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MULN

Mullen Automotive's stock is trading lower despite its subsidiary, Bollinger Motors, completing its first delivery of the 2025 Bollinger B4 Chassis Cab, generating $800,000 in revenue. The company expects a significant revenue increase for the quarter ending September 30, 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 2:56 pm

GLD

QQQ

SPY

TLT

UUP

The U.S. services sector showed strong growth in September, with the Services PMI reaching 54.9%, its highest since February 2023. This raises questions about the Federal Reserve's upcoming rate cut decision. The S&P 500, Nasdaq 100, and long-dated Treasuries saw declines, while the U.S. dollar index rose.

Portfolio Pulse from Michael Cohen

October 03, 2024 | 2:54 pm

STZ

Constellation Brands anticipates lower operating margins in the second half of the year, as stated by an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:53 pm

SOBR

SOBR Safe shares are experiencing a decline following the company's announcement of expansion opportunities in India, Italy, and Australia.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:53 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides a detailed analysis of key stocks and ETFs, including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, with specific price levels to watch for potential breakouts or reversals. The memo emphasizes the importance of monitoring these assets closely, especially with upcoming economic data releases and Fed speeches that could impact market sentiment.

Portfolio Pulse from RIPS

October 03, 2024 | 2:52 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported a year-over-year increase in vehicle deliveries for Q3 2024, with 462,890 units delivered, marking a 6.4% rise. Production also increased by 9.1% year-over-year. Despite some estimates being missed, Tesla's growth trajectory continues, with a focus on launching a next-gen vehicle.

Portfolio Pulse from Chris Katje

October 03, 2024 | 2:51 pm

E

Eni S.p.A. has completed its asset combination with Ithaca Energy in the UK, excluding East Irish Sea and CCUS activities. Eni now holds 38.7% of Ithaca's share capital and can appoint two non-executive directors to Ithaca's board. The deal is part of Eni's growth strategy in the UK Continental Shelf. Eni's shares are down 0.80% following the announcement.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 2:48 pm

TOVX

Theriva Biologics' investigational drug SYN-004 shows safety in bone marrow transplant patients, with no adverse events related to the drug. The DSMC recommends proceeding to the next trial phase. TOVX stock rose 33.30% on the news.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 2:45 pm

RF

Regions Financial Inc. (NYSE:RF) shares are trading at $22.53, with a recent 0.13% drop. Despite a 1.15% decline over the past month, the stock has risen 35.29% over the past year. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 2:45 pm

DIA

IWM

QQQ

SPY

Major indexes are trading lower after a report suggested President Biden mentioned the US is discussing potential support for Israel to strike Iran's oil facilities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:42 pm