Streetbeat News

Stock Prices

GSK

GSK's cancer drug Jemperli, when combined with standard chemotherapy and Zejula maintenance, has shown improved progression-free survival in advanced ovarian cancer patients in a late-stage trial.

Portfolio Pulse from

December 20, 2024 | 8:00 am

WU

Western Union is expanding its digital wallet services in Singapore and Mexico and is growing a new advertising business segment. The company has approved a $1 billion share repurchase authorization, and its stock is considered undervalued by 25% to 35% using a dividend discount model.

Portfolio Pulse from

December 20, 2024 | 7:30 am

FDX

The article discusses the varying success of company spinoffs, highlighting GE Vernova's 154% increase compared to Kenvue's and Solventum's declines. It suggests potential implications for companies like Honeywell and FedEx considering similar strategies.

Portfolio Pulse from

December 20, 2024 | 7:15 am

MU

Micron Technology's stock dropped 16% due to weaker NAND and mobile orders, but AI and data center DRAM markets remain strong. The company's forward P/E ratio is below the sector median, offering a buying opportunity with a 108% upside potential.

Portfolio Pulse from

December 20, 2024 | 7:15 am

BNO

Oil prices have dropped by 3% due to a combination of factors including a slowdown in China's demand, revised forecasts by OPEC+, and the impact of a strong U.S. dollar on market sentiment.

Portfolio Pulse from

December 20, 2024 | 7:00 am

QIPT

Quipt Home Medical has faced operational challenges, including Medicare policy changes and a cyberattack, leading to a 50% stock drop this year. Despite these setbacks, the company maintains stability through its recurring revenue model and strong gross margins. Quipt plans to achieve 8%-10% growth in FY2025 through organic expansion and acquisitions.

Portfolio Pulse from

December 20, 2024 | 7:00 am

NKE

Nike's CEO Elliott Hill identified three key areas for improvement, including reducing excessive promotions and discounts. This strategy shift may lead to higher prices for customers.

Portfolio Pulse from

December 20, 2024 | 6:45 am

BIG

Big Lots is starting 'going out of business' sales at its remaining locations as it does not expect to close the sale to Nexus Capital. This follows the company's Chapter 11 bankruptcy proceedings.

Portfolio Pulse from

December 20, 2024 | 6:30 am

WBD

A class action lawsuit has been filed against Warner Bros. Discovery, Inc. (WBD) seeking recovery for investors who suffered losses. Investors are encouraged to contact Levi & Korsinsky for more information.

Portfolio Pulse from

December 20, 2024 | 5:15 am

SYM

Shareholders of Symbotic Inc. (SYM) who incurred losses are encouraged to contact Levi & Korsinsky for information on a potential class action lawsuit under federal securities laws.

Portfolio Pulse from

December 20, 2024 | 5:15 am