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FDX

FedEx has updated its FY24 EPS forecast to $17-$18.50, compared to the prior forecast of $16.50-$18.50. This is before the MTM retirement plans accounting adjustments and excluding costs related to business optimization initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:07 pm

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading lower in line with the broader market following the Federal Reserve's decision to maintain the federal funds rate. The company's stock, like many tech companies, is often valued based on expectations of future growth and earnings. A potential future rate hike could lead to a reevaluation of valuation models, potentially resulting in a lower valuation for AMD and a decrease in its stock price.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 8:05 pm

ENVX

Enovix has announced the acquisition of privately-held Korean battery manufacturer Routejade in a cash and stock deal. The total consideration consists of approximately 6.2 million shares of Enovix common stock and $16.5 million in cash, assuming the purchase of 100% of Routejade.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:03 pm

TRNS

Transcat, Inc. has announced a proposed public offering of its common stock. The terms of the offering have not been disclosed yet.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:02 pm

UPTD

Shares of TradeUP Acquisition Corp. have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:00 pm

UPTD

Shares of TradeUP Acquisition Corp. were halted on a circuit breaker due to a significant upside movement. The stock is now up by 25.2%.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:59 pm

UPTD

TradeUP Acquisition Corp. has announced that each investor will purchase an aggregate of $5M shares of the company's stock, at a price per share of $10, concurrently with the closing of the business combination, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:58 pm

WING

Wingstop Inc (NASDAQ:WING) has entered into an accelerated share buyback agreement with Morgan Stanley to repurchase $125.0 million worth of common stock. The company's same-store sales are expected to exceed consensus estimates for Q3 and grow in the 8%+ range. Wedbush analyst Nick Setyan upgraded Wingstop from Neutral to Outperform and raised the price target from $180 to $200.

Portfolio Pulse from Priya Nigam

September 20, 2023 | 7:57 pm

TSLA

Tesla Inc's shares are trading lower, down by 1.1% to $263.70, in line with the broader market following the Federal Reserve's decision. The company, which relies on borrowing for various purposes, could face higher borrowing costs if the Federal Reserve hints at future rate hikes. Tesla has historically burned through significant amounts of cash and carries substantial debt, so higher interest rates could increase its interest expenses, potentially impacting profitability and cash flow.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 7:55 pm

ABAT

ABML

American Battery Technology Company (ABTC) has received approval to list its common stock on the Nasdaq Capital Market under the symbol 'ABAT', with trading expected to start on September 21, 2023. Prior to this, the company's shares were traded on the OTCQX under the symbol 'ABML'. The uplisting to Nasdaq is a strategic move for ABTC, aimed at enhancing shareholder value and expanding its reach in the capital markets.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:53 pm