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XNCR

Xencor has announced the pricing of a public offering of 6.635 million shares at $18.00 per share, along with pre-funded warrants for 3.08 million shares at $17.99 each. The offering is expected to raise approximately $175 million, which will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:34 am

IEZ

OIH

SLB

Schlumberger N.V. (NYSE:SLB) has successfully demonstrated a sustainable lithium production process at its Nevada plant, significantly reducing environmental impact and increasing efficiency. This innovation could accelerate the availability of high-quality lithium products. Schlumberger's recent financial performance also showed strong growth, with a 13% revenue increase in Q2 2024.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 10:15 am

HYMTF

TSLA

Elon Musk responded to Kia's new incentive program targeting Tesla owners, highlighting Tesla's market challenges as traditional automakers like Kia gain ground in the EV market. Kia offers up to $1,500 to Tesla owners switching to their EVs, while Tesla's market share falls below 50%.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 10:06 am

CPA

Copa Holdings reported an 8.2% increase in capacity and a 5.8% rise in system-wide passenger traffic for August 2024. However, the system load factor decreased by 1.9 percentage points to 85.1% compared to August 2023.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:04 am

ENLT

Enlight Renewable Energy has commenced commercial operations at its Atrisco Solar & Energy Storage Project near Albuquerque, New Mexico. This marks a significant milestone for the company in expanding its renewable energy footprint.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:02 am

EWG

The yield on Germany's 10-year Bund auction decreased to 2.110% from the previous 2.220%. This change in yield could influence European markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:00 am

BCS

JPM

Goldman Sachs is facing a potential $400 million pre-tax hit from the sale of its GM credit card portfolio due to high charge-off rates. The sale to Barclays has been delayed, impacting Goldman's stock, which fell over 4%. The bank's consumer-lending ventures have resulted in significant losses, prompting a shift back to core investment banking services.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 9:38 am

CNEY

FTCI

GME

PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares surged 12.7% in pre-market trading after reporting better-than-expected earnings for Q2. The company posted earnings of $1.12 per share, surpassing the consensus estimate of 84 cents. However, sales slightly missed expectations at $557.1 million. Other stocks like CN Energy Group, FTC Solar, and Quhuo Limited also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 9:16 am

LCID

TSLA

Lucid Group has unveiled a teaser for its upcoming midsize SUV, set to compete with Tesla's Model Y. The vehicle is expected to start production in late 2026 with a price of $48,000, directly competing with Tesla's Model 3 and Model Y. Lucid aims to expand its market presence beyond high-end EVs.

Portfolio Pulse from Anan Ashraf

September 11, 2024 | 9:15 am

CMG

SBUX

YUM

Brian Niccol, the new CEO of Starbucks, aims to reconnect the company with its community coffeehouse roots by improving in-store experiences and addressing operational challenges. His leadership comes amid declining sales and employee dissatisfaction.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 8:27 am