Streetbeat News

Earnings

KYMR

Kymera Therapeutics presented new clinical findings from its ongoing Phase 1 study of KT-253, an MDM2 degrader, at ASCO 2024. The study showed initial clinical proof of concept in patients with tumor types sensitive in preclinical models, including MCC and AML. KT-253 demonstrated target engagement and upregulation of p53 pathway biomarkers even at low doses and was generally well tolerated without hematologic adverse events. Additional data is expected in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:40 am

NVDA

Elon Musk's AI company xAI plans to invest in Nvidia's next-generation AI chips, the Blackwell B200s, highlighting Nvidia's market dominance. Analyst Pierre Ferragu emphasizes the significant performance and cost improvements of the B200s over the H100s. Nvidia's AI infrastructure is in high demand, with major clients like Microsoft, Meta, and Google increasing their capital expenditures.

Portfolio Pulse from Ananya Gairola

June 03, 2024 | 8:03 am

DELL

GPS

HQY

LVRO

MDB

SAIC

Investor optimism has improved, with U.S. stocks recording gains for May. The Dow Jones had its best session of the year on Friday, despite losses last week. MongoDB, Inc. (MDB) fell 24% due to weak FY25 guidance, while Dell Technologies Inc. (DELL) dipped 18% despite positive earnings. The Gap, Inc. (GPS) surged over 28% after strong quarterly results. Investors are awaiting earnings from Science Applications International Corporation (SAIC), Lavoro Limited (LVRO), and HealthEquity, Inc. (HQY).

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 7:52 am

ADSK

HQY

LVRO

SAIC

YGMZ

Several stocks are expected to capture investor attention today, including Science Applications International Corporation (SAIC), Autodesk, Inc. (ADSK), HealthEquity, Inc. (HQY), MingZhu Logistics Holdings Limited (YGMZ), and Lavoro Limited (LVRO). Key earnings reports and corporate actions are driving premarket movements.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 7:52 am

BAH

DELL

MTZ

PSTG

SMTC

Top Wall Street analysts with high accuracy rates have made new stock picks for May. Notable picks include Pure Storage, Dell Technologies, Booz Allen Hamilton, MasTec, and Semtech Corporation, all of which have received positive ratings and increased price targets following strong financial results.

Portfolio Pulse from Avi Kapoor

June 03, 2024 | 7:40 am

NVDA

Nvidia CEO Jensen Huang delivered a keynote at Computex 2024, highlighting Nvidia's advancements in AI, accelerated computing, and new product roadmaps. He emphasized the importance of Nvidia's partnerships in Taiwan and introduced upcoming technologies like the Blackwell Ultra and Rubin platforms. Analysts and market watchers were highly impressed, predicting a positive impact on Nvidia's stock.

Portfolio Pulse from Shanthi Rexaline

June 03, 2024 | 7:11 am

AAPL

AMZN

META

MSFT

NFLX

SONY

TSLA

The article covers various developments in the consumer tech world from May 26 to May 31, including updates from Apple, Netflix, Meta Platforms, Amazon, Sony, Microsoft, and Tesla. Key highlights include Apple's new OLED iPad Pro and potential design changes, Netflix's new animated series and reality game show, Meta's removal of covert influence campaigns, Amazon's AI integration in Fire TV, Sony's PS5 sales milestone, Microsoft's upcoming 'Call of Duty' release on Xbox Game Pass, and Tesla's new video game initiatives.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 10:50 pm

AZN

AstraZeneca announced that its drug Tagrisso significantly reduced the risk of disease progression or death by 84% in patients with unresectable, Stage III EGFR-mutated lung cancer compared to placebo in the LAURA Phase III trial. The results will be presented at the 2024 ASCO Annual Meeting and published in The New England Journal of Medicine.

Portfolio Pulse from Charles Gross

June 02, 2024 | 6:25 pm

CELH

CRM

DKNG

HRL

IOT

MDB

NOW

NTNX

SNOW

The article highlights the ten large-cap stocks that were the worst performers last week, including MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius Holdings, Agilent Technologies, Snowflake, ServiceNow, and Hormel Foods. The declines were driven by weak guidance, earnings results, tax hikes, and other factors.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 3:12 pm

BBY

BIRK

BURL

CAVA

DKS

HPQ

MRO

NIO

ONON

Ten stocks, including NIO and Best Buy, were the best performers last week. Key drivers included strong earnings reports, raised guidance, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 2:57 pm