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Earnings

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The stock market rally was halted due to a warning from Iran of potential preemptive action against Israel. Strong consumer spending data was released, with retail sales exceeding consensus. President Biden's upcoming visit to Israel is seen as a positive for the market. Earnings from Bank of America Corp (BAC) were better than expected, despite a slowdown in consumer spending. Earnings from Goldman Sachs Group Inc (GS) and Lockheed Martin Corp (LMT) were worse than expected, while Johnson & Johnson (JNJ) exceeded expectations. Early trade money flows were negative in several tech stocks, including Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).

Portfolio Pulse from The Arora Report

October 17, 2023 | 2:42 pm

BK

Bank Of New York Mellon has reported its Q3 financial results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:31 pm

SFBS

Servisfirst Bancshares reported mixed Q3 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:31 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower after the company announced its Q3 2023 production and delivery totals. Lucid produced 1,550 vehicles and delivered 1,457 vehicles during Q3, lower than the 2,173 vehicles produced and 1,404 vehicles delivered in Q2. The company also recently opened a new EV manufacturing facility in Saudi Arabia.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 2:29 pm

PLD

Prologis Inc (NYSE:PLD) reported Q3 FY23 rental revenues of $1.78 billion, surpassing consensus estimates of $1.73 billion. However, core funds from operations per diluted share and net earnings per share fell compared to a year ago. The company's average occupancy stood at 97.1%. Prologis and its co-investment ventures issued an aggregate of $1.4 billion of debt at a weighted average interest rate of 3.2%. The company revised its FY23 guidance for net earnings per share and core FFO attributable to common stockholders.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 2:04 pm

REXR

Rexford Industrial Realty (REXR) is set to release its quarterly earnings report on October 18, 2023. Analysts estimate an earnings per share (EPS) of $0.56. The company's past performance shows a mixed trend in EPS and price change. The stock was trading at $49.3 as of October 16, with a 52-week return of -4.11%.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:02 pm

LVS

Las Vegas Sands (NYSE:LVS) is set to release its quarterly earnings report on October 18, 2023. Analysts estimate an earnings per share (EPS) of $0.53. The company's past performance shows a pattern of share price changes following earnings reports. The stock was trading at $45.39 as of October 16, with a 28.01% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:01 pm

SAP

SAP (NYSE:SAP) is set to release its quarterly earnings report on Wednesday, 2023-10-18. Analysts estimate an EPS of $1.41. Last quarter, SAP missed EPS by $0.13, resulting in a 0.07% increase in share price. Shares of SAP were trading at $130.7 as of October 16, with a 52-week increase of 48.32%.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:01 pm

WIT

Wipro (NYSE:WIT) is set to release its latest quarterly earnings report on Wednesday, 2023-10-18. Analysts estimate an earnings per share (EPS) of $0.07. Last quarter, the company missed EPS by $0.01, followed by a 2.5% increase in share price. Wipro's shares were trading at $4.91 as of October 16, with an 8.41% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:01 pm

NTRS

Northern Trust (NASDAQ:NTRS) is set to release its quarterly earnings report on Wednesday, 2023-10-18. Analysts estimate an EPS of $1.50. The company's past performance shows a trend of share price drops following earnings misses. The stock was trading at $68.85 as of October 16, with a 52-week return of -14.05%.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:01 pm