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Hurricane Milton, a potential Category 4 or 5 storm, is set to hit Florida, impacting theme parks like Disney and Universal, power companies, and insurance firms. Home improvement retailers and generator companies may benefit from increased demand due to storm damage.

Portfolio Pulse from Chris Katje

October 07, 2024 | 2:55 pm

GIS

KO

PEP

Sen. Elizabeth Warren and Rep. Madeleine Dean have accused major food and beverage companies, including General Mills, Coca-Cola, and PepsiCo, of engaging in 'shrinkflation'—reducing product sizes while maintaining or increasing prices. They also criticized these companies for benefiting from tax cuts and paying lower tax rates than many individuals. The lawmakers have demanded transparency on pricing and tax practices from these corporations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:48 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) reported its Q3 EV production and delivery numbers, showing a decrease in production but an increase in deliveries compared to Q2. The company plans to release its Q3 earnings on Nov. 7. Analysts expect a loss of 30 cents per share and revenue of $182.233 million. Lucid also showcased its upcoming Lucid Gravity SUV, set to start production later this year. Despite a 19.52% YTD decline, analysts' average price target suggests potential upside for LCID stock.

Portfolio Pulse from Erica Kollmann

October 07, 2024 | 2:47 pm

AMZN

CVX

NFLX

NVDA

TSLA

Nvidia's GPU sales may be at risk as China promotes local AI chips in retaliation, potentially impacting Nvidia's market share. Meanwhile, Tesla, Amazon, and Netflix see gains, boosting investor optimism. Chevron sells $6.5B in assets to Canadian Natural Resources.

Portfolio Pulse from Akanksha Bakshi

October 07, 2024 | 2:39 pm

CART

Maplebear shares rose following the announcement of three new capabilities for their Caper Cart product.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:35 pm

CETY

Clean Energy Technologies, Inc. (CETY) announced that its affiliate, Vermont Renewable Gas, LLC, has secured a $1M USDA REAP grant to advance its biomass and waste-to-energy technologies. This funding will support the development of a 2.2-megawatt renewable energy facility in Lyndon, Vermont.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:34 pm

SIFY

Sify Technologies shares rise as the company announces the deployment of optical technology to connect seven metro area networks in India and upgrades its national distance network to support services up to 600G.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:33 pm

PUBM

PubMatic, an adtech company, has laid off 1% of its workforce to streamline operations and focus on growth areas such as connected-TV ads.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:25 pm

BIIB

RHHBY

SRRK

Scholar Rock's apitegromab shows promising results in a Phase 3 trial for spinal muscular atrophy, leading to a significant stock price increase. The company plans to submit FDA and European marketing applications in 2025.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 2:23 pm

GNRC

Generac Holdings shares are experiencing an uptick in trading due to Hurricane Helene, as the company specializes in generators and power equipment.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:20 pm