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AMAT

BABA

GPS

TSLA

WMT

U.S. stock indices showed mixed results with the Dow Jones slightly down, Nasdaq up, and S&P 500 also rising. Applied Materials (AMAT) reported strong Q4 results, beating estimates. Alibaba (BABA) saw its stock drop despite earnings per ADS beating consensus. Walmart (WMT) reported a 5.2% sales growth in Q3 FY24 but experienced a stock decline. Gap (GPS) exceeded earnings expectations but its stock decreased. Tesla (TSLA) shares fell, aligning with recent market trends and CPI data.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 2:08 am

TSLA

Elon Musk is facing criticism and calls for his resignation from Tesla (NASDAQ:TSLA) by Facebook co-founder Dustin Moskovitz due to Musk's endorsement of an antisemitic post. The controversy has led to negative reactions from public figures and investors, with Tesla investor Ross Gerber stating he would switch his Model Y for a Rivian vehicle. Musk defended his comments, which has further fueled the debate over his views on free speech and his influence on social media platforms.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 12:48 am

CMCSA

RUM

Former President Donald Trump maintains a strong lead in the GOP 2024 presidential nomination race according to the latest Morning Consult poll, with 64% support from Republican voters. Despite legal challenges, his support increased by 1% from the previous week. Nikki Haley continues to gain traction, moving up to 9%, while other candidates like Ron DeSantis and Vivek Ramaswamy saw a decrease in their polling numbers. The third Republican primary debate, which Trump skipped, was aired on NBC and streamed on Rumble, with Haley emerging as the winner according to one poll.

Portfolio Pulse from Chris Katje

November 16, 2023 | 11:27 pm

ICG

Intchains reported Q3 sales of $938.00K, a significant decline attributed to the challenging cryptocurrency market. The sales volume of ASIC chips, mainly used in cryptocurrency mining machines, decreased by 70.3%, along with a reduction in their average selling price.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:06 pm

GPS

Gap Inc (NYSE:GPS) shares rose in after-hours trading following the release of their Q3 financial results, which surpassed analyst expectations. Earnings were reported at 59 cents per share, beating the consensus of 18 cents. Quarterly sales reached $3.767 billion, exceeding estimates of $3.610 billion but showing a 7% decrease from the previous year. Online sales dropped by 8% and store sales by 6% year-over-year. The company forecasts Q4 net sales to be flat or slightly negative compared to $4.2 billion last year, and full-year 2023 sales to decline in the mid to single-digit range from $15.6 billion. CEO Richard Dickson highlighted market share gains and improvements in margins.

Portfolio Pulse from Ryan Gustafson

November 16, 2023 | 11:01 pm

CUTR

Cutera, Inc. has received a notification from Nasdaq due to the delay in filing its annual report. The company is required to submit a plan to regain compliance within 60 calendar days. If Nasdaq accepts the plan, Cutera may be granted up to 180 days from the annual report's due date to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:01 pm

NFLX

SONY

Netflix Inc (NASDAQ:NFLX) released the first part of the final season of 'The Crown,' which Prince Harry has admitted to watching in the past. However, he will not watch the new season due to the sensitive nature of the content involving his mother, Princess Diana. The show, co-produced with Sony Group Corp (NYSE:SONY), has been a significant part of Netflix's original content since 2016 and could see strong ratings with its final season, especially following the death of Queen Elizabeth II.

Portfolio Pulse from Chris Katje

November 16, 2023 | 10:57 pm

GEOS

Geospace Technologies (NASDAQ:GEOS) reported a significant increase in Q4 earnings to $0.33 per share, up from a loss of $(0.62) per share year-over-year. Sales also rose to $29.32M, a 13.31% increase from $25.87M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:50 pm

MVLA

Movella has received a notification from Nasdaq due to a delay in filing its Form 10-Q. The company is required to submit a plan to regain compliance with Nasdaq's listing rules within 60 calendar days.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:17 pm

HSIC

Henry Schein, Inc. received a deficiency notice from Nasdaq due to its failure to timely file its quarterly report. The company is working to resolve the issue and regain compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:16 pm