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KBH

KB Home (NYSE:KBH) reported Q3 earnings of $1.80 per share, beating the analyst consensus estimate of $1.43, but a 37.06% decrease YoY. Quarterly sales were $1.59 billion, beating the analyst consensus estimate of $1.48 billion, but a 13.98% decrease YoY. The company also reported a 7% decrease in homes delivered and a decrease in the average selling price. However, KB Home raised the full-year 2023 housing revenues outlook from between $5.80 billion and $6.20 billion to $6.31 billion.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 8:29 pm

INTC

QQQ

The Nasdaq 100 index fell to late August lows following the Federal Reserve's decision to maintain rates at 5.25%-5.5% and hint at a possible rate hike by the end of 2023. The Invesco QQQ Trust, the largest ETF tracking the Nasdaq 100, dropped 1.5%. Other ETFs such as SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF, and Dow Jones Industrial Average ETF also experienced declines. Among S&P 500 mega caps, Intel Corp., Alphabet Inc., Nvidia Corp., Netflix Inc., and Microsoft Corp. were the worst performers.

Portfolio Pulse from Piero Cingari

September 20, 2023 | 8:25 pm

F

GM

STLA

Negotiations between the United Auto Workers (UAW) union and the Detroit Big Three automakers, including General Motors (GM), Ford Motor Company (F), and Stellantis NV (STLA), remain at a standstill, leading to strikes. The UAW is demanding increased pay, a shorter work week, and other benefits. GM President Mark Reuss has countered the UAW's allegations of 'poverty wages', stating that GM's current proposal offers a 20% wage increase. Reuss also warned that the strikes could be counterproductive and could potentially impact GM's future, especially as the company transitions to an all-EV future.

Portfolio Pulse from Chris Katje

September 20, 2023 | 8:19 pm

ARM

NVDA

The article discusses the current economic situation, focusing on inflation, interest rates, and the impact of the Federal Reserve's actions. It also mentions the IPO of Arm Holdings, which is trading above Nvidia's valuation, despite skepticism about its role in AI advancements. The article suggests that the Federal Reserve's rate hikes are not solely responsible for the current inflation and economic growth, pointing to Congressional overspending as another factor.

Portfolio Pulse from Gary Brode

September 20, 2023 | 8:18 pm

FDX

FedEx Corp reported Q1 revenue of $21.7 billion, missing the consensus estimate of $21.81 billion, but beat earnings estimates with $4.55 per share. The results were driven by the DRIVE program and focus on revenue quality, offset by ongoing demand weakness. FedEx lowered its full-year revenue guidance but raised its earnings outlook. The company also plans to repurchase an additional $1.5 billion of its common stock during fiscal 2024. FedEx shares were up 4.89% after hours.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 8:17 pm

GPOR

Gulfport Energy has expanded its common stock repurchase authorization by 63% to $650 million. Since the inception of the repurchase program, the company has repurchased approximately 3.9 million shares of common stock for $331.3 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:16 pm

ASAN

Asana's CEO, Dustin A. Moskovitz, has purchased 1,015,000 shares of the company's stock at a price of $18.04 per share, according to a Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:16 pm

GILD

Gilead Sciences (NASDAQ:GILD) has seen unusual options activity, with a significant number of bullish trades. Whales have been targeting a price range from $60.0 to $95.0 for Gilead Sciences over the last 3 months. The company's stock price is currently up 0.07% at $75.82. Truist Securities and B of A Securities have upgraded their actions to Buy with price targets of $91 and $95 respectively, while HSBC has downgraded its action to Reduce with a price target of $71.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:15 pm

TRNS

Transcat announced a proposed public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:15 pm

JNJ

Unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $120.0 to $170.0 for Johnson & Johnson over the last 3 months. Analysts have mixed ratings on the company, with price targets ranging from $158 to $215.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:15 pm