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META

XLC

Meta Platforms Inc (NASDAQ:META) introduces a 'Recent' filter on Threads for sorting search results by the most recent posts, aiming to enhance the user search experience. This feature is currently in a limited test phase. Despite the potential benefits, concerns over safety loopholes have been expressed. Additionally, Meta faces regulatory challenges in Turkey and the EU, impacting Threads' availability. Meta's stock has seen a 129% increase over the last 12 months, with exposure available through XLC and FCOM ETFs. META shares are currently trading lower by 0.39% at $498.30 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 10:58 am

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares surged in premarket trading after reporting Q4 FY23 results. Despite sales declining to $10.4 million from $20.2 million and missing consensus estimates, the company saw an improvement in adjusted EBITDA and reported a net income of $3.0 million, contrasting with a net loss of $(32.5) million a year ago. EPS was $0.05, beating the consensus estimate of $(0.20). The company is optimistic about 2024, citing advancements in battery cell production and market expansions. Dragonfly forecasts Q1 revenue between $12.0 million and $13.0 million, with an EPS of $(0.13) to $(0.17), and highlights potential growth in the RV and heavy-duty trucking markets.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 10:55 am

APPN

TIXT

TELUS International (TIXT) and Appian (APPN) have expanded their strategic partnership to simplify complex business processes using Appian's low-code automation platform. This collaboration aims to enhance operational efficiencies and innovation for businesses by leveraging TELUS International's expertise in digital transformation and Appian's advanced low-code technology.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:49 am

GMAB

Genmab announced that DARZALEX, its flagship product, achieved net sales of $2.692 billion in Q1. This performance is a critical indicator of the company's financial health and its product's market acceptance.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:42 am

TRMB

Swedish forestry giant Holmen has chosen Trimble's Connected Forest Management System to enhance its forestry operations, aiming to become more data-driven. This partnership underscores the growing importance of technology in the forestry sector.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:33 am

LLAP

Terran Orbital announced the successful deployment of its Tyvak International Centauri-6 satellite into orbit. This marks a significant achievement for the company, showcasing its capabilities in satellite technology and deployment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:31 am

SCKT

Socket Mobile has introduced SocketCam C860, the latest addition to its SocketCam product line, designed to transform mobile devices into powerful scanning solutions. This new version is specifically engineered to read damaged and hard-to-read barcodes under various conditions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:07 am

TGT

Target has announced an exclusive partnership with the tennis brand Prince to launch a pickleball collection. This collaboration aims to capitalize on the growing popularity of pickleball, offering a range of products designed for the sport. The collection will be available exclusively at Target stores and on their website, potentially attracting a new customer base and enhancing Target's reputation in the sports and leisure market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:05 am

DKS

DICK'S Sporting Goods and SidelineSwap have announced an expansion of their resale partnership into 2024, aiming to enhance their offerings in the sports equipment resale market. This move is expected to broaden DICK'S Sporting Goods' customer base and strengthen its position in the growing resale market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:04 am

WFC

TradeSun, a company specializing in trade finance and compliance digitization solutions, has signed an agreement with Wells Fargo (WFC) to implement its technology. This partnership aims to enhance the efficiency and security of Wells Fargo's trade finance operations.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 10:03 am