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LUNR

Intuitive Machines' stock (LUNR) surged about 30% in early trading as its IM-1 mission, carrying 12 payloads including six for NASA under a $118 million contract, approaches a moon landing attempt. The mission, launched on a SpaceX rocket, has completed several key milestones, with the lander 'Odysseus' preparing for lunar orbit insertion. This marks the company's first moon mission and represents the second under NASA's Commercial Lunar Payload Services initiative.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:20 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares surged over 170% after announcing a new patent grant from the United States Patent and Trademark Office for its FORCEGH+ facilities, a proprietary cultivation facility design. This design aims to provide a sustainable environment for growing high-quality crops in extreme macroclimates, meeting GMP standards. The patent, number 11,895,958, enhances the company's IP portfolio, focusing on maximizing crop yields without the need for pesticides, fungicides, and herbicides. Despite the recent surge, AGRI shares have experienced a significant decline over the past year, attributed to a 'massive erosion' of the macro business environment as noted by CFO and interim CEO Richard Wong. The company is actively seeking new investors and plans to participate in investor conferences in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 3:13 pm

TDY

Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated, has secured a contract to supply the Canadian government with over 800 drones, valued at CAD$95 million, for use by Ukraine. This donation complements the unmanned systems and counter-drone technology that Ukraine forces are currently utilizing.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:11 pm

ETHUSD

Ethereum (ETH) has surged past $3,000, marking its first breach of this level since April 2022, with a 4% increase in the last 24 hours and a 30% rise since the start of 2024. This growth outpaces Bitcoin's 22% increase over the same period. The surge is attributed to anticipation around the U.S. SEC's potential approval of a spot Ethereum ETF and the upcoming Dencun upgrade, including EIP-4844, which aims to enhance transaction scalability and reduce fees. Market predictions indicate a 45% chance of the SEC approving a spot Ethereum ETF by May 31, with brokerage firm Bernstein estimating a 50% chance by May and a near-certain approval within the next 12 months.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 3:04 pm

NYT

The New York Times (NYT) is developing a generative AI (GenAI) ad-targeting tool, set to debut in the second half of the year. This tool, created internally, aims to optimize ad placements based on campaign objectives and target niche audiences. The NYT is currently recruiting advertising partners for a closed beta test starting next quarter. The tool leverages large language models (LLMs) and is part of the NYT's broader investment in GenAI technology, despite its lawsuit against OpenAI and Microsoft for copyright infringement.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:55 pm

COF

DFS

The Nasdaq Composite fell by 1% as Capital One Financial Corp announced plans to acquire Discover Financial Services in a $35.3 billion all-stock deal. Other notable movements included Monopar Therapeutics surging 258% after receiving trial clearance, AgriFORCE Growing Systems jumping 181% on a patent grant, and TRxADE HEALTH gaining 134% after selling assets. Conversely, RAPT Therapeutics dropped 65%, MicroCloud Hologram fell 42%, and Nano-X Imaging declined 28%.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 2:54 pm

EVLV

Evolv Technology defends its security technology against short seller accusations, emphasizing its commitment to safety and the effectiveness of its Evolv Express solution. The company refutes claims about its testing, weapon detection capabilities, and customer satisfaction, citing extensive third-party testing, successful weapon detections, and high throughput rates. Evolv highlights its technology's real-world performance and the trust placed in it by security professionals and customers across various industries.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:52 pm

ALGT

Allegiant Travel Company (ALGT) has announced a partnership with Berry Aviation to launch the Allegiant Incentive program, aimed at enhancing its pilot recruitment pipeline. This collaboration will provide Allegiant with access to a pool of experienced pilots trained by Berry, supporting the airline's growth by ensuring a steady influx of qualified pilots. The program includes benefits such as training, mentorship, and participation in Allegiant events for pilots meeting specific criteria.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:49 pm

AAPL

SSNLF

Apple Inc. (AAPL) outperformed Samsung Electronics (SSNLF) in 2023, taking the lead in hardware reliability according to Jason Snell's annual report. The report praised Apple's Mac, MacBook Air, and Mac Pro improvements, the introduction of ProMotion display, and the new 5x optical zoom camera. However, it highlighted dissatisfaction with the iPhone 15 Pro and the new FineWoven iPhone cases. Apple's software updates and the launch of carbon-neutral products were also noted. Despite a global smartphone market slump, the iPhone 15 achieved record sales.

Portfolio Pulse from Rounak Jain

February 20, 2024 | 2:34 pm

VZIO

WMT

VIZIO Holding Corp (VZIO) shares surged in premarket trading after announcing its acquisition by Walmart Inc (WMT) for $11.50 per share, valuing the company at approximately $2.3 billion. The deal, approved by VIZIO's Board, allows VIZIO to seek a superior offer within 45 days. Walmart anticipates the acquisition to be slightly dilutive to EPS in the short term but aims to enhance its smart TV and advertising capabilities through VIZIO's SmartCast OS.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 2:29 pm