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SNA

Snap-On Inc. reported a slight decline in Q3 net sales but achieved higher margins and an EPS surprise. Despite a 1.1% drop in sales, gross margin expanded, and EPS beat expectations. The company anticipates steady growth in 2024.

Portfolio Pulse from Akanksha Bakshi

October 17, 2024 | 1:15 pm

BROS

Dutch Bros (NYSE:BROS) has seen a significant increase in short interest, with 12.36% of its float sold short, higher than its peers' average of 10.69%. This indicates a bearish sentiment among investors, although it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 1:15 pm

ABT

Abbott Laboratories reported better-than-expected Q3 earnings, with sales of $10.64 billion and adjusted EPS of $1.21. Analysts have increased their price targets, with Morgan Stanley raising it to $117 and Piper Sandler to $133. Abbott's shares rose 1.5% following the announcement.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 1:14 pm

TCJH

Top KingWin Ltd. announced a change in its trading ticker symbol from 'TCJH' to 'WAI', effective October 21, 2024. The company's shares will continue to be listed on the Nasdaq Capital Market, and no action is required from shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:09 pm

CSX

CSX Corporation reported weaker-than-expected Q3 earnings, missing both earnings per share and revenue estimates. Analysts have subsequently lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

October 17, 2024 | 1:08 pm

MULN

Mullen Automotive has regained full compliance with Nasdaq's listing requirements, leading to the cancellation of a previously scheduled panel hearing. The company will continue its listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:03 pm

SOXX

TSM

September retail sales exceeded expectations, indicating strong consumer spending and positive economic growth. Jobless claims fell more than expected, further boosting market confidence. Semiconductor stocks, led by Taiwan Semiconductor Manufacturing Company (TSMC), surged, driving up the S&P 500 and Nasdaq 100 futures. The iShares Semiconductor ETF (SOXX) also rose significantly.

Portfolio Pulse from Piero Cingari

October 17, 2024 | 1:02 pm

BABA

JTEK

NVDA

PGJ

Alibaba is increasing its AI investments in Lazada to compete with Shopee and TikTok Shop in Southeast Asia's e-commerce market. The company aims to enhance personalized shopping and logistics, targeting $100 billion in e-commerce volume by 2030. Alibaba's stock has risen 21% recently due to China's economic measures.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 1:02 pm

AMWD

American Woodmark (NASDAQ:AMWD) has received mixed analyst ratings over the past three months, with a recent increase in the average 12-month price target to $109.75. The company's financial health shows a decline in revenue growth but strong net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 1:01 pm

OKTA

In the past three months, 23 analysts have rated Okta (NASDAQ:OKTA), with a mix of bullish and bearish perspectives. The average 12-month price target is $104.74, down 9.06% from the previous $115.17. Several analysts have lowered their price targets, reflecting a cautious outlook. Okta's financial performance shows strong net margins and effective debt management, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 1:01 pm