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LLY

Eli Lilly and Company (NYSE:LLY) shares are down 6.39% on Thursday, likely due to competition concerns following positive weight loss data from Roche's Phase I clinical trial for CT-996, a treatment for type 2 diabetes and obesity.

Portfolio Pulse from Dylan Berman

July 18, 2024 | 4:32 pm

MRVL

Deep-pocketed investors have shown unusual options activity for Marvell Tech (NASDAQ:MRVL), with a significant number of both bullish and bearish trades. The options activity suggests a price range of $55.0 to $82.5 for MRVL. The stock is currently up 2.66% at $69.74, with an average analyst target price of $95.0.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 4:32 pm

FSLR

First Solar (NASDAQ:FSLR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.96%. A $1000 investment in FSLR 5 years ago would be worth $3,161.74 today. The company's current market capitalization is $22.54 billion.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 4:30 pm

VRT

Vertiv Holdings (NYSE:VRT) has significantly outperformed the market over the past 5 years, delivering an average annual return of 51.14%. A $100 investment in VRT 5 years ago would now be worth $788.73, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 4:30 pm

CHUY

DRI

Chuy’s Holdings, Inc. (NASDAQ:CHUY) shares are trading higher after Darden Restaurants, Inc. (NYSE:DRI) announced it will acquire the company for $37.50 per share in an all-cash transaction valued at approximately $605 million. The acquisition is expected to be completed in Darden’s fiscal second quarter, subject to customary closing conditions. Chuy’s shares are up 47.8% on heavy trading volume.

Portfolio Pulse from Erica Kollmann

July 18, 2024 | 4:28 pm

QQQ

SPY

UUP

Chicago Fed President Austan Goolsbee expressed confidence in the declining inflation trend but refrained from committing to a September rate cut. Despite his optimistic outlook, the U.S. stock market experienced a decline, with major indices and ETFs like SPY and QQQ falling.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 4:28 pm

ETHUSD

SHIBUSD

The Indian crypto exchange WazirX was hacked, resulting in losses exceeding $230 million. The exploiter sold 5.43 trillion SHIB for 26,535 ETH, valued at $92 million, causing an 8% drop in SHIB's price. WazirX has temporarily suspended withdrawals to safeguard user assets.

Portfolio Pulse from Murtuza Merchant

July 18, 2024 | 4:28 pm

NFLX

Netflix Inc (NASDAQ:NFLX) shares are in focus ahead of its earnings report after the bell on Thursday. Analysts expect earnings of $4.74 per share and revenue of $9.528 billion. Last quarter, Netflix beat both revenue and EPS estimates. Analysts have recently raised their price targets for Netflix, with most maintaining a positive outlook.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 4:25 pm

LGVN

Longeveron shares are trading lower following the announcement of a $9.0 million registered direct offering of 2.2 million shares of its common stock at $4.025 per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:22 pm

GEV

GE Vernova shares are trading lower following turbine blade damage at the Vineyard Wind Offshore Wind Farm.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:22 pm