News Bulletin

Tuesday, October 3rd, 2023
Morning Edition

Economic Numbers:

Time

Event

Forecast

Previous

8:00

FOMC Member Bostic Speaks 

 

 

10:00

IBD/TIPP Economic Optimism

41.6

43.2

10:00

JOLTs Job Openings (Aug)

8.800M

8.827M

16:30

API Weekly Crude Oil Stock

-0.092M

1.586M

 

Indices
 

 

CLOSE

50 DMA

200 DMA

DJIA

33433.35

34694.75

33,804.13

NASDAQ

13,307.77

13723.24

12532.81

S&P 500

4288.39

4,447.74

4200.81

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap : market Capital/ BMO : Before Market Opening /AMC : After Market Close)

Company

EPS

  Forecast

Revenue

  Forecast

Market Cap

Time

Carnival ADS (CUK)

--

0.7598

--

  6.7B

16.70B

BMO

Carnival Corp (CCL)

--

0.7598

--

  6.7B

16.61B

BMO

McCormick & Comp (MKCv)

--

0.6528

--

  1.7B

20.16B

BMO

McCormick&Co (MKC)

0.65

0.65

1.68B

  1.7B

20.16B

 

Trinity (TRIB)

--

-0.09

--

  13.5M

26.75M

 

Virtus Dividend Interest Premium Strategy Fund (NFJ)

--

  --

--

  --

1.07B

 

Virtus Equity Convertible (NIE)

--

  --

--

  --

548.08M

 

Comtech (CMTL)

--

-0.2242

--

  140.2M

237.01M

 

PIMCO Municipal Income Fund (PMF)

--

  --

--

  --

217.88M

 

Lifecore Biomedical (LFCR)

--

-0.185

--

  23.11M

215.44M

 

PIMCO California Municipal Income (PCQ)

--

  --

--

  --

157.72M

 

QEP (QEPC)

--

  --

--

  --

65.65M

 

Bed Bath & Beyond (BBBYQ)

--

-0.66

--

  1.36B

62.52M

 

Rite Aid (RAD)

--

-1.47

--

  5.56B

25.94M

 

Galaxy Next (GAXY)

--

  --

--

  --

349.63K

 

Cal-Maine (CALM)

--

0.3267

--

  473.37M

2.33B

AMC

Novagold (NG)

--

-0.03

--

  --

1.18B

AMC

 

Market News:   

Point Biopharma (NASDAQ:PNT) shares spiked after Eli Lilly & Co (NYSE:LLY) announced that it had agreed to buy the cancer biotech for around $1.4 billion to expand its oncology therapies into radioligand treatments, which deliver radiation to tumor cells at a closer range.

 

ALX Oncology (NASDAQ:ALXO) shares soared after it unveiled interim mid-stage data for a trial of its drug treating advanced gastric cancer.

 

McCormick (NYSE:MKC) stock slid after the spice maker posted weaker-than-expected net sales for the recent quarter and a bigger-than-anticipated drop in product volume due in part to flagging demand in its Asia-Pacific operations.

 

Airbnb (NASDAQ:ABNB) shares fell after analysts at KeyBanc Capital Markets lowered their rating of the short-term home rental business, citing an easing in post-pandemic travel activity.

 

Warner Music Group (NASDAQ:WMG) shares moved higher after analysts at UBS raised their rating of the entertainment firm to buy from neutral.

 

HP (NYSE:HPQ) shares gained following an upgrade of the stock by Bank of America analysts to buy from underperform.

 

Oddity Tech Ltd. (NASDAQ:ODD) stock climbed after analysts at Truist Securities improved their rating to buy from hold, citing the beauty and wellness platform's compelling valuation.

 

For internal use only