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U.S. stocks are expected to continue their upward trend as the market reopens after the Juneteenth holiday. Tech stocks, particularly Nvidia, have shown strong performance, but analysts caution about potential seasonal weakness later in June. Key economic data, including jobless claims and housing starts, will be closely watched. Nvidia, Super Micro Computer, and several other companies are in focus due to recent developments and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

June 20, 2024 | 11:25 am

SABS

SAB Biotherapeutics (NASDAQ:SABS) has rebranded as SAB BIO to align with its focus on developing therapies for type 1 diabetes. The rebrand includes a new name, logo, and website updates. The company will present at the American Diabetes Association 84th Scientific Sessions in June 2024 and has confirmed its fiscal year 2024 outlook and upcoming milestones, including a topline data readout from its Phase 1 study of SAB-142.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:24 am

AUGX

Augmedix announced that Emergency Services, a physician-owned emergency medicine services group in Columbus, Ohio, is introducing Augmedix Go ED to physicians in the emergency department at the second-largest healthcare system in Central Ohio. Augmedix Go ED is a fully automated, generative AI-powered medical documentation product for emergency departments nationwide.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:19 am

CSIQ

Canadian Solar has entered into a partnership agreement with Lifestyle Solar to provide solar and energy storage solutions to homebuilders in California.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:17 am

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WOLF

Wolfspeed Inc (NYSE:WOLF) has postponed its $3 billion plant in Germany due to weak EV markets and is focusing on ramping up production in New York. The delay, coupled with disappointing Q3 revenue results, has led analysts to lower their price targets. The stock has fallen 50% over the past year.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 11:17 am

DFLI

Dragonfly Energy Holdings announced the expansion of its Wakespeed product line with two new additions: the Wakespeed 500 Pro Bluetooth Alternator Regulator (ws500 Pro) and the Wakespeed 48v/12v Bi-directional DC-DC Converter.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:16 am

TRVN

Trevena's preclinical data on TRV045 reveals a novel mechanism for analgesic effects in chronic neuropathic pain and significant anti-seizure activity in epilepsy models.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:15 am

ARQQ

Arqit Quantum has announced the full commercial launch of a new feature for its Symmetric Key Agreement Platform, called the 'Encryption Intelligence' service.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:15 am

GXO

GXO Logistics announced an early-stage proof-of-concept program in partnership with robot manufacturer Apptronik.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:14 am

MNMD

MindMed has completed an end-of-phase 2 meeting with the FDA and reached alignment on the Phase 3 development strategy for MM120 in treating Generalized Anxiety Disorder (GAD). The company plans to initiate the Phase 3 clinical program in the second half of this year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:13 am