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GSUN

Golden Sun Education (GSUN) has received a Nasdaq notification letter regarding a minimum bid price deficiency. The company now has a compliance period to rectify this issue.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:05 pm

GNSS

Genasys has entered into a definitive agreement to acquire Evertel Technologies in a cash and stock deal worth $5.8 million.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:03 pm

IMVT

ROIV

Immunovant plans to offer $130 million of its common stock in a public offering and concurrently sell $170 million of its common stock to Roivant Sciences Ltd. in a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 9:02 pm

ITA

LDOS

LMT

Lockheed Martin Corp. (LMT) shares have seen a decline of approximately 9% month-to-date due to the looming risk of a U.S. government shutdown. Moody’s Investors Service warned that a shutdown could negatively impact defense service contractors, potentially affecting liquidity. However, it also noted that major prime contractors like Lockheed Martin and Leidos Holdings, Inc. (LDOS) have strong capabilities to manage payment delays effectively. The iShares U.S. Aerospace & Defense ETF (ITA) also registered a 9% decline.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 9:01 pm

COST

Costco Wholesale Corp reported its fiscal Q4 earnings, beating expectations on both EPS and revenue. Net sales increased 9.4% YoY to $77.43 billion, beating the consensus estimate of $77.9 billion. EPS was $4.86, higher than the estimated $4.79. Comparable sales were up in all regions, with the highest increase in the Other International segment at 5.5%. However, total e-commerce sales fell 0.8%. Membership fees also increased YoY. Despite the positive report, Costco shares fell 1.52% in after-hours trading.

Portfolio Pulse from Adam Eckert

September 26, 2023 | 9:01 pm

STLD

Over the past 3 months, 7 analysts have published their opinion on Steel Dynamics (NASDAQ:STLD) stock. The company has an average price target of $108.14, an increase of 2.21% from the previous average price target of $105.80. The ratings include 2 bullish, 3 indifferent, and 2 somewhat bearish.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:00 pm

MTCH

Match Group (NASDAQ:MTCH) has received 9 analyst ratings in the last quarter, with 1 being bullish, 6 somewhat bullish, and 2 indifferent. The average 12-month price target for the company is $59.9, an increase of 4.83% from the previous average of $57.14.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:00 pm

AMJ

ARKK

EDV

URA

The article discusses the performance of mid-cap ETFs over the past week. Global X Uranium ETF (URA) and J.P. Morgan Alerian MLP Index ETN (AMJ) were the winners, with URA up 4.59% and AMJ down 1.56%. The losers were ARK Innovation ETF (ARKK) and Vanguard Extended Duration Treasury ETF (EDV), with ARKK down 7.64% and EDV down 6.76%. The largest holdings of these ETFs include companies like Cameco Corporation (CCJ), Sprott Physical Uranium Trust, Magellan Midstream Partners LP (MMP), Enterprise Products Partners LP (EPD), Tesla, Inc. (TSLA), and Zoom Video Communications, Inc. Class A (ZM).

Portfolio Pulse from Johnny Rice

September 26, 2023 | 8:51 pm

BKLN

IGV

JNK

XLB

Invesco Senior Loan ETF (BKLN) and iShares Expanded Tech-Software Sector ETF (IGV) have seen significant increases in net assets over the past week, adding $598.32 million and $189.95 million respectively. On the other hand, SPDR Bloomberg High Yield Bond ETF (JNK) and Materials Select Sector SPDR Fund (XLB) have seen a decrease in net assets, with XLB losing $504.13 million. BKLN and IGV have added $996.99 million and $611.22 million in net assets YTD, while JNK and XLB have lost $749.68 billion and added $288.5 billion respectively.

Portfolio Pulse from Johnny Rice

September 26, 2023 | 8:51 pm

MSFT

Artificial intelligence firm OpenAI is reportedly discussing a share sale that could increase its valuation to $90 billion, a threefold increase from its earlier valuation. Microsoft Corp., which owns a 49% stake in OpenAI, is expecting revenues of $1 billion this year. The proposed share sale is designed to allow OpenAI's employees to sell their existing shares. Despite this news, Microsoft's stock closed 1.7% lower on Tuesday.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 8:50 pm