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CXAI

HD

SBUX

SYRS

U.S. stocks traded higher with the S&P 500 gaining 1%. Home Depot reported mixed Q2 results, beating EPS estimates but missing sales expectations. Starbucks announced a new CEO, boosting its stock by 22%. CXApp surged 89% after a deal with Google Cloud. Syros Pharmaceuticals dropped 60% after discontinuing a clinical trial.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 4:16 pm

GD

LMT

Lockheed Martin and General Dynamics have announced a strategic teaming agreement for the production of solid rocket motors, with initial production for Guided Multiple Launch Rocket System (GMLRS) set to begin in 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:05 pm

WKEY

WISeKey's SEALCOIN AG has secured a $50 million token investment from GEM Digital Limited to develop DePIN using Hedera DLT Ledger. The Hashgraph Group will provide technical expertise and strategic guidance.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:02 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) reported a 132% year-over-year increase in product sales for the first half of 2024, totaling 10,400 tons. The company, a leading manufacturer of lithium-ion battery anode materials, was featured on Guizhou Provincial Radio and Television Channel's 'Finance Qianxinan' program. Sunrise holds over 70 patents and collaborates with industry leaders in R&D.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:01 pm

ACHR

Archer Aviation (NYSE: ACHR) and Future Flight Global (FFG) announced a memorandum of understanding for the planned purchase of up to 116 Midnight Aircraft worth up to $580 million. This agreement brings Archer's indicative order book to $6 billion. Despite this positive news, Archer shares are down more than 30% over the past month and are trading below the 50-day moving average of $3.95. Analysts have an average 1-year price target of $9.31 for Archer, with no bearish recommendations.

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 3:54 pm

OKLO

Oklo Inc (NYSE:OKLO) shares are trading higher after the company announced a preferred supplier agreement with Siemens Energy for the power conversion system of its Aurora powerhouse. This strategic development is expected to result in cost savings and improved performance for Oklo's advanced fission technology.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 3:52 pm

ILMN

Illumina and the Broad Institute of MIT and Harvard have announced a research partnership to advance single-cell sequencing. Illumina expects this strategy to accelerate its revenue growth to high single digits by 2027.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:04 pm

TCBK

Tri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco and its Affordable Housing Program General Fund, awarded grants totaling more than $2.2 million to Rural Communities Housing Development Corporation and The Kelsey.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:02 pm

AVGO

VIG

XLK

Broadcom Inc (NASDAQ:AVGO) has launched the Catalyst initiative to enhance its cybersecurity market presence through strategic partnerships. The initiative involves key partners like TD SYNNEX, Arrow Electronics, and Carahsoft Technology Corp. Broadcom's stock is trading higher, and analysts predict significant growth opportunities in the AI silicon market. Investors can gain exposure to Broadcom through ETFs like Vanguard Div Appreciation ETF (NYSE:VIG) and SPDR Select Sector Fund – Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 2:52 pm

BA

EPOL

VGK

Boeing announced that Poland has signed a Letter of Acceptance (LOA) for 96 Boeing AH-64 Apache helicopters.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:46 pm