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SPY

USA existing home sales for September were reported at 3.96 million, beating the estimated 3.89 million and slightly below the prior figure of 4.04 million.

Portfolio Pulse from Happy Mohamed

October 19, 2023 | 2:00 pm

POOL

Pool Corp reported Q3 FY23 results with sales declining by 9% Y/Y to $1.474 billion, beating the consensus of $1.460 billion. EPS was down 27% Y/Y at $3.51, beating the consensus of $3.47. The company narrowed its FY23 EPS outlook to $13.15-$13.65. The company's shares are down 1.47% at $331.78.

Portfolio Pulse from Lekha Gupta

October 19, 2023 | 1:58 pm

LNN

NFLX

NNDM

PTCT

SUM

Several US-listed stocks recorded gains in Thursday's trading session. Notable movers include Lindsay Corporation, Netflix, PTC Therapeutics, Nano Dimension, Summit Materials, TROOPS, Chijet Motor Company, Minerals Technologies, Ultragenyx Pharmaceutical, Badger Meter, AT&T, SAP, Union Pacific, Las Vegas Sands, Taiwan Semiconductor Manufacturing Company, and American Airlines Group. The gains were largely driven by better-than-expected quarterly results, upgrades, and strategic agreements.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 1:57 pm

CSX

CSX Corporation (NASDAQ:CSX) is set to release its Q3 financial results on Oct. 19, 2023. Analysts predict a decrease in earnings per share and revenue compared to the previous year. The company's shares fell 2.2% on Wednesday. Several analysts have recently upgraded the stock and raised their price targets.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 1:56 pm

BMI

Badger Meter, Inc (NYSE:BMI) reported Q3 FY23 sales growth of 26% YoY to $186.2 million, beating the consensus of $179.1 million. EPS of $0.88 also beat the consensus of $0.81. Utility water sales increased 31% YoY, contributing to the sales increase. The company held $162.9 million in cash and equivalents and generated $31.4 million in operating cash flow. BMI shares were up 6.73% at $143.86 during early morning trading on Thursday.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 1:55 pm

Philip Morris International Inc (NYSE:PM) reported Q3 FY23 sales growth of 13.8% year-on-year to $9.14 billion, slightly missing the analyst consensus estimate of $9.17 billion. Cigarette and Heated Tobacco unit (HTU) shipment volume grew by 2.2% Y/Y, with Marlboro cigarette shipment volume decreasing by 1.6%. Revenue from smoke-free products increased 35.6% Y/Y to $3.3 billion. The company increased its regular quarterly dividend by 2.4% to $1.30 per share. PM shares are trading lower by 2.16% at $91.20.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 1:49 pm

AAPL

AMZN

MCD

NFLX

NVDA

QQQ

TLT

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 1:48 pm

AMZN

A significant number of investors have taken a bearish stance on Amazon.com (NASDAQ:AMZN), with 64% of detected trades indicating bearish expectations. The targeted price range for Amazon.com over the last 3 months has been $115.0 to $133.0. Several experts have downgraded their actions on Amazon, with price targets ranging from $160 to $180. The company's next earnings are expected to be released in 7 days.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 1:46 pm

ICU

MDAI

NXU

TSLA

US stocks edged higher following the release of jobless claims data. Tesla reported weaker-than-expected Q3 earnings and sales, missing Street consensus estimates. SeaStar Medical, Spectral AI, and Zapp Electric Vehicles saw significant stock increases, while Nxu, Grindrod Shipping, and Mullen Automotive experienced drops. Nxu announced a $3 million public offering, and Mullen Automotive filed a preliminary proxy statement for a reverse stock split.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 1:43 pm

ARKK

NVDA

Cathie Wood's ARK Invest, which manages nearly $60 billion in assets, avoided participating in the IPO of British chipmaker Arm Holdings due to concerns about overemphasis on AI and high valuation. Arm's stock has since declined about 20% from its all-time high. ARK Invest's flagship fund, Ark Innovation ETF (ARKK), has seen a 25% surge this year, driven by holdings in companies like Tesla, Shopify, and Coinbase. Wood recently purchased Rize ETF, a British thematic ETF provider, marking ARK Invest's entry into the European passive investment market.

Portfolio Pulse from Aditi Ganguly

October 19, 2023 | 1:35 pm