in the country.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:38 am

AWK

American Water Works Company Inc's subsidiary, Pennsylvania American Water, has agreed to acquire Audubon Water Company for approximately $8 million. The deal will see an affiliate of Pennsylvania American Water merge with Audubon, and Audubon shareholders will receive AWK shares in exchange for their Audubon shares. Pennsylvania American Water plans to invest over $20 million into the system to upgrade aging water infrastructure within the first five years of ownership.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 10:30 am

GLD

SPY

UUP

US stock markets ended lower on Thursday, Sept. 21, with the Dow Jones, S&P 500, and Nasdaq Composite falling by 1.08%, 1.64%, and 1.82% respectively. US jobless claims dropped to 201,000, and the Q2 current account deficit narrowed to $212.1 billion. Asian markets were mixed, with Japan's Nikkei 225 falling, while Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Index rose. European markets were down, and commodities were trading higher. US futures were up, and the U.S. Dollar Index rose by 0.27%.

Portfolio Pulse from Akanksha Bakshi

September 22, 2023 | 10:20 am

ONDS

Ondas Holdings has announced the appointment of Yishay Curelaru as CFO, effective from September 19, 2023.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:05 am

PRPO

Precipio has implemented a 1-for-20 reverse stock split, which is now in effect. This action is typically taken by companies to increase the market price of their shares.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:56 am

STLA

TSLA

The ongoing auto strikes across the U.S. are influenced by Tesla's rise as the world's most valuable automaker and the industry shift to electric vehicles (EVs). Traditional automakers like General Motors, Ford, and Stellantis have been restructuring operations and investing billions globally in response to Tesla's success. This has led to a decline in 'green jobs' and a drop in UAW membership. Tesla's non-unionized labor structure and lower labor costs have spurred legacy automakers to seek cost-cutting measures and efficiencies.

Portfolio Pulse from Benzinga Neuro

September 22, 2023 | 8:59 am

DYNT

FFIE

MOND

NTWK

SCHL

Dynatronics Corporation (DYNT), Scholastic Corporation (SCHL), NETSOL Technologies, Inc. (NTWK), Mondee Holdings, Inc. (MOND), and Faraday Future Intelligent Electric Inc. (FFIE) are stocks to watch heading into Friday. DYNT is expected to report a quarterly loss, SCHL reported downbeat Q1 results, NTWK is expected to report its fiscal Q4 and full year results, MOND approved a $30 million share repurchase program, and FFIE named a new CEO and announced a management stock purchase plan.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 8:56 am

BABA

Alibaba Group Holding's logistics unit, Cainiao Network Technology, is reportedly preparing for its debut on the Hong Kong stock exchange, aiming to raise at least $1 billion through a share sale. This news has led to an increase in Alibaba's share price.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:36 am

VLVLY

The Election Committee of AB Volvo has proposed Pär Boman as the new Chairman and Board member, to be appointed at the Annual General Meeting in March 2024. Current Chairman Carl-Henric Svanberg has declined re-election.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:33 am

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced the pricing of its public offering of 1.8 million common shares at $2.50 per share, resulting in gross proceeds of approximately $4.5 million. The accompanying warrants have an exercise price of $2.50 per share and will expire five years following the date of issuance.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:29 am