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QQQ

UUP

The U.S. labor market saw significant growth in March, with 303,000 nonfarm payrolls added, surpassing expectations and marking the highest increase in 10 months. This robust job growth dampens hopes for Federal Reserve interest rate cuts. The unemployment rate dropped to 3.8%, and average hourly earnings growth aligned with predictions. The strong jobs report led to a rise in the U.S. dollar index and Treasury yields, while futures on U.S. major averages trended higher.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 12:38 pm

NUTX

Nutex Health's stock is trading lower following the announcement of a 1-for-15 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:38 pm

RPM

RPM International Inc. (NYSE:RPM) reported a slight increase in Q3 FY24 sales and exceeded EPS expectations. The company anticipates flat sales and higher adjusted EBIT for Q4 FY24, with revenue and EBIT growth for FY24 expected to meet previous forecasts. Shares fell 5.8% following the announcement. Analysts from Baird and Mizuho adjusted their price targets on RPM, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:36 pm

IYF

IYG

JPM

JPMorgan Chase & Co. has reorganized its global banking division, appointing new leaders in key positions. Filippo Gori and Doug Petno will lead the merged commercial, corporate, and investment banking groups. Kevin Foley is named the global head of capital markets, and several other executives have been appointed to lead various banking sectors. The restructuring aims to streamline operations and enhance leadership within the bank's global banking unit. Investors can gain exposure to JPMorgan through IShares U.S. Financial Services ETF (IYG) and IShares U.S. Financial ETF (IYF). JPM shares saw a slight increase of 0.19% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 12:36 pm

AES

NRG

VVPR

Three utilities stocks, AES Corporation, NRG Energy, and VivoPower International, are considered overbought as of April 5, 2024, based on their RSI values. AES plans to review Q1 2024 results on May 3, NRG announced a repurchase of convertible notes, and VivoPower declared a stock buyback program. These developments could impact their short-term performance.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:36 pm

BDSX

Biodesix announced the pricing of its oversubscribed and upsized underwritten offering of common stock and concurrent private placement, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:36 pm

JNJ

SWAV

Johnson & Johnson (JNJ) has agreed to acquire Shockwave Medical Inc (SWAV) for $335.00 per share in cash, valuing the company at approximately $13.1 billion. This acquisition, expected to close by mid-2024, will enhance JNJ's MedTech cardiovascular portfolio, adding intravascular lithotripsy technology for treating coronary and peripheral artery disease. The deal is anticipated to be operationally accretive upon closing but will dilute JNJ's adjusted EPS in 2024 and 2025.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 12:35 pm

STIX

Semantix shares are trading lower following the company's announcement of its voluntary delisting from the Nasdaq Global Market.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:33 pm

GBX

Greenbrier Companies (NYSE:GBX) reported Q2 earnings of $1.03 per share, surpassing the $0.86 estimate, and sales of $862.70M, exceeding the $843.28M estimate. This represents a 4.04% increase in earnings and a 23.11% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:33 pm

MDIA

Mediaco shares surged following a 13D amended filing revealing that Standard General L.P. now holds a 95.2% stake in the company as of April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:30 pm