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MKC

McCormick & Co (NYSE:MKC) reported Q3 earnings of $0.83 per share, surpassing the $0.67 estimate, and sales of $1.68 billion, slightly above the $1.67 billion estimate. Earnings increased by 27.69% year-over-year, while sales slightly decreased by 0.36%.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:32 am

HLN

PFE

Pfizer has divested a $3.3 billion stake in Haleon, reducing its holding from 22.6% to 15%. Despite the sale, Pfizer remains Haleon's largest shareholder. This move follows Pfizer's recent challenges, including the withdrawal of its sickle cell treatment Oxbryta. Pfizer's stock showed a slight pre-market gain, while Haleon's stock has risen significantly this year.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 10:25 am

Li Auto Inc. reported a significant increase in vehicle deliveries for Q3 2024, with a 45.4% year-over-year growth, reaching 152,831 units. The company also delivered 53,709 vehicles in September 2024, marking a 48.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:16 am

BNTX

BioNTech, along with its AI subsidiary InstaDeep, is showcasing its advancements in AI for personalized vaccines and cancer treatments. The company is leveraging AI technologies like the BFN generative protein model and DeepChain™ platform to enhance its immunotherapy pipeline.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 10:04 am

ERX

FENY

IAT

KBE

KRE

RWR

SCHH

USRT

XLE

Bank of America highlights real estate, financials, and energy as value sectors benefiting from the Fed's dual stimulus of rate cuts and rising corporate profits. ETFs like USRT, SCHH, RWR, KRE, IAT, KBE, ERX, FENY, and XLE are notable performers in these sectors.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 9:50 am

Ford Motor Co is offering free home chargers for customers who buy or lease a new electric Ford vehicle in the U.S. until January 2, 2025. This initiative aims to encourage EV adoption by addressing home charging concerns. Ford's EV segment is facing financial challenges, with significant losses expected this year.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 9:47 am

ITA

LMT

MISL

RTX

RTX Corporation's Pratt & Whitney has secured a $1.3 billion contract for the F135 Engine Core Upgrade, enhancing F-35 capabilities. This contract is expected to improve engine durability and power. Additionally, RTX's Raytheon has delivered a sensor payload for the U.S. Space Force's satellite project. RTX shares saw a slight increase in premarket trading.

Portfolio Pulse from Lekha Gupta

October 01, 2024 | 9:37 am

HOOD

Robinhood Markets Inc. has launched crypto transfers for European customers, allowing transactions in over 20 cryptocurrencies including Bitcoin, Ethereum, and Solana. The company offers a 1% deposit match for a limited time and emphasizes security features. This move is part of Robinhood's strategy to expand its cryptocurrency operations.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 9:36 am

TSLA

Morgan Stanley analyst Adam Jonas suggests Tesla may enter the aviation sector, potentially boosting its stock price significantly. Elon Musk's comments on electrified transport hint at this possibility. Tesla's current focus is on AI, robotics, and autonomy, with a robotaxi unveiling scheduled for October 10.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 7:58 am

AYI

CCL

EMKR

MKC

NKE

The S&P 500 recorded its first positive September since 2019, with a 2% gain, amid improving investor sentiment as the CNN Money Fear and Greed index moved to 'Extreme Greed'. Carnival Corporation reported better-than-expected earnings, and EMCORE Corporation's shares surged 83% following an acquisition offer. Investors are awaiting earnings from Acuity Brands, McCormick & Company, and NIKE.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 7:35 am