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KURA

Kura Oncology's KOMET-001 Phase 1 study on ziftomenib for AML patients shows promising results, now published in The Lancet Oncology. The study highlights the drug's efficacy and safety, offering hope for better treatment options in relapsed/refractory AML.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:24 am

OBE

Obsidian Energy has increased its 2024 production guidance by 15% while cutting capital spending by $15 million. The company plans to reallocate funds towards share buybacks and debt reduction, despite a minor impact on production. This decision is expected to improve financial metrics and provide greater shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:21 am

ELS

Equity LifeStyle Properties reports minimal impact from Hurricane Helene on its properties in Florida, North Carolina, and South Carolina. No injuries were reported, and the company is assessing cleanup costs. They believe insurance will cover most expenses, and the hurricane is not expected to significantly impact financial results.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:11 am

LI

Li Auto Inc. reported a significant increase in vehicle deliveries for September 2024, with a 48.9% year-over-year growth, totaling 53,709 vehicles. The company's third-quarter deliveries rose by 45.4% year-over-year, reaching 152,831 vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:06 am

PMTS

CPI Card Group Inc. announced a secondary public offering of 1.2 million shares at $21 per share, totaling $25.2 million. The offering is by selling stockholders and not the company, which will not receive any proceeds.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:58 am

XPEV

XPeng Inc. reported a record delivery of 21,352 Smart EVs in September 2024, marking a 39% YoY and 52% MoM increase. The XPENG MONA M03 model saw over 10,000 units delivered in its first month. The company is expanding its market presence in Europe and plans to unveil new models and AI technologies at the 2024 Paris Motor Show.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:53 am

AYI

BHVN

MKC

NKE

TRAK

Acuity Brands, ReposiTrak, McCormick, Biohaven, and Nike are stocks to watch as U.S. stock futures trade lower. Acuity Brands and McCormick are set to release earnings, ReposiTrak reported strong results and increased dividends, Biohaven announced a public offering, and Nike's earnings are anticipated.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 6:47 am

STLA

Stellantis NV is recalling over 154,000 Jeep plug-in hybrid SUVs in the U.S. due to fire risks. The recall affects models from 2020-2024 and includes a global total of 194,245 units. Stellantis has also lowered its financial guidance for 2024, expecting reduced operating income margins and negative cash flow. Stellantis shares fell 12.5% following the announcement.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 6:02 am

BTCUSD

Japanese investment firm Metaplanet Inc. has increased its Bitcoin holdings by purchasing an additional 107.91 BTC, valued at approximately $6.92 million. This move strengthens its position as Japan's largest corporate holder of Bitcoin, following a strategy similar to that of U.S.-based MicroStrategy.

Portfolio Pulse from Aniket Verma

October 01, 2024 | 5:39 am

LI

TSLA

XPEV

Li Auto and XPeng, Chinese EV startups, reported record September deliveries, showing strong year-over-year and month-over-month growth. Li Auto sold 53,709 EVs, a 48.9% increase from last year, while XPeng delivered 21,352 EVs, marking a 39% year-over-year growth. Both companies exceeded their Q3 delivery guidance.

Portfolio Pulse from Shanthi Rexaline

October 01, 2024 | 5:31 am