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SIDU

Sidus Space, identified by its ticker SIDU, has received a Notice of Allowance for its U.S. patent application 18/357,383, titled 'Three Dimensional Print Head Apparatus'. This development marks a significant milestone for the company in securing intellectual property rights for its 3D printing technology.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:52 pm

AMZN

CELH

Celsius Holdings Inc (NASDAQ:CELH) shares hit all-time highs after reporting Q4 revenue of $347.44 million and EPS of 17 cents, surpassing estimates. CEO John Fieldly remains optimistic about the energy drink maker's growth potential, highlighting its position as the third-largest in the U.S. and the best-selling brand on Amazon. The company's focus on health-conscious consumers and innovative products like the 'Fizz-free' line are key growth drivers.

Portfolio Pulse from Adam Eckert

February 29, 2024 | 6:46 pm

AGFY

Agrify Corporation's stock price increased following the announcement of a $3.4 million sales order from HarvestWorks Farm.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:41 pm

MAGQ

MAGS

MAGX

Roundhill Investments has expanded its ETF lineup with the introduction of the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX), offering inverse and leveraged exposure to the Magnificent Seven stocks (MSFT, AAPL, GOOG, GOOGL, AMZN, META, NVDA, TSLA). The original Roundhill Magnificent Seven ETF (MAGS) has seen significant growth, with assets under management reaching $152 million and a year-to-date increase of nearly 14%.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 6:36 pm

XPEV

Xpeng shares are trading higher following the announcement of a partnership with Volkswagen to jointly develop two B-class battery electric vehicles, signaling a significant collaboration in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:21 pm

ETHUSD

On Wednesday, 12,634.09 Ether (ETH) worth approximately $43.4 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -15.94% yesterday.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:00 pm

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) surged over 15% following the announcement of a new privacy-focused network on the Shibarium blockchain in partnership with Zama. This network utilizes Fully Homomorphic Encryption and is supported by the Shiba Inu ecosystem token TREAT. The Shibarium network aims to offer low-fee financial services and gaming. Significant increases in new accounts and large transactions indicate strong buying activity. Analyst Altcoin Sherpa predicts potential huge runs for both Dogecoin (CRYPTO: DOGE) and Shiba Inu, highlighting their promising charts.

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 5:54 pm

INTC

Intel has officially announced the launch of Altera, a new standalone company focused on FPGA (Field-Programmable Gate Array) technology. Altera will operate under its own brand, marking a significant move in Intel's business strategy.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:51 pm

ROKU

Financial analysis reveals a bearish sentiment among traders on Roku (NASDAQ:ROKU), with 59% showing bearish tendencies in recent options activity. The analysis highlighted 27 unusual trades, with a significant portion being calls. The price window eyed by traders ranges from $20.0 to $110.0. Roku, a leading streaming platform, is currently trading up by 1.74% at $64.82, with potential oversold conditions indicated by RSI readings. The company's earnings release is anticipated in 55 days.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:46 pm

AAPL

GOOG

RIVN

TSLA

Apple Inc's abandoned electric vehicle (EV) project, known as Titan, considered using Siri as a steering mechanism and had explored a deal with Tesla Inc. The project, which began in 2014, faced multiple stalls and leadership changes. Apple's initial vision included a car without a steering wheel, controlled by Siri, resembling a European minivan. The development of Apple's EV followed failed acquisition talks with Tesla, where Elon Musk sought to be CEO of the combined entity, leading to the collapse of negotiations. Apple's interest in the EV market remains, with speculation about potential acquisitions like Rivian Automotive.

Portfolio Pulse from Chris Katje

February 29, 2024 | 5:43 pm