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CTLT

NVO

TMO

Novo Nordisk (NVO) has enlisted Thermo Fisher Scientific (TMO) as a second contract manufacturer for its weight-loss drug, Wegovy. This move comes after production challenges at Novo Nordisk's factory in Brussels, managed by its first contract manufacturer, Catalent (CTLT). The drug's popularity in the US has prompted the company to meet the soaring demand proactively. NVO stock is up 1.54% and TMO shares are up 3.65%.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 1:37 pm

VCIG

Trading of VCI Global shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:37 pm

VCIG

Shares of VCI Global (VCIG) were halted on a circuit breaker to the upside, with the stock now up by 57.2%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:34 pm

AAPL

AMC

AMD

MRNA

NVDA

PFE

PTON

QQQ

TSLA

The article lists the top 10 stocks on WallStreetBets as of August 23, 2023. The stocks mentioned are NVDA, AMC, TSLA, AI, PTON, PFE, AMD, AAPL, QQQ, and MRNA.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:32 pm

MSFT

VCIG

VCI Global Limited (NASDAQ:VCIG) has partnered with Microsoft Corporation's (NASDAQ:MSFT) Azure Open AI platform to enhance its AI consulting capabilities. The collaboration will allow VCIG to utilize Microsoft Azure OpenAI's advanced AI technology for its current and new projects, including the robosale software. The news has led to a 39.2% increase in VCIG's premarket shares.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2023 | 1:30 pm

COTY

Coty Inc. reported Q2 earnings with sales growth of 16% YoY to $1.35 billion, beating the consensus of $1.31 billion. However, adjusted EPS was $0.01, missing the analyst consensus of $0.02. Following the announcement, Citigroup, Wells Fargo, and Morgan Stanley revised their price targets on Coty. Coty shares fell 2.3% to close at $10.72 on Tuesday.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 1:30 pm

BTCUSD

Bloomberg analyst Mike McGlone has compared Bitcoin's current trajectory to the stock market crash of 1930. Despite the cautionary tone, McGlone also highlighted some bullish aspects, including revolutionary technologies, parabolic price movements, and rampant speculation. However, he noted a key difference: the Federal Reserve Bank of New York began slashing rates in response to plummeting equity prices in 1929, a contrast to today's scenario.

Portfolio Pulse from Murtuza Merchant

August 23, 2023 | 1:28 pm

MANU

Manchester United Ltd (NYSE:MANU) shares are trading higher on reports that an official sale announcement could be just weeks away. The sale to Sheikh Jassim bin Hamad Al Thani for around £6 billion is reportedly in its final stages. The Glazer family, current owners of the club, have been reviewing offers from multiple potential buyers for over eight months.

Portfolio Pulse from Adam Eckert

August 23, 2023 | 1:25 pm

BJ's Wholesale Club Holdings Inc reported Q2 FY23 sales decline of 2.9% YoY to $4.96 billion, missing the analyst consensus of $5.15 billion. Adjusted EPS of $0.97 beat the analyst consensus of $0.90. The company expects FY23 EPS of $3.80-$3.92. Following the earnings announcement, B of A Securities, UBS, and Morgan Stanley lowered their price targets on BJ's Wholesale. The company's shares fell 5.1% to close at $66.16 on Tuesday.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 1:24 pm

BVS

ENTX

MTTR

SWIM

Insiders at Matterport, Latham Group, Bioventus, and Entera Bio have recently acquired shares in their respective companies. Matterport's director bought 100,000 shares following the company's joining of the LOT Network. Latham Group's CEO purchased 8,000 shares after the company reported better-than-expected Q2 revenue. Bioventus' interim CEO acquired 39,885 shares after the company posted better-than-expected quarterly results. Entera Bio's director bought 40,000 shares amid the company's reported net loss of $4.5 million for H1 2023.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 1:23 pm