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BAC

Bank of America Corp (BAC) shares are trading lower despite reporting better-than-expected Q3 financial results. The bank posted a 10% YoY increase in net income to $7.8 billion and EPS of $0.90, surpassing the expected EPS of $0.81. Revenue also exceeded expectations, growing by 3% YoY to $25.32 billion. The bank saw a 4% YoY increase in net interest income to $14.4 billion due to higher interest rates and strong loan growth.

Portfolio Pulse from Henry Khederian

October 23, 2023 | 3:34 pm

BTCUSD

COIN

Coinbase Global Inc (NASDAQ:COIN) shares are trading higher amid strength in Bitcoin. Bitcoin's momentum is partially fueled by optimism surrounding a potential spot ETF. Coinbase is set to release its Q3 financial results on Nov. 2, with an expected loss of 53 cents per share and revenue of $654.076 million.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 3:33 pm

SEED

Origin Agritech Ltd. has been notified by NASDAQ that it is not in compliance with the minimum market value of listed securities requirements, which stipulate a market value of $35 million or more. The company has until January 8, 2024, to achieve compliance. If it fails to do so, its securities may be delisted. However, if the market value of the listed securities equals $35 million or more for ten consecutive business days before the deadline, the company will regain compliance.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:32 pm

AMZN

BofA Securities analyst Justin Post reiterated a Buy rating on Amazon (AMZN) with a price target of $174.00. He expects Q3 revenue and profit to be slightly above the street view at $142 billion and $8 billion, respectively. AWS revenue growth is the top Q3 metric, with Q3 beat possible as online spending was up 1% y/y in Q3. For Q4, revenue is expected to be at $169.3 billion versus the $166.5 billion consensus. The two tenets for bulls on Amazon stock in 2024 are AWS acceleration to high teens and NA retail margin improvement to about 5%.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 3:32 pm

TRKA

Troika Media Group reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:31 pm

BN

Brookfield (NYSE:BN) has outperformed the market over the past 20 years, producing an average annual return of 12.32%. If an investor had bought $1000 of BN stock 20 years ago, it would be worth $10,243.75 today. The company currently has a market capitalization of $50.02 billion.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:31 pm

BX

A significant bearish stance has been taken on Blackstone (NYSE:BX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The targeted price range for Blackstone over the last 3 months has been $100.0 to $120.0. Analysts from Wells Fargo, BMO Capital, Barclays, HSBC, and Morgan Stanley have maintained their ratings on Blackstone, with price targets ranging from $94 to $120.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:30 pm

BDX

Becton Dickinson (NYSE:BDX) has outperformed the market over the past 20 years by 3.26% on an annualized basis, producing an average annual return of 10.44%. If an investor had bought $100 of BDX stock 20 years ago, it would be worth $723.24 today.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:30 pm

LRCX

A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with both bullish and bearish stances taken by investors. The trades have targeted a price range from $400.0 to $720.0 for Lam Research over the last 3 months. The current price of LRCX is $601.34, up 0.16%. Analysts from B. Riley Securities, JP Morgan, Needham, and UBS have maintained or upgraded their ratings on Lam Research, with price targets ranging from $700 to $800.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:30 pm

NM

Navios Maritime has announced a definitive merger agreement, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:30 pm