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MGM

NVDA

OC

TGT

Insiders at MGM Resorts International, Target Corporation, NVIDIA Corporation, and Owens Corning have recently sold shares, signaling potential concern in the companies' prospects or overpriced stocks. MGM reported a 36% YoY increase in Q1 revenue, while Target posted better-than-expected Q1 financial results. NVIDIA maintained a Neutral rating with a raised price target, and Owens Corning's Q1 net sales slightly decreased but beat consensus.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 11:47 am

EQIX

Equinix Inc. (NASDAQ:EQIX), a specialized data center REIT, has demonstrated impressive five-year dividend growth. A $10,000 investment in EQIX five years ago would now be worth $20,308, with a total return of 103.08%. The company recently announced strong Q1 operating results, beating analyst consensus estimates, and raised its full-year 2023 revenue guidance.

Portfolio Pulse from Ethan Roberts

May 23, 2023 | 11:35 am

CWBR

CohBar, Inc. and Morphogenesis, Inc. have entered into an all-stock merger agreement. CohBar common stockholders will be issued a dividend equal to approximately 3.3 shares of CohBar common stock. Pre-merger CohBar equityholders are expected to own 15% and pre-merger Morphogenesis equityholders 77% of the common stock of CohBar.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:32 am

WVE

Wave Life Sciences announced that WVE-004 did not show clinical benefit compared to placebo. The company remains on track to share data from its Phase 1b/2a SELECT-HD study in Huntington's disease investigating WVE-003 in H2 2023 and is advancing WVE-N531 for Duchenne muscular dystrophy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:32 am

RIDE

Lordstown Motors Corp. (NASDAQ:RIDE) announced a 1:15 reverse stock split of its Class A common stock, effective at 12:01 a.m. Eastern Time on May 24, 2023. The stock will continue trading on the Nasdaq Global Select Market under the symbol 'RIDE'.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:28 am

WVE

Wave Life Sciences' shares have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:27 am

CWBR

CohBar's shares have been halted due to pending news, causing a temporary pause in trading.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 11:26 am

INTU

Intuit Inc. (NASDAQ: INTU) is expected to report higher Q3 earnings of $8.48 per share, up from $7.65 last year, with revenues of $6.1 billion. The company's shares closed at $454.11 on Monday. Several analysts have recently updated their price targets for the stock.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 11:20 am

LOW

Lowe's Companies reported a 5.5% YoY decline in Q1 FY23 sales to $22.35 billion, beating estimates. The decline was driven by lumber deflation, unfavorable weather, and lower DIY discretionary sales. The company cut its FY23 revenue and EPS outlook due to low consumer demand and lumber deflation.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 11:15 am

QQQ

SPY

US stocks are poised for a flat open on Tuesday due to the debt ceiling impasse. Analyst Ryan Detrick believes October lows won't be violated, citing the S&P 500's 200-day moving average trending higher. In premarket trading, SPDR S&P 500 ETF Trust (SPY) fell 0.12% and Invesco QQQ ETF (QQQ) slipped 0.08%.

Portfolio Pulse from Shanthi Rexaline

May 23, 2023 | 11:15 am