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CDNS

CPRT

EXLS

GOOGL

SPY

The stock market has been declining since August, with the SPDR S&P 500 Trust (NYSE:SPY) down 10% from its July high. This presents opportunities for long-term investors to buy quality stocks at cheaper prices. Four such stocks are Copart, Inc. (NASDAQ:CPRT), Cadence Design Systems, Inc. (NASDAQ:CDNS), Alphabet Inc. (NASDAQ:GOOGL), and ExlService Holdings, Inc. (NASDAQ:EXLS), all of which have shown strong earnings growth over the past five years and are expected to continue this trend over the next five years.

Portfolio Pulse from Cory Mitchell

October 26, 2023 | 5:52 pm

NSC

Norfolk Southern Corp (NYSE:NSC) reported a Q3 FY23 railway operating revenue decline of 11% YoY to $2.97 billion, beating the consensus of $2.95 billion. However, its adjusted EPS was $2.65, below the consensus of $2.69. Following the earnings announcement, several analysts including Barclays, Morgan Stanley, Wells Fargo, Citigroup, BMO Capital, and RBC Capital have lowered their price targets on Norfolk Southern.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 5:48 pm

Bunge Limited (NYSE:BG) reported a Q3 2023 sales decline of 15.1% YoY to $14.227 billion, missing the analyst consensus of $15.32 billion. However, its adjusted EPS of $2.99 beat the analyst consensus of $2.50. The company raised its fiscal year 2023 adjusted EPS outlook to $12.50 from the previous $11.75. BG shares are trading higher by 5.07% at 107.36.

Portfolio Pulse from Nabaparna Bhattacharya

October 26, 2023 | 5:46 pm

KVUE

A whale investor has taken a bearish stance on Kenvue (NYSE:KVUE), with 66% of the spotted trades being bearish. The whale has been targeting a price range from $17.5 to $21.0 for Kenvue over the last 3 months. The price of KVUE is currently down -4.46% at $18.85. Goldman Sachs and JP Morgan have maintained their Buy and Overweight ratings on Kenvue, respectively, with a price target of $26.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:46 pm

SPY

White House's Lael Brainard has indicated that there are some soft spots in the global economy, suggesting potential headwinds. This could impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 5:45 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported Q3 FY23 sales growth of 39% YoY to $4.16 billion, beating the analyst consensus estimate. Passenger ticket revenues rose 45.5% YoY. Operating income for the quarter jumped to $1.26 billion, with an operating margin of 30.4%. The company raised its FY23 adjusted EPS guidance from $6-$6.20 to $6.58 - $6.63. RCL shares are trading higher by 1.02%.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 5:44 pm

MULN

Mullen Automotive Inc. (NASDAQ:MULN) shares are trading higher after the company announced it received a favorable decision from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Capital Market, subject to certain conditions. The company must demonstrate compliance with Listing Rule 5550(a)(2) by maintaining a closing bid price of $1 per share for 20 consecutive trading sessions by Jan. 22, 2024, and with Listing Rule 5620(a) by holding an annual shareholder meeting by March 8, 2024.

Portfolio Pulse from Erica Kollmann

October 26, 2023 | 5:43 pm

AMSF

CIA

EIG

FAF

FNF

GBLI

KINS

ORI

OSCR

RELI

STC

WTW

Insurance stocks saw significant movement in Thursday's intraday session. Willis Towers Watson, Stewart Information Servs, Global Indemnity Group, Old Republic Intl, First American Financial, and Fidelity National Finl were the gainers, with their stocks rising between 3.15% and 11.79%. On the other hand, Kingstone Companies, Oscar Health, Employers Holdings, Reliance Global Group, AMERISAFE, and Citizens saw their stocks fall between 3.55% and 5.33%. Q3 earnings reports were released for several of these companies.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:40 pm

GNRC

NOC

NSC

NVT

PAYC

PLUG

SAVE

The article reports on the options activity of 10 industrial stocks in today's session. The stocks mentioned are Hawaiian Holdings Inc (HA), nVent Electric PLC (NVT), Plug Power Inc (PLUG), The Boeing Company (BA), General Electric Company (GE), Paycom Software Inc (PAYC), Norfolk Southern Corp. (NSC), Generac Holdings Inc. (GNRC), Northrop Grumman Corporation (NOC), and Spirit Airlines Incorporated (SAVE). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:35 pm

ABNB

BKNG

CZR

DKNG

HELE

TOL

TSLA

VRM

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), Ford (F), Vroom (VRM), DraftKings (DKNG), Toll Brothers (TOL), Foot Locker (FL), Booking Holdings (BKNG), Helen of Troy (HELE), Airbnb (ABNB), and Caesars Entertainment (CZR). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each of the mentioned stocks.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:35 pm