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SAGE

Sage Therapeutics announced topline results from its Phase 2 PRECEDENT study of dalzanemdor for treating mild cognitive impairment in Parkinson's Disease, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:38 am

MBLY

ROBT

TSM

VXF

Mobileye Global Inc (NASDAQ:MBLY) stock is up amid reports of winning orders for 46 million EyeQ6 Lite chips, anticipated for mid-year vehicle launches. The company, with clients like Volkswagen and Porsche, expects further growth. The EyeQ6 Lite, enhanced by Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) technology, offers advanced assisted driving features. Despite a slight revenue miss in Q4, Mobileye's EPS exceeded expectations. MBLY stock can also be accessed through ETFs like ROBT and VXF.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 11:37 am

JBHT

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) reported lower than expected first-quarter 2024 results, with a 9% year-over-year decrease in operating revenue to $2.94 billion and EPS of $1.22, missing consensus estimates. The decline was attributed to reduced revenue per load and fewer loads in key segments. Following the earnings report, B of A Securities and Stephens & Co. lowered their price targets on JBHT, though both maintained positive ratings. The company also repurchased $25 million in shares and reported $64 million in cash and cash equivalents.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:33 am

ABT

Abbott Laboratories (ABT) reported Q1 2024 adjusted EPS of $0.98, surpassing the $0.95 estimate, and sales of $9.964B, exceeding the $9.880B estimate. This represents a 4.85% decrease in EPS and a 2.23% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:32 am

VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) shares rose in premarket trading after announcing a framework agreement with Volkswagen AG (OTC:VWAGY) (OTC:VLKAF) for technical collaboration on Volkswagen's EV platform in China. The collaboration focuses on integrating XPeng's E/E Architecture for central computing and domain controller-based architecture in Volkswagen's electric vehicles, expected to be produced in China from 2026.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 11:28 am

NMHIW

Trading for NMHIW was halted at 7:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

NMHI

Trading for NMHI was halted at 7:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

AGFY

Trading for AGFY was halted at 7:25:00 a.m. ET due to pending news, indicating a significant announcement or development is forthcoming.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

OMC

Omnicom Group Inc. (NYSE:OMC) shares rose in premarket trading after reporting first-quarter FY24 results with a 5.4% Y/Y revenue increase to $3.63 billion, surpassing the consensus of $3.615 billion. This growth was attributed to organic growth of 4.0%, acquisition revenue increase by 1.5% led by Flywheel Digital, and a negligible impact from foreign currency translation. Adjusted EBITA increased by 4.1% Y/Y to $500.4 million, though the margin slightly decreased. Adjusted EPS of $1.67 beat the consensus of $1.55. The company's performance was bolstered by strong advertising, media, and precision marketing disciplines, including contributions from Flywheel Digital.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 11:22 am

URBN

Jefferies analyst Corey Tarlowe downgraded Urban Outfitters (NASDAQ:URBN) from Hold to Underperform and reduced the price target from $42 to $32, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:18 am