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CHPT

ChargePoint Holdings Inc (NYSE:CHPT) shares are trading lower by 8.1% after the company announced it has secured a commitment from institutional investors to purchase $175 million of common stock. The company also raised $57 million in net proceeds in Q3 2024 and announced a $150 million revolving credit facility. ChargePoint plans to modify the terms of the Notes to extend the maturity date to April 1, 2028, increase the cash coupon to 7% per year, and adjust the conversion price to $12.00 per share.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:36 pm

CHPT

ChargePoint has raised $232 million to support its path to profitability in 2024. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:36 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares are trading higher by 2% to $36.44. The airline's stock has been volatile due to the Israel-Hamas conflict, which has led to U.S. airlines suspending flights to Israel, causing potential revenue loss. Geopolitical conflicts can also affect the overall health of the airline industry, influencing airline stocks.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:33 pm

LW

Lamb Weston Holdings Inc (LW) has increased its share repurchase authorization to $500 million, including the remaining unused capacity of around $124 million from the previous program. The company reiterated its FY24 outlook and provided long-term financial targets, expecting net sales growth in the low-to-mid-single digits and adjusted EPS growth in the high single digits. LW's shares are currently trading lower by 2.03%.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 2:33 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) shares are rising after the appointment of Tim Wentworth as CEO, effective Oct. 23. Wentworth has previously served as CEO of several health-related companies. Jim Cramer on CNBC's 'Squawk On The Street' suggested that Wentworth could change the direction of the stock and recommended buying it, perhaps aggressively. Walgreens is set to report fiscal fourth-quarter results before the market opens on Thursday.

Portfolio Pulse from Adam Eckert

October 11, 2023 | 2:31 pm

NVDA

Over the past 10 years, NVIDIA (NASDAQ:NVDA) has outperformed the market by 51.57% on an annualized basis, producing an average annual return of 61.43%. If an investor had bought $100 of NVDA stock 10 years ago, it would be worth $11,959.69 today.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:30 pm

ROP

Roper Techs's (NYSE:ROP) short percent of float has fallen 15.56% since its last report, with 807 thousand shares sold short, which is 0.76% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Roper Techs. Compared to its peers, Roper Techs has less short interest as a percentage of float, with an average of 3.35%.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:30 pm

CDNS

Cadence Design Sys's (NYSE:CDNS) short percent of float has risen 15.65% since its last report, with 2.71 million shares sold short, which is 1.33% of all regular shares available for trading. It would take traders 2.0 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 3.32%.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:30 pm

BYDDY

LI

PCCYF

XPEV

China's international policy stance and its reaction to global events, particularly the Hamas attacks in Israel, could potentially affect its trade growth and global status as a major trading partner. The country's focus on improving its international relations is crucial as its economic growth seems to be declining. The International Monetary Fund has revised down China's growth prospects for this year and next to 4.2%. Despite the country's property rout over the past year, exporter stocks such as PetroChina, Li Auto, BYD, XPeng have offered investors a silver lining as the Chinese government has invested heavily in its energy and innovation sectors.

Portfolio Pulse from Daniel Harrison

October 11, 2023 | 2:30 pm

KLAC

KLA's (NYSE:KLAC) short percent of float has fallen 11.59% since its last report, with 1.98 million shares sold short, which is 1.45% of all regular shares available for trading. It would take traders 1.9 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 6.35% for its peer group.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:30 pm