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CTLT

Catalent shares are trading higher following the announcement that it will be acquired by Novo Holdings.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:12 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD) has agreed to sell its St Mary's property to Pigmental Studios for $1.35 million. The sale is part of SGD's strategy to monetize its real estate holdings, demonstrating the increased value of its properties. The transaction, expected to close by April 1st, 2024, will strengthen SGD's balance sheet and support its ongoing and future projects.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:10 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher in anticipation of its Q4 results, expected to report earnings of 8 cents per share on $602.41 million revenue. The company has previously beaten estimates and raised its full-year 2023 revenue guidance. Shares are up 105% over the last year, with interest in its AI positioning. Palantir does not pay dividends but may engage in buyback programs.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:10 pm

META

Meta Platforms Inc (NASDAQ:META) announced its first-ever dividend of 50 cents per share and a $50 billion share buyback program, following a 25% revenue increase to $40.1 billion in Q4 2023. The company's stock surged 15% after exceeding earnings expectations, marking a significant recovery with a 439% increase since November 2022. This turnaround is attributed to Meta's focus on AI integration and plans for further AI investments in 2024.

Portfolio Pulse from Zaheer Anwari

February 05, 2024 | 2:10 pm

INBS

Intelligent Bio Solutions Inc. (NASDAQ:INBS) announced the exercise of Series E Warrants issued on October 4, 2023, resulting in $1.77M in gross proceeds. The exercise involves 606,064 shares at $2.9232 each. Additionally, warrant holders will receive new Replacement Warrants for the same number of shares at $4.50 each, valid for five-and-a-half years. The funds are intended for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. served as the placement agent.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:09 pm

YCBD

cbdMD, Inc. (YCBD) has secured $1.2M in financing from institutional investors for the national rollout of its new ATRx Labs functional mushroom products. The funds will be used for working capital. This follows the company's introduction of Apple Cider Vinegar and Immunity Gummy Pouches at Sprouts Farmers Market. The financing involves convertible promissory notes with a conversion price of $0.684 per share. cbdMD is expanding its product channels, including a planned launch into Amazon UK in 2024.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 2:06 pm

FSV

FirstService (NASDAQ:FSV) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $1.13. Analysts and investors will be closely watching for any earnings beat and the company's guidance for future growth. Historically, FirstService's share price has shown minor fluctuations following earnings reports, despite the company's generally positive long-term performance, with shares up 19.15% over the last 52 weeks. The stock was trading at $170.69 as of January 26.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:02 pm

HTZ

Hertz Global Holdings (NASDAQ:HTZ) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $-0.27. Analysts and investors will be closely watching if HTZ can outperform this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings reports, with the stock price fluctuating based on actual EPS outcomes and guidance. Currently, HTZ shares are trading at $8.7, reflecting a 55.26% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:02 pm

VVV

Valvoline (NYSE:VVV) is expected to report an EPS of $0.28 in its upcoming quarterly earnings on 2024-02-06. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historically, Valvoline's stock price has shown varied reactions to its earnings performance, with a slight overall increase following the last earnings miss. Shares are currently trading at $36.38, reflecting a 3.97% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:02 pm

HLNE

Hamilton Lane (NASDAQ:HLNE) is scheduled to release its quarterly earnings report on February 6, 2024. Analysts predict an EPS of $0.89. The company's past earnings performance shows a mix of beats and misses, with the last quarter missing by $0.04 but resulting in a 3.23% stock price increase the following day. Over the last 52 weeks, HLNE shares have risen by 54.61%, trading at $119.76 as of February 1. Investors are advised to pay attention to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:01 pm