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RL

Ralph Lauren Corp reported Q2 FY24 sales growth of 3% YoY to $1.63 billion, beating the analyst consensus estimate of $1.61 billion. Revenue in North America decreased by 1%, Europe increased by 7%, and Asia grew by 10%. The company held $1.5 billion in cash and equivalents as of September 30, 2023. Ralph Lauren continues to expect revenues to increase approximately low-single digits to last year on a constant currency basis. RL shares are trading higher by 2.13% at $115.26.

Portfolio Pulse from Shivani Kumaresan

November 08, 2023 | 5:28 pm

ARDX

EGY

IOVA

IQ

SVRA

The article discusses the potential of five OTC stocks to provide significant returns in 2024. The stocks mentioned are VAALCO Energy Inc. (EGY), Ardelyx Inc. (ARDX), Savara Inc. (SVRA), Iovance Biotherapeutics Inc. (IOVA), and iQIYI Inc. (IQ). The article also mentions Ohanae, a fintech innovator that provides a platform for trading and tokenization of OTC securities.

Portfolio Pulse from Chris Bibey

November 08, 2023 | 5:26 pm

XRPUSD

Ripple has upgraded its payments platform to expand its business interests in the U.S. and Africa. The new platform, Ripple Payments, targets corporate clients in the U.S. with cross-border payments solutions. The company also announced a partnership with African fintech Onafriq to facilitate cross-border crypto payments between Africa and other markets. Ripple's XRP token price has rallied 37% in the past month.

Portfolio Pulse from Khyathi Dalal

November 08, 2023 | 5:26 pm

GO

Grocery Outlet has reported lower-than-expected Q3 revenue guidance and issued FY23 guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:21 pm

DOX

Amdocs reported Q4 financial results and issued Q1 guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:19 pm

APLE

Apple Hospitality REIT has reported its Q3 financial results and issued FY23 guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:18 pm

CVX

SLB

Stephanie Link announced live on CNBC that she has purchased more shares of Chevron (CVX) and Schlumberger (SLB).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:18 pm

GS

A significant bullish stance has been taken on Goldman Sachs Gr (NYSE:GS) as indicated by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The big players have been eyeing a price window from $315.0 to $370.0 for Goldman Sachs Gr during the past quarter. JMP Securities downgraded its rating to Market Outperform, setting a price target of $440. Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $447.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:16 pm

MS

Unusual options activity has been detected for Morgan Stanley (NYSE:MS), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The big players have been eyeing a price window from $60.0 to $85.0 for Morgan Stanley during the past quarter. The stock is currently trading at $75.71, up by 0.26%.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:16 pm

TWLO

Twilio Inc (NYSE:TWLO) is set to report its Q3 earnings on Nov. 8. Analysts are optimistic about the company's growth potential, particularly due to its strategic acquisition of Segment and its latest generative AI tools. The company has also increased its portfolio diversification and capacity for growth through product development and acquisitions. The Street expects Twilio to report 35 cents in EPS and $988.23 million in revenue. The consensus price target on the stock is $67.61, representing a 22% upside.

Portfolio Pulse from Surbhi Jain

November 08, 2023 | 5:16 pm