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FTI

HES

IYE

XLE

XOM

Exxon Mobil Corporation awarded a large contract to TechnipFMC for subsea production systems for the Whiptail project in Guyana's Stabroek Block. The contract, valued between $500 million and $1 billion, includes 48 subsea trees, 12 manifolds, and associated equipment. This project, with an estimated resource base of over 850 million barrels of oil, is part of a $12.7 billion investment decision made by Exxon and Hess Corporation. Investors can gain exposure to Exxon through the Energy Select Sector SPDR Fund and iShares U.S. Energy ETF.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 3:31 pm

ULTA

Investors have shown a bearish stance on Ulta Beauty (NASDAQ:ULTA), with options data revealing 16 transactions, predominantly puts. The trading sentiment is mixed but leans heavily towards bearish, with a focus on a price band between $310.0 and $515.0. Ulta Beauty, a leading beauty retailer with a partnership with Target, has seen its stock price decrease by -2.33%, with an RSI indicating potential oversold conditions. The next earnings report is expected in 37 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:16 pm

CRLBF

MSOS

SPY

John Sullivan announced a working group led by Sen. Schumer and the Vice President discussing future cannabis legalization. This development was shared at Benzinga's Cannabis Capital Conference.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:53 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged by 83% after announcing a fourth 5-year WiSA E licensing agreement with a major HDTV/PTV brand. This agreement allows the brand to integrate WiSA E software into its products, enhancing wireless immersive audio options and interoperability with WiSA E-enabled speakers. WiSA E technology is supported by four HDTV SoC providers and offers a suite of audio features for various devices.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:48 pm

BARK

SHOP

BARK, Inc. (NYSE:BARK) is expanding its relationship with Shopify Inc. (NYSE:SHOP) to migrate its direct-to-consumer (DTC) businesses, including barkbox.com and superchewer.com, to its Shopify platform, BARK.co, in FY25. This move aims to enhance customer experience, support growth, and improve operational efficiencies. BARK anticipates improvements in traffic, conversion, average order value, and retention as a result. However, BARK shares dropped 3.2% to $1.09 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 2:38 pm

CRWD

National Australia Bank (NAB) has partnered with CrowdStrike (NASDAQ:CRWD) to offer one year of complimentary access to CrowdStrike Falcon Go, an AI-powered cybersecurity solution, to its small and medium-sized business customers. This initiative aims to protect these businesses from cyber threats, noting that 60% of SMBs that experience a data breach go out of business within six months. The partnership highlights the importance of cybersecurity for SMBs and the role of financial institutions in enhancing their security.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:04 pm

SPY

U.S. Treasury Secretary Yellen announced that Multilateral Development Banks (MDBs) invested nearly $100B in climate finance in 2022. Efforts are underway with Brazil to review climate finance architecture, aiming to strengthen the IMF and advocate for strong loan programs with robust conditionality to help restore stability.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:02 pm

SPY

U.S. Treasury Secretary Yellen announced a meeting with Chinese officials to discuss anti-money laundering and balanced growth. Additionally, the World Bank and other multilateral development banks have made significant progress in boosting their lending capacity.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:01 pm

CBSTF

MSOS

At the Benzinga's Cannabis Capital Conference, The Cannabist Co President, Jesse Channon, expressed confidence in the company's preparedness for success in Ohio, highlighting their understanding of the necessary requirements.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:52 pm