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FOXA

FOX Nation is launching a new series titled 'Truths with Vivek Ramaswamy' on September 22, along with a one-hour 'Just Ask' forum moderated by Pete Hegseth. The series will focus on conservative ideals and national issues.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:57 pm

IREN

Iris Energy (NASDAQ:IREN) shares rose after announcing the purchase of 1,080 NVIDIA H200 GPUs for $43.9 million, expected to boost AI Cloud Services earnings to 10% by year-end. The company anticipates $32 million in annualized hardware profit.

Portfolio Pulse from Dylan Berman

September 16, 2024 | 4:56 pm

GEVO

Gevo shares rose following the announcement of a U.S. Patent for their Ethanol to Olefins (ETO) process, enhancing their intellectual property in bio-based renewable fuel and chemical production.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:50 pm

TRMB

Trimble has launched Transporeon Visibility in North America, providing real-time shipment tracking and AI-powered estimated time of arrival (ETA) for carriers and shippers across road, ocean, and air sectors.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:46 pm

AKAN

Akanda Corp. has obtained a hemp cultivation license in Canada, enhancing its strategic position in the cannabis market. This development is part of its agreement with 1107385 B.C. LTD, reinforcing Akanda's commitment to its global cannabis industry leadership.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:44 pm

AAPL

JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target, despite noting softer early demand for the iPhone 16 Pro models compared to the iPhone 15 series. Lead times for the iPhone 16 series vary globally, with China showing a smaller gap between base and Pro models. AAPL stock is down 2.69% at $216.56.

Portfolio Pulse from Anusuya Lahiri

September 16, 2024 | 4:33 pm

ASND

ITOS

NCNA

NUVL

SBT

TIL

U.S. stocks showed mixed performance with the Nasdaq Composite falling around 1%. Energy shares rose by 1.1%, while information technology shares fell by 0.9%. Notable stock movements included NuCana plc surging 151% after positive trial data, Ascendis Pharma rising 17% on trial results, and Nuvalent gaining 28% after announcing a public offering and positive program results. Instil Bio shares plunged 25% due to strategic announcements, Sterling Bancorp fell 17% after announcing a sale and dissolution plan, and iTeos Therapeutics dropped 20% following interim data release.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 4:31 pm

BLDR

GRBK

MHO

TOL

Homebuilder stocks, including Builders First Source, are rising due to expected Fed rate cuts, declining mortgage rates, and Kamala Harris's homeownership plan. Builders First Source received an upgraded rating from Truist Securities, boosting its stock price.

Portfolio Pulse from Michael Juliano

September 16, 2024 | 4:19 pm

ASND

Ascendis Pharma's investigational drug TransCon CNP shows promising results in a trial for treating achondroplasia, a form of dwarfism. The drug demonstrated superior growth velocity in children compared to placebo and showed a good safety profile. Ascendis plans to submit an FDA application in early 2025.

Portfolio Pulse from Vandana Singh

September 16, 2024 | 4:18 pm

HYZN

Hyzon Motors shares rose as the company began production of its Class 8 200kW fuel cell electric trucks.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:11 pm