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HD

RBC Capital Markets analyst Steven Shemesh initiated coverage on The Home Depot Inc (NYSE:HD) with a Sector Perform rating and a price target of $303. Shemesh sees long-term growth potential for HD due to structural tailwinds in the home improvement industry, HD's supply chain investments, and advantaged real estate positions. However, he also warns of near-term risks due to higher interest rates, inflation, and a shift in consumer spending towards services.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 7:27 pm

GOGO

Gogo Inc reported Q3 FY23 revenue growth of 7% YoY to $97.9 million, missing the consensus of $103.8 million. EPS of $0.16 beat the consensus of $0.14. The company cut its FY23 revenue outlook to $390 million - $400 million from the prior $410 million - $420 million. Gogo's shares traded lower by 5.98% at $9.99 on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 7:27 pm

SAN

Banco Santander Inc. (NYSE:SAN) shares are currently trading at $3.72, after a 1.33% drop. Over the past month, the stock fell by 1.06%, but over the past year, it increased by 43.30%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Banks industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:15 pm

GFS

GlobalFoundries Inc (NASDAQ:GFS) reported a Q3 FY23 revenue decline of 11% YoY to $1.852 billion, beating the consensus of $1.849 billion. The company's adjusted EPS of $0.55 also beat the consensus of $0.49. However, the adjusted gross margin and operating margin declined. The company generated $416 million in operating cash flow and held $3.4 billion in cash and equivalents. GFS shares traded higher by 5.35% at $54.42.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 7:11 pm

CVX

Chevron Corporation (NYSE:CVX) reportedly sees a limited path for Venezuela's oil production expansion, despite the country receiving a reprieve from U.S. sanctions. The U.S. Treasury Department has granted a six-month license allowing Venezuela to freely engage in oil production and sales. However, Chevron's Vice President of Crude Supply and Trading, Patti Leigh, expressed skepticism about the immediate effects of this license due to its short-term nature.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 7:09 pm

QNRX

Quoin Pharmaceuticals (NASDAQ:QNRX) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-2.72. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $4.52, down 75.2% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:02 pm

MRMD

MariMed (OTC:MRMD) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.00. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $0.315 and has seen a 37.75% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:02 pm

ASRT

Assertio Holdings (NASDAQ:ASRT) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.11. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company beat EPS by $0.05, which was followed by a 45.61% drop in the share price. Over the last 52-week period, shares are down 17.23%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:02 pm

LTRX

Lantronix (NASDAQ:LTRX) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a pattern of share price increases following earnings reports, even when EPS estimates were missed. The stock is currently trading at $4.37 and has seen a 14.58% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:01 pm

EBS

Emergent BioSolutions (NYSE:EBS) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.22. The company's past performance shows a trend of missing EPS estimates, which has led to significant drops in share price. The stock is currently trading at $2.35, down 81.36% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:01 pm