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CRGY

Crescent Energy has priced its upsized public offering of 11 million common shares at $12.25 per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:34 am

AAPL

ABM

NVDA

RH

SAIC

US stocks settled lower on Wednesday, with NVIDIA Corporation (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL) shares losing more than 3%. The Dow Jones closed lower by around 199 points. The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. Investors are awaiting earnings results from Science Applications International Corporation (NYSE:SAIC), ABM Industries Incorporated (NYSE:ABM) and RH (NYSE:RH).

Portfolio Pulse from Lisa Levin

September 07, 2023 | 6:21 am

AMKR

Amkor Technology has priced a secondary offering of 10 million common shares by the Kim family at $24 per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:15 am

GIII

G-III Apparel Group, Ltd. (NASDAQ:GIII) is expected to report a sharp decline in its Q2 2024 earnings, with analysts predicting earnings of 1 cent per share, down from 39 cents per share in the previous year. The company's revenue is also expected to decrease to $592.32 million from $605.24 million. G-III Apparel shares fell 0.5% to close at $19.30 on Wednesday. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 6:01 am

EWG

VGK

Germany's industrial production for July fell by 0.8%, more than the estimated 0.5% and a decrease from the revised prior of -1.4%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:01 am

EWU

The U.K. Halifax House Price Index for August shows a year-on-year decrease of 4.6%, worse than the estimated 3.5% and the revised prior of 2.5%. The month-on-month index for August also decreased by 1.9%, compared to the estimated 0.3% and the revised prior of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:01 am

F

TSLA

Tesla, Inc. (NASDAQ:TSLA) is nearing the commercial launch of its Cybertruck. Tesla investor and Future Fund Managing Partner Gary Black predicts three variants of the Cybertruck with prices ranging from $49,900 to $79,900. Black believes the Cybertruck will boost Tesla's volume growth, similar to the impact of the Model Y launch in 2020. He also mentioned that Ford Motor Co's (NYSE:F) F-150 Lightning lineup starts at $49,995, and its top-tier F-150 Lightning Platinum starts at $91,995.

Portfolio Pulse from Shanthi Rexaline

September 07, 2023 | 5:54 am

GATO

Gatos Silver has updated its mineral reserves, resources, and life of mine (LOM) plan for the Cerro Los Gatos Mine. The mine life has been extended by 2.75 years to the end of 2030, with a 46% increase in total silver production. There are significant opportunities available for further optimization, growth, and mine life extension.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:41 am

PROF

Profound Medical has initiated an at-the-market offering of up to $30 million. The company plans to use the proceeds for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:35 am

AAPL

FXI

China is planning to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies. This could pose significant challenges for Apple Inc. in its biggest foreign market and global production base. Several agencies have already begun instructing staff not to bring their iPhones to work.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:51 am