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SPY

In a recent statement, Federal Reserve Bank of Richmond President Thomas Barkin has indicated that the Federal Reserve is 'nicely positioned' in light of the current economic outlook. This comment suggests that the Fed believes its policies are well-aligned with the economic conditions and expected trajectory. Barkin's remarks may influence investor sentiment as they reflect the Fed's stance on monetary policy and its impact on the economy.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:45 pm

FFA

First Trust Enhanced (NYSE:FFA) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a quarterly dividend of 31.5 cents per share. The stock is expected to open 31.5 cents lower on Friday to reflect the dividend payout. The dividend will be paid on December 29, 2023.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

REVG

REV Group (NYSE:REVG) has announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on January 12, 2024. The stock is expected to open 5 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

INDB

Independent Bank (NASDAQ:INDB) announced a quarterly dividend of 55 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 55 cents lower to reflect the payout. The dividend is scheduled to be paid on January 05, 2024.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

NYMT

New York Mortgage Trust (NASDAQ:NYMT) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on January 26, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:45 pm

SHIP

USEA

Seanergy Maritime Holdings Corp. (SHIP) reported Q3 revenues of $24.5M with an adjusted net loss of $2.6M, while United Maritime Corp. (USEA) saw a 210% increase in revenues for the first nine months of 2023 and an adjusted net profit of $9.2M. Despite challenges in the Capesize market, Seanergy remains optimistic due to increased demand and limited new vessel orders. United Maritime's smaller fleet size has insulated it from market fluctuations, and the company has been actively repurchasing shares, signaling confidence in its business.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:45 pm

ETAO

ETAO International Co. Ltd. (NASDAQ:ETAO) stock plummeted 39% to $0.28 after receiving a Nasdaq delisting risk notice for not meeting the bid price requirement. The company plans to appeal and is working on a plan to comply with Nasdaq's listing rules. The stock has a 52-week range of $54.60 to $27.85.

Portfolio Pulse from Henry Khederian

December 19, 2023 | 2:44 pm

ADEA

HPQ

MVLA

OCC

PET

Benzinga Insights has identified five value stocks in the technology sector based on their low P/E ratios, suggesting they may be undervalued. The stocks are Wag Group (PET) with a P/E of 1.37, HP (HPQ) with a P/E of 9.28, Optical Cable (OCC) with a P/E of 4.88, Movella Holdings (MVLA) with a P/E of 0.11, and Adeia (ADEA) with a P/E of 9.77. The article provides recent earnings per share (EPS) data and dividend yield information for these companies, indicating their financial performance and shareholder returns.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:44 pm

BDRX

Biodexa Pharmaceuticals PLC-ADR (NASDAQ:BDRX) shares plummeted by 31.7% to $2.07 after announcing the pricing of a public offering at significant discounts. The offering includes Class A Units at $2.00 each and Class B Units at $1.9999, both with warrants exercisable at $2.20. The offering is expected to close around December 21, subject to standard conditions.

Portfolio Pulse from Henry Khederian

December 19, 2023 | 2:44 pm

ACN

BCAN

CGEN

ETAO

MOTS

PBLA

ZJYL

U.S. stocks opened higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Materials shares led the market, while financial shares saw a slight decline. Accenture Plc (ACN) reported higher-than-expected Q1 earnings but provided a weaker sales forecast for Q2, expecting revenues to be lower than the consensus. Compugen Ltd. (CGEN), Panbela Therapeutics, Inc. (PBLA), and Jin Medical International Ltd. (ZJYL) saw significant stock price increases. Conversely, Motus GI Holdings, Inc. (MOTS), BYND Cannasoft Enterprises Inc. (BCAN), and ETAO International Co., Ltd. (ETAO) experienced notable declines in their share prices.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 2:42 pm