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EIS

A senior Hamas armed commander, Ayman Nofal, has been killed in an Israeli air strike in Gaza, according to Reuters. The article may mention the iShares MSCI Israel ETF (EIS).

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:27 pm

FTRE

LH

Activist hedge fund Starboard Value has acquired an 8.7% stake in contract-research organization Fortrea Holdings Inc. (NASDAQ:FTRE). Starboard plans to push for changes to boost margins and share-price appreciation. Fortrea recently completed its spinoff from Laboratory Corporation Of America Holdings (NYSE:LH). Starboard believes that Fortrea did not operate optimally under Labcorp due to its smaller scale. The news led to a 3.29% increase in FTRE shares in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 1:23 pm

GS

Goldman Sachs Group Inc (NYSE:GS) reported a 33% fall in Q3 profit due to the impact of a fintech sale, with trading and investment banking remaining stagnant. The bank's Q3 EPS was $5.47, down from $8.25 a year ago, but beat the consensus of $5.31. Net revenues were $11.82 billion, almost in line with Q3 FY22. The bank took a $506 million write-down on GreenSky, adding to a $1.4 billion hit linked to the business in Q2. GS shares are down 0.20% at $313.75 during the premarket session on the last check Tuesday.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 1:22 pm

SPY

The Manufacturing Production for September has increased by 0.4%, surpassing the estimated 0.1%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:20 pm

SPY

USA Industrial Production for September has been reported at 0.10%, lower than the prior figure of 0.25%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:19 pm

SPY

USA Industrial Production for September increased by 0.3%, beating the estimated 0.1% and the prior 0.0%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:19 pm

GM

The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into General Motors' (GM) self-driving unit, Cruise, over concerns about pedestrian safety. The NHTSA has logged reports of Cruise autonomous vehicles encroaching on pedestrians and causing injuries. This comes after GM was under scrutiny for a bus collision incident and reports of potentially explosive airbag parts in at least 20 million vehicles. GM shares are trading lower by 0.67% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 1:17 pm

XXII

22nd Century has announced the pricing of its $5.25M public offering of 10M units at $0.525 per unit.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:17 pm

FEZ

GLD

UUP

The Israel-Hamas conflict continues to escalate, with President Biden set to visit Israel and Jordan to address the humanitarian crisis and stand in solidarity against Hamas. German Chancellor Olaf Scholz and French President Emmanuel Macron are also expected to visit Israel. Meanwhile, investor risk sentiment has faltered, with the U.S. dollar index and gold prices rising, and equity indices across Europe falling. The Invesco DB USD Index Bullish Fund ETF (UUP), SPDR Gold Trust ETF (GLD), and SPDR DJ Euro Stoxx ETF (FEZ) are directly mentioned.

Portfolio Pulse from Piero Cingari

October 17, 2023 | 1:17 pm

NOK

Nokia Oyj (NYSE:NOK) shares are trading lower by 2.8% to $3.50 Tuesday morning in sympathy with Ericsson, which reported a third-quarter revenue miss. Ericsson's underperformance can raise concerns about the industry's health, impacting investor sentiment and perception of the industry, including companies like Nokia.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 1:16 pm