Streetbeat News

Stock Prices

EVLO

Evelo Biosciences' shares are trading lower after the company reported that the primary endpoint in its Phase 2 clinical study with EDP2939 in moderate psoriasis was not achieved. The company is also exploring strategic alternatives.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:23 pm

SXT

Sensient Technologies' stock has been upgraded from Neutral to Outperform by Baird, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:20 pm

GS

Goldman Sachs CEO has announced that the bank will continue to buy back its own stock. This move is expected to boost the bank's share price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:20 pm

DXC

DXC Technology's stock has been downgraded from Peer Perform to Underperform by Wolfe Research, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:19 pm

AMZN

Amazon plans to launch Amazon.co.za in South Africa in 2024, allowing local sellers to reach customers across the country. Independent sellers in South Africa can register their business online starting October 17, 2023. More than 60% of sales in Amazon's store are from independent sellers, most of which are small and medium-sized businesses. Amazon's shares are trading lower by 1.86% to $130.08.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 2:18 pm

VFC

V.F. Corporation shares are trading higher following a report by WSJ that Engaged Capital has built a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:17 pm

REGN

Regeneron Pharmaceuticals Inc.'s (NASDAQ:REGN) share price is currently at $844.27, after a 0.07% increase. Over the past month, the stock decreased by 0.18%, but in the past year, it went up by 17.75%. The company's P/E ratio of 22.3 is lower than the Biotechnology industry average of 39.1, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:15 pm

INTC

Intel Corporation's shares are trading lower after the US government introduced new rules to prevent China from using US AI technology for military purposes. These rules restrict chip shipments to China, Iran, and Russia and blacklist two Chinese chipmakers. Given a portion of Intel's revenue is tied to the Chinese market, any disruptions or restrictions in that market can directly affect its financial performance.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 2:11 pm

ASML

FXI

SPY

The US government has updated its regulations on the export of advanced chip manufacturing technology, which will affect ASML Holding N.V.'s sales distribution in the medium to long term. However, ASML does not anticipate a significant impact on its financial outlook for 2023, 2025, and 2030. The company will seek further clarification from US authorities on the scope of the new regulations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:08 pm

BABA

JD

KWEB

NVDA

PDD

Alibaba Group Holding Limited (NYSE:BABA) is facing economic slowdown and deflationary pressure, with its stock trading lower. The U.S. government plans to halt shipments of advanced AI chips to China, affecting Nvidia Corp (NASDAQ:NVDA). Alibaba's Taobao & Tmall Group are offering massive discounts to compete with JD.com Inc (NASDAQ: JD) and PDD Holdings Inc (NASDAQ: PDD). Analysts have been reducing their price targets for Alibaba and JD.com due to sales not meeting expectations.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 2:08 pm