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AMZN

GCT

WMT

Culper Research has raised doubts about GigaCloud Technology's success story, highlighting several inconsistencies in the company's narrative. These include an improbably low workforce for their warehouse operations, claims of being significantly more efficient than industry giants, and a lack of hiring activity. The company's last-mile delivery segment, which reportedly generated over $80 million in revenue, is registered with just five vehicles. GigaCloud's shares are down 23.9%.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 2:48 pm

WBD

A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $10.0 to $20.0 for Warner Bros. Discovery over the last 3 months. The current price of WBD is down -2.66% at $10.74. Analysts from Truist Securities, Rosenblatt, and Raymond James have given varied price targets.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:47 pm

BBAR

FBIZ

JMSB

XYF

Benzinga Insights has identified five value stocks in the financial services sector that may be worth watching: X Financial, John Marshall Bancorp, Banco BBVA Argentina, First Business Financial Services, and Woori Financial Group. The selection is based on low P/E multiples, indicating potential undervaluation. Q2 earnings per share have varied among these companies, with some seeing increases and others decreases compared to Q1.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:47 pm

BTCUSD

ETHUSD

FTTUSD

SPY

A U.S. judge has denied Sam Bankman-Fried's request to be released from jail during his trial. The news may impact the prices of BTCUSD, ETHUSD, FTTUSD, and SPY.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:41 pm

CHS

JBL

SLNO

Several US stocks recorded gains in Thursday's session. Chico's FAS shares jumped 61.7% following its acquisition by Sycamore Partners. Soleno Therapeutics gained 22.2% after reporting pricing of a $120 million public offering. Organogenesis Holdings, Shengfeng Development, USA Compression Partners, VinFast Auto, Neumora Therapeutics, Jabil, Suburban Propane Partners, Concentrix Corporation, Sunoco, VNET Group, Sprout Social, Stratasys, and Alcoa Corporation also saw significant gains.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 2:40 pm

DNOW

NOG

SDRL

SLCA

VET

The article lists five value stocks in the energy sector: Seadrill (SDRL), US Silica Holdings (SLCA), Northern Oil & Gas (NOG), Vermilion Energy (VET), and NOW (DNOW). The companies' P/E ratios and recent earnings per share are provided, along with changes in their dividend yields. The article notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:39 pm

OPRA

Opera has announced a proposed secondary follow-on public offering of American Depository Shares, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:37 pm

CVAC

CureVac's shares are trading lower following the announcement that the Regional Court Düsseldorf has decided to suspend proceedings on four intellectual property rights in the infringement lawsuit filed by CureVac against BioNTech.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:36 pm

MBGAF

NIO

TSLA

VWAGY

Nio Inc and Mercedes-Benz have reportedly been in preliminary discussions about a potential collaboration, which could involve investment and technology exchange. However, both companies have denied any such talks. The news highlights a growing trend of collaborations between traditional automakers and new entrants in the automobile industry.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 2:35 pm

SPY

UNG

USO

USA Natural Gas Storage reported a figure of 90B, which is higher than the estimated 88B and the prior figure of 64B.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:33 pm