Streetbeat News

Stock Prices

F

GM

TSLA

Tesla CEO Elon Musk has acknowledged room for improvement in the company's deliveries despite its dominance in the EV market. This comes as other major players like General Motors and Ford Motor are scaling down their EV targets. Ford is delaying its $12 billion EV investment and will continue to focus on combustion engine and hybrid vehicles. General Motors has scrapped its plans to develop affordable EVs under $30K with Honda Motor and withdrew its EV production targets.

Portfolio Pulse from Anan Ashraf

November 01, 2023 | 11:36 am

SPR

Spirit AeroSystems expects to use between $150M and $200M in operations for FY23, with free cash flow expected to be a usage between $275M and $325M. This outlook reflects lower projected Boeing 737 deliveries of 345 to 360 units for the year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:36 am

EXTR

Extreme Networks has provided its Q2 and FY24 guidance, expecting Q2 revenue of $312M-$327M, lower than the $367.95M estimate. The company also anticipates an adjusted EPS between $0.26-$0.31, below the $0.37 estimate. For FY24, the company projects revenue growth in the mid-to-high single digits.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:35 am

SPR

Spirit AeroSystems Hldgs (NYSE:SPR) reported Q3 adjusted losses of $(1.42) per share, missing the analyst consensus estimate of $(1.39) by 2.16 percent. This is a 846.67 percent increase in losses from the same period last year. The company also reported quarterly sales of $1.44 billion, missing the analyst consensus estimate of $1.49 billion by 3.42 percent, but marking a 12.69 percent increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:33 am

AMD

PAYC

QQQ

SPY

WE

YUMC

Ahead of the Federal Reserve's rate decision, index futures are pulling back due to negative earnings reports from companies like Advanced Micro Devices, Inc. (AMD) and Yum China Holdings, Inc. (YUMC). The Nasdaq Composite, S&P 500, and the Dow Industrials have recorded three straight monthly losses. However, analyst Ryan Detrick predicts that November could bring positive news for the market. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell. Several companies, including Paycom Software, Inc. (PAYC) and WeWork Inc. (WE), saw significant drops in their stock prices.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 11:32 am

SLCA

U.S. Silica has announced price increases on its industrial and specialty products. The price increase is due to rising costs in production, labor, and logistics.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:30 am

APRN

EXTO

FTLF

TWNK

The article lists four overbought stocks in the consumer staples sector that may crash this quarter. These include FitLife Brands, Almacenes Éxito, Blue Apron Holdings, and Hostess Brands. FitLife Brands recently acquired MusclePharm's assets, Almacenes Éxito's stock jumped over 25% in the past month, Blue Apron is set to be acquired by Wonder Group, and Hostess Brands is being acquired by J. M. Smucker.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:28 am

BALY

Bally's has lowered its FY23 revenue guidance from the previously stated $2.5B - $2.6B to $2.4B - $2.5B, which is below the estimated $2.5B.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:27 am

SLAB

Silicon Labs has reported that the current demand environment remains weak and end market visibility continues to be challenging.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:26 am

BLDR

Builders FirstSource has revised its 2023 net sales outlook from $16.8B-$17.8B to $16.8B-$17.1B, indicating a potential decrease in expected revenue.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:22 am