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NOC

Northrop Grumman successfully conducted a static test of its new SMART Demo solid rocket motor innovations at the Promontory, Utah test area.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:09 pm

RBLX

Roblox Corp (NYSE:RBLX) stock is experiencing an uptick due to reports of Nicki Minaj joining the platform for her new album release. A placeholder on Roblox hints at a potential game or event for 'Pink Friday 2'. Roblox's Q3 FY23 financials showed strong growth, with Bookings up 20% Y/Y and revenue up 38% Y/Y. DAUs and monthly unique payers also saw significant increases. The stock has risen over 46% YTD.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 2:58 pm

BTCUSD

Custodia Bank CEO Caitlin Long anticipates a bull market in 2024, especially with the upcoming Bitcoin halving. She highlights the launch of Custodia's Bitcoin custody service for institutions and warns of fraud in the crypto sector, referencing the legal issues faced by FTX's Sam Bankman-Fried and Binance's Changpeng Zhao. Long advocates for better U.S. crypto regulations and has contributed to Wyoming's pro-blockchain legislation, positioning the state as a blockchain hub.

Portfolio Pulse from Anthony Noto

December 08, 2023 | 2:56 pm

SHEL

Shell PLC (NYSE:SHEL) is reportedly considering a $5 billion investment in Nigeria's offshore Bonga North oil project and an additional $1 billion investment over the next 5-10 years to boost natural gas production. The investments were discussed during a meeting between Nigerian President Bola Tinubu and Shell's director of gas and upstream operations, Zoe Yujnovich. Nigeria's offshore production has seen recent improvements, leading to increased output. Shell's stock (SHEL) saw a 0.6% increase to $63.66.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 2:43 pm

MSFT

VRSSF

A former Microsoft product leader has joined VERSES to assist in launching their AI Developer Platform. This move could signal VERSES' commitment to advancing its AI technology and expanding its market presence.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:42 pm

RBLX

Roblox shares are experiencing an uptick following reports on social media that popular artist Nicki Minaj has joined the platform.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:14 pm

GOOG

GOOGL

Alphabet Inc.'s Google has resolved a Google Drive bug that deleted several months of user data with a new update. Users can attempt to recover their files using two methods provided by Google. The first method involves using the Google Drive for desktop app's recovery feature, while the second method requires using command line instructions for Windows or macOS. However, there is no guarantee that all users will be able to recover their lost data.

Portfolio Pulse from Rounak Jain

December 08, 2023 | 2:13 pm

AAPL

CSCO

DELL

GOOG

NOK

Cyclone Michaung has disrupted manufacturing operations in Chennai, affecting suppliers to major tech companies like Apple, Dell, and Nokia. While most companies have resumed production, the cyclone's impact could have short-term implications for these companies' supply chains. Apple's suppliers Foxconn, Salcomp, Luxshare, and Pegatron, as well as Dell, Nokia, and Cisco, which have significant operations in the area, are particularly noteworthy. Google's expansion plans with Alphabet CEO Sundar Pichai's discussions and partnership with HP for Chromebook manufacturing in India are also highlighted.

Portfolio Pulse from Surbhi Jain

December 08, 2023 | 2:00 pm

ACB

CGC

CRON

GNLN

OGI

TLLTF

TLRY

VFF

The report by Zuanic & Associates on the Canadian cannabis market shows regional disparities and growth trends, with a 16% YoY growth in nationwide sales. Alberta leads in store density and per capita spending, while Quebec has the lowest. The market is affected by high excise taxes, product caps, and marketing restrictions. Organigram, Village Farms International, Cronos, and others saw varying growth rates across provinces, while companies like Canopy and Tilray experienced declines. The upcoming Vape Market Trends panel will feature CEOs from TILT Holdings and Greenlane Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

December 08, 2023 | 1:52 pm

MSTR

Bitcoin's price surge in 2023 has prompted MicroStrategy Inc (NASDAQ:MSTR) to purchase an additional 16,130 BTC, bringing its total holdings to 174,530 BTC. MicroStrategy's chairman, Michael Saylor, conducted a Twitter poll to gauge at what price Bitcoin holders would consider selling. The poll showed that 36.3% of respondents would sell at $1 million or never. Analysts see potential catalysts for Bitcoin, including the approval of Bitcoin ETFs and the upcoming halving event in 2024. Ark Funds CEO Cathie Wood has a price target of $1 million for Bitcoin. MicroStrategy's stock has risen over 290% year-to-date in 2023.

Portfolio Pulse from Chris Katje

December 08, 2023 | 1:51 pm