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META

Meta Platforms, Inc. (NASDAQ:META) shares are trading higher ahead of the company's Meta Connect 2023 event. The event, focused on AI and virtual, mixed and augmented realities, will be hosted by CEO Mark Zuckerberg. Citigroup analyst Ronald Josey reiterated a Buy rating for Meta with a $385 price target. The stock has gained over 6% in the last month and over 100% in the last year.

Portfolio Pulse from Erica Kollmann

September 22, 2023 | 4:55 pm

AMGN

BAYRY

MYNZ

NVS

AI is revolutionizing the pharmaceutical industry by speeding up clinical trials and improving diagnostics. Mainz Biomed (NASDAQ:MYNZ) has developed ColoAlert, a test for early detection of Colorectal cancer, and partnered with Microba Life Sciences to improve its development of PancAlert. Major drugmakers like Amgen Inc (NASDAQ:AMGN), Bayer Aktiengesellschaft (OTC:BAYRY) and Novartis AG (NYSE:NVS) are using AI to find patients for clinical trials, reducing costs and accelerating drug development. However, the effectiveness of AI depends on the quality of the data it learns from.

Portfolio Pulse from Upwallstreet

September 22, 2023 | 4:51 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced that the New York Police Department (NYPD) has launched the Knightscope K5 security robot service in a Manhattan subway station. The first two weeks will be spent on training, configuration and setup protocols for the autonomous robot to navigate followed by patrol activities. The company's technologies have been successfully used by other police departments, with one agency in Los Angeles County, California, praising Knightscope for reducing crime in a public park.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:44 pm

BYDDF

TSLA

Toyota Motor plans to triple its electric vehicle production in 2025 from its 2024 plan, aiming to produce 600,000 units in 2025, up from a target of 190,000 units in 2024. This move is part of Toyota's strategy to catch up with rivals such as Tesla and BYD.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:43 pm

FEAM

FLUX

MLGO

MOND

NEPT

SCHL

U.S. stocks traded slightly higher with the Nasdaq Composite gaining around 100 points. MicroAlgo Inc. shares shot up 80% after unveiling a knowledge-enhanced backtracking search algorithm. 5E Advanced Materials, Inc. shares rose 16% after receiving EPA authorization for Step-Rate Testing. Mondee Holdings, Inc. shares gained 25% after a $30 million share repurchase program was approved. Neptune Wellness Solutions Inc. shares dropped 48% after pricing a $4.5 million public offering. Scholastic Corporation shares were down 16% after reporting downbeat Q1 results. Flux Power Holdings, Inc. shares fell 16% following weaker-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 4:08 pm

AAPL

Analyst Ming-Chi Kuo predicts that Apple's 4Q23 iPhone revenue and profit will surpass expectations and achieve year-on-year growth. This is based on early iPhone 15 sales results, a better product mix, and shipment growth. Kuo maintains his estimate of iPhone 15 shipments in 2H23 at 80 million units. The iPhone 15 Pro Max is expected to be the primary growth driver, with orders revised upward to 35 million units. The iPhone 15 Plus may also see increased orders due to better-than-feared sales results. However, the iPhone 15 and 15 Pro may face order cuts if Apple doesn't reduce their prices.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:04 pm

BTCUSD

Custodia Bank CEO Caitlin Long discussed the future of Bitcoin and the role of her bank in an interview with Benzinga. Long, who has a background in traditional banking, founded Custodia Bank to bridge the gap between traditional finance and digital assets. The bank is set to launch Bitcoin custody soon. Long also highlighted the importance of security and compliance in the cryptocurrency sector. She believes that programmable money is a superior system and could benefit the financial world. Long also mentioned that the Federal Reserve is beginning to shift its stance on cryptocurrency.

Portfolio Pulse from Chris Katje

September 22, 2023 | 4:00 pm

PFE

Pfizer has announced that its RSV vaccine will be priced at $295 per dose for maternal use, according to a CDC Advisory Panel Meeting.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 3:49 pm

INFY

NVDA

RLNY

Nvidia's founder Jensen Huang has been touring India, meeting with tech luminaries, business moguls, and Prime Minister Narendra Modi. The company is set to increase its investment and partnerships in India, which is seen as a vital market for Nvidia's AI push. Nvidia is building one of the world's most advanced AI supercomputers in India, in partnership with Reliance Industries Limited and Tata Group. The company is also working with Infosys Limited to train 50,000 engineers on its generative AI programming.

Portfolio Pulse from Daniel Harrison

September 22, 2023 | 3:49 pm

STLA

Stellantis N.V. (NYSE:STLA) is planning to invest 2.5 billion reais ($508.20 million) in its Rio de Janeiro facility for the production of the model C3 AirCross, a seven-seat SUV. This investment is part of a cycle that ends in 2025. The company recently inaugurated its first Battery Technology Center in Turin, Italy, and proposed a new contract that might lead to the closure of 18 U.S. facilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 3:38 pm