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ACHR

Archer Aviation Inc. (NYSE: ACHR) hosted the Federal Advanced Air Mobility (AAM) Interagency Working Group at its flight test facility, showcasing its eVTOL aircraft and demonstrating readiness for commercialization in 2025. The event was attended by over 70 representatives from various federal agencies. The AAM working group is tasked with creating a national strategy to integrate Advanced Air Mobility into the national airspace by 2025.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 4:58 pm

HII

Huntington Ingalls Industries, Inc. (NYSE:HII) has successfully completed sea trials for the U.S. Coast Guard's newest national security cutter, Calhoun (WMSL 759). The company has delivered nine legend-class national security cutters to the Coast Guard. However, Ingalls Shipbuilding revenues for the first quarter of 2023 were $577 million, a decrease of 8.6% from the same period in 2022, primarily due to lower revenues in amphibious assault ships and the Legend-class National Security Cutter (NSC) program. HII shares are trading higher by 0.53% to $228.79.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:51 pm

ALB

LAC

SQM

Shares of lithium stocks are trading higher following strong delivery numbers from several EV makers. The companies mentioned are Albemarle Corporation (ALB), Lithium Americas Corp. (LAC), and Sociedad Quimica y Minera de Chile (SQM).

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:33 pm

NSANY

QQQ

SPY

TSLA

WKSP

Worksport Ltd (NASDAQ:WKSP) has announced the opening of its R&D Center in the U.S., focusing on the development of its solar-powered tonneau cover and COR remote power and storage system. Meanwhile, Tesla Inc (NASDAQ:TSLA) continues to face delays with its Cybertruck. The S&P 500 and Nasdaq have seen significant gains, with Tesla contributing to the rise. Nissan Motor Co Ltd (OTC:NSANY) is reportedly considering an electric pickup, and Worksport's aftermarket addons could prove lucrative.

Portfolio Pulse from Upwallstreet

July 03, 2023 | 4:29 pm

BTCUSD

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher after the company reported a 170% quarter-over-quarter increase in its Bitcoin holdings. The company also announced operational updates including the deployment of about 68,678 latest-generation bitcoin miners and expansions in Washington and Sandersville.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 4:09 pm

EVGN

Evogene Ltd.'s unit Casterra Ag Ltd. has received additional purchase orders worth $2.2 million to supply castor seeds for biofuel production in new African territories. The seeds, developed with Evogene's GeneRator AI Tech Engine, will be used to produce oil for sustainable biofuel. The company had previously signed a framework agreement to sell seeds of its proprietary castor varieties to a leading oil and gas company for cultivation in specific African territories, with initial orders valued at $9.1 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 4:07 pm

BTCUSD

CME

ETHUSD

CME Group plans to launch Ether (ETH)/Bitcoin (BTC) ratio futures on July 31, subject to regulatory approval. The new futures contract aims to capitalize on the relative value trading opportunities that have emerged as the market dynamics of Ether and Bitcoin have evolved. The Ether/Bitcoin Ratio futures will allow investors to capture Ether and Bitcoin exposure in a single trade, without needing to take a directional view. The new futures contract will be cash-settled to the value of the CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 3:57 pm

NVDA

SPY

Micron Technology Inc (NASDAQ:MU) is promising to catch up with AI chip leader NVIDIA Corporation (NASDAQ:NVDA) and other top S&P 500 companies. Despite a 57% YoY revenue drop and a negative gross margin of 17.8%, Micron's shares rose more than 2% after it topped Q3 estimates. The company is planning to introduce its first GDDR7 new-generation memory chips in H1 2024 and several AI-related products. However, Micron's recovery may be slowed by the ongoing U.S.-China technology dispute, which puts up to half of its China revenue at risk.

Portfolio Pulse from Upwallstreet

July 03, 2023 | 2:57 pm

TNXP

Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) has acquired two FDA-approved migraine products, Zembrace SymTouch and Tosymra, from Upsher-Smith Laboratories for about $25 million. The acquisition is expected to enhance Tonix's commercial capabilities and infrastructure. These products collectively generated sales of approximately $23 million in 2022. TNXP shares are trading higher by 2.04% to $1.6123.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2023 | 2:56 pm

GOOG

WMT

Walmart is rumored to be launching a Google TV streaming stick that is expected to be priced even cheaper than $20. This move could potentially increase competition in the streaming device market.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 2:36 pm