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BBLG

Trading in shares of Bone Biologics (BBLG) has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:40 pm

PNRG

PUMP

RES

SBOW

SJT

Benzinga Insights identifies value stocks in the energy sector with low P/E ratios, suggesting potential undervaluation. PrimeEnergy Resources (PNRG) saw an EPS increase from $3.82 to $4.13. RPC (RES) reported a decrease in EPS from $0.3 to $0.08 and a slight dividend yield increase. ProPetro Holding (PUMP) experienced a slight decrease in EPS from $0.34 to $0.31. San Juan Basin Royalty (SJT) reported a decrease in EPS from $0.17 to $0.08 and a small drop in dividend yield. SilverBow Resources (SBOW) had a significant EPS increase from $1.1 to $2.94. Value stocks may take time to rebound and carry the risk of not doing so.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 2:39 pm

BBLG

Shares of Bone Biologics (BBLG) were halted on a circuit breaker after experiencing a significant price increase of 14.2%.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:37 pm

VLD

Velo3D Inc (NYSE:VLD) stock price fell after announcing a registered direct offering of 36 million shares and warrants at $0.50 per share. The warrants are exercisable at $0.565 and expire in five years. The company expects to raise $18 million for working capital, capital expenditures, and general corporate purposes. The offering is expected to close on December 29. Concurrently, Velo3D amended the note for its senior secured notes due 2026. CEO Brad Kreger highlighted strategies to improve cash flow, profitability, and new business pipeline for 2024.

Portfolio Pulse from Adam Eckert

December 28, 2023 | 2:37 pm

BONKUSD

BSVUSD

BTCUSD

ETHUSD

ICPUSD

Ethereum (ETH) saw a significant increase, surpassing the $2,400 level following U.S. jobless claims data, which showed a rise to 218,000. Bitcoin (BTC) experienced a slight uptick, trading above $42,700. Bitcoin SV (BSV) and Internet Computer (ICP) were among the top gainers, while Bonk (BONK) was the biggest loser. The global crypto market cap increased by 0.8% to $1.69 trillion.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 2:36 pm

AMTD

AMTD IDEA Group (NYSE:AMTD) reported a 47.4% increase in net assets to $1.5B and an 8.6% rise in total revenue to $128M for the first half of 2023. The company, which operates in financial services, digital media, entertainment, and hospitality, showed resilience despite global economic challenges. Revenue growth was driven by acquisitions, including L'Officiel and AMTD Assets. The company also announced the migration of its headquarters to Paris, France, and the establishment of AMTD World Media and Entertainment Group. Additionally, AMTD IDEA secured new share subscriptions at a premium and entered into agreements for asset disposals and restructuring.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:31 pm

BABA

JD.com Inc (NASDAQ:JD) shares are rising after a Bloomberg report revealed plans to nearly double the salaries of its front-line staff and increase retail staff salaries by 20%. The move follows internal calls for change and significant human resource expenses last quarter. JD is also benefiting from broader market movements, with Chinese stocks rising on news of China's central bank planning to increase financial support for enterprises. JD's revenue growth was stronger than expected last quarter, and e-commerce sales growth is anticipated to improve through 2024.

Portfolio Pulse from Adam Eckert

December 28, 2023 | 2:22 pm

CPA

HNI

MSM

Wall Street's top analysts recommend buying three industrial stocks with dividend yields over 3%: HNI Corporation, Copa Holdings, and MSC Industrial Direct. These stocks are favored for their high free cash flows and dividends. HNI's price target was raised by Benchmark analyst Reuben Garner, and Sidoti & Co.'s Gregory Burns upgraded the stock. Copa Holdings had capacity and passenger traffic increases, and Raymond James' Savanthi Syth raised its price target. MSC Industrial Direct's sales growth led Loop Capital's Chris Dankert to upgrade the stock and raise the price target, while Baird's David Manthey also increased the target.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 2:19 pm

CAUD

ITRM

NTWK

RVP

Insiders at Iterum Therapeutics, Retractable Technologies, Collective Audience, and NetSol Technologies have recently made notable purchases of their companies' stocks, all priced under $3. These transactions may signal insider confidence in the companies' prospects. Iterum Therapeutics regained Nasdaq compliance, Retractable Technologies reported an operational loss, Collective Audience appointed a new CEO, and NetSol Technologies saw an increase in quarterly sales.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 2:18 pm

APLE

Apple Hospitality REIT has acquired the SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, which equates to around $251,000 per key.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:16 pm