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MTZ

MasTec Inc (MTZ) shares dropped by 21.3% after the company reported Q3 results and reduced its full year 2023 revenue and EPS outlook. The company's Q3 sales were $3.26 billion, falling short of the analyst consensus estimate of $3.76 billion by 13.4%. However, this still represents a 29.61% increase in sales compared to the same period last year. The company's 2023 revenue outlook was revised down from $12.7 billion-$13 billion to $12 billion, and its EPS guidance was lowered from $3.75-$4.19 to $1.75.

Portfolio Pulse from Henry Khederian

November 01, 2023 | 2:57 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) is set to report its Q3 earnings on Nov. 1. The company's revenues have been growing at a rate of over 20% YoY for the last three quarters, and this growth is expected to continue due to efforts in underpenetrated markets in Asia. Analysts expect Airbnb to report $1.96 in EPS and $3.18 billion in revenue for Q3. The stock is currently rated as a Hold by 43 analysts with an average price target of $141.84. The stock has fallen by 13% over the past month.

Portfolio Pulse from Surbhi Jain

November 01, 2023 | 2:55 pm

TRI

Thomson Reuters reported mixed Q3 financial results, issued guidance, and proposed a buyback of up to $1 billion of its shares. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:55 pm

MNPR

Monopar Therapeutics announced it will present data from its ongoing Phase 1b clinical trial of camsirubicin in patients with advanced soft tissue sarcoma at the CTOS Annual Meeting. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:54 pm

Toyota Motor Corporation reported its H1 results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:53 pm

ALDX

Aldeyra Therapeutics has entered into an exclusive options agreement with AbbVie, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:52 pm

CVX

DRIP

EIS

GUSH

LHX

LMT

MRO

NOC

OXY

RTX

XOM

The ongoing Israel-Hamas conflict has led to market reactions, with Iran calling for an oil embargo of Israel, causing U.S. crude futures to rise toward $83 a barrel. Stocks to watch include Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (GUSH), Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP), Marathon Oil Corporation (MRO), Exxon Mobil Corp (XOM), Chevron Corporation (CVX), and Occidental Petroleum Corporation (OXY). The iShares MSCI Israel ETF (EIS) had its most successful session of 2023. Defense stocks to watch include Lockheed Martin Corp (LMT), L3Harris Technologies Inc (LHX), General Dynamics Corp (GD), Northrop Grumman Corp (NOC), and RTX Corp (RTX).

Portfolio Pulse from Anthony Noto

November 01, 2023 | 2:47 pm

DIN

Dine Brands Global, Inc. (NYSE:DIN) reported a Q3 FY23 revenue decline of 13.1% YoY to $202.58 million, missing the consensus of $203.23 million. The decline was primarily due to the refranchising of 69 company-operated Applebee's units and negative same-restaurant sales growth at Applebee's. The company's adjusted EPS of $1.46 beat the analyst consensus of $1.31. The company's shares are trading lower by 5.31%.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2023 | 2:46 pm

WTTR

Select Water Solutions (NYSE:WTTR) has announced a quarterly dividend of 6 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 6 cents lower. Shareholders who own WTTR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on November 17, 2023.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:45 pm

CWBR

CohBar has announced the termination of its merger with Morphogenesis, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:45 pm