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PI

Impinj reported better-than-expected Q3 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:56 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) reported Q3 FY23 sales growth of 4.3% YoY to $3.41 billion, missing the consensus of $3.47 billion. EPS of $2.33 beat the Wall Street view of $2.29. The company lowered its FY23 outlook, expecting adjusted EPS of $10.00-$10.10 versus the $10.22 estimate and revenue of $14.5 billion-$14.6 billion versus the $14.82 billion estimate. TSCO shares are trading lower by 5.68%.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 1:55 pm

INTC

Intel Corporation (NASDAQ:INTC) is set to release its Q3 financial results on Oct. 26, 2023. Analysts predict a decrease in earnings and revenue compared to the previous year. The company's shares fell 5.1% to close at $32.83 on Wednesday. Several analysts have recently revised their ratings and price targets for Intel, with varying levels of accuracy.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 1:49 pm

SLB

Unusual options activity has been observed for Schlumberger Limited (NYSE:SLB), with a bearish stance taken by a large investor. The overall sentiment among big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $50.0 to $70.0 for SLB over the last 3 months. The price of SLB is currently down -0.46% at $56.36. Several financial institutions have maintained their positive ratings on SLB, with price targets ranging from $68 to $81.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 1:46 pm

NVDA

A significant investor has taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 52% of the investors opening trades with bullish expectations and 47% with bearish. The total amount for puts is $2,028,585 and for calls is $1,140,672. Whales have been targeting a price range from $400.0 to $450.0 for NVIDIA over the last 3 months. The current price of NVDA is down -0.3% at $416.55.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 1:46 pm

ABVC

BETS

BMY

PXMD

SFR

SILC

SNOA

US stocks traded mixed with the Dow up 0.10%, NASDAQ down 0.24%, and S&P 500 down 0.13%. Bristol Myers Squibb reported better-than-expected Q3 earnings with revenues of $10.966 billion, beating the consensus of $10.965 billion. ABVC BioPharma shares rose 220% after licensing global rights of CNS drugs to AiBtl BioPharma. PaxMedica shares rose 82% after completing a type-B meeting with the FDA. Appreciate Holdings shares rose 45% after receiving a notice from Nasdaq regarding delisting. Bit Brother shares dropped 70% after pricing a $5.04 million registered direct offering. Sonoma Pharmaceuticals shares were down 51% after pricing a $1.7 million public offering. Silicom shares fell 29% after issuing a weak sales forecast for Q4.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 1:44 pm

BABA

JD

LNGGF

LNGGY

Chinese sportswear maker Li Ning Co Ltd (OTC:LNGGY) (OTC:LNGGF) saw its shares plunge by over 20% after it announced missing Q3 sales expectations. The company reported a decline in point-of-sale distributors and same store sales. Investment bank Nomura lowered its price target for Li Ning due to high inventory levels and expected slowdown in profit growth. Li Ning's performance is seen as a proxy for the health of the Chinese retail market.

Portfolio Pulse from Daniel Harrison

October 26, 2023 | 1:43 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) is set to report its Q3 earnings after market hours on Thursday. Analysts will be closely watching the impact of the company's aggressive pricing on demand and the effect of upcoming student loan repayments on its target consumer. The stock is currently trading at a P/E of over 40, with the sector median at close to 13 P/E. CMG makes up more than 18.8% of Pershing Square Capital Management’s portfolio. Wall Street analysts expect CMG to report $10.56 in EPS for the quarter and $2.47BN in revenue.

Portfolio Pulse from Surbhi Jain

October 26, 2023 | 1:37 pm

HAS

Hasbro Inc reported a 10% YoY decline in Q3 FY23 sales to $1.503 billion, missing the analyst consensus estimate of $1.644 billion. The company's Consumer Products segment fell 18%, while the Entertainment segment plunged 42%. Hasbro incurred an operating loss of $169.5 million, compared to an operating income of $194.3 million a year earlier. The company's shares are trading lower by 11% at $48.52.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 1:37 pm

MA

Mastercard reported its Q3 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:35 pm