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CMTL

SAVA

Shares of several companies including Oblong, Bio-Path Holdings, Blue Star Foods, Versus Systems, RedHill Biopharma, Datasea, Shift Technologies, Getaround, Scienjoy Holding, and Comtech Telecommunications surged in pre-market trading. Comtech's shares rose after posting better-than-expected Q4 results. On the other hand, shares of Cassava Sciences, SMART Global Holdings, BeyondSpring, Edesa Biotech, ReShape Lifesciences, Momentus, LogicMark, Society Pass, Tian Ruixiang Holdings, and ParaZero Technologies fell in pre-market trading.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 11:35 am

UNH

UnitedHealth Group Inc reported Q3 profits of nearly $5.8 billion, up 11% Y/Y, and revenues of $92.4 billion, up 14.2% Y/Y, beating analysts' estimates. The company's medical cost ratio was 82.3%, 70 basis points higher than last year. Premiums were up 12.2% to $72.3 billion, and operating costs rose 12.6% to $83.84 billion. The company raised its 2023 earnings forecast to $24.85-$25.00 per share, up from its prior forecast of $24.70-$25.00. UNH shares are up 1.61% at $533.99 during premarket trading.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 11:35 am

ATVI

DG

JPM

MSFT

QQQ

SPY

UNH

US stock futures showed mixed trends on Friday, with UnitedHealth Group, Inc. (NYSE:UNH) and JPMorgan Chase & Co. (NYSE:JPM) reporting better-than-expected earnings. Rising oil prices and weak economic data from China are causing concern among traders. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both slipped in premarket trading. UnitedHealth rose about 2% in premarket trading after reporting a Q3 earnings beat. Dollar General Corp. (NYSE:DG) rallied about 8% after it brought back its previous CEO. Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) could be in focus as the U.K. antitrust regulator approved its pending acquisition by Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 11:34 am

ASAN

COSM

ITOS

Insider trades were noted in Asana, Inc. (ASAN), Cosmos Health Inc. (COSM), and iTeos Therapeutics, Inc. (ITOS). ASAN's President, CEO, and Chair acquired 283,204 shares at an average price of $18.07, costing around $5.12 million. COSM's CEO acquired 6,712 shares at an average price of $23.66, costing around $158,806. ITOS's CFO bought 5,000 shares at an average price of $8.37, costing around $41,850.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 11:34 am

FXI

China's Premier has announced that the country's economy is on the path of recovery and improvement, according to state media reports cited by Reuters.

Portfolio Pulse from Charles Gross

October 13, 2023 | 11:18 am

USAP

Universal Stainless & Alloy Products (USAP) has announced an immediate base price increase of 5% to 10% on its premium products. Current material and energy surcharges will remain in effect.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 11:12 am

EH

EHang shares resumed trading and surged 82% after the company announced it has successfully obtained a type certificate for its EH216-S passenger-carrying UAV system from the Civil Aviation Administration of China.

Portfolio Pulse from Charles Gross

October 13, 2023 | 11:08 am

TLSA

Tiziana Life Sciences has announced positive six-month PET scan results for its intranasal Foralumab treatment in patients diagnosed with non-active secondary progressive multiple sclerosis (na-SPMS).

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 11:02 am

BA

SPR

Boeing Company and Spirit AeroSystems Holdings Inc have expanded their inspections of 737 Max 8 aircraft-related production defects. This follows Boeing's notification to the FAA of initial findings and delivery delays of 737 Max 8s. In August, Boeing warned that deliveries of its 737 MAX jets could be delayed due to a quality issue with supplier Spirit AeroSystems. Spirit Aerosystems said the issue involves elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage that it produces.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 10:56 am

EH

Trading of EHang Holdings Limited shares is set to resume at 7:00 AM ET.

Portfolio Pulse from Charles Gross

October 13, 2023 | 10:56 am