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DIA

IWM

QQQ

SPY

Major indexes have risen due to strength in the financial sector, following the release of quarterly earnings from multiple US banks.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:43 pm

RPTX

Repare Therapeutics (NASDAQ:RPTX) has reported positive initial data from its Phase 1 MYTHIC clinical trial evaluating lunresertib alone and in combination with camonsertib. The combination demonstrated anti-tumor activity across multiple tumor types and genotypes. The company will host a conference call and webcast to discuss these results.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:41 pm

BPTH

Shares of Bio-Path Holdings, Inc. (BPTH) were halted on a circuit breaker to the downside, but the stock is now up 110.6%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:40 pm

LendingClub Corp (LC) has released its preliminary Q3 results, reporting a revenue of $198-$200 million and a net income of $4-$5 million. The company also plans to cut its workforce by 14%, which is expected to result in annualized savings of $30-$35 million by Q2 2023. LC shares are trading higher by 6.59% in premarket trading.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 1:38 pm

SPY

Federal Reserve's Patrick Harker stated that there's always a chance of recession, but he does not anticipate a downturn in the near future. This statement could influence the performance of the SPY ETF, which tracks the S&P 500 and is often used as a barometer of the overall U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:38 pm

TTOO

Shares of T2 Biosystems (TTOO) have been halted on a circuit breaker due to a significant downside movement.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:36 pm

BDC

Belden has lowered its Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:35 pm

BTCUSD

ETHUSD

LDOUSD

RUNEUSD

TWTUSD

Bitcoin (BTC) edged higher but remained below the $27,000 level, while Ethereum (ETH) traded below the $1,600 mark. Loom Network (LOOM) was the top gainer over the prior 24 hours, while Mantle (MNT) was the biggest loser. The global crypto market cap fell to $1.05 trillion, recording a 24-hour decline of 0.1%.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:33 pm

Outset Medical, Inc. (NASDAQ:OM) shares are trading lower after the company announced preliminary Q3 revenue of $30.4 million, below the consensus estimate of $36.03 million. The company attributes the lower revenue to the impact of a recent FDA warning letter and a cautious outlook on capital spending. Outset now expects 2023 revenue to be approximately $130 million, below the consensus estimate of $144.62 million.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 1:33 pm

AAPL

CMTL

SAVA

TFC

TSLA

Comtech Telecommunications shares are trading higher by around 17%. Tesla's market share dips despite US EV sales climbing. Crypto market faces uncertainty due to 'Friday the 13th'. Ripple's Brendan Berry is using crypto to revolutionize cross-border payments. SEC may greenlight a spot Bitcoin ETF. Apple faces a class action lawsuit over AirTags. Kroger-Albertsons deal may face legal challenge in California. Boeing and Spirit AeroSystems accelerate inspection of 737 Max aircraft defect. Truist Financial charts a recovery path after 43% stock decline since its February peak. Alzheimer's-focused Cassava Sciences faces controversy as key collaborator accused of scientific misconduct.

Portfolio Pulse from Akanksha Bakshi

October 13, 2023 | 1:32 pm