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TPX

Tempur Sealy International Inc's shares fell by around 7% after reporting weaker-than-expected Q3 FY23 results. Sales declined 0.5% Y/Y to $1.277 billion, missing the consensus of $1.309 billion. The company also reported an adjusted EPS of $0.77, missing the analyst consensus of $0.81. The company has reduced its FY23 adjusted EPS guidance to $2.30-$2.50 from $2.50-$2.70.

Portfolio Pulse from Lekha Gupta

November 02, 2023 | 2:00 pm

SPY

USA Factory Orders for September increased by 2.8%, surpassing the estimated 2.4% and the prior 1.0%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:00 pm

CME

CME Group (NASDAQ:CME) has outperformed the market over the past 20 years, producing an average annual return of 14.68%. If an investor had bought $1000 of CME stock 20 years ago, it would be worth $15,637.31 today. The company currently has a market capitalization of $76.00 billion.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:00 pm

BA

Boeing (NYSE:BA) has outperformed the market over the past 20 years, producing an average annual return of 8.39%. If an investor had bought $100 of BA stock 20 years ago, it would be worth $494.26 today. The company currently has a market capitalization of $116.14 billion.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:00 pm

BTCUSD

CAKEUSD

ETHUSD

RUNEUSD

Bitcoin and Ethereum traded higher, with Bitcoin surpassing the $35,000 mark and Ethereum rising past $1,800. PancakeSwap was the top gainer over the past 24 hours, while THORChain was the biggest loser. U.S. initial jobless claims increased by 5,000 to 217,000 in the week ending Oct. 28, compared to market estimates of 210,000. The global crypto market cap rose to $1.3 trillion, recording a 24-hour gain of 2.3%.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 1:59 pm

DBVT

Goldman Sachs has maintained its Sell rating on DBV Technologies and lowered the price target from $1.3 to $1.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 1:57 pm

AAPL

Apple, Inc. (NASDAQ:AAPL) is set to release its Q4 results, with analysts expecting a revenue of $89.28 billion, marking a fourth straight quarter of year-over-year revenue drop. However, quarterly revenue is expected to climb 9.14% from the previous quarter. Morgan Stanley’s Erik Woodring expects Apple to report in line to better-than-expected results, thanks to iPhone revenue growth and accelerating Services revenue growth. However, he also warned of potential softness due to iPhone supply shortages and uneven consumer spending. Apple's stock has gained 34.5% for the year-to-date period.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 1:54 pm

META

A whale investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $130.0 to $320.0 for Meta Platforms over the last 3 months. The price of META is up 1.76% at $317.35. Analysts from Rosenblatt, JP Morgan, Piper Sandler, RBC Capital, and Keybanc have maintained their positive ratings on Meta Platforms, with price targets ranging from $355 to $411.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 1:46 pm

NVO

Novo Nordisk's Q3 FY23 sales rose 29% Y/Y to $8.58 billion, beating the consensus of $7.91 billion. Sales of obesity and diabetes drugs increased by 36% to $22 billion in the first nine months of the year. The company's profit before tax jumped 56% and earnings per share surged 58% to $0.73, beating the consensus of $0.71. Novo Nordisk is investing in internal and external capacity to increase supply both short and long-term.

Portfolio Pulse from Vandana Singh

November 02, 2023 | 1:43 pm

ELF

E.L.F. Beauty Inc (NYSE:ELF) reported strong Q2 results, beating estimates with a 76% YoY revenue increase to $215.5 million and earnings of 82 cents per share. The company raised its full-year revenue and earnings guidance above estimates. The stock was trading 10.7% higher at $104.27.

Portfolio Pulse from Adam Eckert

November 02, 2023 | 1:41 pm