Streetbeat News

Stock Prices

LVMHF

LVMUY

NVO

Novo Nordisk's weight-loss treatment, Wegovy, has brought substantial economic benefits to Denmark, leading to a revision of the country's annual economic growth forecast. The company's success has also boosted Denmark's reputation as a hub for scientific innovation. However, concerns are rising about the Danish economy's dependence on a single company. Novo Nordisk's shares are up 0.20% in premarket trading.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:01 pm

MRK

PFE

The US government will stop distributing free doses of Merck's COVID-19 antiviral treatment, Lagevrio, by mid-November, shifting its availability to the commercial market. The drug's commercial distribution is contingent upon an updated letter of authorization from the FDA. Merck's drug has faced competition from Pfizer's Paxlovid, which has a higher effectiveness rate. Merck's shares are down 0.39% premarket.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:00 pm

AAPL

QCOM

SSNLF

Samsung's upcoming chipset, the Exynos 2400, is reported to be less powerful than Apple's A17 Pro chipset and Qualcomm's Snapdragon 8 Gen 2 chipset. The Exynos 2400 will be used in the Galaxy S24 in certain markets, while the Snapdragon 8 Gen 3 will be used in the US. The A17 Pro chipset is said to be over 30% more powerful than the Snapdragon 8 Gen 3 chipset in single-core performance. This could impact the performance of Samsung's Galaxy S24, scheduled to launch in 2024.

Portfolio Pulse from Rounak Jain

October 05, 2023 | 12:59 pm

CAG

Conagra Brands expects a low-single digit decline in organic net sales for Q2, due to volume declines and inflation-driven pricing actions. Gross and operating margins are also expected to be lower than Q1 due to increased trade and A&P investment. However, the company anticipates low-single digit organic net sales growth in the second half of the year, driven by volume growth.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:59 pm

CMBM

Cambium Networks has revised its Q3 revenue outlook downwards to $40-$45 million from the previous estimate of $62-$70 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:58 pm

AAPL

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) is expected to report a 10% revenue decline this year due to insufficient iPhone chip sales to balance the fall in other chip orders, according to industry sources.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:57 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported Q2 FY24 net sales growth of 7% YoY to $2.84 billion, beating the analyst consensus estimate of $2.82 billion. The Beer segment's net sales increased 12% YoY, while Wine and Spirits declined 14% YoY. The company raised its FY24 Comparable EPS outlook from $11.70 - $12 to $12 - $12.20. However, STZ shares are trading lower by 0.75% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 12:57 pm

RGP

Resource Connection (RGP) shares are trading lower following the company's mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:55 pm

MXCT

MaxCyte announced a year-over-year decrease of 25 to 27 percent in preliminary Q3 total revenue, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:54 pm

SP

Metropolis Technologies has announced its plan to acquire SP Plus for $1.5 billion, leading to a rise in SP Plus shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:54 pm