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WAVD

WaveDancer, Inc. (NASDAQ:WAVD) has filed a Registration Statement on Form S-4 with the SEC, containing a preliminary proxy statement for its merger with Firefly Neuroscience, Inc. The merger, announced on November 16, 2023, is aimed at enhancing AI-driven neurological outcomes and is expected to close in Q2 2024, pending stockholder approval and other customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:39 pm

LMT

RTX

Lockheed Martin Corp (LMT) and Raytheon Technologies Corporation (RTX) both reported strong Q4 earnings, beating consensus estimates. Lockheed Martin's shares are trading higher with an 8.82% earnings surprise and a 5.03% revenue surprise. Raytheon's shares are also up after a 3.20% EPS surprise and 0.48% revenue surprise. Lockheed Martin has a higher backlog and better net income margin compared to Raytheon. Lockheed also has a more stable dividend yield history. Analyst consensus suggests a higher potential upside for Lockheed. Both companies' valuations are close, but Lockheed's trailing earnings multiple is more favorable, while Raytheon has a slight edge in forward valuations.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 1:38 pm

RSTN

RDE, Inc. (OTCQB:RSTN), owner of Restaurant.com and CardCash.com, has applied to uplist its common shares to the Nasdaq Capital Market. The move follows a transformational year, including the acquisition of CardCash.com, which enhances cross-selling opportunities and gift card options. The uplisting aims to increase corporate visibility and shareholder value, but approval from Nasdaq and meeting listing criteria are pending with no guarantee of success.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:38 pm

GATX

GATX Corporation has projected its FY24 earnings per diluted share to be between $7.30 and $7.70, surpassing the consensus estimate of $7. The company attributes this optimistic forecast to disciplined investments made over the past years and its commitment to generating attractive risk-adjusted returns for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm

BABA

ENSC

RUM

Rumble (RUM) announced the public launch of Rumble Studio, leading to a 19% stock increase. Ensysce Biosciences (ENSC) revealed that the FDA granted Breakthrough Therapy Designation for PF614-MPAR, causing a 59% surge in its stock. Bloomberg reported that China is considering a $278B stock market rescue package, which resulted in a 7% rise in Alibaba's (BABA) shares.

Portfolio Pulse from ryanfaloona@benzinga.com

January 23, 2024 | 1:37 pm

SBET

SharpLink Gaming Ltd. (SBET) sold its fantasy sports and sports game development units to RSports Interactive for $22.5 million in cash. The sale allows SharpLink to repay $14.9 million in debt, redeem a senior convertible debenture for $4.5 million, and become free of interest-bearing debt. The transaction is expected to reduce operating expenses, improve cash flow, strengthen the balance sheet, and help SharpLink regain Nasdaq compliance. COO Chris Nicholas resigned following the sale. The deal focuses SharpLink on performance marketing for sports betting and iGaming.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:35 pm

GATX

GATX Corporation reported Q4 earnings of $1.74 per share, surpassing the consensus estimate of $1.58, and marking a 12.99% increase from the previous year. Sales reached $368.70M, exceeding estimates by 0.90% and showing a 14.25% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:33 pm

BA

RYAAY

Ryanair's CEO announced a reduction in expected aircraft deliveries from Boeing, with 50 aircraft now expected by the end of June instead of 57 by April. The delays may result in a loss of 2 to 3 million passengers for Ryanair this year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:32 pm

CWS

Eddy Elfenbein, a finance blogger and ETF manager, has outperformed Berkshire Hathaway and ARK Invest with his 'set and hold' strategy through the AdvisorShares Focused Equity ETF (CWS). He creates a yearly 'buy list' of 25 stocks, rarely changing the holdings, and has achieved a 110% return since inception. His 2024 buy list includes companies like Hershey, Intuit, Moody's, HEICO, Silgan Holdings, and Aflac. Elfenbein's 'fulcrum fee' structure aligns his interests with investors, and his fund is nearing $100 million in assets under management.

Portfolio Pulse from Jeannine Mancini

January 23, 2024 | 1:30 pm

SBET

Trading on the stock SBET has been halted at 8:25:00 a.m. ET due to pending news. The halt is in place to ensure a fair and orderly market until the news is released and investors have had time to digest the information.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:25 pm