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RUM

Rumble (NASDAQ:RUM) has publicly launched Rumble Studio, an all-in-one live-streaming tool for creators. The tool allows users to stream to multiple platforms, invite guests, and engage with audiences, with integrations across the Rumble ecosystem and other platforms like YouTube, Twitch, and Facebook. Rumble Studio aims to revolutionize live-streaming monetization with features like live advertiser bidding. The product is available on Web, iOS, and Android, and has received positive feedback from beta users.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:21 pm

IPG

NXST

OMC

Analysts have provided ratings for high-yield dividend stocks in the tech and telecom sector. Nexstar Media Group, Inc. (NXST) has a dividend yield of 3.06% with mixed ratings from Citigroup and Rosenblatt. Omnicom Group Inc. (OMC) offers a 3.15% yield, with Citigroup maintaining a Buy rating despite a price target cut, and Morgan Stanley maintaining an Equal-Weight rating with a reduced price target. The Interpublic Group of Companies, Inc. (IPG) has a 3.86% yield, with Citigroup maintaining a Buy rating and a lowered price target, and Morgan Stanley maintaining an Equal-Weight rating with a reduced price target. Recent news includes Nexstar entering a brokerage agreement, Omnicom posting upbeat Q3 earnings, and Interpublic's CEO departure.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:20 pm

C

COST

NXPI

SMH

On CNBC's 'Halftime Report Final Trades,' analysts recommended NXP Semiconductors (NXPI), Costco (COST), VanEck Semiconductor ETF (SMH), and Citigroup (C). NXP received upgrades from Wolfe Research and Barclays with new price targets. Costco is trialing a new scanning system to prevent unauthorized access. VanEck Semiconductor ETF remains a pick for Anastasia Amoroso. Citigroup is undergoing a leadership overhaul and reported mixed Q4 FY23 results. The stocks showed varied price actions in the last session.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 1:20 pm

PRPH

ProPhase Labs, Inc. (NASDAQ: PRPH) reports significant progress at its subsidiary Pharmaloz Manufacturing, Inc. (PMI), with price increases and operational enhancements leading to projected profitability in Q1 2024. PMI has signed two new contracts expected to boost lozenge revenues and profitability, and is in discussions with two global brands that could triple revenues by year-end 2024. PMI plans to double capacity with new production lines and automation, aiming for a potential $80-$100 million production capacity. CEO Ted Karkus highlights the growth from a modest unit to a top-tier facility and the potential to reach $100-$200 million in annual revenues by the end of 2025, while also investing in Nebula Genomics and the BE-Smart Esophageal Cancer test.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:19 pm

PUBGY

UBS

UBS Group AG has launched its largest branding campaign since 2016, with the slogan 'Banking is our craft,' to drive growth and enhance its image following the acquisition of Credit Suisse. The campaign, created with Publicis Groupe SA and Prophet, will involve a significant investment in various advertising channels. It will initially launch in Britain and the U.S., followed by 10 other countries. UBS shares saw a slight decrease of 0.12% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 1:19 pm

BAH

Booz Allen Hamilton, through its venture capital arm Booz Allen Ventures, LLC, has invested in Albedo to develop a Very Low Earth Orbit (VLEO) satellite constellation. This investment aims to enhance satellite imagery services for national security, commercial, and climate needs. Albedo's VLEO satellites will provide ultra-high resolution imagery, combining optical and infrared sensors. The investment aligns with Booz Allen's focus on dual-use commercial technology solutions and expands its space capabilities. Booz Allen has a history of delivering space solutions to various government agencies and has made several strategic investments in dual-use commercial technologies since 2022.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:16 pm

CSLM

Fusemachines Inc., an AI talent and education solutions provider, is set to list on NASDAQ through a business combination with CSLM Acquisition Corp., a special purpose acquisition company (SPAC). This move will allow Fusemachines to become a publicly traded company and provide it with access to the public investment markets.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:16 pm

KAVL

Kaival Brands Innovations Group has announced a 1-for-21 reverse stock split, which will change the CUSIP number for its Common Stock to 483104402. This corporate action is typically undertaken by companies aiming to boost their stock price by reducing the number of shares outstanding, which can also lead to meeting minimum bid price requirements for exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:16 pm

ANGO

AngioDynamics, Inc. (NASDAQ:ANGO) has received FDA 510(k) clearance for its Auryon XL Catheter, designed for radial access in treating Peripheral Arterial Disease (PAD). The Auryon XL Catheter aims to reduce access site complications and improve patient recovery times. It is compatible with the Auryon Atherectomy System, which has been used to treat over 50,000 patients in the U.S. The company began a limited market release in January 2024 and plans a full market release in February 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:15 pm

NNDM

Nano Dimension (NYSE:NNDM) has seen a decrease in short interest, with the current short percent of float at 5.82%, representing 13.54 million shares. The short interest has fallen by 8.49% since the last report, and it would take about 7.78 days for traders to cover their short positions based on average trading volume. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. Nano Dimension's short interest is below its peer group average of 6.86%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:15 pm