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ASXC

Asensus Surgical has sold a Senhance Surgical System to Louis Turcanu Clinical Emergency Hospital for Children in Timisoara, Romania. This sale represents an expansion of Asensus Surgical's market presence and the adoption of their advanced robotic system in pediatric surgery.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 11:57 am

CPK

Chesapeake Utilities Corporation's subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son's in Cape Fear, North Carolina. The acquisition adds approximately 3,000 customers and 800,000 gallons of annual propane distribution to Sharp Energy's portfolio, along with a bulk plant with 60,000 gallons of propane storage. The financial terms were not disclosed, but the deal is expected to provide cost savings and synergistic benefits. CPK shares closed higher by 1.99% at $104.42 on Tuesday.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 11:56 am

BTC-USD

DOGE-USD

Cryptocurrency analyst Crypto Tony predicted a rally for Dogecoin (DOGE) if it surpasses the $0.106 level. Dogecoin whales have been active, with significant transfers to Coinbase. Galaxy Research suggests DOGE is making a comeback, up 77% from June lows but down 86% from peak highs. Analyst Ali Martinez sees $0.095 as strong support, with potential for DOGE to reach $0.14. Currently, DOGE is trading at $0.90, up 2.60% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 20, 2023 | 11:49 am

WOR

WS

Worthington Enterprises Inc (NYSE:WOR) reported Q2 FY24 sales of $1.086 billion, surpassing analyst estimates of $1.035 billion. The company recently spun off its Steel Processing business, Worthington Steel, Inc. (NYSE:WS), into a separate entity. The sales decline of 7.5% was mainly due to lower average selling prices in Steel Processing, partially offset by higher volumes. Gross profit rose 17% to $123.7 million, and the operating loss narrowed. Adjusted EPS of $0.78 beat estimates of $0.71. Worthington declared a quarterly dividend of $0.16 per share. WOR shares closed up 3.47% at $58.51.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 11:46 am

TSLA

Tesla Inc (NASDAQ:TSLA) has seen a significant increase in new vehicle registrations in the European Union, with a 115.8% surge from January to November compared to the same period last year. In November alone, Tesla registered 31,394 new cars, contrasting with Ford's 20.7% decline in registrations. Despite Tesla's growth, Volkswagen remains the top brand in the EU market. The overall car market in the EU is growing, with battery electric vehicles gaining popularity, although gas remains the most popular fuel choice.

Portfolio Pulse from Anan Ashraf

December 20, 2023 | 11:45 am

POL

Shares of Polished.com (POL) surged in premarket trading following a Form PX14A6G filing on Tuesday. Shareholder Jerald Hammann is calling for collaboration among concerned shareholders to enhance the impact of their actions regarding their investment in Polished.com.

Portfolio Pulse from Charles Gross

December 20, 2023 | 11:40 am

AAPL

BB

The article discusses the historical impact of Apple's decision to acquire NeXT and bring back Steve Jobs in 1996. It highlights the significant growth of Apple's stock price from $0.2098 in 1996 to $195.89 today, representing a nearly 934-fold increase. An initial investment of $1,000 in Apple then would be worth $933,605 today, compared to much lower returns from the Nasdaq and S&P 500 indices. The article also touches on Apple's future prospects, including the Vision Pro headset and AirPods, and mentions analyst predictions of Apple potentially reaching a $4 trillion market cap by the end of 2024.

Portfolio Pulse from Rounak Jain

December 20, 2023 | 11:36 am

SBUX

Starbucks Corporation's CEO, Laxman Narasimhan, addressed vandalism at stores following pro-Palestinian comments by Starbucks Workers United amid the Israel-Hamas conflict. The company is trying to halt boycott calls and has distanced itself from the union's remarks. Starbucks filed a lawsuit against the union for trademark infringement in October, emphasizing its stance against hate and violence. SBUX shares dipped slightly in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 20, 2023 | 11:27 am

CPNG

UBS analyst Jennifer Han downgraded Coupang (NYSE:CPNG) from Buy to Neutral and reduced the price target from $26 to $18.5, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 11:18 am

HEI

Morgan Stanley analyst Kristine Liwag has downgraded Heico (NYSE:HEI) from Equal-Weight to Underweight and reduced the price target from $184 to $174.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 11:16 am