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The investment chief of The Wealth Consulting Group, Jim Worden, has proposed adding Berkshire Hathaway Inc. to the 'Magnificent Seven', a group of seven mega-cap growth stocks. The current group includes Apple Inc., Microsoft Corporation, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Tesla Inc., and Nvidia Corporation. Worden suggests that Berkshire Hathaway's inclusion would significantly diversify the group due to its presence in numerous sectors and larger market capitalization than Tesla or Meta.

Portfolio Pulse from Benzinga Neuro

October 28, 2023 | 3:16 am

AAPL

META

Meta Platforms Inc. (NASDAQ:META) has reportedly cut its shipment forecast for Quest 3 by 5-10% following a $3.7 billion operating loss primarily linked to decreased Quest 2 sales. Analyst Ming-Chi Kuo from TF International Securities predicts that Reality Labs' losses will continue to widen due to lower-than-expected market demand. He also highlighted the impending competition from Apple Inc.'s (NASDAQ:AAPL) first-generation mixed-reality headset, Vision Pro, which is technically 2-3 years ahead of Meta's Quest.

Portfolio Pulse from Ananya Gairola

October 28, 2023 | 2:13 am

DECK

Deckers Outdoor Corporation (NYSE:DECK) reported a YoY increase in Q2 earnings per share and better-than-expected sales results, leading to a surge in its stock price. The company also raised its FY 2024 earnings per share guidance and net sales outlook. BTIG analyst Janine Stichter maintained a Buy rating for DECK and raised the price target from $640 to $650.

Portfolio Pulse from Erica Kollmann

October 27, 2023 | 8:43 pm

ORLY

O'Reilly Automotive Inc.'s stock has increased by 1.73% over the past month and by 10.44% over the past year. The company's P/E ratio of 24.53 is higher than the Specialty Retail industry's aggregate P/E ratio of 15.68, indicating that the stock might be overvalued. However, a higher P/E ratio could also suggest that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 8:15 pm

FMX

Fomento Economico (NYSE:FMX) reported Q3 earnings of $1.50 per share, beating the analyst consensus estimate of $1.40 by 7.14%. This is a 45.63% increase from the same period last year. However, the company's quarterly sales of $11.02 billion missed the analyst consensus estimate of $11.67 billion by 5.54%, but still represents a 29.89% increase from last year.

Portfolio Pulse from Happy Mohamed

October 27, 2023 | 7:42 pm

PHG

RMD

ResMed Inc. (RMD) is gaining market share in the flow generator market due to Koninklijke Philips N.V.'s (PHG) product recall. ResMed's Q1 revenue increased by 16% to $1.1 billion. Needham analyst Mike Matson reiterated a Buy rating on ResMed with a price target of $180, while Oppenheimer analyst Suraj Kalia also reiterated an Outperform rating with a price target of $175. However, ResMed's shares are trading lower by 3.03% to $134.53.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 7:34 pm

MPWR

Oppenheimer analyst Rick Schafer has reiterated the Outperform rating on Monolithic Power Systems, Inc. (NASDAQ:MPWR), but lowered the price target from $565 to $500. The company is expected to report in-line 3Q/4Q results, with strength in AI and auto. However, auto is expected to be flat in 3Q and 4Q due to two delayed customer launches. Schafer expects the company's order velocity to pick up in 1H24 and estimates AI servers to be up >30% this year. MPWR's transition to BCD4 and BCD5 is expected to give it a sustainable cost advantage over competitors.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 7:31 pm

F

MBLY

Mobileye Global Inc (MBLY) has slightly lowered its CY23 revenue forecast due to SuperVision (SV) shipments tracking towards the low end of guidance. However, analysts from Needham and Raymond James remain bullish, citing progress with higher average selling price (ASP) programs, potential design wins, and strong business development. Ford Motor Co's (F) BlueCruise may contribute 500k units to Cloud-Enhanced (CE) ADAS in CY24. MBLY shares traded lower by 3.92% at $34.99 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 7:29 pm

HAS

Hasbro reported worse-than-expected Q3 financial results and anticipates a revenue decline in FY23. B of A Securities has downgraded the stock to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:26 pm

ANET

A significant amount of unusual options activity has been observed for Arista Networks (NYSE:ANET), with a split sentiment of 50% bullish and 50% bearish. The options trades include 9 puts amounting to $420,808 and 3 calls amounting to $120,210. The targeted price range for ANET over the last 3 months is from $130.0 to $260.0. Currently, ANET's price is up 3.45% at $175.69. Piper Sandler has downgraded its action to Neutral with a price target of $190.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 7:18 pm