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CAMP

CalAmp, a global technology solutions pioneer transforming the mobile connected economy, has appointed Chris Adams as its new President and Chief Executive Officer. Adams brings extensive experience in the technology sector, which could signal a strategic shift or new initiatives for CalAmp. This leadership change may influence investor confidence and could potentially impact the company's future direction and stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:31 am

VRSK

Verisk (NASDAQ:VRSK), a data analytics and technology provider, has received approval from the California Department of Insurance for its ISO wildfire mitigation filings. These filings allow insurers to apply specific wildfire mitigation discounts to their rating plans, complying with a CDI regulation. Verisk's proactive engagement with CDI and its position as an industry leader is highlighted by being among the first to have its filings approved.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:18 am

VCXB

10X Capital Venture Acquisition Corp. III (10X III) announced that COO David Weisburd is expected to become CEO, succeeding Hans Thomas, subject to board approval. Osman Ahmed is expected to take over as President from Oliver Wriedt. Hans Thomas will continue as Chairman of the board.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:17 am

AMGN

BMY

MRNA

SRPT

VRTX

XBI

The 42nd annual JPMorgan Healthcare Conference begins in San Francisco, with expectations of significant industry discussions, potential deal announcements, and company presentations. Past conferences have influenced M&A activity and stock volatility. Bristol-Myers Squibb, Vertex Pharmaceuticals, Amgen, Sarepta Therapeutics, and Moderna are among the companies presenting. The SPDR S&P Biotech ETF (XBI) has shown varied performance during past conferences, with individual stocks potentially experiencing volatility based on news from the event.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 11:04 am

TSLA

California-based AI startup Figure showcased its humanoid robot, Figure-01, making coffee autonomously in a video. The robot learned the task by observing humans for ten hours. Tesla's Optimus, which was recently upgraded, has improved physical capabilities but has not demonstrated coffee-making skills. Figure aims to use its robots for corporate tasks, to address labor shortages, and to perform unsafe tasks.

Portfolio Pulse from Anan Ashraf

January 08, 2024 | 10:19 am

SPR

Boeing Co. (NYSE:BA) faces a new challenge as the U.S. grounds its 737 Max 9 fleet following an incident with an Alaska Airlines plane where a panel was torn off during ascent. This raises concerns about Boeing's stability and its relationship with supplier Spirit AeroSystems Holdings Inc. (NYSE:SPR). The grounding of 171 planes could delay Boeing's plans to increase its 737 manufacturing pace and impact its ability to sell aircraft. The incident adds to Boeing's recent setbacks, including the 737 Max crashes in 2019, which severely damaged its reputation.

Portfolio Pulse from Pooja Rajkumari

January 08, 2024 | 8:53 am

BOOT

CMC

HELE

JEF

TRIN

U.S. stock futures are trading lower on Monday, with investor focus on Commercial Metals Company (CMC), Boot Barn Holdings (BOOT), Helen of Troy Limited (HELE), Trinity Capital Inc. (TRIN), and Jefferies Financial Group Inc. (JEF). CMC is expected to report earnings of $1.45 per share on revenue of $1.89 billion. BOOT issued preliminary Q3 results with net sales of $520.4 million and EPS at or above $1.79. HELE is expected to earn $2.75 per share on revenue of $544.39 million. TRIN named Michael Testa as CFO, and JEF is expected to post earnings of 34 cents per share on revenue of $1.24 billion.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 8:28 am

LGEIY

ROKU

LG Electronics Inc (OTC:LGEIY) has introduced the LG Signature OLED T, a transparent OLED TV, at CES 2024, with plans to release it in the second half of 2024. The innovative TV features a transparent OLED panel and a retractable 'contrast screen' for a traditional picture. The announcement comes as LG faces increased competition in the TV market, particularly from Roku Inc. (NASDAQ:ROKU), which recently entered the high-end TV market. LG Display saw a 17% revenue decline in Q4 2023 due to macroeconomic conditions.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 7:44 am

ARBK

Seif El-Bakly has stepped down as COO of Argo Blockchain, with Sebastien Chalus to continue overseeing operations. Argo issued 1,973,892 new shares for El-Bakly's vested PSUs, which will be admitted to trading on the London Stock Exchange on January 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:06 am

IDCBY

UBS

UBS Group AG (NYSE:UBS) is determined to expand its wealth and asset management operations in China despite economic challenges and global tensions. Eugene Qian, UBS's China head, emphasized the importance of the Chinese market and the bank's plans to grow its onshore platforms. UBS did not integrate Credit Suisse's wealth management team in China after their merger. UBS has also signed a memorandum of understanding with the Industrial And Commercial Bank Of China Ltd (OTC:IDCBY) to serve clients and strengthen its presence in China, which is part of a long-term strategy.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 6:21 am