Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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$PACW $ILMN $COIN $ZI $GP 

• PacWest Bancorp (PACW) -
• Shares of this Beverly Hills, California-based regional bank were down more than 80% over the last two trading sessions amid the fallout from SVB Financial (SIVB). Regional bank expert Tim Melvin appeared on Benzinga's YouTube channel on Friday of last week and suggested PacWest and Western Alliance (WAL) would not share the same fate as SVB given the banks "do not rely heavily on venture capital relationships."
• Illumina (ILMN) -
• The stock was up 8% Monday morning following a Wall Street Journal report activist investor Carl Icahn plans to wage a proxy battle with Illumina.
• Coinbase (COIN) -
• Analysts at Oppenheimer Monday noted issues with SVB Financial, Silvergate Capital (SI) and Signature Bank (SBNY) could be "jeopardizing blockchain development in the United States." The analysts lowered their sales estimate for Coinbase amid "heightened risks."
• ZoomInfo Technologies (ZI) -
• Shares fell 10% on Friday amid fallout from the SVB Financial collapse. ZoomInfo issued a filing Monday morning which showed the company has about $20 million in cash with SVB Financial.
• GreenPower Motor Company (GP) -
• A play on electric-powered transit buses. Shares of this low float penny stock were up about 20% amid news the company delivered its first electric refrigerated box truck to a client in the education industry.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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