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VLRS

Volaris has revised its FY23 revenue guidance downwards from a range of $3.2B-$3.4B to approximately $3.2B.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 2:28 pm

EIS

Hamas has fired hundreds of rockets towards Ashkelon, Israel, according to CNN. The news may have implications for the iShares MSCI Israel Capped ETF (EIS).

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:28 pm

AKRO

Akero Therapeutics Inc (NASDAQ:AKRO) reported a 36-week analysis of SYMMETRY, a 96-week Phase 2b study of efruxifermin (EFX) in patients with compensated cirrhosis due to nonalcoholic steatohepatitis (NASH). The drug was not statistically significant in improving liver scarring without worsening of NASH, causing shares to tumble. However, statistically significant rates of NASH resolution and improvements in non-invasive liver injury and fibrosis markers were observed in EFX-treated groups.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:28 pm

GCT

Culper Research has commented on GigaCloud Technology's response to a short report, stating that it remains short on the company. This information was shared via a tweet.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 2:27 pm

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is set to release its Q3 2023 financial results on Oct. 12, 2023. Analysts predict earnings of $3.30 per share, up from $2.79 per share in the same period last year, and revenue of $1.05 billion, slightly down from $1.06 billion last year. The company's shares closed at $350.14 on Monday, up 2.5%. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 2:25 pm

NEOG

Neogen Corporation reported Q1 FY24 sales of $229 million, missing the consensus of $231.1 million. The company's adjusted EPS of 11 cents also missed the consensus of 12 cents. Despite this, the company continues to anticipate FY24 revenue of $955 million-$985 million. William Blair reiterated the Outperform rating for Neogen, but the company's shares are down 2.36%.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:25 pm

MAXN

Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has lowered its Q3 FY23 guidance due to reduced shipments to its largest US customer and a global slowdown in demand. The company also plans to restructure its operations, including a 15% reduction in global headcount and a shift in manufacturing capacity in the Philippines. Despite the news, MAXN shares are up 0.94%.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

BMWYY

BMW reported a 5.8% YoY increase in Q3 deliveries for 2023, with 621,699 vehicles delivered. Sales of fully-electric BMW and MINI vehicles rose by 79.6% YoY to 93,931 units. Sales in China fell by 1.8%, while they rose by 7.8% in the U.S. and 12.9% in Europe. The company expects strong delivery growth in FY23, with electric vehicles expected to account for 15% of total vehicle sales. BMWYY shares closed higher by 1.45% at $33.85 on Monday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

CMCSA

Comcast's (NYSE:CMCSA) short percent of float has fallen 7.41% since its last report, with 40.73 million shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Comcast. Compared to its peers, Comcast has less short interest as a percentage of float, with an average of 12.58%.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:15 pm

JCI

The short percent of float for Johnson Controls Intl (NYSE:JCI) has risen 9.68% since its last report, with 4.60 million shares sold short. This represents 0.68% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, JCI has less short interest as a percentage of float, with the average being 3.68%.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:15 pm