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AutoZone, Stitch Fix, Apogee Enterprises, United States Steel Corporation, and Steelcase are the stocks to watch on Tuesday. AutoZone is expected to report quarterly earnings of $45.18 per share on revenue of $5.62 billion and announced leadership changes. Stitch Fix reported a wider-than-expected loss for its fourth quarter, while sales topped estimates. Apogee Enterprises is expected to have earned $1.12 per share on revenue of $372.01 million. United States Steel Corporation issued an upbeat profit forecast for the current quarter. Steelcase is expected to post quarterly earnings at 20 cents per share on revenue of $828.82 million.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 8:17 am

LCID

TSLA

Lucid Group's electric drive system has been praised by automotive engineer and tear-down expert Sandy Munro, who stated that it is the only system he has seen that can beat Tesla's drive motor. Despite facing challenges in ramping up production and selling its high-end EVs in a tough economic climate, Lucid has managed to keep operations going with the help of its Saudi promoters. The company's shares ended Monday's session down 4.73% at $5.64.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 7:55 am

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The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. The Federal Reserve is expected to keep rates on hold in its upcoming policy meeting. Canopy Growth Corporation entered into subscription agreements with institutional investors. The NAHB/Wells Fargo Housing Market Index fell for a second month. The S&P 500 and Dow Jones closed higher, while investors await earnings results from AutoZone, Apogee Enterprises, and Steelcase.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 7:21 am

DAVA

Endava plc (NYSE:DAVA) is expected to report lower Q4 earnings at 56 cents per share, down from 61 cents per share a year ago. The company's revenue might be $233.43 million, up from $217.44 million in the year-ago period. Endava shares fell 2.3% to close at $51.00 on Monday. Analysts from Morgan Stanley, Deutsche Bank, Citigroup, and Wedbush have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 6:45 am

TSLA

Elon Musk, CEO of Tesla, Inc. (NASDAQ:TSLA), met with Israeli Prime Minister Benjamin Netanyahu to discuss artificial intelligence technology. The meeting was broadcast live on social media platform X. Netanyahu and his wife were given a tour of Tesla’s Fremont factory and a ride in the yet-to-be-launched Cybertruck. Tesla's stock closed down 3.32% at $265.28 on Monday.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 6:35 am

TSLA

In his upcoming biography, Elon Musk criticizes short-sellers, recalling a period in 2018 when Tesla was the most-shorted stock. He accuses them of having inside information and using drones for real-time monitoring of Tesla's factories. Despite the criticism and short-sellers, Tesla's stock has more than doubled this year and increased nearly ten-fold since 2020, taking the company's market capitalization above $850 billion.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 6:33 am

STLA

The ongoing strike by United Auto Workers (UAW) has entered its fourth day, and CNBC's Jim Cramer warns that Ford Motor Company may resort to a lockout. Ford, which has the most UAW members among Detroit’s Big Three automakers, temporarily laid off nearly 600 employees at its Michigan Assembly Plant due to the strike. The stalled negotiations occur as Ford, GM, and Stellantis are racing to boost their electric vehicle production amidst a price war. Ford’s CEO, Jim Farley, expressed last week that UAW demands could bankrupt the company.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 6:30 am

TSLA

Ark Invest founder Cathy Wood has expressed her bullish stance on Tesla, Inc. (NASDAQ:TSLA), particularly in relation to the company's potential in autonomous driving technology. She stated that a third of Tesla's bear-case 2027 price target of $1,400 is associated with EVs and scaling them, while two-thirds is around autonomous and autonomous taxi platforms. Wood also highlighted Tesla's leading position in the U.S. in terms of autonomous driving and robotaxi platforms, and noted that the risks surrounding Tesla’s autonomous driving tech and robotaxis are decreasing.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 6:03 am

LLAP

Terran Orbital has priced its public offering of 23.21 million common shares and warrants at $1.40 per share, raising $32.5 million.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:25 am

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NIO

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US stocks showed a positive trend on Monday with Dow Jones, NASDAQ, and S&P 500 all experiencing a rise. Five stocks that gained attention were NIO, PayPal, Block, Tesla, and Avinger. NIO's shares declined by 1.15% after announcing a proposed offering of $1 billion convertible senior notes. PayPal's stock decreased by 1.98% with varied analyst ratings. Block's shares saw a decline of 3.01% following a CEO transition announcement. Tesla's shares dropped by 3.32% after Goldman Sachs cut its earnings estimates. Avinger's stock surged by 46.97% following the commercial launch of its Tigereye ST system.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 3:38 am