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EQNR

NDIV

NPSCY

SSUMY

Equinor ASA (NYSE:EQNR) has extended its 35-year partnership with Nippon Steel Corporation (OTC:NPSCY) and Sumitomo Corporation (OTC:SSUMY) by renewing a long-term contract to supply OCTG for up to 9 years. This contract highlights their commitment to stable supply, product development, and low carbon compliance. Equinor shares are trading higher, up 1.7% at $28.97. Investors can gain exposure via Amplify ETF Trust Amplify Natural Resources Dividend Income ETF (NYSE:NDIV) and SGI Enhanced Global Income ETF (GINX).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 2:30 pm

ICU

SeaStar Medical (NASDAQ:ICU) shares are trading higher after the FDA approved the final labeling for QUELIMMUNE, a treatment for children with acute kidney injury and sepsis. The company plans to start shipping this month and is also conducting trials with adults.

Portfolio Pulse from Dylan Berman

July 03, 2024 | 2:29 pm

LAZR

Luminar Technologies shares are trading higher after the company announced the launch of its Sentinel software for automakers.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:24 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG, GOOGL) is winding down its agriculture startup Mineral and licensing its AI technology to berry producer Driscoll's Inc. Mineral, which struggled to find a viable business model, uses cameras and machine learning to help farmers make better decisions. Driscoll's will use the technology to predict crop yields, and more deals are being negotiated with other industry partners.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 2:19 pm

META

Meta Platforms' CEO Mark Zuckerberg announced on Threads that the platform now has over 175 million monthly active users, highlighting significant growth over the past year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:18 pm

DIDIY

TSLA

XPEV

XPeng Inc. (NYSE:XPEV) unveiled the M03, the first model in its Mona series, an all-electric sedan priced below $27,500, with an official launch in August. The Mona brand stems from XPeng's acquisition of DiDi Global Inc.'s (OTC:DIDIY) EV business. XPeng's chairman highlighted the M03's homage to Tesla's (NASDAQ:TSLA) Model 3. XPeng shares rose by 4.85% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 2:17 pm

IYT

JETS

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares are trading higher due to the introduction of a new feature that enhances customer communication during weather delays. The feature uses generative AI tools to send real-time updates and radar maps to customers. United anticipates a record number of passengers over the Fourth of July weekend. The stock has lost over 12% in the last 12 months but is currently trading higher by 0.29%. Investors can also access the stock via U.S. Global Jets ETF (NYSE:JETS) and iShares U.S. Transportation ETF (BATS:IYT).

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 2:12 pm

BHP

FCX

RIO

SCCO

Shares of copper companies are trading higher due to an increase in copper prices, optimism for a stimulus in China, and potential rate cuts in the United States.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:04 pm

BTCUSD

Crypto trader Daan Crypto Trades predicts a temporary market scare following the distribution of Bitcoin from the defunct Mt. Gox exchange. While the initial impact may cause market unease, the long-term outlook is positive as the supply overhang is resolved.

Portfolio Pulse from Khyathi Dalal

July 03, 2024 | 2:02 pm

CGC

DBCCF

MSOS

OGI

TLRY

Decibel Cannabis Co. (OTCQB:DBCCF) faces market challenges with a 16% revenue drop in Q1 2024, despite leading the infused pre-roll segment in Canada. Increased competition and changing consumer trends have impacted sales and margins. The company is implementing cost-saving initiatives and new product launches to address these issues. Decibel's stock has dropped 53% over the last three months, contrasting with a 27% decline in the MSOS ETF and a 4% increase in the S&P 500.

Portfolio Pulse from Nicolás Jose Rodriguez

July 03, 2024 | 1:59 pm