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APTV

RIVN

TSLA

Piper Sandler downgraded Aptiv PLC (NYSE:APTV) from Neutral to Underweight, reducing the price target from $78 to $63, due to a joint venture between Rivian Automotive Inc (NASDAQ:RIVN) and Volkswagen (OTC:VWAGY) focusing on in-house electrical architecture. This move signals a shift away from third-party suppliers like Aptiv.

Portfolio Pulse from Priya Nigam

June 26, 2024 | 4:48 pm

TEM

Tempus AI shares are trading higher after the company announced it received U.S. FDA 510(k) clearance for its Tempus ECG-AF device, which uses AI to help identify patients at increased risk of atrial fibrillation/flutter.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:46 pm

HAP

HJEN

SHEL

Shell's Canadian unit has made a Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park in Scotford, Alberta. The project aims to capture 650,000 tonnes of CO2 annually and reduce Scope 1 CO2 emissions by up to 40% at the Scotford refinery. Shell also announced an FID for the Atlas Carbon Storage Hub in collaboration with ATCO EnPower, which will store CO2 from the Polaris project. Both projects are expected to start operations by the end of 2028. Shell aims to become a net-zero emissions energy business by 2050 and plans to invest $10-$15 billion in low-carbon energy solutions from 2023-2025. Shell's stock has gained over 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 4:45 pm

SPY

The New York Transit Authority has voted to indefinitely halt the Manhattan congestion pricing plan. This decision could have implications for various sectors, including transportation and urban development.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:42 pm

BABA

NTES

TCEHY

China's approval of 104 new video games, including titles from Tencent and Alibaba, has positively impacted the gaming industry. NetEase's stock rose by 2.91% following the news. The market has been recovering since Beijing resumed licensing video games in April 2022.

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 4:41 pm

AAPL

BofA Securities updated its outlook on Apple's Services segment, highlighting the integration of AI features announced at WWDC. BofA expects these AI features to drive a 14% increase in Services revenue year-over-year and boost overall margins in 2024. The firm also anticipates growth in App Store revenues despite potential EU regulatory impacts. Apple shares have gained over 12% in the past month, benefiting from these AI integration plans.

Portfolio Pulse from Erica Kollmann

June 26, 2024 | 4:35 pm

NVDA

At the NVIDIA AGM, CEO Jensen Huang announced that the Blackwell Architecture Platform is expected to be the most successful product in the company's history and potentially in the entire history of computing.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:32 pm

NRBO

NeuroBo Pharmaceuticals shares are trading higher following the announcement of the dosing of the first patient in the multiple ascending dose Part 2 of its Phase 1 clinical trial of DA-1726.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:31 pm

NVDA

NVIDIA CEO Jensen Huang announced at the annual shareholder meeting that the next wave of AI will automate $50 trillion worth of heavy industries.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:27 pm

OPTT

Ocean Power Technologies (AMEX:OPTT) shares surged 59.3% after announcing a sole source contract with the U.S. government for the delivery of marine power systems, including unmanned surface vehicles. The contract will be a fixed price purchase order without competitive bidding.

Portfolio Pulse from Dylan Berman

June 26, 2024 | 4:27 pm