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Revenues

RLYB

Rallybio Corporation (NASDAQ:RLYB) has presented results from a large-scale epidemiological analysis demonstrating the risk of fetal and neonatal alloimmune thrombocytopenia (FNAIT) across racially and ethnically diverse populations. The study suggests a significant increase in the number of pregnancies at higher risk for FNAIT annually, expanding the addressable market for RLYB212. Rallybio is on track to initiate a Phase 2 dose confirmation study for RLYB212 in pregnant women at higher risk for FNAIT in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:05 pm

LOBO

LOBO EV Technologies has expanded its market presence in Latin America by securing its largest order for 2024 from Ecuadorian wholesalers. The order includes electric tricycles, electric bicycles, and new solar-powered electric tricycles.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:05 pm

AVGO

CSCO

MRVL

NVDA

Broadcom Inc. (NASDAQ: AVGO) is making significant strides in the datacenter and AI Ethernet switching market, holding an 80% market share. JPMorgan analyst Harlan Sur highlights Broadcom's innovation with its Tomahawk series, which is ahead of competitors like Nvidia, Marvell, and Cisco. Broadcom's AI networking silicon revenues are expected to triple in 2024, driven by the upcoming Tomahawk 6 chipset. The company is also working on the 2nm Tomahawk 7, ensuring it stays ahead in the market.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 12:04 pm

BOF

BranchOut Food Inc. (NASDAQ:BOF) has secured a 10kW Radiant Energy Vacuum (REV) machine from EnWave Corporation for its new facility in Peru. This machine will aid in R&D, product development, and production scale-up, supporting orders valued at over $9M from major retailers.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:04 pm

ASMB

GILD

Assembly Biosciences has announced $12.6 million in equity financings through the issuance of 634,500 shares of its common stock and warrants to Armistice Capital LLC. The funding will support the advancement of its antiviral portfolio and extend its cash runway into Q1 2026. Key upcoming data readouts include ABI-5366 Phase 1a in 3Q24 and Phase 1b in 1H25, and ABI-4334 Phase 1b by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:02 pm

BKYI

BIO-key International (NASDAQ: BKYI) reported a Q1 EPS of $(0.32), a significant improvement from $(1.08) YoY. However, sales decreased by 29.27% to $2.18M from $3.08M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:00 pm

BBY

Best Buy Co (NYSE:BBY) has been analyzed by 12 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased to $92.92 from $85.58. Analysts have recently adjusted their ratings and price targets, with several raising their targets. Best Buy's financials show a decline in revenue growth but strong net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 12:00 pm

XPEV

XPeng Inc. (NYSE:XPEV) has successfully launched its flying car, the X2, in Beijing, marking a significant step towards commercialization by the end of the year. This development aligns with China's focus on the low-altitude economy, projected to surpass $138 billion by 2026.

Portfolio Pulse from Rounak Jain

June 17, 2024 | 11:56 am

QGEN

QIAGEN has announced its commitment to deliver solid profitable growth through 2028, targeting a 7% compound annual sales growth (CAGR) at constant exchange rates (CER) and achieving at least a 31% CER adjusted operating income margin by 2028.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:37 am

ADBE

DIA

GLD

SPY

USO

On June 14th, the U.S. stock markets showed mixed results with the Nasdaq achieving a record high, while the S&P 500 and Dow closed slightly lower. Economic data revealed a decline in consumer sentiment and import/export prices. Asian markets mostly declined, while European markets saw slight gains. Commodities like crude oil and gold traded lower.

Portfolio Pulse from Akanksha Bakshi

June 17, 2024 | 11:18 am