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BABA

Alibaba Group Holding Ltd (NYSE:BABA) shares closed lower by 2.99% to $78.78 in Thursday's session due to concerns over a COVID wave in China. COVID infections in China could reach 65 million cases per week by the end of June.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 8:25 pm

ULTA

Ulta Beauty reported Q1 revenue of $2.63 billion and EPS of $6.88, slightly beating estimates. The company raised its full-year 2023 guidance, but it remains below analyst expectations. Ulta ended the quarter with $636.4 million in cash and repurchased $285.8 million in common stock.

Portfolio Pulse from Adam Eckert

May 25, 2023 | 8:24 pm

JD

JD.com's stock closed 4.25% lower at $32.44 on Thursday, possibly due to concerns over a COVID wave in China. COVID infections in China could reach 65 million cases per week by the end of June, according to respiratory disease specialist Zhong Nanshan.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 8:23 pm

EPM

Evolution Petroleum Corporation (NYSE:EPM) is set to rejoin the Russell 2000 and Russell 3000 indexes at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023. The company's re-inclusion illustrates its financial and operating growth under its long-term strategic plan.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:23 pm

HLF

IEP

Icahn Enterprises' stock plummeted 21% to a 14-year low after Bill Ackman, CEO of Pershing Square Capital Management, compared the company to Archegos. This comes after Hindenburg Research accused Icahn of conducting a Ponzi scheme, causing the stock to drop over 60% since May 2.

Portfolio Pulse from Piero Cingari

May 25, 2023 | 8:23 pm

MODD

Modular Medical (NASDAQ:MODD) announced that the underwriter of its public offering has fully exercised its option to purchase an additional 1,322,534 shares and warrants to purchase 661,267 shares. The total gross proceeds from the offering are approximately $10.8 million.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:23 pm

GPS

Gap Inc. forecasts Q2 and fiscal 2023 gross margin expansion, expecting improved profitability and inventory management.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:22 pm

XPEV

XPeng Inc's shares fell after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $8 to $6 following the company's Q1 financial results. XPeng reported a loss of 37 cents per share and sales of $587.31 million, missing analyst estimates.

Portfolio Pulse from Henry Khederian

May 25, 2023 | 8:22 pm

UNAM

Unico American Corporation (NASDAQ:UNAM) received an additional notice from Nasdaq for not filing its Quarterly Report on Form 10-Q for the period ended March 31, 2023, resulting in noncompliance with Nasdaq Listing Rule 5250(c)(1). The company has 60 days to submit a plan to regain compliance.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 8:22 pm

GPS

Gap Inc. expects its FY23 net sales to decrease in the low to mid-single digit range compared to last year's $15.6 billion.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 8:21 pm