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WMT

Walmart shares are trading lower on higher volume due to traders circulating rumors mentioned by Street Insider. The nature of the chatter is not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:14 pm

AMZN

CRM

Salesforce Inc (CRM) reported an 11% YoY increase in Q3 revenue to $8.72 billion and an adjusted profit of $2.11 per share, surpassing Wall Street expectations. Shares rose by 10% following the report. Salesforce is expanding its AI partnership with Amazon.com Inc (AMZN), integrating Amazon Bedrock into its services. Salesforce's largest units saw revenue growth, and it raised its fiscal 2024 operational cash flow growth guidance from 30% to 33%. The company is also forecasting a 10% revenue increase for Q4 and an 11% YoY rise for the full fiscal year.

Portfolio Pulse from Upwallstreet

December 01, 2023 | 4:12 pm

SPY

Federal Reserve officials believe further interest rate hikes may not be necessary to combat inflation, as indicated by Fed Chair Jerome Powell's recent comments. However, they are not ready to officially announce the end of rate increases or consider rate cuts, maintaining a cautious stance.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:11 pm

VSTO

Vista Outdoor Inc (NYSE: VSTO) announced leadership changes with the resignation of Gary L. McArthur as Interim CEO, effective December 1, 2023. McArthur will continue as an independent Director. Eric Nyman and Jason Vanderbrink have been appointed as Co-CEOs, with no additional compensation for their new roles. Additionally, Andrew Keegan has been appointed as CFO after serving as Interim CFO since November 2022. VSTO shares saw a slight decline of 0.51% to $28.07.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 4:09 pm

AIG

CRBG

Corebridge Financial's stock is trading lower following AIG's announcement of the pricing for a secondary offering of Corebridge Financial common stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:04 pm

BBW

DA Davidson analyst Michael Baker has maintained a Buy rating on Build-A-Bear Workshop (NYSE:BBW) but has reduced the price target from $42 to $38.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:03 pm

SPY

Fed Chair Jerome Powell indicated that it is 'premature to conclude with confidence' that the Federal Reserve is done raising interest rates. His comments suggest that the Fed is still open to the possibility of further rate hikes, depending on economic data.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:03 pm

ESTC

IOT

MARA

PATH

ULTA

Ulta Beauty, Inc. (ULTA) shares surged by 10.8% to $471.97 after reporting strong third-quarter sales and raising its full-year profit and sales forecasts. CFO Scott Settersten announced his retirement effective April 1, 2024. Other stocks also moved higher, including Elastic N.V. (ESTC), UiPath Inc. (PATH), and Samsara Inc. (IOT), following positive financial results and guidance. Stocks like GigaCloud Technology Inc. (GCT), CleanSpark, Inc. (CLSK), and Marathon Digital Holdings Inc. (MARA) also saw gains, with MARA benefiting from a surge in Bitcoin prices.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 4:02 pm

XPEV

XPENG's stock price is trading lower following the announcement of their vehicle delivery results for November 2023.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:01 pm

DLTR

The article provides an analysis of Dollar Tree (NASDAQ:DLTR) against its competitors in the Consumer Staples Distribution & Retail industry. It examines financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Dollar Tree's P/E ratio is higher than the industry average, suggesting a premium valuation. Its P/B ratio is below the industry average, indicating potential undervaluation based on book value. The P/S ratio is above the industry average, implying a possible overvaluation in sales terms. Dollar Tree's ROE is below the industry average, suggesting inefficiency in profit generation from equity. The company's EBITDA and gross profit are also below the industry average, indicating potential profitability challenges. Revenue growth is lower than the industry average, pointing to a possible decline in sales performance. Dollar Tree's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 4:00 pm