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SBUX

Starbucks has launched Halloween-themed drinks inspired by the movie 'Wicked' amid weak Q4 preliminary results. The company reported a 3% decrease in net revenues and a 7% drop in global sales, leading to a 3.72% decline in stock price during pre-market hours.

Portfolio Pulse from Benzinga Neuro

October 23, 2024 | 1:27 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares are trading flat after a 12% gain, following a strong Q3 with 21,912 EVs delivered, a 66% increase from the previous quarter. The company set a record in Vietnam with over 9,300 EVs delivered in September. VinFast's initiative for a green future is gaining support, and it will release Q3 financial results on November 26, with expected earnings per share at a loss of 27 cents and sales at $540.58 million.

Portfolio Pulse from Nabaparna Bhattacharya

October 23, 2024 | 1:27 pm

ENPH

RUN

SEDG

Enphase Energy's stock is plummeting after reporting disappointing Q3 results, with revenue and EPS missing estimates. Analysts have downgraded the stock and slashed price targets, causing a significant selloff. The company's U.S. revenue increased, but European demand softened. Enphase's Q4 revenue forecast is between $360 million and $400 million.

Portfolio Pulse from Adam Eckert

October 23, 2024 | 1:26 pm

CELZ

Creative Medical Technology shares declined following the announcement of a $1.85 million registered direct offering priced at the market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:25 pm

FTCI

FTC Solar's stock is rising following the announcement of a significant supply deal with Sandhills Energy, involving approximately 1GW of projects.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:24 pm

NVA

Nova Minerals shares rose following the announcement of high-grade thick intercepts from the final six holes of their 21-hole drilling program.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:23 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is facing selling pressure ahead of its Q3 earnings report. Analysts expect earnings per share of 58 cents on revenue of $25.37 billion. The stock is currently trading below key moving averages, indicating a bearish trend. However, the RSI suggests it could soon be oversold, potentially signaling a bounce. Concerns about global demand, pricing strategies, and CEO Elon Musk's focus on non-Tesla ventures are weighing on the stock.

Portfolio Pulse from Surbhi Jain

October 23, 2024 | 1:22 pm

LAD

Lithia Motors (NYSE:LAD) reported Q3 earnings per share of $8.21, surpassing estimates. Despite missing revenue expectations, the company expanded its market reach by acquiring new stores in Florida. Lithia Motors declared a dividend and continued share repurchases.

Portfolio Pulse from Nabaparna Bhattacharya

October 23, 2024 | 1:21 pm

LUMO

Lumos Pharma shares surged after announcing a go private placement with Double Point Ventures, offering $4.25 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:20 pm

CYCC

Cyclacel Pharmaceuticals presented clinical data from their ongoing Phase 2 study of oral Fadraciclib at the 2024 EORTC-NCI-AACR Symposium. This development is significant for the company's research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:20 pm