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SRT

Startek has announced an agreement to be acquired by funds managed by CSP Management Limited for $4.30 per share in cash. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:28 pm

AAPL

ASML

QCOM

TSM

Huawei's new smartphone series, powered by its proprietary Kirin 9000s chips, has sparked concerns in the US about its ability to curb China's tech ambitions. The Kirin 9000s chips deliver comparable performance to Qualcomm's Snapdragon 888. The US is reportedly planning to update its restrictions on the export of AI chips and semiconductor production equipment to China. Huawei continues to be one of Qualcomm’s major customers, purchasing between 23 million and 25 million chips from Qualcomm last year. However, if Huawei can produce the Kirin 9000s chip at a slightly higher cost, it may reduce its purchase of some of its higher-end chips from Qualcomm next year.

Portfolio Pulse from The Bamboo Works

October 10, 2023 | 1:27 pm

CRWD

EQT

FLNG

HUM

On CNBC's 'Halftime Report Final Trades', four stocks were highlighted: CrowdStrike Holdings (CRWD), Humana Inc. (HUM), FLEX LNG Ltd. (FLNG), and EQT Corporation (EQT). CRWD shares hit a new 52-week high due to potential cyberattack concerns. HUM was maintained with a Buy rating and a raised price target by Jefferies. FLNG, with a 10.5% dividend yield, saw shares decline around 11% over the past six months. EQT was picked amid higher natural-gas prices and is expected to issue its Q3 financials on Oct. 25, 2023.

Portfolio Pulse from Priya Nigam

October 10, 2023 | 1:26 pm

EMR

NATI

Hyatt Hotels Corp (H) is set to join the S&P MidCap 400, replacing National Instruments Corp (NATI) which is being acquired by Emerson Electric Co (EMR). This change will take effect before the market opens on Thursday. Hyatt's shares have risen 15.49% year-to-date and were up 6.27% at the time of the report. The company is due to report Q3 results on Nov. 2, with analysts expecting earnings of 62 cents per share on revenue of $1.632 billion.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:19 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has received EU GMP certification for its cannabis cultivation facility in Kincardine, Ontario. This certification allows the company to continue exporting certified medical cannabis to medical markets in Europe and globally. The company's shares traded 5.04% higher in Tuesday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

October 10, 2023 | 1:18 pm

AEP

GTN

MRVL

SNOW

USB

VEEV

Jim Cramer, on CNBC’s 'Mad Money Lightning Round', recommended buying Veeva Systems Inc. (VEEV) and Marvell Technology, Inc. (MRVL), which has seen its shares surge over 50% YTD. He also spoke positively about Snowflake Inc. (SNOW) and Teekay Corporation (TK), but expressed concerns about U.S. Bancorp (USB) and American Electric Power Company, Inc. (AEP). He did not recommend Gray Television, Inc. (GTN).

Portfolio Pulse from Priya Nigam

October 10, 2023 | 1:16 pm

CRM

Salesforce Inc.'s (NYSE:CRM) share price is currently at $208.24, after a 0.49% increase. Despite a 6.77% decrease over the past month, the stock has risen by 45.23% over the past year. The company's P/E ratio of 129.51 is higher than the Software industry's aggregate P/E ratio of 122.1, suggesting that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:15 pm

RGLD

Royal Gold, Inc. (NASDAQ:RGLD) announced that its subsidiary, RGLD Gold AG, sold approximately 51,300 gold equivalent ounces (GEOs) in Q3 2023, including 37,500 ounces of gold, 613,700 ounces of silver, and 1,500 tonnes of copper. The average realized prices were $1,933 per ounce for gold, $23.50 per ounce for silver, and $8,241 per tonne for copper. The company's Q3 2023 results will be released on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:14 pm

RICK

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) reported a 5.6% YoY increase in Q4 sales for its Nightclubs and Bombshells restaurants, totaling $74.1 million. The increase was primarily due to acquisitions, partially offset by the effect of vacation travel and Texas heat. Nightclubs sales increased by 7.5% YoY, while Bombshells sales decreased by 2.2%. The company also repurchased 32,586 common shares for $2.13 million in 4Q23.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:13 pm

HON

Honeywell International Inc (NASDAQ:HON) has announced a realignment of its business segments to drive organic sales growth and inorganic capital deployment. The new segments, effective Q1 FY24, are Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. The company reaffirmed its Q3 guidance for sales at $9.1 billion-$9.3 billion and segment margin at 22.3%-22.6%. HON shares are trading higher by 0.40% at $187.26 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 1:13 pm