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Stock Prices

TUP

Tupperware Brands Corporation (NYSE:TUP) shares surged on Tuesday, possibly due to retail investor interest. The company's status as a meme stock and its high short interest of 22.39% could be factors behind the strong movement. The stock had previously spiked in July and August following a rally in AMC Entertainment stock, but has been falling steadily since peaking in early August.

Portfolio Pulse from Ryan Gustafson

October 10, 2023 | 8:20 pm

BLK

JPM

WFC

Bank of America analysts are bullish on financial stocks ahead of Q3 earnings season. They maintain a Buy rating on JPMorgan, Wells Fargo, Citigroup, Morgan Stanley, and Goldman Sachs. JPMorgan is seen as best positioned to navigate higher interest rates, while Citigroup's de-risking strategy is acknowledged. Reservations are expressed about Wells Fargo due to declining net-interest income and regulatory uncertainties. Goldman Sachs is expected to underperform in Q3 earnings, but is still rated as a Buy due to potential rebound in investment banking activity.

Portfolio Pulse from Piero Cingari

October 10, 2023 | 8:19 pm

GSD

Global System Dynamics, Inc. (NASDAQ:GSD) has received a notice of non-compliance with NASDAQ's Listing Rule 5550(b)(2) due to not regaining compliance with the minimum Market Value of Listed Securities (MVLS) of $35,000,000. The company intends to request a hearing to present a plan to address the deficiency and maintain the NASDAQ listing. The securities will remain listed until a decision is made.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:17 pm

SSSS

SuRo Capital Corp. (SSSS) provided a preliminary update on its Q3 2023 investment portfolio, projecting its NAV to be between $8.15 to $8.65 per share. The company remains active in repurchasing shares under the Share Repurchase Program approved by its Board of Directors. SuRo Capital's net assets totaled approximately $186.7 million, or $7.35 per share at June 30, 2023, and approximately $221.8 million, or $7.83 per share at September 30, 2022. As of September 30, 2023, SuRo Capital's net asset value is estimated to be between $8.15 to $8.65 per share.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:16 pm

GIM

Templeton Global Income Fund (NYSE:GIM) has announced a tender offer for up to 45% of its outstanding common shares at a price equal to 99% of the Fund's NAV per share. The offer will expire on November 9, 2023. The Board of Trustees approved the offer to provide enhanced liquidity to shareholders ahead of a potential investment adviser transition from Franklin Advisers to Saba Capital Management.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:15 pm

MDLZ

Mondelez International Inc. is considering a 1.6% ownership reduction resulting from the sale of its equity method investment in JDE Peet's. The move is part of Mondelez's strategy to optimize its portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:15 pm

MPV

Barings Participation Investors (NYSE:MPV) has announced an increase in its quarterly cash dividend from $0.32 to $0.34 per share, payable on November 17, 2023. This represents a 6.3% increase over the previous dividend and a 70.0% increase since the dividend was raised from $0.20 per share a year ago. The increase is due to significant growth in net investment income, primarily from increases in base rates for floating rate holdings.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:13 pm

HOFV

Hall Of Fame Resort & Entertainment Company (HOFV) has announced a proposed public offering of common stock and warrants. The terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:12 pm

BAC

COF

INTU

ITB

JPM

SHOP

VNQ

WFC

A new survey by the National Federation of Independent Businesses (NFIB) reveals that small business owners are struggling with inflation, which they consider the most significant problem in running their businesses. Only 43% of small business owners expect better business conditions over the next six months. This pessimistic outlook could impact public credit companies, construction and real estate stocks, and e-commerce and business service companies.

Portfolio Pulse from Natan Ponieman

October 10, 2023 | 8:12 pm

EIS

SPY

Federal Reserve's Neel Kashkari has stated that the conflict in Israel, if it escalates significantly, could have implications for the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:11 pm