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BYND

Beyond Meat Inc (NASDAQ:BYND) is set to report its Q3 earnings on Nov. 8. The company's financial position is challenging with a high cash burn rate, declining revenue, and $1.14 billion in convertible notes maturing in 2027. The stock is down about 50% over the past year and has a high short interest of over 40%. Analysts expect the company to report a negative 89 cents in EPS and $85.37 million in revenue. Recent price targets for the stock range between $3 and $5.

Portfolio Pulse from Surbhi Jain

November 08, 2023 | 5:41 pm

PLUS

ePlus reported its Q2 financial results and issued FY24 guidance, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:37 pm

BRP

BRP Group's shares have fallen following the release of their Q3 financial results. Wells Fargo has also downgraded the stock from Overweight to Equal-Weight and reduced its price target from $28 to $24.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:36 pm

BIIB

DRRX

DVA

DXCM

EXAS

LLY

MDT

MEDP

NVO

STVN

The article reports on the unusual options activity in the health care sector. Ten stocks are mentioned: LLY, DXCM, NVO, DVA, MDT, STVN, DRRX, EXAS, BIIB, and MEDP. The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

AAPL

ADBE

APP

FSLR

INTC

MSFT

NVDA

PLTR

SNOW

TWLO

Benzinga's options activity scanner has identified unusual trading activity in 10 information technology stocks. The stocks include NVDA, AAPL, MSFT, PLTR, SNOW, TWLO, INTC, ADBE, FSLR, and APP. The scanner tracks large transactions, often referred to as 'whale alerts', which can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

ABNB

CVNA

CZR

DKNG

LAZR

LCID

NIO

RIVN

TSLA

YETI

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. Bullish sentiment was observed in Tesla (TSLA), Lucid Group (LCID), DraftKings (DKNG), Carvana (CVNA), NIO Inc. (NIO), and Luminar Technologies (LAZR). Bearish sentiment was observed in Airbnb (ABNB), Caesars Entertainment (CZR), and Rivian (RIVN). Neutral sentiment was observed in YETI Holdings (YETI).

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

TSLA

As Tesla's Cybertruck Delivery Event approaches, a leaked picture shows three high-powered outlets in the Cybertruck's bed, capable of charging other electric vehicles at high speed. This feature is seen as a comparison to Ford's F-150 Lightning, which also includes power outlets. However, recent leaks of the Cybertruck's front trunk have not shown any outlets like those in the Ford F-150 Lightning.

Portfolio Pulse from Benzinga EV Insights

November 08, 2023 | 5:35 pm

DWAC

Ivanka Trump testified in the ongoing civil fraud trial against Donald Trump and the Trump Organization, stating she was not involved in the preparation of financial statements. New York Attorney General Letitia James alleges Ivanka was involved and benefited from the alleged scheme. The state is seeking $250 million in penalties and a ban on Donald Trump conducting business in New York. Digital World Acquisition Corp (NASDAQ:DWAC), set to take Trump Media & Technology Group public, saw its shares rise 1% amidst the trial.

Portfolio Pulse from Chris Katje

November 08, 2023 | 5:32 pm

CRCT

Cricut's shares are trading lower following the company's Q3 revenue results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:32 pm

CVX

OIH

SLB

XLE

XOM

XOP

Crude oil prices have dropped by 20%, entering a bear market, due to concerns of a global demand slowdown. This has impacted energy-related stocks, with the Energy Select Sector SPDR Fund (XLE), SPDR Oil & Gas Exploration and Production ETF (XOP), and VanEck Oil Services ETF (OIH) all experiencing declines. Chevron Corporation (CVX), Exxon Mobil Corp. (XOM), and Schlumberger N.V. (SLB) have also seen declines. However, the decline in energy-related stocks has increased the appeal of traditional valuation metrics, with several large-cap U.S. energy stocks now trading at levels below 10x.

Portfolio Pulse from Piero Cingari

November 08, 2023 | 5:32 pm