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CAG

STZ

The CNN Money Fear and Greed index showed a slight increase in investor fear, remaining in the 'Extreme Fear' zone. U.S. stocks closed slightly lower as investors await a key jobs report. ConAgra Brands Inc (NYSE:CAG) and Constellation Brands Inc (NYSE:STZ) reported better-than-expected earnings. Most S&P 500 sectors closed negatively, with consumer staples and materials stocks recording the biggest losses.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:19 pm

TSLA

Tesla CEO Elon Musk defended his leadership role at the company, citing data showing Tesla's dominance in EV sales in the U.S. for the first half of 2023. Tesla outsold its 19 closest competitors, including Ford, Rivian, Volkswagen, and BMW, with 325,291 vehicle sales. This comes amid concerns about Musk's divided attention between his roles in various companies.

Portfolio Pulse from Anan Ashraf

October 06, 2023 | 12:16 pm

AMZN

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) is struggling to expand its footprint in India due to high subscription costs and limited local content. Despite reducing subscription costs, Netflix is lagging behind competitors Walt Disney Co (NYSE: DIS) Disney+ Hotstar and Amazon.Com, Inc (NASDAQ: AMZN) Prime Video. Netflix's subscriber base in India is approximately 6.5 million, compared to Prime Video's 20 million and Disney+ Hotstar's 40 million. Only 12% of Netflix's content caters to the local audience, compared to 60% of Prime Video's offerings.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:12 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) reported a less-than-expected decline in its Q3 revenue, thanks to robust demand from the AI sector. The company posted a revenue of $17 billion, an 11% drop from the previous year, yet surpassing the anticipated amount. TSMC's advanced packaging service is also witnessing increased demand, promising an uplift in sales even as the semiconductor industry grapples with an excess inventory.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 12:09 pm

SIMO

Silicon Motion Technology Corporation (NASDAQ:SIMO) has announced that its Q3 2023 sequential revenue growth is expected to be slightly above its original guidance range of 15%-20%. The company's gross margin (non-GAAP) is expected to be similar sequentially and in-line with the original guidance range. The company will release its Q3 2023 financial results on November 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:05 pm

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY) has announced a registered direct offering and concurrent private placement with a single U.S. institutional investor. The deal involves the sale of 2,265,000 shares of common stock at $1.10 per share, and warrants to purchase up to the same number of shares. The gross proceeds from the offering are expected to be approximately $2.5 million. The closing of the offering is expected to occur on October 10, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:02 pm

FCFS

HPQ

VRTX

ZM

Insiders at HP Inc. (HPQ), FirstCash Holdings, Inc. (FCFS), Zoom Video Communications, Inc. (ZM), and Vertex Pharmaceuticals Incorporated (VRTX) have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 12:01 pm

CARR

Analysts have provided various ratings for Carrier Global (NYSE:CARR) within the last quarter, with the majority being indifferent. The average price target is $57.07, implying an upside from the current price of $52.79. This average price target has increased by 9.46% over the past month.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 12:01 pm

LNG

Over the past three months, four analysts have published their opinions on Cheniere Energy (AMEX:LNG) stock, with three being bullish, one somewhat bullish, and none being bearish. The average 12-month price target for the stock is $195.5, an increase of 8.31% from the previous average price target of $180.5.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 12:01 pm

SIGI

Over the past 3 months, 5 analysts have published their opinion on Selective Insurance Gr (NASDAQ:SIGI) stock. The average price target is $104.2, implying a downside from the current price of $105.67. The majority of the analysts are indifferent about the stock, with 4 out of 5 giving it a neutral rating.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 12:01 pm