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BBIG

KBNT

SALM

SOPA

USM

The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. The latest list of major oversold players with an RSI near or below 30 includes Salem Media Group (SALM), Society Pass Incorporated (SOPA), United States Cellular Corporation (USM), Kubient (KBNT), and Vinco Ventures (BBIG).

Portfolio Pulse from Lisa Levin

May 19, 2023 | 12:42 pm

GTEC

Greenland Technologies Holding Corporation (GTEC) reported Q1 revenue of $22.15 million, beating the consensus estimate of $20.55 million, and an EPS of $0.11, surpassing the expected loss of $0.02. Despite a YoY decline in revenue and EPS, the company sees solid demand ahead and anticipates revenue growth for its core transmission business in 2023.

Portfolio Pulse from Nabaparna Bhattacharya

May 19, 2023 | 12:41 pm

DE

Deere & Company reported Q2 FY23 net sales and revenue growth of 30% YoY to $17.39 billion, beating consensus estimates. The company also raised its FY23 guidance for Production & Precision Ag, Small Ag & Turf, and Construction & Forestry net sales growth and price realization.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 12:35 pm

CINT

CI&T reported Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:33 pm

ARTNA

Artesian Resources announced a common stock offering, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:32 pm

RETO

ReTo Eco-Solutions announces a $6.6M registered direct offering of 2M shares at $3.30/share. The company plans to use the proceeds for business growth, working capital, and acquisitions or investments in technologies, products, and businesses.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 12:31 pm

MNMD

MindMed's Phase 2b clinical trial on LSD compound MM-120 for Generalized Anxiety Disorder (GAD) treatment has enrolled and dosed over 50% of its participants. The company expects to announce topline results of the study in late 2023.

Portfolio Pulse from Lara Goldstein

May 19, 2023 | 12:31 pm

BRD

Residential solar provider Suntuity Renewables is set to become a public company through a business combination with Beard Energy Transition Acquisition Corp (NYSE: BRD). The combined company will be named Suntuity Inc. and its Class A common stock and warrants are expected to be listed on the NYSE under the new ticker symbols 'STY' and 'STY.WS'.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 12:31 pm

FTCH

Farfetch reported better-than-expected Q1 results, leading to a surge in its share prices.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:30 pm

SDA

SunCar Technology shares are trading higher amid volatility after completing its combination with Goldenbridge Acquisition, becoming a publicly-traded company.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 12:30 pm