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OMGA

Omega Therapeutics announced that it will present new preclinical data supporting the potential of OTX-2101 at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 2:44 pm

TLT

Economist Mohamed El-Erian warns of a potential stagflation risk and recession threat for the US economy by 2024 due to soaring interest rates, a strong dollar, and climbing oil prices. The yield on the benchmark US 10-year bond has surged, contributing to higher borrowing costs and an uneven pattern of deposit outflows from the banking system. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has fallen 16% year to date, and more than 50% since its 2020 highs.

Portfolio Pulse from Piero Cingari

October 05, 2023 | 2:41 pm

CDAY

Ceridian HCM Holding's stock has been upgraded from Hold to Buy by Needham, leading to a rise in the company's shares.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 2:41 pm

RGP

Resources Connection Inc (NASDAQ:RGP) shares fell by around 8% after the company reported Q1 FY24 results. The company reported revenue of $170.2 million, slightly beating the consensus of $170.14 million, but lower than the prior year's $204.1 million. The gross margin of 39.4% was below last year's 40.9% due to a higher pay/bill ratio and a decrease in leverage on cost of service. Adjusted EPS of $0.20 missed the street view of $0.23.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 2:41 pm

AR

OSG

PBA

PBR

SD

The article provides an overview of value stocks in the energy sector, highlighting Petrobras Brasileiro (PBR), SandRidge Energy (SD), Antero Resources (AR), Pembina Pipeline (PBA), and Overseas Shipholding Gr (OSG) as notable examples. The companies' P/E ratios and recent earnings per share are discussed, with some experiencing decreases and others remaining stable or increasing.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:39 pm

NBIX

Neurocrine Biosciences announced that its Phase 3 CAHtalyst Pediatric Study met its primary endpoint, leading to a rise in the company's shares.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 2:39 pm

VSME

VS Media Holdings Limited (NASDAQ:VSME) announced the closing of its IPO of 2 million shares priced at $5 per share and its expansion into Macau through a partnership with MLink Limited. The company's shares are volatile with more than 18.5 million shares traded on Thursday, compared to the average of 3.661 million shares. The shares are up 3% at $4.80.

Portfolio Pulse from Erica Kollmann

October 05, 2023 | 2:36 pm

CEI

Camber Energy Inc's (CEI) shares are trading higher for the second consecutive day, following the announcement that its subsidiary, Simson-Maxwell, has entered into an agreement with Planeteq, making it the exclusive distributor of Viking Ozone Technology's waste treatment systems in the UK. The company's trading volume has exceeded 18 million, surpassing its average session volume of 5 million. Despite the recent surge, the company's shares are down more than 80% year-to-date.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 2:34 pm

ALXO

ALX Oncology Holdings Inc (NASDAQ:ALXO) announced the pricing of a public offering of approximately 7.37 million common stock shares at $6.38 per share and 1.25 million pre-funded warrants at $6.379 per warrant. The gross proceeds are expected to be around $55.0 million. The company plans to use the proceeds for clinical development and general corporate purposes.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 2:33 pm

BRCC

RUM

The Bear Cave has issued a short report on Rumble (NASDAQ:RUM), a conservative video platform, highlighting several issues including a shrinking user base, increasing losses, difficulty expanding into mainstream content, legal issues for its major stars, competition from Twitter, and an exodus of advertisers. The report also mentions Black Rifle Coffee (NYSE:BRCC), a Rumble advertiser, which has faced controversy and allegations of improper stock grants.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 2:32 pm