A Shifting Landscape - $MU $RKT $DLTR $LDOS $IRWD
Benzinga
2023-05-22
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Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.
Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659
STOCKS TO WATCH: $MU $RKT $DLTR $LDOS $IRWD
Micron Technology (MU) - Shares were down about 4% Monday morning following a report the Chinese government found cybersecurity issues related to Micron's products. Chinese officials have asked its infrastructure operators not to buy Micron products.
Rocket Companies (RKT) - A play on interest rates. Last week Fed Funds Futures rates showed more conviction by institutions the Federal Reserve will pause interest rate hikes by July. As a mortgage company, Rocket Companies is among the most sensitive publicly-traded companies tied to the interest-rate cycle.
Dollar Tree (DLTR) - A play on consumers being more (or potentially less) focused on cost savings. Dollar Tree will report quarterly results on Thursday before market open.
Leidos Holdings (LDOS) - Shares appeared unaffected Monday morning despite news (as highlighted in a William Blair research report) NASA awarded its second human lunar lander contract to a team led by Jeff Bezos’s Blue Origin. Leidos’ subsidiary, Dynetics, was pursuing this contract with partner Northrop Grumman (NOC).
Ironwood Pharmaceuticals (IRWD) - Shares were down about 7% following news the company offered to acquire VectivBio (VECT) in about a $1 billion deal. Shares of Vectiv were up 35% on the news.
Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659
STOCKS TO WATCH: $MU $RKT $DLTR $LDOS $IRWD
Micron Technology (MU) - Shares were down about 4% Monday morning following a report the Chinese government found cybersecurity issues related to Micron's products. Chinese officials have asked its infrastructure operators not to buy Micron products.
Rocket Companies (RKT) - A play on interest rates. Last week Fed Funds Futures rates showed more conviction by institutions the Federal Reserve will pause interest rate hikes by July. As a mortgage company, Rocket Companies is among the most sensitive publicly-traded companies tied to the interest-rate cycle.
Dollar Tree (DLTR) - A play on consumers being more (or potentially less) focused on cost savings. Dollar Tree will report quarterly results on Thursday before market open.
Leidos Holdings (LDOS) - Shares appeared unaffected Monday morning despite news (as highlighted in a William Blair research report) NASA awarded its second human lunar lander contract to a team led by Jeff Bezos’s Blue Origin. Leidos’ subsidiary, Dynetics, was pursuing this contract with partner Northrop Grumman (NOC).
Ironwood Pharmaceuticals (IRWD) - Shares were down about 7% following news the company offered to acquire VectivBio (VECT) in about a $1 billion deal. Shares of Vectiv were up 35% on the news.
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