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BGC

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UAL

Several US-listed stocks traded lower in Wednesday's pre-market session. BGC Group, Inc. (BGC) fell 6.2%, Genmab A/S (GMAB) declined 5.6%, United Airlines Holdings, Inc. (UAL) fell 4.9%, AstraZeneca PLC (AZN) fell 3.1%, Interactive Brokers Group, Inc. (IBKR) fell 2.9%, Lithium Americas Corp. (LAC) declined 2.7%, and Baidu, Inc. (BIDU) declined 2.7%. Factors influencing these movements include earnings reports, product approvals, and analyst ratings.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 10:05 am

ASML

ASML Holding NV reported Q3 FY23 net sales of €6.67 billion ($7.26 billion), missing the consensus of $8.53 billion. The company's Q3 net bookings were €2.60 billion, down from €8.92 billion a year ago. However, the gross margin increased to 51.9% due to DUV product mix and one-off costs impacts. The company also announced an interim dividend of €1.45 per share and repurchased around €100 million worth of shares. ASML expects 2024 to be a transition year with similar revenue to 2023.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 9:59 am

HYMTF

TSLA

Hyundai has announced a reduction in lease rates on its IONIQ 5 and IONIQ 6 electric vehicles (EVs), offering some of the lowest rates since their launch. The lease prices of these vehicles are dropping by $50 monthly, starting at approximately $229 per month. This price reduction comes after Tesla Inc. recently lowered its Model 3 lease price by up to $100 to $329 with $5,524 down. Hyundai's electric vehicles have been gaining traction in the U.S. market, with the company setting a September record with EV sales soaring 203%.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 9:45 am

SQM

B of A Securities analyst Isabella Simonato has downgraded Sociedad Quimica Y Minera (SQM) from Neutral to Underperform and set a price target of $59.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:42 am

AAPL

Taiwan Semiconductor Manufacturing Company (TSMC), a key supplier for Apple Inc., is reconsidering the location for its upcoming 1nm chip factory due to opposition from local residents. The company is exploring alternate sites within Taiwan. This comes amidst TSMC's growing confidence in Japan, where it plans to start chip production in 2024. TSMC recently faced a 13.4% on-year drop in September sales, part of a larger trend affecting Apple and its key suppliers.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 9:13 am

BRK

MITSY

Mitsui & Co., a leading Japanese trading house, warns that global demand for liquefied natural gas (LNG) will likely exceed supply expectations. The company, backed by Warren Buffett's Berkshire Hathaway, is deeply involved in fossil fuels and is focusing on diversifying its energy sources. Mitsui plans to increase dividends when their base profit earnings power rises.

Portfolio Pulse from Benzinga Neuro

October 18, 2023 | 9:07 am

VGK

The Eurozone Consumer Price Index (CPI) for September was reported at 4.3%, matching the estimated figure but lower than the prior figure of 5.2%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:02 am

VGK

The Eurozone Consumer Price Index (CPI) for September was reported at 0.3%, in line with estimates but lower than the 0.5% reported in the previous month.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:02 am

VGK

The Eurozone Core Consumer Price Index (YoY) for September was reported at 4.5%, in line with estimates but lower than the previous figure of 5.3%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 9:01 am

ETHUSD

Reddit plans to phase out its crypto-powered 'Community Points' reward tokens by November 8, leading to a significant drop in the value of the tokens MOON and BRICK. The decision raises questions about Reddit's shift away from one of its core crypto integrations. At the time of writing, Ethereum (ETH), the network on which the tokens were initially minted, was trading at $1,568.64, down 0.31% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 18, 2023 | 8:48 am