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BROG

Brooge Energy Limited (NASDAQ:BROG) has received a formal acquisition proposal from Gulf Navigation Holdings PJSC, a maritime and shipping giant listed on the Dubai Financial Market. The offer includes a complete takeover of all assets and businesses of Brooge Energy. The transaction, if agreed upon, is expected to close in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 11:45 am

AAPL

INTC

PLTR

QQQ

SPY

TLT

The equity market continues to face uncertainty due to unclear interest rate trajectory and political instability. High bond yields and increased job openings have further weakened the market. The S&P 500, Nasdaq, and Dow are all at a four-month low. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF have both seen a decrease in premarket trading. Apple's stock has been downgraded, while Palantir and Intel have seen increases due to recent announcements. The iShares 20+ Year Treasury Bond ETF is also seeing a drawdown.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 11:27 am

CEI

FLNG

GPRE

RCON

The article lists four energy stocks that are considered oversold and may present buying opportunities. These include Recon Technology (RCON), Camber Energy (CEI), Green Plains Inc. (GPRE), and FLEX LNG Ltd. (FLNG). All these stocks have an RSI value below 30, indicating they may be undervalued.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 11:20 am

NMRK

Raymond James analyst Patrick O'Shaughnessy has downgraded Newmark Group (NASDAQ:NMRK) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:11 am

ANGO

AngioDynamics has reaffirmed its fiscal year 2024 net sales to be in the range of $328 to $333 million, with a gross margin of approximately 50% to 52% and an adjusted loss per share in the range of $0.28 to $0.34. These figures are in line with consensus estimates. The company's FY23 pro forma revenue, gross margin, and adjusted loss per share, excluding assets divested to Merit Medical, were $306.3 million, 50.5%, and $0.43, respectively.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:11 am

TLRY

Tilray Brands has reiterated its adjusted EBITDA target for FY24, expecting it to be between $68M-$78M, an increase of 11%-27% year over year. The company also anticipates generating positive adjusted free cash flow.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:09 am

PXLW

Pixelworks has announced that it expects its Q4 total revenue to be at least $19M, which is higher than the estimated $17M.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:09 am

PEV

Phoenix Motor Inc. (NASDAQ:PEV) has launched its Gen 4 retrofit electrification solution for medium-duty vehicles. The solution can be used to electrify a range of current internal combustion engine vehicles. The retrofit solutions aim to alleviate the cost of new EVs and long lead times due to limited availability, allowing fleets to electrify their existing assets, lower capital requirements, and reduce the time to deploy zero-emission alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:05 am

TSE

Jefferies analyst Laurence Alexander has downgraded Trinseo (NYSE:TSE) from Buy to Hold and lowered the price target from $22 to $9.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 11:00 am

ATEN

A10 Networks Inc's shares are down by around 13% due to worse-than-expected preliminary Q3 revenues and Q4 guidance. The company cites industry headwinds and delays from North American service provider customers as reasons for the downturn. Despite this, the company maintains robust profitability and cash generation, preserving a strong balance sheet.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 11:00 am