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XOM

Exxon Mobil Corp (XOM) shares are trading higher after the company announced plans to become a leading lithium supplier for electric vehicles by 2030. The first phase of lithium production in Arkansas has begun, with the goal to supply the manufacturing needs of over a million EVs per year by 2030. Exxon Mobil acquired rights to the Smackover formation in southern Arkansas and expects lithium demand to quadruple by 2030.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 5:29 pm

ENSV

Enservco Corporation has filed a prospectus with the SEC, which pertains to the potential offer and resale of up to 2.93 million shares of its common stock by Oilserv, LLC. This filing indicates that Oilserv, LLC may from time to time sell these shares in the public market.

Portfolio Pulse from Charles Gross

November 13, 2023 | 5:29 pm

MYNZ

Mainz Biomed NV (NASDAQ:MYNZ) stock plummeted by 46% to $1.21 after announcing a securities purchase agreement to raise $5 million through a registered direct offering at $1.20 per share. The offering includes ordinary shares or pre-funded warrants and warrants, and is managed by Titan Partners Group, a division of American Capital Partners. The closing is expected around November 15, subject to customary conditions.

Portfolio Pulse from Henry Khederian

November 13, 2023 | 5:27 pm

MYNZ

Mainz Biomed's stock price has dropped following the announcement of a $5 million registered direct offering. The offering could dilute existing shareholders' equity, leading to the decline in stock price.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:26 pm

NOAH

UBS

The article corrects the ticker symbol for Noah Holdings, which is 'NOAH'.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:16 pm

AMAT

Applied Materials Inc. (NASDAQ:AMAT) stock price dropped 1.15% to $148.95 in the current market session. Despite this, the stock has increased by 4.95% over the past month and 35.61% over the past year. The P/E ratio of AMAT is 19.88, which is lower than the industry average of 47.27, suggesting it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 5:15 pm

NOAH

Noah Holdings' stock has seen an uptick following an upgrade by UBS from Neutral to Buy, accompanied by a price target increase from $16.30 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:15 pm

AMD

ASML

MU

QCOM

SSNLF

Micron Technology Inc faces a lawsuit from Chinese chipmaker Yangtze Memory Technologies Co for alleged patent infringement, amidst escalating US-China tensions over semiconductor technology. The lawsuit, which involves eight patents, comes as the US increases restrictions on China, citing national security. China's retaliatory measures have impacted Micron's revenue, which has dropped significantly from 50% in FY17 to 16% in 2022. Micron's stock traded lower following the news.

Portfolio Pulse from Anusuya Lahiri

November 13, 2023 | 5:11 pm

NOAH

Noah Holdings' stock has seen an increase in trading after UBS upgraded the company from Neutral to Buy and increased the price target from $16.3 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:11 pm

PFHC

ProFrac Holding Corp's stock is trading higher following an analyst rating update from Stifel, which maintained a Buy rating and increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 5:08 pm