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ATLX

Atlas Lithium Corporation (NASDAQ:ATLX) has entered into investment and offtake agreements with Mitsui & Co, Ltd, involving a $30 million investment in Atlas Lithium's common shares at a premium and an agreement for Mitsui to purchase up to 75,000 tons of lithium concentrate from Atlas Lithium's Neves Project in Brazil. This partnership is seen as a significant validation of Atlas Lithium's project and is expected to accelerate the company's development towards revenue generation from its environmentally sustainable lithium concentrate production.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 10:50 am

SLB

Schlumberger N.V. (NYSE:SLB) has announced a deal to merge its carbon capture division with Aker Carbon Capture (ACC), acquiring an 80% stake in the combined business for NOK 4.12 billion ($380.86 million). The deal, expected to close by Q2 2024, aims to advance large-scale industrial decarbonization. Schlumberger may also make additional payments based on performance. The company plans to increase share repurchases in 2024 and expects significant growth, particularly in the Middle East.

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 10:50 am

USAP

Universal Stainless (NASDAQ:USAP) reported Q4 earnings of $0.27 per share, missing the consensus estimate of $0.32 by 15.62%. However, sales of $79.78M exceeded estimates of $78.65M by 1.44%, marking a 41.96% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:49 am

AMD

BX

MCHI

NVDA

QCOM

Chinese President Xi Jinping met with U.S. CEOs, including Blackstone's Stephen Schwarzman and Qualcomm's Cristiano Amon, to discuss China's economy, U.S.-China relations, and Taiwan. Xi provided 'tough answers' and emphasized China's economic potential, criticized U.S. semiconductor export bans, and expressed displeasure with U.S. support for Taiwan's independence. The meeting aimed to entice U.S. businesses back to China amid geopolitical challenges. The iShares MSCI China ETF (MCHI) saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 28, 2024 | 10:47 am

VNO

Morgan Stanley analyst Ronald Kamdem upgraded Vornado Realty (VNO) from Underweight to Equal-Weight and increased the price target from $24 to $26.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:46 am

DCFC

Tritium DCFC Limited has announced the effective date for its reverse stock split consolidation, which is set for April 2, 2024. This strategic move is aimed at consolidating shares to potentially increase the stock's market price.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:42 am

STLA

Stellantis N.V. (NYSE:STLA) has reached agreements with Italian unions for over 3,000 voluntary layoffs across its facilities in Italy, including Melfi, Pomigliano d’Arco, Termoli, Turin, and Pratola Serra, as part of adapting to industry shifts towards cleaner energy. The layoffs primarily target employees nearing retirement or seeking new opportunities. Despite the workforce reduction, Stellantis is in talks with the Italian government to potentially increase its annual vehicle output in Italy to one million. STLA shares dropped 0.83% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 28, 2024 | 10:39 am

MSM

MSC Industrial Direct Co (MSM) reported Q2 adjusted EPS of $1.18, surpassing the $1.16 estimate, but its sales of $935.30M fell short of the $946.55M estimate. This represents an 18.62% decrease in earnings and a 2.74% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:31 am

GROY

Gold Royalty (AMEX:GROY) reported Q1 adjusted EPS of $0.01, beating estimates of $(0.01), a 150% increase from last year. However, sales of $1.02M missed estimates by 46.53%, despite being a 74.57% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:28 am

KRRO

HC Wainwright & Co. analyst Mitchell Kapoor has maintained a Buy rating on Korro Bio (NASDAQ:KRRO) and increased the price target from $100 to $115. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:24 am