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RBA

RBC Capital analyst Arthur Nagorny has maintained an Outperform rating on RB Global (NYSE:RBA) but has reduced the price target from $75 to $73.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:35 pm

USFD

US Foods Holding Corp (NYSE:USFD) reported a slight increase in Q3 sales but marginally missed analyst consensus estimates. Adjusted EPS exceeded expectations, and the company raised its FY23 adjusted EPS and EBITDA guidance. Following the earnings announcement, US Foods' stock price rose by 3%, and analysts at Morgan Stanley and Truist Securities increased their price targets for USFD, maintaining Overweight and Buy ratings respectively.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:35 pm

WYNN

Wynn Resorts, Limited (NASDAQ:WYNN) shares dropped by 8.1% despite reporting higher than expected third-quarter revenue and earnings per share. The company's revenue was $1.67 billion, surpassing the consensus estimate of $1.585 billion, and adjusted EPS was 99 cents, beating the estimate of 75 cents. The article also lists other stocks that moved in the mid-day session, with various companies experiencing significant gains or losses after reporting their financial results, guidance updates, or other corporate actions.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:34 pm

BA

Boeing Company (NYSE:BA) anticipates a significant expansion of Southeast Asia's commercial airplane fleet, projecting growth from the current number to over 4,000 jets by 2042. This growth is expected to occur at an annual rate of 6.9%, which is twice the global rate, driven by low-cost carriers. Boeing's 2023 Commercial Market Outlook highlights the potential for increased air traffic and connectivity in the region, particularly due to a rising middle class. Separately, Boeing suffered a data breach when the cybercrime gang Lockbit leaked internal data online after threatening to do so if a ransom was not paid. The leaked data dates back to late October. Despite this, Boeing's stock price saw an increase of 1.04% to $195.35 in recent trading.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 6:33 pm

U

Unity Software Inc (NYSE:U) reported Q3 earnings with revenues falling short of consensus estimates, leading to layoffs and cost-cutting plans. The company suspended guidance to assess its product portfolio and cost structure. Analysts from Stifel, Wedbush, Needham, Piper Sandler, and Oppenheimer provided their insights, with most maintaining positive ratings but reducing price targets. Unity's shares rose 3.01% to $26 following the earnings report.

Portfolio Pulse from Priya Nigam

November 10, 2023 | 6:25 pm

TPR

Tapestry Inc (NYSE:TPR) reported a slight increase in Q1 FY24 sales but missed analyst consensus estimates. Adjusted EPS beat expectations. The company lowered its FY24 sales forecast, leading to a 0.9% drop in share price. Raymond James and Goldman Sachs reduced their price targets on Tapestry, maintaining Outperform and Buy ratings respectively.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:24 pm

TDG

TransDigm Group Incorporated (NYSE:TDG) exceeded Q4 FY23 earnings expectations with a 23% year-on-year sales increase to $1.852 billion and an adjusted EPS of $8.03, surpassing consensus estimates. The company forecasts FY24 net sales between $7.48 billion and $7.68 billion and adjusted EPS of $31.00-$32.94, both above consensus. TransDigm also plans to acquire the Electron Device Business of Communications & Power Industries for $1.385 billion. Following the news, TDG shares rose 1%, and analysts at Susquehanna and Morgan Stanley raised their price targets for TDG.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:18 pm

TSM

Shares of TSMC (TSM) are up following a report of a significant 34.8% month-over-month increase in net revenue for October.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:17 pm

NVDA

NVIDIA shares are experiencing an uptick due to reports of the company's plans to launch three new AI chips in China, alongside a general rise in the semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:16 pm

AMD

AMD shares are up following a report by Mercury Research indicating a market share gain in the PC market for Q3.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:14 pm