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ATKR

Atkore Inc. (NYSE:ATKR) is expected to report Q4 FY2023 earnings of $4.08 per share, down from $5.52 per share a year ago, with revenue estimated at $920.43 million, a decrease from $1.03 billion. The company had mixed Q3 results but raised its FY23 adjusted earnings outlook. Shares dropped 0.7% to $135.23 recently. Analysts from B. Riley Securities, Citigroup, and RBC Capital have provided ratings and adjusted price targets for Atkore.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 8:26 am

DDC

DayDayCook, a leading content-driven food consumer brand, has announced the pricing of its initial public offering (IPO) of 3.9 million Class A Ordinary Shares at $8.50 per share. The company, listed as DDC Enterprise Ltd (NYSEAM:DDC), has also granted underwriters a 30-day option to purchase up to an additional 585,000 shares at the IPO price, minus underwriting discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:30 am

DDC

DDC Enterprise Ltd, known as DayDayCook, has announced the pricing of its IPO at $8.50 per share, offering 3.9 million shares. The company expects to raise $33.15 million before expenses, with an additional option for underwriters to purchase 585,000 shares. Trading on the NYSE American is set to begin on November 17, 2023, under the ticker symbol 'DDC'.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:30 am

CMCL

Caledonia Mining Corporation announced that its Chief Operating Officer, Mr. Dana Roets, is stepping down. The company has not yet named a successor, and the reasons for Mr. Roets' departure have not been disclosed. This change in leadership may lead to uncertainty among investors regarding the company's operational continuity and future performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:21 am

TSLA

X

Senator Tommy Tuberville disclosed bearish bets on Tesla (TSLA) by buying put options and selling shares ahead of Tesla's Q3 results, which led to a stock decline. He also bought call options and sold shares of U.S. Steel Corp. (X), raising conflict of interest concerns due to his position on the Senate Subcommittee on Commodities. Tuberville engaged in other significant transactions, including buying shares of META, WU, WMS, ROK, RMD, PHM, NXPI, ABBV, GSK, and selling shares of TXN, CSX, NSC, ODFL, MRK, JNJ.

Portfolio Pulse from Shanthi Rexaline

November 17, 2023 | 7:02 am

FCX

Freeport-McMoRan Inc. (NYSE:FCX) has advised its shareholders to reject the unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 3 million FCX shares at $32.20 each. This offer is below the market value, with a 4.4% discount from the closing price on November 10, 2023, and a 10% discount from the closing price on November 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:59 am

BJ

BKE

GPS

ROST

SPB

BJ's Wholesale Club, Gap, The Buckle, Ross Stores, and Spectrum Brands are in focus as investors anticipate earnings reports and react to financial results. BJ's Wholesale is expected to report earnings of 96 cents per share on revenue of $4.96 billion. Gap reported better-than-expected Q3 results, causing a 17.1% share price jump. The Buckle is expected to earn 98 cents per share on revenue of $316.70 million. Ross Stores reported upbeat Q3 results and raised FY23 guidance, leading to a 6.2% share increase. Spectrum Brands is expected to report earnings of $1.03 per share on revenue of $738.26 million, with shares falling 1.2% prior to the report.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 6:59 am

BJ

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) is expected to report lower Q3 earnings at 96 cents per share compared to 99 cents per share a year ago, with projected revenue of $4.96 billion. The stock closed down 5.4% at $67.60. Analysts have recently adjusted their price targets and ratings, with Deutsche Bank downgrading to Hold and cutting the target from $79 to $71, Gordon Haskett upgrading to Buy, Goldman Sachs downgrading to Neutral and reducing the target from $75 to $73, Evercore ISI maintaining an In-Line rating and raising the target from $68 to $69, and B of A Securities maintaining a Buy rating but cutting the target from $85 to $80.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 6:46 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) is offering a free wall charger and up to $2000 installation credit with new R1T inventory purchases until Dec. 31. The charger, which is compatible with most EV models, provides up to 25 miles of range per hour and comes with a five-year warranty. This promotion aims to make it easier for customers to transition to electric vehicles and may attract buyers with the convenience of home charging and shorter delivery times for inventory vehicles compared to custom orders.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 6:07 am

BTCUSD

Do Kwon, founder of Terraform Labs, failed to overturn his passport fraud conviction in Montenegro. Kwon and associate Han Chang-joon were sentenced to four months in prison for document falsification. Montenegro's court upheld the verdict, and Kwon faces potential extradition to the U.S. or South Korea for charges related to the TerraUSD and Luna collapse. Terraform Labs continues to operate despite Kwon's legal issues. Bitcoin and Terra Classic's prices have fallen in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 17, 2023 | 5:20 am