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ACAQ

AKRO

LLY

NVO

TSLA

US stocks traded higher with Dow Jones gaining around 130 points. Akero Therapeutics saw a significant drop of 62.61% after its Phase 2b SYMMETRY study results were not statistically significant. Eli Lilly closed the day with a 1.32% increase as CEO of LuMind IDSC advocates for access to its Alzheimer’s drugs. Athena Consumer Acquisition surged by 10.53% after announcing a special meeting for business combination approval. Novo Nordisk increased by 1.03% as a survey revealed a growing willingness among US employers to include its GLP-1 drugs in health coverage plans. Tesla increased by 1.52% as its Model Y passed the two million unit sales milestone.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 1:56 am

PXD

XOM

Exxon Mobil Corp. is reportedly in advanced talks to acquire Pioneer Natural Resources Co. for more than $250 per share, valuing Pioneer at no less than $58 billion. The all-stock deal could be announced as early as Wednesday. However, the final agreement is yet to be finalized and the terms may change or the talks could end without a deal. The potential merger would strengthen Exxon’s position as the largest oil producer in the Permian Basin of Texas and New Mexico.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 12:37 am

AZZ

AZZ Inc. reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.08. The company also reported quarterly sales of $398.50 million, beating the analyst consensus estimate of $396.91 million. The Metal Coatings segment reported record sales of $169.8 million. The company reaffirmed its full-year 2024 guidance, expecting earnings per share to be between $3.85 and $4.35 and sales between $1.40 billion and $1.55 billion. Shares of AZZ were up 3.49% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 10, 2023 | 10:57 pm

BIRK

JPM

Birkenstock Holding has priced its IPO at $46.00 per share, offering 32,258,064 ordinary shares. The shares are expected to start trading on the NYSE under the symbol 'BIRK' on October 11, 2023. The offering is managed by Goldman Sachs, J.P. Morgan, and Morgan Stanley, among others.

Portfolio Pulse from Charles Gross

October 10, 2023 | 10:27 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has reached a milestone with its Model Y, surpassing two million unit sales in just three and a half years. The Model Y is now one of the bestselling electric vehicles in the world and is poised to outsell the Model 3 in the current fourth quarter. Tesla is guiding to 1.8 million units sold for the full fiscal year and aims for 50% annual production growth. The company's highly anticipated Cybertruck electric pickup is nearing its delivery milestone.

Portfolio Pulse from Chris Katje

October 10, 2023 | 9:54 pm

FOX

FOXA

RUM

Despite facing multiple indictments and federal charges, former President Donald Trump continues to lead the GOP nomination for the 2024 presidential election, according to the latest Morning Consult poll. Trump's support is at a record high, with a 49-point lead over his competitors. The second Republican primary debate, broadcast on Fox Business and livestreamed on Rumble Inc, saw low ratings and strong polling numbers for Trump, suggesting debates may not be as influential as before. Governor Ron DeSantis' support has slipped to 12%, while Vivek Ramaswamy gained two percentage points.

Portfolio Pulse from Chris Katje

October 10, 2023 | 9:50 pm

AZZ

HYLN

JTAI

In Tuesday's after-market session, several industrial stocks saw significant movement. Gainers included Jet AI (JTAI), AZZ (AZZ), Markforged Holding (MKFG), Nxu (NXU), and Quhuo (QH). Losers included Hyliion Holdings (HYLN), Applied UV (AUVI), Tritium DCFC (DCFC), Aqua Metals (AQMS), Vertical Aerospace (EVTL), and Fusion Fuel Green (HTOO).

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 9:32 pm

HOFV

KAVL

NVFY

VOXX

Consumer discretionary stocks saw significant movement in Tuesday's after-market session. VOXX International, Nova Lifestyle, Color Star Tech, Shift Techs, Sacks Parente Golf, and U Power saw gains, while Hall Of Fame Resort, Kaival Brands Innovations, Polestar Automotive, RumbleON, Twin Vee PowerCats, and China Liberal Education saw losses.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 9:32 pm

ATHX

BAX

CDIO

DVA

FMS

MBRX

PCSA

PXMD

SILK

TPST

YTEN

In Tuesday's after-market session, several health care stocks saw significant movement. Tempest Therapeutics (TPST), Athersys (ATHX), Cardio Diagnostics Hldgs (CDIO), Yield10 Bioscience (YTEN), Processa Pharma (PCSA), and Moleculin Biotech (MBRX) all saw increases, with Tempest Therapeutics leading the gainers with a 325% increase. On the other hand, Silk Road Medical (SILK), DaVita (DVA), Fresenius Medical Care (FMS), Baxter Intl (BAX), PaxMedica (PXMD), and Outset Medical (OM) all saw decreases, with Silk Road Medical leading the losers with a 33.9% decrease.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 9:32 pm

AIXI

ALAR

ETWO

MYSZ

PRST

RBT

In Tuesday's after-market session, several information technology stocks saw significant movement. My Size, Rubicon Technologies, Remark Hldgs, Akerna, Rackspace Tech, and Rekor Systems experienced gains, while E2open Parent Holdings, Alarum Technologies, Mobilicom, Presto Automation, Smith Micro Software, and XIAO-I saw declines. E2open and Presto Automation's Q2 earnings reports were released.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 9:32 pm