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TSLA

Tesla's Q3 total deliveries have increased by 27% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:10 pm

LVS

Las Vegas Sands (LVS) reported progress in recovery of travel and tourism spending in both Macao and Singapore during the quarter.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:10 pm

TSLA

Tesla has confirmed that the deliveries of its Cybertruck model are on schedule for later this year. The company also stated that it is making progress on its next-generation platform.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:09 pm

LFCR

Lifecore Biomedical, Inc. (NASDAQ:LFCR) has received a notice from Nasdaq for not complying with the Listing Rule 5250(c)(1) due to delayed filing of its Interim Report on Form 10-Q and Annual Report on Form 10-K. The company has submitted a plan to regain compliance and has until February 12, 2024, to file the reports. The notice does not immediately affect the company's listing or trading on the Nasdaq Global Select Market.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:07 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares traded lower due to rising Treasury yields and concerns of growing inflation and future rate hikes. The stock has been volatile recently, and the situation was exacerbated by President Joe Biden's announcement of an “unprecedented support package for Israel,” which caused 30-year yields to rise above 5% and yields on 10-year Treasuries to reach 4.9%, the highest level since 2007. In this period of high inflation and rising yields, discretionary stocks like DraftKings may be particularly impacted as consumers are likely to spend less on non-essential goods and services.

Portfolio Pulse from Ryan Gustafson

October 18, 2023 | 8:07 pm

TSLA

Tesla reported Q3 earnings of $0.66 per share, missing the analyst consensus estimate of $0.73 by 9.59%. This is a 37.14% decrease from the same period last year. The company also reported quarterly sales of $23.35 billion, missing the estimate of $24.38 billion by 4.23%. However, this is an 8.84% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:07 pm

TSLA

Tesla has reported its total production for Q3 2023 as 430,488 vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:06 pm

PPG

PPG Indus (NYSE:PPG) reported Q3 adjusted earnings of $2.07 per share, beating the analyst consensus estimate of $1.95 by 6.15%. This is a 24.7% increase from the same period last year. The company also reported quarterly sales of $4.64 billion, beating the analyst consensus estimate of $4.62 billion by 0.50%, a 3.94% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:06 pm

PLD

XLRE

The boom in housing construction driven by low-interest rates during the COVID-19 pandemic has ended due to higher rates, with the number of new building permits for multi-unit residential buildings dropping to a three-year low in September. Real estate stocks have not participated in 2023’s broad-market rally, with the Real Estate Select Sector SPDR Fund (NYSE:XLRE) down 8% year-to-date and Prologis Inc (NYSE:PLD) down about 6% YTD.

Portfolio Pulse from Aaron Bry

October 18, 2023 | 8:03 pm

NFLX

Netflix has projected its Q4 2023 revenue to be $8.692M, which is lower than the estimated $8.77B. The company's Q4 2023 EPS is expected to be $2.15, in line with estimates.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:03 pm