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DIA

QQQ

SPY

The traditional 'Weekend Effect' in the stock market, which implied lower returns on Mondays compared to preceding Fridays, seems to be dissipating. Over the last six months, the stock market experienced gains on 20 out of 24 Mondays. The S&P 500 Index (SPX), Dow Jones Industrial Average (DJIA), and NASDAQ-100 (NDX) closed positive 83.33%, 66.67%, and 91.67% of the time on Mondays, respectively.

Portfolio Pulse from Surbhi Jain

November 03, 2023 | 1:07 pm

MWA

Mueller Water Products (MWA) has released its preliminary, unaudited Q4 and FY23 consolidated results. The company anticipates consolidated net sales to be between $1,260 million and $1,275 million, 1.0% to 2.2% higher than the prior year. Adjusted EBITDA is expected to be between $197 million and $203 million, 1.3% to 4.4% higher than the prior year. During FY23, approximately $48 million was returned to shareholders through dividends and common stock repurchases. As of September 30, 2023, total debt outstanding was approximately $447 million and cash and cash equivalents were approximately $160 million.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:07 pm

ABCL

AGL

ARQT

CVRX

CYTO

ERAS

HOWL

KTTA

NEXI

NVOS

PBLA

TSBX

Several healthcare stocks experienced significant movement in Friday's pre-market session. Novo Integrated Sciences, Werewolf Therapeutics, Pasithea Therapeutics, Altamira Therapeutics, Arcutis Biotherapeutics, and CVRx saw their stocks rise, with Arcutis Biotherapeutics also releasing its Q3 earnings. On the other hand, Panbela Therapeutics, NexImmune, Agilon Health, Erasca, Turnstone Biologics, and AbCellera Biologics saw their stocks fall, with Agilon Health and AbCellera Biologics also releasing their Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm

BYU

CREG

EAF

ELIQ

ESGL

HLIO

IEP

MYNA

PRLB

TRU

During Friday's pre-market session, 12 industrial stocks showed significant movement. Gainers included Smart Powerr (CREG), Icahn Enterprises (IEP), Proto Labs (PRLB), Electriq Power Holdings (ELIQ), Barnes Gr (B), and Desktop Metal (DM). Losers included Helios Technologies (HLIO), GrafTech International (EAF), Baiyu Holdings (BYU), Mynaric (MYNA), TransUnion (TRU), and ESGL Holdings (ESGL). Q3 earnings reports were released for IEP, PRLB, HLIO, and EAF.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm

DOCN

INSG

Several IT stocks showed significant movement in Friday's pre-market session. DigitalOcean Holdings (DOCN), Research Frontiers (REFR), CalAmp (CAMP), Sprout Social (SPT), eGain (EGAN), and Mawson Infra Gr (MIGI) saw gains, with DOCN leading with a 27.2% increase. On the other hand, Inseego (INSG), BILL Holdings (BILL), Fortinet (FTNT), Ubiquiti (UI), WaveDancer (WAVD), and My Size (MYSZ) experienced losses, with INSG falling by 29.5%. Most of these movements were influenced by the release of Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:05 pm

CAH

Cardinal Health Inc (NYSE:CAH) reported Q1 FY24 adjusted EPS of $1.73, up 44% Y/Y, beating the consensus of $1.41. Sales increased 10% to $54.80 billion, beating the consensus of $54.76 billion. The company raised its FY24 adjusted EPS guidance to $6.75-$7.00 from prior guidance of $6.50-$6.75. CAH shares are up 3.61% at $97.17 during the premarket session.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 1:05 pm

CTG

Cegeka Groep NV and Computer Task Group, Incorporated (NASDAQ:CTG) have announced the extension of the expiration date of their offer to acquire all outstanding shares of CTG. The offer, initially set to expire on November 3, 2023, has been extended to December 12, 2023. As of November 2, 2023, approximately 56.9021% of the outstanding shares had been tendered. The offer is subject to certain conditions, including regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:02 pm

QSR

Restaurant Brands International Inc (NYSE:QSR) reported Q3 FY23 sales growth of 6.4% YoY to $1.837 billion, missing the analyst consensus estimate of $1.874 billion. Consolidated comparable sales increased 7%, and net restaurants grew 4.2% versus the prior year. Adjusted EPS of $0.90 beat the consensus estimate of $0.86. The company held $1.3 billion in cash and equivalents as of September 30, 2023, and declared a dividend of $0.55 per common share. QSR shares traded lower by 3.03% at $67.00 premarket on Friday.

Portfolio Pulse from Shivani Kumaresan

November 03, 2023 | 1:00 pm

Analysts have provided somewhat bullish ratings for DuPont de Nemours (NYSE:DD) in the last quarter. The company has an average price target of $77.75, a decrease of 5.76% from the previous average price target of $82.50.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:00 pm

TYL

Analysts have given Tyler Technologies (NYSE:TYL) a bullish rating, with an average price target of $457.5, indicating an upside from the current price of $405.75. The average price target has increased by 2.81% over the past month.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:00 pm