Streetbeat News

Stock Prices

ABBV

Abbvie's shares are trading lower after the company released its Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:35 pm

AAPL

AMZN

GOOGL

MSFT

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, AMZN, TSLA, and GOOGL. The memo provides detailed analysis of potential price movements for each asset, based on a proprietary formula that takes into account price, volume, and options flow. The memo also highlights the importance of monitoring market volatility due to the premarket release of the PCE data and the nearing end-of-month flows.

Portfolio Pulse from RIPS

October 27, 2023 | 2:33 pm

AAPL

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Apple Inc. (NASDAQ:AAPL) with a price target of $171. Kumar reduced estimates on Apple's December quarter guide ahead of earnings next week due to a tough global phone environment, initial weakness for iPhones in China, and slightly challenging compares for Mac and iPad. The analyst expects India to gain 3%-4% while China declines 5%-6%. The analyst also raised the FY25 EPS estimate to $6.88 from $6.77.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 2:32 pm

EQNR

Equinor ASA (NYSE:EQNR) reported a 41% Y/Y decline in Q3 FY23 adjusted revenue to $25.74 billion. Liquids production rose 12% Y/Y, but gas equity production fell 13% Y/Y due to maintenance and unplanned turnaround extensions. Adjusted earnings declined 67% Y/Y to $8.024 billion. The company completed the third tranche of the share buyback program for 2023 with a total value of up to $1.67 billion and initiated a fourth and final tranche of the same value. EQNR shares are trading higher by 1.91% at $33.59.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 2:31 pm

BIO

Bio-Rad Laboratories Inc (NYSE:BIO) has lowered its annual revenue growth forecast due to the uncertain recovery pace of the biopharma sector and ongoing macro challenges. The company reported Q3 sales of $632.1 million, missing the consensus of $689.57 million. Adjusted EPS was $2.33, down from $2.64 a year ago and below the consensus of $2.78. The company expects FY23 adjusted revenue growth between 0% and 0.5% on a currency-neutral basis, compared with a previously expected growth of 4.5%.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 2:21 pm

CVX

Chevron's shares are trading lower following the company's Q3 earnings report, which revealed worse-than-expected adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:18 pm

A large investor has taken a bullish stance on Mastercard (NYSE:MA), with 19 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $270.0 to $460.0 for Mastercard over the last 3 months. Barclays, Keybanc, JP Morgan, and Raymond James maintain their Overweight rating on Mastercard with price targets of $479, $440, $496, and $452 respectively, while HSBC downgraded its action to Hold with a price target of $424.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:16 pm

HSY

Unusual options activity has been observed for Hershey (NYSE:HSY), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 90% bearish. The targeted price range for Hershey over the last 3 months is from $125.0 to $190.0. Analysts from Morgan Stanley, TD Cowen, B of A Securities, Stephens & Co., and Barclays have provided their ratings and price targets for Hershey.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:16 pm

AutoNation Inc reported Q3 FY23 sales growth of 3% Y/Y to $6.89 billion, beating the analyst consensus of $6.71 billion. New vehicle retail unit sales increased 12% Y/Y, while used vehicle retail unit sales declined 4% Y/Y. Gross profit declined 1% Y/Y to $1.295 billion. Adjusted net income declined 27% Y/Y to $243.7 million. AutoNation repurchased 1.3 million shares of common stock for $200 million in Q3. AN shares are trading lower by 0.21% at $130.15.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 2:07 pm

CSIQ

ENPH

FSLR

RUN

SEDG

SPWR

Solar stocks are trading lower following Enphase's weak guidance. This includes CSIQ, FSLR, RUN, SEDG, SPWR.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:03 pm