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ERIC

IBM

Three tech stocks with over 4% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Telefonaktiebolaget LM Ericsson (ERIC) with a dividend yield of 5.10%, International Business Machines Corporation (IBM) with a yield of 4.64%, and ADTRAN Holdings, Inc. (ADTN) with a yield of 4.34%. Recent news for these companies include Ericsson's expanded partnership with Google Cloud, IBM's collaboration with Salesforce, and ADTRAN's worse-than-expected Q2 sales results.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:52 pm

CUEN

GROM

LQR

LYT

The article lists four oversold stocks in the communication services sector that may perform well in the short term. These include LQR House Inc. (NASDAQ:LQR), which announced a strategic partnership with Cannon Estate Winery for expanded Canadian distribution, Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT), which disclosed the set up and launch of LYTUS STUDIOS in the USA, Grom Social Enterprises, Inc. (NASDAQ:GROM), which priced a $3 million offering, and Cuentas Inc. (NASDAQ:CUEN), which saw its stock fall 28% over the past month.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:51 pm

BLK

BTCUSD

SPY

The SEC has delayed Bitcoin ETF proposals from Blackrock and Valkyrie. Elon Musk has been censored on his own app. S&P 500 and Nasdaq futures point to a strong open ahead of key inflation data. More than $7M has been bet on Howard Hughes. Nike, OPKO Health, and other big stocks are moving higher in Friday's pre-market session. Investor fear is easing as US stocks rise following economic reports. Robert Kiyosaki is back to loving Bitcoin, thanks to fear of CBDCs. Pepe Coin is outpacing Dogecoin and Shiba Inu with a 12% surge. Bitcoin, Ethereum, and Dogecoin spike as Valkyrie Funds secures SEC approval for ETH ETF futures.

Portfolio Pulse from Akanksha Bakshi

September 29, 2023 | 12:47 pm

DOGEUSD

SHIBUSD

Two brothers from New York became millionaires overnight after investing in Shiba Inu (CRYPTO: SHIB), a meme coin initially created as a joke. They initially invested $200 each and later added $100 each when the coin's value had already gained 300%. Their original stake of $7,900 was worth nearly $9 million as of May 14, 2021. However, if they held onto their SHIB today, they would be facing a significant loss of $5.49 million due to SHIB’s trading value dropping.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 12:45 pm

TSLA

Piper Sandler analyst Alexander Potter has cut his Q3 delivery estimates for Tesla from 515,000 units to 445,000 units, a 13.6% reduction, due to downtime in Tesla’s Giga Shanghai and Giga Austin plants. Despite this, Potter does not expect Tesla's stock to sell off if Q3 results miss expectations. He maintains his full-year estimates for Tesla and the $300 price target. However, GLJ Research’s Gordon Johnson criticized Potter's positive analysis, noting that Tesla's deliveries will likely decline for the fifth quarter in 28 quarters.

Portfolio Pulse from Shanthi Rexaline

September 29, 2023 | 12:43 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) has denied recent media reports that inaccurately described certain conditions established by the Brazilian Courts as an 'injunction' that could impede the company's future operations and its Phase 2 & 3 expansion. The company affirmed that its expansion plans are proceeding as planned. The Brazilian Courts authorized the transfer of two Exploration Sub-Plots by RIX Mineração S.A. to Sigma Brazil without cost. Any compensation due to RIX is an internal matter and does not impact Sigma Brazil or Sigma Lithium.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:42 pm

NWL

The Securities and Exchange Commission (SEC) has charged Newell Brands Inc. and its former CEO, Michael Polk, with misleading investors about the company's core sales growth. The SEC found that in 2016 and 2017, Newell and Polk manipulated the company's publicly disclosed core sales growth, which did not align with the actual sales trends. Newell and Polk have agreed to settle the SEC charges and will pay civil penalties of $12.5 million and $110,000, respectively.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:35 pm

APRN

Meal kit company Blue Apron Holdings Inc (NASDAQ:APRN) has entered into a definitive merger agreement to be acquired by food-delivery firm Wonder Group. Blue Apron stockholders will receive $13.00 in cash per share, representing an equity value of approximately $103 million. The deal is expected to enhance both companies' abilities to deliver chef-curated meals with high-quality ingredients to more customers nationwide. The transaction is expected to close in the fourth quarter of 2023.

Portfolio Pulse from Shivani Kumaresan

September 29, 2023 | 12:33 pm

SPY

The USA PCE Price Index for August has been reported at 0.4%, which is lower than the estimated 0.5% but higher than the prior value of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:31 pm

NVO

Novo Nordisk A/s (NYSE:NVO) plans to introduce its weight-loss drug Wegovy in India by 2026, subject to regulatory approvals and supply adequacy. The move is strategic, given the high obesity rates in India. However, the company warns against purchasing counterfeit versions of Wegovy, which are already available online. Despite concerns over market maturity and pricing, Novo Nordisk remains confident about the drug's potential in India.

Portfolio Pulse from Vandana Singh

September 29, 2023 | 12:31 pm