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Equity Actions

KRT

Karat Packaging Inc. (NASDAQ:KRT) announced the retirement of its COO, Joanne Wang, effective December 1, 2023. Wang will also leave her seat on the company's board. The company has appointed Daniel Quire as Chief Revenue Officer, a newly created position. Quire was previously the company's Vice President of Sales.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:10 pm

FXI

Evergrande's wealth unit has announced that it is unable to repay investors this month, according to Reuters. This news may have implications for the iShares China Large-Cap ETF (FXI), which has exposure to Evergrande.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 12:07 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) has appointed John Vesco, a seasoned multi-modal transportation expert, to its Board of Directors. Vesco's extensive executive leadership within prominent transportation and supply chain organizations, including Hub Group and Schneider, is expected to contribute significantly to Nikola's strategic growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:58 am

OLLI

Ollie's Bargain Outlet has raised its FY2023 adjusted EPS guidance from $2.56 - $2.65 to $2.65 - $2.74, and its sales guidance from $2.05B - $2.07B to $2.076B - $2.091B. The company also expects to open 44 new stores, increase comparable store sales by 4.0% to 4.5%, and maintain a gross margin of 39.1% to 39.3%.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:35 am

PHIN

PHINIA Inc. (NYSE:PHIN) has announced a quarterly cash dividend of $0.25 per common share, payable on September 22, 2023. The company also announced a $150 million share repurchase program, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:32 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed in green on August 30, despite economic data indicating a slowdown in the US economy. The S&P 500, Dow Jones, and Nasdaq all saw gains, with the largest increases in information technology and energy stocks. Asian markets were mixed, with gains in Japan and Australia, but losses in China and Hong Kong. European markets also saw mixed results, with gains in the STOXX 600 and DAX index, but a slight fall in France's CAC 40. Commodities saw crude oil rise, while natural gas, gold, silver, and copper fell. US futures were mixed, and the US Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 11:14 am

CIEN

Ciena (NYSE:CIEN) has announced the appointment of Mary G. Puma to its Board of Directors, effective immediately.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:06 am

PSNY

Polestar, a Swedish electric vehicle manufacturer, expects to deliver between 60,000 and 70,000 vehicles in 2023, with a gross margin of 4%. PSNY, the SPAC that is taking Polestar public, is directly mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 11:06 am

UGI

UGI Corporation (NYSE:UGI) has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. The review will focus on the LPG businesses and aims to reduce UGI's earnings volatility and strengthen its balance sheet. The company has engaged Goldman Sachs & Co. LLC and J.P. Morgan Securities, LLC as advisors. UGI shares traded higher by 7.40% at $24.83 premarket Thursday.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 11:05 am

TITN

Titan Machinery has revised its growth forecast for its Construction Segment Revenue, now expecting a 5-10% increase, down from the previous flat-up 5% prediction. The company also anticipates a 5-10% rise in Europe Segment Sales, a decrease from the earlier 8-13% range.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 10:52 am