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Cryptocurrency prices fell on Tuesday, with Bitcoin (BTC) trading below $28,000 and Ethereum (ETH) falling below $1,700. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Pepe (PEPE) was the biggest loser. The global crypto market cap fell to $1.09 trillion, a 24-hour decline of 2.5%.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 1:54 pm

NFLX

Netflix, the only major streaming platform that has not raised prices in the past year, plans to increase its prices after the end of the actors' strike, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:54 pm

STLA

TSLA

General Motors (GM) and Ford Motor (F) announced layoffs of 500 workers due to the ongoing UAW strike. Tesla (TSLA) also missed Q3 delivery expectations. The strike has cost GM and Ford $191 million and $145 million respectively, according to JPMorgan. Stellantis (STLA) was spared from the strike due to last-minute concessions.

Portfolio Pulse from Upwallstreet

October 03, 2023 | 1:46 pm

NKE

A significant investor has taken a bullish stance on Nike (NYSE:NKE), with 54% of investors opening trades with bullish expectations and 45% with bearish. The investor has been targeting a price range from $70.0 to $130.0 for Nike over the last 3 months. The price of NKE is up 0.04% at $94.6. TD Cowen, Morgan Stanley, Deutsche Bank, and Goldman Sachs have maintained their positive ratings on Nike, while Guggenheim has downgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 1:46 pm

AWIN

DXYN

MKC

PNT

SDC

VERY

U.S. stocks traded lower with the Dow Jones falling over 100 points. McCormick & Company reported weaker-than-expected sales for its third quarter, missing the analyst consensus estimate. Vericity shares shot up 87% after iA Financial Group announced its acquisition. Eli Lilly agreed to acquire POINT Biopharma Global, boosting its shares by 84%. SmileDirectClub shares dropped 31% after receiving a delisting notice from Nasdaq. AERWINS Technologies and The Dixie Group shares also fell.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 1:42 pm

RPM

RPM International Inc. is expected to release its Q1 2024 financial results on Oct. 4, 2023. Analysts predict earnings of $1.55 per share, up from $1.47 per share a year ago, and revenue of $1.97 billion, up from $1.89 billion. The company's shares fell 0.7% to close at $94.19 on Monday. Several analysts have recently adjusted their price targets for the company, with most raising their targets.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 1:39 pm

ODD

Truist Securities analyst Youssef Squali has upgraded ODDITY Tech (NASDAQ:ODD) from Hold to Buy, while maintaining the price target at $54.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:38 pm

AMD

MSFT

NVDA

Nvidia Corp's stock is trading higher due to a supply chain crisis affecting the demand-supply dynamics of the AI-driven market. The depreciating yen has caused a surge in Nvidia's semiconductor device prices in Japan, impacting AI developers. Despite the price hike, demand remains strong. Nvidia dominates 80%-90% of the global market for data center GPUs. Microsoft's CTO has acknowledged the improvement in Nvidia's AI GPU supply chain, and Advanced Micro Devices is expected to contribute to the AI sector.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 1:38 pm

IMMX

Shares of Immix Biopharma have been halted on a circuit breaker to the downside, with the stock now down by 4.39%.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:36 pm

OSTK

Overstock.com Inc (NASDAQ:OSTK) has appointed Marcus Lemonis, CEO of Camping World and star of CNBC's 'The Profit', to its board as an independent director. Lemonis is expected to bring his experience in leadership, retail, branding, and customer engagement to help Overstock with its transformation of the recently acquired Bed Bath & Beyond brand. Overstock shares were up 2.59% following the announcement.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 1:32 pm