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AMD

PAYC

QQQ

SPY

WE

YUMC

Ahead of the Federal Reserve's rate decision, index futures are pulling back due to negative earnings reports from companies like Advanced Micro Devices, Inc. (AMD) and Yum China Holdings, Inc. (YUMC). The Nasdaq Composite, S&P 500, and the Dow Industrials have recorded three straight monthly losses. However, analyst Ryan Detrick predicts that November could bring positive news for the market. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell. Several companies, including Paycom Software, Inc. (PAYC) and WeWork Inc. (WE), saw significant drops in their stock prices.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 11:32 am

SLCA

U.S. Silica has announced price increases on its industrial and specialty products. The price increase is due to rising costs in production, labor, and logistics.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:30 am

APRN

EXTO

FTLF

TWNK

The article lists four overbought stocks in the consumer staples sector that may crash this quarter. These include FitLife Brands, Almacenes Éxito, Blue Apron Holdings, and Hostess Brands. FitLife Brands recently acquired MusclePharm's assets, Almacenes Éxito's stock jumped over 25% in the past month, Blue Apron is set to be acquired by Wonder Group, and Hostess Brands is being acquired by J. M. Smucker.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:28 am

BALY

Bally's has lowered its FY23 revenue guidance from the previously stated $2.5B - $2.6B to $2.4B - $2.5B, which is below the estimated $2.5B.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:27 am

SLAB

Silicon Labs has reported that the current demand environment remains weak and end market visibility continues to be challenging.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:26 am

BLDR

Builders FirstSource has revised its 2023 net sales outlook from $16.8B-$17.8B to $16.8B-$17.1B, indicating a potential decrease in expected revenue.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:22 am

AVNS

Avanos Medical has provided its FY23 revenue guidance, expecting it to be between $675M-$685M, which is in line with the $680.63M estimate. The company also expects its FY23 adjusted EPS to be between $1.05-$1.15, which is also in line with the $1.09 estimate. The outlook remains unchanged from the prior forecast.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:21 am

EXFY

GLGI

RCG

Insiders have recently bought shares in Expensify, Inc (EXFY), Greystone Logistics, Inc. (GLGI), and RENN Fund, Inc. (RCG). SF Roofdeck GP, a 10% owner of EXFY, acquired 168,894 shares at an average price of $2.48. Drew T Lockard, a director at GLGI, acquired 12,000 shares at an average price of $1.03. RCG's President and CEO, Murray Stahl, acquired 413 shares at an average price of $1.73.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:19 am

DTE

DTE Energy has revised its FY23 operating EPS guidance from $6.09-$6.40 to $5.65-$5.85, lower than the $6.2 consensus. The revision is due to additional headwinds from storms and cooler weather experienced in Q3. The company plans to offset the majority of these headwinds in 2023.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:18 am

IQV

IQVIA has forecasted its Q4 FY23 revenue to be between $3.769B and $3.804B, which is lower than the consensus estimate of $3.96B.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 11:15 am