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The stock market has just finished a three consecutive month losing streak, the longest since the pandemic. However, historical data shows that the stock market usually goes up in November after a three-month losing streak. The U.S. Department of the Treasury is offering $112 billion of Treasury securities, which is better than expectations and is bringing in buyers in the stock market. Employment Change data from Automatic Data Processing Inc indicates a strong jobs picture. WeWork Inc is filing for bankruptcy. Advanced Micro Devices, Inc. reported worse than expected earnings, but investors are buying the stock due to excitement about its AI chip. Microsoft Corp is selling its AI Copilot to enterprises, which is exciting investors. Money flows are positive in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, and Tesla Inc, but negative in NVIDIA Corp. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

November 01, 2023 | 4:13 pm

XPOF

Bank of America Securities has downgraded Xponential Fitness from 'Buy' to 'Neutral' and reduced its price target from $35 to $16. This has led to a decrease in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:13 pm

CHEF

The Chefs' Warehouse shares are trading higher after the company reported a Q3 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:12 pm

NMRK

Newmark Group's shares are trading higher following the company's better-than-expected Q3 results and strong guidance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:10 pm

CSCO

SPLK

Splunk Inc plans to cut 7% of its global workforce, mainly in the U.S., under a new restructuring plan. The company expects to incur approximately $42 million in charges related to the restructuring. The plan is expected to be completed by April 30, 2024. Cisco Systems, Inc agreed to acquire Splunk for $157 per share in cash, a deal expected to close by the end of the third quarter 2024. Splunk's shares traded lower by 0.27% at $146.77 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 4:10 pm

FDP

Fresh Del Monte Produce's shares are trading lower following the company's Q3 results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:09 pm

CNDT

Conduent reported mixed Q3 results and lowered the upper end of its FY23 revenue guidance range, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:08 pm

BALY

Bally's Corporation reported disappointing Q3 results and reduced its FY23 revenue guidance, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:06 pm

ASTE

Astec Industries reported worse-than-expected Q3 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:04 pm

LUMN

Lumen Technologies reported mixed Q3 results and announced an agreement with creditors. This news led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:03 pm