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FUBO

FuboTV has raised its FY23 revenue guidance from $1.26B-$1.28B to $1.319B-$1.324B, surpassing the $1.3B estimate. The company also increased its paid subscribers guidance from 1.565M-1.585M to 1.584M-1.599M, indicating a 10% YoY growth.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:39 am

Tradeweb Markets has reported a total trading volume of $37.2 trillion for October 2023. The average daily volume for the month was $1.75 trillion, marking an increase of 66.3% year-on-year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:38 am

CBOE

Cboe Global Markets has reaffirmed its high end of organic total net revenue growth range of 7-9 percentage points for 2023. The company has also decreased its adjusted operating expense outlook to $754M-$762M.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:35 am

AAPL

QQQ

SPY

The market mood has turned cautious after Apple's disappointing guidance, with traders likely taking profits. Most other earnings reports have been better than expected. The extended slide in bond yields and positive earnings reports served as upside catalysts. The S&P 500 Index rose by the most since April. In premarket trading on Friday, the SPDR S&P 500 ETF Trust slipped 0.16% and the Invesco QQQ ETF fell 0.40%. Apple shares fell over 3% in premarket trading following the company’s first-quarter guidance for flat revenue performance.

Portfolio Pulse from Shanthi Rexaline

November 03, 2023 | 11:35 am

AIZ

AVTA

MCY

UVE

The article lists four financial stocks that are considered overbought and may collapse this quarter. These include Assurant, Inc. (AIZ), Mercury General Corp (MCY), Universal Insurance Holdings, Inc. (UVE), and Avantax Inc (AVTA). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 11:33 am

GLD

SPY

UUP

On November 2nd, U.S. stock markets closed higher due to optimism about the Fed's rate hikes and positive quarterly reports. All S&P 500 sectors advanced, with the Dow Jones, S&P 500, and Nasdaq Composite all seeing gains. Asian markets also saw gains, with Japan's markets closed for Culture Day. European markets were mixed, with the STOXX 600 and Germany's DAX gaining, while France's CAC and the U.K.'s FTSE 100 traded lower. Commodities saw mixed results, with Crude Oil and Brent trading lower, while Natural Gas and Gold traded higher. U.S. futures were mixed, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 11:29 am

BTCUSD

ETHUSD

SOLUSD

TIAUSD

Ex-Ark Invest analyst, Chris Burniske, predicts that the current bull run in the crypto market may lose momentum soon. He classifies key cryptos into two categories: Bitcoin (BTC) and Ethereum (ETH) as the original crypto barbell, and Solana (SOL) and Tiamonds (TIA) as the next-gen blockchain platforms. Despite the bullish sentiment, the market shows volatility and traders remain wary.

Portfolio Pulse from Benzinga Neuro

November 03, 2023 | 11:28 am

FLGT

Fulgent Genetics (FLGT) has projected its FY23 core revenue to be $260M, slightly below the estimated $260.66M. The company also expects its adjusted EPS to be $(0.95), better than the estimated $(1.09).

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:27 am

SLCA

US Silica Holdings (NYSE:SLCA) reported Q3 adjusted earnings of $0.38 per share, missing the analyst consensus estimate of $0.41 by 7.32%. This is a 11.63% decrease from the same period last year. The company also reported quarterly sales of $366.96 million, missing the analyst consensus estimate of $380.20 million by 3.48%. This is a 12.38% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:27 am

ENB

Enbridge (NYSE:ENB) reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.44 by 5 percent. However, this is a 9.41 percent decrease from last year. The company's quarterly sales of $7.34 billion missed the analyst consensus estimate of $8.25 billion by 11.05 percent, marking a 17.29 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 11:24 am