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BYDDY

LI

NIO

TSLA

XPEV

BYD Company Limited reported its highest ever quarterly profit for Q3, outperforming Tesla Inc. Li Auto, XPeng, and Nio also recorded delivery records in October. Li Auto aims to become the top-selling luxury brand in China, with sales rising 664% YoY in August. XPeng, backed by Volkswagen, delivered a record 20,002 units in October, a 292% YoY growth. Nio reported a 59.8% YoY growth in October deliveries.

Portfolio Pulse from Upwallstreet

November 01, 2023 | 4:26 pm

GOOS

Canada Goose has lowered its financial outlook for FY24, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:25 pm

SHEL

Shell Plc (NYSE:SHEL) is reportedly planning to sell its Pakistan unit to Saudi firm Wafi Energy, a part of Asyad Holding Group. The decision aligns with Shell's June announcement to exit its 77% stake in Pakistan. The transaction is expected to be completed by Q4 2024. Shell Pakistan's operations include over 600 mobility sites, 10 fuel terminals, a lubricant oil blending plant, and a 26% stake in Pak-Arab Pipeline Company Limited.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 4:24 pm

HUM

Humana Inc reported Q3 adjusted EPS of $7.78, beating the consensus of $7.16, and revenue of $26.42 billion, up from $22.78 billion a year ago. However, the company's profits fell 30% to $830 million. Despite a strong quarter, shares fell due to disappointment that Humana did not increase its full-year guide. The company's caution relates to elevated demand for non-urgent surgeries that may constrain Q4 results. Humana reaffirms adjusted EPS guidance of at least $28.25 versus the consensus of $28.3.

Portfolio Pulse from Vandana Singh

November 01, 2023 | 4:24 pm

SXC

SunCoke Energy has lowered its FY23 net income guidance, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:23 pm

BA

SPR

Spirit AeroSystems reported Q3 FY23 revenue growth of 13% YoY to $1.44 billion, missing consensus of $1.462 billion. The increase is due to higher production deliveries on most Commercial programs and higher Defense and Space and Aftermarket revenue. Q3 Adjusted EPS loss expanded to $(1.42) from $(0.15) a year ago, beating the consensus loss of $(1.54). The company recently appointed Pat Shanahan as interim President and CEO. Spirit AeroSystems sees cash used in operations of $(150) million-$(200) million, and free cash flow to be a usage of $(275) million-$(325) million. SPR shares are trading higher by 6.17% at $24.00.

Portfolio Pulse from Akanksha Bakshi

November 01, 2023 | 4:15 pm

CARR

Carrier Global Inc.'s (NYSE:CARR) share price is currently at $48.08, after a 0.88% increase. Over the past month, the stock fell by 10.14%, but it spiked by 24.64% in the past year. The company's P/E ratio of 33.8 is higher than the Building Products industry average of 32.01, which could indicate that the stock is overvalued or that it might perform better than its industry group.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:15 pm

ADP

AMD

MSFT

SPY

WE

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