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JOBY

Joby Aviation responded to recent statements by Kerrisdale, a company with a vested interest in lowering Joby's share price. Joby encouraged investors to review their public filings for accurate information about their progress and financial projections. They highlighted recent achievements including expanded testing, delivery of the first-ever electric air taxi to the U.S. Air Force, and the announcement of their first scaled manufacturing facility.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:40 pm

KO

PEP

WMT

PepsiCo Inc (NASDAQ:PEP) reported strong Q3 results, beating Wall Street estimates and raising its full-year guidance for a third consecutive quarter. The company's revenue grew 6.7% to $23.45 billion, with net income of $3.09 billion. However, volume fell due to inflation impacting product demand. PepsiCo's North American food divisions outperformed the beverages unit. The company also reported successful price increases. However, the growing popularity of weight loss drugs could impact PepsiCo, Coca Cola (NYSE:KO), and Walmart Inc (NYSE:WMT) as they may need to alter their offerings to fit changing consumer behavior.

Portfolio Pulse from Upwallstreet

October 10, 2023 | 3:34 pm

PATH

UiPath, Inc. (NYSE:PATH) shares are trading higher after the company announced a new integration allowing customers access to Amazon Bedrock. The connector for Amazon Bedrock enables developers to integrate generative AI directly within Amazon Web Services (AWS). PATH shares have risen nearly 9% over the last five days, but are still 5% lower for the month. The stock is currently trending on Yahoo! Finance, and 11.11% of PATH shares are being sold short.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 3:19 pm

BA

Boeing has ended September with a commercial airplane backlog of 5,172. The company booked 74 orders for 787s and 150 orders for 737 MAX in September.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:07 pm

IPG

Interpublic Group's (IPG) subsidiary, Momentum Worldwide, has been granted three patents related to artificial intelligence (AI). This could potentially enhance the company's offerings and competitiveness in the market.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:40 pm

AKRO

Akero Therapeutics Inc (NASDAQ:AKRO) reported a 36-week analysis of SYMMETRY, a 96-week Phase 2b study of efruxifermin (EFX) in patients with compensated cirrhosis due to nonalcoholic steatohepatitis (NASH). The drug was not statistically significant in improving liver scarring without worsening of NASH, causing shares to tumble. However, statistically significant rates of NASH resolution and improvements in non-invasive liver injury and fibrosis markers were observed in EFX-treated groups.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:28 pm

CL

IAN

VRNO

A team of female entrepreneurs is preparing to open a recreational marijuana dispensary in Bloomfield, New Jersey. The business, Nightjar, owned by Soulstar Holdings, is one of 48 licensed cannabis operators in the state that will receive $12 million in grant money. Other cannabis dispensaries are also opening across the US, including those owned by iAnthus Capital Holdings, Inc., Verano Holdings Corp., and Cresco Labs Inc.

Portfolio Pulse from Jelena Martinovic

October 10, 2023 | 2:22 pm

BMWYY

BMW reported a 5.8% YoY increase in Q3 deliveries for 2023, with 621,699 vehicles delivered. Sales of fully-electric BMW and MINI vehicles rose by 79.6% YoY to 93,931 units. Sales in China fell by 1.8%, while they rose by 7.8% in the U.S. and 12.9% in Europe. The company expects strong delivery growth in FY23, with electric vehicles expected to account for 15% of total vehicle sales. BMWYY shares closed higher by 1.45% at $33.85 on Monday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

AAPL

NVDA

SSNLF

Samsung Electronics is expected to see a nearly 80% drop in Q3 earnings due to challenges in the semiconductor segment. However, the launch of Apple's iPhone 15 series and a potential partnership with Nvidia to supply advanced memory chips for AI applications could boost Samsung's performance.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 2:03 pm