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SAVA

Cassava Sciences shares are trading higher following the announcement that its first Phase 3 trial is expected to conclude by December, with a second Phase 3 trial expected to conclude by June 2025.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:25 pm

HOOD

SHIBUSD

Shiba Inu (SHIB) has seen a significant increase in its burn rate, with 10.3 million SHIB coins burned in the past 24 hours. Despite this, SHIB's price has declined by 0.4% in the last 24 hours and 1.7% over the past week. The Shiba Inu community has petitioned Binance to implement a daily burn mechanism to boost the coin's price. Whale transactions have also been notable, with 2.7 trillion SHIB transferred from Robinhood to an unknown wallet. Technical analysis suggests a bearish long-term trend for SHIB.

Portfolio Pulse from Khyathi Dalal

July 22, 2024 | 2:16 pm

ERJ

Embraer has signed a contract with Austria and the Netherlands for a firm order of nine C-390 Millennium aircraft. The contract includes five aircraft for the Netherlands and four for Austria, with deliveries starting in 2027 and concluding by 2030. Embraer's defense head expects to increase production to 12 C-390 aircraft per year by 2030, up from four this year, despite supply chain challenges.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:02 pm

CRWD

EIS

SPY

Benzinga Market Summary: President Biden drops out of the race and endorses Vice President Harris. Crowdstrike shares continue to fall following a global outage. Israel's Prime Minister Netanyahu is set to visit Washington. Verizon slips on a revenue miss.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:51 pm

TSLA

Ford and GM are expected to report lower profits for Q2 due to challenges in their EV strategies and cyber outages affecting dealerships. Ford's profits may drop by 10% and GM's by 7.7%. The EV market slowdown and competition from Chinese EV makers and Tesla are contributing factors. GM is reducing its EV production target, and Ford is delaying new EV launches.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 1:47 pm

MIRA

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TELL

XCUR

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. The Chicago Fed National Activity index fell to 0.05 for June, better than expected. MIRA Pharmaceuticals, Tellurian, and Serve Robotics saw significant stock price increases, while Exicure, SunPower, and PS International Group experienced declines.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 1:44 pm

NITO

N2OFF, Inc. (NASDAQ:NITO) has entered the solar photovoltaic (PV) market through a partnership with Solterra Renewable Energy Ltd. This move is expected to provide lucrative opportunities for investors as the global solar PV market is projected to grow significantly.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:27 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after the company announced that its cannabis cultivation facility in Germany received the first new cannabis cultivation license under Germany’s new Cannabis Act. This development is expected to positively impact the company's operations and patient care in Germany.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:26 pm

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RWB

TSNDF

Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.

Portfolio Pulse from Jelena Martinovic

July 22, 2024 | 1:26 pm

NVDA

Shares of Nvidia are trading higher following a report suggesting the company is preparing a version of its AI chips for the Chinese market. Additionally, Piper Sandler maintained an Overweight rating and raised its price target from $120 to $140.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:19 pm