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EH

EHang shares resumed trading and surged 82% after the company announced it has successfully obtained a type certificate for its EH216-S passenger-carrying UAV system from the Civil Aviation Administration of China.

Portfolio Pulse from Charles Gross

October 13, 2023 | 11:08 am

TLSA

Tiziana Life Sciences has announced positive six-month PET scan results for its intranasal Foralumab treatment in patients diagnosed with non-active secondary progressive multiple sclerosis (na-SPMS).

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 11:02 am

BA

SPR

Boeing Company and Spirit AeroSystems Holdings Inc have expanded their inspections of 737 Max 8 aircraft-related production defects. This follows Boeing's notification to the FAA of initial findings and delivery delays of 737 Max 8s. In August, Boeing warned that deliveries of its 737 MAX jets could be delayed due to a quality issue with supplier Spirit AeroSystems. Spirit Aerosystems said the issue involves elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage that it produces.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 10:56 am

EH

Trading of EHang Holdings Limited shares is set to resume at 7:00 AM ET.

Portfolio Pulse from Charles Gross

October 13, 2023 | 10:56 am

PNC

PNC Financial Services Group reported Q3 earnings of $3.60 per share, beating the analyst consensus estimate of $3.10 by 16.13%. However, this is a 4.76% decrease from the same period last year. The company's quarterly sales were $5.23 billion, missing the analyst consensus estimate of $5.32 billion by 1.64%, and marking a 5.69% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:53 am

AVPT

JD

KIND

OM

PUYI

SAVA

SGH

Several US stocks traded lower in Friday's pre-market session. Outset Medical, Inc. (OM) fell 38.1% after reporting preliminary Q3 financial results. Cassava Sciences, Inc. (SAVA) shares dipped 28.8% following a statement regarding a leaked internal CUNY report. SMART Global Holdings, Inc. (SGH) declined 25.8% after reporting worse-than-expected Q4 financial results and a weak Q1 forecast. Puyi Inc. (PUYI), Nextdoor Holdings, Inc. (KIND), AvePoint, Inc. (AVPT), and JD.com, Inc. (JD) also recorded losses.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 10:37 am

F

TSLA

Despite a rise in electric vehicle sales in the US, Tesla Inc's market share has dropped, according to a report from Cox Automotive. Tesla's share of the EV market fell to a record low of 50%, down from 62% earlier this year. However, Tesla's sales increased by 19.5% YoY, maintaining its position as the leader in EV sales. The report suggests that the upcoming Cybertruck could reverse this downward trend, despite competition from Ford, Rivian, and Chevrolet.

Portfolio Pulse from Anan Ashraf

October 13, 2023 | 10:37 am

VTNR

Vertex Energy has revised its Q3 forecast, expecting conventional throughput volumes to be 80,000 bpd, up from the previous forecast of 74,000-77,000 bpd. The company also expects Q3 finished product yield to be between 65%-67%, higher than the previous forecast of 59%-63%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:34 am

BP

HAL

MRO

OXY

SLB

Shares of oil companies are trading higher due to the rise in crude oil prices following the US sanctions on two shipping companies for violating the price cap on Russian oil. The ongoing Israel-Hamas conflict has also contributed to supply uncertainty.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:34 am

CMTL

Comtech Telecommunications Corp's shares are up by about 18% after reporting Q4 results. The company posted revenue of $148.81 million, beating the consensus of $140.13 million. Revenues in the Satellite and Space Communications segment rose 22.7% Y/Y to $94.2 million, and the Terrestrial and Wireless Networks segment revenue grew 8.8% Y/Y to $54.6 million. The company also announced a deal to sell its Power Systems Technology product line to Stellant Systems, Inc. for $40 million.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 10:31 am