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CALM

Cal-Maine Foods, Inc. (NASDAQ:CALM) is expected to report a sharp decline in Q1 earnings, with estimates at 25 cents per share, down from $2.57 per share a year ago. The company's revenue is also expected to decrease to $473.37 million from $617.4 million. Cal-Maine recently agreed to acquire egg production assets of Fassio Egg Farms. The company's shares fell 1.9% to close at $47.52 on Monday. Analysts from Stephens & Co. and Goldman Sachs have given the company an Equal-Weight rating and a Sell rating respectively.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 6:13 am

RIVN

TSLA

Rivian Automotive's Q3 deliveries exceeded expectations, but the company's shares fell as it left its 2023 production guidance unchanged. Analyst Gary Black suggests there's a high likelihood Rivian will raise their production guidance with Q3 earnings. Rivian's performance is significant as it contrasts with Tesla's Q3 sales, which were below expectations.

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 5:17 am

DOGEUSD

SHIBUSD

Baby Doge (CRYPTO: BABYDOGE) experienced a 5% surge in value within the last 24 hours, outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The price increase is attributed to a significant burn event of over $5 million worth of Baby Doge tokens and the upcoming listing of Baby Doge on GroveXchange. Elon Musk's tweet also played a role in boosting meme-related cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 5:00 am

EWA

Australia's building approvals for August have exceeded estimates, coming in at 7% month-on-month compared to the 2.5% estimate. This is a significant improvement from the revised -7.4% in the prior month.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:54 am

BCHUSD

BSVUSD

BTCUSD

ETHUSD

A tweet from the handle @satoshi, associated with Bitcoin's anonymous creator Satoshi Nakamoto, led to a 20% surge in the value of Bitcoin SV (BSV), a cryptocurrency that branched off from Bitcoin. This is the first tweet from the account since 2018. The tweet sparked speculation about the true identity of the person behind the @satoshi handle. BSV was created by a group led by Craig Wright, who claims to be the original creator of Bitcoin.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 3:25 am

TSLA

A video of Tesla's Cybertruck accelerating from a standstill, likened to a rocket launch, has been posted on the Cybertruck Owners’ Club. The speed of the Cybertruck is attributed to its electric motors and larger, more powerful batteries. Tesla's original specs for the Cybertruck indicate that the base version can go from 0 to 60 mph in under 6.5 seconds, while the top tri-motor version can do it as quickly as 2.9 seconds. It is unclear which version was featured in the video, as Tesla is expected to update the specs for the production model.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 3:14 am

TSLA

Tesla Inc has introduced a cheaper Model Y rear-wheel drive (RWD) in the United States, replacing the previous all-wheel drive (AWD) version. The new vehicle is priced at $43,990, making it the cheapest Model Y trim available. It has an EPA estimated range of 250 miles and is eligible for an EV tax credit of $7,500. Tesla dropped Model Y AWD from its website in mid-September without explanation.

Portfolio Pulse from Anan Ashraf

October 03, 2023 | 2:46 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have seen a drop in value as the U.S. 10-year yield surged to its highest level in over 16 years. The yield increase was driven by unexpectedly robust manufacturing data, indicating the strength of the U.S. economy and the possibility of more rate hikes in the future. Meanwhile, the global crypto market capitalization stands at $1.12 trillion, a 3.16% increase in the last day. The US stock market also witnessed a rise as legislators reached a short-term agreement, avoiding a government shutdown.

Portfolio Pulse from Mehab Qureshi

October 03, 2023 | 2:30 am

ARKG

BEAM

NVDA

RXRX

SLGC

Ark Invest, led by Cathie Wood, sold nearly $4 million worth of NVIDIA Corp shares, aligning with Wood's previous comments about the tech giant being expensive. The sale was made through the ARK Genomic Revolution ETF. Ark Invest also purchased shares of SomaLogic Inc, Recursion Pharmaceuticals, and Beam Therapeutics Inc.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 2:07 am

MARA

NEE

PLUG

RUN

TSLA

U.S. stocks showed mixed performance with Dow Jones falling by 0.22% and NASDAQ rising by 0.67%. Five stocks that gained attention were Plug Power, SunRun, NextEra Energy, Marathon Digital, and Tesla. Plug Power and SunRun saw significant declines, while NextEra Energy also declined due to a lowered growth rate outlook. Marathon Digital and Tesla experienced slight gains, with the former being positively impacted by the rise in Bitcoin's price.

Portfolio Pulse from Benzinga Neuro

October 03, 2023 | 1:26 am