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INTU

Intuit's stock is trading higher following the announcement of their Q1 financial results, which surpassed expectations. The company also provided positive guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:47 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NEM

NVDA

QQQ

SLV

SPY

TSLA

USO

The SPDR Gold Trust (GLD) is at an inflection point, with gold rallying and potentially breaking out from a long-term cup and handle pattern. The Arora Report suggests ignoring both perma gold bulls and crypto enthusiasts who downplay gold's value. Newmont Corporation (NEM) was the top performer in the S&P 500 recently. The article also notes positive early trade money flows in major tech stocks (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA) and ETFs (SPY, QQQ). The U.S. GDP growth rate of 5.2% challenges the expectation of a Fed rate cut in Q1 2024. The Arora Report advises investors to prepare for various market scenarios with a protection band strategy.

Portfolio Pulse from The Arora Report

November 29, 2023 | 4:46 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q3 FY23 earnings with net voyage revenue of $48.04 million, up 1.4% Y/Y but below the $59.14 million consensus. EPS was $0.04, down from $0.05 in 3Q22 and missing the $0.05 consensus. Operating income and adjusted EBITDA also declined Y/Y. The company declared a $0.06 dividend per share, with a new Suezmax tanker delivery scheduled for December 4, 2023. NAT shares fell 8.4% to $3.92.

Portfolio Pulse from Akanksha Bakshi

November 29, 2023 | 4:45 pm

KIM

Stifel analyst Simon Yarmak has maintained a Buy rating on Kimco Realty (NYSE:KIM) and increased the price target from $20.5 to $21.75.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:44 pm

KKR

KKR & Co. Inc. (KKR) stock is trading higher following the announcement that the company will acquire the remaining 37% stake in Global Atlantic for $2.7 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:43 pm

ROLL

RBC Bearings' stock has seen an uptick following an upgrade from B of A Securities, which changed its rating from Underperform to Buy and increased the price target from $230 to $280.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:40 pm

General Motors Co (GM) has reinstated its 2023 guidance and announced a $10 billion accelerated share repurchase program, with immediate retirement of $6.8 billion worth of stock. CEO Mary Barra expressed confidence in overcoming past challenges, including labor strikes and execution issues with Ultium and Cruise. The company expects adjusted earnings of $7.20 to $7.70 per share and adjusted automotive free cash flow of $10.5 to $11.5 billion. GM also plans to increase its dividend by 33%. GM shares rose 8.8% following the news.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 4:34 pm

FTCH

Farfetch Ltd (NASDAQ:FTCH) stock plummeted by 47% to $1.11 after the company announced it will not release its third-quarter 2023 financial results as scheduled and has canceled the associated conference call. The company also advised against relying on any previously provided estimates and stated it will provide a market update in the future. The stock has a 52-week high of $54.60 and a 52-week low of $27.85.

Portfolio Pulse from Henry Khederian

November 29, 2023 | 4:34 pm

VSTS

Vestis shares have risen following the announcement of improved year-over-year Q4 revenue results and the issuance of positive revenue growth guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 4:31 pm

General Dynamics Inc. (NYSE:GD) has seen a slight decrease in its share price in the current market session, with a 0.37% drop to $244.31. Despite a minor increase over the past month, the stock has decreased by 3.16% over the past year. Investors are examining the company's P/E ratio, which is lower than the Aerospace & Defense industry average, suggesting that the stock might be undervalued or that shareholders have low growth expectations. The P/E ratio is a critical metric but should be used alongside other financial analyses for investment decisions.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 4:30 pm