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Revenues

NGNE

Neurogene's NGN-401 gene therapy for Rett Syndrome has been selected for the FDA's START Program, which aims to accelerate the development of rare disease therapeutics. The therapy is currently in a Phase 1/2 clinical trial evaluating two dose levels.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:45 am

EFRGF

Pasofino Gold Limited (OTC:EFRGF) has completed its diamond core drilling program at the Bukon Jedeh gold camp within the Dugbe Gold Project in Liberia. The drilling program, which included 11 holes totaling 1,328 meters, revealed encouraging visual results with sulphide-bearing zones. The first batch of samples will be sent to the laboratory in early June, with results expected in July 2024.

Portfolio Pulse from Vandana Singh

June 03, 2024 | 11:40 am

JBLU

JetBlue has revised its Q2 revenue outlook slightly upward due to better operational performance and declining jet fuel prices. The company maintains a high completion factor of approximately 99%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:30 am

AMC

GME

GTLB

NVDA

QQQ

SAIC

SPY

Wall Street is poised for a strong start to June, driven by a resurgence in meme stocks and positive tech sector developments. GameStop and AMC Entertainment saw significant premarket gains due to renewed interest from investors. Nvidia also rose following a keynote address at Computex 2024. Key economic data and manufacturing activity reports are expected to influence market sentiment throughout the week.

Portfolio Pulse from Shanthi Rexaline

June 03, 2024 | 11:29 am

SKT

Tanger Factory Outlet Centers (SKT) plans to open five new Sephora stores in its shopping centers later this year. The new locations will be in Charleston, S.C.; Deer Park, N.Y.; National Harbor, Md.; Palm Beach, Fla.; and Phoenix/Glendale, Ariz.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:24 am

HON

Honeywell has raised its FY24 sales outlook to $38.5B - $39.3B and adjusted EPS to $10.15 - $10.45, surpassing estimates. The company expects organic sales growth of 4% to 6%, segment margin expansion of 30 to 60 basis points, and free cash flow of $5.6B to $6.0B.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:22 am

HON

Honeywell has raised its Q2 sales outlook to $9.3B - $9.6B and adjusted EPS to $2.35 - $2.45, indicating positive growth. The company expects organic sales growth of 1% to 4% and a segment margin of 22.7% to 23.1%.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:19 am

GHM

Graham Corporation (NYSE:GHM) has secured $17 million in orders for two expansion projects in the energy and petrochemical sectors in North America and the Middle East.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:16 am

SRCL

Waste Management (WM) expects its acquisition of Stericycle (SRCL) to be accretive to earnings and cash flow within one year of closing. The deal, approved by both companies' boards, is expected to close in Q4 2024. WM will finance the transaction using a combination of bank debt and senior notes.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 11:08 am

DIA

GLD

QQQ

SPY

UNG

On May 31st, the U.S. stock markets closed mixed with the Dow and S&P 500 ending higher, driven by month-end repositioning. The Federal Reserve's preferred inflation measure remained steady at 2.7% year-on-year in April 2024. Almost all sectors of the S&P 500 finished in the green, led by the energy sector, while the technology sector ended slightly down. Asian and European markets also saw gains, with notable increases in Japan's Nikkei 225 and India's Nifty 50. Commodities showed mixed results, with natural gas gaining significantly.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 11:03 am