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FIBK

First Interstate BancSystem reported better-than-expected Q3 earnings per share (EPS) results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:59 pm

HAS

Hasbro reported worse-than-expected Q3 financial results and anticipates a revenue decline in FY23. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:58 pm

ATEC

Alphatec Holdings Inc (NASDAQ:ATEC) shares are trading lower by 2.9% after the company announced pricing of a public offering of 14.3 million common stock shares at $10.50 per share. The offering is expected to close on October 27. The company expects to generate approximately $150 million in gross proceeds from the offering.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 2:58 pm

AAPL

AMZN

META

MSFT

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, AMZN, and TSLA. The memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks for potential breakouts or reversals. The memo also mentions Amazon's post-bell earnings report and the jobless claims and PCE data.

Portfolio Pulse from RIPS

October 26, 2023 | 2:57 pm

BTCUSD

DOGEUSD

Dogecoin (CRYPTO: DOGE) is experiencing a rally, driven by broader optimism in the crypto market and a recent surge in Bitcoin (CRYPTO: BTC) prices. Major financial firms, including Blackrock and JPMorgan, have amended ETF applications in anticipation of a potential spot Bitcoin ETF. Dogecoin's price has increased by over 23% in the last week and nearly 8% in the last 24 hours. The coin remains popular among retail traders and is trending on Stocktwits.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 2:57 pm

NOC

Northrop Grumman Corp (NYSE:NOC) reported Q3 FY23 sales growth of 9% YoY to $9.78 billion, beating the consensus of $9.58 billion. EPS was $6.18, up from $5.89 in Q3 FY22. The company raised its 2023 sales guidance to $39 billion, up from the previous estimate of $38.4 billion-$38.8 billion. Despite the positive report, NOC shares traded lower by 0.61% at $486.21.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 2:57 pm

PYPL

UPS

United Parcel Service Inc (UPS) reported a Q3 fiscal 2023 revenue decline of 12.8% YoY to $21.06 billion, missing the consensus of $21.45 billion. Adjusted EPS was $1.57, down from $2.99 in 3Q22, beating the consensus of $1.52. The company lowered its FY23 consolidated revenue and adjusted operating margin targets due to global macroeconomic uncertainty. UPS also bought Happy Returns from PayPal (PYPL) for an undisclosed price.

Portfolio Pulse from Akanksha Bakshi

October 26, 2023 | 2:56 pm

SONN

Sonnet BioTherapeutics Holdings, Inc. (NASDAQ:SONN) shares are trading lower by 8.5% following the announcement of a public offering involving 2,843,750 shares of common stock or pre-funded warrants, and investor warrants for up to 5,687,500 shares of common stock. The offering, priced at $1.60 per share, is expected to generate approximately $4.55 million in gross proceeds before expenses. The funds raised will be used for research and development, including clinical trials, and for general corporate purposes.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 2:55 pm

MRK

MRNA

Merck & Company's Q3 sales reached $15.962 billion, up 7% Y/Y, beating the consensus of $15.320 billion. The growth was driven by sustained growth in Oncology and Vaccines. The company's adjusted EPS came in at $2.13, surpassing the consensus of $1.95. Merck has revised its FY23 revenue guidance to $59.7 billion-$60.2 billion versus the consensus of $55.98 billion. The company's shares are up 2.76% at $106.49.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 2:55 pm

MSFT

Microsoft Corp's shares are trading lower by 2.1% following better-than-expected Q1 EPS and sales results. The weakness may be due to overall tech sector weakness after Meta Platforms Inc reported Q3 financial results and issued guidance. Microsoft competes with Meta in the digital advertising space, and any signs of Meta's struggles or challenges can be interpreted as a competitive advantage for Microsoft, but also as a sign of overall market weakness.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 2:54 pm