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NNE

Nano Nuclear Energy Inc (NASDAQ:NNE) shares surged by 37.8% to $21.69 after the company acquired intellectual property for an annular linear induction pump used in small nuclear reactor cooling and heat transfer. Dr. Carlos O. Maidana will collaborate as a consultant to further develop this technology, aiming for SBIR Phase III Award status.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:50 pm

AVO

EWW

SPY

Mexico and the U.S. have reached an agreement to restart avocado inspections, allowing U.S. avocado exports to resume. This development is expected to positively impact companies and ETFs related to avocado production and trade.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:42 pm

EADSY

Airbus CEO has stated that the supply chain is improving, but the progress is not uniform across all areas.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:38 pm

EADSY

Airbus CEO announced that Rolls-Royce engines for the A330 model are delayed, but there are no delays for the A350 model.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:38 pm

AEP

CARR

CMS

CNP

ETR

FIX

GNRC

LII

WSO

Shares for air conditioner manufacturers and utility companies are rising as a heat wave moves from the Midwest to the South. Companies like Generac Holdings, Comfort Systems USA, Watsco, Lennox International, Carrier Holdings, American Electric Power, CenterPoint Energy, Entergy Corp, and CMS Energy saw gains in their stock prices.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 5:36 pm

NVO

Novo Nordisk's Ozempic (Semaglutide) 1mg shows reduced risk of kidney disease-related events in Phase 3 FLOW trial. The label extension application has been accepted for FDA review, demonstrating superiority over placebo for all secondary outcomes. Fewer serious adverse events were reported in the Semaglutide group, though there were more discontinuations than placebo.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:35 pm

AAPL

AMD

AVGO

MARA

MAXN

MSFT

NVDA

SMCI

TSM

The article highlights unusual options activity in the Information Technology sector, focusing on trades involving companies like NVDA, AAPL, TSM, MU, SMCI, MARA, MSFT, AMD, MAXN, and AVGO. These activities can indicate potential trading opportunities based on the sentiment and volume of the trades.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:35 pm

EADSY

SPR

Airbus CEO announced that uncertainties regarding Spirit AeroSystems' industrial commitments have led to a decision to cut Airbus output targets. The CEO also mentioned a deteriorating supply situation for engines for the A320 family, which has worsened over the last few months.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:35 pm

RIVN

Rivian is implementing significant cost-cutting measures and manufacturing efficiencies to achieve its first profit. The company has reduced material costs by 35% for its vans and expects similar savings for its R1 SUVs and pickups. These changes are aimed at calming investor concerns and improving financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:29 pm

ARKF

ARKW

Goldman Sachs analyst Will Nance has assumed coverage on Block, Inc. (NYSE:SQ) with a Buy rating and a price target of $80, citing the company's strong position in SMB payments and consumer fintech. The analyst highlights Block's focus on direct deposits, neobank leadership, and financial services expansion as key growth drivers. Block's shares are currently trading at 18 times the 2025 adjusted EPS estimate, which is considered attractive given the company's projected double-digit top-line growth. Investors can also gain exposure to Block through ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 5:27 pm