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DASH

DoorDash, Inc. (NASDAQ:DASH) reported better-than-expected Q3 earnings, with losses of 19 cents per share, beating estimates of 40 cents losses. The company also reported Q3 revenue of $2.164 billion, beating the consensus estimate of $2.092 billion. Following the earnings announcement, Wedbush and Barclays analysts raised their price targets on DoorDash.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 5:32 pm

PIK

RCKY

During Thursday's intraday session, several consumer discretionary stocks saw significant movement. Rocky Brands (RCKY), Jakks Pacific (JAKK), Lixiang Education Hldg (LXEH), a.k.a. Brands Holding (AKA), Golden Heaven Group Hldgs (GDHG), and Newegg Commerce (NEGG) all saw increases, with Rocky Brands leading with a 41.1% increase. On the other hand, Kidpik (PIK), Sturm Ruger & Co (RGR), Naas Technology (NAAS), BorgWarner (BWA), Aptiv (APTV), and SRM Entertainment (SRM) all saw decreases, with Kidpik leading with a 14.7% decrease.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:31 pm

DRIO

MCRB

OTLK

VIRI

During Thursday's intraday session, several healthcare stocks experienced significant movements. Virios Therapeutics, Alpine Immune Sciences, Cyclacel Pharmaceuticals, Panbela Therapeutics, Kodiak Sciences, and Omega Therapeutics saw gains, while Outlook Therapeutics, Acurx Pharmaceuticals, Seres Therapeutics, Connect Biopharma Hldgs, DarioHealth, and Kintara Therapeutics experienced losses. Q3 earnings for Seres Therapeutics and DarioHealth were also released.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:31 pm

AWRE

CFLT

EGHT

PCOR

Several IT stocks experienced significant movement during Thursday's intraday session. Notable gainers included Aware (NASDAQ:AWRE), 8x8 (NASDAQ:EGHT), Weave Communications (NYSE:WEAV), Baijiayun Group (NASDAQ:RTC), Arteris (NASDAQ:AIP), and Palantir Technologies (NYSE:PLTR). On the other hand, Confluent (NASDAQ:CFLT), Procore Technologies (NYSE:PCOR), Tenable Holdings (NASDAQ:TENB), Belden (NYSE:BDC), Blackboxstocks (NASDAQ:BLBX), and UTStarcom Holdings (NASDAQ:UTSI) saw their stocks fall.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:31 pm

TSLA

Tesla shares are trading higher following the Federal Reserve's decision to maintain interest rates at their current levels. This news comes amid overall market strength.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:30 pm

VRSK

Verisk Analytics (NASDAQ:VRSK) has outperformed the market over the past 10 years by 4.64% on an annualized basis, producing an average annual return of 13.91%. If an investor had bought $100 of VRSK stock 10 years ago, it would be worth $336.32 today.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:30 pm

ETN

Eaton Corp (NYSE:ETN) has outperformed the market over the past 20 years, producing an average annual return of 11.36%. If an investor had bought $1000 of ETN stock 20 years ago, it would be worth $8,585.97 today.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:30 pm

NKLA

Nikola Corp reported weaker-than-expected Q3 FY23 sales of $(1.73) million, significantly missing the consensus of $13.3 million. The company didn't produce any trucks in Q3, shipped only 3 trucks, and reported a gross loss of $(125.5) million. Despite these results, Nikola's shares are trading higher by 8.56%. The company expects higher costs related to truck recall that will increase required capital to achieve profitability in 2025. Nikola recently won an arbitration proceeding with its founder and former executive chairman Trevor Milton, being awarded approximately $165 million plus interest.

Portfolio Pulse from Lekha Gupta

November 02, 2023 | 5:28 pm

HUM

Humana's stock price is trading lower after Stephens & Co maintained an Overweight rating but lowered its price target from $575 to $570.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:25 pm

ABNB

Airbnb reported better-than-expected Q3 results with revenue of $3.4 billion, beating the consensus estimate of $3.37 billion. However, the company issued a weak Q4 forecast, expecting revenue between $2.13 billion and $2.17 billion, against a consensus of $2.18 billion. Following the earnings announcement, analysts from Needham, Wedbush, and Morgan Stanley lowered their price targets on Airbnb. Airbnb shares fell 2.3% to trade at $116.69 on Thursday.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 5:24 pm