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FXI

SPY

President Biden is hosting the APEC Leaders Retreat, an event that can be watched live on YouTube. The retreat may discuss economic policies affecting the Asia-Pacific region and potentially the global economy.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:32 pm

IBM

TSLA

Elon Musk's reply to an antisemitic post on Twitter has sparked backlash, drawing criticism from investors, advertisers, and the White House. IBM paused its Twitter advertising, which could impact Tesla's brand and share price. Tesla investor Ross Gerber and Citron Research expressed concerns over Musk's behavior affecting Tesla negatively. The EU is also targeting Twitter over misinformation, with Musk considering removing the platform from Europe.

Portfolio Pulse from Chris Katje

November 17, 2023 | 7:18 pm

AZN

SNY

The CDC has released over 77,000 additional doses of Beyfortus, an RSV drug developed by Sanofi and AstraZeneca, due to surging demand. Beyfortus was FDA-approved in July for preventing RSV in newborns and infants. The CDC and FDA are working to ensure availability for the rest of the year and early 2024. RSV cases have notably increased, with significant hospitalizations among children under five. Shares of AstraZeneca and Sanofi rose by 0.67% on the news.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 6:47 pm

AEO

American Eagle Outfitters Inc (NYSE:AEO) stock rose by 2.82% to $19.71 following strong earnings reports from Gap Inc and Ross Stores, suggesting a positive outlook for the retail and apparel sector. Gap's earnings per share of 59 cents exceeded expectations of 18 cents, with sales of $3.767 billion surpassing forecasts of $3.610 billion, despite a 7% year-over-year decrease. This performance may boost investor confidence in similar companies like American Eagle, potentially leading to a reassessment of AEO's future earnings expectations.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 6:28 pm

BLNK

CHPT

Blink Charging Co (BLNK) shares dropped by 10.5% following ChargePoint Holdings Inc's (CHPT) preliminary Q3 report indicating lower-than-expected revenue and the announcement of a new CEO. ChargePoint's revenue is projected to be between $108 million to $113 million, down from the forecasted $150 million to $165 million. The market pressures, delivery delays, and economic conditions affecting ChargePoint may reflect broader sector challenges, potentially impacting Blink Charging's future performance and investor sentiment.

Portfolio Pulse from Henry Khederian

November 17, 2023 | 6:00 pm

SPB

Spectrum Brands Holdings reported a year-over-year decline in Q4 revenue, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:08 pm

ERJ

Embraer's CEO has projected a revenue growth of approximately 20% for the company in 2024. This optimistic forecast is based on the company's current business trajectory and market conditions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:05 pm

DXLG

Destination XL Group, Inc. (NASDAQ:DXLG) shares dropped after reporting Q3 net sales of $119.19 million, missing analyst expectations of $120.75 million and showing an 8.1% decline. Comparable sales decreased by 6.7% Y/Y due to reduced store traffic and transaction values amid economic and inflationary pressures. The company's adjusted EPS of $0.07 met expectations, but gross margin and adjusted EBITDA fell compared to the previous year. Destination XL also lowered its full-year sales and adjusted EPS outlook, leading to a 7.90% decline in its share price to $4.32.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 4:56 pm

DSWL

Deswell Industries, Inc. (NASDAQ:DSWL) reported H1 2024 financial results with EPS of $0.22, up from a loss of $0.04 YoY. Net sales were down 15.1% to $37.7M from $44.4M YoY. Gross margins improved in both plastic and electronic segments due to lower raw material and labor costs, and renminbi depreciation. Net income was $3.6M compared to a net loss of $0.6M in H1 2023. The company has a strong financial position with $17.4M in cash and no debt.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:17 pm

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VRNOF

Senior analyst Pablo Zuanic from Zuanic & Associates has provided a valuation assessment of US Multi-State Operators (MSOs) in the cannabis sector, considering potential federal regulatory changes and state-level legalization trends. He uses a comprehensive methodology to calculate enterprise values (EV) for MSOs, including Acreage Holdings, Ascend Wellness, Curaleaf, Green Thumb Industries, Trulieve, Cresco Labs, and Verano. The analysis is based on factors such as share counts, net debt, and contingent liabilities. The US legal cannabis market is expected to grow significantly, from $18 million in CY20 to $40 million in CY27, indicating a positive outlook for MSOs.

Portfolio Pulse from Nicolás Jose Rodriguez

November 17, 2023 | 4:01 pm