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MDRR

Medalist Diversified REIT's board has approved the repurchase of an additional 200,000 shares of the company's common stock at a maximum price of $6.00 per share, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:36 pm

NVTA

Invitae (NYSE:NVTA), a medical genetics company, has appointed Dr. David Sholehvar as its new Chief Operating Officer, effective from November 13, 2023. Dr. Sholehvar has a 25-year track record in healthcare business leadership, having held roles at NeoGenomics Inc., Dynex Technologies, Quest Diagnostics, and Johnson & Johnson. As part of his hiring, Invitae is granting 850,000 restricted stock units to Dr. Sholehvar under its 2015 Stock Incentive Plan.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:35 pm

WAL

Western Alliance (NYSE:WAL) reported Q3 earnings of $1.97 per share, beating the analyst consensus estimate of $1.90 by 3.68%. However, this is a 18.6% decrease from last year's earnings. The company also reported quarterly sales of $716.20 million, beating the analyst consensus estimate of $676.46 million by 5.87%, and marking a 7.88% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:34 pm

ISRG

Intuitive Surgical, Inc. reported Q3 earnings of $1.46 per share, beating the analyst consensus estimate of $1.41. However, its quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.77 billion. The company also placed 312 da Vinci surgical systems, compared with 305 in the same period in 2022. Despite the mixed results, the company's stock fell in after-hours trading.

Portfolio Pulse from Ryan Gustafson

October 19, 2023 | 8:33 pm

CURO

CURO Group Holdings Corp. (NYSE:CURO) has received a notice from the New York Stock Exchange (NYSE) stating that it is no longer in compliance with the NYSE's continued listing standards. This is due to the company's average global market capitalization over a 30 trading-day period being less than $50 million and its stockholders' equity being less than $50 million. CURO has 45 days to submit a plan to the NYSE detailing how it will regain compliance within 18 months. If the plan is not accepted, the NYSE will initiate delisting proceedings.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 8:33 pm

HPE

Hewlett Packard Enterprise (HPE) has provided an outlook at its Securities Analyst Meeting, forecasting a 2-4% revenue growth in constant currency by 2024. The company also predicts a non-GAAP EPS of $1.82-$2.02, which is lower than the estimated $2.14.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:33 pm

AMT

A large investor has taken a bullish stance on American Tower (NYSE:AMT), as evidenced by a significant position in the company's options. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The price target for AMT, based on volume and open interest, is between $150 and $200. The current price of AMT is $159.43, down 2.06%. Analysts from Citigroup, JP Morgan, Morgan Stanley, and Wells Fargo have maintained their positive ratings on AMT.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 8:32 pm

ENPH

FSLR

RUN

SEDG

SolarEdge has announced that its Q3 revenue, gross margin, and operating income will be below its prior guidance range. This news has negatively impacted the shares of several solar-related stocks, including ENPH, FSLR, and RUN.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:31 pm

ACN

Accenture (NYSE:ACN) has outperformed the market over the past 15 years, producing an average annual return of 16.97%. If an investor had bought $100 of ACN stock 15 years ago, it would be worth $1,030.06 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 8:30 pm

BLK

BlackRock (NYSE:BLK) has outperformed the market over the past 20 years by 6.16% on an annualized basis, producing an average annual return of 13.42%. If an investor had bought $100 of BLK stock 20 years ago, it would be worth $1,240.55 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 8:30 pm