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PSTG

Wedbush analyst Matt Bryson has maintained an Outperform rating on Pure Storage (NYSE:PSTG) but has reduced the price target from $45 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:16 pm

MSFT

Microsoft Corp's President Brad Smith downplayed the possibility of developing super-intelligent AI within the next year. Despite the hype following OpenAI's ChatGPT release, Smith believes Artificial General Intelligence (AGI) is years, if not decades, away. He stressed the importance of safety in AI development. OpenAI, backed by Microsoft, aims to generate over $1 billion in revenue from AI software and computing capacity sales in the next year. Microsoft shares saw a slight decrease of 0.03% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 2:16 pm

BCRX

The correct ticker symbol for BioCryst Pharmaceuticals is BCRX, not BXRX as may have been previously mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:13 pm

BON

Bon Natural Life Limited (NASDAQ:BON) announced a breakthrough in converting glucoraphanin into sulforaphane for broccoli extract products. The new compound system enhances transformation rate, bioavailability, and reduces costs, leading to rapid market expansion and longer shelf life. BON plans to launch Broclife® health supplements targeting sleep, digestive, and immune health. The CEO anticipates this innovation to drive substantial growth and shareholder value, with a market potential of tens of millions of dollars over three years.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:13 pm

BBW

Build-A-Bear Workshop Inc (NYSE:BBW) reported a slight increase in Q3 FY23 sales but missed analyst expectations, with sales of $107.6 million versus the consensus of $108.1 million. EPS was $0.53, beating the estimate of $0.51. E-commerce demand grew by 7.1%, and gross profit rose by 4.2% Y/Y. However, the company lowered its FY23 revenue outlook from 5%-7% to 3%-5% and adjusted its capital expenditure forecast. Following the report, BBW shares dropped by 10.90% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 2:13 pm

FIVE

Wells Fargo analyst George Kelly has maintained an Overweight rating on Five Below (NASDAQ:FIVE) and increased the price target from $205 to $215.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:12 pm

BIG

Big Lots Inc (NYSE:BIG) reported a decline in Q3 FY23 sales by 14.7% to $1.027 billion, missing estimates slightly. Comparable sales decreased by 13.2%. However, gross margin expanded to 36.4%, and operating income was $19.7 million, compared to a loss the previous year. Adjusted EPS loss was smaller than expected. The company completed a sale and leaseback transaction, resulting in $306 million in proceeds, and reiterated its Q4 outlook with expected improvements. BIG shares rose by 7.08% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 2:12 pm

SB

Safe Bulkers, Inc. (NYSE:SB) has announced a stock repurchase program to buy back up to 5 million shares of its common stock, representing about 4.5% of outstanding shares and 8.1% of its public float. The repurchase program is not obligatory and can be modified or terminated at any time. Purchases will be made on the open market in compliance with laws and regulations, specifically within the safe harbor provisions of Regulation 10b-18. The repurchases will be funded using Safe Bulkers' existing cash resources.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:04 pm

BRLI

NUKK

Nukkleus, Inc. (OTC:NUKK) has completed a merger with Brilliant Acquisition Corp (NASDAQ:BRLI), valued at $105 million. The merger positions Nukkleus to expand its digital asset solutions, including a 5% interest in a regulated Bitcoin ETF in Europe, blockchain-enabled payment solutions, digital asset custody and settlement, and AI-driven analytics. The combined entity will operate under the ticker NUKK on the Nasdaq Capital Market, focusing on growth in digital asset services.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:03 pm

VFS

VinFast Auto Ltd (NYSE:VFS) stock rose after announcing it will showcase its VF 9 EV at the UN climate change summit, COP28. The Vietnamese EV maker will participate as part of the Vietnamese delegation. The VF 9 EV is their high-end model with advanced technologies and a range of 330 miles. VinFast, which has seen volatile trading since its Nasdaq debut, was trending on Stocktwits.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 2:03 pm