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BTCUSD

ETHUSD

MINAUSD

Bitcoin (BTC) and Ethereum (ETH) traded lower, with ETH falling below the key $1,800 mark. The global crypto market cap fell to $1.26 trillion, a 24-hour decline of 0.9%. Pepe (PEPE) was the top gainer over the past 24 hours, while Mina (MINA) was the biggest loser. Other notable losers include Maker (MKR), Uniswap (UNI), and Compound (COMP).

Portfolio Pulse from Lisa Levin

October 25, 2023 | 1:41 pm

AAPL

AMZN

Apple's latest smartwatch, the Apple Watch Series 8, is currently available at a discounted price of $320 on Amazon. The watch features upgrades over its predecessor, including a low-power mode that extends battery life to 36 hours, crash and fall detection features, advanced health features, and a skin temperature sensor.

Portfolio Pulse from Rounak Jain

October 25, 2023 | 1:39 pm

RITM

SCU

Sculptor Capital Management Consortium has made a non-binding proposal to acquire a company at a price of $13.50 per share. However, the proposal is not considered superior to the Rithm transaction, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 1:35 pm

AMZN

SONY

SPOT

TCEHY

Spotify Technology S.A. (NYSE:SPOT) reported a surprise quarterly profit, its first in 18 months, and is expanding its business into audio books and podcasts, challenging Amazon.com Inc (NASDAQ:AMZN). Spotify shares closed 10% up on Tuesday. The company is also expecting quarterly profits to continue throughout the upcoming year. Sony Group Corporation (NYSE:SONY) and Tencent Holdings Limited (OTC:TCEHY) are part-owners of Spotify.

Portfolio Pulse from Upwallstreet

October 25, 2023 | 1:31 pm

SNAP

Snap Inc (NYSE:SNAP) reported better-than-expected Q3 results and announced a $500 million buyback, leading to a rise in its stock price. Q3 revenue increased 5% YoY to $1.19 billion, beating estimates. Daily active users grew 12% YoY to 406 million. The company refrained from providing formal guidance due to war-related headwinds but expects Q4 revenue of $1.32 billion to $1.375 billion. Snap's COO Jerry Hunter will retire and the board authorized a share repurchase program of up to $500 million.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 1:30 pm

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