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Stock Prices

XOM

Truist Securities analyst Neal Dingmann has upgraded Exxon Mobil (NYSE:XOM) from Hold to Buy and raised the price target from $110 to $131.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:34 am

INFY

Infosys Limited has reduced its FY24 revenue growth guidance after reporting mixed Q2 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:25 am

DAL

QQQ

SPY

US stock futures indicate a higher open on Thursday, following four consecutive sessions of gains. Delta Air Lines reported strong quarterly results, boosting expectations of healthy corporate profits this earnings season. The upcoming release of the consumer price inflation report for September is likely to influence market direction. Traders are factoring in a Fed pause and likely rate cuts next year, according to Morgan Stanley’s Lisa Shalett. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.44% and the Invesco QQQ ETF gained 0.40%. Ford Motor Co. fell over 2% in premarket trading after the United Auto Workers union extended the strike to the company’s Kentucky plant.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 11:23 am

APRN

THRN

TWNK

The article identifies three overbought stocks in the consumer staples sector: Hostess Brands, Inc. (TWNK), Blue Apron Holdings, Inc. (APRN), and Thorne HealthTech, Inc. (THRN). All three companies have recently announced acquisition plans and have high Relative Strength Index (RSI) values, indicating they may be overvalued.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 11:23 am

USO

OPEC has maintained its 2023 and 2024 global oil-demand growth forecasts at 2.4 million barrels per day (B/D) and 2.2 million B/D respectively, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:23 am

USO

According to secondary sources cited by OPEC, crude output rose by 273,000 barrels per day in September, reaching 27.75 million barrels per day.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:18 am

GLD

SPY

UUP

US stock markets closed in the green on Wednesday, with the majority of sectors in the S&P 500 ending positively. Asian markets also closed higher on Thursday, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all seeing gains. European markets were also up, with the STOXX 600, Germany's DAX, France's CAC, and the UK's FTSE 100 all trading higher. Commodities were mixed, with crude oil and gold trading higher, but natural gas sliding. US futures were up, while the US Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

October 12, 2023 | 11:05 am

WBA

Walgreens Boots Alliance has projected its FY24 adjusted EPS to be between $3.20 and $3.50, which is lower than the consensus estimate of $3.73. The company also forecasts its sales to be between $141B and $145B, slightly below the consensus estimate of $144.36B.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:05 am

CTRN

HHH

NEOG

Insider trades were noted in Howard Hughes Holdings Inc. (HHH), Citi Trends, Inc. (CTRN), and Neogen Corporation (NEOG). HHH Director William Ackman acquired 93,390 shares at an average price of $69.29, costing around $6.47 million. CTRN's 10% owner Pleasant Lake Onshore Feeder Fund LP acquired 17,673 shares at an average price of $22.88, costing around $404,358. NEOG's CFO David Naemura bought 10,000 shares at an average price of $15.03, costing around $150,333.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 10:59 am

BSQR

Internet company Bsquare Corporation (NASDAQ:BSQR) announced that it will be acquired by IoT technology firm Kontron America for $1.90 per share, a 62% premium to the trailing 52-week volume-weighted average. The all-cash deal represents an implied equity value of approximately $38 million. Post-acquisition, Bsquare will become a privately held company and its shares will no longer be listed on any public market. The transaction is expected to close later in 2023.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 10:56 am