Streetbeat News

Stock Prices

LOW

Lowe's has lowered its FY23 outlook, with revenue now expected to be $87B-$89B, down from the previous estimate of $88B-$90B. EPS is also reduced to $13.20-$13.60, compared to the prior range of $13.60-$14.00. Comparable sales are expected to decline by 2%-4%.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:04 am

LOW

Lowe's reported Q1 comparable sales down by 4.3% with total sales of $22.3 billion. The decrease was attributed to lumber deflation, unfavorable weather, and lower DIY discretionary sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 10:02 am

MSFT

MU

TSLA

US stocks settled mixed on Monday amid ongoing debt ceiling talks, with the S&P 500 remaining almost flat. Micron Technology shares traded lower after China banned some of its product sales. The Nasdaq 100 rose 0.34% due to gains in Tesla and Microsoft shares.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 9:42 am

AKRW

ARKF

ARKK

PLTR

Cathie Wood's Ark Invest purchased 339,570 shares of Palantir Technologies (NYSE:PLTR) worth $4.02 million through three of its ETFs. The stock has rallied about 53% since its Q1 results on May 8, driven by better-than-expected results and a focus on artificial intelligence.

Portfolio Pulse from Shanthi Rexaline

May 23, 2023 | 9:29 am

VIPS

Vipshop Holdings' board of directors approved a $500 million increase in its share repurchase program, allowing the company to buy back up to $1 billion of its ADSs or Class A ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 9:16 am

AZO

INTU

LOW

MVST

ZM

Lowe's, AutoZone, Zoom Video Communications, Microvast Holdings, and Intuit are stocks to watch heading into Tuesday. Lowe's and AutoZone are expected to post quarterly earnings before the opening bell, while Zoom Video reported better-than-expected Q1 results and raised its full-year sales outlook. Microvast shares tumbled after the U.S. Department of Energy reportedly canceled contract negotiations for a potential $200 million award. Intuit is expected to post quarterly earnings after the closing bell.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 8:38 am

NAVB

Navidea Biopharmaceuticals has raised $1.1 million through the sale of preferred shares to new and existing investors. The funds will be used to support the completion of the company's NAV3-32 and NAV3-33 trials.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:25 am

GH

Guardant Health has priced an upsized public offering of 12.5 million shares at $28.00 per share, raising gross proceeds of $350 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:11 am

AGRX

Agile Therapeutics has priced its public offering of 1.89 million shares, along with accompanying common stock warrants, at $3.9551 per share, raising approximately $7.5 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 8:09 am

WBD

Warner Bros. Discovery's streaming service, Max, launches today, offering an extensive library of 4K UHD content, including popular titles like Game of Thrones and Harry Potter. The service will have three subscription plans, with the Ultimate Ad-free tier providing four concurrent streams and up to 100 offline downloads.

Portfolio Pulse from Ananya Gairola

May 23, 2023 | 7:41 am