Streetbeat News

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GOEV

KARS

NIO

RIVN

TSLA

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

SGML

Sigma Lithium marked its first production year and announced plans to expand its industrial capacity to 125,000 t/y LCE by 2026. The company targets $420M EBITDA by 2025 and $700M by 2027, supported by capital investments and a partnership with BNDES. Sigma was recognized by Nasdaq for its climate leadership.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:21 pm

BUYZ

IYT

UBER

Oppenheimer analyst raises Uber's price target to $95, citing increased food delivery penetration and potential for new user acquisition. Uber's partnership with Spirit Halloween and favorable delivery trends contribute to the positive outlook.

Portfolio Pulse from Lekha Gupta

September 27, 2024 | 8:11 pm

FXI

SPY

U.S. Secretary of State Antony Blinken had a candid and substantive meeting with China's Wang Yi. They discussed disrupting drug flow into the U.S., improving military communication, and AI risks.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 8:11 pm

ACHC

IONQ

NVNO

ONCO

RKLB

SEEL

U.S. stocks showed mixed performance with the Nasdaq Composite falling over 100 points. Energy shares rose by 1.3%, while information technology shares fell by 1%. Onconetix shares surged 56% following a significant stake report by Altos Venture. IonQ shares increased 16% after securing a $54.5 million contract with the U.S. Air Force Research Lab. Rocket Lab USA shares rose 12% after a price target increase by Keybanc. Seelos Therapeutics and enVVeno Medical Corporation shares fell significantly due to company-specific announcements.

Portfolio Pulse from Avi Kapoor

September 27, 2024 | 6:41 pm

PARA

Paramount Global (NASDAQ:PARA) is considering ending its contract with Nielsen for audience measurement due to pricing conflicts. Paramount may switch to alternatives like VideoAmp if no agreement is reached. This move reflects broader industry dissatisfaction with Nielsen's services.

Portfolio Pulse from Vandana Singh

September 27, 2024 | 6:11 pm

IYT

JBHT

NKLA

UTRN

J.B. Hunt Transport Services, Inc. (JBHT) is expanding its fleet with 20 Nikola Corporation (NKLA) fuel cell electric vehicles to enhance sustainability. This move is part of J.B. Hunt's efforts to provide zero-emission solutions for its customers. Nikola will support this initiative with fueling infrastructure. JBHT shares rose 1.25% and NKLA shares increased by 2.39% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 5:52 pm

DIVO

GCAD

HON

QCOM

Honeywell International Inc. (NASDAQ:HON) announced an increase in its annual cash dividend from $4.32 to $4.52 per share, marking the 15th increase in 14 years. The company is focusing on automation, aviation, and energy transition, with plans to deploy $25 billion towards dividends, acquisitions, and more by 2025. Honeywell shares have gained over 12% in the past year, and the stock is trading higher by 0.67% today. Investors can access Honeywell through ETFs like GCAD and DIVO. Honeywell is also developing an AI-enabled agent for mobile devices with Qualcomm Inc. (NASDAQ:QCOM).

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 5:31 pm

IONQ

TMAT

IonQ, Inc. (NYSE:IONQ) shares surged after securing a $54.5 million contract with the US Air Force Research Lab. The company has shown significant growth in sales and revenue, with $72.8 million in bookings year-to-date. IonQ is confident in meeting its annual guidance and has also announced a $9 million agreement with the University of Maryland. Despite a 43% stock decline over the past year, IonQ's recent developments have positively impacted its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 4:25 pm

SONM

Sonim Technologies has partnered with Brodos AG to expand its rugged mobile solutions in the DACH region, which includes Germany, Austria, and Switzerland. This strategic partnership aims to enhance Sonim's market presence in these countries.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:10 pm