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HRL

Hormel Foods Corp (NYSE:HRL) reported a Q4 FY23 sales decline of 2.6% Y/Y to $3.198 billion, missing estimates. Adjusted EPS of $0.42 also missed estimates. Gross margin and operating income fell, while SG&A expenses rose. The company forecasts lower FY24 earnings due to challenges in turkey markets and China business, expecting a decline in H1 earnings. HRL shares dropped 1.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 29, 2023 | 2:30 pm

FREY

Freyr Battery (NYSE:FREY) shares are experiencing an uptick following an operations update where the company reported successful automated cathode casting runs, a critical step towards starting automated production at its plant. The positive update comes shortly after Freyr announced organizational changes to enhance long-term shareholder value.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 2:29 pm

FTCH

Farfetch shares are trading lower after the company announced it will not release its Q3 results as previously scheduled.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:26 pm

CRWD

Cantor Fitzgerald analyst Jonathan Ruykhaver has maintained an Overweight rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $180 to $240.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:26 pm

SCBFY

Standard Chartered (OTC:SCBFY) predicts Bitcoin (CRYPTO: BTC) will reach $100,000 by 2024, citing increased market dominance and potential approval of spot ETFs for BTC and ETH in Q1 2024. The upcoming Bitcoin halving event in April 2024 is also expected to drive prices up. Bitcoin's price recently surpassed $38,000, influenced by positive inflation data and Federal Reserve policy. The COP28 will feature a Bitcoin mining delegation, indicating Bitcoin's growing relevance in global discussions.

Portfolio Pulse from Khyathi Dalal

November 29, 2023 | 2:25 pm

LESL

Leslie's reported mixed Q4 financial results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:25 pm

ROVR

Rover (ROVR) shares surged following the announcement of its acquisition by Blackstone in a deal valued at $2.3 billion.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:25 pm

FL

Foot Locker's stock is trading higher following the release of their Q3 financial results, which surpassed expectations. The company also provided updated guidance.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:21 pm

HTLF

Keefe, Bruyette & Woods analyst Damon Delmonte has maintained a 'Market Perform' rating on Heartland Financial USA (NASDAQ:HTLF) and increased the price target from $34 to $35.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:20 pm

FLNC

Fluence Energy's stock is trading higher following the release of their Q4 financial results and the announcement of their revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:20 pm