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AEO

ANF

LEVI

SHOO

WINA

The resurgence of '90s fashion is benefiting several US-listed companies. Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) have reported strong earnings, with ANF hitting an all-time high. Levi Strauss (LEVI) and Steve Madden (SHOO) have also seen significant stock gains. Winmark Corp (WINA) is expected to benefit from increased thrift shopping.

Portfolio Pulse from Aaron Bry

May 31, 2024 | 1:33 pm

COIN

The cryptocurrency market's maturity, marked by reduced volatility, is expected to impact Coinbase's trading revenue. Despite exceeding Q1 projections, Coinbase's trading volume has significantly dropped from its 2021 peak. The company's future remains promising with diversified revenue sources and potential growth if the bull market continues.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 1:30 pm

GILD

Gilead shares are trading lower after the company's Phase 3 TROPiCS-04 study missed its primary endpoint of overall survival.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:28 pm

GILD

Gilead Sciences Inc (NASDAQ:GILD) announced that its Phase 3 TROPiCS-04 study for Trodelvy in treating metastatic urothelial cancer did not meet its primary endpoint of overall survival. The study showed numerical improvement in overall survival favoring Trodelvy, but also a higher number of deaths due to adverse events compared to chemotherapy. Gilead will further investigate the data and discuss next steps with the FDA. GILD shares were trading lower by 2.23% premarket.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 1:27 pm

REGN

SNY

The FDA has extended the review deadline for Regeneron and Sanofi's Dupixent for treating COPD to September 27, 2024. The extension follows the submission of additional efficacy analyses. The European Medicines Agency has also recommended approval of Dupixent for COPD in the EU.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 1:23 pm

STM

The European Commission has approved a €2 billion Italian state aid to support STMicroelectronics (NYSE:STM) in establishing a chip manufacturing facility in Catania, Sicily. The plant will produce Silicon Carbide (SiC) power devices, contributing to Europe's technological self-sufficiency and digital sovereignty. The project aims to enhance the supply and resilience of semiconductor technologies crucial for digital and green transitions.

Portfolio Pulse from Shivani Kumaresan

May 31, 2024 | 1:09 pm

GP

GreenPower Motor Company Inc. (NASDAQ:GP) will unveil a new all-electric refrigerated truck at Home Delivery World on June 5-6. The company will showcase its EV Star line of commercial vehicles designed for mid to last-mile delivery.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:07 pm

PSNL

Personalis announced that Tempus has begun commercialization of NeXT Personal, an ultra-sensitive liquid biopsy assay for detecting minimal residual disease and cancer recurrence.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:06 pm

CRTO

DG

Dollar General has partnered with Criteo to enhance its retail media offerings. This collaboration will support Dollar General's onsite sponsored ads and plans to introduce new ad formats later this year.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:03 pm

FLEX

Flex has acquired FreeFlow to enhance its asset disposition and digital circular economy capabilities. FreeFlow's platform facilitates B2B sales of surplus inventory.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:02 pm