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MSFT

Ahead of Microsoft's Q1 earnings, analysts from Citi and Evercore ISI have reiterated their positive ratings on the company, citing potential growth in Azure and AI. Citi analyst Tyler Radke sees Microsoft accelerating total revenue and profitability, helped by stabilizing IT budget trends and new GenAI revenue streams. Evercore ISI analyst Kirk Materne expects Microsoft to deliver solid Q1 results that demonstrate some stabilization in the Azure business, with Y/Y growth of ~26% for Azure seeming realistic due to the uptick in demand for AI services.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 6:36 pm

AA

Alcoa's Q3 earnings per share (EPS) results were below expectations, and the company has issued Q4 guidance. BMO Capital has maintained a Market Perform rating on the stock but reduced its price target from $30 to $28.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:36 pm

CMCSA

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) reported strong Q3 results, with its biggest quarterly growth since Q2 2020, driven by a surge in subscribers and international content production. Despite the ongoing Hollywood strike, Netflix added 8.8 million subscribers and saw a 7.8% YoY increase in revenue to $8.542 billion. The company also raised prices for some of its subscription plans in the U.S., the U.K, and France. In contrast, The Walt Disney Company (NYSE:DIS) continues to struggle with big losses, labor strikes, and internal issues. Comcast Corporation (NASDAQ:CMCSA) was mentioned as a content provider for Netflix and a competitor to Disney in the streaming market.

Portfolio Pulse from Upwallstreet

October 19, 2023 | 6:35 pm

LCID

Lucid Group shares are trading lower as EV stocks drop following worse-than-expected Q3 financial results from Tesla.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:34 pm

SLG

SL Green Realty reported a year-over-year decrease in Q3 FFO results and worse-than-expected revenue results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:33 pm

RIVN

TSLA

Rivian shares are trading lower as EV stocks drop following worse-than-expected Q3 financial results from Tesla.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:33 pm

MS

BMO Capital Markets analyst James Fotheringham has reiterated the Outperform rating on Morgan Stanley (NYSE:MS), but trimmed the price target to $101 from $102. Despite Morgan Stanley's Q3 beat, Fotheringham lowered estimates due to lower Net Interest Income (NII) and higher credit costs. The analyst also raised provision forecasts due to higher credit losses on office CRE loans. Morgan Stanley's shares are trading lower by 1.82% to $73.52.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 6:33 pm

FL

NKE

Foot Locker Inc's shares have been volatile after Goldman Sachs analyst Kate McShane downgraded the stock to Sell from Neutral with a maintained price target of $18. The analyst is bearish due to the repositioning of the Champs Sports brand and believes Foot Locker's market share will be difficult to stabilize following allocation changes by Nike Inc. The company is closing underperforming stores and focusing on existing non-primary markets, which could result in customer loss.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 6:32 pm

WMB

Williams Companies Inc. (NYSE:WMB) stock has seen a 0.22% spike in the current session, a 6.82% increase over the past month, and a 13.36% increase over the past year. The company's P/E ratio of 15.99 is higher than the aggregate P/E ratio of 15.04 of the Oil, Gas & Consumable Fuels industry, indicating that investors expect the company to perform better in the future, but also suggesting that the stock might be overvalued.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 6:30 pm

TJX

TJX Companies (NYSE:TJX) has outperformed the market over the past 20 years, producing an average annual return of 15.19%. If an investor had bought $100 of TJX stock 20 years ago, it would be worth $1,749.13 today. The company currently has a market capitalization of $103.06 billion.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 6:30 pm