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ADP

Private sector employment growth in the US has slowed for the third consecutive month, with 89,000 new payrolls added in September, down from 177,000 in August and below the expected 153,000, according to Automatic Data Processing Inc. (ADP). This is the slowest pace of monthly employment gains reported by ADP since January 2021. Factors contributing to the slowdown include elevated interest rates, reduced discretionary spending, and concerns about a potential US government shutdown.

Portfolio Pulse from Piero Cingari

October 04, 2023 | 12:25 pm

FEMY

LFMD

RENB

SLNO

The article lists five health care stocks that are considered overbought and may plunge in October. These include Femasys Inc. (FEMY), Kineta, Inc. (KA), LifeMD, Inc. (LFMD), Soleno Therapeutics, Inc. (SLNO), and Renovaro Biosciences Inc. (RENB). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought. All five stocks saw a decrease in their share prices on Tuesday.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:25 pm

MMM

PODD

Insulet Corp's CFO, Wayde McMillan, has resigned and will join 3M Company as CFO of its Health Care business. Insulet has appointed Lauren Budden as Interim CFO and Treasurer and has initiated a search for a permanent successor. Despite the resignation, Insulet reaffirmed its Q3 and FY23 revenue and margin outlook. PODD shares are trading lower by 1.15% premarket.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 12:17 pm

GAMC

Bolt Threads, a pioneer in sustainable biomaterials for consumer products, has entered into a definitive business combination agreement with Golden Arrow Merger Corp. (NASDAQ:GAMC). The deal values Bolt Threads at $250M and is expected to provide at least $35M of gross proceeds to the company. The transaction is expected to enable high-volume distribution and adoption of Bolt Threads' biomaterials in consumer goods, starting with beauty and personal care. Upon closing, the combined company will be named 'Bolt Projects Holdings, Inc.' and is expected to remain listed on Nasdaq under a new ticker symbol 'BSLK'.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:16 pm

AEMD

Aethlon Medical, Inc. (AEMD) has announced a 1-for-10 reverse stock split. This action is typically taken by companies to increase the market price of their shares and attract investors.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:13 pm

Kineta, Inc. (NASDAQ:KA) has announced a registered direct offering of 890,208 shares of common stock at $3.37 per share, expected to generate approximately $3 million in gross proceeds. The company will also issue unregistered warrants to purchase up to 890,208 shares of common stock at $3.25 per share. The offering is expected to close on October 5, 2023. The proceeds will be used for working capital purposes.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 12:07 pm

CNVS

CURO

PFHO

Insiders at Pacific Health Care Organization, Cineverse Corp., and CURO Group Holdings have recently purchased shares in their respective companies. Pacific Health Care's CEO and President bought 55,000 shares at $0.80 each, Cineverse's CFO acquired 10,000 shares at $1.15 each, and CURO Group's CEO and a Director bought a total of 36,000 shares at $1.04 each. This could indicate their confidence in the companies' prospects.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:05 pm

AGIL

ATEN

BCLI

BROG

CALM

CAMP

FEMY

FLJ

FNGR

GLBS

GVP

LAC

LIFW

MKUL

PTPI

SNTI

SONX

TPET

VEDU

VQS

Several stocks are experiencing significant pre-market movements. Brainstorm Cell Therapeutics (BCLI), Sonendo (SONX), Senti Biosciences (SNTI), Brooge Energy (BROG), Visionary Education Technology Holdings Group (VEDU), Trio Petroleum (TPET), FLJ Group (FLJ), Globus Maritime (GLBS), FingerMotion (FNGR), and CalAmp Corp. (CAMP) are among the gainers. Lithium Americas (LAC), Molekule Group (MKUL), MSP Recovery (LIFW), Femasys (FEMY), Petros Pharmaceuticals (PTPI), AgileThought (AGIL), VIQ Solutions (VQS), GSE Systems (GVP), Cal-Maine Foods (CALM), and A10 Networks (ATEN) are among the losers.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 12:03 pm

BTCUSD

Cameron and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, filed for a Bitcoin ETF in 2013, which was rejected by the SEC. Since then, the value of Bitcoin has increased by over 300 times. The SEC has postponed decisions on several Bitcoin ETF proposals, including those from BlackRock and Valkyrie. If one had invested $100 in Bitcoin in 2013, they would now have a profit of $30,500.

Portfolio Pulse from Mehab Qureshi

October 04, 2023 | 12:03 pm

VINO

Gaucho Group Holdings Inc (NASDAQ:VINO) plans to sell two of its retail properties in Argentina to accelerate stockholder value. The proceeds from the sale, priced at $2 million and $0.7 million, will be used for debt reduction. The company aims to focus on its primary ventures, notably Algodon Wine Estates, which has a revenue potential of about $80 million in the coming years. The company expects FY23 revenues to exceed $6 million, primarily from the vineyard estate lots at Algodon Wine Estates.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 12:01 pm