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ABT

Abbott Laboratories reported Q3 FY23 adjusted EPS of $1.14, beating the consensus of $1.04. Q3 sales of $10.1 billion decreased 2.6%, beating the consensus of $9.32 billion. Despite a decrease in COVID-19 testing-related sales, the company saw growth in its four major businesses. Abbott has raised its FY23 adjusted EPS outlook to $4.42-$4.46 from $4.30-$4.50. ABT shares are up 4.27% in premarket trading.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 1:25 pm

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) shares are moving lower following reports that the Federal Reserve is planning to lower the fees merchants pay on debit card transactions. The Fed is expected to submit a proposal that would lower the fees, which have not been changed since 2011. Visa processed more than $14 trillion in total transactions in 2022, while Mastercard processed more than $8 trillion.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:23 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) reported Q3 results with total operating revenue of $14.48 billion, up 12.5% YoY, beating consensus estimates of $14.44 billion. Adjusted quarterly earnings were $3.65 per share, surpassing estimates of $3.39 per share. However, the company warned that Q4 earnings could be as low as $1.50 per share, compared to $3.65 in Q3. This warning led to a drop in UAL's share price.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:22 pm

GLD

NFLX

TSLA

The ongoing Israel-Hamas conflict has led to a surge in commodity prices, with gold, oil, and natural gas all seeing increases. The SPDR Gold Trust ETF (GLD) rose 1.4% to $1,950/oz, while oil surged 0.6% to $86.8 a barrel due to the risk of Iran's oil embargo on Israel. Natural gas prices also rose nearly 5% in Europe. Meanwhile, futures on the S&P 500 index were 0.4% lower. Traders are awaiting key earnings reports from Netflix Inc. (NFLX) and Tesla Inc. (TSLA).

Portfolio Pulse from Piero Cingari

October 18, 2023 | 1:20 pm

TGL

Treasure Global announced the development of an AI robot designed to conduct extended-hour live commerce sessions on TikTok, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:18 pm

AAPL

BYDDF

NIO

TSLA

XPEV

BYD Company Limited's shares jumped 7% after announcing it would report record quarterly earnings this month. The company expects net profits in Q3 to be between $1.3 billion and $1.4 billion, a 67% to 102% increase from last year. BYD's EV sales hit a record volume, and its handset components business performed well due to its partnership with Apple. Despite stronger overall performance, BYD is trading at a significant discount compared to rivals Tesla, XPeng, Li Auto, and Nio.

Portfolio Pulse from Daniel Harrison

October 18, 2023 | 1:17 pm

AAPL

AIG

BROS

GLD

NET

NFLX

NVDA

QQQ

SAND

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of October 18, 2023. The stocks mentioned are Tesla (TSLA), Nvidia (NVDA), Netflix (NFLX), Apple (AAPL), American International Group (AIG), SPDR Gold Shares (GLD), Invesco QQQ Trust (QQQ), Cloudflare (NET), Dutch Bros (BROS), and Sandstorm Gold (SAND).

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:17 pm

GOOG

GOOGL

QCOM

Qualcomm Inc (QCOM) is expanding its collaboration with Alphabet Inc (GOOG, GOOGL) to develop a RISC-V-based wearables solution for use with Wear OS by Google. This will enable more products within the ecosystem to use custom CPUs that are low power and high performance. Both companies will continue to invest in Snapdragon Wear platforms, the leading smartwatch silicon provider for the Wear OS ecosystem. QCOM shares traded lower by 1.22% at $110.83 premarket.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 1:16 pm

RUN

Barclays analyst Christine Cho has maintained an Equal-Weight rating on Sunrun (NASDAQ:RUN) and lowered the price target from $27 to $17.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:12 pm

DIS

DKNG

The first AP poll of the 2023-2024 NCAA Men’s Basketball season has been released, with the Kansas Jayhawks topping the list. The Jayhawks have also made a significant off-season transfer, landing Hunter Dickinson from the University of Michigan. Betting odds for the upcoming season have been released by sportsbook DraftKings Inc (NASDAQ:DKNG), with Kansas, Duke, and Purdue as the top three favorites. The games will be broadcast on ESPN, a unit of The Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Chris Katje

October 18, 2023 | 1:09 pm