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AAL

ERJ

American Airlines Group Inc has signed a firm order for four new E175s from Embraer S.A. The contract value is $230.6 million and will be included in Embraer's 2023 Q3 backlog. The aircraft will be operated by American's subsidiary, Envoy Air, with deliveries slated for the fourth quarter of 2024. This will increase Envoy's all E-Jet fleet to over 150 aircraft by the end of 2024.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 3:44 pm

HFWA

Heritage Financial's shares are trading higher following the company's Q3 earnings per share (EPS) results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:43 pm

NUZE

NuZee Inc's shares have dropped by 46% to $2.77 following the company's pricing of a $1.275 million underwritten public offering of 425,000 shares at $3.00 per share. Maxim Group LLC is managing the offering, which is expected to close around October 20. NuZee's 52-week high is $21.35 and its low is $2.61.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:35 pm

NXU

Nxu, Inc. (NASDAQ:NXU) shares dropped by 40.3% after the company announced a public offering of 86 million shares of Class A common stock at a price of $0.035 per share. The company aims to raise around $3 million from this offering, with the closing date set for October 23. Maxim Group LLC is the sole placement agent for this offering.

Portfolio Pulse from Henry Khederian

October 19, 2023 | 3:31 pm

WNS

WNS (Holdings) Ltd's shares have fallen by around 18% after the company reported its Q2 FY24 results and lowered its FY24 outlook. The company reported revenue of $325 million, slightly missing the consensus of $325.56 million. Adjusted EPS of $1.09, up 16% Y/Y, topped the consensus of $1.03. WNS ended Q2 FY24 with cash and investments of $248.1 million and debt of $164.1 million. The company lowered the outlook for adjusted revenue to $1.254 billion-$1.300 billion and adjusted EPS to $4.04-$4.24.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 3:31 pm

Edwards Lifesciences (NYSE:EW) has outperformed the market over the past 15 years by 9.2% on an annualized basis, producing an average annual return of 20.42%. If an investor had bought $1000 of EW stock 15 years ago, it would be worth $16,181.57 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:30 pm

IEF

TYD

TYO

UTEN

XTEN

The yield on 10-year Treasury bonds has surged to 4.98%, the highest level since mid-July 2007. Analysts from Morgan Stanley and Goldman Sachs see this as a buying opportunity, expecting yields to decrease to around 4.2%-4.3%. ETFs tracking the 10-year Treasury bond include US Treasury 10 Year Note ETF (UTEN), iShares 7-10 Year Treasury Bond ETF (IEF), and BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN). Leveraged ETFs such as Direxion Daily 10-YR Treasury Bull 3X Shrs (TYD) and Direxion Daily 10-YR Treasury Bear 3X Shrs (TYO) also aim to amplify the returns of the underlying 10-year Treasury bonds.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 3:30 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has outperformed the market over the past 20 years, producing an average annual return of 11.57%. If an investor had bought $100 of IDXX stock 20 years ago, it would be worth $890.82 today. The company currently has a market capitalization of $35.16 billion.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:30 pm

JPM

JPMorgan Chase Inc.'s (NYSE:JPM) share price is currently at $145.98, after a 0.05% increase. Over the past month, the stock fell by 0.79%, but in the past year, it spiked by 19.43%. The company's P/E ratio is lower than the aggregate P/E of the Banks industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:30 pm

AIQ

NOK

SMH

TSLA

TSM

Tesla's stock is in a downtrend due to rising interest rates, despite the company's strong product lineup and competitive pricing. Taiwan Semiconductor's profits fell by 25%, but the company predicts a drop in industry inventory levels, indicating a potential buying opportunity in semiconductors. Two ETFs, Global X Artificial Intelligence & Technology ETF and VanEck Semiconductor ETF, are of special interest. The market is awaiting Fed Chair Powell's speech for clues on monetary policy. Jobless claims are lower than expected, indicating a strong job market. Nokia is laying off 14,000 employees. Money flows are positive in Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA, neutral in Apple, and negative in Tesla.

Portfolio Pulse from The Arora Report

October 19, 2023 | 3:29 pm