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BA

Boeing is facing significant financial challenges as a machinists' strike enters its second month, costing the company nearly $5 billion. The strike has led to a 4.22% drop in Boeing's stock price and a $4 billion decrease in market capitalization. The company is also dealing with production delays, regulatory scrutiny, and potential credit downgrades.

Portfolio Pulse from Kaustubh Bagalkote

October 15, 2024 | 10:26 am

ERIC

Ericsson shares surged 8.9% in pre-market trading after reporting better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 10:22 am

JNJ

Johnson & Johnson reported its Q3 2024 earnings, with an adjusted EPS of $2.42, surpassing the estimated $2.21. The company's sales also exceeded expectations, reaching $22.471 billion compared to the forecasted $22.164 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:21 am

GLD

SPY

USO

U.S. markets closed higher with record highs in the S&P 500 and Dow, led by semiconductors like Arm Holdings and Nvidia. Energy stocks declined due to a drop in crude oil prices. Asian markets were mixed, with significant declines in China. European markets showed mixed results, and crude oil prices fell over 5% due to demand concerns.

Portfolio Pulse from Akanksha Bakshi

October 15, 2024 | 10:16 am

WOLF

Wolfspeed Inc. (NYSE:WOLF) saw its stock jump over 16% after signing a $750 million funding deal with the U.S. Department of Commerce under the CHIPS and Science Act. This funding, along with additional financing from a consortium, aims to boost Wolfspeed's silicon carbide production in the U.S.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 10:04 am

MVPA

OCTA

TTE

TotalEnergies SE (NYSE:TTE) shares are down premarket due to expected lower hydrocarbon production levels in Q3, despite higher gas prices and a $1 billion projection for Integrated LNG results. The company plans significant investments in low-carbon energies and has acquired stakes in offshore wind projects.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 10:00 am

UNH

UnitedHealth has updated its 2024 adjusted EPS guidance to $27.50-$27.75, slightly narrowing from the previous $27.50-$28.00 range, and aligning closely with the consensus of $27.70. This adjustment accounts for increased business disruption impacts from Change Healthcare services.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:00 am

TSLA

Tesla's Cybertruck lead engineer, Wes Morrill, mocked Fiat USA's new ad comparing the Fiat 500e with Tesla's Cybertruck, suggesting the ad promotes the Cybertruck more than the Fiat 500e. The ad contrasts the two vehicles, highlighting the Fiat 500e's small size and ease of parking against the Cybertruck's striking appearance and parking challenges. Despite the ad, Tesla's Cybertruck sales significantly outnumber Fiat 500e sales in the U.S.

Portfolio Pulse from Anan Ashraf

October 15, 2024 | 9:53 am

TSLA

Tech YouTuber MKBHD expressed skepticism about Tesla's timeline for delivering its Cybercab robotaxi before 2027, promising to shave his head if it happens. He highlighted the vehicle's features but questioned the feasibility of Tesla's promises, including the price and regulatory approval. Analysts share mixed views on Tesla's plans.

Portfolio Pulse from Ananya Gairola

October 15, 2024 | 9:47 am

DBO

UCO

USO

China is urging Israel and Iran to de-escalate tensions to avoid further conflict, amid falling oil prices due to weak demand from China and geopolitical instability in the Middle East. This has impacted oil-related ETFs, with USO, DBO, and UCO experiencing significant declines.

Portfolio Pulse from Benzinga Neuro

October 15, 2024 | 9:23 am