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Stock Prices

PCOR

Jefferies analyst Brent Thill has downgraded Procore Technologies (NYSE:PCOR) from Buy to Hold and lowered the price target from $90 to $55.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:20 am

BYDDF

TSLA

Warren Buffett-backed Chinese automaker BYD Co Ltd is set to surpass Tesla Inc. in quarterly electric vehicle (EV) sales. BYD's October sales figures showed a 60% YoY growth in battery-electric vehicles (BEVs), bringing it close to Tesla's sales. Wall Street estimates suggest that BYD will outpace Tesla in Q4, shipping about 490,000 BEVs against Tesla’s projected 475,000. However, Tesla is expected to maintain its lead for the full year.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 9:17 am

BTCUSD

ETHUSD

Ether futures premiums are now matching Bitcoin futures on the Chicago Mercantile Exchange (CME), indicating a significant shift in crypto market sentiment. Analysts from K33 Research suggest that the negative outlook on Ethereum has faded and traders are less likely to hedge Bitcoin exposure with Ether. The derivatives markets are reflecting a more optimistic outlook following Bitcoin’s latest 4% price rally. However, there is no strong evidence of a consistent rise in spot volumes.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 9:16 am

VGK

The Eurozone Manufacturing Purchasing Managers' Index (PMI) for October was reported at 43.1, lower than the estimated 43.4.

Portfolio Pulse from Charles Gross

November 02, 2023 | 9:05 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for October is reported at 43.1, slightly above the estimated 43.0 but below the prior figure of 43.4.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:04 am

VGK

The Manufacturing Purchasing Managers' Index (PMI) for the Eurozone in October was reported at 43.1, significantly higher than the estimated 3.4.

Portfolio Pulse from Charles Gross

November 02, 2023 | 9:03 am

AAPL

COP

KHC

LLY

SBUX

YUM

US stocks closed higher on Wednesday after the Federal Reserve maintained interest rates. The Kraft Heinz Company and Yum! Brands, Inc. reported positive Q3 results. However, the CNN Money Fear and Greed index remained in the 'Fear' zone, indicating market uncertainty. Investors are awaiting earnings results from Starbucks Corporation, ConocoPhillips, Apple Inc., and Eli Lilly and Company.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 9:01 am

AAPL

GOOG

GOOGL

SSNLF

US smartphone shipments fell 19% YoY in Q3 2023, marking the fourth consecutive quarter of decline. Major smartphone manufacturers Apple Inc. (AAPL), Samsung Electronics Co Ltd. (SSNLF), and Alphabet Inc.'s Google (GOOG, GOOGL) reported double-digit declines in shipments. Apple's iPhone shipments fell 11%, Samsung's fell 26%, and Google's fell 37%. Despite the decline, Apple's market share increased to 55% from 50% YoY due to a lesser fall compared to its rivals.

Portfolio Pulse from Rounak Jain

November 02, 2023 | 8:58 am

EWG

Germany's Manufacturing Purchasing Managers Index (PMI) for October was reported at 40.8, slightly above the estimated 40.7 and significantly higher than the previous month's 39.6.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:55 am

EWQ

The France Manufacturing Purchasing Managers Index (PMI) for October is reported at 42.8, slightly above the estimated 42.6 but lower than the prior figure of 44.2.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:51 am