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UAL

United Airlines has announced that it continues to operate some of its planned flights by switching to other aircraft types, ensuring ongoing service despite potential disruptions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:14 pm

UAL

United Airlines has announced the cancellation of 167 Max 9 flights today and anticipates significant cancellations on Thursday as well. The company is awaiting final approval on the full inspection process.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:13 pm

MGNI

Tennis Australia has chosen Magnite, a leading provider of programmatic advertising, to manage its advertising efforts. They have implemented Magnite's Demand Manager to streamline and optimize their ad placements.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has launched the updated Model 3 Highland in North America, featuring a series of upgrades while retaining its original pricing. The Long Range trim now offers a 2.4% higher range of 341 miles, and the vehicle has seen a reduction in weight, an 8% increase in efficiency, and significant noise reduction. The interior and exterior have been redesigned with premium materials, new wheel designs, and improved lighting, aiming to reinforce Tesla's market leadership in electric vehicles.

Portfolio Pulse from Benzinga EV Insights

January 10, 2024 | 7:40 pm

CANSF

GTBIF

TCNNF

VFF

Willow Biosciences Inc. (OTCQB:CANSF) reported a 60% revenue increase in 2023, driven by its synthetic biology techniques and the launch of its BioOxi bio-oxidation platform technology. The company engaged in multiple partnerships, including with Kalsec and an undisclosed Nasdaq-listed biopharmaceutical company, and underwent corporate restructuring. For 2024, Willow Biosciences aims to achieve over 100% increase in R&D revenues, sign commercial agreements, and advance its core technology platform. The article also mentions cannabis stocks, including Green Thumb Industries Inc. (OTCQX:GTBIF), Trulieve Cannabis Corp. (OTCQX:TCNNF), and Village Farms International, Inc. (NASDAQ:VFF), as having potential for growth.

Portfolio Pulse from Jelena Martinovic

January 10, 2024 | 7:38 pm

FBTC

Cboe has announced a new issue notification for the Fidelity Wise Origin Bitcoin Fund, which will trade under the ticker symbol 'FBTC' with CUSIP 315948109. The first date of trading is scheduled for Thursday, January 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:35 pm

ARKB

Cboe has announced the new issue notification for the ARK 21Shares Bitcoin ETF, which will begin trading on Thursday, January 11, 2024. The ETF will trade under the ticker symbol 'ARKB' and has been assigned CUSIP 040919102.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:17 pm

ACRS

AEHR

AMRN

CMND

DCGO

KITT

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Communication services shares rose by 1.1%, while energy shares fell by 1.3%. U.S. wholesale inventories declined by 0.2% in November. Clearmind Medicine Inc. (CMND) shares surged 44% after an FDA meeting. Amarin Corporation plc (AMRN) shares jumped 28% on Q4 results and a share repurchase program. Nauticus Robotics, Inc. (KITT) gained 87% after securing funding and appointing a new interim CEO. DocGo Inc. (DCGO) shares fell 35% following a negative report by Fuzzy Panda Research. Aclaris Therapeutics, Inc. (ACRS) shares dropped 24% after a Phase 2B study failed to meet the primary efficacy endpoint. Aehr Test Systems (AEHR) fell 15% after lowering its full-year revenue guidance. Crude oil fell 1.1% to $71.46, and gold slightly declined.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 7:16 pm

BMWYY

BMW AG (OTC:BMWYY) announced a €650 million investment to transform its Munich plant into an e-mobility hub by the end of 2027, marking the end of combustion engine vehicles production at the site since 1952. The plant will feature a new vehicle assembly line and body shop. Currently, half of the vehicles produced there are all-electric. Engine manufacturing has moved to Great Britain and Austria. The company has also trained 1,200 employees for new production strategies or relocated them within the production network. BMWYY shares dropped by 0.39% to $36.58.

Portfolio Pulse from Shivani Kumaresan

January 10, 2024 | 7:09 pm

VRNS

Analysts have updated their ratings and price targets for Varonis Systems (NASDAQ:VRNS), with a mix of 6 somewhat bullish and 5 indifferent ratings over the last quarter. The average 12-month price target has been raised to $41.36, up 16.05% from the previous $35.64, with a high estimate of $52.00 and a low of $35.00. Notable analysts from firms like Citigroup, JP Morgan, RBC Capital, Morgan Stanley, Stephens & Co., Wedbush, and Barclays have raised their price targets. Varonis Systems specializes in cybersecurity and is transitioning to cloud-based services. However, the company faces challenges with a revenue decline of -0.81% over 3 months, a net margin of -18.82%, and ROE and ROA below industry averages.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:01 pm