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AMGN

Amgen Inc (NASDAQ:AMGN) has published promising early-stage data on its experimental obesity drug, AMG 133 (maridebart cafraglutide), in Nature Metabolism. The drug demonstrated significant weight loss and an acceptable safety profile in animal and early human trials. A Phase 2 study has completed enrollment, with results expected in late 2024. AMGN shares rose 1.26% to $327.28.

Portfolio Pulse from Vandana Singh

February 05, 2024 | 3:05 pm

WT

WisdomTree (NYSE:WT) has been analyzed by 4 analysts, showing a shift towards a more bullish stance with an average 12-month price target of $10.5, up from $10.00. The company has shown impressive revenue growth of 24.87% as of September 30, 2023, but faces challenges with below-average net margin, ROE, and ROA. WisdomTree offers a diverse range of ETFs and ETPs and is developing digital products, including a blockchain-native digital wallet.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:00 pm

NKLA

PLUG

Nikola Corp (NASDAQ:NKLA) announced the opening of its first HYLA hydrogen refueling station in Southern California, aiming to fuel up to 40 Class 8 trucks daily. This marks the beginning of Nikola's plan to establish a significant hydrogen refueling network, with ambitions for up to 60 stations. Additionally, Ole Hoefelmann, with a 30-year background in hydrogen and former executive roles at Air Liquide and Plug Power Inc (NASDAQ:PLUG), has been appointed as president of Nikola's energy division. Nikola's stock was down 4.67% at $0.6941.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:46 pm

OPTX

Syntec Optics has achieved a production milestone by delivering its 50,000th microlens array, expanding its production capacity and entering new end-markets including Communications. This expansion was facilitated by acquiring production and metrology equipment from a customer's facility. The company's advanced manufacturing processes and ability to meet high precision requirements have attracted blue chip customers. The global photonics-enabled marketplace, including communications, is valued at $2.1 trillion, with communications alone valued at nearly $43B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:46 pm

META

MSFT

NVDA

SMH

Goldman Sachs raised NVIDIA Corp.'s (NASDAQ:NVDA) 12-month price forecast to $800, indicating a 21% potential increase from its current levels. This bullish stance is supported by NVIDIA's dominance in accelerated computing and AI monetization, particularly through contributions to Microsoft Corp. (NYSE:MSFT) and Meta Platforms Inc. (NASDAQ:META). NVIDIA's market share in the Data Center Compute sector has grown significantly, and it's adapting to geopolitical challenges with export-compliant GPUs for China. Despite potential risks, NVIDIA's valuation presents an attractive entry point for investors. The VanEck Semiconductor ETF (NASDAQ:SMH), which includes NVIDIA as a significant part of its portfolio, also saw a premarket increase.

Portfolio Pulse from Piero Cingari

February 05, 2024 | 2:44 pm

AVCNF

Avicanna Inc. has entered into an exclusive supply agreement with an unnamed multinational pharmaceutical company to launch its proprietary topical products in Europe. The products, developed from cannabinoids sourced from Avicanna's Colombian operations, are expected to be available in six European countries in 2024. Avicanna's shares saw a 4.3639% decrease to $0.2437 per share after the market close on Friday.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 2:41 pm

WYY

WidePoint Corporation (NYSE:WYY) announced its subsidiary IT Authorities has been awarded a $1.4 million contract for managed IT and cyber services by a major Florida attraction and research center. The three-year contract includes a comprehensive range of services such as 24x7 management and support, disaster recovery planning, and managed cyber security services. This win highlights IT Authorities' reputation and expertise in the MSP field and demonstrates WidePoint's successful cross-sell efforts and strengthening position in the MSP market.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:33 pm

CEI

Camber Energy, Inc. (CEI) announced an additional purchase order for a VKIN-6000/A Waste Treatment unit from Planeteq Limited, the exclusive UK distributor for Viking Ozone Technology, LLC. This unit is intended for delivery to a UK hospital within the National Health Service Trust, showcasing the benefits of ozone technology for waste treatment.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:25 pm

FDMT

4D Molecular Therapeutics' stock is trading higher following the announcement of positive interim data from the Phase 2 PRISM clinical trial for 4D-150 in treating wet AMD patients with severe disease activity and a high treatment burden.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:22 pm

TYL

Tyler Technologies has expanded its strategic collaboration agreement with Amazon Web Services (AWS) to facilitate easier adoption of cloud solutions for its clients. This expansion includes a broader framework and shared programs between Tyler Technologies and AWS.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:18 pm