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SBIG

SBIGW

Springbig's securities will be delisted from the Nasdaq and its common stock and public warrants will be quoted on the OTCQX Best Market under the symbols 'SBIG' and 'SBIGW' respectively, starting around September 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:41 am

ALDX

CME

MANU

SBSW

TCOM

TSHA

VFS

Several stocks recorded losses in Tuesday's pre-market trading session. VinFast Auto Ltd. shares dipped 11.1% despite the CEO's confidence in the company's potential. Manchester United plc shares fell 8.7% following reports that The Glazer Family will take the club off the market. Taysha Gene Therapies, Inc. shares declined 6.6% after regaining compliance with Nasdaq. Sibanye Stillwater Limited, Aldeyra Therapeutics, Inc., Trip.com Group Limited, and Li Auto Inc. also saw declines. CME Group Inc. shares slipped 2.3%.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 10:36 am

AULT

Ault Alliance Inc. (NYSE:AULT) plans to list for sale its four recently renovated Midwest hotels through its subsidiary Ault Global Real Estate Equities, Inc. (AGREE). The properties will be sold through the national real estate brokerage firm, Hospitality Real Estate Counselors (HREC), for an estimated total of $100 million.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:33 am

TCOM

Trip.com Group Ltd's Q2 FY23 revenues rose 180% Y/Y to RMB11.2 billion, driven by a significant recovery in the travel market. The company's adjusted EPS per ADS stood at RMB5.11, compared to a loss of RMB(0.31) a year ago. In USD terms, revenue of $1.552 billion beat the consensus of $1.480 billion, and adjusted EPS per ADS of $0.70 surpassed the street view of $0.50. However, TCOM shares are trading lower by 4.78% at $38.49 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 10:22 am

IIPR

Compass Point analyst Merrill Ross has downgraded Innovative Industrial Properties (NYSE:IIPR) from Buy to Neutral and set a price target of $95.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:04 am

CVX

FXI

UNG

VGK

A Chevron executive, speaking at Gastech, warned that a normal winter could pose difficulties for some European countries. He also predicted that the LNG spot market could remain volatile until 2025, but expressed belief in the long-term prospects of China's LNG demand.

Portfolio Pulse from Charles Gross

September 05, 2023 | 9:56 am

AAPL

GOOGL

Apple Inc. is reportedly developing a low-cost MacBook to compete with Google's Chromebook, particularly in the education sector. The budget-friendly MacBook could be launched as early as the second half of 2024. The company plans to create a separate product line for these MacBooks, using cheaper materials and less expensive components to reduce costs. However, there's currently no indication of any movement in the supply chain, suggesting that the cheap MacBook is at least nine months away.

Portfolio Pulse from Benzinga Neuro

September 05, 2023 | 9:52 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly expecting lower demand for its upcoming iPhone 15 series, with orders slashed by millions of units compared to the iPhone 14 series. The company has placed 80-90 million orders for the iPhone 15 series for the second half of 2023, compared to 90-100 million orders for the iPhone 14 series last year. However, the share of Apple's most expensive phones, the iPhone 15 Pro Max and the iPhone 15 Pro, is increasing despite the overall decrease in order size.

Portfolio Pulse from Rounak Jain

September 05, 2023 | 9:50 am

BKR

Venture Global LNG and Baker Hughes Company (NASDAQ:BKR) have expanded their master equipment supply agreement for additional liquefaction train systems and power island systems for Venture Global's future LNG export projects. This aligns with Venture Global's plan to increase production from 70MTPA to over 100MTPA. Baker Hughes, which recently reported a 2Q FY23 revenue increase of 25.1% YoY to $6.32 billion, will provide the same technology solutions it supplied to the Calcasieu Pass LNG facilities to the under-construction Plaquemines LNG facility.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 9:46 am

AZLAF

NKLA

A Nikola Corp (NASDAQ:NKLA) semi truck reportedly caught fire on Monday, marking the third such incident this year. The fire occurred at the Arizona Lithium (OTC:AZLAF) facility in Tempe. Last month, Nikola recalled all its battery-powered electric trucks after a series of fires opened up an investigation. Nikola shares are down over 47% so far this year.

Portfolio Pulse from Anan Ashraf

September 05, 2023 | 9:24 am