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AAPL

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading higher despite a 33% decline over the past month. DJ Novotney, a former Apple Inc. (NASDAQ:AAPL) VP of hardware engineering, is joining Rivian as SVP of vehicle programs. Additionally, rumors suggest a March 2024 launch for Rivian's R2 model, based on a Laguna Beach City Council agenda report about a planned event titled 'Rivian R2 Launch'.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 4:13 pm

TAK

The FDA has approved Takeda's GAMMAGARD LIQUID for adults with Chronic Inflammatory Demyelinating Polyneuropathy (CIDP). This approval is based on Phase 3 ADVANCE-CIDP study data, which demonstrated the safety and efficacy of GAMMAGARD LIQUID as an intravenous therapy. With this new indication, GAMMAGARD LIQUID becomes the only intravenous immune globulin (IVIG) approved for multiple neuromuscular disorder indications in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:11 pm

VRNS

Varonis Systems (NASDAQ:VRNS) has received mixed analyst ratings over the past three months, with 7 analysts offering views ranging from somewhat bullish to indifferent. The average 12-month price target for VRNS has been raised to $45.71, up 24.01% from the previous target of $36.86. Analysts from Wells Fargo, DA Davidson, Citigroup, JP Morgan, RBC Capital, and Morgan Stanley have all raised their price targets for VRNS, indicating a positive shift in expectations. Varonis Systems, a cybersecurity vendor, is transitioning to cloud-based services and faces financial challenges such as revenue decline, below-average net margin, and ROE, as well as a cautious approach to debt management.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:00 pm

MSFT

NSIT

Insight Enterprises has signed a multibillion dollar global strategic partnership framework agreement with Microsoft to drive digital transformation using Microsoft cloud technologies. The financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 3:46 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to launch an upgraded Model 3 Performance in China, expected to start sales in Q2 2024. The vehicle will be produced at Tesla's Gigafactory in Shanghai and the Fremont Factory in California. The Performance model, which was missing from the initial upgraded Model 3 launch in China and the U.S., will feature new rims, a revamped braking system, larger brake discs, and more capable tires. Mass production is set to begin at the end of March, and the vehicle is expected to be priced at around 400,000 yuan ($55,730). The launch is anticipated to solidify Tesla's leadership in the EV market.

Portfolio Pulse from Benzinga EV Insights

January 29, 2024 | 3:41 pm

BNBUSD

DOGEUSD

SHIBUSD

SOLUSD

XRPUSD

Solana's ecosystem activity has surged, with new addresses reaching 10.13 million in January 2024. This has led to a 9% increase in Solana's price over the past week and a 300.7% gain over the past year. Analysts predict further growth, with targets of $140 and $113 if it holds above $94. Trading volumes have also increased, surpassing those of other top cryptocurrencies like Dogecoin and Shiba Inu. Unibot announced a new Solana ecosystem token, UNISOL, which will generate revenue in SOL.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 3:37 pm

GOOG

GOOGL

Alphabet Inc (GOOG, GOOGL), parent company of Google, is set to report Q4 earnings on Jan. 30 with expectations of $1.59 EPS and $85.22 billion in revenues. Analysts will focus on Google's AI positioning, the impact of layoffs, and shareholder returns. Google's core businesses are strong, and its AI assets are competitive despite challenges from ChatGPT. Layoffs indicate strategic restructuring, and the company's cash flow and share repurchases are key to shareholder value. The stock is rated a Buy with a target of $131.85, trading at $153.79 on Jan. 26.

Portfolio Pulse from Surbhi Jain

January 29, 2024 | 3:29 pm

ALK

Alaska Air Group, Inc. (NYSE:ALK) stock is trading flat and has declined over 7% in the past month, partly due to an incident involving the loss of a Boeing 737 Max 9 door plug mid-flight. The incident is linked to missing bolts from the Boeing Company (NYSE:BA) factory. Alaska Air has resumed some Max 9 services after inspections. The stock is trading below its 50-day moving average but above its 52-week low. Investors are considering earnings growth and valuation metrics, with ALK's earnings up 66.67% last quarter and its P/E ratio compressed by 93.57% compared to last year.

Portfolio Pulse from Erica Kollmann

January 29, 2024 | 3:18 pm

PALI

Palisade Bio Inc (NASDAQ:PALI) stock surged after announcing preclinical data presentation of PALI-2108 at the Crohn’s & Colitis Congress. PALI-2108, a colon-specific PDE4B inhibitor prodrug for ulcerative colitis, showed promise in preclinical models with reduced toxicity and targeted efficacy. The stock experienced heavy trading volume, significantly higher than its average, and shares were up 125.2% at last check.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 3:15 pm

CRLBF

CURLF

GTBIF

Ohio lawmakers are working on rules for legal adult-use cannabis sales, with optimism for progress in the spring. The state's House Speaker and Senate President are aiming for legislative action following the legalization vote two months ago. Meanwhile, experts at Crain's Cleveland Business Cannabis Summit discussed the potential and challenges of the new market. Companies like Green Thumb Industries, Curaleaf Holdings, and Cresco Labs are preparing for the opportunity.

Portfolio Pulse from Jelena Martinovic

January 29, 2024 | 3:04 pm