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BA

UAL

United Airlines executive has announced that the company expects to take delivery of 27 737 Max aircraft in Q4. This news was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:00 pm

EOG

EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years by 6.32% on an annualized basis, producing an average annual return of 13.73%. If an investor had bought $1000 of EOG stock 20 years ago, it would be worth $12,917.06 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 3:00 pm

DUK

Duke Energy's (NYSE:DUK) short percent of float has risen 12.84% since its last report, with 9.47 million shares sold short, which is 1.23% of all regular shares available for trading. It would take traders 2.12 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Duke Energy's peer group average for short interest as a percentage of float is 2.20%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 3:00 pm

HBARUSD

Hedera's (CRYPTO: HBAR) price rose 3.19% to $0.05 in the past 24 hours, continuing its positive trend over the past week with a 5.0% gain. The coin's all-time high is $0.57. Hedera's trading volume has climbed 147.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.38%. The current market cap ranking for HBAR is #31 at $1.60 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 3:00 pm

WGO

Winnebago Industries Inc (NYSE:WGO) reported a Q4 FY23 sales decline of 34.6% Y/Y to $771.0 million, missing the consensus of $784.33 million. The revenue was impacted by lower unit sales due to current market conditions, dealer efforts to reduce inventories, and higher discounts and allowances. The company's gross profit fell 39.4% Y/Y to $127.5 million, and operating income was down 53.4% Y/Y to $57.5 million. However, the adjusted EPS of $1.59 beat the analyst consensus of $1.35. The company's shares are down 2.83% at $56.94.

Portfolio Pulse from Lekha Gupta

October 18, 2023 | 3:00 pm

NCL

Northann Corp (NYSE:NCL) is set to start trading on the NYSE exchange under the ticker NCL on October 19. The company is offering shares at an expected price between $3.00 and $5.00 per share with an insider lock-up period of 180 days ending on April 16, 2024. Northann Corp is focused on additive manufacturing, commonly known as 3D printing, and the volume production of innovative building solutions.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 3:00 pm

JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported weaker-than-expected Q3 sales of $3.16 billion, a 17.59% decrease YoY, and earnings of $1.80 per share, a 29.96% decrease YoY. Following the announcement, the company's shares fell 8%. Analysts from BMO Capital, Raymond James, and Susquehanna revised their price targets on J.B. Hunt.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 2:59 pm

AAL

UAL

American Airlines Group Inc (NASDAQ:AAL) shares are trading lower due to uncertain guidance from United Airlines Holdings Inc (NASDAQ:UAL). United Airlines reported better-than-expected Q3 results but issued guidance that led to a selloff in the stock. American Airlines is set to report its Q3 financial results soon.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 2:58 pm

BABA

JD

TCEHY

Despite the bearish sentiment on Chinese consumer stocks, some investors believe that Alibaba Group Holding Limited (BABA), Tencent Holdings Limited (TCEHY, TCTZF), and JD.com (JD) might be oversold. This comes after new data shows that the Chinese economy is rebounding better than expected. Major banks have revised down price targets for these companies, but recent data shows growth in the Chinese economy and retail sales rebounding more than expected. Some analysts believe that the Chinese economy could bounce back significantly higher by the end of the year due to increased government stimulus efforts.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 2:56 pm

JBHT

JB Hunt Transport Services reported a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results. Following the announcement, multiple firms lowered their price targets for the company, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:55 pm