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VIRC

Virco Mfg (NASDAQ:VIRC) reported Q1 earnings, beating estimates by 47.06% with an EPS of $-0.09 compared to an estimate of $-0.17. Revenue increased by $2.86 million YoY. Last quarter, the company beat EPS estimates by $0.25, followed by a 3.81% drop in share price.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 11:35 am

CSTL

Castle Biosciences has presented new data demonstrating the ability of its DecisionDx-SCC test to identify cutaneous squamous cell carcinoma tumors at a biologically high risk of metastasis.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:10 am

GME

GWRS

SPFI

Insiders have recently purchased shares in GameStop Corp. (GME), Global Water Resources, Inc. (GWRS), and South Plains Financial, Inc. (SPFI). These purchases signal confidence in the companies' prospects and may present an opportunity for investors.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 11:09 am

ILMN

Illumina shares are trading higher after CEO Francis deSouza resigned amid pressure from activist investor Carl Icahn.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:06 am

NIO

NIO Inc reported Q1 FY23 sales growth of 7.7% YoY, missing consensus estimates. The company expects a decline in Q2 revenue and announced price cuts on all new models. Analysts from B of A Securities, JP Morgan, and Citigroup have lowered their price targets on NIO.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 11:06 am

NDAQ

Nasdaq announced the acquisition of Adenza for $10.5 billion in cash and stock, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:02 am

QQQ

SPY

U.S. stocks are set to start the week on an upbeat note, as traders begin to bake in a pause by the Federal Reserve when it meets this week. The S&P 500 Index is now officially in the bull market territory, having rallied over 20% from its October lows. In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) gained 0.18% to $430.66 and the Invesco QQQ ETF (NASDAQ:QQQ) rose 0.36% at $355.79.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 11:00 am

ORCL

Oracle's stock is trading higher following an upgrade from Wolfe Research, which changed its rating from Peer Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:58 am

AMD

AMD shares are trading higher after KeyBanc maintained an Overweight rating on the stock and raised its price target from $110 to $150. The stock is also gaining amid overall strength in semis.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 10:56 am

KDNY

ORCL

XPEV

Several stocks recorded gains in today's pre-market trading session, including Chinook Therapeutics, which jumped 66.8% after agreeing to be acquired by Novartis AG. XPeng's shares climbed 9.6% following strong pre-sale orders for its new SUV, the G6. Other notable gainers include Braskem, Paramount Global, Olo Inc., Kingsoft Cloud Holdings, Archer Aviation, Amprius Technologies, Intellia Therapeutics, NIO, and Oracle Corporation.

Portfolio Pulse from Lisa Levin

June 12, 2023 | 10:55 am