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EWQ

France's preliminary Gross Domestic Product (GDP) for Q3 has come in at 0.1%, matching estimates but showing a decrease from the revised 0.6% of the prior quarter.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:32 am

CAT

Caterpillar Inc. (NYSE:CAT) is expected to report higher Q3 earnings at $4.79 per share, up from $3.95 per share a year ago. The company's revenue is projected to be $16.59 billion, compared to $14.99 billion in the year-ago period. Several analysts have recently updated their price targets for Caterpillar, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:19 am

AMD

CAT

HUN

MCD

PFE

WDC

The CNN Money Fear and Greed index showed easing in the overall fear level, indicating a positive sentiment in the market. The Dow Jones recorded its best session since June 2, ahead of the Federal Reserve’s interest rate decision and jobs report. Western Digital Corp and McDonald's Corp reported positive earnings, while investors are awaiting earnings results from Advanced Micro Devices, Pfizer, Huntsman Corporation, and Caterpillar.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:16 am

AMD

CAT

FMC

PFE

WDC

Caterpillar Inc., FMC Corporation, Advanced Micro Devices, Western Digital Corp, and Pfizer Inc. are the stocks to watch heading into Tuesday. Caterpillar is expected to report quarterly earnings of $4.79 per share on revenue of $16.59 billion. FMC reported weaker-than-expected Q3 results but reaffirmed its full-year forecast. AMD is expected to earn 68 cents per share on revenue of $5.70 billion for the latest quarter. Western Digital reported upbeat Q1 results and announced a plan to separate its HDD and Flash businesses but also reported a proposed $1.3 billion convertible notes offering. Pfizer is expected to report a quarterly loss at 34 cents per share on revenue of $13.34 billion.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:16 am

DOGEUSD

SHIBUSD

SOLUSD

Solana-based meme coin BONK has outperformed Dogecoin and Shiba Inu in the last 24 hours. BONK, launched on December 25, 2022, appreciated by over 3,300% to a peak of $0.00000487 in January 2023. Currently, BONK is trading at $0.0000006757, while DOGE and SHIB are up 0.25% and 0.10% respectively. Amidst the rally fueled by the Bitcoin ETF, BONK has emerged as the top meme coin performer today, generating a trading volume of over $20.5 million.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 6:10 am

PCRFY

TSLA

Tesla's stock continues to lag behind the broader market recovery, sliding below the $200 mark. Bearish analyst Gordon Johnson from GLJ Research predicts the stock could fall to his price target of $24.33. Johnson also noted that the revamped Model 3, named Project Highland, is not selling well. Tesla's CEO Elon Musk has also raised investor concerns by suggesting macroeconomic factors are impacting the company's fundamentals. Other factors affecting Tesla's stock include On Semiconductor's guidance miss and Panasonic's cut in domestic battery production due to weak demand for Tesla Model S and X EVs.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 5:55 am

BTC-USD

Bitcoin's bullish surge continues into its third week, with the cryptocurrency hovering around the $35,000 mark. Factors such as the positioning in the Bitcoin options market and the Bitcoin daily chart suggest a potential continuation of the bull move. Recent developments include the confluence of Bitcoin's options data with the potential for further price surges, indicating a shift in investor positioning. Traders are also observing the bull pennant pattern and the potential price breakthrough of the $36,300 level.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 5:28 am

FXI

China's Non-Manufacturing Purchasing Managers Index (PMI) for October was reported at 50.6, lower than the estimated 51.8 and the prior figure of 51.7.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:59 am

FXI

China's Manufacturing Purchasing Managers Index (PMI) for October has been reported at 49.5, lower than the estimated 50.2 and the prior figure of 50.2.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:58 am

FXI

China's Composite Purchasing Managers' Index (PMI) for October has been reported at 50.7, a decrease from the previous figure of 52.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:58 am