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CMBM

NBTX

ORTX

VINO

WNW

U.S. stocks traded lower following the release of economic reports. The Dow, NASDAQ, and S&P 500 all fell. U.S. initial jobless claims rose by 2,000 to 207,000. Orchard Therapeutics, Meiwu Technology, and SP Plus Corporation saw significant stock increases, while Cambium Networks, Gaucho Group Holdings, and Nanobiotix experienced drops. The U.S. trade gap shrank to $58.3 billion in August, the lowest since Sept. 2020.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:44 pm

CAG

ConAgra Brands Inc reported Q1 FY24 sales of $2.90 billion, missing the consensus of $2.95 billion. Organic sales fell 0.3% Y/Y in Q1, led by a 6.6% Y/Y decline in volume. Adjusted EPS increased 15.8% to $0.66, beating the consensus of $0.60. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. CAG shares are trading higher by 0.62% at $26.69.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 1:37 pm

OSTK

Overstock.com's director, Marcus Lemonis, has purchased 33,000 shares at an average price of $14.94 per share, according to a Form4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:35 pm

LGVN

Longeveron Inc announced positive results from the Phase 2a trial of its investigational product Lomecel-B for mild Alzheimer's disease. The primary endpoint of safety was met, with no significant safety issues raised. Statistically significant improvement was observed in Composite Alzheimer's Disease Score (CADS) and slowing of disease progression. However, LGVN shares are down 4.41% at $2.40 on the last check Thursday.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:33 pm

BTCUSD

ETHUSD

GALAUSD

TWTUSD

Bitcoin and Ethereum edged higher following the U.S. jobless claims report, but remained below key levels. Trust Wallet Token was the top gainer over the past 24 hours, while Gala was the biggest loser. The global crypto market cap rose to $1.09 trillion, recording a 24-hour gain of 0.4%.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:31 pm

CMBM

Cambium Networks Corp (NASDAQ:CMBM) shares dropped by 36.5% after the company announced a cut in its Q3 revenue outlook from $62-$70 million to $40-$45 million. The company cited delayed government orders, slow sector growth, reduced orders, and economic challenges in EMEA as reasons for the cut. The company's full-year 2023 guidance is suspended. Despite lower reported revenues, point-of-sale revenues are up, suggesting reduced channel inventories. The company also has about $27 million in cash and a $45 million unused credit line.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 1:21 pm

HOLI

A buyer consortium led by Recco Control Technology and Dazheng Group has reiterated its all-cash offer of $25 per share for Hollysys. This follows Hollysys' announcement of a formal sale process.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 1:17 pm

BKE

Specialty retailer Buckle Inc (NYSE:BKE) reported an 11.1% YoY drop in comparable store net sales for September 2023. The company's net sales for the month also declined by 10.7% YoY to $103.1 million. For the 35-week period ending September 30, 2023, comparable store net sales decreased by 6.8% and net sales totaled $790.9 million, a decrease of 6.4% Y/Y.

Portfolio Pulse from Akanksha Bakshi

October 05, 2023 | 1:17 pm

AMZN

DIS

EAT

GLD

NVDA

OIL

QQQ

RIVN

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of October 5, 2023. The stocks mentioned are TSLA, NVDA, RIVN, OIL, AI, QQQ, DIS, GLD, AMZN, and EAT.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:15 pm

GEHC

GE HealthCare Techs's (NYSE:GEHC) short percent of float has risen 25.4% since its last report, with 14.20 million shares sold short, which is 3.9% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, GEHC has more short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:15 pm