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Stock Prices

SPY

The S&P Global US Manufacturing PMI for August was reported at 47.9, slightly below the estimated 48.0 and down from the prior 49.6. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:45 pm

MRK

PCVX

PFE

Vaxcyte, Inc. (NASDAQ:PCVX) announced promising results from its Phase 1/2 trial of VAX-31, a 31-valent pneumococcal vaccine, showing strong immune responses and safety. The stock surged 42.3% following the news. VAX-31 will advance to Phase 3 trials, with plans for a pediatric study in 2025.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 1:40 pm

BAC

SPY

Bank of America Global Research has revised its global GDP growth forecast for 2024 down to 3.1% from the previous 3.2%.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:36 pm

NVAX

The FDA has granted Emergency Use Authorization to Novavax's updated COVID-19 vaccine, targeting currently circulating variants. The vaccine is recommended by the CDC and will be available soon. Novavax's stock rose by 3.30% following the news.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 1:35 pm

FMCX

KKR

LBO

Bain Capital plans to outbid KKR for the acquisition of Fuji Soft, offering 5% more than KKR's bid. This move intensifies the competition for the Japanese software developer, which is valued at approximately $4.1 billion. KKR had previously announced its intention to take Fuji Soft private. Investors can gain exposure to this situation through ETFs like FM Focus Equity ETF and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF.

Portfolio Pulse from Lekha Gupta

September 03, 2024 | 1:34 pm

AAPL

AMD

ARM

INTC

IVW

IWF

MSFT

QCOM

Microsoft's new AI PCs, powered by Qualcomm chips and Arm designs, face gaming compatibility issues, unlike traditional Intel-powered PCs. Analysts expect improvements with Intel's upcoming AI chips. Microsoft stock has gained over 25% in the last year, with a current price above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 1:33 pm

MAXN

Maxeon Solar Technologies shares fell after the company withdrew its FY24 and Q3 guidance, citing unprecedented uncertainty and expected significant revenue decline.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:33 pm

IDAI

T Stamp shares declined following the announcement of a $2 million direct offering.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:30 pm

RXRX

Recursion Pharmaceuticals (NASDAQ:RXRX) shares fell after announcing Phase 2 trial results for REC-994 in treating Cerebral Cavernous Malformation. While the trial met safety endpoints, no significant improvements in patient outcomes were observed at 12 months. The company plans further studies and discussions with the FDA.

Portfolio Pulse from Adam Eckert

September 03, 2024 | 1:28 pm

AMD

CDNS

META

MSFT

NVDA

SNPS

SOXX

TDIV

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is collaborating with global chip designers and suppliers to develop next-generation silicon photonic solutions, crucial for AI computing. The stock is trading lower premarket despite a 40% projected growth in the silicon photonics market. TSM has invested significantly in U.S. facilities, countering claims of job loss to Taiwan.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 1:28 pm