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Stock futures were mixed on Thursday as traders await the Federal Reserve's rate-setting meeting next week. Bond yields rose, reflecting expectations of rate hikes. The eurozone fell into a technical recession, potentially aggravating fears of a recession in the US. LPL Financial's Jeffrey Buchbinder has a muted outlook for the market, stating that the risk-reward for stocks is no longer compelling.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 11:11 am

SCWX

SecureWorks has reiterated its FY24 sales guidance of $380M to $400M, compared to the $390.75M estimate. The company also expects an adjusted EPS of ($0.34) to ($0.43), compared to the prior guidance of ($0.35) to ($0.26) and the ($0.33) estimate.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:11 am

GRTS

Gritstone bio has published interim results from its Phase 1 study of a self-amplifying mRNA vaccine against COVID-19 in Nature Communications. The results show promising safety and immunogenicity data.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:09 am

RENN

Renren Inc. plans to change its name to Moatable, Inc. and retire its existing ticker symbol RENN on June 22, 2023. The company will be traded under the new ticker symbol MTBL.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 11:04 am

SIG

Signet Jewelers has reduced its FY24 total sales outlook from $7.67B-$7.8B to $7.10B-$7.30B, below the consensus estimate of $7.73B.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:56 am

SIG

Signet Jewelers expects Q2 total sales to be between $1.53B and $1.58B, lower than the consensus estimate of $1.75B. The company cites a recent deceleration of trends, a softer than expected Mother's Day, increasing macro-economic pressures on consumers, and deeper competitive discounting.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:54 am

DBI

Designer Brands has lowered its FY23 EPS guidance to $1.20 - $1.50, down from the previous range of $1.65 - $1.75, and below the estimated $1.64.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am

SIG

Signet Jewelers (SIG) has revised its guidance to reflect the current macro environment, which may impact the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:52 am

GHM

Graham (NYSE:GHM) reported Q4 sales of $43.00 million, beating the analyst consensus estimate of $36.50 million by 17.81% and marking an 8.21% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 10:33 am

ARKF

ARKK

ARKW

SQ

Ark Invest, led by Cathie Wood, purchased 227,365 shares of Block, Inc. (NYSE:SQ) worth $15.06 million through its ARKK, ARKW, and ARKF ETFs. Block offers Bitcoin trading via its Cash App and holds the cryptocurrency on its balance sheet. The purchase comes amid a slump in major cryptocurrencies.

Portfolio Pulse from Shanthi Rexaline

June 08, 2023 | 10:30 am