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PG

Procter & Gamble (PG) reported Q1 results that beat top and bottom-line estimates despite losing some consumers due to rising prices. Net sales expanded 6% to $21.87 billion with organic revenue increasing 7% due to higher pricing. Net income was $4.52 billion, or $1.83 per share. However, volume contracted 1% when excluding the impact of currency and pricing changes. PG expects volume growth for the fiscal year. The company revised its revenue growth forecast to 2%-4% due to anticipated foreign exchange rate impacts. PG remains confident in its customers' resilience, expecting them to absorb higher prices.

Portfolio Pulse from Upwallstreet

October 23, 2023 | 2:25 pm

PLTR

Shares of Palantir Technologies Inc (NYSE:PLTR) are trading lower due to increased selling pressure from rising Treasury yields. Higher yields make equities look less attractive and borrowing more expensive, which can impact company earnings and slow economic growth. Palantir is set to report its Q3 financial results on Nov. 2, with expected earnings of 6 cents per share and revenue of $555.359 million.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 2:25 pm

ESMT

Engagesmart Inc (NYSE:ESMT) shares are trading higher by over 10% after the company announced a deal to be acquired by Vista Equity Partners for around $4.0 billion or $23 per share in an all-cash transaction. The purchase price represents a premium of about 23% to the unaffected closing price of ESMT's shares on October 4, 2023. The transaction is expected to be completed in Q1 2024.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 2:25 pm

RIVN

Rivian Automotive Inc's shares have dropped by 12.7% over the past five sessions, influenced by Tesla's disappointing Q3 results and the rise in Treasury yields. The company's recent issuance of $1.5 billion in green convertible senior notes has raised concerns among investors due to the increased debt load. The notes offer a 3.625% annual interest rate, with semi-annual payments from 2024 and maturing in 2030. The proceeds will be used for environmentally friendly projects.

Portfolio Pulse from Henry Khederian

October 23, 2023 | 2:22 pm

CELH

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) continued to decline, losing around 4% last week. Despite this, the company is seen as a 'high-growth functional beverage business' with significant expansion potential, according to William Blair analyst Jon Andersen. Andersen initiated coverage of Celsius Holdings with an Outperform rating, citing strong Q2 results and potential for sales and earnings growth due to market share gains in energy beverages.

Portfolio Pulse from Priya Nigam

October 23, 2023 | 2:17 pm

FMC

FMC Corp's shares are plummeting after the company revised its Q3 and FY23 outlook downwards. The company now expects Q3 revenue to be $982 million, down from the previous $1.19 billion - $1.27 billion. The adjusted EPS for Q3 is expected to be $0.44, down from the prior outlook of $0.90 - $1.32. The company also cut Q4 revenue outlook and FY23 revenue outlook. The revised outlook is mainly due to lower sales volumes in Latin America, particularly in Brazil and Argentina.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 2:16 pm

ORCL

A significant investor has taken a bearish stance on Oracle (NYSE:ORCL), with 84% of the spotted trades being bearish. The whales have been targeting a price range from $95.0 to $120.0 for Oracle over the last 3 months. The current price of ORCL is $102.05, up 0.2%. Analysts from Morgan Stanley, BMO Capital, and Evercore ISI Group have maintained their ratings on Oracle with price targets of $107, $130, and $135 respectively.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 2:16 pm

C

Recent unusual options activity indicates a bearish stance on Citigroup (NYSE:C) with 64% of investors opening trades with bearish expectations. Whales have been targeting a price range from $30.0 to $60.0 for Citigroup over the last 3 months. The price of Citigroup is down -1.18% at $39.21. Analysts from Goldman Sachs, Morgan Stanley, BMO Capital, and Oppenheimer have maintained their ratings on Citigroup with price targets ranging from $41 to $82.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 2:16 pm

MARA

RIOT

Crypto mining stocks Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) are moving higher amid a rise in the price of Bitcoin. Bitcoin is up more than 2% over the last 24 hours and more than 9% over the last week due to several positive developments, including the SEC's decision to dismiss all claims against Ripple's CEO and executive chair, and optimism surrounding a potential spot ETF. Marathon Digital and Riot Blockchain's stocks were up 2.77% and 2.67% respectively.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 2:14 pm

INVO

INVO BioScience has announced its plans to acquire NAYA Biosciences in an all-stock transaction. This has led to a rise in INVO BioScience's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 2:13 pm