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VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are trading lower after the company signed an equity subscription agreement with YA II PN, Ltd. (Yorkville) for up to $1 billion. The funds will be used for developing manufacturing facilities, working capital, strategic investments, and acquisitions. The company recently agreed to acquire a 99.8% stake in VinES Energy Solutions and is planning to expand into Southeast Asia.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 2:33 pm

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 7.04% on an annualized basis, producing an average annual return of 14.26%. If an investor had bought $1000 of AMT stock 20 years ago, it would be worth $14,771.56 today.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:30 pm

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 5 years, producing an average annual return of 30.51%. If an investor had bought $1000 of AVGO stock 5 years ago, it would be worth $3,794.06 today. The company currently has a market capitalization of $360.87 billion.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 2:30 pm

SLB

Schlumberger (SLB) has stated that it is too early to comment on the size of the opportunity in Venezuela after the U.S. eased sanctions. The statement was made during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:28 pm

BAER

ICU

MDAI

NOK

NUZE

Benzinga's Stock Whisper Index has highlighted five stocks that warrant attention for the week of Oct. 20, 2023. These include NuZee Inc (NASDAQ:NUZE), which saw a significant drop in share price after announcing a public offering; Bridger Aerospace Group Holdings (NASDAQ:BAER), which also saw a drop in shares after a public offering announcement; Spectral AI (NASDAQ:MDAI), which saw shares rise after its medical device received FDA classification; SeaStar Medical Holding Corporation (NASDAQ:ICU), which saw shares rise after receiving FDA Breakthrough Device Designation; and Nokia Corporation (NYSE:NOK), which saw shares fall after reporting a drop in Q3 sales.

Portfolio Pulse from Chris Katje

October 20, 2023 | 2:26 pm

HBAN

Huntington Bancshares Inc reported Q3 revenues of $1.88 billion, beating the consensus of $1.82 billion. Net interest income rose 3% Y/Y, with a net interest margin of 3.20% vs 3.42% a year ago. Adjusted EPS of $0.36 beat the consensus of $0.32. Cash and cash equivalents and available contingent borrowing capacity stood at $91 billion. Average core deposits increased 1% Q/Q, reflecting continued acceleration in consumer deposit gathering and focus on acquiring and deepening primary bank relationships.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 2:21 pm

HBAN

Huntington Bancshares' shares have dropped following the release of their Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:20 pm

F

GM

STLA

General Motors (GM), Ford Motor Co. (F), and Stellantis NV (STLA) are reportedly close to finalizing an agreement with the United Auto Workers (UAW) to end a prolonged strike. The automakers have offered wage hikes and reinstatement of inflation protection measures. However, pay and pensions remain contentious issues. GM has proposed a 20% wage increase over four years, while Ford has offered 23%. The UAW believes that 20% is not enough.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 2:20 pm

FBP

First BanCorp reported worse-than-expected Q3 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:17 pm

JAZZ

Jazz Pharmaceuticals PLC (NASDAQ:JAZZ) is reportedly exploring strategic options including a potential sale or divestment of parts of its business. The company could separate its cannabinoid business from its oncology operations. JAZZ reported a 3% increase in Q2 FY23 revenues, reaching $957 million. The company's shares are trading higher by 1.74% at $134.33.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 2:17 pm