Streetbeat News

Partnerships

LPCN

Zacks Small-Cap Research has set a $40 price valuation for Lipocine (LPCN), stating that they expect all of Lipocine's assets to be developed by partners, with the company receiving upfront payments, milestones, and royalties.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 5:03 pm

CINT

CVCO

FL

FTCH

HPK

LPG

QBTS

STXS

US stocks turned lower midway through trading on Friday, with the Dow Jones dropping over 100 points. Energy shares rose by 1.3%, while consumer discretionary shares fell 0.5%. Foot Locker reported worse-than-expected Q1 results and lowered its FY23 guidance, causing its shares to drop 26%. Stereotaxis announced a global collaboration with Abbott, boosting its shares by 27%.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 4:04 pm

EWC

STLA

Ontario Premier Doug Ford announced plans to increase funding to help resume the Stellantis battery plant in Canada.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:23 pm

CELUSD

FTTUSD

Duncan Trenholme, co-head of digital assets at TP ICAP, believes that the crypto industry can learn from traditional finance to improve conflict-of-interest mitigation and customer fund protection. He is optimistic about the rekindling of interest in digital assets among major global financial institutions. TP ICAP is expanding its digital asset trading capabilities and aims to offer support when companies need to hedge their crypto exposure.

Portfolio Pulse from Murtuza Merchant

May 19, 2023 | 3:13 pm

SHAK

Shake Shack (NYSE:SHAK) shares spiked after the company signed a cooperation agreement with activist shareholder Engaged Capital, LLC. Morgan Stanley analyst Brian Harbour upgraded the stock from Underweight to Equal-Weight and raised the price target from $52 to $63.

Portfolio Pulse from Priya Nigam

May 19, 2023 | 3:09 pm

AVCNF

BUDZ

SBBC

Rhode Island Gov. Dan McKee has appointed three experts to the Cannabis Control Commission to regulate the state's cannabis market. WEED Inc. (OTCQB:BUDZ) strengthens its board with new appointments, while Simply Better Brands Corp. (TSXV:SBBC) and Avicanna Inc. (TSX:AVCN) (OTCQX:AVCNF) announce new board members.

Portfolio Pulse from Jelena Martinovic

May 19, 2023 | 3:05 pm

BA

LMT

NASA has awarded a contract to a Blue Origin-led team, which includes Lockheed Martin and Boeing, to build an astronaut moon lander. This collaboration aims to advance NASA's Artemis program, which plans to land astronauts on the moon by 2024.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:44 pm

NVDA

Nvidia stock gains attention due to the ChatGPT frenzy and reports of semiconductor makers ramping up manufacturing and consolidating tech partnerships in Japan. The stock has gained 120% YTD. Top semiconductor companies shared their transformation plans for Japan at a meeting in Tokyo. Japan's government will employ ¥1.3 trillion to support the pledges made by foreign chipmakers.

Portfolio Pulse from Anusuya Lahiri

May 19, 2023 | 2:44 pm

EWC

VGK

President Biden informed G7 leaders that the U.S. will support a joint effort with allies to train Ukrainian pilots on F-16 fighter jets, according to a senior U.S. administration official.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 2:28 pm

ABT

STXS

Sterotaxis and Abbott announced a global collaboration to integrate Abbott's EnSite X EP System with Sterotaxis' Robotic Magnetic Navigation systems, leading to a rise in Sterotaxis shares.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 2:00 pm