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DVA

ETWO

FMS

SILK

Several stocks recorded losses in Wednesday's pre-market trading session. Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates. Fresenius Medical Care, DaVita, and E2open Parent Holdings also saw significant drops in share prices. Hyliion Holdings' shares declined after announcing a strategic review of alternatives for its Electric Powertrain Business. Baxter International, Polestar Automotive, Hut 8 Mining Corp., and Northern Oil and Gas also experienced declines.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 10:00 am

TTWO

Raymond James analyst Andrew Marok has upgraded Take-Two Interactive (NASDAQ:TTWO) from Market Perform to Outperform and announced a price target of $170.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:47 am

RTX

UBS analyst Gavin Parsons has downgraded Raytheon Technologies Corporation (RTX) from Buy to Neutral and lowered the price target from $110 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:25 am

MRVL

NVDA

QRVO

SWKS

Citi analysts have downgraded Skyworks Solutions Inc. (NASDAQ:SWKS) and Qorvo, Inc. (NASDAQ:QRVO) to Sell from Neutral due to increased competition from China. The analysts have also reduced their price targets for these stocks. However, they maintain a positive stance on Nvidia Corporation (NASDAQ:NVDA) and Marvell Technology, Inc. (NASDAQ:MRVL), rating them as Buy.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 9:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is set to release its Q3 earnings report amidst concerns of price reductions and sluggish vehicle sales. Analysts predict a decrease in earnings per share and a potential drop in auto gross margins. The company's stock has faced a downward trend following earnings releases over recent quarters. The management's commentary during the earnings call, particularly on the future of auto gross margins, will be crucial.

Portfolio Pulse from Shanthi Rexaline

October 11, 2023 | 8:52 am

SPY

Federal Reserve Governor Michelle Bowman has indicated that the U.S. policy rate may need to rise further. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:48 am

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) has started mass production of its LTDI automotive display solution, HX83180 series, for leading vendors' latest NEV models. The LTDI design is suitable for NEVs, known for their stylish smart cabins that feature large-sized display, panoramic view, free-form, curved design and in-cell touch functions. The company has received numerous inquiries regarding its LTDI solution which is now universally adopted by panel makers.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:17 am

AAPL

Apple Inc. (NASDAQ:AAPL) shares are on a downward trend, causing concern among investors and analysts ahead of the Q4 earnings report. Melius Research analyst Ben Reitzes maintains a Buy rating and a $240 target price on Apple stock, despite its current price around $179. Reitzes identifies four key challenges for Apple: growth, China, artificial intelligence (AI), and its search engine strategy. He predicts a 4% revenue growth for the December quarter, citing potential benefits of iPhone 15 upgrades and increased store traffic.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 7:56 am

PEP

RELL

The CNN Money Fear and Greed index showed a slight easing in fear level but remained in the 'Fear' zone. U.S. stocks settled higher on Tuesday, with the 10-year Treasury yield declining to around 4.65%. PepsiCo Inc reported better-than-expected Q3 earnings. Most sectors on the S&P 500 closed positively, except for energy stocks. Investors are awaiting earnings results from Richardson Electronics, Ltd.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 7:45 am

ASTR

AZZ

ETWO

RELL

VOXX

Richardson Electronics (RELL) is expected to report quarterly earnings of 3 cents per share on revenue of $51.10 million. AZZ Inc. (AZZ) posted better-than-expected results for its second quarter and reaffirmed FY24 guidance. Astra Space (ASTR) is exploring strategic options, including asset sales. VOXX International Corporation (VOXX) reported stronger-than-expected sales for its second quarter. E2open Parent Holdings Inc (ETWO) posted downbeat results for its second quarter and named Andrew Appel as interim CEO.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 7:42 am