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The housing market is showing slight signs of recovery, with top-income earners buying homes and sellers offering concessions. Redfin Corp reports an increase in mortgage applications by 2.5% this week. High-income buyers are active, with the average income of homebuyers at $107,000. Despite a pause in Fed rate hikes, high mortgage rates persist, affecting the housing market. Beazer Homes USA is set to release earnings with high expectations after a 30% stock increase in the past month. Home Depot reported strong earnings, boosting construction and home builder stocks.

Portfolio Pulse from Natan Ponieman

November 16, 2023 | 8:16 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) stock fell sharply after reporting Q3 earnings. Despite a smaller loss per share than expected ($1.57 vs. $1.80 consensus), sales were significantly below expectations at $141,990 compared to the anticipated $560,000. This represents a 24.57% decrease from the previous year's sales. The stock experienced moderate fluctuations post-earnings before dropping over 33% on Thursday.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 8:06 pm

GAMB

Gambling.com Group's (NASDAQ:GAMB) stock plummeted over 20% after its Q3 earnings report, despite a 19% revenue increase to $23.5 million and surpassing expectations. The company saw robust organic growth in North America and a 26% increase in new depositing customers. The launch of Casinos.com and expansion into Kentucky were also noted. Analysts remain bullish with a consensus Buy rating, but the stock drop suggests investor concerns. Shares are still up 15% YTD.

Portfolio Pulse from Aaron Bry

November 16, 2023 | 7:55 pm

UBX

Wedbush analyst Andreas Argyrides upgraded Unity Biotechnology Inc (NASDAQ:UBX) from Neutral to Outperform and raised the price target from $2 to $4. The upgrade reflects Unity's strong cash position and successful execution, particularly after positive results from the Ph2 BEHOLD trial for UBX1325/DME. The company plans to initiate a Ph2b trial against aflibercept in patients with DME later in 2023 and report further trial results in Q4:24 and Q1:25. Unity ended Q3 with $45.9 million in cash, providing a runway into Q2:25. UBX shares dropped by 1.09% to $1.81.

Portfolio Pulse from Shivani Kumaresan

November 16, 2023 | 7:41 pm

FIXX

PLCE

SONO

UTI

VLCN

WAVD

WSM

U.S. stocks traded lower with the Dow Jones falling over 100 points. Utilities shares surged by 1%, while energy shares fell by 2.2%. Williams-Sonoma (NYSE:WSM) reported better-than-expected Q3 adjusted earnings, beating EPS estimates but falling short on sales expectations. Sonos (NASDAQ:SONO) shares rose 18% after strong Q4 results. WaveDancer (NASDAQ:WAVD) shares jumped 68% due to a merger agreement with Firefly Neuroscience. Universal Technical Institute (NYSE:UTI) gained 14% following strong sales. Volcon (NASDAQ:VLCN) plunged 64% after announcing a public offering. The Children's Place (NASDAQ:PLCE) dropped 29% after weak earnings. Homology Medicines (NASDAQ:FIXX) fell 38% after announcing a merger with Q32 Bio. Gold prices increased by 1.2%, and oil prices declined by 5.7%.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 7:30 pm

PANW

Following Palo Alto Networks Inc's (NASDAQ:PANW) Q3 FY23 results, several analysts have raised their price targets due to better-than-expected earnings and revenue. The company reported an EPS of $1.38, surpassing the consensus estimate of $1.16, and revenue of $1.88 billion, beating the $1.84 billion estimate. Full-year 2024 earnings and revenue forecasts were also provided, with earnings expected to be between $5.40 and $5.53 per share, and revenue between $8.15 billion and $8.20 billion. Analysts from Needham, Oppenheimer, Stifel, Mizuho Securities, Goldman Sachs, Morgan Stanley, and Raymond James have reiterated their positive ratings and raised their price targets, citing factors such as solid revenue growth, trusted platform status, and strong cloud assets. Despite the positive outlook, PANW shares were trading lower by 5.85% at $241.37.

Portfolio Pulse from Lekha Gupta

November 16, 2023 | 7:12 pm

RBLX

Roblox Corp's Investor Day has sparked optimism among analysts, with several reiterating or upgrading their ratings and price targets based on the company's projected bookings growth, margin expansion, and advertising business potential. Piper Sandler raised the price target from $50 to $52, while other analysts from firms like Oppenheimer, Needham, Benchmark, Morgan Stanley, Citi, and Raymond James provided positive outlooks and price targets ranging from $30 to $52. Despite the positive analyst sentiment, RBLX shares traded lower by 4.48% at $37.98.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 6:48 pm

BBD

Bank Bradesco Inc. (NYSE:BBD) stock has seen a 0.64% increase in the current session, trading at $3.14, with a 10.21% increase over the past month and a 9.83% increase over the past year. The company's P/E ratio of 12.98 is slightly lower than the industry average of 13.12, which could indicate that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:45 pm

TSLA

Tesla Inc (NASDAQ:TSLA) stock is down 3.2% to $235.06 amid a broader pullback after recent gains. The stock rose earlier in the week due to softer-than-expected October CPI data, which could boost consumer spending and benefit Tesla's sales. Lower inflation may also help Tesla by keeping material costs down, potentially improving profit margins. Tesla's 52-week range is between $101.81 and $299.29.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 6:38 pm

FSLY

Fastly, Inc. (NASDAQ:FSLY) shares are trading lower on Thursday despite being up nearly 95% year-to-date. The company reported record revenue in Q3, with sales of $127.82 million, a 17.8% increase year-over-year, and a smaller-than-expected quarterly loss of 6 cents per share. The stock is experiencing heavy trading volume, surpassing its 100-day average, and is a focus for short-sellers and retail investors, with 8.18% of shares sold short.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 6:37 pm