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COUR

GBTC

TWOU

Federal Reserve Chairman Jerome Powell reiterated the possibility of further rate hikes, surprising the market despite his consistent messaging. A US Treasury auction performed poorly, indicating decreased demand for government debt, and Moody's downgraded the US debt outlook to negative. Trucking rates have dropped, but this is attributed to an oversupply of trucking companies rather than weak consumer demand. Grayscale's Bitcoin Trust (GBTC) may become an ETF following discussions with the SEC, and Coursera (COUR) outperformed 2U (TWOU) due to a more sustainable business model.

Portfolio Pulse from Gary Brode

November 15, 2023 | 2:29 pm

DIS

Disney's streaming service Hotstar set a new record with over 51 million viewers for a cricket match between India and New Zealand, surpassing its previous record of 44 million. Despite losing over 23 million subscribers in 2022, Disney is offering free streaming of ICC World Cup cricket matches in India. CEO Bob Iger is exploring options to continue operations in India, where TV business is profitable. Disney is in talks with entities like Reliance for its India business. Meanwhile, Viacom18, backed by Mukesh Ambani, is increasing competition for Hotstar by drawing talent from Star India and investing in streaming rights.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 2:15 pm

WISH

ContextLogic Inc. (Wish) has launched WishPost Smart Parcel, a Logistics as a Service product aimed at providing efficient shipping solutions for non-Wish merchants. The service leverages Wish's global logistics network, offering end-to-end delivery for small parcels. Initially, it will support shipments from China to several key destinations, including the US and various European and Asian countries. This follows Wish's introduction of flat rate shipping earlier in the year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:06 pm

USEA

United Maritime (NASDAQ:USEA) reported a significant increase in Q3 earnings per share (EPS) to $0.95, up from $0.08 YoY, and a 48.78% increase in sales to $11.68M from $7.85M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:03 pm

INMB

INmune Bio Inc. (NASDAQ:INMB) has expanded its Phase II clinical trial for Alzheimer's Disease to Europe and received a $2.8M cash refund from an Australian R&D tax incentive. The trial, which is already enrolling patients in Australia, Canada, and the UK, has shown promising results in a prior Phase I trial with decreases in neuroinflammation and improvements in brain structure. The EU expansion is part of a strategy to prepare for a global Phase III trial. The Australian tax refund will be reinvested into the company's clinical programs.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 2:02 pm

AENT

Alliance Entertainment's division Mill Creek Entertainment, in partnership with Pinnacle Peak Pictures and Tread Lively, announced successful pre-sales for the home entertainment release of THE BLIND. The film topped Amazon's pre-sales across all movies & TV, and is #1 in overall DVD sales and in the Faith/Spirituality category. It grossed over $17 million at the box office and is Fathom Events' highest-grossing release ever. THE BLIND, which tells the story of Phil Robertson's early life, is available on Digital, DVD, and Blu-ray.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:37 pm

DDD

3D Systems (NYSE:DDD) has received FDA 510(k) clearance for its NextDent Base material for 3D printing denture bases. This third-generation material offers high break resistance, accurate printing, and repeatable results. It is part of 3D Systems' portfolio of 30 unique NextDent resins, the largest from any dental 3D printing material supplier. The material has received positive feedback from dental professionals and is expected to contribute to the growing 3D-printed denture market, which is anticipated to reach over $2 billion by 2028. NextDent Base is available in four colors and is part of 3D Systems' digital dental workflow, which aims to improve speed, productivity, efficiency, and patient experience.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:31 pm

SPY

USA Retail Sales for October decreased by 0.1%, which is better than the estimated decline of 0.3%, but lower than the previous month's increase of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:31 pm

ALAR

Alarum Technologies Ltd. (ALAR), through its subsidiary NetNut Ltd., has been granted a U.S. patent for an innovative anonymous proxying method. The patent, No. 11,818,104, enhances traditional proxy services by using a 'reflector' method that avoids typical bottlenecks and security risks, providing a faster and more secure internet connection. This development strengthens Alarum's intellectual property portfolio and market position, offering a competitive advantage in internet access and web data collection.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 1:27 pm

NU

Nu Holdings Ltd (NYSE:NU) reported Q3 FY23 revenue of $2.14 billion, a 64% increase year-over-year, surpassing the $2.05 billion consensus. The growth was driven by customer acquisition and improved monetization in Brazil, with 5.4 million new customers added. The company's ARPAC grew by 18% Y/Y to $10.0, gross profit doubled to $915 million, and adjusted net income increased to $355.6 million from $63.1 million. Adjusted EPS was $0.07, beating the $0.06 consensus. NIM expanded to 18.8%, and deposits grew to $19.1 billion. The credit card and lending portfolios receivables rose to $15.4 billion. Despite the strong financial performance, NU shares dropped 1.47% to $8.70 in premarket trading.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 1:25 pm