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TGLS

Tecnoglass Inc (TGLS) has announced its entry into the vinyl window market, which is expected to double its addressable market. The company has signed a long-term supply agreement with a global manufacturer for vinyl frame profiles. The move is expected to diversify its revenue base. Production and deliveries of the vinyl window products are expected to start in November 2023. The company has invested $25 million for this venture, which is expected to generate approximately $300 million in annual revenues over time. TGLS shares are trading higher by 4.50% at $35.38.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 4:47 pm

NVAX

Novavax Inc (NASDAQ:NVAX) shares are trading higher by 3.9% amid rising COVID-19 cases in the U.S. The increase in cases and concerns about variants may lead to a demand for booster shots, potentially increasing the market demand for Novavax's vaccine. This could significantly improve Novavax's financial outlook and drive the stock price higher. Novavax has a 52-week high of $37.27 and a 52-week low of $5.60.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 4:31 pm

INTC

Intel's upcoming 14th-gen CPUs are expected to be priced higher than the current 13th-gen processors, according to leaked information. The top-tier Core i9-14900K could see a price increase of $95, making it more expensive than the already pricey 13900K. The new chips are expected to be only 3% faster than their predecessors, leading to concerns that the minor performance improvements may not justify the higher costs.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:15 pm

OGI

Organigram Holdings Inc. has launched its first line of THCV products under the SHRED and Trailblazer brands. The company has strategically invested in Phylos Bioscience, a US-based cannabis genetics company, to gain a competitive edge in the cannabis sector. Organigram cultivates and extracts THCV at its Moncton facility, making it the only licensed Canadian producer to do so. The company holds exclusive Canadian rights to Phylos' THCV cultivars.

Portfolio Pulse from Nicolás Jose Rodriguez

August 28, 2023 | 4:07 pm

MRNA

Moderna Inc's stock is trading higher by roughly 2% amid rising COVID-19 cases in the U.S. The increase in cases could lead to higher demand for vaccines, potentially driving higher sales of Moderna's vaccine doses. Additionally, if booster shots are recommended to combat new variants or waning immunity, Moderna's stock could rise further.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 4:03 pm

AGIL

FFIE

GDC

HE

HT

NVCR

U.S. stocks traded higher with the Dow Jones gaining over 150 points. Hersha Hospitality Trust (NYSE:HT) announced a merger with KSL Capital Partners, causing its shares to rise by 56%. Hawaiian Electric Industries (NYSE:HE) shares rose by 35% after the company responded to a lawsuit. GD Culture Group Limited (NASDAQ:GDC) shares rose by 64% after the launch of a live-streaming e-commerce business on TikTok. However, AgileThought (NASDAQ:AGIL) shares dropped by 29% after a downgrade from Buy to Sell. NovoCure Limited (NASDAQ:NVCR) shares fell by 33% after a failed trial, and Faraday Future (NASDAQ:FFIE) shares fell by 25% after a reverse stock split.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 4:03 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) has received a multiunit vehicle purchase order from NRTC Automation Group for three all-electric commercial Class 3 Mullen trucks, with deliveries expected to begin in Q4 2023. Mullen recently produced its first Mullen THREE at its Mississippi facility and plans to gradually ramp up production to 3,000 vehicles a year, with a potential increase to 6,000 vehicles per year. MULN shares are currently down by 13.45%.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 3:55 pm

BSX

Boston Scientific's stock (NYSE:BSX) has risen by 6.25% to $53.92 due to positive results from the ADVENT study on Farapulse Pulsed Field Ablation, a system for heart tissue ablation in atrial fibrillation patients. The system is expected to receive approval by next year. Boston Scientific, which also produces pacemakers, defibrillators, and stents, is benefiting from an aging population.

Portfolio Pulse from The Arora Report

August 28, 2023 | 3:43 pm

MLCO

Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) has implemented NORDAQ's water purification and bottling solution across its global property portfolio. The move is part of Melco's sustainability strategy to replace single-use plastic bottles with refillable glass bottles. The NORDAQ system has been installed in 43% of Melco's hotel rooms and three restaurant outlets in Macau and Manila, eliminating over 1.4 million single-use plastic bottles.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 3:43 pm

SBUX

SPY

The article discusses the impact of the introduction of the Pumpkin Spice Latte on Starbucks Corporation's (NASDAQ:SBUX) stock performance. Since its launch in 2003, the product has sold hundreds of millions of units and has significantly contributed to the company's success. An investment of $1,000 in Starbucks stock at the time of the product's introduction would be worth $16,247.50 today, representing a hypothetical return of 1,524.8%. In comparison, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $6,194.12 today, a return of 519.4%.

Portfolio Pulse from Chris Katje

August 28, 2023 | 3:31 pm