Streetbeat News

Stock Prices

CERE

LW

RMAX

Insiders at Cerevel Therapeutics Holdings, Inc. (CERE), Lamb Weston Holdings, Inc. (LW), and RE/MAX Holdings, Inc. (RMAX) have recently made notable purchases of their companies' stocks. CERE Director Joseph Edelman acquired shares worth around $20 million, LW Director William Jurgensen bought shares costing approximately $253,050, and RMAX 10% owner Magnolia Group LLC purchased shares for around $563,091.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 11:03 am

NIO

Chinese electric vehicle (EV) manufacturer NIO Inc. is reportedly considering the establishment of a dealer network in Europe to boost sales growth. The move is part of NIO's strategy to mitigate potential tariffs on Chinese EVs in the region. The company is also planning to introduce a more budget-friendly EV brand, 'Firefly', in Europe by 2025. NIO's decision to use dealers is aimed at easing cash pressure as it prioritizes expenditure on research and battery swapping stations in China.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 10:59 am

USB

U.S. Bancorp reported Q3 earnings of $1.05 per share, beating the analyst consensus estimate of $1.04 by 0.96 percent. However, this is a decrease of 11.02 percent from the same period last year. The company's quarterly sales were $7.00 billion, missing the analyst consensus estimate of $7.01 billion by 0.14 percent, but showing an increase of 11.18 percent from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:49 am

FHN

First Horizon (NYSE:FHN) reported Q3 adjusted earnings of $0.27 per share, beating the analyst consensus estimate of $0.25 by 8%. However, this is a 38.64% decrease from the same period last year. The company's quarterly sales were $778.00 million, missing the analyst consensus estimate of $801.16 million by 2.89%, and marking an 11.09% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:44 am

MT

ArcelorMittal's stock has been downgraded from Buy to Neutral by B of A Securities, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:44 am

GSAT

PL

UFO

The recent Israel-Hamas conflict has highlighted the critical role of space technology in communication, navigation, and national security. Companies like Planet Labs PBC and Globalstar, Inc. have been directly involved in the crisis, providing high-quality imaging and satellite communications respectively. Investors can invest in the space industry through thematic funds like ProcureAM's Space ETF.

Portfolio Pulse from Johnny Rice

October 18, 2023 | 10:43 am

CFG

Citizens Financial Group's shares are trading lower after the company reported a miss on its Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:41 am

UAL

United Airlines reported Q3 results and issued guidance, stating that Q4 EPS could be as low as $1.50 if Tel Aviv flight suspensions last through year end. This news led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:40 am

ASML

ASML Holding reported mixed Q3 earnings, leading to a drop in its share price. The company anticipates 2024 to be a transition year and is adopting a more conservative outlook.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:39 am

VLVLY

Volvo AB reported Q3 FY23 sales growth of 15% Y/Y and 9% Y/Y (adjusted for currency) to SEK 132.4 billion ($12.24 billion). Net sales in the truck business rose 13% Y/Y to SEK 89.9 billion. Order intake of new trucks declined by 27% Y/Y, while deliveries increased by 4% Y/Y. The adjusted operating income for the quarter jumped 61% Y/Y to SEK 19.114 billion, and the adjusted operating margin expanded to 14.4% from 10.3% a year ago. EPS of SEK 6.93 in the quarter increased from SEK 4.24 last year.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 10:39 am