Streetbeat News

Stock Prices

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

AXP

HBAN

NFLX

SLB

TSLA

US stocks closed lower following comments from Federal Reserve Chair Jerome Powell acknowledging persistent elevated inflation levels. The CNN Money Fear and Greed index showed increased fear among investors. Tesla shares fell 9.3% after reporting worse-than-expected Q3 results, while Netflix shares jumped 16% after better-than-expected Q3 results. Investors are awaiting earnings results from American Express, Schlumberger, and Huntington Bancshares.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 10:10 am

ALV

Autoliv has increased its FY23 organic sales growth outlook from 15% to 17%.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:06 am

ALV

Autoliv reported encouraging Q3 performance and improved supply chain stability throughout the year. The company has increased its full-year sales indication, reflecting that Light Vehicle Production (LVP) has developed better than expected, even with the UAW strike.

Portfolio Pulse from Charles Gross

October 20, 2023 | 10:05 am

Regions Finl (NYSE:RF) reported Q3 earnings of $0.49 per share, missing the analyst consensus estimate of $0.58 by 15.52%. This is a 12.5% decrease from the same period last year. The company also reported quarterly sales of $1.86 billion, missing the analyst consensus estimate of $1.89 billion by 1.69%. This is a 0.54% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 10:02 am

CSIQ

ENPH

FSLR

ISRG

MTC

NOVA

RUN

SEDG

SPWR

WDFC

Several stocks traded lower in Friday's pre-market session, including SolarEdge Technologies, Enphase Energy, SunPower Corporation, Intuitive Surgical, MMTEC, Sunrun, Sunnova Energy International, Canadian Solar, First Solar, and WD-40 Company. SolarEdge's shares tumbled after the company issued preliminary Q3 revenue results below estimates and lowered its non-GAAP gross margin forecast. Enphase Energy's shares fell in sympathy with SolarEdge. SunPower's shares fell after JP Morgan maintained the company with an Underweight. Intuitive Surgical's shares declined after the company reported mixed Q3 financial results. MMTEC's shares fell after a significant jump on Thursday. Sunrun, Sunnova Energy, and Canadian Solar saw their shares decline after Deutsche Bank downgraded them. First Solar's shares declined, and WD-40 Company's shares fell after the company issued a weak earnings forecast for FY24.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 10:00 am

NVDA

KeyBanc Capital Markets analyst John Vinh has cut the price target for Nvidia Corp. (NASDAQ:NVDA) from $750 to $650 due to fresh U.S. restrictions on chip sales to China. Despite this, Vinh maintains an Overweight rating on Nvidia shares and expects the company to finish strong in 2023. He anticipates a marginal near-term effect on Nvidia from the updated U.S. export restrictions and expects China to accelerate purchases ahead of the Nov. 15 implementation of the new export controls.

Portfolio Pulse from Shanthi Rexaline

October 20, 2023 | 9:54 am