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NUZE

NuZee, Inc. (NASDAQ:NUZE) has announced a five-year global licensing agreement with Stone Brewing. Under the agreement, NuZee will co-manufacture and distribute Stone Brewing specialty coffee products nationwide and aims to build a strong direct-to-consumer business. The new product line is expected to launch in Q3 2023. Following the announcement, NUZE shares are trading higher by 19.4% at $10.92 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

July 07, 2023 | 1:29 pm

IMBI

iMedia Brands, Inc. (NASDAQ:IMBI) shares dropped by 11.19% after the company was notified by Nasdaq that its common stock and 8.5% Senior Notes due 2026 will be delisted due to the company's voluntary Chapter 11 bankruptcy filing. Trading will be suspended from July 10. The company had previously received non-compliance notices for delayed filing of required reports.

Portfolio Pulse from Henry Khederian

July 07, 2023 | 1:29 pm

IMBI

iMedia Brands has received a delisting notice from Nasdaq following its Chapter 11 bankruptcy filing. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:27 pm

COO

DAL

JPM

VRTX

On CNBC's 'Halftime Report Final Trades', analysts recommended staying long on Vertex Pharmaceuticals, Delta Air Lines, and JPMorgan Chase & Co. Vertex Pharmaceuticals has performed well this year, with Morgan Stanley raising its price target from $305 to $340. Delta Air Lines is also doing well, with positive cash flow, paying down its debt, and raising prices. JPMorgan Chase is expected to report its Q2 results on July 14, 2023. The Cooper Companies was also mentioned as a quality company.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 1:25 pm

DVN

Devon Energy's (NYSE:DVN) short percent of float has decreased by 5.59% since its last report, with 15.14 million shares sold short, representing 2.7% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Devon Energy. Compared to its peers, Devon Energy has less short interest, with an average of 6.05% for its peer group.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 1:16 pm

DUK

Duke Energy's (NYSE:DUK) short percent of float has fallen 13.08% since its last report, with 7.16 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Duke Energy. Compared to its peers, Duke Energy has less short interest as a percentage of float, with an average of 2.26%.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 1:16 pm

BP

BP's short percent of float has risen 11.11% since its last report, with 5.80 million shares sold short, which is 0.2% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards BP, potentially signaling that investors have become more bearish. However, compared to its peers, BP has less short interest as a percentage of float, with an average of 3.83%.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 1:16 pm

PARA

Paramount Global's stock has been downgraded from Peer Perform to Underperform by Wolfe Research, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:14 pm

RIVN

Wedbush has raised its price target on Rivian's stock from $25 to $30, leading to a rise in Rivian's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:13 pm

DLPN

GMGI

MCHX

SIFY

In Friday's pre-market session, several communication services stocks saw significant movement. Golden Matrix Group (GMGI), Sify Technologies (SIFY), Takung Art (TKAT), Society Pass (SOPA), Salem Media Group (SALM), and Antelope Ent Hldgs (AEHL) all saw increases, with GMGI leading the gainers with a 12.7% rise. On the other hand, Dolphin Entertainment (DLPN), Marchex (MCHX), Glory Star New Media Gr (GSMG), National CineMedia (NCMI), and Lizhi (LIZI) all experienced decreases, with DLPN leading the losers with a 7.1% fall.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 1:12 pm