April 30, 2024

Economic Indicators: Consumer Confidence Reaches Its Lowest Level Since 2022

Consumer confidence took a nosedive in April, as inflation concerns and a gloomy job market outlook dampened spirits to their lowest point since 2022. The Conference Board reported a retreat in its consumer confidence index to 97 for April, falling short of economists’ predictions at 104 and trailing March’s 103.1. Dana Peterson, the chief economist… [Read More]
April 30, 2024

Prism Stocks making the biggest moves midday: Eli Lilly, 3M, PayPal, Tesla and more

Eli Lilly’s shares increased by 5% following better than anticipated Q1 adjusted earnings. The manufacturer of Mounjaro diabetic medicine also offered an uplifting forecast for full-year earnings and revenue. 3M saw a jump in shares by 4% as their earnings and revenue outperformed analysts’ predictions, crediting their variety of industrial commodities and glues. PayPal shares… [Read More]
April 30, 2024

Daré Bioscience Closes Royalty Transaction; Secures $22M Windfall

Shares in Daré Bioscience (Nasdaq: DARE) climbed 25% in morning trading on Tuesday after the company announced the closing of a royalty monetization transaction with XOMA (US) LLC. Daré received $22 million in gross proceeds at close. The transaction will allow Daré to focus on advancing its Phase 3 first-in-category investigational products Ovaprene®, a potential… [Read More]
April 30, 2024

Weight-Loss Drug Companies Battle it out to Lead In The Battle of the Bulge

The summer heat will soon arrive, and consumers seeking weight loss drugs to aid in health or appearance weight reduction have proven that the weight-loss drug market could lead to significant gains. Eli Lilly’s (LLY) shares are enjoying a surge in Tuesday’s morning trade following the release of its Q1 earnings results. A striking year-over-year… [Read More]
April 30, 2024

SKYX Platforms Corp. Spearheads Next-Generation Smart Home Technology with AI Integration and Record Financial Growth; Shares Surge 21%

Global Company is Accelerating Global Market Penetration with Strategic Partnerships and Smart Technologies SKYX Platforms (Nasdaq: SKYX) continues to revolutionize the smart home industry with significant advancements and strategic growth. Achieving a record $58.8 million in revenue for 2023, the company’s innovative approach and robust market expansion underscore its commitment to enhancing smart living worldwide…. [Read More]
April 30, 2024

Lucid Diagnostics Partners with ECAN to Highlight Esophageal Cancer Awareness Month

Commercial-stage cancer prevention company, Lucid Diagnostics Inc. (Nasdaq: LUCD) will partner with the Esophageal Cancer Action Network (ECAN) to highlight Esophageal Cancer Awareness Month. Together, the organizations aim to spread the potentially life-saving message that heartburn (also known as acid reflux or GERD) can lead to highly lethal esophageal cancer and that esophageal cancer is… [Read More]
April 30, 2024

Prism Stocks making the biggest moves premarket: Lilly, 3M, McDonald’s and more

Here’s a quick scan of the significant corporate news before the market opens. McDonald’s — The renowned fast-food chain’s stock dipped nearly 2% during premarket trading as it missed analysts’ quarterly earnings expectations with a slump in same-store sales. The global sales grew 1.9%, failing to meet the anticipated 2.1% growth. Stellantis — The automaker,… [Read More]
April 29, 2024

Market Overview: Earnings Shine Despite Fed’s Hawkish Stance

As corporate earnings season progresses, the stock market has seen a resurgence, buoyed by robust earnings reports that have overshadowed concerns about the Federal Reserve’s interest rate policies. After a dip earlier in April, equities recovered towards the month’s end, with over 80% of U.S. companies surpassing earnings expectations. Earnings Highlights: Amazon.com Inc. ( $AMZN) is… [Read More]
April 29, 2024

SS Innovations Achieves Key Milestone with Successful Pediatric Surgery

Surgical robotic technology company, SS Innovations International (OTC: SSII), has achieved a key milestone in pediatric surgery as the company announced on Monday that its flagship SSi Mantra surgical robotic system has been utilized to perform the first pyeloplasty procedure on an infant. The SSi Mantra has now been used in more than 1000 procedures,… [Read More]
April 29, 2024

Inside Look: Investors Await Earnings for PRISM Consumer Products Index

Over 40% of the S&P 500 has now reported quarterly earnings as key Q1 earnings beat metrics are trending above average. However, last week Q1 GDP illustrated slower than expected economic growth citing a 1.6% increase which disappointed as economists’ Q1 GDP estimates were cited at a 2.4% increase. This GDP miss and slowdown raised… [Read More]