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The Latest Breaking News from NYSE

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

Benzinga

Where MP Materials Stands With Analysts

Analysts have provided the following ratings for MP Materials (NYSE:MP) within the last quarter:

Benzinga

What 5 Analyst Ratings Have To Say About PPL

Analysts have provided the following ratings for PPL (NYSE:PPL) within the last quarter:

Benzinga

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Chico's FAS Q1 Earnings Top Estimates, Lifts FY22 Outlook

Chico's FAS Inc (NYSE:CHS) reported first-quarter FY22 sales growth of 39.4% year-on-year to $540.92 million, beating the consensus of $490.10 million. The comparable sales increased 41% versus last year, surpassing 2019 levels by 11%. The gross margin for the quarter expanded 730 basis points Y/Y to 40%. The operating margin was 8.4%, and…

Benzinga

JP Morgan Sees Buying Opportunities In Alibaba And Other Chinese Stocks Citing These Reasons

The 2021's deep selloff in Chinese stocks could finally be on the verge of a turnaround, Bloomberg quoted JP Morgan Chase & Co (NYSE:JPM) strategist Marko Kolanovic. Kolanovic expected the Chinese equities to have reached their turning point with ease in lockdowns, continued growth support measures, and possible relaxation in the regulatory crackdown.…

Benzinga

10 Biggest Price Target Changes For Tuesday

Keybanc cut Coupa Software Incorporated (NASDAQ: COUP) price target from $125 to $100. Coupa Software shares rose 0.9% to $72.74 in pre-market trading.

Benzinga

J M Smucker Stock Slides On Gloomy FY23 Outlook

J M Smucker Co (NYSE:SJM) reported fourth-quarter FY22 sales growth of 6% year-on-year to $2.03 billion, beating the consensus of $1.98 billion. Net sales excluding divestitures and foreign currency exchange increased 9%. Adjusted EPS of $2.23 beat the analyst consensus of $1.88. Gross profit decreased 9% Y/Y to $666.7 million and the gross…

Benzinga

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Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

Benzinga

United Natural Foods Q3 Earnings Surpass Street View, Raises FY22 Outlook

United Natural Foods Inc (NYSE:UNFI) reported third-quarter FY22 sales growth of 9.2% year-on-year to $7.24 billion, beating the consensus of $7.10 billion. The gross margin in the third quarter was 14% versus 14.6% last year. The operating margin was 1.7%, and operating income for the quarter jumped 33.7% to $123 million. Adjusted EBITDA…

Benzinga

J&J Serves Notice To Emergent For Terminating COVID-19 Shot Contract As Two Accuse Each Other Of Breach Of Agreement

Johnson & Johnson (NYSE: JNJ) has made another move towards severing its Covid-19 vaccine manufacturing ties with contract manufacturer Emergent Biosolutions, Inc. (NYSE: EBS).

Benzinga

Veteran Chinese Economist Urges China To Seize TSMC - Read Why

A veteran Chinese economist called on authorities in an online post to capture Taiwan Semiconductor Manufacturing Co (NYSE:

Benzinga

16 Stocks Moving in Tuesday's Pre-Market Session

Gainers Helbiz, Inc. (NASDAQ: HLBZ) shares rose 38% to $1.27 in pre-market trading following a Form 4 filing showing the purchase of 2,044,676 shares by CEO Salvatore Palella at an average price of $0.99.

Benzinga

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

A Peek Into The Markets: US Stock Futures Signal Lower Start On Wall Street

Pre-open movers

Benzinga

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95 Biggest Movers From Yesterday

Gainers AeroClean Technologies, Inc. (NASDAQ: AERC) shares gained 100.4% to close at $4.75 on Monday after the FDA granted clearance for the company's pūrgo technology, classifying it as a class II medical device.

Benzinga

Pfizer To Boost Production Of Oral COVID-19 Pill With $120M Michigan Investment

Pfizer, Inc. (NYSE: PFE) is upping its commitment to manufacture its oral COVID-19 pill Paxlovid in the United States.

Benzinga

5 Stocks To Watch For June 7, 2022

Some of the stocks that may grab investor focus today are:

Benzinga

Chances Of Elon Musk Completing Twitter Deal Down To This Number, Says Munster

Loup Ventures' Gene Munster said on Monday he believes investor confidence in Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s bid to take-private Twitter Inc (NYSE:

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news in one place.

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Benzinga

Cathie Wood Trims Stake In This Warren Buffett-Backed Automaker And Laps Up Another $5M In Tesla

Cathie Wood-led Ark Investment Management on Monday sold shares in Chinese electric vehicle maker BYD Co (OTC: BYDDY) for the first time in nine months and scooped up more shares in Elon Musk-led Tesla Inc

Benzinga

Cathie Wood Scoops Up Nvidia For 3rd Time Since Re-Entry With $3.8M Buy

Benzinga

Texas Attorney General Launches Investigation Into Twitter Bots: What Investors Should Know

The attorney general of one of the largest states in the country is launching an investigation against social media network Twitter Inc (NYSE: TWTR). Here are the details.

Benzinga

How Twitter Stock Has Traded Since Elon Musk Stepped In: 'He Realizes He Overpaid'

Has there ever been a company held hostage by tweets like the actual company that created them — Twitter Inc (NYSE: TWTR)?

Benzinga

Crypto-Linked ETFs Report 60% Net Loss So Far In 2022: Will Investor Confidence Ever Return?

According to Bloomberg, as of June 6, crypto-linked equity funds lead the list of the largest negative returns across the entire category of non-leveraged ETFs.

Benzinga

Proto Labs Picks Interim CFO Dan Schumacher As Finance Chief

Proto Labs Inc (NYSE:PRLB) has appointed Dan Schumacher as its new Chief Financial Officer (CFO), effective immediately. Schumacher, currently serving as interim CFO at Protolabs, has overseen the company's investor relations for nearly five years in various leadership roles. Related: Proto Labs Appoints Dan Schumacher To Interim Role As CFO John Way Resigns Before…

Benzinga

Sea Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Sea (NYSE:SE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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