Streetbeat News

Earnings

CURV

FAST

JPM

PACB

WFC

Fastenal Company reported better-than-expected Q3 earnings, leading to a 6% rise in its stock price. Other notable stock gains include Torrid Holdings, Pacific Biosciences, and Wells Fargo, among others.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 2:28 pm

PSNY

Polestar Automotive shares declined following the announcement of Q3 global delivery volumes and business updates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:27 pm

JPM

JPMorgan Chase shares rise following a positive Q3 earnings report that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:20 pm

CATX

CDT

INHD

JPM

NCNC

TWG

ZENA

The Dow Jones index rose by 150 points, driven by strong earnings from JPMorgan Chase & Co. (JPM), which reported better-than-expected Q3 FY24 results. Financials led the market with a 1.3% increase, while consumer discretionary shares fell. Several stocks experienced significant price movements, including Top Wealth Group Holding Limited (TWG), ZenaTech Inc (ZENA), and Conduit Pharmaceuticals Inc (CDT), which saw substantial gains, while Inno Holdings Inc (INHD), Perspective Therapeutics Inc (CATX), and noco-noco Inc (NCNC) experienced declines.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 2:11 pm

BLK

JPM

MRNA

TSLA

WFC

Tesla's stock is experiencing volatility following the unveiling of its self-driving Cybercab, with concerns over production timelines. JPMorgan Chase reports a significant increase in investment banking revenue, while Wells Fargo faces lower profits. BlackRock beats earnings projections, and Cathie Wood's Ark Invest sells Moderna stock.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 2:06 pm

MANH

In the last three months, analysts have shown a positive shift in sentiment towards Manhattan Associates (NASDAQ:MANH), with several raising their price targets. The average 12-month price target has increased by 9.56% to $286.4. The company has demonstrated strong financial performance with notable revenue growth and profitability metrics.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 2:01 pm

KARO

Karooooo (NASDAQ:KARO) is set to release its quarterly earnings report on October 14, 2024. Analysts expect an EPS of $0.39. Investors are keen on not just an earnings beat but also positive future guidance. Historically, Karooooo has shown positive price changes post-earnings, with a 60% increase over the past year.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 2:00 pm

DFRA

BP has issued a warning about weaker refining margins and higher debt in its updated third-quarter guidance. The company expects stable upstream production but anticipates unfavorable impacts in oil production and operations. Weaker refining margins are expected to negatively impact results by $0.4 billion to $0.6 billion, and BP projects higher net debt by the end of the quarter.

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 1:12 pm

IOT

NVDA

XLV

On CNBC's 'Final Trades', Nvidia, Samsara, and The Health Care Select Sector SPDR Fund were highlighted. Nvidia was praised by Kevin Simpson and received an Overweight rating from Morgan Stanley. Samsara reported strong earnings, and The Health Care Select Sector SPDR Fund was recommended by Liz Young Thomas.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 1:03 pm

JPM

JP Morgan projects its FY2024 net interest income to be around $92.5 billion, with a Q3 YTD of $69.6 billion implying a Q4 income of approximately $22.9 billion. Excluding markets, the FY24 net interest income is expected to be $91.5 billion. The FY24 adjusted expense is also projected at $91.5 billion.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:03 pm