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OLIT

OTLK

The article lists the stocks that gained and lost the most in Thursday's mid-day session. Some of the top gainers include OmniLit Acquisition Corp., Panbela Therapeutics, Inc., Lemonade, Inc., and Aware, Inc. due to positive news such as merger approvals, publication of clinical data, and strong quarterly results. On the other hand, Outlook Therapeutics, Inc., Confluent, Inc., Remitly Global, Inc., and Acurx Pharmaceuticals, Inc. were among the top losers due to negative news such as additional clinical trials required for approval, mixed financial results, and disappointing efficacy results from a Phase 2 trial.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 6:26 pm

MAR

Marriott International Inc (NASDAQ:MAR) reported Q3 FY23 sales growth of 12% Y/Y to $5.93 billion, beating the analyst consensus. Adjusted EPS of $2.11 was in line with the analyst consensus. Total expenses rose 11% Y/Y to $4.8 billion. Adjusted EBITDA for the quarter rose 16% Y/Y to $1.14 billion. The company expects Q4 Adjusted EPS of $2.04-$2.13, against the consensus of $2.19. It revised its FY23 Adjusted EPS outlook to $8.50-$8.59 from $8.36 - $8.65 versus the consensus of $8.63. MAR shares are trading lower by 2.13% at $184.78.

Portfolio Pulse from Lekha Gupta

November 02, 2023 | 6:24 pm

BYND

Beyond Meat has issued its Q3 guidance, revised its FY23 outlook, and announced plans for expense reductions. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:22 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The price of TSM is up 2.96% at $90.4. Needham downgraded its action to Buy with a price target of $115.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 6:19 pm

NVST

Envista Holdings Corporation (NVST) reported Q3 sales of $631.3 million, missing the consensus of $648.636 million. Adjusted EPS was $0.43, lower than the $0.47 a year ago and below the consensus of $0.46. The company expects FY23 core sales to be down slightly due to uncertainties in the macro environment and volatility in the North American distribution channel. Piper Sandler downgraded the stock to Neutral from Overweight with a price target of $25. NVST shares are down 9.22% at $20.92.

Portfolio Pulse from Vandana Singh

November 02, 2023 | 6:18 pm

PTON

Peloton's shares are trading higher following the company's announcement of better-than-expected Q1 sales results and issued guidance.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:12 pm

CNQ

Canadian Natural Resources reported better-than-expected Q3 results and approved an 11% increase to its dividend, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:11 pm

LYFT

Lyft shares are trading higher after the company reached a settlement with the New York Attorney General's Office.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:04 pm

CSCO

A significant investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 54% of recent trades being bearish and 45% bullish. The total amount for put options was $707,290 and for call options was $503,325. The targeted price range for Cisco Systems over the last 3 months has been $45.0 to $55.0. The current price of CSCO is up 0.93% at $52.67, with the next earnings expected in 13 days.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 6:03 pm

KVUE

Kenvue (NYSE:KVUE) has seen unusual options activity, with a significant number of bearish trades. Whales have been targeting a price range from $19.0 to $22.5 for Kenvue over the last 3 months. The current price of KVUE is $18.9, up 0.11%. JP Morgan and Goldman Sachs have maintained their Overweight and Buy ratings on Kenvue, respectively, with a price target of $26.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 6:03 pm