Streetbeat News

Revenues

XPEV

XPeng shares rose following the announcement of a year-over-year increase in October delivery results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:50 pm

DKNG

FOX

FOXA

MGM

The Los Angeles Dodgers' 2024 World Series win and the Kansas City Chiefs' Super Bowl victories are seen as potential predictors for the 2024 presidential election. The Dodgers' win could boost Fox Corp's financial results due to high viewership. Betting odds favor Trump over Harris for the election. The Dodgers and Chiefs are favorites for future championships.

Portfolio Pulse from Chris Katje

November 01, 2024 | 2:45 pm

CDXC

ELAB

EPIX

LXRX

PRLB

TILE

U.S. stocks rose with the Dow Jones gaining over 400 points. The U.S. economy added 12,000 jobs in October, below expectations. ChromaDex, Proto Labs, and Interface saw significant stock price increases due to strong earnings reports, while ESSA Pharma, Elevai Labs, and Lexicon Pharmaceuticals experienced declines.

Portfolio Pulse from Avi Kapoor

November 01, 2024 | 2:43 pm

AMD

AMD shares fell 14% after Q3 results, despite exceeding revenue expectations. Data center growth was strong, but gaming revenue declined. Analysts see potential in AI and data center expansion, with the MI300 chip as a key driver. AMD forecasts Q4 revenue growth.

Portfolio Pulse from Henry Khederian

November 01, 2024 | 2:24 pm

MTZ

RFV

SHRT

MasTec, Inc. (NYSE:MTZ) shares surged after the company provided a strong Q4 outlook and raised its FY24 adjusted EPS guidance. Despite missing revenue expectations, the company reported a significant backlog increase and improved margins. Investors can also gain exposure through ETFs like Invesco S&P Midcap 400 Pure Value ETF (NYSE:RFV) and SHRT (NYSE:SHRT).

Portfolio Pulse from Lekha Gupta

November 01, 2024 | 2:23 pm

AMZN

AMZU

GLD

INTC

ITB

IWM

MAGS

QQQ

SOXX

SPY

USO

XLY

U.S. stocks rebounded after a hiring slump in October increased expectations for Federal Reserve interest rate cuts. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and other ETFs saw gains. Amazon's earnings boosted the Consumer Discretionary Select Sector SPDR Fund (XLY).

Portfolio Pulse from Piero Cingari

November 01, 2024 | 2:17 pm

SPY

The ISM Manufacturing Employment Index for October was reported at 44.4, below the estimated 45.0 and the previous month's 43.9. This indicates a contraction in manufacturing employment, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

SPY

The USA ISM Manufacturing PMI for October came in at 46.5, below the estimated 47.6 and the prior 47.2, indicating a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

SPY

The USA construction spending for September increased by 0.1%, slightly above the estimated 0.0% and matching the prior month's increase. This indicates a modest growth in the construction sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm

SPY

The USA ISM Manufacturing Prices Index for October rose to 54.8, surpassing the estimated 49.9 and the previous month's 48.3. This indicates an increase in manufacturing prices, which could impact inflation expectations and interest rate decisions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:00 pm