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INTZ

Intrusion Inc. (NASDAQ:INTZ) announced a partnership with iOne Resources to supply Secure Electronic Transmission Services for the 2025 Philippines midterm elections, marking a significant financial commitment with a bid of around $25 million. The services are expected to be operational by November 2024, contributing to earnings in the latter half of the year. However, INTZ shares dropped 16.88% to $1.91.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 3:22 pm

SPEC

Spectaire Holdings Inc (NASDAQ:SPEC) shares surged 15% to $0.92 after announcing a global distribution partnership with a Fortune 1000 Energy Company for its AireCore units, aimed at reducing emissions in the oil and gas industry.

Portfolio Pulse from Henry Khederian

April 17, 2024 | 3:21 pm

CXAI

CXApp Inc. (NASDAQ:CXAI) reported record double digit Annual Recurring Revenue (ARR) growth for Q4 2023 and a 24% ARR growth for the full year. The company is rebranding to CXAI, emphasizing an AI-centric approach. The growth is attributed to two large Fortune 1000 contracts and a partnership with Google Cloud. Subscription-based revenue constituted 81% of total revenue, with a gross margin of 80%. CXAI shares surged 21.5% to $4.75.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 3:19 pm

AMAT

ASML

SPY

The article discusses the impact of Federal Reserve Chair Powell's recent statements on interest rates and inflation, highlighting a temporary dip in the stock market followed by aggressive buying. It also covers the increased demand for advanced semiconductors driven by AI, mentioning ASML Holding NV and Applied Materials, Inc. as key players in the semiconductor equipment market. Additionally, it notes positive early trade money flows in major tech stocks and mixed flows in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1, with a focus on the importance of protection bands for investors.

Portfolio Pulse from The Arora Report

April 17, 2024 | 3:19 pm

AMZN

Amazon.com announced that its Just Walk Out technology does not use or collect any biometric information of shoppers, according to Reuters. This clarification comes amid growing concerns over privacy and data security in retail technologies.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:12 pm

AMZN

Amazon.com has refuted claims that its Just Walk Out technology involves human reviewers monitoring from afar, stating such reports are untrue, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:11 pm

AMZN

Amazon.com plans to open more small-format third-party Just Walk Out stores in 2024 than in any previous year. The company is also expanding its Dash Cart technology to all Amazon Fresh stores and third-party grocers, while continuing to develop the next generation of Just Walk Out technology aimed at enhancing the checkout experience in large-format stores.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:10 pm

CTOS

Custom Truck One Source, Inc. (NYSE:CTOS) has acquired A&D Maintenance and Repair, expanding its New York footprint and service capabilities. The acquisition adds over 20,000 square feet of space and a highly experienced team, enhancing Custom Truck's presence and service capacity in Long Island and the greater New York City metro area. CEO Ryan McMonagle emphasized the cultural fit and the potential to build on A&D's legacy, noting the acquisition will complement existing offerings and improve service to customers in the region.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:09 pm

CFCV

FTXL

INTC

Intel Corporation (NASDAQ:INTC) announced its plan to provide AI services at the Olympic and Paralympic Games 2024, focusing on 8K live streaming, accessibility for the visually impaired, and immersive sports experiences. Intel's AI technology, powered by Intel processors, aims to enhance the viewing experience and accessibility at the Paris 2024 Games. The company's technology will also support advancements in accessibility for the visually impaired through AI built on Intel Xeon, enabling indoor and voice navigation via a smartphone app. INTC stock has seen an 11% increase over the past year, and exposure to INTC can be gained through ClearBridge Focus Value ESG ETF (BATS:CFCV) and First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL).

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 3:02 pm

ITT

Four analysts have recently updated their ratings and price targets for ITT Inc (NYSE:ITT), showing a mix of bullish sentiment with an average 12-month price target of $153.00, up from the previous $139.00. The updates reflect positive expectations for ITT's stock, influenced by the company's performance and market dynamics. ITT, a diversified manufacturer in transportation, industrial, and energy markets, has shown a revenue growth rate of 7.04% as of December 31, 2023, but faces challenges with below-average net margin and ROE, despite a strong ROA and sound debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:01 pm