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OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) announced the cancellation of the Forever 8 2022 merger earnout consideration, initially valued at $6.1M with a potential of up to $37M. This cancellation, effective March 17, 2024, is expected to improve the company's shareholder equity by over $7M. CEO Paul Vassilakos emphasized the move strengthens Eightco's balance sheet and capital structure, supporting future growth.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:33 pm

AEM

ALT

CVI

NTNX

PWR

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' praising Quanta Services and Nutanix, cautioning about CVR Energy, and commenting on Agnico Eagle Mines and Altimmune. Quanta Services and Agnico Eagle Mines reported better-than-expected results, while CVR Energy had weaker results. Nutanix is highlighted as a strong enterprise software company, and Altimmune is noted as speculative due to its financial situation.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 12:33 pm

NRT

TDW

As of May 7, 2024, Excelerate Energy, Inc. (EE), North European Oil Royalty Trust (NRT), and Tidewater Inc. (TDW) are identified as overbought energy stocks, with RSI values above 70, signaling potential short-term performance concerns. EE is set to release Q1 2024 results, NRT announced a Q2 distribution, and TDW reported strong Q1 results.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 12:32 pm

SCSC

ScanSource has announced a new $100M share purchase authorization, supplementing the existing authorization with approximately $45 million remaining as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:32 pm

Healthcare Realty Trust (NYSE:HR) reported Q1 adjusted FFO of $0.39 per share, surpassing the consensus estimate of $0.38, but saw a 2.5% decrease from the previous year's $0.40. Sales were $326.81M, slightly missing the estimate of $326.89M, and marking a 1.84% decrease from last year's $332.93M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm

BABA

BOWL

CVS

FAST

GPS

MCHP

NVDA

OMC

TSN

ZETA

Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to varied stock price movements on Monday. Notable adjustments include increases in price targets for Microchip Technology, The Gap, Omnicom Group, NVIDIA, Tyson Foods, Zeta Global, and decreases for Alibaba, Bowlero, CVS Health, Fastenal. These changes reflect analysts' evolving views on these companies' future prospects.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 12:31 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) announced the launch of Presto Voice with Pure AI, a new Voice AI technology for restaurants that enhances automated drive-thru ordering by eliminating the need for human intervention early in the order process. This technology aims to streamline operations, improve customer experience, and accelerate AI training by allowing more complete AI sessions. Presto is currently testing this technology live and plans to expand it to more locations upon successful testing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm

SCSC

ScanSource reported Q3 2024 adjusted EPS of $0.69, missing the $0.84 estimate, and sales of $752.599M, below the $822.710M estimate. This represents a 28.13% decrease in earnings and a 15.01% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:31 pm

GLDD

Great Lakes Dredge & Dock Corporation's shares surged following the announcement of their first-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:29 pm

SPR

Spirit Aerosystems Holdings' shares dropped following their Q1 financial results announcement. The company has withheld guidance due to uncertainties surrounding Boeing acquisition talks, 737 MAX production, and Airbus negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:25 pm