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BITF

Bitfarms shares have declined following the announcement of a C$60 million private placement with U.S. institutional investors. The capital raise may dilute existing shareholders but also provides the company with additional funds for operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:35 pm

YOSH

Yoshiharu Global Co. (NASDAQ:YOSH), a California-based Japanese ramen restaurant operator, announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's Minimum Bid Price Requirement. The split will be effective on November 27, 2023, with trading on a post-split basis starting November 28, 2023. The split was approved by stockholders and the Board, reducing Class A and Class B common stock to 1,194,000 and 100,000 shares respectively. Adjustments will be made to outstanding equity awards, warrants, and exercise prices. No fractional shares will be issued, and the authorized capital stock will remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:33 pm

VS

Versus Systems Inc. (NASDAQ:VS) has received a strategic investment from Cronus Equity Capital Group, LLC (CECG), which will result in CECG acquiring up to 51% of Versus' issued and outstanding shares. The investment includes two tranches: the first, already completed, involved the issuance of 15,838,441 shares, and the second, expected next week, will add 8,888,920 shares, both at a premium to the recent average closing price.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:32 pm

CAT

Caterpillar Inc. (NYSE:CAT) stock has seen a 0.30% increase in the current session, trading at $246.75, with a 3.43% rise over the past month and a 6.22% increase over the past year. Investors are examining the price-to-earnings (P/E) ratio, comparing it to the Machinery industry average, to determine if the stock is overvalued. Caterpillar's P/E is lower than the industry average, which could indicate the stock is undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 1:30 pm

DE

Deere & Co (NYSE:DE) reported a 1% Y/Y decrease in net sales and revenue at $15.41 billion, beating consensus estimates of $13.69 billion. EPS was $8.26, exceeding the $7.47 consensus. FY24 net income is projected at $7.75 billion-$8.25 billion, below market estimates of $9.33 billion. Deere's dividend yield is 1.46%, with a quarterly dividend of $1.35 per share. To earn $500 monthly from dividends, an investor would need 1,111 shares, valued at approximately $411,914. For $100 monthly, 222 shares or $82,309 would be needed. Dividend yield fluctuates with stock price and dividend changes. DE shares dropped 3.1% to close at $370.76 on Wednesday.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:29 pm

HHH

HTLD

KLG

PI

Notable insider purchases were made in Howard Hughes Holdings Inc. (HHH), Heartland Express, Inc. (HTLD), Impinj, Inc. (PI), and WK Kellogg Co (KLG). William Ackman bought shares of HHH, Michael J Gerdin and Michael John Sullivan of HTLD, Patrick Daniel Gibson of PI, and Sherry Brice of KLG. These purchases indicate insider confidence despite varied company performance in their latest quarterly results.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:25 pm

AVGO

BURL

CSCO

IYH

On CNBC's 'Halftime Report Final Trades,' experts discussed their views on several stocks and an ETF. Shannon Saccocia of Boston Private expects a rotation back into the healthcare sector and named iShares U.S. Healthcare ETF (IYH). Rob Sechan of NewEdge Wealth highlighted Broadcom Inc. (AVGO) for its low valuation and high operating margin, noting its acquisition of VMware. Jim Lebenthal of Cerity Partners believes Cisco Systems, Inc. (CSCO) is poised for recovery despite a bad week and lowered projections for 2024. Joseph Terranova of Virtus Investment Partners chose Burlington Stores, Inc. (BURL), which reported a revenue miss in Q3. Broadcom shares fell, Cisco shares rose, Burlington gained, and the iShares U.S. Healthcare ETF also saw gains in Wednesday's session.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:23 pm

SOPA

Society Pass Inc. (NASDAQ:SOPA) has received an extension until May 20, 2024, to regain compliance with NASDAQ's minimum $1.00 per share bid price requirement. The extension, filed with the SEC, allows SOPA additional time to meet the Minimum Bid Price Rule while complying with other listing requirements. CEO Ray Liang expressed commitment to strategic initiatives aimed at regaining compliance.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:18 pm

WLDS

Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) has established a new U.S. office in Redwood City, California, to enhance its market presence and partner relations in North America. The office will serve as a hub for the Company's North American operations, focusing on customer service and engagement with business partners. The Company's CMO, Shmuel Barel, will lead the subsidiary, Mudra Wearable, Inc. This expansion follows the delivery of the first batch of Mudra Bands to preorder customers and a memorandum of understanding with an XR Smart Glasses manufacturer for B2B licensing.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:16 pm

HTHT

H World Group Ltd (HTHT) reported a 53.6% year-on-year increase in Q3 FY23 sales to $861 million, surpassing analyst estimates. Adjusted EPADS was $0.58, also beating consensus. Occupancy rates and Blended RevPAR for Legacy-Huazhu hotels showed significant improvement compared to Q3 FY22. The company reported an operating income of $262 million with a 30.4% margin and had $1.2 billion in cash and equivalents. The hotel network comprised 9,157 hotels and 885,756 rooms. The Q4 outlook anticipates revenue growth of 41%-45%, or 48%-52% excluding Steigenberger Hotels. HTHT shares rose by 0.73% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 1:13 pm