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LIFW

MSP Recovery, Inc. (NASDAQ:LIFW) announced that it is now in compliance with all applicable Nasdaq listing standards, allowing its Class A common stock to continue to be listed and traded on the exchange. The company has rectified its previously disclosed bid price deficiencies. The stock has been trending higher after hitting an all-time low last week, following news that CEO John Hasan Ruiz bought 467,290 shares.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 7:49 pm

NKLA

Nikola Corp's shares are trading higher by 3.6% despite no company-specific news. The market is anticipating the company's Q3 earnings report due on Thursday. Nikola is expected to report an EPS loss of 14 cents and revenue of $13.33 million. The company recently won $165 million in an arbitration case involving its founder, Trevor Milton, related to regulatory investigations and an SEC settlement regarding fraud allegations.

Portfolio Pulse from Henry Khederian

October 31, 2023 | 7:45 pm

KO

WMT

Coca-Cola Co (KO) shares have recovered by 7.8% from their lowest point in October, reaching $56.49. The volatility in the stock was possibly due to comments from Walmart (WMT) suggesting weight-loss drugs are impacting food sales and the potential impact of rising yields on dividend stocks. In Q3 FY23, Coca-Cola achieved year-on-year sales growth of 8%, surpassing analyst estimates. However, potential interest rate increases could raise Coca-Cola's cost of capital and reduce the current value of the company's future cash flows, potentially leading to a drop in its stock price.

Portfolio Pulse from Henry Khederian

October 31, 2023 | 7:45 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares are trading higher despite being down nearly 100% year-to-date. The company's stock took a hit in mid-October due to disappointing Q3 revenue data and a reverse stock split announcement. However, the company recently announced the successful amendment and extension of its Term Loan Agreement with CRG Servicing LLC and presented new clinical data at the IDWeek 2023 conference. The stock's recent rise may be related to its high levels of short interest.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 7:42 pm

FSLR

First Solar, Inc. (FSLR) shares are up 4.0% to $141.77, with investors anticipating the company's Q3 earnings report. Analysts expect earnings of $2.06 per share and revenue of $894.12 million. The stock has seen an 8% decline since last week, coinciding with a broader downturn in the solar sector, triggered by Enphase Energy, Inc.'s weak Q4 guidance.

Portfolio Pulse from Henry Khederian

October 31, 2023 | 7:38 pm

AXNX

Piper Sandler analyst Adam Maeder maintains an Overweight rating on Axonics (NASDAQ:AXNX) but has lowered the price target from $84 to $75.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:36 pm

WAY

Healthcare company Waystar's initial public offering (IPO) has been delayed until December 2021 or possibly 2024, according to sources. The company was expected to begin marketing its shares this week ahead of a November listing.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:36 pm

INCY

Incyte Corporation reported better-than-expected Q3 adjusted EPS results and issued FY23 net product revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:35 pm

LHX

L3Harris Technologies' stock has been upgraded from Neutral to Outperform by Baird, which also raised its price target from $198 to $216. This has resulted in the shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:33 pm

ON

ON Semiconductor's shares are trading lower following the company's Q3 financial results and Q4 guidance. Several firms have also reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:32 pm