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AEHR

Aehr Test Systems (NASDAQ:AEHR) shares dropped by 15% in pre-market trading due to the company's revised full-year revenue guidance, citing expected delays in new orders. Other stocks also experienced significant movements in pre-market trading, with various companies such as Exicure, Inc. (NASDAQ:XCUR) and iCoreConnect Inc. (NASDAQ:ICCT) seeing gains due to specific catalysts like patent grants and strategic acquisitions, respectively.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:03 pm

AMGN

XERS

Xeris Biopharma has signed an exclusive worldwide license agreement with Amgen for the Xeriject formulation of teprotumumab, used for treating Thyroid Eye Disease. Xeris could receive up to $75M in development and regulatory milestones.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:03 pm

ARBK

AYX

Three tech stocks, Argo Blockchain plc (ARBK), NextNav Inc. (NN), and Alteryx, Inc. (AYX), are showing signs of being overbought according to their Relative Strength Index (RSI) values. ARBK recently raised $9.9 million and its stock surged 58% over the past month, with an RSI of 70.53. NN appointed a new CEO and saw a 14% stock increase over five days, with an RSI of 71.11. AYX, set to be acquired by private equity firms, rose 6% over the past month, with an RSI of 73.58.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:54 pm

XPEV

XPeng Aeroht, the flying car subsidiary of XPeng Inc (NYSE:XPEV), showcased its flying supercar concept at CES 2024. The vehicle features a design that allows for both driving and flying, with manipulator arms and rotor systems that can be folded into the car. XPeng Aeroht also updated on its modular flying car, the 'Land Aircraft Carrier,' which has separate aerial and ground modules. Pre-orders in China will start in Q4 this year, and mass production is expected in 2025 with a price around one million yuan ($140,764).

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 12:49 pm

GOOG

GOOGL

SPOT

SSNLF

At CES 2024, Google, a subsidiary of Alphabet Inc., introduced new Android features enhancing connectivity and interoperability with devices like Chromebooks, TVs, and electric vehicles. Key updates include improved Quick Share and Fast Pair features, new casting capabilities for TikTok, Spotify, and YouTube Music, and Android Auto upgrades for EVs, including real-time battery information integration with Google Maps for Ford's Mustang Mach-E and F-150 Lightning.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 12:43 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 27,500% increase in its token burn rate, with 9 billion SHIB tokens removed from circulation. Shibburn reported two entities transferred 9.5 billion and 30 million SHIB to a 'dead wallet'. IntoTheBlock noted a 1,300% rise in large SHIB transactions by whales. Shiba Inu's lead developer announced plans to apply for the .shib TLD to expand its domain use. SHIB's price is slightly down by 1.16% at $0.0000094.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 12:38 pm

PAR

PAR Technology has introduced the PAR Wave POS Terminal, a new touch panel designed to align with Environmental, Social, and Governance (ESG) strategies. This product positions PAR as a leader in innovative hardware that caters to brands aiming for operational excellence and sustainability.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:36 pm

COIN

ISRG

JNPR

KBH

NVDA

QQQ

SPY

TSLA

US stocks are poised for a mixed open as traders await the SEC's decision on a spot Bitcoin ETF, which could influence crypto and related stocks. The market is also anticipating Thursday's inflation data. On Tuesday, stocks mostly closed lower, with the Dow, S&P 500, and Russell 2000 down, while the Nasdaq Composite ended slightly higher. Analyst Ryan Detrick remains bullish for 2024 but expects early 2023 weakness. In premarket trading, SPY and QQQ rose, while TSLA, NVDA, and ISRG saw gains, and COIN and JNPR experienced movements tied to specific news. KBH is set to report earnings after market close.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 12:36 pm

OGN

Organon has announced the availability of Xaciato (Clindamycin Phosphate) Vaginal Gel 2% by prescription for the treatment of bacterial vaginosis in females aged 12 and above.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:34 pm

DKNG

DraftKings is set to launch its highly-rated online sportsbook in Vermont on January 11, expanding its market presence and potentially increasing its user base and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:33 pm