Streetbeat News

Stock Prices

GASS

GRNT

KSS

Crude oil prices rose 2% while U.S. stocks traded lower, with the Dow Jones dropping over 250 points. Kohl's Corp reported better-than-expected Q1 results and reaffirmed its FY23 outlook. Energy shares rose by 0.3%, with Granite Ridge Resources and StealthGas among the top gainers. In contrast, real estate shares fell 1.7%.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 6:43 pm

LLY

PFE

ZURA

Raymond James initiated coverage on Zura Bio Limited (NASDAQ:ZURA) with a Strong Buy rating and a $20 price target. Zura has three clinical-stage inflammation & immunology drugs in development, licensed from Pfizer Inc (NYSE:PFE) and Eli Lilly And Co (NYSE:LLY). Zura Bio recently merged with JATT Acquisition Corp, raising $65 million in gross cash proceeds.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 6:42 pm

META

SSTK

Shutterstock has agreed to acquire GIPHY, a growing library of conversational content, for $53 million of net cash from Meta Platforms. The transaction is expected to close in June 2023 and will help Shutterstock enter the advertising market. Analysts have mixed opinions on the acquisition's impact on Shutterstock's stock.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 6:39 pm

GOVX

MRNA

PFE

GeoVax Labs announced updates on its next-generation COVID-19 vaccine, GEO-CM04S1, with preliminary data from an ongoing Phase 2 trial showing promising results. The vaccine is highly immunogenic and is being compared to Pfizer and Moderna's mRNA vaccines in a second Phase 2 trial.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 6:32 pm

DFS

Discover Finl (NYSE:DFS) has outperformed the market over the past 15 years, producing an average annual return of 12.38% and a market capitalization of $25.22 billion. $100 invested in DFS 15 years ago would be worth $578.85 today.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 6:30 pm

DE

Deere (NYSE:DE) has outperformed the market over the past 5 years, producing an average annual return of 17.99% and a market capitalization of $105.04 billion. An investment of $1000 in DE stock 5 years ago would be worth $2,286.76 today.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 6:30 pm

APGN

PFE

PYXS

Pyxis Oncology (NASDAQ:PYXS) has agreed to acquire Apexigen (NASDAQ:APGN) in an all-stock transaction valued at $0.64 per share, with a total enterprise value of $16 million. The deal is expected to close by mid-2023, and the combined company will trade under the ticker symbol PYXS.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 6:28 pm

TGT

Target shares are trading lower due to overall market weakness and concerns over lack of progress in debt ceiling negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 6:28 pm

DAVA

Needham analyst Mayank Tandon reiterated a Buy rating on Endava Plc (NYSE:DAVA) but lowered the price target to $68 from $90. Endava's 3Q FY23 results exceeded expectations, but growth is expected to be pressured due to ongoing macro pressure and the US regional banking crisis.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 6:24 pm

QQQ

SPY

UUP

The May FOMC meeting minutes revealed uncertainty about further policy tightening and warned that missing the debt ceiling deadline could cause financial disruptions. Stocks weakened, with SPY losing 0.8% and QQQ down 0.7%. The dollar outperformed, with UUP surging 0.4%.

Portfolio Pulse from Piero Cingari

May 24, 2023 | 6:23 pm