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MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has outperformed the market by 18.61% on an annualized basis, producing an average annual return of 27.9%. If an investor had bought $100 of MSCI stock 10 years ago, it would be worth $1,172.15 today. The company currently has a market capitalization of $38.36 billion.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 8:00 pm

EYPT

Over the past 3 months, 5 analysts have published their opinion on EyePoint Pharmaceuticals (NASDAQ:EYPT) stock. The majority of the ratings are bullish with an average price target of $26.8, a 0.74% decrease from the previous average price target of $27.00.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 8:00 pm

AAPL

GOOGL

QRVO

Analysts have lowered their price targets for Qorvo Inc (QRVO) despite the company's strategic wins with Apple and stability in China's Android market. QRVO reported a solid upside for the September quarter and a promising outlook for the December quarter. The company is benefiting from significant content gains in iPhone 15 and is optimistic about additional content opportunities with Apple. The Android market in China is stabilizing, and QRVO is doing well with Samsung and Alphabet Inc. However, analysts have lowered their price targets due to recent multiple contractions in the sector.

Portfolio Pulse from Anusuya Lahiri

November 02, 2023 | 8:00 pm

SMG

Scotts Miracle-Gro Co. (NYSE:SMG) reported a 10% decrease in total company net sales for the fiscal year ending September 30, 2023, amounting to $3.55 billion. The company's U.S. Consumer segment experienced a 3% sales decline, while the Hawthorne segment's sales saw a 35% decrease. The company reported a full-year GAAP loss per share of $6.79, but non-GAAP adjusted earnings were $1.21 per diluted share. The fourth quarter saw a 24% decrease in company-wide sales. However, free cash flow improved, amounting to $438 million, marking a $681 million year-over-year increase.

Portfolio Pulse from Joana Scopel

November 02, 2023 | 7:58 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by 0.8% due to the Fed's decision to keep interest rates unchanged. Low interest rates make it cheaper for companies like Amazon to borrow money for expansion, acquisitions, or new ventures, positively affecting its growth prospects and stock price. AMZN has a 52-week high of $145.86 and a 52-week low of $81.43.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 7:57 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, with an increase of over 11% ahead of its Q3 earnings release. The company is expected to report losses of two cents per share and revenue of $140.26 million. A high level of short interest, with 38.87% of shares currently sold short, may be contributing to the price move. Upstart also announced a partnership with Vesta, a SaaS provider of mortgage loan origination software, to support its new home equity line of credit (HELOC) product.

Portfolio Pulse from Ryan Gustafson

November 02, 2023 | 7:55 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher by 2.9% due to the Fed's decision to keep interest rates unchanged. The Federal Reserve has maintained the federal funds rate at 5.25% to 5.5% for the second consecutive time. This decision can positively impact the banking sector as it maintains favorable lending conditions and preserves their net interest margins.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 7:54 pm

BAC

Bank of America Corp (BAC) shares are trading higher by 4.2% amid overall market strength after the Federal Reserve kept rates unchanged. The Fed's decision to maintain the federal funds rate steady and its cautious approach to future rate increases reduces uncertainty in the financial markets, which is positive for banks. High inflation can erode the real value of loans, but a measured approach to rate hikes can help maintain the profitability of banks' lending operations.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 7:53 pm

COR

Cencora Inc's Q4 FY23 adjusted EPS reached $2.86, beating the consensus of $2.80. Revenue was $68.9 billion, up 12.7% Y/Y, beating the consensus of $66.02 billion, primarily due to increased sales of products for diabetes and weight loss. However, the company's shares are down 2.73% at $192.35.

Portfolio Pulse from Vandana Singh

November 02, 2023 | 7:49 pm

ABNB

Airbnb's shares are trading lower following the release of its Q3 financial results and Q4 guidance.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:47 pm