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FNKO

REE

TRNR

UHG

WOOF

The article lists the top 5 oversold stocks in the consumer discretionary sector, which may present an opportunity for investors. The stocks mentioned are United Homes Group, Inc. (UHG), Interactive Strength Inc. (TRNR), REE Automotive Ltd. (REE), Funko, Inc. (FNKO), and Petco Health and Wellness Company, Inc. (WOOF). The companies have reported various financial results and partnerships, and their stocks have been trading near their 52-week lows.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:41 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced a tradable subscription rights offering for its Class A and Class B common stock and warrants. The rights offering is priced at $3.00 per share and includes an over-subscription privilege. The offering also covers the placement of unsubscribed shares for an additional period of up to 45 days following the expiration of the offering. The rights offering is expected to begin on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:41 pm

AMZN

DIDIY

SFTBF

SoftBank Group Corp is considering acquiring the remaining 25% stake in British chip designer Arm Ltd from its investment fund, Vision Fund 1. This could help alleviate past losses for VF1 investors from investments like WeWork Inc and DiDi Global Inc. SoftBank plans to list Arm on Nasdaq in September with a valuation of $60 billion - $70 billion. The company also explored partnerships with tech companies like Amazon.Com, Inc as cornerstone investors in Arm's IPO.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:39 pm

BMY

PXD

UNH

On CNBC's 'Halftime Report Final Trades', Karen Firestone of Aureus Asset Management named American Express Company as her final trade, despite the company missing Q2 revenue consensus. Bill Baruch of Blue Line Futures picked Pioneer Natural Resources Company, which posted better-than-expected Q2 results. Stephen Weiss of Short Hills Capital Partners is sticking with UnitedHealth Group Incorporated, which reported an 8% Y/Y increase in Q2 profits.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:39 pm

BOWNU

Bowen Acquisition Corp (NASDAQ:BOWNU) has announced that from August 17, 2023, holders of its units sold in the initial public offering may choose to separately trade the company's ordinary shares and rights included in the units. The separated ordinary shares and rights will trade on the Nasdaq Global Market under the symbols 'BOWN' and 'BOWNR'.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:38 pm

TMC

The Metals Company (TMC) has announced a registered direct offering at $2 per share, along with warrants. This news has led to an increase in the company's share price.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:33 pm

ERJ

Embraer reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:32 pm

MLTX

MoonLake Immunotherapeutics shares are trading higher following positive ratings reaffirmed by analysts at HC Wainwright and Wedbush.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:31 pm

DWAC

Congresswoman Marjorie Taylor Greene's investment in Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC planning to merge with Trump Media & Technology Group, has significantly decreased in value. Greene bought between $15,001 and $50,000 worth of DWAC shares at an average price of $94.20 in October 2021. However, the SPAC's shares have fallen 45% over the past year due to setbacks and investigations delaying the merger. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value, closer to the $10 level.

Portfolio Pulse from Chris Katje

August 14, 2023 | 12:31 pm

AMC

AMC Entertainment Holdings has received court approval for its revised stock conversion plan, leading to a rise in the trading of its Preferred Equity Units.

Portfolio Pulse from Luke J Jacobi

August 14, 2023 | 12:30 pm