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ESALY

MRK

PFE

Merck announced positive data from the Phase 3 CLEAR/KEYNOTE-581 trial of Keytruda plus Eisai's Lenvima for advanced renal cell carcinoma. The combo showed a clinically meaningful overall survival benefit compared to Pfizer's Sutent.

Portfolio Pulse from Vandana Singh

May 26, 2023 | 9:36 am

PCRFY

TSLA

Wedbush analyst Daniel Ives is impressed by Tesla's efforts to reduce battery costs by 30-50% and ramp up battery production at Giga Nevada. The company aims to produce 100 GWh capacity of in-house 4680 battery cells per year, which would be sufficient to power about 2 million EVs annually.

Portfolio Pulse from Shanthi Rexaline

May 26, 2023 | 9:07 am

BAH

BIG

HIBB

MRVL

WDAY

Big Lots, Marvell Technology, Booz Allen Hamilton, Workday, and Hibbett are stocks to watch on Friday. Big Lots is expected to post a quarterly loss, while Marvell Technology reported better-than-expected Q1 results and expects AI revenue to double in 2024. Booz Allen Hamilton, Workday, and Hibbett are also expected to release earnings.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 9:06 am

MDB

Guggenheim analyst Howard Ma downgrades MongoDB (NASDAQ:MDB) from Neutral to Sell and raises the price target from $205 to $210.

Portfolio Pulse from richadhand@benzinga.com

May 26, 2023 | 8:45 am

NVDA

QQQ

SPY

Jim Cramer advises investors to maintain a high-cash position due to the ongoing debt ceiling crisis, despite potential deals between Democrats and Republicans. Fitch Ratings has placed the US 'AAA' Long-Term Foreign-Currency Issuer Default Rating on Rating Watch Negative. NVIDIA's upbeat forecast and investor interest in AI stocks have balanced market sentiments.

Portfolio Pulse from Bhavik Nair

May 26, 2023 | 8:05 am

TSLA

Tesla CEO Elon Musk announced that the Roadster will reach production by the end of 2023, with design and engineering to be completed this year. However, Musk stated that the Roadster will not have a significant financial impact on Tesla.

Portfolio Pulse from Anan Ashraf

May 26, 2023 | 7:53 am

TCRX

TScan Therapeutics (NASDAQ:TCRX) has priced a secondary stock offering of 22,989,474 shares at $2.00 per share and 47,010,526 pre-funded warrants at $1.9999 per warrant, expecting to raise approximately $140 million before expenses.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 7:26 am

TLRY

Tilray Brands, a global cannabis-lifestyle and consumer packaged goods company, has priced its offering of $150 million in 5.20% Convertible Senior Notes due 2027. The company also granted a 30-day option to underwriters to purchase up to an additional $22.5 million in Notes to cover over-allotments. The offering is expected to close on May 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 7:21 am

RKLB

Rocket Lab USA (NASDAQ:RKLB) successfully completed the second of two dedicated Electron launches to deploy a constellation of tropical cyclone monitoring satellites for NASA.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 7:14 am

BAH

BIG

HIBB

NVDA

SMH

Investor sentiment improved as the CNN Money Fear and Greed index rose to 63.0, following strong quarterly results from NVIDIA Corporation (NASDAQ:NVDA) and an 8.6% jump in the VanEck Semiconductor ETF. Investors are awaiting earnings results from Big Lots, Inc. (NYSE:BIG), Booz Allen Hamilton Holding Corporation (NYSE:BAH), and Hibbett, Inc. (NASDAQ:HIBB).

Portfolio Pulse from Lisa Levin

May 26, 2023 | 6:35 am