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KEYS

Keysight Technologies, Inc. (NYSE: KEYS) has expanded its MP4300A Series Modular Solar Array Simulator with two new mainframe and module models, increasing the total power capacity to 8.4kW. This enhancement improves the simulation of conditions spacecraft and satellites experience in space.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:03 pm

IVW

IWM

IWN

QQQ

Small-cap stocks, represented by the iShares Russell 2000 ETF (IWM), have experienced their best five-day rally since June 2020, driven by expectations of a Federal Reserve interest rate cut in September. This has led to a rotation from large-cap tech stocks, tracked by the Invesco QQQ Trust (QQQ), to small caps. Despite the rally, concerns remain about the sustainability of this trend, particularly due to uncertainties in regional banks' earnings.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 3:02 pm

MMM

3M (NYSE:MMM) has made a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. This move aligns with 3M's commitment to advancing climate technologies and supporting the transition to a low-carbon economy.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:01 pm

GRAL

GRAIL shares are trading higher following an update on the PATHFINDER 2 and NHS-Galleri clinical trials for the Galleri multi-cancer early detection test.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:00 pm

APD

USO

Saudi Aramco is set to acquire a 50% stake in Air Products Qudra's Blue Hydrogen Industrial Gases (BHIG) to develop a lower-carbon hydrogen production business. This move aims to support the growth of Aramco's new energies portfolio. Upon completion, Aramco and APQ will each own a 50% stake in BHIG.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:56 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) will release its Q4 and full fiscal year 2024 financial results on July 29, 2024. The company experienced a sharp decline after missing Q3 estimates but showed significant revenue growth and reduced net loss. Key achievements include increased revenue in core segments and a strong liquidity position. Tilray's strategic investments and market position indicate a positive outlook for future growth.

Portfolio Pulse from Javier Hasse

July 16, 2024 | 2:52 pm

SILO

Silo Pharma Inc (NASDAQ:SILO) shares surged 128% on Tuesday due to high trading volume and the announcement of an exclusive global license agreement for its Alzheimer's drug SPC-14. The company plans to use the FDA's 505(b)(2) pathway to expedite development and reduce costs. Silo also has a similar agreement for SPC-15, targeting stress-induced disorders and PTSD.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 2:50 pm

BMWYY

FXI

VWAGY

The European Commission has indicated to BMW and Volkswagen that it may reconsider tariffs on their China-made electric vehicles (EVs), according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:46 pm

PM

VDC

XLP

Philip Morris International Inc (NYSE:PM) is investing $600 million to establish a manufacturing facility in Aurora, Colorado, expected to create 500 direct jobs and generate $550 million in annual economic impact. The plant will produce Swedish Match ZYN nicotine pouches, aiming to shift adult smokers away from traditional cigarettes. The construction phase will create nearly 5,000 jobs and contribute nearly $1 billion to the economy. PMI's stock has gained over 7% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 2:42 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading slightly higher after the company announced updates for the 2025 model year, including enhancements to the Lucid Air Pure, new-generation control hardware, and advanced in-car entertainment systems. Despite the positive news, the stock faces headwinds from a recent Underweight rating by Cantor Fitzgerald and political uncertainties.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 2:40 pm