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GDC

XPEV

GD Culture Group Limited is expanding its Grids of the Future portfolio with TikTok to boost its live-streaming e-commerce business. Hawaiian Electric shares are trading higher after the company responded to a lawsuit filed by the County of Maui. XPENG is planning to expand in the A-class Smart EV segment through a strategic partnership with DiDi.

Portfolio Pulse from ryanfaloona@benzinga.com

August 28, 2023 | 12:44 pm

PCYO

UTL

The article lists the top 3 oversold utilities stocks that could potentially rise in Q3. These include Unitil Corporation (UTL), Pure Cycle Corporation (PCYO), and Hawaiian Electric Industries (HE). UTL posted weaker-than-expected earnings but has a disciplined approach to cost management. PCYO has appointed a new CFO, Marc Spezialy. HE shares traded lower after Maui County filed a lawsuit against the company and it suspended its quarterly cash dividend.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:42 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported Q2 earnings of 33 cents per share, beating the analyst consensus estimate of 32 cents. The company also reported quarterly sales of $1.34 billion, surpassing the analyst consensus estimate of $1.33 billion. However, the company's shares traded lower after Morgan Stanley cut the price target from $68 to $65. B. Riley Securities raised the price target from $75 to $77. The article also discusses how investors can earn a regular monthly income from Marvell's dividend yield.

Portfolio Pulse from Priya Nigam

August 28, 2023 | 12:39 pm

Hersha Hospitality Trust (NYSE:HT) announced a merger with KSL Capital Partners LLC, with KSL acquiring all outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. This represents a premium of approximately 60% over Hersha's closing share price on August 25, 2023. The transaction is expected to be completed in Q4 2023, after which Hersha's shares will no longer be listed on any public securities exchange.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 12:39 pm

BYDDF

BYDDY

JBL

Jabil Inc has reached a preliminary agreement for the potential sale of its Mobility business to BYD Electronic for $2.2 billion. This has resulted in a rise in Jabil's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:29 pm

BSX

Boston Scientific's FARAPULSE treatment for atrial fibrillation has met its primary endpoints, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:22 pm

VFS

Shares of VinFast, a Vietnamese automaker, continued to rise after gaining approximately 40% on Friday.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:19 pm

WMT

Walmart Inc. has settled a lawsuit filed by the University of California over allegations of light-bulb patent infringement. The case will be dismissed with prejudice, meaning it cannot be refiled. This lawsuit is one of several filed by the University of California against U.S. merchants over products sold from China. Walmart's shares are trading slightly higher in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 12:11 pm

DOGEUSD

ETHUSD

FLOKIUSD

Floki (CRYPTO: FLOKI), a cryptocurrency inspired by Elon Musk's pet Shiba Inu, has seen a rapid rise in popularity since its inception in 2021, with listings on over 100 exchanges and 470,000 holders. In 2023, Floki's value increased by 118%. A recent tweet by Musk boosted Floki's price briefly. Floki operates as an ERC-20 smart contract on the Ethereum (CRYPTO: ETH) blockchain. Currently, Floki is trading at $0.0000174 per coin, and if it were to reach $0.1749, a $100 investment would be worth approximately $1.1 million.

Portfolio Pulse from Mehab Qureshi

August 28, 2023 | 12:10 pm

APM

ELIQ

LQR

VHNA

Several stocks are experiencing significant pre-market trading movements. Vahanna Tech Edge Acquisition I Corp. (VHNA) rose 48.6% after announcing an additional contribution to its trust account. LQR House Inc. (LQR) shares gained 41.2% following the authorization of a share repurchase program and a marketing partnership with Gold Standard Media. On the other hand, Electriq Power Holdings, Inc. (ELIQ) fell 14% and Aptorum Group Limited (APM) shares fell 13.6% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 12:09 pm