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RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are rallying on Monday following multiple analysts raising their price targets. Analysts from Barclays, Canaccord Genuity, RBC Capital, and Goldman Sachs have all increased their price targets for Rivian, citing positive updates from the company's recent investor day. Rivian reaffirmed its production guidance and positive adjusted gross profit expectations, and announced a joint venture with Volkswagen, which will invest up to $5 billion in the company.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 3:26 pm

COSM

Cosmos Health Inc. (NASDAQ:COSM) has signed a distribution agreement with ZENDON s.r.o. to distribute its Sky Premium Life nutraceutical products in Slovakia, Hungary, Poland, and Czechia. This agreement grants Cosmos Health access to over 6,000 stores of pharmacy and retail chains in these countries.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:23 pm

SNTI

Senti Biosciences Inc (NASDAQ:SNTI) shares surged by 102.6% to $0.56 after receiving an $8 million grant from the California Institute for Regenerative Medicines to support the development of SENTI-202, an investigational cell therapy for treating relapsed/refractory hematologic malignancies, including acute myeloid leukemia (AML). The ongoing Phase 1 trial aims to provide initial efficacy data by the end of 2024 and durability data in 2025.

Portfolio Pulse from Henry Khederian

July 01, 2024 | 3:17 pm

LLY

SNY

Sanofi is nearing a decision to invest $1.4 billion to $1.6 billion in upgrading its insulin production site in Frankfurt, Germany. This move is expected to enhance the supply chain stability of its insulin brand, Lantus, and support Sanofi's long-term strategic goals. The investment is a significant win for Germany's healthcare sector, which has been actively attracting healthcare investments.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 3:13 pm

BABA

BIDU

FXI

KWEB

MCHI

NIO

Chinese markets saw an uptick following positive manufacturing data for June, with the CSI 300 Index rising 0.5%. Key US-listed Chinese stocks and ETFs also experienced gains, including Alibaba, Baidu, and NIO. Renewed market intervention efforts and increased net assets in major ETFs contributed to the positive sentiment.

Portfolio Pulse from Michael Juliano

July 01, 2024 | 3:10 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) has secured a $34 million contract with the U.S. Department of Defense to develop broad-spectrum antiviral agents. The contract aims to enhance military medical readiness against biological threats. TNXP shares are up 3.34% following the announcement.

Portfolio Pulse from Vandana Singh

July 01, 2024 | 3:07 pm

BITF

BTCUSD

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher following a production and operations update for June. The company mined 189 Bitcoin in June, up from 156 in May, due to increased corporate hashrate. Despite some production curtailments, Bitfarms improved its efficiency and expanded its hashrate. The company aims to reach 21 EH/s in 2024 and 35 EH/s by the end of 2025. Additionally, a rise in Bitcoin's price may be contributing to the stock's upward movement.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 3:06 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to release its second-quarter delivery numbers, with expectations set at 440,000 units. This would mark a second consecutive year-over-year sales decline. Analysts have revised their estimates downwards, with RBC Capital Market and Barclays lowering their forecasts. China remains a crucial market, showing a potential mini-rebound in sales. Despite recent struggles, analysts remain optimistic about Tesla's future, particularly with the upcoming Robotaxi Day on August 8. Tesla shares rose 1.84% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 01, 2024 | 3:03 pm

ORCL

Hitachi Construction Machinery has migrated its large-scale, mission-critical business systems to Oracle Cloud Infrastructure, resulting in a 20% reduction in operating costs and improved performance.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:02 pm

DIA

IWM

QQQ

SPY

The U.S. stock market experienced mixed performance during the week of June 24-28, 2024, with technology and energy sectors showing gains while healthcare and financials were mixed. The Federal Reserve hinted at a cautious approach to future rate hikes. Major indices like SPY, QQQ, IWM, and DIA showed varied performance, with some indicating potential for future gains. The upcoming week is expected to have lower-than-average trading volume due to the Independence Day holiday.

Portfolio Pulse from Volumeleaders.com

July 01, 2024 | 3:02 pm