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CTM

Castellum, Inc. (NYSE-American: CTM) has formed a strategic alliance with Native Hawaiian contractor K2 to secure up to $100 million in Department of Defense contracts. This partnership leverages Castellum's extensive experience and K2's eligibility status as a Native Hawaiian government contractor.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:49 am

PAPL

Pineapple Financial has partnered with Walnut Insurance to integrate Walnut's Property and Casualty (P&C) insurance into Pineapple's deal management system, PineappleONE. This collaboration aims to enhance the home-buying process and tap into the $85 billion P&C market, potentially boosting Pineapple's revenue stream.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:47 am

META

MSFT

LinkedIn, owned by Microsoft (NASDAQ:MSFT), is deploying AI and games to increase user engagement and compete with Meta Platforms Inc's (NASDAQ:META) Facebook and TikTok. LinkedIn aims to build daily habits among users and has seen a record engagement of 1.5 million content interactions per minute in June. Despite recent growth, the platform's year-on-year growth has slowed. LinkedIn's Premium subscription revenue grew by 25% year over year, reaching $1.7 billion.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 10:45 am

BA

CRUZ

EIRL

RYAAY

Ryanair Holdings plc (NASDAQ:RYAAY) shares dropped 12.8% premarket after missing Q1 FY25 earnings expectations. Revenue fell 1% Y/Y, with a 15% decrease in average fares. Traffic grew 10%, but net profit dipped 46%. Operating costs rose due to Boeing delivery delays. Ryanair's outlook remains cautious with weaker-than-expected pricing for Q2.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:43 am

ALVO

STADA and Alvotech have launched Uzpruvo, the first approved biosimilar to Stelara in Europe, across major European markets. This launch follows the expiry of exclusivity rights linked to the European reference molecule patent, providing expanded access to a critical medicine in gastroenterology, dermatology, and rheumatology.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:36 am

CRWD

GLD

MSFT

SPY

UNG

On July 19th, U.S. stock markets closed lower due to a global tech outage caused by a glitch in Crowdstrike’s software, affecting Microsoft’s Windows system. The Dow Jones fell 0.93%, the S&P 500 declined 0.71%, and the Nasdaq Composite dropped 0.81%. Energy shares experienced the largest decline, while healthcare and utilities posted gains. Baker Hughes reported a decrease in active U.S. oil rigs. European markets advanced, and the U.S. dollar retreated while gold held above $2,400.

Portfolio Pulse from Akanksha Bakshi

July 22, 2024 | 10:36 am

GROY

Gold Royalty Corp. (GROY) reported its preliminary revenue for Q2, amounting to $1.79 million.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:33 am

ISTR

Investar Holding reported Q2 2024 adjusted EPS of $0.36, beating the estimate of $0.29. Sales were $19.948 million, surpassing the $19.800 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:27 am

BA

ITA

PPA

WWD

Boeing's Commercial Market Outlook predicts a need for 44,000 new airplanes by 2043, driven by emerging markets and single-aisle demand. The global fleet is expected to grow at 3.2% annually. Boeing also forecasts a $4.4 trillion demand for commercial services. Woodward, Inc. will supply solutions for Boeing's X-66A aircraft. Boeing faces a potential strike from Washington state factory workers. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:23 am

BA

Boeing has announced that Korean Air intends to purchase up to 50 widebody airplanes, including 20 777-9s and 20 787-10s, with options for 10 more 787 Dreamliners. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:14 am