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TUP

Tupperware Brands Corporation (NYSE:TUP) shares saw an increase, potentially due to a surge in retail investor interest in meme stocks, similar to the movements in GameStop Corporation (NYSE:GME), Carvana Co. (NYSE:CVNA), and AMC Entertainment Holdings, Inc. (NYSE:AMC). Tupperware was also trending on Yahoo's Trending Tickers. The broader consumer discretionary sector was supported by a decline in Treasury yields. TUP closed up 15.8% at $1.91.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 9:11 pm

SNOW

Snowflake projects Q4 product revenue to be between $716M-$721M, reflecting a 29-30% increase year-over-year. For fiscal year 2024, the company anticipates product revenue to reach $2.65B, marking a 37% growth from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:08 pm

SNOW

Snowflake Inc. (NYSE:SNOW) reported Q3 earnings of $0.25 per share, surpassing the consensus estimate of $0.16 by 56.25%. Year-over-year, this represents a 127.27% increase from $0.11 per share. Quarterly sales reached $734.17 million, exceeding estimates of $712.78 million by 3.00% and marking a 31.80% increase from $557.03 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:06 pm

ADIL

Adial Pharmaceuticals has regained compliance with Nasdaq's listing requirements, likely averting the risk of delisting. This development could restore investor confidence in the company's stock, ADIL, and potentially lead to a positive short-term impact on its share price.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:06 pm

CRM

Salesforce projects FY24 adjusted earnings per share (EPS) to be between $8.18 and $8.19, surpassing the estimated $7.35. The company also forecasts revenue to reach $34.75 billion to $34.8 billion, which is significantly higher than the estimated $31.75 billion.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:05 pm

CVX

TSLA

The Supreme Court is reviewing a case that could limit the SEC's ability to use in-house courts for prosecuting securities fraud, following a ruling that such proceedings are unconstitutional. This could impact various federal agencies and lead to a backlog in federal courts. The SEC argues that its specialized expertise is crucial for fair rulings, while critics believe the current system puts consumers at risk.

Portfolio Pulse from Neil Dennis

November 29, 2023 | 9:03 pm

FIVE

Five Below reported Q3 earnings of $0.26 per share, surpassing the consensus estimate of $0.23, and sales of $736.40M, exceeding the estimate of $725.38M. However, earnings per share decreased by 10.34% compared to last year, while sales increased by 14.16% from the same period.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:02 pm

YOSH

Yoshiharu Global Co (NASDAQ:YOSH) stock surged 53% to $7.35 after a 1-for-10 reverse stock split to meet Nasdaq's Minimum Bid Price Requirement. The company also acquired Las Vegas restaurant assets for $3.6 million, projecting an 80% revenue increase with four new establishments by early 2024. This expansion is part of a strategy to boost revenue, especially during peak seasons.

Portfolio Pulse from Henry Khederian

November 29, 2023 | 8:56 pm

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TUP

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YOSH

Shares of companies in the consumer discretionary sector are up due to a drop in Treasury yields, positively affecting stock prices.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:55 pm

CVS

HUM

CVS Health Corporation (NYSE:CVS) shares dropped approximately 3% in response to reports of merger discussions between Cigna Group (NYSE:CI) and Humana Inc (NYSE:HUM). The potential merger, which could be finalized by the end of 2023, is seen as a threat to CVS's position in the health insurance market. CVS stock has been underperforming, with a 27.89% decline year-to-date.

Portfolio Pulse from Ryan Gustafson

November 29, 2023 | 8:54 pm