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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

FIS

HHH

QRHC

Insider trades were noted in Howard Hughes Holdings Inc. (HHH), Fidelity National Information Services, Inc. (FIS), and Quest Resource Holding Corporation (QRHC). HHH Director William Ackman acquired 120,839 shares for around $8.23 million. FIS Director Jeffrey A Goldstein and Director Ellen R Alemany acquired a total of 1,900 shares. QRHC 10% owner Joshua Landes bought 25,677 shares.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 11:10 am

GLD

SPY

USO

Global markets are showing signs of pessimism with Asia and Europe markets dipping, crude oil prices touching $90, and gold hovering near $2,000. The U.S. stock markets ended lower on October 19 due to rising treasury yields. The Dow Jones, S&P 500, and Nasdaq Composite all declined. Asian markets also closed lower, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all experiencing declines. European markets were also down, with the STOXX 600, DAX, CAC, and FTSE 100 all trading lower.

Portfolio Pulse from Akanksha Bakshi

October 20, 2023 | 11:09 am

AXP

American Express has reported a 7% increase in total network volumes to $420.2B in Q3.

Portfolio Pulse from Bill Haddad

October 20, 2023 | 11:03 am

SXT

Sensient Technologies has revised its 2023 outlook, now expecting full year GAAP diluted earnings per share to be down low double digits YoY, compared to the previous guidance of high single digits. The company also anticipates 2023 revenue to grow at a low single-digit rate, down from the previous guidance of mid-single-digit growth. The changes are attributed to higher interest rates, a higher tax rate, and foreign exchange rates.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 11:03 am

CTM

Castellum has announced that it is well positioned to execute on its 2024 budget starting from January. The company projects $50M in revenue and $3.5M in recurring cash operating profit for 2024, which is below the consensus estimate of $57.9M.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:54 am

TSLA

Following Tesla Inc.'s disappointing Q3 results, CEO Elon Musk has been engaging in video games and online exchanges on social media platform X. Tesla's Q3 earnings and revenue significantly missed Wall Street's expectations, leading to a more than 5% decline in the stock during after-hours trading. Despite this, Musk appears unfazed and has been discussing his interest in various video games.

Portfolio Pulse from Ananya Gairola

October 20, 2023 | 10:46 am

AMWL

LDOS

American Well Corporation (AMWL) and Leidos Holdings, Inc (LDOS) have won a contract to provide a hybrid care technology platform for the U.S. Military Health System (MHS). The deal, worth up to $180 million, will see the Leidos Partnership for Defense Health (LPDH) provide the Amwell Converge platform. The platform will replace the existing MHS Video Connect solution and is part of the DHA's Digital First initiative.

Portfolio Pulse from Nabaparna Bhattacharya

October 20, 2023 | 10:35 am

EEFT

Euronet Worldwide anticipates its 4Q23 adjusted EPS to be $1.75, higher than the consensus of $1.68. The company also expects its 2024 adjusted EPS to grow 10-15% YoY, in line with its historical growth rates. These projections do not account for potential changes in foreign exchange rates, interest rates, or other unforeseen factors.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:25 am

GAME

GameSquare Holdings has signed an agreement with FaZe Holdings to acquire FaZe Clan in an all-stock transaction. The deal is expected to close in Q4.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:20 am