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SASI

Sigma Additive Solutions has been granted U.S. Patent #11858207, which covers defect detection technology for additive manufacturing systems. This patent strengthens Sigma's intellectual property portfolio and enhances its position in the additive manufacturing industry, potentially leading to increased market share and revenue through licensing or enhanced product offerings.

Portfolio Pulse from Charles Gross

January 02, 2024 | 3:48 pm

MRNA

Moderna Inc (NASDAQ:MRNA) shares rose after Oppenheimer analyst Hartaj Singh upgraded the stock from Perform to Outperform with a price target of $142. The upgrade follows Moderna's shareholder letter detailing plans for new product launches, clinical trials, and a focus on profitability by 2024-2025. CEO Stéphane Bancel outlined the company's aim to launch up to 15 new products in the next five years and expects to break even in 2026.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 3:44 pm

SNES

SenesTech shares have risen following the announcement of an expanded distribution agreement with Pesterminators, which now includes the deployment of Evolve and an extension of territory into the UAE.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:43 pm

PATH

UiPath Inc (NYSE:PATH) shares soared over 100% in 2023. William Blair analyst Jake Roberge initiated coverage with an Outperform rating, citing the company's strong retention rate, expansion into new markets like generative AI, and a significant total addressable market. Despite a recent 3.8% drop in share price, the company's outlook remains positive with expected efficiency gains and a $1.3 billion ARR.

Portfolio Pulse from Priya Nigam

January 02, 2024 | 3:41 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower despite the company announcing the delivery of 50 additional Class 1 EV cargo vans to Randy Marion Automotive Group, invoiced for $1.681 million. This follows a previous delivery of 50 vans for $1.680 million, totaling 100 vans delivered for $3.36 million. Mullen aims to deliver 285 Class 1 vehicles by January 8, 2024, and is ramping up production for 2024 demands. The company also completed the development of its solid-state polymer cell to pack integration for the vans and plans to begin road testing in early 2024. Additionally, Mullen announced a 1-for-100 reverse stock split effective December 21, 2023. MULN shares are down 8.05% to $13.14.

Portfolio Pulse from Nabaparna Bhattacharya

January 02, 2024 | 3:41 pm

BA

Akasa Air, an Indian budget carrier, is reportedly close to finalizing an order for approximately 150 Boeing 737 MAX narrowbody planes. This deal, expected to be announced at Wings India, would add to Akasa's existing order of 76 Boeing planes. The order aims to support Akasa's domestic and international expansion plans. Boeing (BA.N), which has not responded to queries, could see a positive impact as this order would help it gain ground in the competitive Indian aviation market.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 3:39 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares dropped approximately 10% following its Q4 and FY23 vehicle production and delivery report. The company produced 17,541 vehicles and delivered 13,972 in Q4, falling short of Q3's 15,564 deliveries and analysts' expectations of 14,430. However, Rivian exceeded its full-year production guidance with 57,232 vehicles produced and 50,122 delivered in 2023. The Q4 results will be announced on February 21. The decline in Rivian's shares comes amidst strong delivery numbers from U.S.-listed Chinese EV makers.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 3:27 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

Market Clubhouse Morning Memo provides daily trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, META, and NVDA based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets for bulls and bears and advises traders to monitor these stocks closely for breakouts or reversals. The article also mentions light data releases for the day and promotes Market Clubhouse's membership and live trading streams.

Portfolio Pulse from RIPS

January 02, 2024 | 3:15 pm

ETHUSD

Ethereum co-founder Vitalik Buterin has outlined six key strategies for 2024 to improve the Ethereum network, including Single Slot Finality (SSF) for faster and more secure transactions, and measures to combat economic centralization in Proof-of-Stake (PoS). These improvements aim to enhance security, efficiency, and maintain decentralization, which could positively impact Ethereum's adoption and price. However, the exact effect on Ethereum's price is speculative and subject to market dynamics.

Portfolio Pulse from Murtuza Merchant

January 02, 2024 | 3:11 pm

SNGX

Soligenix Inc (NASDAQ:SNGX) stock surged after announcing a publication on the preclinical efficacy of its novel bivalent vaccine, which showed 100% protection against SUDV and MARV infections. The vaccine is stable at high temperatures and there are currently no approved vaccines or therapeutics for these infections. The company's IND application for SGX945 was also cleared by the FDA for a Phase 2a clinical trial. SNGX shares rose 33.20% to $1.01.

Portfolio Pulse from Vandana Singh

January 02, 2024 | 3:05 pm