Streetbeat News

Revenues

MULN

Mullen Automotive (NASDAQ: MULN) has announced its first sale of Mullen Commercial electric vehicles in Massachusetts through its new dealer partner, Eco Auto. The initial delivery will be made to a Massachusetts-based company specializing in custom home building, renovations, property management, and painting services.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:01 pm

WMT

Walmart (NYSE:WMT) has been analyzed by 32 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $72.19, with a high of $81.00 and a low of $64.00. Recent analyst actions predominantly involve raising price targets and ratings, reflecting positive sentiment despite a recent revenue decline.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 1:00 pm

SPY

The USA Redbook YoY growth rate increased to 5.8% from the previous 5.3%, indicating a stronger retail sales performance.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:56 pm

MRNA

The U.S. government has awarded Moderna Inc. a $176 million contract to accelerate the development of its bird flu vaccine, mRNA-1018, in response to rising H5N1 bird flu cases. The funding will support late-stage development and testing, with results expected later this year.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 12:55 pm

TSN

Tyson Foods Inc (NYSE:TSN) is scaling back its antibiotic-free beef products due to rising costs and increased regulations. This follows a similar move with chicken last year. Despite increasing beef prices, they are not enough to offset high costs, impacting Tyson's profitability. The company reported a slight sales decline in Q2 FY24.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 12:42 pm

RIVN

VWAGY

Rivian Automotive Inc. (NASDAQ:RIVN) has garnered investor interest due to a major investment by Volkswagen and its efforts to achieve profitability. Despite significant losses per vehicle, Rivian aims to turn its first quarterly gross profit in Q4 2024. The company plans to form a joint venture with Volkswagen, which will invest up to $4 billion by 2026. Rivian is also introducing cost-cutting measures and developing a cheaper R2 SUV to expand its market base.

Portfolio Pulse from Anan Ashraf

July 02, 2024 | 12:39 pm

DOUG

Douglas Elliman has announced a $50 million growth investment from Kennedy Lewis Investment Management. The investment comes in the form of senior secured convertible notes due July 2, 2029, with a 7.0% cash interest or 8.0% paid in kind. Preliminary Q2 gross transaction value is estimated between $10.25 billion and $11.25 billion, indicating a strong cash position. The investment will be used to fuel strategic growth and expansion, and Kennedy Lewis will gain the right to nominate one director to Douglas Elliman's board.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:35 pm

RIVN

Rivian Automotive announced its Q2 2024 production and delivery totals, producing 9,612 vehicles and delivering 13,790 vehicles. The company reaffirmed its 2024 annual production guidance of 57,000 vehicles and will release its Q2 financial results on August 6th with a webcast at 5:00 p.m. ET.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:33 pm

BLBX

Blackboxstocks Inc. (NASDAQ:BLBX) has announced a $1.25 million private placement offering priced at $4.00 per share. The company will invest $1.15 million into Evtec Aluminium and retain $100,000 for working capital. The investment will increase Blackbox's ownership in the combined company with Evtec Aluminium from 26.2% to 29.4%.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:32 pm

SVRE

SaverOne 2014 has announced a follow-on order for 50 SaverOne systems by an Israeli subsidiary of a leading global food manufacturer, highlighting significant international growth potential.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:32 pm