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MMAT

Meta Materials received a letter from Nasdaq on November 27, informing the company that Nasdaq has decided to delist its common stock from the Nasdaq Capital Market, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:36 pm

VIVK

Vivakor reported a Q3 EPS loss of $(0.14), a 55.56% increase in losses compared to $(0.09) in the same quarter last year. However, sales rose to $16.31M, a 38.66% increase from $11.77M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:33 pm

WHR

Whirlpool Corporation (NYSE:WHR) plans to sell up to 24% of its stake in Whirlpool of India Limited in 2024, reducing its current 75% ownership. The divestiture aims to lower debt levels and improve balance sheet flexibility, with proceeds adding to the $500 million term loan repayment scheduled for Q4 2023. The sale is not expected to affect Whirlpool's full-year guidance. WHR stock closed up 1.20% at $109.63.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 1:33 pm

CUEN

Cuentas, Inc. CEO Arik Maimon released a shareholder letter detailing the company's progress in acquisitions, real estate, and construction technology. CUEN is pivoting to real estate, fintech, and cybersecurity markets, with an imminent acquisition of WHEN Group, a move into the $215 billion global security market. The acquisition is pending Nasdaq and shareholder approval. CUEN is also expanding in mobile telecommunications, expecting $4 million in annual revenue from an initial order of 5,000 SIM cards. The company introduced 'Cuentas 360' with advanced security features and announced a partnership for mobile gaming and tokenized rewards in its fintech app. In real estate, CUEN partnered with RENCO on the Lakewood Village project and holds a 63% equity stake in a Tampa property project. Sales have increased to $1 million, a 861% quarter-over-quarter increase, with a 200% growth in cash and accounts receivable. A shareholder meeting is scheduled for December 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:32 pm

SNOW

Snowflake's stock is trading higher following the release of their Q3 financial results, which surpassed expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:31 pm

CRM

Salesforce Inc (NYSE:CRM) stock surged following its Q3 financial results, which met revenue estimates and exceeded EPS expectations. The company reported significant year-over-year growth in revenue, cash flow, and free cash flow, along with a strong operating margin. CEO Marc Benioff highlighted Salesforce's position in enterprise software, AI CRM, and enterprise apps. The company provided Q4 and full-year guidance that surpassed analyst estimates. Analysts from Piper Sandler, Needham, and BofA Securities raised their price targets for CRM stock.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 1:31 pm

CRM

Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Salesforce (NYSE:CRM) and increased the price target from $265 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:27 pm

OXY

Occidental Petroleum Corporation (NYSE:OXY) is in talks to acquire CrownRock, a major energy producer in the Permian Basin, for over $10 billion. CrownRock owns over 80,000 net acres in Texas' Midland Basin. The deal could expand Occidental's presence in the top oil-producing region in the U.S. Occidental's last major purchase was Anadarko in 2019 for $38 billion, which increased its debt and attracted activist investor Carl Icahn's attention. OXY shares rose 0.66% to $60.73 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 1:24 pm

ASO

Academy Sports (ASO) has updated its FY23 net sales forecast, narrowing the range from $6.175B-$6.365B to $6.110B-$6.170B, which is below the consensus estimate of $6.23B. The company also revised its adjusted EPS outlook, raising the lower end of the range from $6.95-$7.65 to $7.05-$7.20, compared to the estimate of $7.13.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:17 pm

SNPS

Needham analyst Charles Shi has reaffirmed a Buy rating on Synopsys (NASDAQ:SNPS) and increased the price target from $500 to $660.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 1:12 pm