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AEYE

BKYI

COMM

MYSZ

WDC

In Monday's pre-market session, several information technology stocks showed significant movement. My Size, AudioEye, Western Digital, Saverone 2014, Soluna Holdings, and Remark Hldgs saw increases, with Western Digital's rise potentially linked to its Q1 earnings report. Conversely, CommScope Hldg Co, BIO-key Intl, Auddia, Presto Automation, Tempo Automation Holdings, and ON Semiconductor experienced declines, with BIO-key Intl and ON Semiconductor's drops potentially related to their recent earnings reports.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 1:05 pm

AVGO

VMW

Broadcom Inc (NASDAQ:AVGO) and VMware Inc (NYSE:VMW) announced that their previously announced transaction is expected to close soon. The companies also revealed the results of the elections regarding the form of consideration for VMware shareholders. Approximately 52.1% of VMware stock will be converted for Broadcom stock and approximately 47.9% will be converted into cash. Broadcom is expected to report quarterly results near the end of November.

Portfolio Pulse from Adam Eckert

October 30, 2023 | 1:01 pm

CHKP

Check Point Software has adjusted its 2023 revenue estimate to $2.387B-$2.437B from $2.340B-$2.510B. The company also revised its 2023 Non-GAAP estimate to $8.20-$8.40 from $7.70-$8.30.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:01 pm

XPO

XPO Inc's Q3 FY23 revenue grew by 1.7% YoY to $1.98 billion, beating the consensus of $1.93 billion. The increase was due to higher tonnage per day and yield in the North American LTL segment. Adjusted EPS was $0.88, down from $0.95 in 3Q22, but still beat the consensus of $0.63. Q3 operating income was $154 million, up from $139 million a year ago. The company's shares are trading higher by 7.23% at $72.20 premarket on Monday.

Portfolio Pulse from Akanksha Bakshi

October 30, 2023 | 1:01 pm

WDC

Western Digital Corp (WDC) reported a Q1 FY23 revenue decline of 26% YoY to $2.75 billion, beating the consensus of $2.65 billion. The company's board approved a plan to separate its HDD and Flash businesses. WDC sees Q2 FY23 revenue of $2.85 billion - $3.05 billion, compared to the consensus of $2.92 billion. WDC shares traded higher by 13.20% at $44.11 premarket on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 1:00 pm

PKTX

RCG

SVVC

Insiders have recently bought shares in ProtoKinetix, Incorporated (PKTX), Firsthand Technology Value Fund, Inc. (SVVC), and RENN Fund, Inc. (RCG). ProtoKinetix's CFO acquired 20,000 shares, while Firsthand Technology Value Fund's 10% owner bought 49,805 shares and RENN Fund's President and CEO purchased 413 shares. ProtoKinetix's stock has lost around 53% over the past month, Firsthand Technology Value Fund announced plans to seek stockholder approval to withdraw BDC election and pursue liquidation, and RENN Fund shares lost around 4% year-to-date.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:58 pm

KALU

SMG

Three materials stocks with over 4% dividend yields have been highlighted by Wall Street's most accurate analysts. These include The Scotts Miracle-Gro Company (SMG) with a dividend yield of 5.87%, The Chemours Company (CC) with a dividend yield of 4.24%, and Kaiser Aluminum Corporation (KALU) with a dividend yield of 5.67%. Recent news for these companies include executive team reorganization for SMG, weaker-than-expected Q3 results for CC, and downbeat Q3 sales for KALU.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:58 pm

JEPQ

MSFT

VFC

XHB

On CNBC's 'Halftime Report Final Trades', Bryn Talkington recommended JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Kevin Simpson highlighted Microsoft's (MSFT) strong Q1 results, and Jenny Harrington picked V.F. Corporation (VFC) ahead of its earnings report. Stephen Weiss is short on SPDR S&P Homebuilders ETF (XHB).

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:54 pm

AUVI

Applied UV has been granted new patents by the USPTO and has entered into a strategic partnership with Canon Virginia. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:50 pm

BABA

BIDU

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher on Monday despite intensifying domestic competition in artificial intelligence and e-commerce amid the economic slowdown. Alibaba Chairman Joe Tsai highlighted the potential of the Asian region and the need for businesses from both the U.S. and China to communicate to prevent misunderstanding. Tencent Holding Ltd (OTC:TCEHY) consolidated its position in AI by integrating its AI model into scores of products and services after Alibaba and Baidu, Inc (NASDAQ:BIDU).

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 12:50 pm