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MP Materials' stock is trading higher following the announcement that the company has been awarded $58.5 million to enhance U.S. rare earth magnet manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:08 pm

General Dynamics' stock price increased following the FAA certification of its Gulfstream G700 model.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:54 pm

CXAI

GOOG

GOOGL

CXApp Inc (NASDAQ:CXAI) shares surged after announcing a strategic partnership with Alphabet Inc's Google Cloud, focusing on the launch of its CXAI Platform. The collaboration includes end-to-end security, analytics, monitoring, and SaaS performance enhancements for CXApp clients. The partnership also involves the development of CXApp's Work SuperApp, generative AI applications, experiential analytics, and enterprise customer applications, all powered by Google Cloud. The CXAI Platform will be added to Google Marketplace, with Google teams assisting in targeting key clients.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 4:51 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) reported updated data from a phase 1b trial of CAN-3110, showing promising results in treating recurrent high-grade glioma (rHGG). The trial observed a significant increase in median overall survival rates among patients, nearly doubling the expected survival compared to historical data. Over 50 patients have been treated, with positive HSV-1 serology indicating improved survival outcomes. Additionally, Candel shared interim data from a phase 2 trial of CAN-2409 for pancreatic ductal adenocarcinoma. The company's financials show $35.4 million in cash, expected to fund operations into Q4 2024. CADL shares rose 8.86% to $1.72.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 4:49 pm

BAX

Baxter International Inc. received FDA 510(k) clearance for its Novum IQ large volume infusion pump (LVP) with Dose IQ Safety Software, aiming to streamline clinical operations and enhance safety with features like a common user interface, web-based drug library, and over-the-air software updates. The approval could bolster Baxter's market position in medical devices.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 4:38 pm

DELL

Dell shares are trading higher, potentially in response to the announcement of the Stargate data center project by Microsoft and OpenAI. This project could imply increased demand for Dell's products and services, contributing to the positive movement in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:26 pm

DNN

LEU

UEC

URG

UUUU

Uranium stocks are experiencing an uptick following news that US oil companies are considering the use of small nuclear reactors for powering drilling operations in the Permian Basin. This development could signal a new demand avenue for uranium, potentially boosting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:20 pm

NUE

Nucor Corporation (NYSE:NUE) has acquired Southwest Data Products, Inc. for $115 million, launching Nucor Data Systems to serve the data center infrastructure industry. The acquisition enhances Nucor's capabilities in serving the rapidly growing data center market, with SWDP's facilities in San Bernardino, California, adding 147 employees to Nucor. This move aligns with Nucor's strategy to supply low embodied carbon steel for the green and digital economy, supported by its $7.1 billion in cash and equivalents as of December 31, 2023. NUE shares rose 1.15% to $200.19.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 4:10 pm

AIG

ALL

KBWP

PGR

A report by Insurify predicts a 6% increase in home insurance rates in 2024, following a 19.8% rise over the past two years, with the average annual premium reaching $2,522. Factors such as climate disasters and inflation are driving costs up, particularly in states like Florida and Louisiana. The Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and stocks of major insurance companies like Progressive Corp (NYSE:PGR), Allstate Corp (NYSE:ALL), and American International Group, Inc. (NYSE:AIG) have seen significant gains, with KBWP hitting record highs.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 3:57 pm

AMD

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) has seen a year-to-date return of 253.94%, outperforming Nvidia's 82.91% return. SMCI's growth is driven by high demand for AI-optimized server solutions and strategic partnerships with major AI chip producers like Nvidia and AMD. Analysts predict a further 25% to 32% upside by year-end 2024.

Portfolio Pulse from Surbhi Jain

April 01, 2024 | 3:53 pm