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MAN

ManpowerGroup has announced that the current operating environment is challenging for the industry. The company expects its Q4 EPS to be between $1.17 and $1.27, which includes an estimated unfavorable currency impact of 1 cent. The guidance does not include expected restructuring costs and any Argentina related impact of non-cash currency translation losses.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:40 am

NFLX

TSLA

Netflix shares are trading higher by around 14% after reporting better-than-expected Q3 results and Q4 revenue forecast. Other stocks moving in pre-market trading include Nxu, Zapp Electric Vehicles, SeaStar Medical, Atreca, Crown ElectroKinetics, BIO-key International, Mangoceuticals, Peraso, and RiceBran Technologies. On the downside, Nuvve Holding, Falcon's Beyond Global, Rentokil Initial, Biocept, Ensysce Biosciences, Blue Star Foods, Micromobility.com, Vicinity Motor, Sientra, and Tesla are trading lower.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 11:38 am

MAN

ManpowerGroup's Q3 earnings per share were $0.60, down from $2.13 in the same period last year. The company's quarterly sales of $4.675 billion missed the analyst consensus estimate of $4.70 billion by 0.53 percent, a 2.62 percent decrease from last year's sales of $4.80 billion.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:37 am

MNSB

MS

VALU

The article lists the top 3 oversold financial stocks that present a buying opportunity in Q4. These include Morgan Stanley (NYSE:MS), Value Line, Inc. (NASDAQ:VALU), and MainStreet Bancshares, Inc. (NASDAQ:MNSB). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 11:35 am

CSGP

CoStar Group Inc (NASDAQ:CSGP) has proposed to acquire UK-based property portal OnTheMarket for £100 million. OnTheMarket, the third most visited residential property portal in the UK, posted revenues of about £35 million for the year ending July 31, 2023. CoStar Group plans to invest £46.5 million into sales and marketing in the first year after the acquisition. The company's shares closed lower by 2.68% at $77.66 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 11:27 am

DISH

TMUS

DISH Network Corp and T-Mobile US Inc have agreed to extend the deadline for DISH to purchase a set of T-Mobile airwaves, a decision approved by a U.S. court. The new deadline is April 1. DISH will pay T-Mobile a $100 million extension fee, subject to court approval. The extension will help DISH compete as the nation's fourth facilities-based carrier. DISH shares are trading lower by 0.79% at $5.02 premarket.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 11:25 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell over 5% in premarket trading following a disappointing Q3 earnings report. The company reported adjusted earnings per share of $0.66, below the $0.72 consensus estimate, and revenue of $23.35 billion, below the $24.1 billion consensus target. The auto gross margin fell to 16.3%, compared to an expected 17.7%. Tesla bull Daniel Ives reduced the price target for Tesla stock from $350 to $310.

Portfolio Pulse from Shanthi Rexaline

October 19, 2023 | 11:17 am

AAL

American Airlines forecasts its Q4 FY23 adjusted operating margin to be between 2%-4%, and approximately 7% for FY23, based on current demand trends and fuel price forecast, excluding the impact of special items.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:05 am

PM

Philip Morris International has lowered its FY23 outlook, with adjusted diluted EPS now expected to be between $6.05 and $6.08, down from the previous estimate of $6.13 to $6.22. The company's reported diluted EPS for 2023 is forecasted to be between $4.95 and $4.98, down from the previous range of $5.19 to $5.28.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 11:05 am

NFLX

QQQ

SPY

TSLA

US stocks are set for a mixed opening due to a blend of earnings reports and increasing economic uncertainty. Tesla's underwhelming Q3 results are pressuring sentiment, offset by positive performances from companies like Netflix. A fresh wave of earnings reports, mainly from regional banks, is expected. Traders are also watching key economic data and speeches from Federal Reserve officials. Bond yields remain high and crude oil prices have pulled back. The S&P 500 is expected to recover off the 4,200 support level.

Portfolio Pulse from Shanthi Rexaline

October 19, 2023 | 11:03 am