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KNSL

Kinsale Capital's shares are trading lower following the release of the company's mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 4:38 pm

SWI

SolarWinds Corp (NYSE:SWI) is reportedly exploring options for a potential sale, causing its stock to trade higher. The software provider, controlled by Silver Lake Management and Thoma Bravo, is expected to kick off the sale process in early 2024. In Q2 FY23, SolarWinds reported a 5% YoY revenue growth to $185 million, beating the consensus of $179.5 million. The company expects FY23 revenue to be $740 million - $748 million.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 4:34 pm

MO

A significant bearish stance has been taken on Altria Group (NYSE:MO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Altria Group over the last 3 months is $25.0 to $42.5. Citigroup, Jefferies, and UBS have maintained their Neutral, Buy, and Sell ratings on Altria Group respectively.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 4:32 pm

VALE

A significant bullish stance on Vale (NYSE:VALE) has been observed, with 11 unusual options trades spotted. The sentiment of these trades is 100% bullish. Out of the options, 10 are puts amounting to $560,732, and 1 is a call amounting to $57,200. The targeted price range for Vale over the last 3 months is from $11.0 to $14.0. The price of VALE is up 1.38% at $13.21, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 4:32 pm

GNTX

Gentex Corporation reported Q3 FY23 sales growth of 17% YoY to $575.85 million, beating the analyst consensus. However, the company's CEO warned of a potential Q4 downturn due to UAW strikes. The company's shares fell by 6.16% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 4:32 pm

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher by 3.35% to $96.81 during Friday's session, possibly in sympathy with Intel Corporation's better-than-expected Q4 results and strong guidance. Intel's success could signal a well-performing semiconductor market, potentially benefiting other companies in the industry, including AMD. This could lead to speculation that AMD may also report strong results or gain market share, driving its stock price higher.

Portfolio Pulse from Henry Khederian

October 27, 2023 | 4:31 pm

AAPL

Huawei Technologies has seen a resurgence in the Chinese smartphone market, putting pressure on Apple Inc. (NASDAQ: AAPL). Huawei's smartphone sales in China increased by 37% year on year, capturing a market share of 12.9%. The company's recent release of a smartphone equipped with a cutting-edge chip has been a game-changer. Analysts speculate that if Huawei integrates its new chip into mid-range smartphones, it could further disrupt the market dynamics. Despite Huawei's success, the overall smartphone market in China witnessed a 14% decline in shipments in 2022.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 4:31 pm

SQ

Block, Inc. (NYSE:SQ) shares have fallen nearly 10% in the last five days due to fears of U.S. payment companies following suit after French payment processing company Worldline slashed its guidance. Macroeconomic pressures including inflation and rising interest rates are also affecting consumer spending. Block is set to report its Q3 financial results on Nov. 2. More than 12 million shares have been traded in Friday's session, compared to the stock's 100-day average of 11.077 million shares.

Portfolio Pulse from Erica Kollmann

October 27, 2023 | 4:30 pm

CAT

Kevin Simpson, a well-known investor, has increased his stake in Caterpillar Inc. The news was reported on CNBC.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 4:30 pm

ZYXI

Zynex, a medical technology company, reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 4:23 pm