Streetbeat News

Earnings

GSK

GSK announced that Phase III data for Jemperli (dostarlimab-gxly) combinations show significant potential in treating primary advanced or recurrent endometrial cancer. The combination of dostarlimab-gxly and chemotherapy demonstrated a 31% reduction in risk of death and a 16.4-month improvement in overall survival compared to chemotherapy alone. Additionally, adding Zejula (niraparib) to dostarlimab-gxly maintenance after chemotherapy showed a 37% reduction in risk of disease progression or death and a 6-month improvement in progression-free survival in the MMRp/MSS population.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:35 am

AADI

Aadi Bioscience presented new subgroup analysis at the Society of Gynecologic Oncology, showing efficacy and safety of nab-Sirolimus in treating advanced malignant PEComa of gynecologic origin. This subgroup accounted for over half of the patients in the AMPECT study, with additional data suggesting nab-sirolimus as a potential treatment for mTOR-driven gynecologic cancers.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:24 am

SAIC

Science Applications International Corporation (NASDAQ:SAIC) is anticipated to report lower Q4 earnings with an expected EPS of $1.46, down from $2.04 year-over-year, and a projected revenue of $1.64 billion, compared to $1.97 billion. A dividend of 37 cents per share is declared, payable on April 26, 2024. Analysts have adjusted their ratings and price targets, reflecting a mixed outlook.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 6:08 am

AAPL

Apple Inc. is preparing for a significant AirPods launch, with suppliers GoerTek Inc. and Luxshare Precision Industry Co. starting production in May for a release around September or October. The new AirPods models, codenamed B768(E) and B768(M), will feature a new design, improved fit, USB-C charging cases, active noise cancellation, and Find My speakers. This launch is part of Apple's shift in focus to its wearable business in 2024, following strong Q1 earnings.

Portfolio Pulse from Ananya Gairola

March 18, 2024 | 2:37 am

NVDA

Nvidia Corp. (NASDAQ:NVDA) has experienced a record 10-week winning streak in its stock performance, with anticipation building for its upcoming GPU Technology Conference (GTC) 2024. The event, featuring a keynote by CEO Jensen Huang, is expected to focus on Nvidia's AI ecosystem and product roadmap. Analyst Ruben Roy highlighted the company's rapid product development and the integration of software into system sales, contributing to increased revenues and margins. Nvidia's strategy to capture a significant share of the trillion-dollar total addressable market (TAM) for compute, by transitioning from general-purpose processors to GPUs and other accelerated compute forms, is also noted. Nvidia's stock has outperformed, being the second-best in the S&P 500 and the best in the Nasdaq 100 for the year-to-date.

Portfolio Pulse from Shanthi Rexaline

March 17, 2024 | 3:39 pm

FXI

ORCL

SNAP

The Wall Street Journal reports that TikTok, despite its user growth, remains unprofitable. The article suggests that this situation could impact related US-listed companies or ETFs.

Portfolio Pulse from Charles Gross

March 17, 2024 | 1:48 pm

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

FSR

KARS

PSNY

RIVN

TSLA

Mixed sentiment in the EV sector was influenced by Tesla's lowered delivery estimates and broader market concerns. Tesla faces challenges but sees opportunities in India with new EV policies. Fisker's bankruptcy rumors caused a significant stock drop. Rivian received a positive upgrade from Piper Sandler. Polestar announced a price cut for its upcoming SUV. The KraneShares Electric Vehicles ETF saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 16, 2024 | 2:42 pm

DIS

The Walt Disney Company (NYSE:DIS) faces challenges in the film industry with no 2023 releases hitting the $1 billion mark. CEO Bob Iger announced a studio overhaul, leading to the cancellation of several projects, potentially including 'National Treasure 3' as indicated by Nicolas Cage. This decision may disappoint fans, given the franchise's previous success. Disney's recent investment in Epic Games and its performance in Q1 earnings are also noted.

Portfolio Pulse from Chris Katje

March 16, 2024 | 2:08 pm

LCID

META

NVDA

SMH

TSLA

Benzinga's weekly review highlights significant movements and sentiments in the stock and cryptocurrency markets, with a focus on Nvidia, Tesla, Meta, and the broader semiconductor sector. Inflation concerns and Federal Reserve's interest rate decisions have created market uncertainty. A DEA rumor boosted cannabis stocks, while significant investments in AI and robotics, along with Elon Musk's comments on Dogecoin, influenced investor sentiment. Disputes and criticisms involving Lucid, Meta, and cryptocurrency valuations also shaped the week's bearish outlooks.

Portfolio Pulse from Michael Cohen

March 16, 2024 | 1:24 pm