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BMWYY

BMW of North America, a subsidiary of Bayerische Motoren Werke AG (OTC:BMWYY), is expanding its ChargeForward smart charging service across the U.S. This coincides with the launch of the all-electric BMW i5. ChargeForward allows customers to receive incentives for charging their vehicles during times of high renewable energy availability. The program is open to all BMW BEV and PHEV models from 2018 onwards in the lower 48 states. The expansion utilizes carbon data specific to each region's electric grid to optimize charging schedules. BMWYY shares rose 3.89% to $34.20.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 7:21 pm

MEDIF

TLRY

MediPharm Labs Corp. reported Q3 2023 financial results with revenue of C$8.5 million, a sequential decrease but a year-over-year increase. The company saw its highest gross profit since Q4 2019 at C$2.4M and improved adjusted EBITDA. Integration of VIVO led to significant savings, and a strong balance sheet was noted with C$13M in cash. A dispute settlement with Tilray Brands, Inc. resulted in C$9M for MediPharm, including cash, products, and a purchase agreement. MediPharm's stock (MEDIF) traded down 2.23% on the news.

Portfolio Pulse from Joana Scopel

November 14, 2023 | 7:21 pm

ASUR

Asure Software's stock is trading lower following the release of their Q3 financial results, which included Q4 and FY24 revenue guidance that fell short of expectations. Additionally, Lake Street downgraded Asure Software from Buy to Hold, and Stifel reduced its price target for the company from $15 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:18 pm

HSIC

Henry Schein Inc (NASDAQ:HSIC) reported Q3 sales of $3.16 billion, missing consensus estimates of $3.21 billion. Adjusted EPS was $1.32, in line with estimates, but the company narrowed its FY23 adjusted EPS guidance due to softening macroeconomic conditions. Following the earnings report, analysts at Morgan Stanley, Barrington Research, and UBS revised their price targets downward, while maintaining their respective ratings on the stock. HSIC stock gained 1.5% to $68.54 on Tuesday.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 7:16 pm

BEEM

Beam Global's stock is trading higher following the announcement of improved year-over-year financial results for Q3.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:14 pm

ATAI

CMPS

Atai Life Sciences (NASDAQ:ATAI) reported Q3 financial results with a cash burn of nearly $20M QoQ. Cash, equivalents, and short-term investments totaled $209.0 million as of Sept. 30, 2023. R&D and G&A expenses decreased compared to 2022, but net income loss increased to $44.2 million. The company expects its cash position to fund operations into H1 2026. Pipeline updates include progress on studies for various neuropsychiatric therapies. Atai acquired all shares of DemeRx IB Inc., making DMX-1002 a wholly-owned asset. COMPASS Pathways (NASDAQ:CMPS), a partner of Atai, is conducting a major Phase 3 program with topline data expected in summer 2024 and mid-2025.

Portfolio Pulse from Lara Goldstein

November 14, 2023 | 7:13 pm

DFLI

Dragonfly Energy Holdings reported a year-over-year decrease in Q3 financial results and provided Q4 revenue guidance below estimates, leading to a downgrade by Roth MKM from Buy to Neutral. This has resulted in the company's shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:13 pm

TSN

Tyson Foods, Inc. (NYSE:TSN) reported Q4 earnings of 37 cents per share, surpassing estimates of 29 cents per share. However, sales of $13.35 billion fell short of the expected $13.73 billion. The company forecasts FY24 adjusted operating income between $1 billion and $1.5 billion. Following the earnings report, Tyson's stock rose 3.8% to $47.33. Analysts at BMO Capital, JP Morgan, and Stephens & Co. updated their price targets and ratings for Tyson Foods.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 7:11 pm

ABNB

ADBE

COIN

ZM

Adobe Inc.'s proposed $20 billion acquisition of Figma Inc. is expected to face an antitrust warning from the European Commission. The Commission is preparing a statement of objections, highlighting concerns about potential anti-competitive effects of the deal. The EU initiated an in-depth investigation into the takeover in August over concerns of reduced competition in the market for interactive product design tools. Figma collaborates with companies like Zoom Video Communications, Airbnb, and Coinbase Global. The Commission's decision on the deal is expected by February 5.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 7:10 pm

SPCB

SuperCom's stock is trading higher following the report of improved Q3 adjusted EPS and revenue results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:08 pm