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BDC

Belden Inc has disclosed its Q3 FY23 preliminary results, reducing its revenue expectations from $675 million-$690 million to $625 million due to weaker-than-expected end-demand in both segments. The company also reduced the higher end of its previous adjusted EPS outlook from $1.75-$1.85 to $1.75-$1.77. Belden's shares closed lower by 16.03% at $80.00 after-hours on Thursday.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 1:27 pm

HTOO

RBC Capital analyst Erwan Kerouredan has maintained a 'Sector Perform' rating on Fusion Fuel Green (NASDAQ:HTOO) but lowered the price target from $7 to $3.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:27 pm

STKL

SunOpta has announced the sale of certain frozen fruit assets to Nature's Touch for $141 million and issued preliminary Q3 results. This has led to a rise in SunOpta's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:26 pm

Citigroup Inc reported a 9% YoY net revenue growth in Q3 FY23 to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 also beat the consensus of $1.21. The company's Institutional Clients Group revenue and Personal Banking and Wealth Management revenue increased by 12% and 10% respectively. However, Legacy Franchises' revenues decreased by 13%. Net income for the quarter was $3.55 billion, up 2% YoY. The company reiterated its FY23 adjusted revenue outlook of $78 billion - $79 billion.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 1:24 pm

BYDDY

NIO

XPEV

Nio Inc. (NYSE:NIO) has entered the insurance business by acquiring Anhui-based Huiding Insurance Broker Company Limited, now renamed as Nio Insurance Broker Company Limited. This move aligns Nio with other Chinese EV manufacturers like Li Auto Inc (NASDAQ:LI), BYD Company Limited (OTC:BYDDY), and Xpeng Inc (NYSE:XPEV) who have their own insurance subsidiaries. Nio's sales have been increasing, delivering 50% more vehicles in September in China than the previous year.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 1:23 pm

EHang Holdings (NASDAQ:EH) shares are trading higher after the company obtained a type certificate for the EH216-S passenger-carrying UAV system issued by the Civil Aviation Administration of China. The certificate simplifies the company's ability to get similar certificates for commercial operation in the U.S., Europe, and Southeast Asia. The company plans to expand overseas next year.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 1:18 pm

GLD

UUP

The escalating conflict in Gaza Strip has led to increased risk aversion in global markets. Israel's Defense Forces have issued an evacuation mandate for the northern sector of Gaza, which could affect over 1 million Palestinians. This has led to a surge in safe-haven assets, with Treasuries rallying and yields retracting. Gold, as tracked by the SPDR Gold Trust (GLD), saw a 1.6% uptick, while the U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), held steady. The Israeli shekel fell 0.6% against the dollar. Amid the turmoil, oil prices surged by over 3.5%.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 1:18 pm

UNH

UnitedHealth Group executive has stated that the company expects to add an additional 1 million people to its commercial insurance business in 2024. The company remains confident in its long-term growth objective of 13% to 16%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:12 pm

AAPL

GEN

GLD

JPM

MSFT

NFLX

NVDA

QQQ

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of October 13, 2023. The stocks mentioned include AAPL, CSE:OIL, GEN, GLD, JPM, MSFT, NFLX, NVDA, QQQ, and TSLA.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:11 pm

PGR

Progressive Corporation's shares are trading higher following the release of their Q3 results.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:09 pm