Streetbeat News

Stock Prices

LW

Lamb Weston has increased its FY24 EPS outlook from $4.95 - $5.40 to $5.47 - $5.92, which is higher than the estimated $5.35.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:36 pm

LW

Lamb Weston's shares are trading higher following the company's Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:35 pm

VFS

VinFast Auto reported Q3 financial results, indicating a 185.2% YoY increase in vehicle sales. This positive news has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:34 pm

BABA

Belgium's intelligence service is closely monitoring Alibaba Group Holding Ltd's European logistics hub due to concerns of potential espionage and data misuse. Alibaba's logistics subsidiary, Cainiao, is under scrutiny. The company established its presence in Liège, Belgium, in 2018. The Belgian State Security Service has intensified its monitoring of Alibaba's operations, focusing on software systems that gather sensitive economic data. Alibaba's shares traded lower by 0.75% at $83.45 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 12:32 pm

GRAM

Gold Flora Corporation (OTCPK: GRAM), a female-led cannabis company, has launched CURRENT, a new retail brand developed to meet market demand for curated flavor-focused craft flower. The product is now available at all 15 Gold Flora retail locations and statewide third-party retail distribution is expected to begin in November 2023. Gold Flora shares closed 1.56% lower at $0.16 per share.

Portfolio Pulse from Nina Zdinjak

October 05, 2023 | 12:32 pm

SP

Trading of SP Plus shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:31 pm

MO

NEE

SOFI

UPST

Jim Cramer, on CNBC's 'Mad Money Lightning Round', expressed his views on several stocks. He finds Upstart Holdings (UPST) too risky as it's losing money. He declined to recommend Altria Group (MO) due to personal reasons. He's not convinced about NextEra Energy (NEE). He's in favor of owning SoFi Technologies (SOFI) stock, but not trading it. SoFi gained 2.6%, NextEra lost 4.1%, Altria gained 1.3%, and Upstart rose 2.7% on Wednesday.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 12:31 pm

GLBS

REVG

The article identifies REV Group, Inc. (REVG) and Globus Maritime Limited (GLBS) as overbought stocks in the industrials sector, suggesting they may be overvalued. REV Group reported a Q3 FY23 sales growth of 14.3% YoY to $680 million, beating consensus. Globus Maritime has regained compliance with Nasdaq's minimum closing bid price.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 12:31 pm

PSNY

Swedish electric car brand Polestar Automotive Holding UK (NASDAQ:PSNY) reported a 50% Y/Y growth in Q3 deliveries to about 13,900 vehicles, largely due to increased sales of the higher-priced, upgraded Polestar 2. The company expects to deliver 60,000-70,000 vehicles in 2023 and anticipates higher margins for the rest of the year. Polestar plans to report Q3 FY23 results on November 8, 2023.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 12:27 pm

RIVN

Rivian Automotive has announced a $1.5 billion proposed green convertible senior notes offering. The company also reported preliminary Q3 revenue estimates. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:24 pm