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Stock Prices

MS

Morgan Stanley shares are trading lower after Executive Chairman James Gorman announced he would step down on Dec. 31, 2024. Despite a smooth transition to new CEO Ted Pick and strong first-quarter revenues, the stock fell 1.04% to $99.69.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:16 pm

VFC

Analysts have expressed concerns over VF Corp's (NYSE:VFC) recent fiscal fourth-quarter results, citing higher costs, softer sales, and a higher tax rate. BofA Securities, Goldman Sachs, and JPMorgan have all adjusted their price targets and ratings, reflecting a challenging outlook for the company.

Portfolio Pulse from Priya Nigam

May 23, 2024 | 4:16 pm

UVV

Universal shares are trading lower following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:15 pm

ELF

E.l.f. Beauty, Inc. (NYSE:ELF) reported better-than-expected Q4 results, leading to positive analyst reactions. Piper Sandler, Truist Securities, and BofA Securities maintained positive ratings but adjusted price targets. Despite initial dips, ELF shares rose 20.1% to $186.93.

Portfolio Pulse from Erica Kollmann

May 23, 2024 | 4:14 pm

MSFT

Microsoft is planning to integrate AI computing resources for a LinkedIn 'Copilot,' according to an internal document. This move aims to enhance LinkedIn's functionalities using AI technology.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

NVDA

ON

ON Semiconductor shares are trading lower amid volatility in chip stocks following NVIDIA's earnings.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

TGI

Triumph Group shares are trading lower after the company reported Q4 financial results and issued FY25 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:13 pm

AMD

ARM

KLAC

LRCX

MU

WDC

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

INTC

Intel shares are trading lower after competitor NVIDIA reported better-than-expected quarterly results.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:08 pm

ENV

Envestnet shares are trading higher following a report suggesting the company is attracting interest from Advent and GTCR.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 4:07 pm