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Stock Prices

MNST

Piper Sandler analyst Michael Lavery has downgraded Monster Beverage (NASDAQ:MNST) from Overweight to Neutral and lowered the price target from $63 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:42 pm

TECK

Teck Resources reported worse-than-expected Q3 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:41 pm

CALX

Calix Inc. reported its Q3 financial results and issued guidance, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:40 pm

TFII

TFI International reported worse-than-expected Q3 earnings per share (EPS) results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:39 pm

TRU

TransUnion's shares fell by around 25% after the company reported worse-than-expected Q3 FY23 financial results, issued Q4 adjusted EPS and revenue guidance below estimates, and lowered FY23 guidance. The company reported revenue of $968.7 million, missing the consensus of $982.3 million. Adjusted EPS of $0.91 missed the consensus of $0.94. The company also identified a triggering event requiring an interim impairment test for its U.K. reporting unit, which led to a goodwill impairment of $495 million.

Portfolio Pulse from Lekha Gupta

October 24, 2023 | 3:37 pm

MMM

3M Co reported Q3 FY23 adjusted net sales of $8.02 billion, a 3% YoY decline, but beat the consensus of $7.97 billion. Adjusted EPS was $2.68, beating the consensus of $2.34. The company reported an operating loss of $2.65 billion. Adjusted EBITDA increased 4.6% YoY to $2.33 billion. The company returned $828 million to shareholders via dividends. 3M raised its FY23 outlook following EBITDA margin expansion.

Portfolio Pulse from Akanksha Bakshi

October 24, 2023 | 3:35 pm

BTBT

CLSK

MARA

RIOT

Bitcoin-related stocks, including Marathon Digital Holdings Inc. (MARA), Riot Platforms Inc. (RIOT), CleanSpark Inc. (CLSK), and Bit Digital Inc. (BTBT), saw a major surge on Tuesday due to increasing optimism surrounding the potential approval of the first spot Bitcoin ETF by the SEC. Bitcoin itself also reached a high of $35,198. The bullish sentiment in the market is also indicated by the surpassing of significant resistance levels by shares of cryptocurrency miners and exchanges.

Portfolio Pulse from Piero Cingari

October 24, 2023 | 3:33 pm

IBTC

Bitcoin futures have moved lower in the last 15 minutes. This comes after a tweet from a Barrons reporter stating that the iShares Bitcoin Trust (IBTC) has been removed from the DTCC's list.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:31 pm

NFLX

Netflix's stock surged by 16% following a significant growth in its subscriber base, driven by the introduction of an ad-supported tier which led to a 70% spike in subscriptions. The company's Q3 earnings exceeded expectations, reaching $3.73 per share against the estimated $3.49. Despite a previous decline, the stock price soared above the $400 resistance level. However, it still needs to surpass the $423 level, a key resistance since June 2018.

Portfolio Pulse from Zaheer Anwari

October 24, 2023 | 3:31 pm

CB

Chubb (NYSE:CB) has outperformed the market over the past 20 years by 2.43% on an annualized basis, producing an average annual return of 9.64%. If an investor had bought $1000 of CB stock 20 years ago, it would be worth $6,383.31 today.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 3:31 pm