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ETN

Eaton Corporation PLC (NYSE:ETN) reported a 10.7% YoY net sales gain in Q3 FY23, reaching $5.88 billion, slightly missing the consensus of $5.89 billion. Adjusted EPS improved 22% YoY to $2.47, beating the consensus of $2.34. The company reported strong growth in the Electrical and Aerospace sectors, with backlogs up 15% and 22% respectively. Eaton raised its FY23 guidance, expecting an adjusted EPS of $8.95-$9.05 and organic revenue growth of 11-12%. ETN shares were trading higher by 4.16% at $206.13.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 4:52 pm

SOFI

SoFi Technologies' stock has been upgraded from Underweight to Equal-Weight by Morgan Stanley, which also announced a $7 price target. This has led to an increase in the trading of SoFi shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:50 pm

TREE

LendingTree's shares are trading higher following the company's announcement of better-than-expected Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:49 pm

DVN

A significant investor has taken a bullish stance on Devon Energy (NYSE:DVN), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $403,444 and for calls is $273,702. Whales have been targeting a price range from $47.0 to $55.0 for Devon Energy over the last 3 months. The price of DVN is down -0.11% at $46.12. Next earnings are expected to be released in 7 days.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:46 pm

ABNB

A significant investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 63% of the investors opening trades with bearish expectations. The majority of the trades are puts, with a total amount of $1,792,964. Whales have been targeting a price range from $45.0 to $145.0 for Airbnb over the last 3 months. The price of ABNB is up 0.15% at $117.13, and RSI indicators suggest that the stock may be approaching oversold. Airbnb's next earnings are expected to be released in 1 day.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:45 pm

TSLA

The United Auto Workers union is reportedly targeting Tesla, Inc. for unionization. Tesla's Fremont plant, with approximately 20,000 workers, currently has a UAW organizing committee. Gene Munster of Deepwater Asset Management predicts that Tesla employees will likely reject the UAW and instead opt for a 20% pay raise. This comes at a time when Tesla's auto margin is decreasing due to price cuts implemented to boost sales growth.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 4:42 pm

CDIO

Cardio Diagnostics Holdings Inc. (NASDAQ:CDIO) announced that its AI-driven molecular heart disease test has received an Innovation Technology contract from Vizient, Inc. This contract will accelerate access to Cardio Diagnostics' novel heart disease tests. Following the announcement, CDIO shares traded higher with more than 103 million shares traded in the session, compared to the stock's 100-day average of less than 704 thousand shares.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 4:42 pm

CDIO

Cardio Diagnostics announced that its AI-driven molecular heart disease test has received an Innovation Technology contract from Vizient, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:39 pm

IGT

International Game Technology PLC (NYSE:IGT) reported flat Q3 FY23 revenue of $1.065 billion, beating the consensus of $1.029 billion. Revenue from Global Lottery declined by 4% Y/Y to $601 million, while Global Gaming rose 8% Y/Y to $409 million. Adjusted EBITDA rose 8% Y/Y to $433 million. The company declared a quarterly cash dividend of $0.20 per share. IGT expects Q4 revenue of $1.1 billion, with Global Lottery revenue up low-to-mid single-digits Y/Y. The company tightened the FY23 revenue outlook to $4.3 billion. IGT shares are trading lower by 4.58% at $25.21.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 4:39 pm

WDC

Western Digital Corp (NASDAQ:WDC) shares fell by 2.7% after the company announced a proposed $1.3 billion convertible notes offering. The notes, due in 2028, will be senior unsecured obligations guaranteed by Western Digital's subsidiaries. The company will pay the principal amount in cash and may pay the rest in cash, common stock, or a combination of both.

Portfolio Pulse from Henry Khederian

October 31, 2023 | 4:33 pm