Streetbeat News

Products Services

PSTG

Pure Storage (NYSE:PSTG) has joined the Ultra Ethernet Consortium, a Linux Foundation initiative aimed at developing an open and accessible Ethernet-based architecture to enhance AI and HPC applications.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:03 pm

ACHR

Archer Aviation (ACHR) has signed a Memorandum of Understanding (MOU) with Future Flight Global for the planned purchase of up to 116 Midnight aircraft, valued at up to $580 million. Future Flight Global has made an initial deposit and committed to nearly $5 million in pre-delivery payments. This agreement aims to launch eVTOL operations in key global markets, increasing Archer's indicative order book to nearly $6 billion.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:01 pm

LUCD

PAVM

Lucid Diagnostics announced that the American Foregut Society has formally requested health insurance providers to update their medical policies to include the EsoGuard Esophageal DNA test as a covered service. This aims to enhance early detection and treatment of esophageal precancer.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:55 pm

OGI

Organigram Holdings Inc. (NASDAQ:OGI) reported a 25% year-over-year increase in Q3 net revenue to CA$41.1 million and a significant improvement in adjusted EBITDA. The company also highlighted strategic investments in the UK and Germany, and a 2700% YoY increase in gross margin. Shares traded 7.64% higher at $1.55 in pre-market.

Portfolio Pulse from Jelena Martinovic

August 13, 2024 | 12:51 pm

TGL

Treasure Global (TGL) is set to integrate TikTok Shop with its ZSTORE on the ZCITY Super App, aiming to leverage TikTok's 150 million viewers and over 55 million US shoppers to expand its global reach and market presence.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:51 pm

SAIC

Science Applications International Corp. (SAIC) has been awarded a $120 million, five-year contract by the U.S. Navy's Naval Supply Systems Command to support Tactical Training Group Pacific's fleet training mission.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:48 pm

IVW

IWF

META

Meta Platforms, Inc. (NASDAQ:META) has experienced a significant decline in Instagram engagement due to a policy shift on political content control. This has led to a 65% drop in viewership for notable accounts. Despite this, Meta's stock has gained 69% in the last 12 months. Investors can gain exposure to Meta through ETFs like iShares S&P 500 Growth ETF (NYSE:IVW) and iShares Russell 1000 Growth ETF (NYSE:IWF).

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 12:47 pm

DARE

Dare Bioscience shares are trading higher following the publication of findings from its Phase 2b RESPOND clinical study of Sildenafil Cream, 3.6%.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:47 pm

SPY

VOO

VTI

The article compares two Vanguard ETFs: the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI). VOO tracks the S&P 500 Index and holds around 500 stocks, while VTI tracks the CRSP U.S. Total Market Index and holds 3,674 stocks. Both ETFs have the same top 10 holdings but differ in their weightings and sector allocations. VOO has outperformed VTI and SPY over various time periods.

Portfolio Pulse from Chris Katje

August 13, 2024 | 12:46 pm

PLTR

SRFM

Surf Air Mobility Inc. (NYSE:SRFM) has announced a new venture, Surf Air Technologies LLC, in collaboration with Palantir Technologies Inc. (NYSE:PLTR). The venture aims to develop AI-powered software tools for the advanced air mobility industry. Despite the announcement, SRFM shares dipped by 13.9%, while PLTR shares rose by 1.16%. Surf Air is also considering bringing in outside investors to fund the venture.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 12:43 pm