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SMMT

Summit Therapeutics shares are trading lower after hours despite closing up over 270% on positive cancer data.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:05 pm

Zscaler Inc (NASDAQ:ZS) reported strong fiscal third-quarter results, with revenue and earnings per share (EPS) exceeding estimates. The company saw a 32% year-over-year increase in revenue to $553.2 million and adjusted EPS of 88 cents, beating analyst estimates. Zscaler's calculated billings grew 30% year-over-year, and the company ended the quarter with $2.24 billion in cash and equivalents. The company provided positive guidance for the fourth quarter and full year, driving a 14.62% increase in its share price after hours.

Portfolio Pulse from Adam Eckert

May 30, 2024 | 9:01 pm

FCX

Analysts have provided mixed ratings for Freeport-McMoRan (NYSE:FCX) over the past three months, with a majority leaning towards bullish or somewhat bullish. The average 12-month price target has increased by 13.45% to $54.67. Key financial metrics show strong revenue growth but challenges in net margin and asset utilization.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 9:01 pm

CSTL

Castle Biosciences (NASDAQ:CSTL) will present new data on its DecisionDx-Melanoma and DecisionDx-UM tests at the 2024 ASCO Annual Meeting. The data highlights the use of DecisionDx-Melanoma to identify early-stage melanoma patients at high risk of CNS metastasis and the ongoing study of DecisionDx-UM for uveal melanoma.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:01 pm

XYF

X Financial has announced a new program to repurchase up to $20 million of its Class A shares and its Class A ordinary shares in the form of ADSs.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:00 pm

Fiserv (NYSE:FI) has outperformed the market over the past 20 years with an average annual return of 14.75%, significantly higher than the market average. A $1000 investment in Fiserv 20 years ago would be worth $15,723.55 today.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 9:00 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years with an average annual return of 12.72%, resulting in a $100 investment growing to $1,097.21. The company currently has a market capitalization of $46.89 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 9:00 pm

CCB

CFFN

FFIC

IBTX

KRE

NBHC

NYCB

SASR

SNV

TFSL

WAL

Regional bank stocks, as tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), remain 13% lower than pre-SVB collapse levels. Despite a resilient first quarter for community banks, investor sentiment has not fully recovered. The FDIC reported a significant increase in net income for the banking industry, driven by reduced expenses and better securities sales. Top-performing regional bank stocks in May include Independent Bank Group, New York Community Bancorp, and Flushing Financial Corporation.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 8:53 pm

PTON

Peloton has completed a $1.35 billion refinancing, which is expected to improve its financial stability and provide additional liquidity.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:53 pm

CAUD

Collective Audience, Inc. (NASDAQ:CAUD) has received an additional notification from Nasdaq regarding non-compliance with listing requirements due to a delayed quarterly report. The company has until June 24, 2024, to submit a compliance plan but expects to file the report before the deadline.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:53 pm