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FTEK

Fuel Tech has secured $2.1M in air pollution control orders, including two from new European customers for SCR technology, and contracts from existing customers in the Caribbean and the US for FUEL CHEM equipment and SNCR system upgrades, respectively. Deliveries are scheduled between Q2 2024 and Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:26 pm

MBIO

Mustang Bio reported a FY23 EPS of $(6.00), an improvement from $(10.09) YoY, alongside a significant decrease in cash and cash equivalents from $76.7 million to $7.0 million. The company made a $30.4 million payment to terminate existing debt and sold assets to uBriGene for $6 million upfront with a potential additional $5 million contingent payment. Research and development expenses decreased to $40.5 million from $62.5 million in 2022. Mustang Bio's lead clinical candidate, MB-106, showed a 100% overall response rate in Phase 1/2 clinical trials for certain hematologic malignancies. The FDA granted Orphan Drug Designation to MB-106 for WM treatment. Additionally, Mustang announced the FDA's acceptance of an IND for a Phase 1 trial of MB-109 for recurrent GBM and high-grade astrocytoma.

Portfolio Pulse from Happy Mohamed

March 11, 2024 | 8:24 pm

ORCL

Oracle Corp (ORCL) reported its fiscal third-quarter results, revealing a 7% year-over-year revenue increase to $13.3 billion, slightly missing estimates. Earnings per share were $1.41, surpassing expectations. The company saw significant growth in its cloud infrastructure and applications segments, with cloud infrastructure revenues up 49%. Oracle's CEO highlighted strong demand for its Gen2 AI infrastructure, expecting hypergrowth to continue. A quarterly dividend of $0.40 per share was announced. Post-earnings, ORCL shares rose 6.58% in after-hours trading.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 8:17 pm

CVGW

Calavo Growers anticipates a strong rebound in earnings for Q2 and FY24 due to better avocado margins, enhanced tomato performance, and the ramp-up of the California avocado season.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:13 pm

CVGW

Calavo Growers reported that its Q1 results were impacted by temporary market dynamics within the avocado business, especially for smaller sized fruit. However, the company noted improvements in conditions during February and March.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:12 pm

KRMD

KORU Medical Systems has announced a feasibility study to explore entering ambulatory infusion settings with a commercialized biologic. This move could potentially expand KORU's market presence and product offerings in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:11 pm

IVV

SPY

VOO

Bank of America analysts have raised the S&P 500's one-year price target from 5000 to 5400, expecting a 13% yield in the next 12 months despite concerns of a potential market bubble. Analyst Savita Subramanian argues that current market conditions resemble those of the mid-90s rather than a bubble, citing neutral U.S. equity sentiment and the nascent state of tech subsectors like AI. The S&P 500's performance is tracked by ETFs such as SPY, VOO, and IVV.

Portfolio Pulse from Natan Ponieman

March 11, 2024 | 8:10 pm

ORCL

Oracle anticipates securing more large contracts for its cloud infrastructure capacity due to high demand for its Gen2 AI infrastructure, which outstrips supply despite rapid expansion of datacenters.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:08 pm

ORCL

Oracle anticipates recognizing 43% of its $80 billion Remaining Performance Obligations as revenue in the next four quarters. Its Gen2 Cloud Infrastructure business, which grew 53% in Q3, is expected to continue its hypergrowth phase.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:07 pm

ORCL

Oracle reported a significant increase in its cloud revenue for Q3, with overall cloud revenue up by 25%. Specifically, cloud infrastructure revenue saw a notable rise of 49%, while cloud application revenue increased by 14%.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:06 pm