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HON

Honeywell's executive has stated that the company's supply chain is improving each quarter and they expect to make further progress on converting their past-due backlog into sales.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:00 pm

AMZN

AVGO

MSFT

PLTR

SHOP

Financial advisor Suze Orman recommends buying growth stocks over bonds for long-term wealth building. Despite the current selling pressure on stocks due to rising rates, Orman sees opportunities to buy. Her portfolio includes Amazon, Microsoft, Broadcom, Shopify, and Palantir. She continues to buy these stocks on signs of weakness, believing in their long-term potential.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 1:00 pm

NOW

ServiceNow reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:59 pm

ACCO

MMM

SBLK

Three industrial stocks with over 6% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Star Bulk Carriers Corp. (SBLK) with a dividend yield of 13.55%, 3M Company (MMM) with a yield of 6.71%, and ACCO Brands Corporation (ACCO) with a yield of 6.06%. Recent news for these companies include a share repurchase agreement for SBLK, better-than-expected Q3 results and raised FY23 guidance for MMM, and an upcoming Q3 earnings release for ACCO.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 12:59 pm

EDR

Endeavor Group Holdings, Inc. (EDR) shares are trading higher after the company announced a review of strategic alternatives. This could potentially lead to a significant change in the company's business model or operations.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:59 pm

CLF

X

US Steel (NYSE:X) is set to report its Q3 earnings on Oct. 26. The company is considering strategic options, including a $7.1 billion acquisition offer from Cleveland-Cliffs (NYSE:CLF). US Steel is undergoing a transformation, investing in mini mills and EAFs, which are expected to benefit from the Inflation Reduction Act. The company's stock is trading at attractive valuations among competitors such as Nucor (NYSE:NUE), Reliance Steel & Aluminum (NYSE:RS), Ternium (NYSE:TX), Carpenter Tech (NYSE:CRS), Vale (NYSE:VALE) and Ramaco Resources (NASDAQ:METCB). Wall Street analysts expect US Steel to report $1.15 in EPS for the quarter and $4.39 billion in revenue.

Portfolio Pulse from Surbhi Jain

October 26, 2023 | 12:58 pm

ABVC

ABVC BioPharma has entered into a term sheet to license the global rights of CNS drugs for MDD and ADHD to AiBtl BioPharma. The deal is valued at $667 million, which has led to a rise in ABVC's share price.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:56 pm

MBLY

Mobileye Global Inc (NASDAQ:MBLY) reported a Q3 FY23 revenue growth of 18% YoY to $530 million, beating the consensus of $527.8 million. Adjusted EPS of $0.22 also beat the consensus of $0.17. The company's CEO attributed the results to the operating leverage and positive feedback to the SuperVision navigate on pilot software roll-out. Mobileye expects FY23 revenue of $2.065 billion - $2.090 billion. MBLY shares traded higher by 3.03% premarket.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 12:55 pm

BABA

JD

Alibaba's stock traded higher as presales for its Singles' Day promotion, boosted by live streamers, began on Taobao and Tmall Group. The platforms recorded over 200% YoY increase in turnover for 1,300 brands within an hour of presales. E-commerce rival JD.Com also kicked off its Singles' Day campaign this year ahead of Alibaba. Chinese stocks also got a boost from reports over Beijing's stimulus plan.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 12:52 pm

ASX

TSM

ASE Technology Holding Co, Ltd (ASX) reported a Q3 net revenue decline of 18% YoY to $4.87 billion, missing the consensus of $5.12 billion. However, the revenue grew by 13% QoQ. The company's gross margin increased by 20 bps QoQ to 16.2%, and the operating margin grew by 50 bps QoQ to 7.4%. ASX shares traded higher by 3.49% in premarket.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 12:49 pm