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STT

State Street (NYSE:STT) reported Q3 adjusted earnings of $1.93 per share, beating the analyst consensus estimate of $1.81 by 6.63%. However, the company's quarterly sales of $2.69 billion missed the analyst consensus estimate of $2.92 billion by 7.84%. This represents a 9.06% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:35 am

NTRS

Northern Trust (NASDAQ:NTRS) reported Q3 earnings of $1.49 per share, beating the analyst consensus estimate of $1.47 by 1.36%. However, this is a 17.22% decrease from the same period last year. The company's quarterly sales of $1.73 billion missed the analyst consensus estimate of $1.75 billion by 1.31%, marking a 1.60% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:19 am

IBKR

Interactive Brokers' shares are trading lower following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:19 am

FND

Floor & Decor Holdings (FND) shares are trading higher after the announcement that the company will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:18 am

BABA

JD

KWEB

NVDA

Alibaba Group Holding Limited (BABA) stock is trading lower in line with the broader index KraneShares CSI China Internet ETF (KWEB) after the U.S. imposed stricter restrictions on China's access to advanced artificial intelligence chips from American technology companies like Nvidia Corp (NVDA). JD.Com, Inc (JD) launched a four-hour express delivery in Hong Kong, increasing competition against Alibaba's logistics arm Cainiao. Alibaba.com is courting merchants from ByteDance-owned TikTok catering to Southeast Asia after suspending e-commerce activities in Indonesia.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 11:16 am

ARDX

Shares of Ardelyx have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:11 am

F

TSLA

Tesla CEO Elon Musk reacted to a report showing a significant number of unsold Ford F-150 Lightning trucks at dealerships. Data indicates that nearly 29% of all F-150 Lightning vehicles ever manufactured remain unsold. This contradicts Musk's previous commendation of Ford's EV strategy and the high demand for the F-150 Lightning. Ford has recently reduced its production capacity and introduced discounts on certain F-150 Lightning variants.

Portfolio Pulse from Anan Ashraf

October 18, 2023 | 11:11 am

TELL

VGAS

Tellurian Inc. (TELL) and Verde Clean Fuels, Inc. (VGAS) are identified as the most oversold stocks in the energy sector, presenting a potential buying opportunity. Tellurian recently secured a deal with Baker Hughes for the Driftwood LNG project, while Verde Clean Fuels reported a Q2 loss but is progressing towards the first commercial deployment of its STG+ process.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 11:08 am

UCBI

United Community Banks (NASDAQ:UCBI) reported Q3 adjusted earnings of $0.45 per share, in line with analyst consensus. However, this is a 40% decrease from the same period last year. The company's quarterly sales of $234.53M missed the analyst consensus of $242.93M by 3.46%, but it's a 1.22% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:03 am

SCL

Stepan (NYSE:SCL) reported Q3 adjusted earnings of $0.64 per share, missing the analyst consensus estimate of $0.82 by 21.95%. This is a 68.16% decrease from the same period last year. The company also reported quarterly sales of $562.23 million, missing the analyst consensus estimate of $619.48 million by 9.24%, a 21.82% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:03 am