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FSR

Fisker Inc (NYSE:FSR) stock is falling after reporting Q3 financial results with lower-than-expected revenue and a reduced production forecast. The company reported a revenue of $71.8 million against a consensus estimate of $109.029 million and a quarterly loss of 27 cents per share. Fisker produced 4,725 vehicles and delivered 1,097 in Q3, but cut its full-year production target to 13,000-17,000 vehicles from 20,000-23,000. Barclays analyst Dan Levy maintained an Underweight rating on Fisker and lowered the price target from $5 to $4.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 1:53 pm

SBET

SharpLink Gaming (NASDAQ:SBET) experienced a widening of its quarterly losses to $(0.99) per share compared to $(0.86) per share in the same quarter last year. However, the company's sales saw a significant increase, rising 153.49% to $3.27 million from $1.29 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:52 pm

YOSH

Yoshiharu Global (NASDAQ:YOSH) reported a 12.80% increase in Q3 sales to $2.00 million, up from $1.77 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:51 pm

FSR

Fisker Inc.'s stock (FSR) is trading lower due to the company reporting Q3 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:48 pm

BA

LMT

Boeing Co (NYSE:BA) is expanding its Huntsville factory by 35,000 square feet to increase its annual PAC-3 seeker production by over 30%. The PAC-3 seeker is essential for the Patriot surface-to-air defense system, and Boeing has delivered the 5,000th unit. The company has invested over $100 million in the Huntsville facilities since 2010 and has been a subcontractor to Lockheed Martin Corp (NYSE:LMT) for over 20 years. Boeing's contracts for seeker production since 2021 exceed $2 billion, with the new facility expected to be operational by early 2027. BA shares saw a slight increase of 0.32% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 1:42 pm

BCDA

INVO

THRX

Theseus Pharmaceuticals (THRX) is exploring strategic alternatives, causing its stock to surge by 53%. BioCardia (BCDA) announced FDA approval for its Phase 3 clinical trial of CardiAMP cell therapy for ischemic heart failure, leading to a 166% stock increase. INVO BioScience (INVO) reported a smaller-than-expected GAAP EPS loss of $0.70, beating estimates by $0.17, but missed revenue targets by $0.96M, with a total revenue of $0.97M, resulting in a 51% stock jump.

Portfolio Pulse from ryanfaloona@benzinga.com

November 14, 2023 | 1:41 pm

TECK

Teck Resources Limited's stock (TECK) is trading higher following the announcement of the complete divestiture of its steelmaking coal business, valued at an implied enterprise value of $9 billion.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:41 pm

XP

XP Inc. shares have risen following the release of their mixed Q3 financial results, indicating varied performance across different financial metrics.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:39 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) experienced higher than average call volume with a significant purchase of November 4-calls, indicating trader expectations for the stock to rise by November expiration. Despite reporting lower than expected Q3 sales and a quarterly loss, the stock closed up 4.5% on Monday. Lucid also recently partnered with Riyadh Air, founded by Saudi Arabia's Crown Prince.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 1:38 pm

UUP

U.S. inflation slowed more than expected in October 2023, with the CPI increasing by 3.2% year-over-year, below September's 3.7% and economists' expectations of 3.3%. This deceleration strengthens the case for the Federal Reserve to pause interest rate hikes, as market probabilities prior to the CPI report suggested an 86% chance of rates remaining unchanged in December and potential rate cuts in the following year. The core CPI also showed a modest increase of 0.2% month-over-month, indicating easing inflation pressures. The Invesco DB USD Index Bullish Fund ETF (UUP) saw a 0.6% drop following the report.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 1:37 pm