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Lockheed Martin and General Dynamics have announced a strategic teaming agreement for the production of solid rocket motors, with initial production for Guided Multiple Launch Rocket System (GMLRS) set to begin in 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:05 pm

JWN

Nordstrom, Inc. (NYSE:JWN) announced plans to open a new Nordstrom Rack in Morrisville, North Carolina in spring 2025. This expansion aims to grow their footprint in the Raleigh market and introduce new customers to the Nordstrom experience.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:04 pm

WKEY

WISeKey's SEALCOIN AG has secured a $50 million token investment from GEM Digital Limited to develop DePIN using Hedera DLT Ledger. The Hashgraph Group will provide technical expertise and strategic guidance.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:02 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) reported a 132% year-over-year increase in product sales for the first half of 2024, totaling 10,400 tons. The company, a leading manufacturer of lithium-ion battery anode materials, was featured on Guizhou Provincial Radio and Television Channel's 'Finance Qianxinan' program. Sunrise holds over 70 patents and collaborates with industry leaders in R&D.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:01 pm

ACHR

Archer Aviation (NYSE: ACHR) and Future Flight Global (FFG) announced a memorandum of understanding for the planned purchase of up to 116 Midnight Aircraft worth up to $580 million. This agreement brings Archer's indicative order book to $6 billion. Despite this positive news, Archer shares are down more than 30% over the past month and are trading below the 50-day moving average of $3.95. Analysts have an average 1-year price target of $9.31 for Archer, with no bearish recommendations.

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 3:54 pm

SONY

TTWO

A recent update on Sony's PlayStation Store has sparked speculation that Red Dead Redemption may be coming to PC. The listing, which was quickly corrected, mentioned the game being available on PC, leading to renewed interest. This follows a May 2024 datamine hinting at a possible PC port by Rockstar Games, a subsidiary of Take-Two Interactive Software. The potential PC version is expected to include enhancements but no multiplayer content.

Portfolio Pulse from Franca Quarneti

August 13, 2024 | 3:53 pm

OKLO

Oklo Inc (NYSE:OKLO) shares are trading higher after the company announced a preferred supplier agreement with Siemens Energy for the power conversion system of its Aurora powerhouse. This strategic development is expected to result in cost savings and improved performance for Oklo's advanced fission technology.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 3:52 pm

CGC

MJ

MSOS

TLRY

Roger Stone, a longtime ally of former President Donald Trump, believes that Trump's endorsement of a Florida marijuana legalization initiative would guarantee its victory. Trump has yet to take a definitive stance but has indicated he will make a statement soon. The initiative, Amendment 3, has mixed support and opposition, with significant financial backing on both sides. The measure would allow adults 21 and older to purchase and possess cannabis, potentially generating significant tax revenue for the state.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:43 pm

GM

General Motors (GM) is planning a major overhaul and job cuts in China, including discussions with local partner SAIC about capacity cuts and strategic redirection. The company is transitioning to electric vehicles and upscale models amid intense competition from local players.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 3:43 pm

AMD

INTC

IVV

SPY

AMD has issued an alert about a critical vulnerability named 'SinkClose' affecting multiple generations of its processors, including EPYC, Ryzen, and Threadripper. The flaw allows attackers with Kernel-level privileges to escalate to System Management Mode, making it nearly impossible to detect or remove malware. AMD has rolled out mitigations for some CPUs and plans to release more fixes soon. Despite the vulnerability, AMD shares were trading higher by 2.64%.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 3:42 pm