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Boeing Company has opened an Engineering and Technology Center in Brazil, expanding its strategic investments in the country. The center will focus on developing advanced aerospace technologies. Boeing also signed a Memorandum of Understanding with the state of São Paulo to support STEM education, promote industrialization and innovation, and enhance the talent pipeline in Brazil's aerospace ecosystem. Additionally, Boeing announced funding for the State University of Campinas to develop the third phase of the SAFMaps database, aimed at accelerating sustainable aviation fuels production in Brazil.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 1:39 pm

PLUG

Plug Power has announced in an investor presentation that it expects to generate approximately $6B in revenue by 2027 and $20B by 2030. For FY23, the company expects to generate around $1.2B, slightly below the estimated $1.28B.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:38 pm

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WBA

Several companies are in the news for various reasons. Alphabet and Discord are facing ethical concerns over Google's AI chatbot, Bard. MGM Resorts snubbed hackers' ransom demands after a cyberattack. Costco is accused of sharing confidential health data with Meta Platforms. Humana has appointed a new CEO. Novo Nordisk has stopped a kidney trial due to early signs of efficacy. Walgreens has appointed a new CEO. GSK has settled a lawsuit. LVMH reported a 9% organic revenue growth in Q3. Qantas Airways is overhauling its board. Tempest Therapeutics' stock soared after positive results from a clinical trial. Tech giants Baidu, Huawei, and Alibaba are setting standards for autonomous driving in China. Blackstone is in talks to acquire a stake in Disney's Indian subsidiary. Mallinckrodt's bankruptcy plan was approved. Birkenstock has priced its IPO.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 1:36 pm

COHR

B. Riley Securities has upgraded Coherent (NYSE:COHR) from Neutral to Buy and raised the price target from $37 to $51.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:33 pm

CHPT

ChargePoint has raised $232M to support its path to profitability in 2024. This includes $175M of new equity committed by institutional investors via the company's 'at-the-market' offering facility and $57M of new equity raised in Q3 of FY2024 via the ATM. The terms of outstanding $300M convertible notes have also been adjusted.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:32 pm

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TSLA

Bitcoin miners have sold off 20,000 BTC in a week, marking the largest sell-off since April. Cathie Wood's Ark Invest continues to reduce its Tesla holdings, selling more than $8M worth of shares. Apple's support for the Right to Repair law in California has been enacted. Analysts are concerned about Apple's Q4 results as its stock takes a dive. Tesla's Q3 earnings report is under scrutiny, with analysts speculating about potential stock selloff due to margin erosion.

Portfolio Pulse from Akanksha Bakshi

October 11, 2023 | 1:31 pm

STLA

Stellantis N.V. (NYSE: STLA) and Samsung SDI have announced Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the U.S. The companies will invest over $3.2 billion in the new facility, which will be co-located with a gigafactory currently under construction. The second facility is expected to start production in early 2027, with an annual capacity of 34 gigawatt hours. The total investment for both facilities is expected to be more than $6.3 billion, creating about 2,800 new jobs.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 1:28 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has announced a private placement to raise approximately $5.026 million. The company will issue 1,930,108 units, each consisting of two Pre-Funded Warrants with an exercise price of $0.001 and a term of five years. The closing of the private placement is expected to occur on October 13, 2023. Aegis Capital Corp. is acting as the exclusive placement agent.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:16 pm

ASML

ASML Holding Inc.'s shares are currently trading at $600.87, after a 0.21% drop. Despite a decrease of 2.62% over the past month, the stock has spiked by 48.22% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, indicating that the stock might be undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 1:15 pm

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JPM

JPMorgan Chase & Co. has initiated its first collateral settlement using blockchain technology. The bank's Tokenized Collateral Network (TCN) facilitated BlackRock Inc. in converting shares from one of its money market funds into digital tokens. These tokens were then transferred to Barclays Plc as collateral for an over-the-counter derivatives deal. JPMorgan's Onyx Digital Assets network ensures almost immediate collateral movement, in contrast to traditional methods that could take a day. Other financial giants, including Goldman Sachs Group Inc., are also venturing into blockchain and digital assets.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 1:01 pm