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Stock Prices

VLRS

Volaris (NYSE: VLRS) has reported its September 2023 preliminary traffic results, showing a 3.1% YoY demand growth and an 84% load factor. The company has also updated its full-year 2023 guidance, raising its revenue guidance from ~$3.2B to $3.2B-$3.4B. The update comes in light of aircraft groundings and higher expected jet fuel prices. The company's CEO mentioned that the growth rate might slow down due to the accelerated inspections of GTF engines requested by RTX Corporation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:40 pm

SRT

Trading of StarTek's shares was temporarily halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:34 pm

BTCUSD

EGLDUSD

ETHUSD

XTZUSD

Bitcoin (BTC) traded above $27,500, while Ethereum (ETH) traded below $1,600. Tezos (XTZ) was the top gainer over the past 24 hours, while MultiversX (EGLD) was the biggest loser. The global crypto market cap fell to $1.07 trillion, a 24-hour decline of 0.2%. Other notable gainers include Klaytn (KLAY), Cosmos (ATOM), Stacks (STX), and THORChain (RUNE). Notable losers include IOTA (IOTA), Quant (QNT), Polygon (MATIC), and Filecoin (FIL).

Portfolio Pulse from Lisa Levin

October 10, 2023 | 1:31 pm

VALE

Vale Inc.'s stock price is currently at $13.12, after a 2.02% increase. However, the stock has decreased by 3.53% over the past month and by 3.95% over the past year. Vale's P/E ratio is lower than the aggregate P/E of the Metals & Mining industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 1:30 pm

SRT

Startek has announced an agreement to be acquired by funds managed by CSP Management Limited for $4.30 per share in cash. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:28 pm

AAPL

ASML

QCOM

TSM

Huawei's new smartphone series, powered by its proprietary Kirin 9000s chips, has sparked concerns in the US about its ability to curb China's tech ambitions. The Kirin 9000s chips deliver comparable performance to Qualcomm's Snapdragon 888. The US is reportedly planning to update its restrictions on the export of AI chips and semiconductor production equipment to China. Huawei continues to be one of Qualcomm’s major customers, purchasing between 23 million and 25 million chips from Qualcomm last year. However, if Huawei can produce the Kirin 9000s chip at a slightly higher cost, it may reduce its purchase of some of its higher-end chips from Qualcomm next year.

Portfolio Pulse from The Bamboo Works

October 10, 2023 | 1:27 pm

CRWD

EQT

FLNG

HUM

On CNBC's 'Halftime Report Final Trades', four stocks were highlighted: CrowdStrike Holdings (CRWD), Humana Inc. (HUM), FLEX LNG Ltd. (FLNG), and EQT Corporation (EQT). CRWD shares hit a new 52-week high due to potential cyberattack concerns. HUM was maintained with a Buy rating and a raised price target by Jefferies. FLNG, with a 10.5% dividend yield, saw shares decline around 11% over the past six months. EQT was picked amid higher natural-gas prices and is expected to issue its Q3 financials on Oct. 25, 2023.

Portfolio Pulse from Priya Nigam

October 10, 2023 | 1:26 pm

EMR

NATI

Hyatt Hotels Corp (H) is set to join the S&P MidCap 400, replacing National Instruments Corp (NATI) which is being acquired by Emerson Electric Co (EMR). This change will take effect before the market opens on Thursday. Hyatt's shares have risen 15.49% year-to-date and were up 6.27% at the time of the report. The company is due to report Q3 results on Nov. 2, with analysts expecting earnings of 62 cents per share on revenue of $1.632 billion.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:19 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) has received EU GMP certification for its cannabis cultivation facility in Kincardine, Ontario. This certification allows the company to continue exporting certified medical cannabis to medical markets in Europe and globally. The company's shares traded 5.04% higher in Tuesday’s pre-market session.

Portfolio Pulse from Nina Zdinjak

October 10, 2023 | 1:18 pm

AEP

GTN

MRVL

SNOW

USB

VEEV

Jim Cramer, on CNBC’s 'Mad Money Lightning Round', recommended buying Veeva Systems Inc. (VEEV) and Marvell Technology, Inc. (MRVL), which has seen its shares surge over 50% YTD. He also spoke positively about Snowflake Inc. (SNOW) and Teekay Corporation (TK), but expressed concerns about U.S. Bancorp (USB) and American Electric Power Company, Inc. (AEP). He did not recommend Gray Television, Inc. (GTN).

Portfolio Pulse from Priya Nigam

October 10, 2023 | 1:16 pm