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ZLAB

Zai Lab has dosed the first patient in the Phase 2 trial of ZL-1102 for chronic plaque psoriasis. This marks the first internally developed drug by Zai Lab to advance to Phase 2, showcasing the company's global capabilities. ZL-1102 is the first topical biologic to show penetration of psoriatic skin resulting in a clinical response based on a proof-of-concept study.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am

LULU

Lululemon Athletica shares are trading lower following the resignation of its Chief Product Officer, with no plans to replace the role.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am

REKR

Rekor Systems, Inc. (NASDAQ:REKR) has been awarded a patent for a privacy-enhanced traffic management technology. This patent, titled 'Systems and Methods for Consolidated Traffic Monitoring with Privacy Protection,' introduces a multi-functional sensor that safeguards personally identifiable information (PII) while serving various applications.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am

TJX

TJX Companies has provided its Q2 EPS guidance of $0.88-$0.90, which is below the estimated $0.94. Additionally, the company has forecasted its FY25 EPS to be in the range of $4.03-$4.09, also below the estimated $4.10.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:34 am

TJX

TJX Companies (NYSE:TJX) reported Q1 2025 earnings per share (EPS) of $0.93, surpassing the analyst consensus estimate of $0.87 by 6.9%. The company also reported quarterly sales of $12.479 billion, beating the estimate of $12.463 billion and marking a 5.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:32 am

NVDA

QQQ

SPY

URBN

VSAT

Wall Street is expected to have a subdued start ahead of Nvidia's earnings report and the release of the Fed minutes. Index futures are trading lower, with the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showing minor changes in premarket trading. Analysts are cautious about over-exuberance despite recent market gains. Viasat fell 11% and Urban Outfitters gained 6.50% in premarket trading following their earnings reports. Other notable companies reporting include Analog Devices, PDD Holdings, TJX Companies, Williams-Sonoma, Target, Vipshop, Snowflake, Synopsys, V.F. Corporation, and Zuora.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 11:21 am

RGLS

TECH

Bio-Techne and Regulus Therapeutics have announced the continuation of their technical and clinical collaboration following positive topline results from the second cohort of Regulus' Phase 1B study of RGLS8429 for Autosomal Dominant Polycystic Kidney Disease.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:11 am

CAE

CAE shares are trading lower after the company reported a year-over-year decrease in preliminary Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:10 am

ICLK

iClick Interactive has received a NASDAQ deficiency notice due to a delayed filing of its Form 20-F. This could have short-term implications for the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:09 am

SHOP

Shopify shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $67 to $74.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:08 am