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KBE

KRE

XLF

Bank of America analysts see a buying opportunity in U.S. bank stocks, which are trading at their lowest level compared to the S&P 500 index in over 80 years. The peak in interest rates could resolve many issues for the sector, potentially leading to a bear market bounce. The SPDR S&P Regional Banking ETF (KRE) was down 26% year-to-date but rose 10% since November. The SPDR S&P Bank ETF (KBE) was down 16%, while the Financial Select Sector SPDR Fund (XLF) was down only 2%. Bank of America suggests investors add exposure to banks if peak interest rates are in the past and there is no U.S. recession in 2024.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 5:03 pm

KNF

Knife River reported a year-over-year increase in Q3 EPS results, better-than-expected Q3 sales results and raised FY23 guidance. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:03 pm

PLNT

Planet Fitness (NYSE:PLNT) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.55. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $55.32, down 16.84% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:02 pm

PMTS

CPI Card (NASDAQ:PMTS) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.49. The company's past performance shows a pattern of beating EPS estimates but experiencing share price drops. The stock is currently trading at $16.71, down 36.83% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:02 pm

PNTG

Pennant Gr (NASDAQ:PNTG) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a mixed impact on the share price post-earnings release. The stock was trading at $11.68 as of November 3, with a 52-week return of -0.08%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:01 pm

OM

Outset Medical (NASDAQ:OM) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $-0.68. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company beat EPS by $0.04, resulting in a 10.18% drop in the share price the next day. Over the last 52-week period, shares are down 61.73%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:01 pm

APLS

Apellis Pharmaceuticals' shares are trading lower following a report issued by Citron Research. The report's content and its impact on the company's stock price are not specified.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:01 pm

RC

Ready Capital (NYSE:RC) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.36. The company's past performance shows a trend of missing EPS estimates, which has led to drops in share price. The stock is currently trading at $10.16, down 20.93% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:01 pm

SNCY

Sun Country Airlines (NASDAQ:SNCY) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.14. The company's previous quarter saw a miss in EPS by $0.01, resulting in an 18.59% drop in share price. The company's shares were trading at $13.75 as of November 3, with a 52-week return down by 32.9%.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:01 pm

SEAT

Vivid Seats (NASDAQ:SEAT) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.04. The company's past performance shows it beat EPS estimates last quarter, resulting in a 4.52% increase in share price. However, the stock has been down 24.06% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:01 pm