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EWT

VGK

Taiwanese semiconductor suppliers are targeting Europe's next-generation factories, according to Financial Times. This move could potentially impact the performance of related ETFs such as EWT and VGK.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:52 pm

PRST

Presto has announced the appointment of Nathan Cook as its new interim CFO. Additionally, major shareholder Cleveland Avenue has agreed to increase its ownership in Presto with a $3 million investment in the company's common stock. Shareholders holding 53% of the issued shares have also agreed not to sell or dispose of any shares until December 23, 2024.

Portfolio Pulse from Happy Mohamed

October 10, 2023 | 8:49 pm

ETWO

E2open Parent Holdings Inc (NYSE:ETWO) reported Q2 earnings of four cents per share, missing the analyst consensus estimate of five cents. The company also reported quarterly sales of $157.70 million, missing the analyst consensus estimate of $159.66 million. The company's shares fell 9.34% in the after-hours session. E2open anticipates full-year 2024 subscription revenue to be between $530 million and $538 million and total revenue to be between $625 million and $635 million.

Portfolio Pulse from Ryan Gustafson

October 10, 2023 | 8:48 pm

DISC

Disc Medicine Inc plans to offer and sell shares of common stock with an aggregate offering price of up to $59.7M from time to time.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:41 pm

CIVI

Civitas Resources has announced an offering and resale by selling stockholders of up to 13.5 million shares. The company has not disclosed the price at which the shares will be sold.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:39 pm

AAPL

GOOG

NVDA

TSLA

Satori Fund founder Dan Niles is long on Alphabet Inc (NASDAQ:GOOG) and Nvidia Corp (NASDAQ:NVDA) heading into earnings, expecting 'beat and raise quarters' from both. However, he is short on Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL) due to high valuations and potential headwinds. Niles noted that the group of tech giants, known as the 'magnificent seven', generates more than 50% of their revenues from outside the U.S., and the strengthening dollar could pose a significant headwind for company guidance this quarter.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 8:38 pm

TPST

Tempest Therapeutics announced plans to report new and updated data from the global randomized combination study of TPST-1120 in first-line hepatocellular carcinoma. The announcement is expected to be made in a premarket press release on Wednesday, October 11th.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:35 pm

SNX

TD SYNNEX Corporation (SNX) has announced a secondary public offering of 6.75 million shares of its common stock held by entities managed by affiliates of Apollo Global Management and other selling stockholders. The underwriters have a 30-day option to purchase up to an additional 1.01 million shares. TD SYNNEX is also authorized to purchase 2.75 million shares as part of the offering, provided the total amount repurchased does not exceed $280 million. The repurchase is part of the company's existing share repurchase program and will be funded from existing cash on hand.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:34 pm

HOFV

Hall of Fame Resort & Entertainment has announced a proposed public offering of common stock and warrants. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:31 pm

VALE

A significant amount of unusual options activity has been observed for Vale (NYSE:VALE), with a majority of investors taking a bullish stance. Of the 20 strange trades detected, 70% were bullish and 30% were bearish. The total amount for puts was $899,749 and for calls was $369,906. Whales have been targeting a price range from $10.0 to $20.0 for Vale over the last 3 months. The price of VALE is currently up 2.64% at $13.2.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 8:30 pm