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The S&P 500 and Nasdaq 100's winning streak ended due to hawkish remarks from Fed Chair Jerome Powell. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), Dow Jones Industrial Average ETF (DIA), and iShares Russell 2000 ETF (IWM) all closed lower. The Health Care Select Sector SPDR Fund (XLV) and the Consumer Discretionary Select Sector SPDR Fund (XLY) were the weakest performers. Walt Disney Co. (DIS) was the best performer among mega-cap stocks, while Tesla Inc. (TSLA) was the worst. The iShares 20+ Year Treasury Bond ETF (TLT) closed lower as yields rose.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 9:59 pm

LMND

Lemonade Inc. has announced the filing of a Form S-3 Shelf Registration Statement. This allows the company to sell securities to the public in the future, subject to market conditions and the company's capital needs.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:56 pm

DOCS

Doximity Inc's Q2 results exceeded expectations with revenue of $113.6 million, up 11% YoY, and adjusted earnings of 22 cents per share. The company's board authorized a buyback of up to $70 million over the next 12 months. Doximity expects Q3 revenue to be between $127 million and $128 million, and full-year revenue of $460 million to $472 million.

Portfolio Pulse from Adam Eckert

November 09, 2023 | 9:51 pm

CLFD

Clearfield has announced an increase in its share repurchase program from $22M to $40M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:36 pm

EIS

IZRL

SPY

TLT

The White House announced a daily four-hour pause in the northern Gaza Strip, which was downplayed by Israel's Prime Minister and IDF. The Israeli shekel weakened by 0.6% against the dollar, and the iShares MSCI Israel ETF (EIS), ARK Israel Innovative Technology ETF (IZRL), SPDR S&P 500 ETF Trust (SPY), and iShares 20+ Year Treasury Bond ETF (TLT) all experienced losses.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 9:32 pm

GRNT

Granite Ridge Resources has increased its FY23 midpoint production guidance to 23,250 Boe per day, expecting an 18% midpoint annual production volume growth compared to 2022. The company also increased the midpoint of total capital expenditures for FY23 by $55 million to $350 million, primarily due to additional acquisitions. The company's third quarter results show a 23% increase in daily production levels and an 11% increase in net producing well count.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:28 pm

SVV

The Board of Directors at Savers Value Village has authorized a $50M share repurchase program.

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:21 pm

WOR

Worthington Industries' Board of Directors has approved the separation of its Steel Processing business, Worthington Steel, via a tax-free spin-off. The Board declared a pro rata distribution of 100% of the outstanding common shares of Worthington Steel to Worthington Industries shareholders. The distribution is expected to be payable on December 1, 2023. Worthington Steel common shares are expected to begin trading on the NYSE on November 28, 2023, under the symbol “WS WI.”

Portfolio Pulse from Charles Gross

November 09, 2023 | 9:19 pm

GRPN

Groupon's co-founder Eric Lefkofsky has announced his decision to resign from the company's board, effective November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:18 pm

GRPN

Groupon has entered into an agreement to sell a portion of its investment in SumUp for approximately $10 million. The sale is on the same economic terms as the October sale.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:17 pm