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AAPL

AVGO

CRUS

QCOM

QRVO

SWKS

KeyBanc analyst Brandon Nispel reports mixed results for Apple's iPhone 16 sales, with strong demand for Pro models but weaker base model sales. Despite this, Apple Store spending increased significantly. The news is neutral for Apple's supply chain, including Broadcom, Cirrus Logic, Qualcomm, Qorvo, and Skyworks Solutions. Nispel maintains his ratings and price targets for these companies.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 6:11 pm

GM

General Motors (GM) is optimistic about its future growth, driven by new vehicle launches and improved profitability in its electric vehicle (EV) segment. This was highlighted during their Investor Day presentation.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:08 pm

MSOS

The Benzinga Cannabis Capital Conference featured a panel titled 'Cannabis Financing 101: Understanding Loans, Investments, and Cash Flow, To Keep Your Business Running'. The panel focused on financial strategies for cannabis businesses.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:05 pm

COIN

HOOD

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Robinhood Markets (HOOD) with a $27 price target, citing new trading features and expected revenue growth. Coinbase (COIN) is rated Neutral with a $245 price target, driven by increased trading volumes and higher crypto prices.

Portfolio Pulse from Anusuya Lahiri

October 08, 2024 | 6:04 pm

SCLX

Scilex Holding Company reported preliminary Q3 2024 net sales for ZTlido in the range of $11M-$13M, showing a 9%-29% year-over-year increase. Total product net sales are estimated at $12M-$14M, reflecting a 19%-39% growth compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:00 pm

JNJ

Johnson & Johnson (JNJ) has discontinued its Phase 3 SunRISe-2 trial for TAR-200 in combination with cetrelimab for muscle-invasive urothelial carcinoma due to lack of superiority. Despite this, JNJ remains confident in the TARIS platform's potential. The company is set to release its Q3 2024 earnings on October 15, with analysts expecting an EPS of $2.20 and revenue of $22.13 billion. Goldman Sachs has reiterated a Neutral rating, slightly increasing the price target to $162.

Portfolio Pulse from Vandana Singh

October 08, 2024 | 6:00 pm

PENN

Needham analyst Bernie McTernan sees potential growth for PENN Entertainment due to product enhancements and ESPN integration. PENN's Q3 retail operations adjusted EBITDAR is expected to be $465M-$475M, with improved interactive EBITDA guidance. The analyst maintains a Buy rating with a $26 price target.

Portfolio Pulse from Lekha Gupta

October 08, 2024 | 5:59 pm

GM

General Motors (GM) CEO announced that the company is on track to achieve positive variable profitability for its electric vehicles (EVs) by Q4. The CEO also stated that profits in 2025 are expected to be similar to those in 2024, and that EV losses have peaked this year.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:58 pm

BA

RTX

Boeing faces safety and delivery challenges as the FAA issues a safety alert for 737 rudder systems, and a labor strike impacts aircraft deliveries. The NTSB criticized the FAA's response, and Boeing warns of reduced future deliveries due to the strike.

Portfolio Pulse from Hayden Buckfire

October 08, 2024 | 5:53 pm

AAL

AAPL

AMZN

CCL

DAL

DIA

DOCU

FCX

GOOGL

IWM

META

MPC

MSFT

NCLH

NVDA

PANW

PEP

QQQ

SPY

TSLA

VLO

XLK

U.S. markets rebounded on Tuesday as falling oil prices and optimism about the upcoming earnings season boosted tech and AI stocks. The S&P 500, Nasdaq 100, and Russell 2000 all saw gains, with major tech companies adding significant market value. Lower oil prices benefited cruise lines and airlines, while energy and materials stocks fell. Key ETFs like SPY, DIA, QQQ, and IWM also rose.

Portfolio Pulse from Piero Cingari

October 08, 2024 | 5:52 pm