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RTX

SMBC Aviation Capital has ordered 22 more Pratt & Whitney GTF-powered A320neo aircraft, adding to a previous commitment, bringing the total to 42 firm orders. This strengthens the relationship between SMBC Aviation Capital and Pratt & Whitney, a business unit of RTX (NYSE:RTX).

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:40 am

APD

GCAD

HON

PPA

UAL

Honeywell International Inc. (HON) has been selected by United Airlines Holdings, Inc. (UAL) to supply advanced avionics for its new 737 MAX aircraft over the next decade. This includes 3D weather radar, 25-hour flight data recorders, and traffic avoidance systems. Honeywell's stock is trading slightly higher following the news. Additionally, Honeywell recently agreed to acquire Air Products And Chemicals, Inc.'s (APD) LNG process technology and equipment business for $1.81 billion. Investors can gain exposure to Honeywell via Gabelli Commercial Aerospace And Defense ETF (GCAD) and Invesco Aerospace & Defense ETF (PPA).

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 11:39 am

GPRK

GeoPark Limited (NYSE:GPRK) reported a consolidated average oil and gas production of 35,608 boepd for Q2 2024, with significant growth in Ecuador and Colombia. The company is currently producing over 41,000 boepd as of July 1, 2024, and has 11 rigs in operation. Key projects include secondary recovery in the Llanos 34 Block, record production in the CPO-5 Block, and increased exploration in Ecuador and Argentina.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:33 am

ITA

KTOS

NETZ

GE Aerospace is partnering with Oak Ridge National Laboratory to enhance supercomputing capabilities for next-gen aircraft engine technologies. GE plans to hire 900 engineers in 2024 and has signed an MoU with Kratos Defense & Security Solutions for small engine development. GE also announced a $1 billion investment in MRO facilities and extended CEO Larry Culp's tenure. GE stock has gained over 80% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 11:25 am

HYMTF

RIVN

TSLA

Tesla faces a sales slump in the U.S. with a nearly 10% drop in the first half of the year, while competitors like Toyota, Hyundai, Ford, and Rivian see significant growth in their EV sales.

Portfolio Pulse from Anan Ashraf

July 22, 2024 | 11:17 am

BTCY

Biotricity Inc. (NASDAQ:BTCY) has announced significant improvements in operational efficiency and margin performance due to upgrades in its AI Cloud platform. These enhancements are expected to improve the company's margins by 2-3% in the coming quarters, with further improvements anticipated. The company is on a path to profitability, leveraging its AI Cloud for better cardiac care diagnostics and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:15 am

Luxair has ordered two Boeing 737-10 airplanes, with options for two more, to enhance its fleet efficiency and support sustainable growth. The 737-10, the largest model in the MAX family, offers significant operational savings, reduced fuel use, and lower emissions.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:14 am

CRWD

MSFT

A recent global tech outage caused by cybersecurity firm CrowdStrike (NASDAQ:CRWD) could cost over $1 billion, with potential legal and financial repercussions. The outage disrupted various sectors and affected millions of devices. CrowdStrike's reputation may suffer, impacting its ability to attract new customers. Microsoft (NASDAQ:MSFT) shares were up slightly despite the incident.

Portfolio Pulse from Benzinga Neuro

July 22, 2024 | 11:12 am

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) announced that its Germany-based facility, Aphria RX GmbH, has received the first cannabis cultivation license under Germany's new Cannabis Act. This license allows Aphria RX to cultivate and manufacture a wide range of medical cannabis, improving patient access to high-quality medical cannabis in Germany.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:07 am

AMD

FXI

NVDA

SPY

TSM

AI chip stocks Nvidia, AMD, and Taiwan Semiconductor saw mixed movements on Monday following various geopolitical and economic developments. Nvidia and AMD opened higher, while Taiwan Semiconductor opened lower. The broader market and China-focused ETFs also experienced declines last week.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 11:07 am