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MURF

Murphy Canyon Acquisition announced that its stockholders have approved the proposed combination with Conduit Pharmaceuticals Limited. This news led to an increase in the trading of Murphy Canyon Acquisition shares.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:32 pm

ANET

BDX

BROS

CARR

EPD

Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' praised Carrier Global Corporation (CARR), Becton, Dickinson and Company (BDX), and Enterprise Products Partners L.P. (EPD) for their performance and potential. However, he advised against investing in Dutch Bros Inc. (BROS) due to overexpansion. Arista Networks, Inc. (ANET) was also mentioned positively.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 12:32 pm

SLS

SELLAS Life Sciences Group, Inc. (SLS) announced that it met the primary and secondary endpoint in the lymphoma cohort from its SLS009 Phase 1 dose-escalation trial. The trial enrolled 52 relapsed and refractory lymphoma patients, with 96% alive at the last assessment, indicating a favorable survival benefit. The company observed responses across dose levels with a 14.7% clinical response rate overall, a 35.3% overall disease control rate, and a 36.4% clinical response rate in PTCL patients. The recommended Phase 2 dose for lymphoma patients has been established at 100 mg once per week.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:32 pm

SPY

The Philadelphia Fed Manufacturing Index for September has significantly dropped to -13.5, compared to the estimated -0.7 and the prior value of 12.0.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:31 pm

FDS

FactSet Research Systems Inc. reported Q4 FY23 sales growth of 7.3% YoY to $535.797 million, slightly beating the consensus of $535.280 million. However, the adjusted EPS of $2.930 missed the consensus of $3.50. The company repurchased 264,400 shares of its common stock for $109.6 million at an average price of $414.63 during the quarter. The company's outlook for FY24 is below the Street's expectations, with an adjusted EPS of $15.65-$16.15 and GAAP revenues of $2.210-$2.230 billion.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 12:30 pm

GBX

Greenbrier Companies announced orders for 15,300 new railcars valued at $1.9 billion, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:25 pm

TRNS

Transcat has priced a $70 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:24 pm

TVTX

Travere Therapeutics has announced confirmatory data from the Phase 3 PROTECT study of FILSPARI, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:23 pm

ALL

The Allstate Corporation (NYSE:ALL) reported estimated catastrophe losses of $551 million ($435 million after-tax) for August 2023, including $641 million from 18 events, half of which were related to the Maui wildfire. The company also implemented auto rate increases of 7.0% across 5 locations, impacting total brand premium by 0.2%. Since the start of the year, rate increases have resulted in a premium impact of 8.6%, expected to raise annualized written premiums by approximately $2.23 billion. Homeowners insurance average gross written premium increased by 13.2% in August 2023 compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 12:19 pm

BABA

KWEB

MCHI

Alibaba's stock is trading lower, in line with the broader indexes iShares MSCI China ETF and KraneShares Trust KraneShares CSI China Internet ETF. This follows the Federal Reserve's hawkish pause in its tightening cycle, a weakening yuan, and China's housing market crisis. Alibaba recently announced plans to reorganize its businesses into six independently run entities.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 12:19 pm