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DLTR

NOC

QCOM

SO

Insiders at Qualcomm, Dollar Tree, Northrop Grumman, and Southern Company have recently sold shares. Qualcomm's Chief Commercial Officer sold 1,000 shares following a Q3 revenue miss. Dollar Tree's CIO sold 1,259 shares after Exane BNP Paribas initiated coverage with an Outperform rating. Northrop Grumman's CVP & Pres. Defense Systems sold 1,007 shares after UBS initiated coverage with a Buy rating. Southern Company's CEO sold 5,000 shares after its subsidiary acquired a solar project.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 11:46 am

RITM

SCU

Rithm Capital has signed an amended definitive merger agreement to acquire Sculptor Capital Management for $12.00 per Sculptor Class A share, which is a 7.62% increase over the previously agreed price of $11.15.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:40 am

QDEL

QuidelOrtho has reaffirmed its FY23 sales guidance of $2.88B-$3.08B, which is in line with the consensus of $2.98B. The company also expects an adjusted EPS of $4.85-$5.30, slightly above the consensus of $4.90.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am

TGT

B of A Securities analyst Robert Ohmes has upgraded Target (NYSE:TGT) from Neutral to Buy and raised the price target from $120 to $135.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am

XOM

Truist Securities analyst Neal Dingmann has upgraded Exxon Mobil (NYSE:XOM) from Hold to Buy and raised the price target from $110 to $131.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:34 am

INFY

Infosys Limited has reduced its FY24 revenue growth guidance after reporting mixed Q2 results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:25 am

DAL

F

QQQ

SPY

US stock futures indicate a higher open on Thursday, following four consecutive sessions of gains. Delta Air Lines reported strong quarterly results, boosting expectations of healthy corporate profits this earnings season. The upcoming release of the consumer price inflation report for September is likely to influence market direction. Traders are factoring in a Fed pause and likely rate cuts next year, according to Morgan Stanley’s Lisa Shalett. In premarket trading, the SPDR S&P 500 ETF Trust rose 0.44% and the Invesco QQQ ETF gained 0.40%. Ford Motor Co. fell over 2% in premarket trading after the United Auto Workers union extended the strike to the company’s Kentucky plant.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 11:23 am

APRN

THRN

TWNK

The article identifies three overbought stocks in the consumer staples sector: Hostess Brands, Inc. (TWNK), Blue Apron Holdings, Inc. (APRN), and Thorne HealthTech, Inc. (THRN). All three companies have recently announced acquisition plans and have high Relative Strength Index (RSI) values, indicating they may be overvalued.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 11:23 am

USO

OPEC has maintained its 2023 and 2024 global oil-demand growth forecasts at 2.4 million barrels per day (B/D) and 2.2 million B/D respectively, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:23 am

USO

According to secondary sources cited by OPEC, crude output rose by 273,000 barrels per day in September, reaching 27.75 million barrels per day.

Portfolio Pulse from Charles Gross

October 12, 2023 | 11:18 am