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APGN

PFE

PYXS

Pyxis Oncology (NASDAQ:PYXS) has agreed to acquire Apexigen (NASDAQ:APGN) in an all-stock transaction valued at $0.64 per share, with a total enterprise value of $16 million. The deal is expected to close by mid-2023, and the combined company will trade under the ticker symbol PYXS.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 6:28 pm

TGT

Target shares are trading lower due to overall market weakness and concerns over lack of progress in debt ceiling negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 6:28 pm

DAVA

Needham analyst Mayank Tandon reiterated a Buy rating on Endava Plc (NYSE:DAVA) but lowered the price target to $68 from $90. Endava's 3Q FY23 results exceeded expectations, but growth is expected to be pressured due to ongoing macro pressure and the US regional banking crisis.

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 6:24 pm

QQQ

SPY

UUP

The May FOMC meeting minutes revealed uncertainty about further policy tightening and warned that missing the debt ceiling deadline could cause financial disruptions. Stocks weakened, with SPY losing 0.8% and QQQ down 0.7%. The dollar outperformed, with UUP surging 0.4%.

Portfolio Pulse from Piero Cingari

May 24, 2023 | 6:23 pm

QQQ

SPY

Benzinga's experiment, which pits OpenAI's ChatGPT against top-tier U.S. equity funds, enters its second week. ChatGPT's portfolio posted a gain of 0.25%, outpaced by six of the 10 leading funds, with T. Rowe Price Growth Stock Fund taking the lead at 1.42%. The experiment aims to investigate AI's potential as a supportive tool for making investment decisions.

Portfolio Pulse from AJ Fabino

May 24, 2023 | 6:21 pm

NTR

Nutrien shares are trading lower after JP Morgan lowered its price target on the stock from $92 to $78.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 6:21 pm

F

Unusual options activity has been observed for Ford Motor (NYSE:F) with a bearish stance. Benzinga's options scanner spotted 12 uncommon options trades, with 58% being bearish and 41% bullish. Whales have been targeting a price range of $10.0 to $13.0 for Ford Motor over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 6:18 pm

COP

Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with 80% bullish and 20% bearish sentiment. Whales have been targeting a price range of $105 to $115 for COP over the last 3 months. Analysts have maintained various ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 6:18 pm

ANF

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Abercrombie & Fitch Co (NYSE:ANF) with a price target of $35. ANF reported better-than-expected 1Q23 results, with a 2.9% increase in total sales and a gross margin expansion driven by lower freight costs and AUR growth. The company also raised its annual outlook and has a more resilient customer base than its peers.

Portfolio Pulse from Shivani Kumaresan

May 24, 2023 | 6:17 pm

MMM

3M shares are trading lower due to overall market weakness on debt ceiling uncertainty and a recent ruling requiring the CEO to attend mediation regarding lawsuits over its earplugs.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 6:16 pm