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MCAA

Mountain & Co I Acquisition (MCAA) received a notice from Nasdaq indicating that the company is no longer in compliance with Nasdaq Listing Rule 5450(A)(2), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:50 pm

GHG

GreenTree Hospitality Group's board has authorized a share repurchase program, allowing the company to repurchase up to $10M worth of outstanding Class A ordinary shares, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:49 pm

NVO

A whale investor has taken a bullish stance on Novo Nordisk (NYSE:NVO), with 70% of the investors opening trades with bullish expectations. The whale has been targeting a price range from $80.0 to $125.0 for Novo Nordisk over the last 3 months. The price of NVO is up 1.96% at $102.14. Argus Research downgraded its action to Buy with a price target of $110.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:46 pm

WTER

The Alkaline Water Company (WTER) has received a deficiency letter from the Listing Qualifications Department of Nasdaq, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:44 pm

SDIG

Stronghold Digital Mining has projected its Bitcoin production for October 2023 to be between 205-215 Bitcoin, excluding any electricity sales. The company also anticipates over 20% average hash rate growth in Q4 of 2023 compared to Q3 of 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:36 pm

PFE

Pfizer has revised its FY23 adjusted diluted EPS guidance to $1.45-$1.65, down from the original range of $3.25-$3.45. The company also anticipates full-year 2023 revenues to be $58.0 to $61.0 billion, a decrease from the previous guidance of $67.0 to $70.0 billion. This is due to lower-than-expected revenues from its COVID products, Paxlovid and Comirnaty. Pfizer also recorded a non-cash charge of $5.5 billion due to inventory write-offs for these products. However, the company expects to deliver approximately $1.0 billion in savings in 2023 through its cost realignment program.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:34 pm

CME

GLD

MSFT

USO

XLE

XOM

The escalating Israel-Hamas conflict, rising inflation, and surging oil prices have shaken global markets. The conflict could disrupt global oil supplies, as the Middle East accounts for about one-third of global oil production. In the US, inflation figures exceeded expectations, with the Producer Price Index surging 2.2% YoY and the Consumer Price Index inflation rising by 3.7% YoY. This has led to a spike in 30-year mortgage rates and a dip in consumer sentiment. Despite this, the Fed signals another rate hike is still possible. M&A activity picked up with Exxon Mobil acquiring Pioneer Resources and Microsoft purchasing Activision Blizzard. The week also saw strong Q3 earnings from major banks.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 8:33 pm

BHP

A significant bearish stance has been taken on BHP Group (NYSE:BHP) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 18% bullish and 81% bearish. Out of the special options uncovered, 9 are puts, for a total amount of $337,294, and 2 are calls, for a total amount of $141,020. The whales have been targeting a price range from $55.0 to $55.0 for BHP Group over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:31 pm

SNPS

Over the past 10 years, Synopsys (NASDAQ:SNPS) has outperformed the market by 19.58% on an annualized basis, producing an average annual return of 29.13%. If an investor had bought $1000 of SNPS stock 10 years ago, it would be worth $12,943.96 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:30 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has outperformed the market over the past 20 years by 1.4% on an annualized basis, producing an average annual return of 8.73%. If an investor had bought $100 of ADM stock 20 years ago, it would be worth $531.30 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:30 pm