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FGEN

FibroGen announced that its drug Roxadustat met the primary endpoint of noninferiority to Erythropoietin Alfa in a clinical trial.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:34 am

QQQ

SPY

Despite the ongoing debt-ceiling impasse, US markets have avoided sharp negative reactions, with gains registered on Wednesday. Options market data for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) indicate crucial support and resistance levels.

Portfolio Pulse from Bhavik Nair

May 18, 2023 | 11:29 am

AMAT

Applied Materials (NASDAQ: AMAT) is expected to report a slight drop in Q2 earnings at $1.84 per share, compared to $1.85 per share a year ago. The company's revenue is estimated at $6.38 billion. Shares closed at $125.70 on Wednesday, with recent price target changes by top analysts ranging from $120 to $150.

Portfolio Pulse from Lisa Levin

May 18, 2023 | 11:23 am

WMT

Walmart's US inventories have declined by 9%, potentially affecting product availability and sales.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:08 am

BABA

Alibaba's board has approved the exploration of an IPO for Cainiao Smart Logistics Group and the execution of an IPO for Freshippo.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:08 am

BRC

Brady Corporation has raised the lower end of its FY23 adjusted EPS guidance from $3.40-$3.60 to $3.45-$3.60, compared to the $3.42 estimate.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:06 am

PRLD

Prelude Therapeutics announced the pricing of its public offering, consisting of 3,048,522 voting common stock shares, 1,448,222 non-voting common stock shares, and pre-funded warrants for up to 12,895,256 common stock shares. The total gross proceeds are expected to be $100 million.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:06 am

GAMB

Gambling.com Group has raised its FY23 revenue guidance to $99M-$95M, up from the previous range of $93M-$97M, compared to the guidance of $95.02M.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:06 am

WMT

Walmart forecasts a 3.5% increase in consolidated net sales for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 11:05 am

GRAB

Grab Hldgs (NASDAQ:GRAB) reported Q1 earnings with in-line EPS of $-0.06 and revenue up $297 million YoY. Last quarter, the company missed EPS by $0.03, resulting in a 3.43% share price drop the next day.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 11:05 am