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AULT

RGF

RVP

TURN

Insider transactions indicate confidence in penny stocks, with notable purchases in 180 Degree Capital (TURN), Retractable Technologies (RVP), Ault Alliance (AULT), and The Real Good Food Company (RGF). TURN's Alicia M Gift bought shares amid a Discount Management Program. RVP's Thomas J Shaw invested as the company reported an operational loss. AULT's Milton C. Ault III made a significant purchase while exploring options for undervaluation. RGF's Bryan T Freeman bought shares following a debt refinancing agreement to enhance liquidity.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 11:53 am

GOOG

GOOGL

META

SNAP

Meta Platforms, Inc (META) is enhancing its election safeguards for the 2024 elections across major democracies. The company has invested $20 billion in safety and security since 2016, employing 40,000 personnel. Meta's strategy includes advanced AI, an extensive fact-checking network, transparency around political ads, and a one-week block on new political ads before U.S. elections. Alphabet Inc (GOOG, GOOGL) and Snap Inc (SNAP) have also taken steps to prevent misinformation, with Google introducing AI ad tools and Snap barring political ads. META shares closed 1.28% higher at $338.99.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 11:53 am

GM

General Motors Corp. (NYSE:GM) stock surged over 5% in premarket trading after the company reinstated its full-year 2023 earnings guidance, which had been withdrawn due to a UAW strike. The guidance accounts for a $1.1 billion impact from the strike. GM also announced a $10 billion accelerated share repurchase program and plans to increase its common stock dividend by 33% starting January 2024. CEO Mary Barra expressed confidence in strong profits for 2023 and efficient cost management for the future. The company expects 2023 capital spending to be at the lower end of its prior guidance.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 11:52 am

KKR

KKR & Co. Inc. (NYSE:KKR) has reached a definitive agreement to acquire the remaining 37% stake in Global Atlantic Financial Group LLC for $2.7 billion in cash, which will increase KKR's ownership in the insurance company to 100%.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:51 am

FL

Foot Locker anticipates a decrease in Q4 FY23 sales by 2.0%-4.0% and a more significant drop in comparable sales by 7.0%-9.0%.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:51 am

FL

Foot Locker has updated its FY23 guidance, expecting a smaller decrease in comparable sales of 8.5%-9.0% compared to the previously forecasted 9.0%-10.0% decline.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:50 am

SWTX

HC Wainwright & Co. analyst Robert Burns has reaffirmed a Buy rating on SpringWorks Therapeutics (NASDAQ:SWTX) and increased the price target from $64 to $73.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:50 am

FL

Foot Locker has updated its FY23 sales forecast, now expecting a decrease of 8.0%-8.5%, which is a slight improvement from the previous guidance of a decrease of 8.0%-9.0%.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:49 am

FL

Foot Locker reported an 8.0% decrease in Q3 comparable-store sales, attributed to ongoing consumer softness, a changing vendor mix, and a 3% negative impact from the repositioning of Champs Sports.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:47 am

FL

Foot Locker reported Q3 adjusted EPS of $0.30, surpassing the $0.25 estimate, and sales of $1.99B, slightly above the $1.97B estimate. However, these figures represent a significant decrease from the same period last year, with earnings down 76.38% and sales down 8.47%.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 11:46 am