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US stocks traded lower with the Dow Jones index falling over 100 points. Alphabet Inc's shares fell around 10% following its Q3 results, despite beating revenue and earnings estimates, due to poor performance in its cloud computing unit. Abri SPAC I, BioXcel Therapeutics, and Stride Inc saw their shares rise following positive news, while Sonnet BioTherapeutics, Appreciate Holdings, and Vicor Corporation saw their shares fall.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 6:47 pm

UL

Unilever Inc.'s (NYSE:UL) shares are currently trading at $48.52, marking a 0.05% decrease. Despite a 0.58% decrease over the past month, the stock has increased by 8.53% over the past year. The company's P/E ratio is 14.06, lower than the Personal Products industry average of 39.28, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:45 pm

BTCUSD

Anthony Pompliano of Pomp Investments expects Bitcoin (CRYPTO: BTC) to rally hundreds of percent above its old highs during the next bull run. He noted that 76% of Bitcoin hasn't been sold in the last year and 56% of it hasn't been sold in the last two years. He also mentioned that the anticipation of a Bitcoin ETF has been a major factor in the recent price increase. Blackrock and other major financial firms have amended ETF applications, suggesting approval is nearing.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 6:34 pm

AMZN

Amazon shares are trading lower due to weakness in large-cap tech stocks, in sympathy with Alphabet. The stock may also be under pressure due to cloud competition concerns from Microsoft.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:33 pm

SPOT

Spotify Technology SA (NYSE:SPOT) reported a Q3 profit, with revenue growth of 11% YoY to $3.65 billion, beating the consensus of $3.34 billion. EPS of $0.36 also beat the consensus loss of $(0.22). However, shares fell 5.5% to trade at $161.28. Several analysts, including Raymond James, Keybanc, Morgan Stanley, Benchmark, Barclays, and Truist Securities, raised their price targets on Spotify following the earnings announcement.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 6:32 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent trades being bearish. The trades range from $500.0 to $590.0. The current price of COST is down -0.32% at $550.08. Analysts from JP Morgan, Telsey Advisory Group, B of A Securities, and DA Davidson have maintained their ratings on Costco, with price targets ranging from $570 to $620.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:30 pm

ALB

LTHM

Piper Sandler analyst Charles Neivert downgraded Albemarle Corp (ALB) and Livent Corp (LTHM) to Neutral from Overweight, citing challenges in EV manufacturing and demand that may degrade lithium's supply-demand dynamics. The analyst also lowered ALB's price target to $155 from $255 and LTHM's to $19 from $33. He expects lithium prices to remain under pressure and weigh on earnings growth.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 6:29 pm

GE

General Electric Co (NYSE:GE) reported Q3 FY23 revenues of $17.3 billion, a 20% YoY increase, and adjusted EPS of $0.82, beating the consensus of $0.56. The company plans to spin off GE Vernova and launch GE Aerospace in Q2 2024. GE also revised its FY23 adjusted EPS forecast to $2.55-$2.65 from $2.10-$2.30. Despite the positive earnings, GE shares fell 1.4% to $112.03. Barclays and RBC Capital increased their price targets on GE following the earnings announcement.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 6:23 pm

F

Ford Motor Company (NYSE:F) is set to report its Q3 financial results. Analysts expect a revenue of $41.22 billion and earnings per share of 45 cents. The ongoing UAW strike and its impact on Ford's stock price, as well as the company's electric vehicle sales and margins, are key points of interest. Analysts from RBC Capital, Morgan Stanley, and UBS have given their ratings and price targets for Ford's stock.

Portfolio Pulse from Chris Katje

October 25, 2023 | 6:22 pm

GOOGL

Communication services stocks are trading lower due to negative market sentiment following Alphabet's Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:20 pm