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CPRX

Trading of Catalyst Pharmaceuticals, Inc. shares is set to resume at 3:45 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:29 pm

VLO

Valero Energy Corp reported a Q3 FY23 revenue decline of 13.6% YoY to $38.404 billion, missing the consensus of $38.495 billion. However, EPS was $7.49, up from $7.14 a year ago, beating the consensus of $7.47. The company returned $2.2 billion to stockholders, with $1.8 billion used for the purchase of ~13 million shares of common stock. The Sustainable Aviation Fuel (SAF) project at the DGD Port Arthur plant remains on schedule and is expected to be completed in 2025.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 7:21 pm

FFWM

First Foundation shares are trading higher following the company's better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:20 pm

F

Ford Motor Company (NYSE:F) is set to release its Q3 financial results. Analysts expect an EPS of 45 cents on revenues of $41.22 billion. Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Ford and maintained a $16 price target. From a technical analysis standpoint, Ford’s stock looks headed lower following the earnings print, trading in a downtrend. The stock's performance after the earnings release is uncertain due to the inherent volatility of earnings season.

Portfolio Pulse from Melanie Schaffer

October 26, 2023 | 7:17 pm

APO

A whale investor has taken a bullish stance on Apollo Global Management (NYSE:APO), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $80.0 to $82.5 for Apollo Global Management over the last 3 months. The price of APO is currently at $81.4, with next earnings expected to be released in 6 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:16 pm

ULBI

Ultralife Corporation reported lower than expected Q3 revenue, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:14 pm

AFRM

MA

PYPL

SQ

V

Worldline's warning of a macroeconomic deterioration in core geographies like Germany has impacted the FinTech sector, causing key stocks like Affirm Holdings, Block, and PayPal Holdings to trade down. However, Mizuho analyst Dan Dolev views these concerns as overblown, especially for Affirm and Block which have limited exposure to Germany and Europe. Visa did not call out a recession in its initial FY24 guide, and its CEO mentioned resiliency in the EU. Affirm is trading ahead of the peer group due to its market leadership in BNPL and improving profitability prospects. Mastercard trades at a premium to Visa due to less exposure to debit and the U.S. market. PayPal trades at a discount to Visa and Mastercard due to recent challenges.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 7:11 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is set to release its Q3 financial results after the market close on Thursday. Analysts expect Amazon to report EPS of 58 cents on revenues of $141.44 billion. Seaport Global analyst Aaron Kessler has initiated a Buy rating on Amazon with a price target of $145. From a technical analysis standpoint, Amazon's stock looks bearish heading into the event, but is due for a short-term bounce.

Portfolio Pulse from Melanie Schaffer

October 26, 2023 | 7:09 pm

VALE

Shares of VALE S.A. have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:09 pm

F

GM

STLA

TSLA

Ford Motor Co has reached a tentative labor agreement with the United Auto Workers (UAW), increasing the top wage rate by over 30% to over $40 an hour. This could increase Ford's costs by more than $900 million in its first year. General Motors and Stellantis are still in negotiations with the UAW. The new labor agreement could impact Tesla Inc., which currently enjoys larger profit margins due to non-unionized workers. Tesla's stock is down more than 15% over the last month.

Portfolio Pulse from Erica Kollmann

October 26, 2023 | 7:09 pm