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RBC

RBC Bearings Inc reported Q4 FY23 net sales of $394.4 million, up 9.9% Y/Y, beating the consensus of $381.6 million. Industrial segment sales rose 7.4% Y/Y, and Aerospace/Defense segment sales increased 16.0% Y/Y. Adjusted EPS was $2.13, beating the consensus of $1.99. The company expects Q1 FY24 net sales of $380.0 million-$390.0 million.

Portfolio Pulse from Lekha Gupta

May 19, 2023 | 4:20 pm

WE

WeWork shares are trading lower due to continued weakness following the company's recent CEO change announcement.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 4:19 pm

AMZN

A large bullish position on Amazon.com (NASDAQ:AMZN) has been spotted, with 38 uncommon options trades identified by Benzinga's options scanner. The overall sentiment is split between 50% bullish and 50% bearish, with whales targeting a price range of $90 to $170 for Amazon.com over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 4:16 pm

CMG

A whale has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG) with 73% of detected unusual options trades being bearish. Whales have been targeting a price range of $640 to $2900 for CMG over the last 3 months. The stock is currently up 0.54% at $2107.28.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 4:16 pm

KRYS

Krystal Biotech shares have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 4:13 pm

ADMP

Adamis Pharmaceuticals (NASDAQ: ADMP) announced a 1-for-70 reverse stock split effective on May 22, 2023, to regain compliance with Nasdaq's minimum bid price requirement and as a closing condition for its merger with DMK Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 4:08 pm

WKEY

WISeKey announces the final distribution ratios for the partial spin-off of 1,500,300 ordinary shares of SEALSQ Corp. Shareholders of WISeKey will receive SEALSQ shares as a special dividend-in-kind, with distribution expected on May 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 4:05 pm

CINT

CVCO

FL

FTCH

HPK

LPG

QBTS

STXS

US stocks turned lower midway through trading on Friday, with the Dow Jones dropping over 100 points. Energy shares rose by 1.3%, while consumer discretionary shares fell 0.5%. Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to drop 26%. Stereotaxis announced a global collaboration with Abbott, boosting its shares by 27%.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 4:04 pm

SPY

US equity markets tumbled after GOP debt ceiling negotiators walked out of a private meeting with White House officials. The deadlock between Republicans and Democrats has lasted since January, and a possible US debt default could materialize as early as June 1.

Portfolio Pulse from AJ Fabino

May 19, 2023 | 4:04 pm

LUNR

Intuitive Machines (NASDAQ:LUNR) has received 3 bullish and 1 somewhat bullish ratings from analysts in the last quarter, with an average price target of $21.5, representing an upside from the current price of $7.3406. The current average price target is a 38.57% decrease from the previous average of $35.00.

Portfolio Pulse from Benzinga Insights

May 19, 2023 | 4:03 pm