Streetbeat News

Stock Prices

AAPL

MSFT

NVDA

SPY

TSLA

Market Clubhouse Morning Memo focuses on SPY, NVDA, MSFT, AAPL, and TSLA, providing insights on potential price movements based on factors such as price, volume, and options flow. The memo also discusses the impact of debt ceiling discussions on the market and upcoming earnings reports.

Portfolio Pulse from RIPS

May 22, 2023 | 1:48 pm

GHL

MFG

Mizuho Financial Group (MFG) announced it will acquire Greenhill & Co (GHL) for $15 per share in an all-cash transaction, valuing the company at approximately $550 million. Greenhill's stock hit new 52-week highs following the announcement.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 1:47 pm

BABA

JD

NIO

Alibaba, JD.com, and Nio shares are trading higher after the Chinese government announced interest rates would remain unchanged. Some analysts anticipate the People's Bank of China will lower the amount of cash required to be set aside by banks in its next policy move.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 1:46 pm

AEP

American Electric Power's (AEP) total debt stands at $40.06 billion, with $33.63 billion in long-term debt and $6.44 billion in current debt. After adjusting for $509.40 million in cash-equivalents, the company has a net debt of $39.55 billion. AEP's debt-ratio is 0.43, based on its $93.47 billion in total assets.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 1:45 pm

SPY

Morgan Stanley's Equity Strategist Michael Wilson warns of a potential false breakout for the S&P 500 Index, despite reaching the bull market region. Technical signals and fundamental headwinds suggest that this is not the start of a new cyclical bull market for the S&P 500, which is closely tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY).

Portfolio Pulse from Piero Cingari

May 22, 2023 | 1:35 pm

BTCUSD

ETHUSD

PEPEUSD

TRXUSD

Ethereum (ETH) traded above $1,800, while Bitcoin (BTC) remained below $27,000. TRON (TRX) was the top gainer in the past 24 hours, and Pepe (PEPE) was the biggest loser. The global crypto market cap fell to $1.12 trillion, with a 24-hour decline of 0.1%.

Portfolio Pulse from Lisa Levin

May 22, 2023 | 1:34 pm

SY

So-Young International Inc (NASDAQ:SY) reported mixed Q1 FY23 results with revenues of $45.15 million, beating estimates but falling 4.7% YoY. The company plans to expand its non-surgical medical aesthetic market nationwide.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2023 | 1:33 pm

CIDM

Cinedigm Corp. (NASDAQ:CIDM) is rebranding to Cineverse, a global streaming technology and entertainment company. The company's stock symbol will change from CIDM to CNVS, starting May 23, 2023. This rebranding marks Cinedigm's transformation into a pure-play streaming content and technology company.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:32 pm

GLBE

Global-E Online reported Q1 FY23 sales growth of 54% YoY to $117.6 million, beating consensus estimates. GMV rose 55% YoY to $703.9 million, and adjusted gross margin expanded to 41.4%. The company raised its FY23 revenue outlook and expects Q2 sales of $125 million - $130 million. Despite the positive results, GLBE shares dropped 5.87% in pre-market trading.

Portfolio Pulse from Anusuya Lahiri

May 22, 2023 | 1:31 pm

ENZ

Enzo Biochem (NYSE:ENZ) has received preliminary approval from shareholders for the sale of its Clinical Labs division's operating assets and assignment of certain liabilities. The company has met all regulatory requirements for the sale.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:31 pm