Streetbeat News

Stock Prices

AVXL

Anavex Life Sciences Corp's stock (NASDAQ:AVXL) is rising after the company announced the initiation of a regulatory submission with the European Medicines Agency (EMA) for its Alzheimer's treatment, blarcamesine (ANAVEX2-73). The drug has shown promising results in clinical trials, including the reduction of amyloid aggregation and brain volume loss, as well as significant improvement in dementia symptoms. Anavex is seeking Marketing Authorization in Europe, and the data from its Phase 2b/3 trials will be published in a peer-reviewed journal soon.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:08 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) stock is trading higher after CEO Satya Nadella announced that OpenAI's Sam Altman and Greg Brockman will join Microsoft to lead a new advanced AI research team. This follows OpenAI's decision to replace Altman with former Twitch CEO Emmett Shear. Microsoft has invested in OpenAI and has a tech partnership with the company. Nadella confirmed Microsoft's commitment to the partnership and expressed confidence in the product roadmap and innovation.

Portfolio Pulse from Adam Eckert

November 20, 2023 | 2:07 pm

STM

STMicroelectronics (NYSE:STM) has launched a new series of long-range wireless microcontrollers, the STM32WL3, designed for energy-efficient connectivity in smart metering, smart building, and industrial monitoring. These MCUs extend battery life beyond 15 years and support multi-protocol communication in license-free ISM frequency bands. They feature a unique ultra-low-power radio that can listen for wake-up signals while conserving energy. Customers like Lierda Internet of Things Technology and Silent Smart Technology are already using these MCUs to enhance their products. The STM32WL3 is part of ST's strategy to integrate the radio with the main application controller, simplifying design and reducing power consumption. The MCUs are available in various configurations and are backed by ST's 10-year longevity guarantee.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:04 pm

DELL

HPE

LNVGY

NVDA

NVIDIA has announced that Dell Technologies, Hewlett Packard Enterprise, and Lenovo will integrate NVIDIA's Spectrum-X Ethernet networking technologies into their servers to enhance AI workloads. Spectrum-X, designed for generative AI, offers 1.6x higher performance than traditional Ethernet and will be paired with NVIDIA's GPUs and AI software. The collaboration aims to transform businesses with generative AI, with new systems expected in the next year's first quarter.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 2:02 pm

JNVR

Janover Inc (NASDAQ:JNVR), a B2B fintech marketplace, has acquired Groundbreaker Technologies, a SaaS platform for commercial property professionals. This acquisition is expected to convert 15% of Janover's revenue to SaaS subscription revenue and is part of a longer-term strategy to enhance revenue quality by transitioning to predictable, recurring subscription revenue. The acquisition complements Janover's loan marketplace with an equity funding platform. JNVR shares traded higher by 1.62% at $0.91 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 2:02 pm

API

Agora (NASDAQ:API) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts predicting an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Agora's stock performance has been generally positive over the last 52 weeks, with shares up 17.54%, trading at $3.15 as of November 15. Historical data shows that Agora's share price can react negatively to earnings reports, even when beating EPS estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

ANET

CSCO

DAKT

MLM

MMM

SWKS

VMC

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' advised investors to avoid 3M Company (MMM) due to bad news and litigation risks. He was positive about Daktronics (DAKT), Arista Networks (ANET), and Skyworks Solutions (SWKS), noting their potential despite challenges. Cramer also spoke favorably about Martin Marietta Materials (MLM) and Vulcan Materials Company (VMC), suggesting either as a good choice. He mentioned that Arista and Cisco Systems (CSCO) can be mutually exclusive successful investments.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 2:01 pm

PGRU

PropertyGuru Group (NYSE:PGRU) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts predicting an EPS of $-0.02. Investors are looking for an earnings beat and positive guidance for the next quarter. Historical data shows mixed EPS performance and slight stock price declines following earnings reports. Shares are currently trading at $3.52, down 30.43% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

NJR

New Jersey Resources (NYSE:NJR) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts estimating an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for future growth. In the past, NJR has had mixed results with its earnings performance, sometimes beating and sometimes missing EPS estimates, with varying impacts on the stock price. Currently, shares are trading at $43.01, down 13.79% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm

MNSO

MINISO Group Holding (NYSE:MNSO) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with an estimated EPS of $0.25. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company has surpassed EPS estimates, resulting in share price increases. Shares are currently trading at $26.65, with a 182.94% rise over the last 52 weeks, indicating bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:01 pm