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STLD

Steel Dynamics shares are trading lower after the company issued Q2 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:49 am

STLD

Steel Dynamics has provided Q2 EPS guidance of $2.64 - $2.68, which is below the estimated $2.97 and significantly lower than the $3.67 in Q1 and $4.81 last year. The company's steel operations profitability is expected to be lower due to reduced pricing, despite steady shipments. Domestic steel demand remains strong, led by the automotive, non-residential construction, energy, and industrial sectors, but buying hesitancy has emerged due to a weakening scrap price environment.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:48 am

GRFS

Grifols shares are trading higher after the company's Biotest received FDA approval for Yimmugo immunoglobulin to treat primary immunodeficiencies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:48 am

LPX

Louisiana-Pacific shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:46 am

GEF

Greif shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $76 to $77.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:46 am

ZYME

Zymeworks shares are trading higher following the FDA's clearance of the company's Investigational New Drug application for Zw171, targeting mesothelin-expressing cancers. Clinical development is expected to begin in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:45 am

MSM

MSC Industrial Direct Co shares are trading lower after Keybanc downgraded the stock from Overweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:44 am

BOW

Bowhead Specialty Holding shares are trading higher after multiple analysts initiated coverage on the stock. JMP Securities initiated coverage with a Market Outperform rating and a $31 price target.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:44 am

AAPL

Apple Inc. (NASDAQ:AAPL) is focusing on making its devices thinner, including the upcoming iPhone 17, MacBook Pro, and Apple Watch. This follows the launch of the thin OLED iPad Pro. The company aims to balance thinness with performance and durability.

Portfolio Pulse from Rounak Jain

June 17, 2024 | 11:44 am

QTTB

Q32 Bio shares are trading higher after Guggenheim initiated coverage with a Buy rating and a $100 price target.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:43 am