Streetbeat News

Stock Prices

UNH

UnitedHealth Group has updated its FY23 adjusted EPS forecast to $24.85-$25.00, slightly above the previous estimate of $24.84. The prior outlook was $24.70-$25.00.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:08 am

RSHO

The article discusses the focus of both President Joe Biden and former President Donald Trump on reviving the U.S. economy through domestic manufacturing and mining. Amid geopolitical tensions and supply chain issues, investors are looking for opportunities in the U.S. reshoring initiatives. The Tema American Reshoring ETF (NYSE:RSHO) is highlighted as a fund that offers protection against trade wars and supply chain failures. Since its trading inception on May 11, RSHO has risen 14.32%, outperforming the S&P 500.

Portfolio Pulse from Melanie Schaffer

October 13, 2023 | 10:06 am

AGNC

AGNC Investment Corp. has implemented a new 'At The Market' common stock issuance program. The company has entered into separate sales agreements to offer and sell shares of common stock with an aggregate offering price of up to $1.25 billion.

Portfolio Pulse from Charles Gross

October 13, 2023 | 10:06 am

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has not yet released its Q3 delivery report, causing investor anxiety as its stock trades near record lows. The company has faced production issues and lukewarm demand for its higher-priced EVs due to economic uncertainties and aggressive price cuts by Tesla. In Q2, Lucid produced 2,173 EVs, down from 2,314 in Q1, and Q3 deliveries were significantly below forecasts at 1,404 units. The company revised its 2023 production guidance to over 10,000 units due to these challenges.

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 10:00 am

UNH

UnitedHealth Group (NYSE:UNH) reported Q3 adjusted earnings of $6.56 per share, beating the analyst consensus estimate of $6.32 by 3.8%. This is a 13.3% increase from the same period last year. The company also reported quarterly sales of $92.36 billion, beating the analyst consensus estimate of $91.37 billion by 1.08%, a 14.18% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:59 am

VGK

Eurozone's industrial production for August increased by 0.6%, beating the estimated 0.1% and improving from the previous -1.1%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:01 am

META

Meta Platforms Inc.'s Threads app has shown signs of resurgence, climbing in app rankings. However, user dissatisfaction persists due to the platform's vague stance on news content. Threads had crossed the 100 million sign-up mark in just five days of its launch, but it has since seen a considerable decline in active users, dropping from 3.3 million in July to 1.1 million in the first half of last month.

Portfolio Pulse from Ananya Gairola

October 13, 2023 | 8:48 am

KRE

TFC

Truist Financial (NYSE:TFC) is planning significant changes to boost its stock performance after a 43% decline since February 2023. The company plans to cut costs by selling or closing underperforming businesses and reducing its workforce. CEO William Rogers announced plans to eliminate $750 million in operating expenses over the next 12 to 18 months. These changes are expected to stabilize the company’s expense growth at around 0% to 1% in 2024, down from the estimated 7% in 2023.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 8:14 am

BLK

BTCUSD

IVZ

Crypto investors are awaiting a decision from the Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin (BTC) exchange-traded fund (ETF). Companies such as Fidelity, BlackRock (BLK), and Invesco (IVZ) have submitted applications to launch their own Bitcoin ETFs. Grayscale Investments has been trying to convert its Grayscale Bitcoin Trust into an ETF and is prepared to do so as soon as approval is granted.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 7:52 am

BRK

NU

Berkshire Hathaway's stake in Nu Holdings has seen a 93% increase in value since January, making it the star performer in Berkshire's 2023 portfolio. Despite a 13% slide from its IPO price, Nubank has shown promising operational growth with a 28% increase in customer count and a 61% increase in revenue. Nubank's crypto-friendly approach has attracted attention, despite Warren Buffett's criticism of digital coins.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 7:22 am