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EWU

The U.K. Composite Purchasing Managers' Index (PMI) for September services was reported at 48.5, slightly higher than the estimated 46.8, but lower than the prior 48.6.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:30 am

AYI

CALM

HELE

INTC

RPM

RPM International, Cal-Maine Foods, Acuity Brands, Intel Corporation, and Helen of Troy Limited are stocks to watch heading into Wednesday. RPM International and Acuity Brands are expected to report earnings before the opening bell. Cal-Maine Foods posted weaker-than-expected sales for its first quarter. Intel announced plans to operate its Programmable Solutions Group as a standalone business. Helen of Troy is expected to post earnings before the opening bell.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 8:22 am

AAPL

KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple Inc. (NASDAQ:AAPL) from 'Overweight' to 'Sector Weight', removing the previous price target of $200. The downgrade was driven by several factors including Apple's historically high stock multiples, challenges in U.S. sales, potential difficulties in international growth, and optimistic current estimates. Apple's stock ended Tuesday’s session down 0.78% at $172.40.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 8:18 am

VGK

The Eurozone Services Purchasing Managers Index (PMI) for September was reported at 48.7, slightly above the estimated 48.4 and higher than the previous month's 47.9.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:00 am

VGK

The HCOB Eurozone Composite Purchasing Managers Index for September was reported at 47.2, slightly above the estimated 47.1 and higher than the prior figure of 46.7.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:00 am

EWG

Germany's Services Purchasing Managers Index (PMI) for September was reported at 50.3, beating the estimate of 49.8 and significantly higher than the prior figure of 47.3.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:55 am

EWQ

The France Services Purchasing Managers Index (PMI) for September was reported at 44.4, slightly above the estimated 43.9 but lower than the previous month's 46.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:50 am

BP

BP is planning to sell a 49% stake in its US oil and gas pipeline network in the Gulf of Mexico, with expectations to raise up to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:47 am

F

GM

STLA

TSLA

Analyst Dan Ives remains bullish on Tesla (TSLA) despite its current lackluster phase. He views the UAW strike as a win for Tesla, as it could lead to higher costs for Detroit automakers like General Motors (GM), Ford (F), and Stellantis (STLA), which could be passed on to consumers. Ives also believes Tesla will be able to absorb excess inventory by Q4 and that demand will increase with the start of Cybertruck production. He sees Tesla gaining market share in China and views the company as a disruptive technology company rather than just an auto company.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 7:19 am

AYI

HELE

RPM

TSLA

The CNN Money Fear and Greed index has moved to the 'Extreme Fear' zone amid a surge in Treasury yields. U.S. stocks closed sharply lower on Tuesday, with the Dow Jones index turning lower for 2023. Truist Securities maintained Tesla with a Hold and lowered the price target from $254 to $243. Investors are awaiting earnings results from RPM International, Acuity Brands, and Helen of Troy.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 6:47 am