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SUGP

SU Group Holdings Limited (NASDAQ:SUGP) has been awarded a significant new order at Hong Kong International Airport, which is expected to positively impact its sales growth. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:04 pm

SXTP

60 Degrees Pharmaceuticals has been awarded a contract with the U.S. Army to validate new packaging for ARAKODA. The company reported a 515% year-over-year increase in Q1 2024 ARAKODA sales revenue, reaching $105.7K, and has increased its commercial batch size in anticipation of higher sales volume.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:04 pm

LIQT

LiqTech International, Inc. (NASDAQ:LIQT) has entered into a partnership with Danbee Marine Co. Ltd. to market its marine scrubber water treatment solutions in South Korea, the second largest shipbuilding market globally.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:02 pm

EW

MXL

POAI

Market-Moving News for July 25th: Edwards Lifesciences (EW) shares drop 24% after poor Q2 sales and weak Q3 guidance, despite acquiring JenaValve and Endotronix. MaxLinear (MXL) shares fall 27% following disappointing Q2 results. Predictive Oncology (POAI) shares surge 117% after entering the biomarker discovery market with successful ovarian cancer study results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:01 pm

GLYC

GlycoMimetics (GLYC) will conduct an additional clinical trial for Uproleselan in relapsed/refractory acute myeloid leukemia (AML) following an FDA meeting. The company is initiating a strategic review and corporate restructuring, reducing its workforce by 80%. GlycoMimetics has engaged Lucid Capital Markets as a strategic advisor and is advancing a Phase 2/3 study of Uproleselan in newly diagnosed AML patients with the NCI and Alliance for Clinical Trials. The company's cash is expected to fund operations into Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:01 pm

VOYA

Voya Investment Management and OBL BankServices have launched the Voya Senior Loan Bank Advisory Program, aimed at helping Ohio community banks with commercial and industrial loan acquisition and risk management.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:01 pm

JWN

Nordstrom and INDOCHINO are expanding their partnership by adding five new INDOCHINO shop-in-shop locations across the US. This move builds on their successful collaboration since 2020.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:00 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) has paused sales of its Breezethrough collection due to design flaws, leading JPMorgan to lower its 2024 earnings estimates and remove the stock from its Analyst Focus List. The company's stock faces a revised price target of $338.00 for December 2025, down from $457.00. This setback is expected to impact Lululemon's revenue growth and operating margins.

Portfolio Pulse from Surbhi Jain

July 25, 2024 | 12:59 pm

TSLA

Tesla CEO Elon Musk has announced a new timeline for the 'Actually Smart Summon' feature, which will be bundled with the 12.5.x version of Tesla's Full Self-Driving (FSD) technology next month. This feature allows users to summon and banish their Tesla cars using the Tesla app. Musk emphasized that vehicle autonomy is a major driver of value for Tesla.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 12:52 pm

CRM

IGV

NOW

WDAY

XDAT

ServiceNow, Inc. (NYSE:NOW) shares are rising in premarket trading after exceeding second-quarter earnings expectations. The company reported revenue of $2.627 billion, surpassing the consensus estimate of $2.607 billion. Analysts expect robust U.S. federal business and increasing AI software adoption to counterbalance economic uncertainty. ServiceNow also announced the departure of its President and COO following an investigation and the acquisition of Raytion. The company expects third-quarter subscription revenue growth of 20% to 20.5%. ServiceNow's generative AI products significantly contributed to its earnings, positioning it in direct competition with Salesforce and Workday.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 12:52 pm