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WWW

Wolverine World Wide Inc (NYSE:WWW) has amended its existing Credit Agreement to adjust the maximum consolidated leverage ratio from 4.5x EBITDA to 4.875x EBITDA for the remainder of fiscal 2023. The company expects the amendment to provide near-term financial and operational flexibility. The financial covenant thresholds will revert to pre-existing levels in the first quarter of fiscal 2024. WWW shares traded higher by 0.88% at $14.40 on the last check Friday.

Portfolio Pulse from Shivani Kumaresan

July 07, 2023 | 1:42 pm

PWM

Shares of Prestige Wealth (PWM) have been halted on a circuit breaker.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 1:37 pm

EIX

Edison International's stock has been downgraded from Buy to Neutral by Guggenheim, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:37 pm

CDNA

Traders are circulating a note from Craig Hallum advising to buy CareDx (CDNA), predicting the stock could trade up in the low teens. The entire diagnostic space could see some relief following the withdrawal of Novitas, as it shows significant decisions.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 1:36 pm

BTCUSD

ETHUSD

PEPEUSD

XECUSD

Bitcoin and Ethereum recorded losses, with Bitcoin remaining above $30,000 and Ethereum trading below $1,900. This follows the U.S. economy adding 209,000 jobs in June, the lowest reading since Dec. 2020. eCash was the top gainer over the prior 24 hours, while Pepe was the biggest loser. The global crypto market cap fell to $1.17 trillion, a 24-hour decline of 3.2%.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 1:32 pm

AAPL

AVGO

BABA

CRON

DISH

EADSY

KKR

LVMHF

NVO

SBUX

SPOT

TSLA

TikTok plans to launch a new music streaming service in Brazil and Indonesia, posing a threat to Spotify. Cronos Group is considering a potential sale after attracting acquisition interest. DISH Network is considering merging with EchoStar Corp. Novo Nordisk has filed lawsuits against pharmacies for illegally selling products containing semaglutide. Alibaba's stock is trading higher amid reports of China looking to end its regulatory overhaul on Ant Group. Starbucks is being sued by the National Labor Relations Board for illegal termination. ChatGPT's website traffic and app downloads have declined. Zoom Video is planning to double its technology investments in the Asia-Pacific region. Broadcom is considering a major investment in Spain's semiconductor sector. Airbus delivered 72 airplanes to 48 customers in June. KKR is acquiring a majority stake in PangeaCo. Tesla is laying off some battery production workers at its Shanghai plant. LVMH-backed firm is considering an IPO of Birkenstock in the US market.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 1:31 pm

NUZE

NuZee, Inc. (NASDAQ:NUZE) has announced a five-year global licensing agreement with Stone Brewing. Under the agreement, NuZee will co-manufacture and distribute Stone Brewing specialty coffee products nationwide and aims to build a strong direct-to-consumer business. The new product line is expected to launch in Q3 2023. Following the announcement, NUZE shares are trading higher by 19.4% at $10.92 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

July 07, 2023 | 1:29 pm

IMBI

iMedia Brands, Inc. (NASDAQ:IMBI) shares dropped by 11.19% after the company was notified by Nasdaq that its common stock and 8.5% Senior Notes due 2026 will be delisted due to the company's voluntary Chapter 11 bankruptcy filing. Trading will be suspended from July 10. The company had previously received non-compliance notices for delayed filing of required reports.

Portfolio Pulse from Henry Khederian

July 07, 2023 | 1:29 pm

IMBI

iMedia Brands has received a delisting notice from Nasdaq following its Chapter 11 bankruptcy filing. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:27 pm

COO

DAL

JPM

VRTX

On CNBC's 'Halftime Report Final Trades', analysts recommended staying long on Vertex Pharmaceuticals, Delta Air Lines, and JPMorgan Chase & Co. Vertex Pharmaceuticals has performed well this year, with Morgan Stanley raising its price target from $305 to $340. Delta Air Lines is also doing well, with positive cash flow, paying down its debt, and raising prices. JPMorgan Chase is expected to report its Q2 results on July 14, 2023. The Cooper Companies was also mentioned as a quality company.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 1:25 pm