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Stock Prices

CNTA

Centessa Pharmaceuticals has announced an upsized public offering of 15,254,237 American Depositary Shares (ADS) at $14.75 per ADS, expected to raise approximately $225 million. The offering is set to close around September 16, 2024, with an option for underwriters to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:32 am

BABA

Alibaba Group has launched an AI-driven English version of its Taobao app in Singapore, quickly topping the App Store charts. This move is part of Alibaba's strategy to expand globally and leverage AI technology. Despite some feature improvements needed, the app's success highlights Alibaba's commitment to enhancing user experience and operational efficiency.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 6:08 am

ZBIO

Zenas BioPharma has announced the pricing of its upsized $225 million Initial Public Offering (IPO) with 13,235,294 common shares at $17 each. The company's stock will trade on the Nasdaq under the ticker 'ZBIO' starting September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 5:47 am

AAPL

Huawei's Mate XT Ultimate Design is challenging Apple's iPhone in China, but its screen replacement costs are notably high. The Mate XT's price and features are part of Huawei's strategy to compete with Apple's iPhone 16 series, which has faced criticism in China for lacking AI features.

Portfolio Pulse from Ananya Gairola

September 13, 2024 | 5:34 am

BA

Boeing faces potential production disruptions as over 30,000 workers plan to strike after rejecting a labor contract. The strike could cost Boeing $1.5 billion if it lasts 30 days, adding to existing production challenges.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 5:23 am

CMCM

GOOG

GOOGL

NVDA

SIG

SLQT

The S&P 500 gained for the fourth consecutive session, driven by tech stocks like Nvidia and Alphabet. Despite the gains, the CNN Money Fear and Greed index remains in the 'Fear' zone. Signet Jewelers reported strong earnings, and investors are awaiting results from SelectQuote and Cheetah Mobile.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 5:22 am

ADBE

CMCM

ORCL

RH

SLQT

Several stocks are in focus as U.S. stock futures trade slightly lower. SelectQuote is expected to report a quarterly loss, Adobe reported better-than-expected Q3 earnings but saw a share dip, Cheetah Mobile is set to release earnings, RH reported strong Q2 results, and Oracle projected significant future revenue growth.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 5:19 am

ADBE

ORCL

Jim Cramer criticizes analysts for their negative stance on Adobe despite its strong Q3 earnings, urging a balanced view. Adobe reported record revenue and earnings per share, surpassing expectations. Despite this, Adobe's stock fell in after-hours trading.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 5:06 am

BBJP

DXJ

EWJ

Japan's industrial production for July increased by 3.1%, surpassing the estimated 2.8% and recovering from a prior decline of 4.2%. This positive data may impact ETFs focused on Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:46 am

META

Meta Platforms' social media platform, Threads, is reportedly using engagement baiting to boost user interaction. This strategy, which favors posts with high comment counts, has led to increased user engagement. Threads reached 200 million active users in August 2024, showcasing its growth.

Portfolio Pulse from Ananya Gairola

September 13, 2024 | 3:48 am