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LVO

LiveOne (NASDAQ:LVO) pre-announced its Slacker subsidiary's results, expecting to deliver a record 6-months revenue of $31.5M and adjusted EBITDA of $9.1M. The company also raised its FY24 guidance for Slacker's revenue to $63M-$66M, with $17M-$19M of adjusted EBITDA. Slacker's pipeline expands to 25 Blue Chip Partnerships potentially adding new revenue streams across 5 different verticals. LiveOne will host a special investor Slacker webcast on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:17 pm

RKT

Rocket Mortgage, a part of Rocket Companies (NYSE:RKT), announced advancements to its Pathfinder tool, an AI and machine learning-powered search engine used by mortgage bankers, brokers, and underwriters. The tool is used by over 40,000 housing professionals to simplify mortgage processing complexities.

Portfolio Pulse from Charles Gross

October 30, 2023 | 5:12 pm

CSCO

DDOG

GOOG

GOOGL

MSFT

SPLK

Wells Fargo analyst Andrew Nowinski downgraded Datadog Inc (DDOG) from Overweight to Equal-Weight and lowered the price target from $120 to $95. The downgrade is based on cost optimization trends, FY24 consensus revenue estimates not aligning with management's historical guidance trends, Datadog's potential to gain share following Cisco Systems' acquisition of Splunk Inc, and Datadog's new AI-based solutions. Nowinski projects Q3 revenue of $523 million vs. consensus $524.16 million and EPS of $0.34.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 5:09 pm

ADM

Archer-Daniels-Midland Company (NYSE:ADM) has partnered with Solugen to scale a range of plant-based specialty chemicals and bio-based building block molecules in a new manufacturing facility in Marshall, Minnesota. The facility will use dextrose from ADM to scale its current line of lower-carbon organic acids and develop molecules to replace existing fossil fuel-based materials. The parties are also planning to explore commercialization opportunities of the biomaterials.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 4:53 pm

SAIA

Saia, Inc. (NASDAQ:SAIA) has opened its eighth terminal this year in Scarborough, Maine, marking its first in the state. The new location will allow Saia to offer more direct coverage as demand for its shipping services continues to grow in the Northeast. The company has also recently moved into new terminals in Salt Lake City, Utah and Colorado Springs, Colorado.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:39 pm

CSIQ

Canadian Solar Inc (NASDAQ:CSIQ) plans to establish a 5 GW Solar photovoltaic cell production facility in Jeffersonville, Indiana, with an investment of over $800 million. The company expects to create around 1,200 high-tech jobs by 2025. The facility is expected to produce 5 GW annually, which will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas. Last week, CSIQ's subsidiary CSI Solar Co., Ltd won a supply and integration contract for 1 GWh DC of energy storage solutions for DEPCOM Power, Inc. and Tucson Electric Power (TEP) in Arizona.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 4:37 pm

AAPL

AMC

CMCSA

The movie adaptation of the video game 'Five Nights at Freddy's' topped the domestic box office with $78 million, beating Taylor Swift's concert film 'The Eras Tour'. The movie was released by Universal, a unit of Comcast Corporation (NASDAQ:CMCSA), and simultaneously released on the Peacock streaming service. The Taylor Swift concert film, distributed by AMC Entertainment Holdings Inc (NYSE:AMC), came in second place for the weekend with $14.7 million. Ranking third for the weekend was 'Killers of the Flower Moon', a film from Apple Inc (NASDAQ:AAPL).

Portfolio Pulse from Chris Katje

October 30, 2023 | 4:33 pm

WEAV

Weave (NYSE:WEAV), a platform for small and medium-sized healthcare practices, has introduced AI-driven voicemail transcriptions to its platform. The new feature is available to Weave's 27,000+ customers and allows for efficient, visible, and private reading experiences. The company's report indicates that 65% of consumers are open to providers using AI tools in their practices, and 75% of healthcare providers believe that AI is likely to become a prevalent tool in healthcare.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:32 pm

RVPH

Reviva Pharmaceuticals announced that its pivotal Phase 3 RECOVER trial evaluating the efficacy, safety and tolerability successfully met its primary endpoint. This positive news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:18 pm

META

MSFT

Instagram, owned by Meta Platforms Inc, is set to introduce a Threads API, which will allow developers to create diverse applications and experiences. The API will simplify the process for developers to tailor features specifically for a platform. The absence of APIs on Threads previously forced publishers to upload content manually. Meta revealed that Threads has nearly 100 million monthly active users.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 4:16 pm