Benzinga Pro's 5 Stocks To Watch Today
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user!
Turtle Beach Corp (NASDAQ: HEAR) stock was trading higher by nearly 1.5 percent ahead of Friday's open after rising as much as 7 percent earlier. The gaming audio brand announced a new partnership with Knicks Gaming in which it will act as the official gaming peripherals partner for the 2018 NBA 2K League season.
General Electric Company (NYSE: GE) gained more than 6 percent early Friday morning in reaction to the company's earnings report. The conglomerate said it earned 16 cents per share in the first quarter on revenue of $28.7 billion versus expectations of 12 cents per share and $27.5 billion.
Ionis Pharmaceuticals Inc (NASDAQ: IONS) gained more than 10 percent. The RNA-targeted drug discovery and development company said it expanded a strategic collaboration with Biogen Inc (NASDAQ: BIIB) to develop drug candidates for a wide range of neurological diseases.
Nike Inc (NYSE: NKE) was trading lower by nearly 1 percent. The apparel company could see increased volatility after fellow shoe company Skechers USA Inc (NYSE: SKX) reported inline first quarter results but a concerning second quarter guidance sent its shares lower by nearly 25 percent.
Pinnacle Foods Inc (NYSE: PF) was trading higher by more than 7 percent. The move higher follows an announcement that activist investor Jana Partners bought a 9.1 percent stake in the food company and is urging the company to consider a range of strategic options, including a potential sale of itself. Shares of ConAgra (NYSE: CAG), thought to be a potential bidder, were up 3 percent in sympathy.
Related Links:
18 Stocks Moving In Friday's Pre-Market Session
A Peek Into The Markets: US Stock Futures Down; General Electric Earnings In Focus
See more from Benzinga
Morgan Stanley Explains Why Apple Investors Need To Be 'Cautious' Ahead Of Earnings
LinkedIn Is Performing Well Under Microsoft's Umbrella, CEO Says
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
