Streetbeat News

Earnings

VTNR

Vertex Energy Inc (VTNR) has updated its Q3 2023 financial and operational outlook, with throughput volumes at its Mobile, Alabama Refinery expected to surpass prior guidance, thanks to optimization initiatives. The company also expects finished fuel products to account for a larger percentage of total production volumes than previously guided. The company's shares are trading higher by 8.9%.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 3:35 pm

BLK

JPM

PGR

PNC

WFC

XLF

US financial institutions have reported strong Q3 earnings, surpassing analysts' expectations. JP Morgan Chase, Wells Fargo, Citigroup, BlackRock, PNC Financial Services Group, and The Progressive Corp all reported higher than expected earnings per share. The Financial Select Sector SPDR Fund rose 0.8% in response to the positive earnings. However, PNC Financial Services Group saw the steepest daily drop within the sector, down 2.9%.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 3:22 pm

Citi CEO has announced that the revival of IPOs has helped increase the bank's investment banking revenue in Q3. The bank also played a significant role in advising one of the world's largest deals.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:11 pm

PNC

PNC Financial Services Group reported a miss in revenue and a decline in net interest income in its Q3 results, leading to a drop in its share price.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 2:59 pm

APLS

AVAV

CDE

CMTL

DRD

FSM

GRPN

JPM

MAX

MCW

PGR

STKL

VSAT

VTNR

WFC

Several US stocks recorded gains on Friday, with Comtech Telecommunications Corp., SunOpta Inc., Hecla Mining Company, Viasat, Inc., Coeur Mining, Inc., Groupon, Inc., Vertex Energy, Inc., Mister Car Wash, Inc., Dollar General Corporation, First Majestic Silver Corp., DRDGOLD Limited, Apellis Pharmaceuticals, Inc., Fortuna Silver Mines Inc., The Progressive Corporation, AeroVironment, Inc., MediaAlpha, Inc., JPMorgan Chase & Co., Wells Fargo & Company, and Citigroup Inc. all seeing increases. Factors contributing to these gains include better-than-expected Q4 results, sale of assets, stock upgrades, operational updates, and better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 2:49 pm

PSQH

PSQ Holdings reported strong preliminary Q3 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:41 pm

HLF

IMKTA

PRDO

SANW

STG

Benzinga Insights has identified five notable value stocks in the consumer defensive sector based on quantified analysis. These include Herbalife (HLF), Sunlands Technology (STG), Ingles Markets (IMKTA), Perdoceo Education (PRDO), and S&W Seed (SANW). The companies' recent earnings and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:40 pm

GSM

HCC

METC

PRM

Benzinga Insights has identified five value stocks in the basic materials sector based on their low P/E multiples. These include Perimeter Solutions (PRM), Ferroglobe (GSM), Warrior Met Coal (HCC), Ramaco Resources (METC), and Cemex (CX). The Q2 earnings per share for these companies have shown mixed results, with increases for Perimeter Solutions and Ferroglobe, and decreases for Warrior Met Coal and Ramaco Resources.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:39 pm

NVO

Novo Nordisk A/S (NYSE:NVO) has raised its FY23 guidance due to surging sales of its weight-loss drug Wegovy and diabetes treatment Ozempic. The company expects 2023 sales growth in local currencies of 32%-38%, up from 27% to 33% previously. Operating profit growth is projected at 40%-46%, up from 31%-37%. However, the company faces challenges in ramping up production to meet the high demand.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 2:31 pm

Shares of Cigna Group (NYSE:CI) are trading higher by 3.1% due to UnitedHealth's strong Q3 results and increased 2023 EPS guidance. The strong performance of UnitedHealth is seen as a reflection of a robust healthcare industry, which can benefit all companies within the sector, including Cigna Group.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 2:31 pm