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Jim Cramer recommends buying Ethereum or Bitcoin over Marathon Digital Holdings, citing a preference for cryptocurrency. He also commented on Exxon Mobil's 'parabolic move' and suggested buying Vertiv or Eaton for investments related to data centers. Additionally, NuScale Power's Q4 sales missed estimates, and Exxon Mobil awarded a contract to TechnipFMC for the Whiptail project in Guyana.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 1:25 pm

CACO

Caravelle International Group (NASDAQ:CACO) has signed a manganese ore purchase agreement with CUEX Metal AG, expected to generate $400M-$500M annually for Caravelle. The partnership, involving the supply of 4.5 million tons of manganese ore over three years, aims to advance both companies' positions in the global steel and wood drying industries. The innovative business model includes transporting manganese ore and drying wood on the same carrier, optimizing resource allocation and promoting environmental sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:20 pm

TBIO

Telesis Bio Inc. (NASDAQ:TBIO) announced a strategic shift to focus on its Gibson SOLA enzymatic DNA synthesis platform and BioXp mRNA solutions, aiming to accelerate drug discovery. The company also reported a CEO change, with Eric Esser taking over from Todd R. Nelson. Telesis Bio has entered into a co-development and marketing agreement with a leading automation provider and expanded its commercial channel through a distribution agreement with Avantor. The company has achieved cost savings by restructuring operations, reducing operating expenses, and extending its cash runway.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:17 pm

UNFI

United Natural Foods, Inc. (UNFI) has implemented Samsara's vehicle telematics, asset gateways, environmental monitors, and video-based safety solutions to enhance its operational efficiency and safety measures. This adoption signifies UNFI's commitment to leveraging technology for better fleet management and environmental monitoring.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:14 pm

ZTS

Scout Clean Energy has signed a 12-year Virtual Power Purchase Agreement (VPPA) with Zoetis Inc. for a 50-megawatt portion of the Heart of Texas Wind Farm. This agreement supports Zoetis' goal to achieve carbon neutrality by 2030 by securing renewable energy and generating Renewable Energy Certificates (RECs). The Heart of Texas Wind Farm, owned and operated by Scout, a Brookfield Asset Management portfolio company, contributes significantly to the local economy and the renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:12 pm

POCI

Precision Optics Corporation, Inc. (NASDAQ:POCI) announced receiving a $720,000 follow-on production order from a top tier defense/aerospace customer for a new optical application, bringing total orders to over $1.9 million. The company anticipates strong sequential revenue growth and continued order volumes into the next fiscal year, highlighting its expansion in the defense and aerospace market.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:11 pm

TCNNF

At the Benzinga Cannabis Capital Conference, the Bellamy Brothers and Trulieve CEO Kim Rivers discussed the placement of a constitutional amendment to legalize recreational cannabis on the Florida November 2024 ballot. Trulieve, a major supporter of the initiative, aims to rally support to meet the 60% vote threshold required for passage. The Bellamy Brothers, advocates for cannabis legalization, shared their personal connection to the cause and emphasized the safety and regulatory benefits of legalizing cannabis compared to alcohol, based on an FDA report.

Portfolio Pulse from Maureen Meehan

April 18, 2024 | 1:08 pm

CBT

Cabot Corporation and its partners have been selected to receive a $5 million grant from the U.S. Department of Energy to support the development of innovative, scalable manufacturing processes for producing carbon catalyst supports for fuel cells. This initiative aims to enhance fuel cell deployment by improving the production efficiency and reducing costs of key components.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:07 pm

CARR

Carrier Global Corporation (NYSE:CARR) announced an investment and technology partnership with Strategic Thermal Labs (STL) for the development of a liquid cooling solution for data centers. This technology is expected to significantly reduce energy consumption in data centers, with the liquid cooling market projected to grow to $3-5B by 2028. Carrier's investment in STL, following its acquisition of Nlyte in 2021, aligns with its ESG goals to reduce greenhouse gas emissions and develop sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:06 pm

AVT

Panasas has entered into a partnership with Avnet (NASDAQ:AVT) to use Avnet Integrated as its primary manufacturing and fulfillment operations partner. This collaboration aims to leverage Avnet's global supply chain and manufacturing capabilities to support Panasas' growth in the high-performance computing (HPC) and artificial intelligence (AI) storage market. The partnership is expected to enhance Panasas' supply chain efficiency, accelerate market and scale time for their solutions, and strengthen its competitive position globally.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:04 pm