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INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) has issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares. The letter highlights the company's strong operational execution and recent customer wins. Innoviz is currently participating in over five active RFQ sourcing processes with major automotive OEMs. The company believes it is in a once-in-a-lifetime market share capture window for the automotive LiDAR industry and that the additional cash from the offering will increase its chances of securing further customer wins.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm

FXI

KBE

KRE

SPY

XLF

Pimco suggests that the Chinese economic weakness and falling prices are likely to affect global markets. This could be a near-term positive for Western Central Banks battling inflation.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm

FXLV

F45 Training Holdings Inc (NASDAQ:FXLV) shares dropped by 6.5% to $0.16, hitting a new 52-week low. The company announced its intention to voluntarily delist and deregister its securities due to cost-efficiency and limited benefits of public status. This move follows a NYSE non-compliance notice due to delayed filings and a sub-$1.00 average stock price over 30 days.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 1:28 pm

PSHG

Performance Shipping Inc. (NASDAQ:PSHG) has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The company's shares have been at $1.00 per share or greater for at least ten consecutive business days, from August 1, 2023 through August 14, 2023.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:28 pm

MA

V

Visa Inc's shares are trading lower following a report that the company is facing new scrutiny from the U.S. Justice Department (DOJ) over charging merchants more for not using Visa's 'tokenization' technology. This development is part of a DOJ investigation that began over two years ago. The news comes after competitor Mastercard Inc reached agreements in a case surrounding tokenization practices.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:28 pm

GOOGL

Alphabet (NASDAQ:GOOGL) is showing high relative strength post earnings, resisting market pullback. The company's stock gapped higher following a well-received earnings report and is now consolidating. The article suggests a swing trade setup with risk management, buying a breakout of the diagonal on the GOOG chart combined with the breakout in a horizontal type of pivot.

Portfolio Pulse from Leif Soreide

August 16, 2023 | 1:27 pm

ZIM

ZIM Integrated Shipping Services Ltd reported a 62% Y/Y sales decline to $1.31 billion, missing the consensus of $1.35 billion for Q2. The company generated an EPS loss of $(1.79), vs. consensus of $(0.88). Adjusted EBITDA fell 87% Y/Y to $275 million. The company's total cash position stood at $3.2 billion as of June 30. ZIM shares are trading lower by 5.51% at $12.70 premarket on the last check Wednesday.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 1:26 pm

SNPS

Synopsys, Inc. (NASDAQ:SNPS) is set to report its Q3 2023 financial results on Aug. 16, 2023. Analysts predict earnings of $2.74 per share, up from $2.1 per share a year ago, and revenue of $1.48 billion, up from $1.25 billion. The company's shares closed at $436.74 on Tuesday. Recent analyst ratings include Wells Fargo's Overweight rating with a price target of $505, Baird's Outperform rating with a price target of $447, B of A Securities' upgrade to Buy with a price target of $410, and Stifel's initiation of coverage with a Buy rating and a price target of $445.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:23 pm

DTIL

Precision BioSciences Inc (NASDAQ:DTIL) has completed a strategic transaction with Imugene Limited for global rights to Azercabtagene Zapreleucel (azer-cel), Precision's lead allogeneic CAR T candidate for cancer. Precision will receive upfront economics valued at $21 million in cash and equity, and is eligible for up to $198 million in additional milestone payments and double-digit royalties on net sales. The deal is expected to reduce Precision's annual operating spend by approximately $20 million and extend its cash runway through Q3 of 2025.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 1:23 pm

SPY

USA Manufacturing Production for July increased by 0.5%, beating the estimate of 0.0% and improving from the previous month's decline of 0.5%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:17 pm