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UAA

Outside has acquired MapMyFitness apps from Under Armour, marking a significant move for Outside's CEO Robin Thurston, who originally founded MapMyFitness. This acquisition will enhance Outside's digital platform, increasing its paid subscribers and expanding its user base significantly.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:11 pm

COM

Ed Egilinsky from Direxion highlights key market catalysts such as the Fed's policy shift, geopolitical risks, and recession fears. He suggests the Direxion Auspice Broad Commodity Strategy ETF (COM) as a viable long-term investment due to its dynamic commodity strategy.

Portfolio Pulse from Surbhi Jain

September 03, 2024 | 4:10 pm

SOC

Sable Offshore announced that Santa Barbara County acknowledged it lacks jurisdiction over Pacific Pipeline Co's installation of 16 new safety valves. A conditional settlement agreement was reached on August 30, 2024, and Sable plans to dismiss a pending lawsuit post-installation. Production is expected to restart in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:03 pm

AAPL

AUUD

Auddia Inc (NASDAQ:AUUD) shares surged after launching Apple CarPlay and Android Auto interfaces for its faidr app, enhancing user convenience and safety. The company plans further integrations and an AI-assisted music-only AM/FM offering.

Portfolio Pulse from Adam Eckert

September 03, 2024 | 4:00 pm

CNFR

DYN

IOBT

RXRX

SGRP

SIFY

U.S. stocks fell with the Nasdaq down over 2% and the Dow Jones down over 1%. Sify Technologies surged 105% after achieving a significant certification, while SPAR Group rose 65% due to an acquisition agreement. Conifer Holdings gained 46% after selling its insurance agency operations. IO Biotech, Dyne Therapeutics, and Recursion Pharmaceuticals saw significant declines due to various announcements.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 4:00 pm

GEV.N

GE Vernova has acquired the remaining 55% stake in a Saudi joint venture from Dussur, becoming the sole owner of the General Electric Saudi Advanced Turbines JV. The deal's value was not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:57 pm

AMZN

Amazon is expanding its same-day grocery delivery service by partnering with Metropolitan Market and expanding its existing service with Weis Markets. This move enhances Amazon's grocery delivery offerings in the Greater Seattle area and additional locations in Pennsylvania, New Jersey, and New York.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:41 pm

NFE

New Fortress Energy has received authorization from the U.S. Department of Energy to export up to 1.4 million tonnes per annum of LNG to non-Free Trade Agreement countries from its Fast LNG 1 asset in Mexico for five years. This expands their market reach globally.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:33 pm

AMZN

GOOGL

META

Amazon, Google, and Meta are significantly increasing their capital expenditures to capitalize on generative AI advancements. JPMorgan analyst Doug Anmuth predicts a 40-60% increase in capex for these companies in 2024, driven by early returns on AI investments. Amazon's AI business is generating $2B-$3B annually, Google's AI products have contributed billions in revenue, and Meta's AI-driven improvements have boosted engagement and ad recommendations.

Portfolio Pulse from Surbhi Jain

September 03, 2024 | 3:29 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares fell 12% after the company reported a decrease in Bitcoin mining for August. Despite a slight increase in hashrate, the company mined fewer Bitcoins compared to July. CleanSpark is expanding its data center capacity, which is expected to boost future production.

Portfolio Pulse from Adam Eckert

September 03, 2024 | 3:24 pm