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GDC

GDEV

PALT

The article highlights three oversold stocks in the communication services sector with potential for recovery: GD Culture Group Ltd (GDC), Paltalk Inc (PALT), and GDEV Inc (GDEV). GDC announced a strategic partnership to expand its AI creator community, PALT received a favorable court judgment in a patent lawsuit, and GDEV received an analyst rating upgrade with a higher price target.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 1:41 pm

BYRN

Byrna Technologies shares are declining as traders circulate a short report from Bonitas Research. The report may have raised concerns among investors, leading to a negative impact on the stock price.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:00 pm

MCD

McDonald's CEO issued an apology regarding an E. Coli outbreak linked to the company, expressing regret for the impact on customers. This incident may affect McDonald's reputation and customer trust in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:41 pm

SHIP

Seanergy Maritime Holdings Corp. announced that the High Court of the Republic of the Marshall Islands dismissed litigation brought by Economou's Sphinx Investment Corp. The court also dismissed Sphinx's motion to delay Seanergy's 2024 Annual Meeting. Seanergy's board recommends shareholders vote for the company's nominees and against Economou's proposals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:24 pm

HPQ

NOK

Nokia has signed a multi-year patent license agreement with HP, resolving all patent litigation between the two companies. HP will make royalty payments to Nokia for the use of its video technologies.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:19 am

GE

India is set to impose penalties on General Electric (GE) due to delays in the delivery of fighter jet engines. This development could impact GE's financials and reputation, especially in defense contracts.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:58 am

IDCC

InterDigital, Inc. has signed a global license agreement with OPPO Group, covering OPPO, realme, and OnePlus devices. This deal, along with existing agreements with Apple, Samsung, and Xiaomi, allows InterDigital to cover 70% of the global smartphone market. The agreement also resolves all pending litigations between InterDigital and OPPO.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:03 am

AMZN

GOOGL

MSFT

Microsoft accuses Google of orchestrating covert lobbying campaigns to undermine its cloud business, alleging Google recruited small European providers for this effort. Microsoft claims Google is funding studies critical of its practices and has filed complaints with the European Commission.

Portfolio Pulse from Kaustubh Bagalkote

October 29, 2024 | 7:50 am

JPM

JPMorgan Chase & Co is suing customers who exploited a technical flaw to withdraw funds from ATMs before checks bounced, known as the 'infinite money glitch'. The bank has filed lawsuits in three federal courts and is investigating thousands of potential cases. JPMorgan's CEO, Jamie Dimon, also criticized recent regulatory efforts.

Portfolio Pulse from Benzinga Neuro

October 29, 2024 | 2:39 am

APA

Apache Corporation faced a major setback with its Alpine High project, leading to a $3 billion write-down and a 93% stock price drop. The company misled investors about the site's viability, resulting in a $65 million settlement. Apache has since shifted focus to other projects.

Portfolio Pulse from Stan Vick

October 28, 2024 | 7:08 pm