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KSCP

Knightscope, Inc. (NASDAQ:KSCP) has received an order for 13 K1 Blue Light E-Phones from its Authorized Partner TS&L for installation at Georgia State University. This is part of a larger expected order of over 50 emergency communication devices for the university's downtown Atlanta campus. The K1 E-Phones are designed to provide reliable communication in emergencies, especially when cell service is unavailable or cell phone batteries are dead.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:40 pm

LLAP

Terran Orbital Corp (NYSE:LLAP) shares rose by approximately 11% following the announcement of a milestone payment received from Rivada Space Networks and a pre-announcement of its year-end cash balance. The company expects to report over $70 million in cash and cash equivalents as of December 31, 2023, compared to $38.7 million as of September 30, 2023. Terran Orbital anticipates additional milestone payments in 2024 and aims to meet its delivery obligations under the Rivada Contract in 2025 and 2026.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 2:35 pm

NIO

Regal Hotels International Holdings Ltd. and Cosmopolitan International Holdings Ltd. have signed a memorandum of cooperation with Saudi Arabia to develop up to 50 hotels in the Middle East, with an investment of up to $5 billion. The partnership aims to build 30 hotels in Saudi Arabia as part of the kingdom's efforts to diversify its economy away from oil. The companies will also establish an asset management platform to fund hotel-related projects. The Middle East is increasing investments in China and Hong Kong, with significant funds flowing into Chinese corporates from Middle Eastern states.

Portfolio Pulse from The Bamboo Works

January 02, 2024 | 2:34 pm

MULN

Mullen Automotive, Inc. has delivered an additional 50 Class 1 EV cargo vans to Randy Marion Automotive Group, invoiced at $1,681,750. This brings the total number of vans delivered to 100, with an invoiced amount of $3,363,500. Mullen is on track to deliver 285 Class 1 vehicles by January 8, 2024. The Mullen ONE vans are produced in Mississippi and are designed for last-mile delivery with a 110-mile range and best-in-class features.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:25 pm

ASML

SPY

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin have seen a spike in value on the first day of 2024, with Bitcoin crossing $45K. US markets are bullish with the S&P 500 surging 24% in 2023 and tech stocks predicted to rise 25% in 2024. US office buildings face a $117B debt cliff due to interest rates. Tesla shares have a lackluster start in 2024, and the company is set to report Q4 deliveries. Danone sells its U.S. organic dairy business, and Reckitt's Mead Johnson recalls baby formula. ASML halts exports to China, and US politics and world politics see significant developments.

Portfolio Pulse from Akanksha Bakshi

January 02, 2024 | 2:12 pm

SNPS

Sassine Ghazi, in his 2024 letter to stakeholders, discusses Synopsys' (SNPS) progress and future plans. The letter likely outlines the company's achievements, strategic goals, and possibly financial performance, which is common in such communications to investors and the public.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:09 pm

AZN

Allorion Therapeutics has entered into an agreement with AstraZeneca for the development and global commercialization of an EGFR L858R allosteric inhibitor, aimed at treating advanced EGFR-Mutant NSCLC. AstraZeneca has an exclusive option to license this inhibitor. Allorion could receive up to $40 million in upfront and near-term payments, over $500 million in milestone payments, and royalties on worldwide net sales.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 2:02 pm

NTST

Netstreit (NYSE:NTST) has been rated by 9 analysts in the past three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $16.75, down 14.54% from the previous average. Analysts from firms like Wolfe Research, Exane BNP Paribas, and Keybanc have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Netstreit, a REIT, has shown a revenue growth of 30.31% and a net margin of 13.29%, but its ROE and ROA are below industry averages. The company has a lower market cap and a conservative debt-to-equity ratio of 0.49.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 2:00 pm

NAVI

Navient (NASDAQ:NAVI) has received mixed analyst ratings over the last three months, with 5 indifferent and 2 somewhat bearish ratings. The average 12-month price target is $16.86, with a high of $18.00 and a low of $16.00, marking a 14.42% decrease from the previous average. Analysts from Stephens & Co., Jefferies, TD Cowen, Citigroup, and JP Morgan have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Navient's financials show strong revenue growth and net margin, but challenges in asset utilization and debt management.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 2:00 pm

NTRS

Northern Trust (NASDAQ:NTRS) has been rated by 6 analysts in the past three months, all maintaining an 'Indifferent' stance. The average 12-month price target is now $80.33, down from $83.50, with a high estimate of $98.00 and a low of $71.00. Analysts have adjusted their price targets in response to market conditions and company performance. Northern Trust, with a history dating back to 1889, manages significant assets but faces challenges in revenue growth, net margin, ROE, and ROA, all below industry averages. Its conservative financial approach is reflected in a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 2:00 pm