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PYR

PyroGenesis has announced its intention to voluntarily delist from Nasdaq. However, the company's shares will continue to trade on the Toronto Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:44 am

SNY

Sanofi SA (NASDAQ:SNY) plans to spin off its consumer healthcare business to increase investment in its drug-development pipeline and cut costs. The separation is expected to occur by Q4 2024. Sanofi is targeting cost savings of up to €2 billion from 2024 until 2025-end. The company reported a 10.4% decline in Q3 business operating income and a 4.1% decrease in revenues. However, consumer healthcare sales increased 4.6%. Sanofi reiterates its FY23 Business EPS guidance to grow mid-single-digit at CER.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 11:44 am

ERIC

GLW

TXN

The most accurate Wall Street analysts have recommended holding three high-yielding tech stocks: Telefonaktiebolaget LM Ericsson (ERIC), Corning Incorporated (GLW), and Texas Instruments Incorporated (TXN). These companies have dividend yields of 5.69%, 4.16%, and 3.61% respectively. However, all three companies have recently reported sales declines.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 11:40 am

LECO

Lincoln Electric Holdings (NASDAQ:LECO) reported Q3 adjusted earnings of $2.40 per share, beating the analyst consensus estimate of $2.25 by 6.67%. This is a 17.65% increase from the same period last year. However, the company's quarterly sales of $1.03 billion missed the analyst consensus estimate of $1.04 billion by 0.67%, but still represents a 10.45% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:39 am

BCC

Boise Cascade (NYSE:BCC), an engineered wood products company, has declared a quarterly dividend of $0.20 per share and a special dividend of $5.00 per share. The dividends will be paid on December 15, 2023, to stockholders of record on December 1, 2023. The company held $1.1 billion in cash and equivalents as of June 30, 2023. BCC shares closed higher by 1.33% at $90.81 on Thursday.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 11:30 am

CXW

NM

SP

TGH

Four industrial stocks, SP Plus Corporation (SP), Textainer Group Holdings Limited (TGH), Navios Maritime Holdings Inc. (NM), and CoreCivic, Inc. (CXW), are considered overbought and may plunge in Q4. SP Plus and Textainer Group are to be acquired by Metropolis Technologies and Stonepeak respectively. Navios Maritime is to be acquired by N Logistics Holdings. CoreCivic is expected to release its Q3 2023 financial results on Nov. 6, 2023.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 11:23 am

AMZN

META

QQQ

SPY

The US equity market is showing signs of recovery, with Amazon's Q3 results lifting tech stocks. The Nasdaq Composite and S&P 500 are eyeing a rebound, while Bitcoin edges down. Mixed earnings and robust economic data triggered a market decline in the previous session. The Nasdaq Composite has entered correction territory, while the S&P 500 teeters just above. The Dow Industrials also closed lower. The Russell 2000 rebounded after recent declines. Communication services stocks faced pressure due to Meta Platforms' cautious remarks. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. DexCom, Masimo Corporation, Amazon, and Intel saw premarket gains, while Ford and Enphase Energy fell.

Portfolio Pulse from Shanthi Rexaline

October 27, 2023 | 11:20 am

SPY

USO

US markets closed in the red on October 26 due to mixed quarterly earnings and economic resilience. The Nasdaq saw the largest drop, primarily due to underperformance of mega-cap stocks. The S&P 500's communication services sector experienced the biggest drop, while real estate saw the most significant gain. Asian markets closed higher on October 27, led by gains in various sectors. European markets were mixed, with the STOXX 600 and DAX rising, while the CAC and FTSE 100 declined. Crude oil prices jumped 2.15%, while US futures were up.

Portfolio Pulse from Akanksha Bakshi

October 27, 2023 | 11:18 am

VALE

Vale S.A. (NYSE:VALE) reported Q3 FY23 net operating revenue of $10.62 billion, missing the consensus of $10.937 billion. Iron ore and nickel production fell 4% and 19% Y/Y respectively, while pellet and copper production rose 11% and 10% Y/Y. Adjusted EBITDA rose 12% Y/Y to $4.5 billion. EPS of $0.66 beat the consensus of $0.62. VALE shares are trading lower by 0.23% at $13.00 premarket.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 11:15 am

NWL

Newell Brands has projected its Q4 revenue to be between $1.96B and $2.03B, which is lower than the estimated $2.17B. The company also expects its adjusted EPS to be between $0.15 and $0.20, compared to the estimated $0.44.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 11:10 am