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CMC

Commercial Metals Company reported mixed Q4 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:39 pm

CLPR

FTHM

NTST

RDFN

RMAX

The article lists the top 5 oversold real estate stocks that could lead to significant gains in Q4. The stocks mentioned are Fathom Holdings Inc. (FTHM), RE/MAX Holdings, Inc. (RMAX), Redfin Corporation (RDFN), Clipper Realty Inc. (CLPR), and NETSTREIT Corp. (NTST). The companies are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 12:38 pm

INMD

InMode has issued Q3 guidance below estimates and lowered its full-year 2023 revenue guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:37 pm

OPGN

OpGen Inc's stock is trading higher following two SEC filings. The company received an advanced payment of €750,000 related to the sale of Unyvero A50 systems by Curetis to a strategic partner. OpGen also announced a Preferred Stock Purchase Agreement to acquire 1,000 shares priced at $1,000 each, with gross proceeds of $1 million. The stock is gaining on heavy volume, with shares up 578.6% at $2.28 during the premarket session.

Portfolio Pulse from Vandana Singh

October 12, 2023 | 12:36 pm

CMC

Commercial Metals Company (NYSE:CMC) reported Q4 FY23 sales of $2.209 billion, beating the consensus of $2.180 billion, but revenues fell 8.2% Y/Y due to lower new contract awards. Adjusted EPS of $1.69 missed the consensus of $1.81. The company expects weaker Q1 compared to Q4 due to seasonally lower shipments, steel product margin compression in North America, and challenging market conditions in Europe. CMC shares are trading lower by 5.67% to $45.60 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 12:35 pm

SPY

The Core CPI (YoY) for September has met the estimated value of 4.1%.

Portfolio Pulse from Bill Haddad

October 12, 2023 | 12:31 pm

SPY

The USA Consumer Price Index (CPI) for September was reported at 3.7%, which is in line with the previous month and slightly above the estimated 3.6%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:30 pm

SPY

The USA Consumer Price Index (CPI) for September increased by 0.4%, beating the estimated 0.3% and higher than the previous month's 0.6%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:30 pm

SPY

The Core CPI (MoM) for September has met the estimated value of 0.3%.

Portfolio Pulse from Bill Haddad

October 12, 2023 | 12:30 pm

FAST

Fastenal's shares are trading higher following the release of its mixed Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:26 pm