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CODA

Coda Octopus Group (NASDAQ:CODA) reported Q3 earnings of $0.09 per share, missing the analyst consensus estimate of $0.12 by 25%. This is a 43.75% decrease from the same period last year. The company also reported quarterly sales of $4.89 million, missing the analyst consensus estimate of $6.20 million by 21.12%. This is a 22.00% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 10:01 am

LDOS

RKLB

Rocket Lab USA Inc (RKLB) has signed a contract with Leidos Holdings Inc (LDOS) to launch four HASTE (Hypersonic Accelerator Suborbital Test Electron) missions. The missions are scheduled across 2024 and 2025 and will lift off from Rocket Lab Launch Complex 2 at Virginia's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility. The project was awarded by Naval Surface Warfare Center (NSWC) Crane through the Strategic and Spectrum Missions Advanced Resilient Trusted Systems (S2MARTS) Other Transaction Authority (OTA) vehicle on behalf of the U.S. Department of Defense Test Resource Management Center (TRMC).

Portfolio Pulse from Shivani Kumaresan

September 13, 2023 | 9:45 am

SPY

VGK

Ukraine's military has successfully hit naval targets and port infrastructure in Sevastopol Bay, according to Reuters. This could potentially impact global markets and ETFs such as SPY and VGK.

Portfolio Pulse from Charles Gross

September 13, 2023 | 9:41 am

Ford Motor Co. plans to double the production of its F-150 hybrid pickup truck due to slower-than-expected sales of its all-electric vehicles. The company aims to increase sales of the V-6 hybrid model to about 20% in the U.S. during the 2024 model year. Ford's decision follows CEO Jim Farley's statement in late July about quadrupling the production of gas-electric hybrids while increasing EV production at a slower pace. The company also announced that the hybrid engine will be available for the same price as the company's 3.5-liter V6 EcoBoost engine.

Portfolio Pulse from Benzinga Neuro

September 13, 2023 | 9:29 am

AAPL

FXI

The Chinese government has denied reports of a ban on Apple's iPhones, according to a Wall Street Journal article citing a government spokesperson.

Portfolio Pulse from Charles Gross

September 13, 2023 | 9:28 am

NVO

Novo Nordisk's Board of Directors has approved a 2:1 stock split of the company's B shares listed on Nasdaq Copenhagen and its American Depositary Receipts (ADRs) listed on the New York Stock Exchange (NYSE). The split will be effective from September 20, 2023.

Portfolio Pulse from Charles Gross

September 13, 2023 | 9:06 am

VGK

Eurozone's industrial production for July has decreased by 1.1%, which is worse than the estimated decrease of 0.7%. The prior figure was a growth of 0.4% (revised).

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:00 am

BYDDF

NIO

XPEV

Shares of Chinese electric vehicle (EV) manufacturers are trading lower in the premarket following reports of potential tariffs by the European Union (EU). The companies mentioned include BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

September 13, 2023 | 8:54 am

BYDDF

FXI

NIO

XPEV

The European Commission has initiated an investigation to determine if tariffs are necessary on Chinese electric vehicle manufacturers that are benefiting from state subsidies. This could potentially impact Chinese EV manufacturers listed in the US, including BYD Co Ltd (BYDDF), Li Auto Inc. (LI), NIO Inc. (NIO), and XPeng Inc. (XPEV), as well as the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Charles Gross

September 13, 2023 | 8:52 am

CBRL

MAMA

REVG

SBOW

SMTC

Cracker Barrel, Mama's Creations, REV Group, SilverBow Resources, and Semtech Corporation are stocks to watch on Wednesday. Cracker Barrel and REV Group are expected to report earnings, while Mama's Creations reported upbeat Q2 results. SilverBow Resources announced a proposed public offering of common stock, and Semtech is also expected to report earnings.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 8:34 am