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BLIN

Bridgeline Digital (NASDAQ:BLIN) reported Q4 earnings with an EPS of $-0.02, surpassing the estimated $-0.06 by 66.67%. However, revenue declined by $412 thousand compared to the same period last year. Despite missing EPS estimates last quarter, BLIN's share price increased by 6.74% the following day. The company's past earnings performance shows mixed results with both hits and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 9:15 pm

EFSH

1847 Holdings announced a 1-for-4 reverse stock split effective January 8, 2024, reducing outstanding shares from 3.43 million to 0.86 million and the float from 3.40 million to 0.85 million.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:08 pm

PPSI

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) saw its stock price increase by 20% after announcing it received four new orders worth over $10 million. The orders include the company's e-Bloc Low Voltage Power Distribution system and multiple IPCs with paralleling switchgear. Deliveries and installations are expected to start in Q2 2024. CEO Nathan Mazurek highlighted the robust demand in the distributed power generation market and the company's efforts to meet industrial and commercial consumption needs.

Portfolio Pulse from Ryan Gustafson

December 27, 2023 | 9:07 pm

CURLF

Boris Jordan, founder of Curaleaf Holdings Inc (OTCQX:CURLF), predicts a major turnaround for the cannabis sector in 2024 after a challenging 2023. Growth catalysts include New York's move to adult use, Germany's shift to medical cannabis, and a potential Florida transition. Rescheduling cannabis in the U.S. could reduce tax burdens and unlock financial resources. Curaleaf's TSX uplift and expected custodianship by major banks aim to overcome investment barriers. Federal action on rescheduling by April next year is anticipated.

Portfolio Pulse from Patricio Liddle

December 27, 2023 | 9:05 pm

YGMZ

Mingzhu reported a revenue of $56.1M for the six months ended June 30, 2023, marking a 7.0% decrease year-over-year. The company also reported a net loss of $0.805M compared to a net income of $1.64M in the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:02 pm

KMX

CarMax Inc (NYSE:KMX) shares have rebounded after a period of consolidation in October and November, following a breakout in early December. The upward movement was primarily due to the company's third-quarter earnings release, which, despite mixed results, was strong enough to push shares to a one-month high. Additionally, three analysts raised their price targets for KMX to a range of $75 to $83. CarMax also announced a pilot for its first all-electric semi-truck, capable of transporting up to seven vehicles and traveling 230 miles on a single charge. After a pullback post-earnings, shares found support on Wednesday, trading up 2.40% at $78.01.

Portfolio Pulse from Ryan Gustafson

December 27, 2023 | 8:53 pm

TLT

XLRE

U.S. 30-year Treasury yields fell below 4%, the lowest since late July, prompting a rise in fixed income and real estate assets due to expectations of Federal Reserve rate cuts. The iShares 20+ Year Treasury Bond ETF (TLT) surged 21% since late October, and the Real Estate Select Sector SPDR Fund (XLRE) increased by 19% over the past three months, both benefiting from the market's anticipation of rate reductions.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 8:37 pm

TM

Daihatsu Motor, a unit of Toyota Motor, may incur losses exceeding 100 billion yen ($700 million) due to a safety test scandal. The issue has led to a halt of all production in Japan, with no set date for resumption, though most shipments in Indonesia and Malaysia have continued.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 8:33 pm

BETS

Shares of Bit Brother Limited (NASDAQ:BETS) surged over 110% on Tuesday and continued to climb on Wednesday. The company recently announced a $5 million investment in cryptocurrency mining equipment, expected to be operational by early 2024 with a goal of mining 12 Bitcoin monthly. The rally in Bitcoin prices and anticipation of a spot Bitcoin ETF approval may be contributing to Bit Brother's stock performance. Trading volume for BETS has significantly exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

December 27, 2023 | 8:17 pm

FDX

MU

NKE

The article discusses several economic indicators and their implications for the market. It highlights the downward revision of 3Q GDP from 5.2% to 4.9%, FedEx's lowered guidance for fiscal year 2024, a significant decline in new orders reported by the Philly Fed, and a slight deflation in November's PCE data. Despite these indicators, the article suggests there is no immediate cause for panic. It also humorously proposes trading US Treasury Secretary Janet Yellen for a Manila store manager to combat inflation. The market reacted positively to the GDP revision, partly due to Micron Technology's positive results and expectations of a Federal Reserve rate cut.

Portfolio Pulse from Gary Brode

December 27, 2023 | 8:15 pm