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AEHR

Aehr Test Systems has observed a negative impact on the timing of customer orders and capacity increases for silicon carbide devices used in electric vehicles due to the slowing growth rate of the EV market in the last sixty days.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:08 pm

AA

HYMC

ZKIN

Alcoa Corporation plans to curtail production at its Kwinana Alumina Refinery, reducing its workforce, expecting $70 million in annual improvements but incurring $180-$200 million in restructuring charges. Hycroft Mining announced high-grade silver findings at the Hycroft Mine, with two new silver trends identified. ZK International is expanding into Southeast Asia and the Middle East to meet demand for sustainable infrastructure.

Portfolio Pulse from Austin DeNoce

January 09, 2024 | 9:06 pm

XCUR

Exicure has been granted a broad U.S. patent (#11866700) for its technology involving liposomal nucleic acid constructs that present antisense oligonucleotides for the knockdown of interleukin 17 mRNA. This technology has potential applications in treating inflammation associated with cancer, obesity, diabetes, and Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:02 pm

ALK

BA

Alaska Air has cancelled approximately 109 flights scheduled for Wednesday due to the grounding of the Boeing 737-9 MAX aircraft, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:56 pm

CRON

Cronos Group Inc. (CRON) has begun expanding into the Australian market by shipping its first batch of cannabis flower to Vitura Health Limited, in which it owns approximately 10% of common shares. The Australian market for medical cannabis has seen significant growth, with patient approvals more than doubling in the first half of 2023 compared to the same period in 2022. A bill in New South Wales could further increase cannabis use by allowing cultivation for personal use. The article also mentions potential investment opportunities in cannabis stocks, highlighting gains in other cannabis companies.

Portfolio Pulse from Jelena Martinovic

January 09, 2024 | 8:52 pm

AMZN

META

PINS

SNAP

BMO Capital analyst Brian Pitz initiated coverage on Meta Platforms Inc (META) with a Market Perform rating and a price target of $397, citing growth headwinds. He recommended holding but not adding new funds to META. Pitz also started coverage on Pinterest Inc (PINS) with an Outperform rating and a price target of $45, highlighting monetization potential and user engagement. Snap Inc (SNAP) also received an Outperform rating with a price target of $22, with a focus on its AR capabilities and privacy. Amazon.com Inc (AMZN) was mentioned in relation to Pinterest's monetization strategies. META shares were slightly down, PINS shares were up, and SNAP shares were slightly down in recent trading.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 8:37 pm

CCOEY

Capcom ADR's (OTC:CCOEY) 'Resident Evil 4' remake is available at a 50% discount for a limited time, priced at $30 instead of $59.99. The game, which is available on PS5, PS4, and Xbox platforms, features enhanced visuals, new story elements, and modern gameplay experiences. The remake uses Capcom's RE Engine and has been praised for aligning with contemporary survival horror standards while remaining true to the original story.

Portfolio Pulse from Franca Quarneti

January 09, 2024 | 8:26 pm

BA

Boeing is updating its inspection plans for the 737 Max 9 aircraft in response to feedback and requirements from the FAA and airlines, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:23 pm

F

GM

HMC

STLA

TM

VWAGY

At the Consumer Electronics Show, Volkswagen (OTC:VWAGY) introduced a GPT-powered voice assistant for vehicles, while Kodiak Robotics unveiled a semi-truck with advanced safety technology, aiming for deployment in 2024. Hyundai showcased its EV range and eVTOL aircraft. Major automakers like Ford (NYSE:F), General Motors (NYSE:GM), Stellantis (NYSE:STLA), and Toyota (NYSE:TM) were absent, but Honda (NYSE:HMC) debuted its new global electric vehicle series.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 8:21 pm

HOTH

Hoth Therapeutics has filed a patent application with the USPTO for a new therapeutic aimed at weight loss and mitigating side effects of existing obesity treatments. The patent covers the use of medications that may include an anticonvulsant, an opioid antagonist, GLP-1 receptor agonist, and/or NRI. Obesity, a significant health issue, often requires medication that can lead to adverse side effects, which Hoth's therapy aims to address.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 8:05 pm