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INTC

Intel Corporation's shares are trading lower following the announcement by the Biden administration to cease shipments of advanced AI chips to China. The U.S. government has imposed new rules to prevent China from utilizing American AI technology for military objectives. This includes limitations on chip exports to China, Iran, and Russia, and the blacklisting of two Chinese chip manufacturers. The halt in chip shipments could signal a broader shift in U.S.-China trade relations, raising concerns about Intel's business prospects.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 2:30 pm

SPY

USO

USA Crude Oil Inventories reported a draw of 4.491 million barrels, significantly higher than the estimated draw of 0.300 million barrels and a reversal from the prior build of 10.176 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:30 pm

Cigna Group (NYSE:CI) has outperformed the market over the past 20 years, producing an average annual return of 16.13%. If an investor had bought $1000 of CI stock 20 years ago, it would be worth $20,040.20 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:30 pm

VMW

VMware (NYSE:VMW) has outperformed the market over the past 15 years by 4.04% on an annualized basis, producing an average annual return of 14.96%. If an investor had bought $100 of VMW stock 15 years ago, it would be worth $824.58 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:30 pm

AAPL

MSFT

NFLX

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, TSLA, NFLX, and NVDA. The analysis includes potential bullish and bearish scenarios for each stock, based on price levels, volume, and options flow. The memo also mentions limited housing data and Federal Reserve speakers during the New York session.

Portfolio Pulse from RIPS

October 18, 2023 | 2:18 pm

NDAQ

Nasdaq Inc's shares rose by 4% following the release of its Q3 FY23 results. The company reported a 6% Y/Y increase in revenue to $940 million, beating the consensus of $930.25 million. Adjusted EPS was $0.71 per share, up 4% Y/Y, surpassing the Street view of $0.68. The company declared a regular quarterly dividend per share of $0.22. Nasdaq also had $2.0 billion worth of shares remaining under the authorized repurchase program. The company updated its 2023 non-GAAP operating expense guidance to $1.785 billion-$1.805 billion.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 2:17 pm

DXCM

DexCom Inc.'s (NASDAQ:DXCM) stock price has spiked by 5.03% in the current market session to $84.54, despite decreasing by 8.78% over the past month and 10.45% over the past year. The company's P/E ratio of 93.59 is higher than the Health Care Equipment & Supplies industry average of 61.88, indicating that investors expect better future performance or that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:15 pm

CTRYF

EVGRF

FXI

JPM

LNGPF

SPY

SZENF

China's largest property developers, Country Garden Holdings Limited and China Evergrande Group, are facing financial difficulties. Country Garden missed a bond payment of $15.4 million and has $186 billion of liabilities. Its junk bonds are trading at around 4 cents on the dollar. Evergrande, with $327 billion in liabilities, faces liquidation at the end of the month. The situation is affecting the Chinese property market and the performance of China tracker funds such as the iShares China Large-Cap, which is down 10% year-to-date.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 2:14 pm

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) shares surged after the company reached an agreement with Boeing Co (NYSE:BA) to support production stability and issued guidance. Spirit anticipates Q3 revenue of $1.43 billion to $1.45 billion, up from $1.277 billion last year, driven by higher production volumes.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 2:11 pm

SCL

Stepan Company (NYSE:SCL) reported a Q3 FY23 sales decrease of 22% YoY, missing analyst consensus. Adjusted EPS also missed analyst consensus. Sales from Surfactants, Polymers, and Specialty Products fell significantly. The company attributes the lower selling prices to lower raw material costs, less favorable product/customer mix, and competitive pressures. The company also announced a 2.7% increase in its quarterly cash dividend. Despite the disappointing results, SCL shares are trading higher.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 2:03 pm