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MAMA

Mama's Creations (NASDAQ:MAMA) reported Q3 earnings with an EPS of $0.05, beating estimates by 25% and showing a revenue increase of $2.95 million from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a slight increase in share price.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 9:30 pm

ACB

CARA

CGC

CRBP

GNLN

GRWG

OGI

UGRO

On December 12, 2023, several cannabis stocks experienced significant price movements. Mojave Brands, GrowLife, and Affinor Growers were among the top gainers, with Mojave Brands closing up over 101 million percent. Conversely, Choom Holdings and EVIO were among the top losers, both closing down 99%. Notable US-listed companies that saw price changes include Urban-gro, Corbus Pharmaceuticals, Cara Therapeutics, GrowGeneration, Canopy Growth, OrganiGram Holdings, Greenlane Holdings, and Aurora Cannabis.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 9:30 pm

RSLS

ReShape Lifesciences Inc. has received FDA PMA supplement approval for its next-generation Lap-Band 2.0 FLEX, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:28 pm

VTVT

VTv Therapeutics (VTVT) has regained compliance with Nasdaq's minimum bid price requirement by maintaining a closing stock price above $1.00 per share, as notified by Nasdaq according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:25 pm

TLT

U.S. Treasury auctions are showing signs of stress as primary dealers are taking a larger share due to fading foreign demand. Yields have spiked to 16-year highs, with primary dealers covering more of the auctions than usual. The bid-to-cover ratios remain solid, indicating good demand, but yields are slightly higher than expected. The iShares 20+ Year Treasury Bond ETF (TLT) has gained 12% since October 23. The U.S. government faces a record debt issuance in 2024 to cover its budget, service its deficit, and redeem matured bonds, which could stress-test Treasury demand.

Portfolio Pulse from Neil Dennis

December 12, 2023 | 9:25 pm

EMKR

EMCORE Corporation (NASDAQ:EMKR) reported Q4 earnings with an EPS of $-0.03, surpassing the estimated $-0.08 by 62.5%. Revenue increased by $1.20 million compared to the same period last year. Despite missing EPS estimates last quarter, EMCORE's share price increased by 21.67% the following day. The company's past earnings performance shows a pattern of not meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 9:25 pm

BABA

XPEV

Alibaba Group Holding Limited has amended its 13D filing to report a 12.5% stake in XPeng Inc. as of December 6, 2023, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:23 pm

KIM

RPT

RPT Realty shareholders have overwhelmingly approved the mergers with Kimco Realty Corporation, with 99.8% of votes in favor. The mergers are set to close on January 2, 2024, subject to customary closing conditions. RPT common shareholders will receive 0.6049 Kimco shares for each RPT share, and RPT Preferred Shareholders will receive Kimco Class N Preferred Stock on a 1:1000 basis. Post-merger, the combined company will trade under the ticker 'KIM' on the NYSE, and RPT's shares will be delisted.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:20 pm

AMD

AVGO

Broadcom Inc. (NASDAQ:AVGO) shares increased following a November pullback, resuming their upward trend in December after announcing the completion of VMware Inc. acquisition and releasing mixed Q4 financial results with an earnings win, revenue miss, but a positive full-year outlook and dividend increase. The stock received an additional boost from a Citigroup analyst's Buy rating and $1100 price target. A partnership with Caltech for quantum science research and general chip sector momentum, partly due to Advanced Micro Devices, Inc. (NASDAQ:AMD) announcements, also contributed to the positive sentiment.

Portfolio Pulse from Ryan Gustafson

December 12, 2023 | 9:20 pm

LPTV

Loop Media reported a Q4 2023 EPS of $(0.15), an improvement from $(0.28) YoY. However, their revenue of $5.7M fell short of the estimated $5.880M.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 9:18 pm