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PRZO

Trading of ParaZero Technologies shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:48 pm

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PRZO

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US stocks traded lower following the release of September's jobs data. The Dow fell 0.44%, NASDAQ fell 0.69%, and the S&P 500 fell 0.61%. Nonfarm payrolls rose by 336,000 in September, above market estimates of 170,000. The unemployment rate remained at 3.8%, above market estimates of 3.7%. ParaZero Technologies, Applied UV, and RVL Pharmaceuticals saw their shares rise, while VivoPower International, OMNIQ Corp., and Save Foods saw their shares fall.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 1:42 pm

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SPY

US markets are reacting to bond market chaos and high-interest rates, with S&P 500 and Nasdaq futures climbing ahead of key jobs data. Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are tumbling ahead of this data, with the US Treasury flagging Bitcoin and Ethereum linked to Chinese Fentanyl trade. In the electric vehicle sector, Renault, Volvo, and CMA CGM are partnering for a new line of electric vans, while Tesla has made price cuts that could impact Wall Street EPS projections. Exxon Mobil is reportedly nearing a $60B deal to buy Pioneer Natural Resources.

Portfolio Pulse from Akanksha Bakshi

October 06, 2023 | 1:40 pm

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Bitcoin and Ethereum prices fell below $28,000 and $1,700 respectively. The global crypto market cap also fell to $1.08 trillion, a 24-hour decline of 0.7%. Trust Wallet Token was the top gainer over the past 24 hours, while THORChain was the biggest loser.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 1:39 pm

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Major US chip companies Nvidia, Intel, and Qualcomm are opposing the Biden administration's efforts to impose additional restrictions on semiconductor sales to China. The companies argue that such regulations could harm their businesses and inadvertently boost China's independent chip industry. They warn of a severe impact on their revenues and the US semiconductor industry. The US government recently committed $50 billion to the semiconductor industry to bolster American chip manufacturing and counter China.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 1:32 pm

PBR

Petrobras Brasileiro Inc. (NYSE:PBR) is currently trading at $13.66, after a 0.87% drop. The stock has decreased by 6.95% over the past month and by 4.07% over the past year. The company's P/E ratio is 2.97, lower than the aggregate P/E ratio of 6.74 in the Oil, Gas & Consumable Fuels industry. This could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:30 pm

PRZO

ParaZero Technologies Ltd. (NASDAQ:PRZO) and its partner OVRL have received the first-ever authorization from Australia's Civil Aviation Safety Agency (CASA) for drones to operate over populated areas and near people when using ParaZero safety systems. This has led to a 60.7% increase in PRZO's premarket shares. Last month, the company received a second order for its custom drone safety system from one of the world's largest automotive manufacturers.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 1:29 pm

AAPL

SSNLF

Samsung Electronics Co Ltd. (OTCPK: SSNLF) is rumored to be considering titanium frames for its forthcoming Galaxy S24 models, a feature borrowed from Apple Inc.’s (NASDAQ:AAPL) iPhone 15 Pro. The shift from stainless steel to titanium could potentially increase the price of the devices. The rumors come amid speculations about Samsung's upcoming Exynos 2400 chipset being less powerful than Apple’s A17 Pro chipset.

Portfolio Pulse from Rounak Jain

October 06, 2023 | 1:20 pm

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HLN

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GSK Plc has raised around $1.08 billion by selling some of its shares in Haleon Plc, reducing its stake to about 7.4%. Pfizer Inc, which holds a 32% stake in Haleon, also plans to reduce its ownership in the coming months. GSK's shares are up 0.58% while Haleon's shares are down 2.03%.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 1:12 pm

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Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round'. He praised Topgolf Callaway Brands Corp. and Vertex Pharmaceuticals Incorporated, but was skeptical about Under Armour, Inc., BlackBerry Limited, and Sabre Corporation. He advised waiting for Shopify Inc.'s stock to come down before buying more, and noted that Kyndryl Holdings, Inc. is doing well.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 1:08 pm