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STLA

China's Leapmotor has partnered with Stellantis N.V. (NYSE:STLA) to produce small electric vehicles in Poland, utilizing the semi-knocked down technique. This strategic move aims to expand into the European market and is supported by Stellantis' acquisition of a 21% stake in Leapmotor. The production will begin in the second quarter of this year at Stellantis' facility in Tychy. Additionally, Stellantis has exclusive rights to manufacture, export, and distribute Leapmotor products outside China, following regulatory approval for their joint venture.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 4:03 pm

XOM

Exxon Senior Vice President Jack Williams highlighted cost as a major drawback for sustainable aviation fuel, emphasizing efforts to minimize it. Demand for such fuel is expected to rise from 7 million barrels a day currently to 12 million barrels a day by 2050.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 4:01 pm

COIN

CRPT

FDIG

JMP analyst Devin Ryan maintained a Market Outperform rating on Coinbase Global, Inc (NASDAQ:COIN) with a $300 price target, highlighting its diverse growth from trading volumes to blockchain innovations. Coinbase's Q1 2024 spot-trading volumes saw a significant increase, and its derivatives platform and Layer 2 blockchain, Base, are rapidly growing. Partnerships, like with BlackRock, and the potential for spot Bitcoin ETFs are seen as major catalysts. Investors can also gain exposure through ETFs like CRPT and FDIG.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 3:59 pm

OKYO

OKYO Pharma Limited (NASDAQ:OKYO) announced positive results from a Phase 2 trial of OK-101 for dry eye disease, showing significant improvements in ocular pain, Tear Film Break-Up Time, and other symptoms. The results support moving to Phase 3 development. Despite these positive findings, OKYO shares dropped 10.01% to $1.58.

Portfolio Pulse from Vandana Singh

March 22, 2024 | 3:53 pm

FRSX

Foresight Autonomous Holdings' shares surged following the announcement that its subsidiary, Eye-Net Mobile, and SoftBank have successfully completed the technology validation phase for connected mobility applications in Japan. This marks a significant milestone for Foresight in expanding its technological footprint and potentially opening up new markets in Asia.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:32 pm

CGC

TLRY

Shares of Tilray Brands, Inc. (NASDAQ:TLRY) and Canopy Growth Corporation (NASDAQ:CGC) surged after Germany legalized cannabis for adult use. The legislation, effective April 1, allows possession and cultivation of cannabis. Canopy Growth hailed the move as a game-changer for medical cannabis. The stocks' rally was also influenced by VP Kamala Harris's statement last Friday, urging the DEA to reclassify marijuana as a Schedule III substance.

Portfolio Pulse from Erica Kollmann

March 22, 2024 | 3:30 pm

BAC

BSX

LRCX

UBER

XOM

Benzinga's Stock Whisper Index highlights five stocks: Uber Technologies, Boston Scientific Corporation, Exxon Mobil Corporation, Lam Research Corporation, and Bank of America Corporation. These stocks are gaining investor attention due to various factors such as Uber's expansion in Europe, Boston Scientific's FDA approvals, Exxon's strategic petroleum reserve acquisition, Lam Research's supply chain diversification, and Bank of America's potential gains from regional bank pressures. Each company is experiencing positive developments that could influence their stock prices in the short term.

Portfolio Pulse from Chris Katje

March 22, 2024 | 3:27 pm

BIOL

VXF

BIOLASE, Inc. (NASDAQ:BIOL) shares surged after reporting a smaller-than-expected Q4 FY23 EPS loss. Despite revenue slightly missing estimates, the company's outlook for FY24 is positive, with expected net revenue growth and positive adjusted EBITDA. BIOLASE's growth is attributed to increased adoption of its dental lasers and consumables. Investors can also gain exposure to BIOLASE through the Vanguard Extended Market ETF (NYSE:VXF).

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 3:13 pm

ARM

INTC

Intel and Arm have entered into a Memorandum of Understanding (MoU) to collaborate on providing intellectual property (IP) and manufacturing support for startups. This partnership focuses on the development of devices and servers built on Arm-based System on Chips (SoCs) and manufactured by Intel Foundry, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:12 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped 4% to $3.44, retracting after gains earlier in the week post the Federal Reserve's decision to maintain interest rates at 5.25-5.5%. The Fed's 2024 economic projections suggest three rate cuts, aiming for a 4.6% target by year-end, despite internal dissent. This economic optimism could boost demand for Plug Power's green energy products, potentially elevating its stock as investor confidence in growth-oriented sectors like Plug Power increases.

Portfolio Pulse from Henry Khederian

March 22, 2024 | 3:11 pm