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NOC

Northrop Grumman is collaborating with Elon Musk's SpaceX to work on a U.S. spy satellite system, according to Reuters News. This partnership leverages SpaceX's advanced rocket technology to enhance the capabilities and efficiency of national security payloads.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:38 pm

JNJ

Financial analysis reveals a bearish trend in options trading for Johnson & Johnson (JNJ), with 55% of trades showing bearish tendencies. Significant options trades include both puts and calls, with a price target window from $105.0 to $150.0. The company, a leading healthcare firm, is undergoing a divestiture of its consumer group under the name Kenvue. Analysts have varying opinions on JNJ, with target prices ranging from $167 to $215. The current trading volume is 1,686,302, with a slight price increase to $144.91.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:32 pm

LHX

L3Harris is set to expand and modernize its solid rocket motor manufacturing facility in Virginia, with the majority of the $41.2M investment stemming from a cooperative agreement signed with the Department of Defense (DoD) last year through Aerojet Rocketdyne. The Commonwealth of Virginia and Orange County are providing approximately $2.18M in incentives to support the site improvement and construction efforts.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:19 pm

ASML

INTC

Intel has completed the assembly of a commercial high numerical aperture extreme ultraviolet lithography scanner at its Hillsboro, Oregon R&D site. ASML is currently calibrating the scanner, which is a crucial step in preparing for the production of Intel's future process roadmap.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:16 pm

DAL

TMUS

Delta Air Lines has chosen T-Mobile as its preferred mobility partner to enhance operations and customer experiences with 5G technology. This partnership aims to leverage T-Mobile's advanced 5G network to improve various aspects of Delta's service offerings, potentially leading to more efficient operations and an enhanced experience for passengers.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:08 pm

BKNG

Stay, a hospitality company, has partnered with Booking.com to expand its global property portfolio. This collaboration aims to increase Stay's offerings and enhance its visibility on the Booking.com platform, potentially driving more bookings and revenue.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 2:06 pm

AAPL

RERE

The rise in smartphone recycling is attributed to a combination of factors including government initiatives, private sector participation, and economic conditions. President Xi Jinping's advocacy for a circular economy, the growth in used smartphone sales, and partnerships like that between ATRenew Inc. and Apple are key highlights. ATRenew's expansion into recycling various consumer goods and its commitment to ESG principles underscore the growing importance of sustainability in business practices.

Portfolio Pulse from The Bamboo Works

April 18, 2024 | 2:06 pm

AMZN

GOOG

META

MSFT

Big Tech companies including Meta Platforms (META), Alphabet (GOOG/GOOGL), Amazon.com Inc (AMZN), and Microsoft Corporation (MSFT) are set to release their earnings reports, offering insights into their financial health and the impact of generative AI development. Meta reported a 25% revenue increase in Q4, Alphabet's net income surged 52%, Amazon crushed estimates with record holiday sales, and Microsoft's revenue grew 18% in its fiscal second quarter. These reports will not only highlight the companies' performances but also provide a glimpse into the tech industry's direction and the unfolding AI era.

Portfolio Pulse from Upwallstreet

April 18, 2024 | 1:52 pm

IMMX

Immix Biopharma is on schedule for U.S. site initiation visits in April and May 2024, aiming to dose relapsed/refractory AL Amyloidosis patients with CAR-T NXC-201 at its New York City lead site and other leading U.S. sites by mid-2024. There is no change in the timing of patient enrollment.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:46 pm

CAN

Canaan Inc (NASDAQ:CAN) shares dropped after announcing a mixed securities shelf offering of up to $300 million, which may include various types of securities. The company, specializing in ASIC high-performance computing chip design and crypto mining, particularly bitcoin, had $96 million in cash by the end of 2023. Its next earnings report is expected at the end of May, with analysts predicting a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 1:32 pm