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BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) reported mixed Q2 FY24 results, with revenue growing 4% Y/Y to $16.0 million but missing the analyst consensus estimate of $18.6 million. EPS loss of $0.11 beat the consensus estimate for a loss of $0.13. The company experienced a 6% Q/Q decline in order backlog and reduced its capital expenditure guidance for FY24. BLDP shares are down 3.11% following the report.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 2:09 pm

SXTP

60 Degrees Pharmaceuticals shares are trading higher after the company announced that it granted the University of Kentucky a right of reference to its new drug application for ARAKODA.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:07 pm

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) has announced a non-binding letter of intent to become the exclusive U.S. distributor of Safety Strips, Inc.'s fentanyl, xylazine, and drink spike detection test strips. This partnership aims to leverage Greenlane's distribution platform to address the growing opiate crisis.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:06 pm

MSFT

PLTR

Microsoft and Palantir Technologies have formed a partnership to integrate Palantir's advanced AI analytics into Microsoft's Azure cloud platform. This collaboration aims to enhance services for U.S. defense and intelligence agencies, potentially boosting Microsoft's stock, which recently rebounded above $400 after a significant drop. The partnership could be crucial for Microsoft's sustained growth and recovery.

Portfolio Pulse from Zaheer Anwari

August 12, 2024 | 2:05 pm

PANW

Financial giants have shown significant interest in Palo Alto Networks (NASDAQ:PANW) through unusual options activity. Analysis reveals a mix of bullish and bearish trades, with a notable range of price targets from $200 to $650. The stock is currently trading at $326.13, down by 1.61%, with a neutral RSI. Analysts have mixed ratings, with price targets ranging from $325 to $380.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 2:01 pm

DAL

TMUS

Delta Air Lines has started rolling out free Wi-Fi presented by T-Mobile on select long-haul international routes.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:00 pm

BTCUSD

COREUSD

Copper has announced a partnership with Core Foundation to enable institutional clients to stake Bitcoin and CORE tokens directly from their Copper accounts. This partnership expands Copper's services to include non-custodial BTC staking, enhancing capital efficiency for institutional investors.

Portfolio Pulse from Murtuza Merchant

August 12, 2024 | 1:51 pm

ETHUSD

Ethereum has been underperforming, down 15% over the past 30 days. However, on-chain data and technical analysis suggest a potential bullish rebound. Significant liquidations in the futures market may lead to renewed interest and a price surge. Traders are divided, with some seeing potential while others note competition from Bitcoin and Solana. Institutional interest in Ethereum will be discussed at Benzinga’s Future of Digital Assets event on Nov. 19.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 1:41 pm

BKR

HAL

USO

VTS

XLE

XOP

Oil prices are set for a fourth consecutive day of gains, driven by geopolitical risks despite OPEC's reduced demand forecast. Key US-listed assets like USO, XLE, HAL, BKR, XOP, and VTS are seeing positive premarket movements.

Portfolio Pulse from Piero Cingari

August 12, 2024 | 1:28 pm

TLS

Telos Corporation is expanding its TSA PreCheck enrollment services to seven new locations across Illinois, Indiana, Louisiana, Michigan, Minnesota, Texas, and Washington starting August 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:26 pm