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Equity Actions

ARCC

Ares Capital Corp (NASDAQ:ARCC) reported Q2 2023 revenues of $634 million, beating the consensus of $622.05 million. Interest income from investments rose to $476 million from $319 million a year ago. Adjusted EPS of $0.58 surpassed the street estimate of $0.57. The company made new investment commitments of around $1.2 billion. The company's board of directors authorized an amendment to its share repurchase program, boosting the total authorized amount to $1.0 billion from $500 million. Ares Capital has declared a third quarter 2023 dividend of $0.48 per share.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 12:37 pm

BSGM

BioSig Technologies, Inc. (NASDAQ:BSGM) has raised $2.2 million in seed funding for its subsidiary, BioSig AI Sciences, Inc. (BAIS). The funds will be used to advance the research and development of an artificial intelligence (AI) medical device platform. The market for AI in healthcare is expected to reach $272.9 billion by 2030.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:33 pm

SMX

Security Matters (SMX) has entered into a Sales Cooperation Agreement with Data Vault Holdings. The agreement allows each party to introduce potential clients to the other on a non-exclusive basis, with a commission on income from any transaction between a party and an introduced client for 48 months. The companies also plan to collaborate on advancing Data Vault's Web 3.0 strategies using SMX's digital blockchain platform.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 12:30 pm

DFLI

FATH

MKFG

SCX

TORO

The article lists five industrials sector stocks that are considered overbought, indicating a potential opportunity to short these companies. The stocks include Markforged Holding Corporation (MKFG), Fathom Digital Manufacturing Corporation (FATH), Dragonfly Energy Holdings Corp. (DFLI), Toro Corp. (TORO), and The L.S. Starrett Company (SCX). All these companies have a Relative Strength Index (RSI) value above 70, which typically indicates overbought conditions.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:27 pm

BAX

Baxter International Inc. has announced that its proposed spinoff of its renal care and acute therapies businesses will be named Vantive. The spinoff is expected to launch as an independent, publicly traded company by July 2024 or earlier.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:17 pm

SOUN

Soundhound AI has filed for a mixed shelf offering of up to $400 million.

Portfolio Pulse from Charles Gross

July 25, 2023 | 12:05 pm

NMTC

NeuroOne Medical has priced its underwritten registered public offering of 5.25 million shares at $1.00 per share.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 12:03 pm

INNPF

Innocan Pharma Corporation plans to complete a non-brokered private placement of up to 17.22 million units at a price of CA$0.23 per unit, raising up to CA$3.96 million ($3 million). The offering is expected to close on or around July 20, 2023. The proceeds will be used for working capital and general corporate purposes. The securities will be subject to a hold period of four months and one day from the date of issuance.

Portfolio Pulse from Vuk Zdinjak

July 25, 2023 | 11:46 am

APPH

BRCC

EL

SMFL

ZIVO

The article lists five oversold stocks in the consumer staples sector that could be potential investment opportunities. These include The Estée Lauder Companies Inc. (EL), Smart for Life, Inc. (SMFL), ZIVO Bioscience, Inc. (ZIVO), BRC Inc. (BRCC), and AppHarvest, Inc. (APPH). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30. The companies have experienced various events such as price target downgrades, compliance with Nasdaq listing requirements, direct offerings, better-than-expected sales, and Chapter 11 filings.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:29 am

GM

General Motors' CFO has announced that the automaker is planning additional cost cuts of $1B for 2023 and 2024, raising the target for that period to $3B.

Portfolio Pulse from Charles Gross

July 25, 2023 | 11:26 am