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PLUG

Plug Power Inc (NASDAQ:PLUG) shares are moving lower as multiple analysts cut price targets on the stock. The company recently issued a long-term revenue outlook, expecting $6 billion in revenue in 2027 and $20 billion in 2027. The company is expected to report a loss of 30 cents per share and revenue of $259.65 million in its third-quarter financial results.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:39 pm

SPRC

Shares of SciSparc have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:39 pm

TLRY

Tilray Brands' CEO, Irwin Simon, expressed his views on the cannabis industry, stating that US consumers are confused about cannabis regulation. He noted that Tilray does not sell marijuana products in the US due to federal laws, but has expanded its focus to spirits, beer, and food, in addition to its medical marijuana operations in Europe. Simon also expressed hope that the US will learn from Canada's experience with legalizing recreational cannabis. Tilray shares were trading 0.96% lower at $2.06 per share when the market opened on Wednesday.

Portfolio Pulse from Nina Zdinjak

October 18, 2023 | 1:38 pm

REE

REE Automotive Ltd. (NASDAQ:REE) reported a 30% growth in its initial order book value since August end, reaching a total combined order value of approximately $25 million. The company is expanding its Authorized Dealer Network with three new dealers in Wisconsin, Illinois, and California. REE is progressing towards full vehicle certification with expected first customer deliveries by the end of 2023 and a production plan of up to 300 P7 trucks in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 1:37 pm

SPRC

Shares of SciSparc (SPRC) were halted on a circuit breaker to the upside, but the stock is now down by -2.06%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:35 pm

ABT

Abbott Laboratories reported Q3 FY23 adjusted EPS of $1.14, beating the consensus of $1.04. Q3 sales of $10.1 billion decreased 2.6%, beating the consensus of $9.32 billion. Despite a decrease in COVID-19 testing-related sales, the company saw growth in its four major businesses. Abbott has raised its FY23 adjusted EPS outlook to $4.42-$4.46 from $4.30-$4.50. ABT shares are up 4.27% in premarket trading.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 1:25 pm

MA

V

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) shares are moving lower following reports that the Federal Reserve is planning to lower the fees merchants pay on debit card transactions. The Fed is expected to submit a proposal that would lower the fees, which have not been changed since 2011. Visa processed more than $14 trillion in total transactions in 2022, while Mastercard processed more than $8 trillion.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:23 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) reported Q3 results with total operating revenue of $14.48 billion, up 12.5% YoY, beating consensus estimates of $14.44 billion. Adjusted quarterly earnings were $3.65 per share, surpassing estimates of $3.39 per share. However, the company warned that Q4 earnings could be as low as $1.50 per share, compared to $3.65 in Q3. This warning led to a drop in UAL's share price.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:22 pm

GLD

NFLX

TSLA

The ongoing Israel-Hamas conflict has led to a surge in commodity prices, with gold, oil, and natural gas all seeing increases. The SPDR Gold Trust ETF (GLD) rose 1.4% to $1,950/oz, while oil surged 0.6% to $86.8 a barrel due to the risk of Iran's oil embargo on Israel. Natural gas prices also rose nearly 5% in Europe. Meanwhile, futures on the S&P 500 index were 0.4% lower. Traders are awaiting key earnings reports from Netflix Inc. (NFLX) and Tesla Inc. (TSLA).

Portfolio Pulse from Piero Cingari

October 18, 2023 | 1:20 pm

TGL

Treasure Global announced the development of an AI robot designed to conduct extended-hour live commerce sessions on TikTok, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:18 pm