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VVOS

Vivos Therapeutics (NASDAQ:VVOS) has announced a private placement of 980,393 shares at $4.08 per share, priced at-the-market under Nasdaq rules. The company will also issue a five-year Series A Warrant and an 18-month Series B Warrant to purchase up to an aggregate of 980,393 shares of common stock each. The gross proceeds from the offering are expected to be approximately $4.0 million, which will be used for general corporate purposes. The closing of the private placement is expected to occur on November 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:11 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell in premarket trading on Tuesday, adding to the nearly 5% drop seen on Monday. This is despite U.S. stock futures pointing to a modestly higher open. The immediate trigger could be the China weekly insurance registrations data, which showed a decrease in registrations for Tesla electric vehicles. Future Fund’s Gary Black noted that China-insured registrations totaled 28,400 units, down 22% from the first four weeks of the third quarter. GLJ Research’s Gordon Johnson predicts muted demand for the refreshed Model 3.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 12:09 pm

ABT

BSY

SLB

TZOO

Insiders at Schlumberger Limited (SLB), Abbott Laboratories (ABT), Bentley Systems (BSY), and Travelzoo (TZOO) have recently sold significant amounts of shares. While insider selling can sometimes indicate concern about a company's prospects, it can also be part of a preplanned sale. Schlumberger has been chosen by Eni S.p.A. to develop plans for measuring and reporting fugitive methane emissions. Abbott Laboratories reported better-than-expected Q3 results. Bentley Systems is set to release Q3 2023 operating results on Nov. 7, 2023. Travelzoo reported better-than-expected Q3 results and announced a 1 million share buyback.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 12:07 pm

SLS

SELLAS Life Sciences has announced a $4M registered direct offering priced at-the-market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:05 pm

ANVS

Annovis Bio, Inc. (NYSE:ANVS) has announced the pricing of an underwritten public offering of 1,250,000 units, each consisting of one share of its common stock and an accompanying warrant. The combined offering price is $6.00 per unit. The company expects to receive total gross proceeds of approximately $7.5 million. The offering is expected to close on November 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:03 pm

BHP

BHP Group Ltd has approved an investment of C$6.4 billion for Stage 2 of the Jansen potash project, doubling its investment in potash. The company aims to build one of the world's largest potash mines and expects the construction to take around six years. The first production is planned for FY29. This follows BHP's approval of C$7.5 billion for stage one of the project in August 2021. BHP shares are trading lower by 1.04% at $56.95 premarket.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 12:00 pm

ZYXI

Zynex, Inc. (NASDAQ: ZYXI) has announced that its Board of Directors is reviewing potential strategic alternatives to maximize shareholder value. These alternatives may include take private offers, a sale, merger, divestiture, recapitalization, or other strategic transactions. The company has retained Cantor Fitzgerald & Co. as its financial advisor and Goodwin Procter LLP as its legal advisor for this process. No definitive decisions have been made yet.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:59 am

BUD

Anheuser-Busch InBev SA/NV (NYSE:BUD) reported Q3 FY23 sales growth of 5% YoY to $15.57 billion, missing the analyst consensus estimate of $15.73 billion. Total volumes declined by 3.4%, with own beer volumes down by 4% and non-beer volumes up by 1.4%. Revenue per hl grew 9%. The company had about 66% of revenue through B2B digital platforms and over $125 million revenue was generated by the digital direct-to-consumer ecosystem. BUD shares are trading higher by 4.09% at $56.24 in premarket on the last check Tuesday.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 11:51 am

CHS

EJH

LRN

The article identifies three overbought stocks in the consumer discretionary sector that could potentially sink portfolios in Q4. These include E-Home Household Service Holdings Limited (EJH), Chico's FAS, Inc. (CHS), and Stride, Inc. (LRN). EJH's shares have jumped 80% over the past month, CHS is set to be acquired by Sycamore Partners for $1 billion, and LRN reported better-than-expected Q1 results and issued FY24 revenue guidance above estimates.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 11:45 am

QQQ

SPY

U.S. stocks are expected to extend gains as the Federal Reserve's two-day monetary policy meeting begins. Smid-cap earnings have been better than expected, triggering a strong upward move in premarket trading. However, sentiment towards mega-caps remains muted. The Dow Industrials posted its biggest one-day advance since early June, with the S&P 500 moving out of correction territory. Analysts from LPL Financial expect a strong job market, cooling inflation, the end of Fed rate hikes, stable interest rates, and growing corporate profits to keep the bull market going. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.24% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.08%.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 11:44 am