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RIVN

Rivian shares are trading lower due to a general weakness in EV stocks and a rise in Treasury yields, which has negatively impacted growth stocks.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:15 pm

EVLO

Evelo Biosciences' stock has been downgraded from Outperform to Market Perform by TD Cowen, causing a decrease in the share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:14 pm

VFS

VinFast shares are experiencing a downturn due to continued weakness. The company has announced plans to seek capital for its expansion into Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:12 pm

LCID

Lucid Group shares are experiencing a downturn following a Q3 delivery update on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:12 pm

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USO

The article discusses the current geopolitical tensions and their impact on the financial markets. It highlights the rising oil prices due to the conflict in Gaza and potential political instability. Money is moving into safe havens like gold and Treasury bonds. The article also mentions the impact of US sanctions on the export of AI technology and chips to China, with ASML Holding NV warning of a flat 2024 due to these sanctions. The Chinese economy is performing better than expected, while the Bank of Japan's policy shift could impact US stock and bond markets. The article also mentions negative money flows in several tech companies and ETFs.

Portfolio Pulse from The Arora Report

October 18, 2023 | 5:09 pm

KMX

CarMax Inc's shares are trading lower by around 4% after Needham analyst Chris Pierce reiterated a Hold rating on the stock. Pierce noted the used auto industry is becoming less fragmented as larger players expand shares. He is confident in CarMax's ability to boost share over the long term on Edmunds acquisition and the benefits of omnichannel and AI/ML investments. However, he remains cautious on near-term share gain, with CarMax having less leverage to 10+ year-old vehicles.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 5:04 pm

WBS

Webster Finl (NYSE:WBS) is set to release its latest quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $1.49. The company's stock performance has been generally negative over the last 52-week period, with shares down 20.21%. Last quarter, the company beat EPS estimates by $0.03, which was followed by a 1.45% drop in the share price.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:01 pm

MYFW

First Western Financial (NASDAQ:MYFW) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an EPS of $0.45. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $18.49, down 32.43% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:01 pm

STBA

S&T Bancorp (NASDAQ:STBA) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $0.90. The company's past performance shows a mixed trend of meeting or exceeding EPS estimates, with corresponding changes in share price. The stock is currently trading at $27.96, down 16.65% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:01 pm

SBUX

Unusual options activity has been observed for Starbucks (NASDAQ:SBUX), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 11 uncommon trades, with 63% bullish and 36% bearish sentiment. The whales have been targeting a price range from $80.0 to $105.0 for Starbucks over the last 3 months. Citigroup has maintained their Neutral rating on Starbucks with a price target of $104, while TD Cowen downgraded its action to Market Perform with a price target of $107.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:01 pm