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JOBY

Joby Aviation Inc. (NYSE: JOBY) saw a 3.64% rise in its stock price following news of its application for air taxi certification in Australia. Despite this positive development, the stock remains in a bearish trend, down 35.16% over the past year and 20.83% year-to-date. Technical indicators suggest continued bearish pressure, although there are potential bullish opportunities for risk-tolerant investors.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 8:39 pm

RUN

TSLA

Sunrun has announced a new partnership with Tesla Electric, which is expected to enhance their solar energy solutions and expand their market reach.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:34 pm

RIVN

VWAGY

Rivian Automotive (NASDAQ:RIVN) reported Q2 revenue of $1.16 billion, beating estimates, but missed EPS expectations with a loss of $1.46 per share. The company produced 9,612 vehicles and delivered 13,790. Rivian highlighted a joint venture with Volkswagen Group (OTC:VWAGY) aimed at accelerating software development and reducing costs. Rivian reaffirmed its full-year production guidance of 57,000 units and plans to launch the R2 vehicle in 2026.

Portfolio Pulse from Chris Katje

August 06, 2024 | 8:31 pm

RKLB

Rocket Lab has partnered with Kongsberg Satellite Services to develop a global ground station service. This collaboration aims to streamline operations for satellite deorbit, re-entry missions, and interplanetary neutron launches, enhancing communication for Electron launches and on-orbit operations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm

PGEN

Precigen, Inc. (NASDAQ:PGEN) is strategically prioritizing its portfolio to focus on the potential launch of its gene therapy, PRGN-2012, for recurrent respiratory papillomatosis (RRP). The company is reducing its workforce by over 20% and has initiated patient enrollment in a confirmatory clinical trial for PRGN-2012, which is on track for a rolling BLA submission under an accelerated approval pathway.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm

DIS

Disney's Q3 earnings report is anticipated with a focus on Disney+ subscribers and recent box office successes. Analysts expect revenue of $23.11 billion and earnings per share of $1.20. Key topics include the performance of 'Inside Out 2' and other upcoming titles, as well as price hikes for Disney+.

Portfolio Pulse from Chris Katje

August 06, 2024 | 8:26 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) has announced a strategic agreement with EVSTAR to introduce a comprehensive 5-year protection plan for its EV charging infrastructure. The new extended warranty program aims to boost customer confidence by covering accidental damage, OEM connection issues, power surges, and more.

Portfolio Pulse from charles@benzinga.com

August 06, 2024 | 8:18 pm

HALO

Halozyme Therapeutics has reiterated its financial guidance for 2024, projecting EPS of $3.65-$4.05 and revenue of $935M-$1.015B. This represents significant growth over 2023, driven by increases in royalty revenue, collaboration revenue, and product sales from XYOSTED®. Adjusted EBITDA is expected to grow by 30% to 44%.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:13 pm

BTCUSD

Technical analysts are debating the future price action of Bitcoin (BTC) following its recent downturn. Analysts highlight the importance of flexibility in technical analysis and considering broader market factors. The influence of Bitcoin as an institutional asset will be discussed at Benzinga’s Future of Digital Assets event on Nov. 19.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 8:12 pm

GO

Grocery Outlet has announced plans to open 62-64 new stores in the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:03 pm