Streetbeat News

Stock Prices

BSGM

BioSig Technologies has been awarded several new utility patents by the U.S. Patent and Trademark Office. These patents cover the company's PURE EP digital signal processing technology. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:56 pm

BUD

Despite Bud Light's failed attempt to revive its brand, parent company AB InBev (NYSE:BUD) saw its stock rise by 5.26% following mixed earnings. The company also reaffirmed its guidance and announced a buyback. Portfolio Armor, who had bet against BUD, is now reviewing its process and adding a new metric, Chartmill’s Valuation Rating, to better assess future trades.

Portfolio Pulse from David Pinsen

November 01, 2023 | 4:55 pm

JOET

NKE

ULTA

Virtus Terranova U.S. Quality Momentum ETF (JOET) has sold its holdings in Nike (NKE) and Ulta Beauty (ULTA) during its recent ETF rebalance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:55 pm

YUM

Yum! Brands Inc reported Q3 FY23 sales growth of 4% YoY to $1.708 billion, missing the analyst consensus estimate of $1.774 billion. Same-store sales grew 6%, with KFC Division increasing 6%, Taco Bell climbing 8%, and Pizza Hut growing 1%. Digital sales exceeded $7 billion, with the digital mix exceeding 45%. The company added 1,130 gross units during the quarter. Adjusted EPS of $1.44 beat the consensus estimate of $1.28. YUM shares are trading lower by 0.55% at $120.20.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 4:53 pm

DVN

Devon Energy Inc.'s (NYSE:DVN) share price is currently at $46.43, after a 0.30% drop. Despite a 7.13% increase over the past month, the stock fell by 34.34% over the past year. The company's P/E ratio is lower than the aggregate P/E of 8.84 of the Oil, Gas & Consumable Fuels industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:45 pm

AVNS

Avanos Medical's shares are trading higher after the company reported better-than-expected Q3 results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:44 pm

VNO

Piper Sandler analyst Alexander Goldfarb maintains an Underweight rating on Vornado Realty (NYSE:VNO) and has lowered the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:44 pm

ACU

Trading of Acme United Corporation (ACU) shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:42 pm

CLLS

IRIX

PATI

PAYC

TGTX

WE

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Information technology shares jumped by 1.3%. Cellectis S.A. (CLLS) shares shot up 148% after reporting strategic collaboration and investment agreements with AstraZeneca. Patriot Transportation Holding, Inc. (PATI) shares shot up 104% after announcing an agreement for United Petroleum Transports to acquire all of its outstanding shares. TG Therapeutics, Inc. (TGTX) shares were up 29% following third-quarter results. WeWork Inc. (WE) shares dropped 52% following reports of nearing bankruptcy. IRIDEX Corporation (IRIX) shares were down 43% after withdrawing its previously announced annual guidance for 2023. Paycom Software, Inc. (PAYC) shares fell 38% after reporting worse-than-expected third-quarter sales results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 4:38 pm

CNDT

Conduent Inc's Q3 FY23 results show a 4.6% Y/Y decline in revenues to $932 million, beating the analyst consensus of $915 million. Adjusted EBITDA fell 12.4% Y/Y to $92 million, and adjusted EPS loss of $(0.09) missed the street view of $0.02. The company also reported a new business TCV pipeline increase of 13% Q/Q. In Q3 2023, Conduent transferred its BenefitWallet HSA portfolio, expecting a pre-tax gain of around $425 million in H1 2024. The company revised its FY23 adjusted revenue guidance to $3.70 billion-$3.72 billion. CNDT shares are down 15.2% to $2.70.

Portfolio Pulse from Lekha Gupta

November 01, 2023 | 4:32 pm