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MANU

Manchester United Plc (NYSE:MANU) shares fell nearly 10% during premarket trading on Monday following the Qatari group's decision to reportedly pull away from acquiring the football giant. The acquisition process was plagued by a series of hiccups with bidders unable to meet the £6 billion ($7.3 billion) valuation set by the Glazer family. British billionaire Jim Ratcliffe appears to be taking center stage in the Manchester United takeover bid, potentially acquiring an initial 25% stake in the club.

Portfolio Pulse from Shivani Kumaresan

October 16, 2023 | 12:24 pm

DHI

Goldman Sachs has upgraded D.R. Horton's stock from Neutral to Buy, leading to a rise in the company's shares.

Portfolio Pulse from Bill Haddad

October 16, 2023 | 12:22 pm

T

AT&T Inc. (NYSE:T) is set to release its latest quarterly earnings on Thursday, Oct. 19. Options markets are predicting a +/-5% move in AT&T's stock post the earnings release. A buyer purchased 3,324 of the Jan. 15-calls at an average price of 50 cents per contract, indicating an expectation that AT&T's stock will trade above $15.50 by January expiration. Analysts predict the telecom's quarterly earnings to be at 62 cents per share on revenue of $30.19 billion.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 12:22 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) has started shipping its IQ8 Microinverters in India. These microinverters are designed to support high-powered solar modules and maximize energy production. The products come with a 15-year limited warranty that can be extended up to 25 years. The company's Energy System integrates with the IQ Gateway, enabling over-the-air updates and connection to the Enphase App monitoring platform.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:20 pm

SPRC

SciSparc has regained compliance with Nasdaq's minimum bid price requirement. The company had previously received a notification from Nasdaq about its non-compliance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:17 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is set to release its latest quarterly earnings on Oct. 18, 2023. Ahead of this, Tesla's options trading volume surged 25% above its average. Options markets are implying a +/-6% move following the earnings release. Traders expect Tesla’s stock to trade below $229 by December. Analysts expect Tesla to post quarterly earnings at 74 cents per share on revenue of $24.16 billion.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 12:15 pm

RARE

Ultragenyx Pharmaceutical has projected its interim Q3 FY23 sales to be between $96M-$100M, which is lower than the consensus estimate of $113.33M. The company also reported cash, cash equivalents, and marketable debt securities of approximately $525M.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:15 pm

OTRK

Ontrak (OTRK) has announced that it has four prospects in the final stage of its sales cycle that could generate growth opportunities in the near future, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:15 pm

CTHR

GPRO

RRGB

The article lists three consumer stocks that are considered oversold and may present buying opportunities. These include Charles & Colvard, Ltd. (CTHR), GoPro, Inc. (GPRO), and Red Robin Gourmet Burgers, Inc. (RRGB). Charles & Colvard reported a Q4 loss and a challenging macroeconomic backdrop, but maintains a strong cash position. GoPro is set to release its Q3 financial results on Nov. 7, 2023. Red Robin reported better-than-expected quarterly results and is executing a plan to invest in its people, food, and hospitality.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 12:13 pm

MTEK

Maris-Tech Ltd. (NASDAQ:MTEK) has announced plans to expand its commercial activity in the U.S. defense market. The company has appointed industry veteran Adam Emanuel to its advisory board and will partner with Altagrove LLC to promote its AI-accelerated video solutions for integration on unmanned platforms. The company's products are meeting and exceeding the requirements of North American manufacturers and defense contractors.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 12:12 pm