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MXCT

MaxCyte, Inc. has signed a strategic platform license agreement with Wugen Inc., granting Wugen non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation and ExPERT platform. In return, MaxCyte will receive annual license fees and program-related revenue.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:52 pm

AMD

NVDA

Ahead of its Q4 earnings release, AMD received a downgrade from Raymond James analyst Srini Pajjuri, changing from a Strong Buy to Outperform, with a price target increase from $190 to $195. The downgrade is due to high AI revenue expectations, with AMD's stock trading at 33 times the adjusted non-GAAP estimates for 2025, which already discounts a 20% unit share for AI GPUs. Pajjuri compares AMD's valuation to Nvidia's, noting that Nvidia is likely to have shipped more AI chips and is on track to increase shipments, while AMD capturing 20% of the AI chip market is seen as challenging. AMD is expected to report non-GAAP earnings per share of 77 cents on revenue of $6.12 billion. AMD shares fell 0.41% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 1:51 pm

COMM

CommScope has introduced SYSTIMAX 2.0, an evolution of its product/service portfolio designed to enhance agility, performance, reliability, and future-readiness in structured cabling environments.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:50 pm

ALK

BA

EADSF

Boeing Co (NYSE:BA) is set to report Q4 earnings on Jan. 31 with expectations of a negative 74 cents EPS and $21.12 billion in revenues. The company's stock trades at a discount compared to Airbus SE (OTCPK:EADSF), partly due to supply chain issues and the Alaska Airlines (NYSE:ALK) incident. Analysts will focus on Boeing's AI integration in supply chain management and production targets. Consensus analyst ratings on Boeing stock are a Buy with a price target of $216.41. Boeing's stock closed slightly lower at $205.19.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 1:42 pm

GM

During a conference call, GM's CEO acknowledged that the growth pace for electric vehicles (EVs) has slowed, leading to some uncertainty. The company plans to adjust production to match demand.

Portfolio Pulse from Charles Gross

January 30, 2024 | 1:41 pm

CPS

NKE

Cooper-Standard has entered into a partnership with NIKE, granting NIKE limited exclusivity to use Cooper-Standard's Fortrex material in footwear. NIKE also has the opportunity to explore new applications of Fortrex in other product lines.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:40 pm

CEI

Camber Energy has received a purchase order for its VKIN-Ozone patented waste treatment system, indicating potential revenue growth and market interest in its environmental technology.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:40 pm

WKHS

Workhorse Group has been granted three U.S. patents related to its electric delivery vehicles. The patents cover adaptations for electric delivery vehicles, the incorporation of monocoques and modular mold systems, and brake systems for land vehicles. Additionally, a patent for unmanned aerial vehicle delivery systems was also granted.

Portfolio Pulse from Charles Gross

January 30, 2024 | 1:38 pm

SIBN

SI-BONE, Inc. has received FDA 510(k) clearance for a new smaller diameter iFuse Bedrock Granite Implant, which now has an expanded indication and application. This regulatory milestone allows the company to market the product for additional surgical uses, potentially increasing its market share and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:38 pm

IINN

Inspira Technologies (IINN) has announced a distribution agreement with Glo-Med Networks. This partnership aims to expand the distribution of Inspira's products, potentially increasing the company's market reach and sales. The agreement could have positive implications for Inspira's revenue growth and market presence.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:38 pm