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HAL

HUBS

MCD

TZOO

Insiders at Travelzoo (NASDAQ:TZOO), HubSpot, Inc. (NYSE:HUBS), McDonald's Corporation (NYSE:MCD), and Halliburton Company (NYSE:HAL) have recently sold shares. Travelzoo's 10% owner sold shares following weaker-than-expected Q2 results. HubSpot's Executive Chair sold shares after upbeat Q2 results. McDonald's CEO sold shares after better-than-expected Q2 results. Halliburton's EVP sold shares amidst questions about the company's trade relationship with Russia.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:24 am

EVGN

Evogene has received a Nasdaq minimum bid price notification, indicating that its stock price has fallen below the minimum required for continued listing.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:09 am

AVGO

CCG

KBH

NYAX

TVTX

UEC

VMW

Several US stocks traded lower in Thursday's pre-market session. Broadcom Inc. shares declined 7.1% following reports that Google is replacing Broadcom chips with those from Marvell Technology. Other stocks recording losses include Travere Therapeutics, Nayax Ltd, Cheche Group Inc., Uranium Energy Corp., C3.ai, Inc., VMware, Inc., and KB Home, despite the latter reporting upbeat earnings and sales results for its third quarter and increasing the full-year 2023 housing revenue forecast.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:05 am

DRI

Darden Restaurants has reiterated its FY24 financial outlook, expecting an adjusted EPS from continuing operations of $8.55-$8.85, which is in line with the estimated $8.74.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:04 am

FDS

FactSet Research Systems (NYSE:FDS) reported Q4 earnings of $2.93 per share, missing the analyst consensus estimate of $3.50 by 16.29%. This is a 6.39% decrease from the same period last year. However, the company reported quarterly sales of $535.80 million, beating the analyst consensus estimate of $535.28 million by 0.10%. This is a 7.31% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:01 am

AVGO

DRI

FDS

FDX

GOOG

KBH

MRVL

QQQ

SPY

The S&P 500 and Nasdaq are set to open lower due to high bond yields affecting tech and small-cap stocks. The 10-year Treasury note yield reached a 16-year high, which could reduce risk appetite, particularly in tech stocks. FedEx Corp. (NYSE:FDX) reported positive earnings. The SPDR S&P 500 ETF Trust (NYSE:SPY) slid 0.59% to $436.06 and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.72% to $361.92 in premarket trading. Stocks such as FedEx, KB Home, Inc. (NYSE:KBH), Broadcom, Inc. (NASDAQ:AVGO), Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Marvell Technology, Inc. (NASDAQ:MRVL), Darden Restaurants. Inc. (NYSE:DRI) and FactSet Research Systems, Inc. (NYSE:FDS) are in focus.

Portfolio Pulse from Shanthi Rexaline

September 21, 2023 | 10:57 am

DIA

QQQ

SPY

Following the Federal Reserve's decision to keep the federal funds rate between 5.25% and 5.5%, US and global markets experienced declines. Most S&P 500 sectors, the Dow Jones Industrial Average, the Nasdaq Composite, and Asian markets including Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Exchange all closed lower. European markets and commodities also traded lower, while US futures and the U.S. Dollar Index were down.

Portfolio Pulse from Akanksha Bakshi

September 21, 2023 | 10:46 am

UBS

UBS Group AG has reportedly terminated around 70% of the Hong Kong-based staff at Credit Suisse's securities research unit following the integration of operations. This follows UBS's plans to reduce at least 100 positions and axe roles like relationship managers in Hong Kong and Singapore that have been integrated from Credit Suisse. UBS shares are trading lower by 0.84% to $25.96 premarket on the last check Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 10:46 am

LMT

TSLA

A social media feud has erupted between Green Hills Software CEO Dan O’Dowd and Tesla CEO Elon Musk following the crash of a Lockheed Martin F-35 fighter jet in South Carolina. The F-35 employed the INTEGRITY-178 real-time operating system developed by Green Hills Software. O’Dowd defended the system's reliability and accused Musk of a smear campaign against him and his company. The cause of the crash is currently under investigation.

Portfolio Pulse from Anan Ashraf

September 21, 2023 | 10:45 am

SBUX

Starbucks Corp (NASDAQ:SBUX) announced a 7.5% increase in its quarterly cash dividend from $0.53 to $0.57 per share, effective from November 24, 2023. This raises the company's annual dividend rate to $2.28 per share. The company has been increasing its dividend consecutively each year over the past 13 years at a CAGR of approximately 20%.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 10:14 am