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XOM

Exxon Mobil Corporation (NYSE:XOM) is set to release its Q3 financial results on Oct. 27, 2023. Analysts predict a sharp decline in earnings per share and revenue compared to the same period last year. The company's shares fell 0.9% to close at $107.60 on Thursday. Several analysts have recently adjusted their price targets for the company, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 7:06 am

CVX

MAT

META

PSX

The CNN Money Fear and Greed index showed an increase in investor fear, with U.S. stocks closing lower on Thursday. Meta Platforms and Mattel reported their Q3 results, with Meta outperforming expectations and Mattel's shares falling 7.6%. The U.S. economy grew 4.9% in Q3, higher than expected. Investors are awaiting earnings results from Chevron Corporation, Phillips 66, and AutoNation.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 6:51 am

SOI

Solaris Oilfield Infra (NYSE:SOI) reported Q3 adjusted earnings of $0.19 per share, missing the analyst consensus estimate of $0.22 by 13.64%. This is a 20.83% decrease from the same period last year. The company also reported quarterly sales of $69.68 million, missing the analyst consensus estimate of $77.25 million by 9.80%. This is a 24.53% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:45 am

PSX

Phillips 66 (NYSE:PSX) is expected to report lower Q3 earnings with an estimate of $4.76 per share, down from $6.46 per share a year ago. The company's revenue is projected to be $38.96 billion, compared to $48.76 billion in the same period last year. Analysts from Raymond James, Piper Sandler, B of A Securities, Wells Fargo, and Goldman Sachs have recently revised their price targets for PSX.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 6:38 am

AMZN

CVX

INTC

PSX

Phillips 66, Amazon, Chevron, Ford, and Intel are the stocks to watch heading into Friday. Phillips 66 is expected to report quarterly earnings of $4.76 per share on revenue of $38.96 billion. Amazon reported stronger-than-expected Q3 results and projected Q4 revenue between $160 billion and $167 billion. Chevron is expected to report earnings of $3.70 per share on revenue of $51.41 billion. Ford posted weaker-than-expected Q3 earnings, but its electric vehicle segment reported a 44% YoY surge in wholesale unit sales. Intel reported better-than-expected Q3 results and issued strong guidance for the current quarter.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 6:17 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has raised the prices of certain Model Y variants in the US and China, a move that has been met with optimism by investors. The price of the Model Y dual-motor, all-wheel-drive, Long Range variant in the U.S. is now at $48,990, a $500 increase. In China, the price of the high-end, dual motor, all-wheel-drive, performance variant is 363,900 yuan ($49,738), up from the previous pricing of 349,900 yuan ($47,825). This comes after Tesla's core auto gross margin has been on a declining trend due to price cuts since January 2023.

Portfolio Pulse from Shanthi Rexaline

October 27, 2023 | 5:48 am

LCID

Lucid Group Inc (NASDAQ:LCID) is recalling over 1,000 Lucid Air sedans due to risks of rear seats overheating and causing burn injuries. The company has delivered 1,457 EVs in Q3 and produced 6,037 units year-to-date. The stock has slumped 34% year-to-date.

Portfolio Pulse from Anan Ashraf

October 27, 2023 | 5:44 am

EWA

Australia's Producer Price Index (PPI) for Q3 has been reported at 1.8%, significantly higher than the estimated 0.7% and the previous quarter's 0.5%.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:06 am

EWA

Australia's Producer Price Index (PPI) for Q3 has been reported at 3.8%, slightly lower than the previous quarter's 3.9%.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:06 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (YoY) for October has been reported at 2.7%, higher than the estimated 2.5% and the prior 2.5%.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 5:05 am