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OC

Owens Corning Inc reported a 2% YoY decline in Q3 FY23 net sales to $2.48 billion, missing the consensus of $2.53 billion. Adjusted EPS was $4.15, up from $3.61 in 3Q22, beating the consensus of $3.82. The company returned $187 million to shareholders through dividends and share repurchases. For 4Q23, the company expects net sales slightly below 4Q22 while generating mid-teen EBIT margins. OC shares are trading lower by 0.23% at $123.07 premarket.

Portfolio Pulse from Akanksha Bakshi

October 25, 2023 | 1:29 pm

VICR

Vicor Corporation reported its Q3 financial results, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:26 pm

TMO

Thermo Fisher Scientific reported mixed Q3 financial results and lowered its FY23 adjusted EPS and sales guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:23 pm

GLD

TLT

UUP

The ongoing Israel-Hamas conflict has sparked international reactions, with Turkish President Erdogan expressing support for Hamas and UN Secretary-General Guterres facing backlash for his comments. The conflict has also led to a humanitarian crisis in Gaza, with the health system reportedly in a state of collapse. Market reactions to the conflict have been subdued, with European equity indices trading flat and S&P 500 futures indicating a slight decline. The U.S. dollar, as measured by the Invesco DB USD Index Bullish Fund ETF (UUP), continued to rise, while Treasury yields increased and gold and crude oil prices rebounded.

Portfolio Pulse from Piero Cingari

October 25, 2023 | 1:19 pm

WAB

Westinghouse Air Brake Technologies Corporation (Wabtec) reported a 22.5% Y/Y sales growth to $2.55 billion, beating the consensus of $2.40 billion in Q3 FY23. The growth was driven by higher Freight and Transit segment sales. Adjusted EPS of $1.70 topped the consensus of $1.46. The company raised its 2023 Adjusted EPS outlook to $5.80-$6.00 and sales to $9.5 billion-$9.7 billion. WAB shares are trading higher by 3.96% at $103.90 in the premarket session on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 1:19 pm

ADSK

Autodesk's (NYSE:ADSK) short percent of float has risen 10.81% since its last report, with 2.63 million shares sold short, which is 1.23% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Autodesk. However, compared to its peers, Autodesk has less short interest as a percentage of float, with an average of 3.33%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:15 pm

GE

General Electric's (NYSE:GE) short percent of float has fallen 5.0% since its last report, with 12.31 million shares sold short, which is 1.14% of all regular shares available for trading. It would take traders 3.07 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 2.16% for its peer group.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:15 pm

MS

Morgan Stanley's (NYSE:MS) short percent of float has risen 6.62% since its last report, with 20.53 million shares sold short, which is 1.61% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, Morgan Stanley has less short interest as a percentage of float, which is 3.66% on average.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:15 pm

AAPL

AMZN

BA

GOOG

META

MSFT

NVDA

QQQ

SNAP

TSLA

The top 10 trending stocks on WallStreetBets as of October 25, 2023, are MSFT, META, AMZN, GOOG, TSLA, SNAP, NVDA, QQQ, BA, and AAPL, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:09 pm

WAB

Wabtec Corporation reported its Q3 financial results and issued 2023 adjusted EPS and sales guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:08 pm