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

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STOCKS TO WATCH: $GM $SNAP $WEN $XENE $CXAI

General Motors (GM) - Shares traded about 3% higher Tuesday morning following better-than-expected Q1 earnings and sales and raised guidance. The company said global deliveries of its automobiles were down about 3% on a year-over-year basis while market share in North America was up more than 1%.

 

Snap (SNAP) - The company will report quarterly results on Thursday after market close. According to Benzinga Pro's Calendar tool, analysts who cover Snap expect the company to report a loss of $0.01 per share on sales about $1 billion.

 

Wendy's (WEN) - Shares appear largely unaffected following strong quarterly results from peer in the fast food space, McDonald's (MCD). Elsewhere in the space, Chipotle Mexican Grill (CMG) will report quarterly results after market close Tuesday.

 

Xenon Pharmaceuticals (XENE) - The company is expected to offer Phase 3 trial results for its epilepsy drug candidate by Friday of this week.

 

CXApp (CXAI) - One of Tuesday morning's top movers. Shares were up 36% on seemingly no news. The stock has been volatile over the last couple weeks. The issue is a low-float name, with under 500,000 shares in the issues float.

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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