Why Manchester United Stock Is Rallying Today – $WMT $FDX $MANU $ALLO $SOFO

Duration: 09:25 2 days ago

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: $WMT $FDX $MANU $ALLO $SOFO Walmart (WMT) – A play on the consumer. Data from the US Bureau of Labor Statistics Tuesday morning showed inflation continued to ease off recent highs. The consumer price index (CPI) showed a 0.1% increase in consumer prices from April to May and a 4% increase on a year-over-year basis. FedEx (FDX) – The company will report quarterly results on Tuesday of next week. Manchester United (MANU) – Shares were up about 10% Tuesday morning following a rumor Qatari investors have been successful in a bid for Manchester United. Allogene Therapeutics (ALLO) – A play on an upcoming FDA-related news catalyst. The International Conference on Malignant Lymphoma takes place this week. Allogene is expected to present results from several different lymphoma-related trials by June 15th. Sonic Foundry (SOFO) – One of Tuesday morning’s biggest gainers. Shares were up nearly 50% seemingly on no news. The issue is a low-float play with about 7 million shares in its float.