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GLCNF

Glencore PLC has reported a decrease in its own sourced copper, zinc, and nickel production for the nine months ended FY23. The company has also cut its FY23 nickel production outlook and Ferrochrome outlook. Despite these reductions, Glencore expects its full-year 2023 Adjusted EBIT outcome to be above the top end of its long-term guidance range. The company's shares traded higher by 1.87% at $5.45 on Friday.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 5:16 pm

NGG

National Grid Inc.'s (NYSE:NGG) stock price is currently at $59.83, after a 0.08% drop. However, the stock has increased by 3.96% over the past month and by 8.78% over the past year. The company's P/E ratio of 13.41 is lower than the Multi-Utilities industry average of 19.84, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:15 pm

BYDDY

NIO

TSLA

XPEV

Ford Motor (NYSE:F) reported Q3 profit of $1.2 billion, up from a loss of $827 million YoY, with revenue increasing 11% to $44 billion. However, its EV unit lost $1.3 billion, double the loss from the previous year. Ford also reached an agreement with the UAW, which will cost the company $8.1 billion in new plant investments and other economic costs. This has led Ford to withdraw its 2023 guidance and postpone $12 billion in EV investment. The company's position is further weakened against Tesla (NASDAQ:TSLA), which also faces challenges from Chinese competitors BYD (OTC:BYDDY), Xpeng (NYSE:XPEV), Li Auto (NASDAQ:LI), and Nio (NYSE:NIO).

Portfolio Pulse from Upwallstreet

October 30, 2023 | 5:11 pm

BABA

NTES

China's cyberspace regulator has penalized Alibaba's Quark platform and NetEase's livestream platform Netease CC for hosting and promoting vulgar content. Alibaba was fined 0.5 million yuan ($68,342.42), while Netease CC was instructed to suspend some types of dance content for seven days. This comes after Alibaba was penalized a record 18 billion yuan in 2021 for antitrust violations and a 7.12 billion yuan ($984 million) penalty was imposed on Ant Group in 2023.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 5:11 pm

CSCO

DDOG

GOOG

GOOGL

MSFT

SPLK

Wells Fargo analyst Andrew Nowinski downgraded Datadog Inc (DDOG) from Overweight to Equal-Weight and lowered the price target from $120 to $95. The downgrade is based on cost optimization trends, FY24 consensus revenue estimates not aligning with management's historical guidance trends, Datadog's potential to gain share following Cisco Systems' acquisition of Splunk Inc, and Datadog's new AI-based solutions. Nowinski projects Q3 revenue of $523 million vs. consensus $524.16 million and EPS of $0.34.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 5:09 pm

MAC

Macerich (NYSE:MAC) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a mixed trend in price changes post-earnings release. The stock was trading at $9.71 as of October 27, with a 52-week return of -17.15%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:02 pm

DEI

Douglas Emmett (NYSE:DEI) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a general negative trend in stock price changes post-earnings release. Over the last 52-week period, shares are down 36.98%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:02 pm

AUD

Audacy, Inc. (NYSE:AUD, OTC:AUDA) has announced that its appeal to prevent the delisting of its Class A Common Stock from the New York Stock Exchange (NYSE) was unsuccessful. The NYSE has filed a Form 25 with the SEC, which will make the delisting effective on or about November 10, 2023. The stock has not been traded on the NYSE since May due to 'abnormally low' price levels. The stock will continue to trade over the counter under the symbol 'AUDA'. The delisting has no impact on Audacy's business strategy or operations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:02 pm

ABEV

Ambev (NYSE:ABEV) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.04. The company's past performance shows a mixed trend of meeting or exceeding EPS estimates. The share price has seen minor fluctuations post-earnings announcements. The stock is currently trading at $2.44, down 20.75% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

APAM

Artisan Partners Asset (NYSE:APAM) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $32.23 and has seen an 11.74% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm