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FLNG

Flex LNG reported Q3 adjusted earnings of $0.67 per share, a 15.19% decrease YoY. However, the company's sales increased by 3.64% to $94.58 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:51 am

LCID

Lucid Group Inc (NASDAQ:LCID) is facing scaling issues in Saudi Arabia, which is affecting its delivery numbers. The company had planned to deliver more vehicles in Saudi Arabia in Q3, but scaling up took longer than expected. Lucid has a purchase agreement to sell up to 100,000 vehicles to the Saudi government over the next 10 years. The company is now aiming to scale deliveries in Q4. It has already manufactured 700 EVs and shipped them to Saudi Arabia for final assembly.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 8:48 am

DDOG

DIS

LYFT

UBER

Despite the overall fear level in the market, U.S. stocks closed higher on Tuesday, with the S&P 500 and Dow Jones recording their longest winning streaks in years. Technology stocks gained amid a decline in yields. Datadog shares jumped over 28% after reporting better-than-expected Q3 results and strong guidance, while Uber's Q3 revenue and GAAP EPS missed consensus. The U.S. trade deficit increased to $61.5 billion in September. Investors are awaiting earnings results from Ralph Lauren, Kellanova, The Walt Disney Company, and Lyft.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 8:13 am

ADXN

Addex Therapeutics has regained compliance with NASDAQ's minimum bid price rule. The company's stock, ADXN, was previously at risk of being delisted due to its share price falling below the required minimum.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:00 am

IDA

IDACORP has priced its public offering of 2,801,724 common shares at $92.80 per share.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:58 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing a labor union threat in Sweden, a key European market, as workers at four major ports are striking against the company. The strike is on the verge of expanding to all Swedish ports. IF Metall, a powerful union in Sweden, warned Tesla that it would go on strike if the company did not agree to sign a collective agreement with its striking mechanics. Another union, Fastighets, has said it would not clean Tesla premises in several locations starting Nov. 17. Tesla responded by saying the workers were already being offered equivalent or better agreements.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 7:53 am

CLDX

Celldex Therapeutics has priced its public offering of 7.425 million common shares at $27 per share.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:51 am

AAPL

AMZN

BRK

Warren Buffett, CEO of Berkshire Hathaway, admitted to missing early investment opportunities in Amazon. Berkshire Hathaway began buying Amazon shares in 2019, owning around 10.55 million shares worth roughly $1.37 billion by Q2 2023. However, Apple remains the leading equity portfolio investment of Berkshire Hathaway, constituting nearly half of its $318.62 billion equity investment in five companies. If Berkshire had invested $1.07 billion in Amazon instead of Apple in 2016, it would be worth $5.1 billion now, compared to Apple's $7.03 billion.

Portfolio Pulse from Ananya Gairola

November 08, 2023 | 7:41 am

AKAM

DIS

EBAY

Kellanova, Akamai Technologies, The Walt Disney Company, eBay Inc., and Ralph Lauren Corporation are stocks to watch. Kellanova is expected to report earnings of 83 cents per share on revenue of $3.62 billion. Akamai reported better-than-expected Q3 results and raised its 2023 guidance. Disney is expected to earn 70 cents per share on revenue of $21.35 billion. eBay posted upbeat Q3 earnings but expects Q4 earnings of $1.00 to $1.05 per share on revenue of $2.47 billion to $2.53 billion. Ralph Lauren is expected to report earnings of $1.93 per share on revenue of $1.61 billion.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 7:34 am

KNF

MDU

Knife River has priced its secondary public offering of 5,142,383 common shares at $54 per share. The shares are currently owned by MDU Resources Group, Inc., Knife River's former parent company. Knife River will not be selling any shares of common stock and will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:34 am