Streetbeat News

Revenues

MODV

ModivCare shares are trading higher following the announcement of an amended credit agreement with JP Morgan and other lenders, and the collection of $60 million in previously delayed contract receivables.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:53 pm

BABA

BIDU

JD

LI

NIO

PDD

XPEV

ZK

Chinese stocks, including Alibaba, NIO, XPeng, and Li Auto, are rallying following China's stimulus plans, which include cutting the reserve requirement ratio and allowing mortgage refinancing. Alibaba is highlighted as a key beneficiary, with increased exposure from investors like David Tepper.

Portfolio Pulse from Anusuya Lahiri

October 02, 2024 | 1:26 pm

F

Ford's Q3 U.S. retail sales increased by 4% to 504,039 vehicles, with electric vehicle sales totaling 23,509 units.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:18 pm

AREB

American Rebel Holdings' subsidiary, American Rebel Beverages, received a significant re-stocking order from Kansas' Standard Beverage for their American Rebel Light Lager. This indicates growing demand for their product.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:18 pm

TSLA

Tesla shares declined following the release of Q3 delivery and production figures, indicating potential investor concerns over the company's performance.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:14 pm

STLA

FCA US LLC reported a 20% year-over-year decrease in Q3 2024 U.S. sales, totaling 305,294 vehicles. Despite the decline, the company's market share increased from 7.2% in July to 8% in September, and inventory was reduced by 50K units. Incentives will continue across brands like Chrysler, Dodge, FIAT, Jeep, and Ram.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:13 pm

MULN

Mullen Automotive anticipates a Q3 2024 revenue of $4.5 million and plans to reduce cash burn through 2025, aiming for cash breakeven by December 2025.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:12 pm

FTDS

REGL

RPM

RPM International Inc (NYSE:RPM) reported a decline in sales but beat EPS expectations, leading to a rise in share price. Despite global headwinds, the company showed strong cash flow and liquidity. RPM expects flat sales in Q2 but anticipates EBIT growth. Investors can access RPM through ETFs like REGL and FTDS.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 1:10 pm

LLY

NVO

Eli Lilly is investing $4.5 billion in a new Medicine Foundry in Indiana to advance drug manufacturing and development. This facility aims to combine research and manufacturing, adding to Lilly's significant investments in the U.S. and positioning it to outpace competitors like Novo Nordisk.

Portfolio Pulse from Vandana Singh

October 02, 2024 | 1:06 pm

NKLA

Nikola Corp's stock rose as the company announced it wholesaled 88 hydrogen fuel cell electric trucks in Q3, surpassing its guidance. This marks a record sales quarter for Nikola, which has sold 235 trucks since Q4 2023. The company is yet to finalize its Q3 financials, with analysts expecting a loss.

Portfolio Pulse from Adam Eckert

October 02, 2024 | 1:03 pm