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ICE

The New York Stock Exchange (NYSE) reported strong momentum in the first half of 2023, with 12 transfers bringing nearly $100 billion in new market capitalization. NYSE also hosted the year's largest IPO and led the industry in U.S. proceeds. It is home to 8 of the 10 largest transactions and hosted key U.S. officials including House Speaker Kevin McCarthy and Commerce Secretary Gina Raimondo.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:36 pm

STZ

Constellation Brands reported its Q1 financial results and issued guidance, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:36 pm

LUV

Southwest Airlines Co.'s pilots' union is reportedly moving closer to a possible strike. The union has filed a request with the National Mediation Board to be officially released from mediation, stating that talks began more than three years ago and several critical problems remain unsolved. In May, Southwest pilots overwhelmingly authorized union leaders to call for a strike if the National Mediation Board approves it. LUV shares are trading higher by 0.64% at $36.18 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

June 30, 2023 | 12:34 pm

UNCY

Unicycive Therapeutics Inc (NASDAQ:UNCY) shares are trading lower after the company provided an update on its New Drug Application (NDA) for lanthanum dioxycarbonate (LDC), a drug being developed for hyperphosphatemia in chronic kidney disease patients on dialysis. The FDA has requested additional information, including risk assessment and clinical data, to evaluate the tolerability of LDC in patients. The company's shares are down 24.20% in premarket trading.

Portfolio Pulse from Vandana Singh

June 30, 2023 | 12:33 pm

SPY

The PCE Price Index for May has been corrected to 3.8% YoY, lower than the previously reported 4.6%.

Portfolio Pulse from Bill Haddad

June 30, 2023 | 12:32 pm

SPY

The USA Core PCE Price Index for May came in at 0.3%, in line with estimates, but lower than the previous month's 0.4%.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 12:31 pm

CTMX

CytomX Therapeutics has announced a $30 million private placement from BVF Partners L.P., leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 12:31 pm

SPY

The PCE Price Index for May has been reported at 4.6%, which is in line with the expectations.

Portfolio Pulse from Bill Haddad

June 30, 2023 | 12:31 pm

NKE

Nike Inc. reported Q4 revenue of $12.82 billion, up 10% YoY, beating the Street consensus estimate of $12.59 billion. However, its Q4 earnings per share of 66 cents missed the Street consensus estimate of 67 cents. Following the earnings announcement, Raymond James, JP Morgan, and Wedbush revised their price targets on Nike. Nike shares fell 2.9% to $110.10 in pre-market trading.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 12:31 pm

RNLX

Renalytix plc (NASDAQ:RNLX) shares are surging after the FDA granted De Novo marketing authorization for its KidneyIntelX.dkd prognostic test. The test, which uses an AI-enabled algorithm, assesses the risk of progressive kidney function decline in adults with diabetes and early-stage kidney disease. The company reported cash and cash equivalents of $33.0 million as of March 31, 2023, and recognized $0.7 million of revenue in Q3 FY22.

Portfolio Pulse from Vandana Singh

June 30, 2023 | 12:31 pm