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AZO

AutoZone, Inc. (NYSE:AZO) reported Q3 earnings per share of $36.69, beating expectations, but missed revenue estimates with $4.235 billion. The company cited the timing of tax refunds and cooler weather as factors negatively impacting sales. Despite this, gross profit and operating profit increased, and the company opened 45 new stores. Shares are trading lower by 1.67%.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 1:39 pm

GTBP

GT Biopharma (GTBP) shares have resumed trading after a temporary halt. The company is expected to see increased volatility in the short term as investors react to the news.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:39 pm

RNXT

RenovoRx (NASDAQ: RNXT) announced the publication of pre-clinical studies that support the efficacy and drug delivery mechanism of its TAMP therapy platform. The studies show that TAMP increases intra-arterial pressure, leading to a 100-fold increase in local tissue concentration of the therapy, potentially improving efficacy, safety, and widening the therapeutic window of drugs. The data was published in the Journal of Vascular Interventional Radiology.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:36 pm

JD

JD.com has announced plans to repurchase approximately 14 million ADS shares from certain notes purchasers.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:34 pm

GTBP

GT Biopharma shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 3.97%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:33 pm

SPY

Federal Reserve's Waller indicates that the probability of a recession has diminished, and the 10-year Treasury rate has increased. He highlights the challenges in understanding the speed of rate hikes versus expected rate cuts and the difficulty in measuring R Star, leading to a more cautious approach.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:32 pm

BABA

BYDDY

LI

MCHI

TCOM

Goldman Sachs has raised its forecast for the Chinese market, citing a significant rally in Chinese stocks and a reduction in property-related risks. The MSCI China Index, tracked by the iShares MSCI China ETF (NYSE:MCHI), has seen substantial gains. Goldman Sachs has launched a 40-stock China Recovery Portfolio, including prominent stocks like Alibaba (NYSE:BABA), BYD (OTCPK:BYDDY), Li Auto (NASDAQ:LI), and Trip.com (NASDAQ:TCOM).

Portfolio Pulse from Piero Cingari

May 21, 2024 | 1:32 pm

MSCI

Spruce Point Capital has issued an update to its previous report on MSCI, questioning the company's claims of pricing power. The report suggests that MSCI's assertions may be exaggerated.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:31 pm

ETHUSD

Ethereum experienced its largest single-day market cap gain of $70.7 billion, driven by a sharp increase in the odds of a spot Ethereum ETF approval to 75%. This surge has pushed Ethereum prices above $3,700, with significant market optimism and increased transaction volumes.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 1:31 pm

GOOG

GOOGL

A former Google engineer criticized Alphabet Inc.'s AI projects, claiming they are driven by panic rather than user needs. He compared the current AI efforts to the failed Google+ social network, suggesting the approach may not be sustainable.

Portfolio Pulse from Rounak Jain

May 21, 2024 | 1:31 pm