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ENPH

Piper Sandler analyst Kashy Harrison has downgraded Enphase Energy (NASDAQ:ENPH) from Overweight to Neutral and lowered the price target from $150 to $75.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 9:54 am

BETR

ENPH

IBRX

NWG

SEDG

SNY

Several major stocks including Enphase Energy, Sanofi, NatWest Group, SolarEdge Technologies, ImmunityBio, Better Home & Finance Holding Company, and Ford Motor Company are recording losses in today's pre-market trading session. This is due to various reasons such as lower third-quarter revenue, weak guidance for the fourth quarter, and weaker-than-expected earnings.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 9:52 am

AMZN

Under CEO Andy Jassy, Amazon Inc. (NASDAQ:AMZN) has seen its profit margins nearing record highs due to cost-cutting strategies. Jassy has eliminated 27,000 jobs, cut risky ventures, and transformed Amazon’s fulfillment network. Revenue from advertising services surged 26%, exceeding $12 billion. The third-quarter earnings report disclosed an operating margin of 7.8%, the highest since a record of 8.2% in Q1 2021. Despite a slowdown in AWS revenue growth, Amazon’s stock rose by over 5% to $125.98.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 9:44 am

TSLA

Tesla Inc. (NASDAQ:TSLA) remains the leading electric vehicle (EV) brand among U.S. fleet companies, with its vehicles making up nearly one-third of all EV fleet purchases over the past 13 months, according to a report by S&P Global. The Tesla Model 3 has been the most preferred EV model for fleet use, central to Tesla's ongoing deal with Hertz. Other brands like Chevrolet and Hyundai are also seeing increased fleet sales.

Portfolio Pulse from Benzinga Neuro

October 27, 2023 | 9:26 am

VALE

Vale reported Q3 earnings of $0.66 per share, beating the analyst consensus estimate of $0.62 by 6.45%. However, this is a 32.65% decrease from the same period last year. The company's quarterly sales of $10.62 billion missed the analyst consensus estimate of $11.07 billion by 4.04%, but it's a 6.99% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 7:11 am

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