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ARM

Arm Holdings shares declined following a downgrade by Bernstein from Market Perform to Underperform.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:31 pm

META

Meta Platforms reported strong third-quarter earnings, with significant growth in its Threads platform, which now has 275 million monthly users. This growth positions Threads as a potential competitor to Elon Musk's X platform. Despite Musk's dismissive comments, Threads' user base is expanding rapidly, although it is not expected to significantly impact revenue until 2025.

Portfolio Pulse from Chris Katje

October 31, 2024 | 3:30 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) saw its stock rise nearly 30% after surpassing first-quarter sales estimates and appointing a former Apple executive as CEO. The company reported $586 million in sales, a GAAP net loss of $1 million, and improved margins. Strategic pricing adjustments and a shift to higher-margin revenue streams contributed to financial gains. Peloton expects second-quarter revenues of $640-$660 million, with increased marketing expenses for the holiday season.

Portfolio Pulse from Nabaparna Bhattacharya

October 31, 2024 | 3:27 pm

PH

Parker-Hannifin Corp reported Q1 2025 results with a 1.2% sales growth to $4.9 billion, beating expectations. The Aerospace Systems segment showed strong performance, while industrial segments faced pressure. The company raised its EPS guidance and expects continued growth in aerospace.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 3:22 pm

SAP

SAP's short interest has decreased by 6.67%, with 1.60 million shares sold short, representing 0.14% of its float. This is lower than its peers' average short interest of 3.29%. The decrease in short interest may indicate a more bullish sentiment towards SAP.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 3:15 pm

KEY

KeyCorp's short interest has decreased by 4.35%, with 15.45 million shares sold short, representing 1.98% of its float. This is higher than its peers' average of 1.58%. The decrease in short interest may indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 3:15 pm

DDS

Dillard's (NYSE:DDS) has seen a 7.5% decrease in its short percent of float, now at 33.07%. This is significantly higher than its peers' average of 8.65%. It would take traders 7.95 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 3:15 pm

ETN

Eaton Corp reported Q3 earnings with a revenue miss but an EPS beat. The company raised its full-year earnings guidance due to strong demand and backlog growth. Despite positive results, Eaton's stock was down 5.92% at the time of publication.

Portfolio Pulse from Adam Eckert

October 31, 2024 | 3:12 pm

INVH

Invitation Homes shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:10 pm

OHI

Omega Healthcare Investors shares rose following the release of Q3 results that exceeded expectations and an increase in FY24 adjusted FFO guidance.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:09 pm