Streetbeat News

Stock Prices

KNX

SEDG

ULY

XRTX

Several stocks are experiencing significant pre-market trading movements. XORTX Therapeutics, Urgent.ly, Aravive, Wheeler Real Estate Investment Trust, Intelligent Living Application Group, SEALSQ Corp, American Well Corporation, Knight-Swift Transportation Holdings, Ucommune International, and Bowlero Corp are among the gainers. Cuentas, WEBUY GLOBAL, SolarEdge Technologies, Processa Pharmaceuticals, Asset Entities, SeaStar Medical Holding Corporation, Arcutis Biotherapeutics, Atreca, Spectral AI, and Intuitive Surgical are among the losers.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 11:42 am

FYBR

IDT

SCPL

TEO

The article lists four overbought stocks in the communication services sector that may experience a fall in Q4. These include Telecom Argentina S.A. (NYSE:TEO), Frontier Communications Parent, Inc. (NASDAQ:FYBR), SciPlay Corporation (NASDAQ:SCPL), and IDT Corporation (NYSE:IDT). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 11:30 am

KNX

NFLX

QQQ

SEDG

SPY

The market sentiment remains negative due to mixed earnings and rate worries. Crude oil continues to rise, questioning the U.S. government's decision to buy oil. The Nasdaq Composite and the S&P 500 indices closed lower for the third straight session. Netflix shares rallied following its quarterly results. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF slipped in premarket trading. Stocks of Knight-Swift Transportation soared following their quarterly results, while SolarEdge Technologies plunged after warning of a Q3 shortfall.

Portfolio Pulse from Shanthi Rexaline

October 20, 2023 | 11:26 am

BABA

BIDU

NVDA

TCEHY

Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), Nvidia Corp (NASDAQ: NVDA), and Tencent Holding Ltd (OTC:TCEHY) are facing potential impacts due to the escalating U.S.-China geopolitical tensions. The U.S. has imposed an embargo on advanced artificial intelligence technology to China, which could affect the AI ambitions of these companies. The sanctions will force Nvidia to halt shipments to China of two processors. Chinese tech firms have ordered over $5 billion in Nvidia chips, many of which remain undelivered.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 11:25 am

ALV

Autoliv Inc reported Q3 FY23 sales growth of 13% YoY to $2.596 billion, missing the analyst consensus estimate of $2.64 billion. Adjusted operating income increased 40% to $243 million. The company raised its FY23 organic sales growth outlook from 15% to 17%. ALV shares are trading higher by 0.85% at $90.94 during the pre-market session on Friday.

Portfolio Pulse from Shivani Kumaresan

October 20, 2023 | 11:25 am

ENPH

FSLR

RUN

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:25 am

SEDG

SolarEdge has issued preliminary Q3 revenue results that are below estimates and has also lowered its non-GAAP gross margin guidance. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:24 am

ISRG

Intuitive Surgical's shares are trading lower following the company's mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:21 am

KNX

Knight-Swift Transportation reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:20 am

ALV

AXP

ISRG

SLB

WDFC

American Express (AXP), Intuitive Surgical (ISRG), Schlumberger (SLB), WD-40 Company (WDFC), and Autoliv (ALV) are expected to be in focus as the market opens on Friday. AXP is expected to report quarterly earnings of $2.94 per share on revenue of $15.37 billion. ISRG reported better-than-expected earnings for Q3 but missed sales estimates. SLB is expected to report earnings of 77 cents per share on revenue of $8.33 billion. WDFC reported in-line earnings for Q4, but issued a weak earnings forecast for FY24. ALV is expected to report quarterly earnings of $1.83 per share on revenue of $2.63 billion.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 11:15 am