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TAP

TLRY

Tilray Brands (NASDAQ:TLRY) is viewed as a cautious investment by Zuanic & Associates, with a 'Neutral' rating due to short-term uncertainties despite a solid balance sheet and global assets. The company is expanding internationally, especially in Germany, but faces challenges like high operating expenses and market share losses in Canada. In the U.S., Tilray is expanding its beverage portfolio with craft beer brands from Molson Coors (NYSE:TAP), aiming to enter the non-alcoholic hemp drink market. However, rising costs and share dilution are concerns, and the company needs to drive organic growth to justify its valuation. Zuanic advises investors to wait for clearer growth evidence.

Portfolio Pulse from Nicolás Jose Rodriguez

October 29, 2024 | 9:25 pm

CLW

MDU

Everus Construction will be added to the S&P SmallCap 600 on November 1, replacing Clearwater Paper. MDU Resources Group is spinning off Everus Construction and will remain in the index, changing its sector classification from Industrials to Utilities.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:22 pm

ENVX

Enovix Corp (NASDAQ:ENVX) shares surged after reporting better-than-expected Q3 results and announcing a development agreement with a leading smartphone company. The company reported Q3 revenue of $4.32 million, surpassing estimates, and a smaller-than-expected EPS loss. Enovix also secured a 2025 launch commitment from a major smartphone OEM and expects higher Q4 revenue than anticipated.

Portfolio Pulse from Adam Eckert

October 29, 2024 | 9:19 pm

COIN

Coinbase Global (NASDAQ:COIN) is set to report its Q3 earnings with expectations of significant revenue and EPS growth, coinciding with Bitcoin trading near all-time highs. Analysts have a positive outlook, with some maintaining high price targets for the stock.

Portfolio Pulse from Chris Katje

October 29, 2024 | 9:19 pm

HRMY

Harmony Biosciences announced a public offering of up to 8 million shares of common stock by selling shareholders Marshman Fund Trust II and Valor IV Pharma Holdings. This offering does not involve the issuance of new shares by the company itself.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:17 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) reported disappointing Q3 results, missing both earnings and revenue estimates. The company also lowered its FY24 guidance, leading to a 4.84% drop in after-hours trading.

Portfolio Pulse from Erica Kollmann

October 29, 2024 | 9:14 pm

NBN

Northeast Bank (NASDAQ:NBN) reported strong Q1 earnings, with EPS of $2.11 beating estimates by 19.21% and sales of $43.12M surpassing expectations by 11.77%. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:09 pm

FCF

First Commonwealth reported Q3 2024 earnings per share of $0.31, missing the $0.36 estimate, but sales of $121.555M beat the $119.374M estimate. EPS decreased by 20.51% from last year, while sales slightly decreased by 1.09%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:04 pm

ELPW

TMTC

TMT Acquisition Corp shareholders have approved a business combination with eLong Power Holding Limited. The new entity will trade on Nasdaq under the symbol 'ELPW'.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 9:03 pm

FAT

FAT Brands (NASDAQ:FAT) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $-1.37. Investors are keen on the earnings and future guidance, as past performance showed mixed results with a recent 3.81% share price increase despite an EPS miss.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 9:02 pm