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The U.S. private sector shows strong growth in October, with the services sector leading and manufacturing contracting at a slower rate. Inflation pressures are easing, with prices potentially falling below the Fed's 2% target. Business optimism is high, but job creation is slowing. The S&P 500 and Invesco QQQ Trust saw gains, with Tesla rising significantly after strong earnings.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 2:41 pm

MNPR

Monopar Therapeutics shares were halted due to a circuit breaker after a significant price increase, with the stock rising by 54%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:41 pm

UPS

United Parcel Service (UPS) shares are trading higher following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:41 pm

UNP

Union Pacific's shares declined following the release of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:40 pm

DOV

MADE

MAKX

Dover Corporation reported Q3 earnings that missed expectations, with revenue growth of 1% year-over-year, falling short of the consensus. The company lowered its 2024 outlook for adjusted EPS and revenue growth. Despite challenges in certain segments, Dover's bookings increased, and it completed the divestiture of its Environmental Solutions Group. Dover's stock is down 1.96% following the report. Investors can also gain exposure through ETFs like ProShares S&P Kensho Smart Factories ETF and iShares U.S. Manufacturing ETF.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 2:39 pm

LH

Labcorp Holdings shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:39 pm

LCID

Lucid Group announced a $1.75 billion capital raise, causing its shares to drop. CEO Peter Rawlinson stated the move was to avoid a 'going concern' disclosure, as the company's financial runway was dwindling. Despite recent funding from Saudi Arabia's Public Investment Fund, the timing and size of the offering surprised investors and analysts. Lucid is in a capital-intensive phase, preparing to launch a new SUV and expand its manufacturing capabilities.

Portfolio Pulse from Erica Kollmann

October 24, 2024 | 2:38 pm

NOC

Northrop Grumman's shares rose following a strong Q3 earnings report and an increase in its FY24 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:38 pm

GEV

GE Vernova shares are experiencing an upward trend as several firms have increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:37 pm

NOC

Northrop Grumman reported mixed Q3 earnings with revenue missing estimates but earnings per share exceeding expectations. The company raised its 2024 guidance and anticipates continued growth.

Portfolio Pulse from Adam Eckert

October 24, 2024 | 2:36 pm