Streetbeat News

Stock Prices

HUM

LEN

SHAK

XLV

CNBC's 'Halftime Report Final Trades' featured stock picks from various analysts, including Shake Shack (SHAK), Health Care Select Sector SPDR Fund (XLV), D.R. Horton (HUM), and Lennar Corporation (LEN). D.R. Horton reported better-than-expected sales, while Lennar raised its full-year outlook after strong Q2 results.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 12:46 pm

DMAC

DiaMedica Therapeutics (NASDAQ:DMAC) has announced a $37.5 million private placement of 11,011,406 common shares at $3.40 per share. The proceeds will be used to fund clinical and product development activities for DM199, including the ReMEDy2 clinical trial. The FDA has also removed the clinical hold on the ReMEDy2 trial.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:42 pm

KBH

KB Home (NYSE:KBH) is expected to report lower Q2 earnings of $1.34 per share, down from $2.32 per share a year ago, with revenues of $1.42 billion. The company's shares closed at $51.05 on Tuesday. Analysts from various firms have recently adjusted their price targets for KBH.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 12:41 pm

COIN

MARA

RIOT

Crypto-related stocks Coinbase, Marathon Digital, and Riot Platforms are rising amid a surge in the crypto market, driven by positive developments such as the launch of EDX Markets and BlackRock's application for the first spot Bitcoin ETF in the U.S.

Portfolio Pulse from Adam Eckert

June 21, 2023 | 12:41 pm

SPY

Federal Reserve Chair Jerome Powell testified before Congress, stating that the Fed remains focused on promoting maximum employment and stable prices. The economy has slowed, and inflation remains above the 2% goal. The Fed has tightened monetary policy, raising interest rates and reducing securities holdings.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:41 pm

GSK

GSK announced new data from the AReSVi-006 phase 3 trial, showing that a single dose of Arexvy vaccine is efficacious against RSV-LRTD and severe LRTD in adults aged 60 years and older over two full RSV seasons. The trial also found that revaccination after 12 months does not appear to confer additional benefit for the overall population.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 12:40 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current pause in interest rate hikes is expected to be temporary, as the central bank continues to monitor economic data. This statement may impact the stock market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:39 pm

CMMB

Chemomab Therapeutics reported positive secondary Phase 2a liver fibrosis trial results for CM-101 in NASH patients. The data showed improvements in inflammatory and fibrotic biomarkers, with greater biomarker response in high-risk patients. CMMB shares are up 9.2% in premarket trading.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 12:36 pm

MPW

Viceroy Research has obtained a complaint by the United States against Medical Properties Trust (MPW), Olympia Health Care, and Alecto Healthcare, alleging fraudulent payments and undisclosed interests. MPW has not informed investors of this complaint filed on March 9, 2023.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:35 pm

HAYN

Haynes International (HAYN) provided an update on its operational restoration efforts following a recent cybersecurity incident. Manufacturing operations are now running with some inefficiencies, and administrative, sales, financial, and customer service functions have been substantially restored. The full impact on the company's quarterly financial results is yet to be determined.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 12:34 pm