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MRNA

Moderna Inc (NASDAQ:MRNA) shares increased after the company presented updates at the JPMorgan Healthcare Conference. Moderna announced progress in its pipeline, with 45 programs and nine in late-stage development. The company is preparing to launch its RSV vaccine and anticipates sales growth in 2025. Moderna reported $6.7 billion in Covid-19 vaccine sales for 2023 and expects $4 billion in sales in 2024. The company has $13 billion in cash and investments and plans to break even in 2026. Upcoming events include financial results on Feb. 22, Vaccines Day on March 27, and R&D Day on Sept. 12. MRNA shares rose 4.19% to $115.76.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 8:53 pm

NKTX

Nkarta, Inc. (NASDAQ:NKTX) stock has surged over 270% in the past month, with an 80.2% increase on the day of reporting. The spike follows an SEC filing where Nkarta updated its corporate presentation with business and strategic updates. The company specializes in developing engineered natural killer (NK) cells for cancer treatment. The trading volume has significantly exceeded the average, with over 41.3 million shares traded compared to the 100-day average of 2.83 million. The stock is also trading above its 50-day moving average, and a high short interest of 17.7% may be contributing to the price movement.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 8:51 pm

MBLY

Mobileye Global Inc. (NASDAQ:MBLY) shares rose on Monday after announcing production design wins from a major Western automaker for automated driving solutions in 17 vehicle models. The technology will be featured in both internal combustion and electric vehicles, with a rollout expected in 2026. Mobileye's CEO highlighted the milestone in automated driving development. Despite a tough previous week and a sell-off after preliminary 2023 financial results and 2024 guidance, the stock was up 2.95% at $31.39. Raymond James analyst Brian Gesuale maintained an Outperform rating but lowered the price target from $48 to $40.

Portfolio Pulse from Ryan Gustafson

January 08, 2024 | 8:48 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a decline of over 10% in the past week amid reduced transaction activity and burn rates. The Shib team is encouraging investors to purchase Shibarium NFTs to increase transactions. A new whale withdrew 546 million SHIB from Binance, and the burn rate has decreased by 91.2% in the last 24 hours. Despite the weekly drop, SHIB is up 1.9% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

January 08, 2024 | 8:22 pm

MRNA

Moderna's stock price has increased following the company's presentation at the J.P. Morgan Healthcare Conference, where they reaffirmed their expected product sales of around $4 billion for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:13 pm

AMD

LSCC

MCHP

MPWR

MRVL

NVDA

QCOM

TXN

Rosenblatt analyst Kevin Cassidy reports that semiconductor supply in the automotive industry has caught up with demand, leading to a slowdown in demand due to shorter lead times, increasing inventory, higher interest rates, and rising prices. Companies like Qualcomm, Nvidia, and AMD are set to play significant roles in AI and automotive sectors. Qualcomm is noted for its leadership in virtual reality SoCs, while Nvidia and AMD are expected to showcase their new technologies at CES. The analyst also mentions potential downside risks for companies like Lattice Semiconductor, Microchip Technology, Monolithic Power Systems, and Texas Instruments due to weak industrial and automotive segments. However, AI momentum and other segments could offset these risks. The ARM architecture is gaining traction, with companies like Apple already adopting ARM CPUs and others expected to follow. Nvidia's Jensen Huang is anticipated to highlight autonomous vehicles and robotics at CES. Micron Technology is expected to be bullish on memory cycle and AI content trends, while Marvell Technology is expected to ramp up AI-centered custom ASICs and networking AI adjacencies.

Portfolio Pulse from Anusuya Lahiri

January 08, 2024 | 8:05 pm

FLNG

Flex LNG Ltd. (FLNG) has been informed that the charterer of Flex Constellation will not extend their charter option. The ship was on a three-year Time Charter since May 17, 2021, with an extension option of up to three years. Flex LNG expects to take redelivery of the ship in Q2 2024. The current charter rate is $80,000 per day, but market rates for new charters are quoted at $90-100,000 per day. The company plans to market the ship for new opportunities after a special survey, highlighting its environmentally friendly features in line with the Global Methane Pledge.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:02 pm

OSK

Analysts have mixed opinions on Oshkosh (NYSE:OSK), with recent ratings ranging from bullish to bearish. The average 12-month price target is $112.6, with a high of $122 and a low of $102. Analysts from Morgan Stanley, Stifel, Evercore ISI Group, JP Morgan, and Citigroup have updated their ratings and price targets. Oshkosh is a leading producer of access equipment, specialty vehicles, and military trucks, with a focus on the electrification of U.S. postal vehicles. The company's financial performance shows strong revenue growth and net margin, but a lower ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 8:01 pm

AAPL

Apple Inc. has announced that its new Vision Pro headset will be available in the US starting February 2, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:53 pm

ALK

SPR

The NTSB has recovered the door plug from Alaska Airlines Flight 1282, a Boeing 737-9 MAX, and is examining it before sending it to their materials lab in Washington, DC for further analysis.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:38 pm