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AMZN

GOOGL

MSFT

SNAP

TSLA

US stocks showed positive momentum on Tuesday with Dow Jones, NASDAQ, and S&P 500 indices rising. Microsoft, Alphabet, Snap, Amazon, and Tesla were the top stocks gaining attention. Microsoft reported a 13% YoY increase in its fiscal first-quarter revenue. Alphabet reported an 11% YoY increase in its third-quarter revenue. Snap announced a $500 million buyback program. Amazon received a Buy rating from Seaport analyst Aaron Kessler. Tesla hinted at a driving range for its upcoming Cybertruck comparable to or better than a Model X.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 1:30 am

V

Visa's board of directors has authorized a new $25 billion multi-year share repurchase program and increased the company's quarterly cash dividend from $0.45 to $0.52 per share. The dividend will be payable on December 1, 2023, to all holders of record as of November 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:15 pm

TDY

Teledyne Technologies Incorporated (TDY) has announced a change in its leadership structure, effective January 1, 2024. Robert Mehrabian will become the Executive Chairman, Edwin Roks will take over as CEO, and George Bobb will assume the role of President and COO.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:51 pm

MRIN

Marin Software has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on October 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 9:31 pm

ARKK

COIN

DKNG

PATH

RBLX

TSLA

ARK Innovation ETF (ARKK) recorded a 3% surge on Tuesday, its strongest session since late August. The primary driver was optimism surrounding the approval of a Bitcoin ETF, with Coinbase Global Inc. (COIN) playing a key role. Other stocks contributing to the ETF's performance include Tesla Inc. (TSLA), UiPath Inc. (PATH), Roblox Corp. (RBLX), and DraftKings Inc. (DKNG).

Portfolio Pulse from Piero Cingari

October 24, 2023 | 9:20 pm

DAL

Delta Air Lines has announced the cancellation of its service between Tel Aviv's Ben Gurion Airport and New York's John F. Kennedy International Airport through November 15.

Portfolio Pulse from Charles Gross

October 24, 2023 | 9:17 pm

V

Visa Inc. reported better-than-expected Q4 results, with earnings of $2.33 per share, beating the analyst consensus estimate of $2.24. Quarterly sales were $8.61 billion, surpassing the estimate of $8.55 billion. Payment volume for the quarter rose 9% YoY, and the number of processed transactions grew 10%. Visa also raised its quarterly cash dividend by 16% to $0.520 per share and authorized a new $25 billion multi-year share repurchase program.

Portfolio Pulse from Ryan Gustafson

October 24, 2023 | 9:04 pm

INM

InMed Pharmaceuticals Inc. (NASDAQ:INM) has announced a private placement and preferred investment option exercise priced at-the-market under Nasdaq rules. The company will issue and sell 3,012,049 of its common shares and preferred investment options to purchase up to an aggregate of 3,012,049 common shares, at a purchase price of $0.83 per share. The aggregate gross proceeds from the offerings are expected to be approximately $5.2 million. The company intends to use the net proceeds for pipeline development of its pharmaceutical drug candidates, support commercial sales of rare cannabinoids through its subsidiary BayMedica LLC, and for general working capital purposes.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 8:44 pm

NVOS

Novo Integrated Sciences' board of directors has approved a $5 million stock repurchase program. This move is typically seen as a sign of confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:42 pm

SNAP

Snap Inc. reported better-than-expected Q3 results, with earnings of two cents per share and sales of $1.19 billion, beating analyst estimates. The company also announced a $500 million stock buyback program. However, shares fell 4.12% in after-hours trading. Snap's COO, Jerry Hunter, is set to retire.

Portfolio Pulse from Ryan Gustafson

October 24, 2023 | 8:41 pm