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PGR

Progressive's Q3 earnings per share of $2.09 beat the analyst consensus estimate of $1.72 by 21.51%, a 301.92% increase from the same period last year. However, the company's quarterly sales of $14.89 billion missed the analyst consensus estimate of $15.46 billion by 3.66%, though it's a 20.12% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 12:59 pm

AXON

CHPT

LAZR

NVTS

PHAT

RTX

TSM

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', has given his recommendations on several stocks. He advises against buying ChargePoint Holdings (CHPT), Phathom Pharmaceuticals (PHAT), Navitas Semiconductor (NVTS), and Luminar Technologies (LAZR) due to their financial losses. He also recommends caution with RTX Corporation (RTX) due to issues with their commercial business. However, he speaks positively about Taiwan Semiconductor Manufacturing Company (TSM) and Axon Enterprise (AXON), recommending the latter for purchase.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:55 pm

NVO

Novo Nordisk has raised its sales and operating profit outlook for 2023, following a 38% growth in Q3 sales and a 47% growth in Q3 operating profit. The updated outlook primarily reflects higher FY expectations for Ozempic and Wegovy volumes sold in the U.S. and gross-to-net sales adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:55 pm

DG

EH

JD

EHang has obtained a type certificate for its EH216-S Passenger-Carrying UAV System from the Civil Aviation Administration of China. Dollar General shares are trading higher after the company updated its financial guidance for FY23 and announced Todd Vasos as the new CEO. JD.com shares are trading lower due to rumors of an arrest of a businessman with the same surname as the company's chairman and multiple analysts downgrading the stock and lowering their price targets.

Portfolio Pulse from ryanfaloona@benzinga.com

October 13, 2023 | 12:39 pm

PFIN

Trading of P & F Industries Inc Class A shares (PFIN) will resume at 9:00 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:38 pm

PFIN

P&F Industries, Inc. (NASDAQ:PFIN) has announced a definitive agreement to be acquired by ShoreView Industries in an all-cash transaction for $13.00 per share, a 97% premium to the closing stock price on October 12, 2023. The transaction, approved by the P&F Board of Directors, is expected to close in Q4 2023, subject to approvals and consents. Post-acquisition, P&F will become a wholly owned subsidiary of ShoreView and will no longer be listed on any public market.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:34 pm

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) has announced the pricing of a public offering of 150,000 units, each consisting of one share of the Company's Series J Convertible Redeemable Preferred Stock and one warrant to purchase half a share of the same. The offering is expected to close on October 17, 2023. The gross proceeds from the offering are expected to be approximately $2.25 million, which Nuwellis intends to use for working capital and general corporate purposes.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 12:33 pm

C

Citigroup's shares are trading higher following the release of their Q3 earnings report.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 12:32 pm

AMZN

CSCO

PANW

VNQ

On CNBC's 'Halftime Report Final Trades', Stephanie Link of Hightower named Amazon as a good investment due to the success of Prime Day and AWS stabilization. Jim Lebenthal of Cerity Partners recommended Cisco Systems, citing its growth and recent acquisition of Splunk Inc. Jason Snipe of Odyssey Capital Advisors named Palo Alto Networks as his final trade, following its alliance with Kyndryl. Shannon Saccocia of Boston Private picked Vanguard Real Estate Index Fund. All stocks mentioned saw slight increases in their share prices.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:32 pm

SPY

The USA Import Price Index for September has been reported at 0.1%, lower than the expected 0.5% and the prior figure of 0.6%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:30 pm