Streetbeat News

Stock Prices

USM

The trading of United States Cellular Corporation (USM) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:12 pm

TWST

Twist Bioscience anticipates achieving adjusted EBITDA breakeven for its core business (SynBio, NGS) in Q4 of FY24. The company also projects its fiscal year-end cash to be $220M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:12 pm

LLY

Eli Lilly and Company (LLY) announced that its LIBRETTO-431 study of Retevmo met its primary endpoint. The study was designed to evaluate the efficacy and safety of Retevmo in patients with treatment-naive RET fusion-positive non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:12 pm

ALLR

BIOL

GMVD

PEN

ZVSA

The article lists the top 5 oversold health care stocks that could potentially rise in August. The stocks mentioned are BIOLASE, Inc. (BIOL), G Medical Innovations Holdings Ltd (GMVD), Allarity Therapeutics, Inc. (ALLR), ZyVersa Therapeutics, Inc. (ZVSA), and Penumbra, Inc. (PEN). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:12 pm

SHAK

Shake Shack Inc (NYSE:SHAK) reported Q2 FY23 sales growth of 17.8% YoY to $271.80 million, missing the analyst consensus of $274.40 million. However, its adjusted pro forma EPS was $0.18 for the quarter, beating the consensus of $0.09. Following the earnings announcement, TD Cowen, Barclays, and Raymond James analysts raised their price targets on Shake Shack.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:12 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) reported Q2 revenue of $134.4 billion, beating estimates of $131.54 billion, and earnings of 65 cents per share, surpassing estimates of 34 cents per share. The company expects Q3 revenue to be between $138 billion and $143 billion. Following the announcement, Amazon shares gained 9% in pre-market trading. Several analysts, including those from Telsey Advisory Group, JP Morgan, Rosenblatt, and JMP Securities, raised their price targets on Amazon.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 3:12 pm

TWST

Twist Bioscience has updated its Q4 FY23 revenue guidance to $63M-$64M, up from the previous guidance of $62M-$63M and above the consensus of $62.25M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:11 pm

ACLS

Craig-Hallum analyst Christian Schwab has downgraded Axcelis Technologies (NASDAQ:ACLS) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 3:11 pm

TUP

Tupperware Brands Corp (NYSE:TUP) has announced a debt restructuring deal with lenders to improve its financial position. The agreement includes a reduction and reallocation of around $150 million of cash interest and fees, an extension of the maturity of about $348 million of principal and reallocated interest and fees to FY27, and access to a revolving borrowing capacity of about $21 million. Tupperware shares have surged over 430% last month.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 3:11 pm

CBOE

CBOE Global Markets anticipates a higher end of organic total net revenue growth range of 7-9%. The company also expects adjusted operating expenses to be between $766M-$774M, down from the previous range of $769M-$779M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:10 pm