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AMD

BB

BlackBerry shares are trading higher following the announcement of a robotics collaboration with AMD. This partnership is expected to leverage BlackBerry's expertise in security and mobility with AMD's advanced computing technologies to innovate in the robotics sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:57 pm

HLIT

Harmonic Inc. announced a CEO succession plan and updated its Q1 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:54 pm

CSCO

Cisco Systems is on track for its largest percentage increase since August 2023, according to Reuters citing Data Talk.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:53 pm

NRIX

Nurix Therapeutics shares are trading higher following the announcement of an extension of its ongoing research program with Sanofi for STAT6. This extension indicates a continued partnership and potential for future developments in their collaborative efforts.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:51 pm

ABNB

DIA

NET

A report by Cloudflare Inc (NYSE:NET) highlighted a significant drop in internet traffic during the April 8, 2024, total solar eclipse, with traffic down 8% in bytes delivered and 12% in requests in the U.S. compared to the previous week. States in the path of totality saw even larger declines. The event also led to increased bookings for Airbnb Inc (NASDAQ:ABNB) and could historically suggest gains for the Dow Jones, tracked by SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), following total solar eclipses.

Portfolio Pulse from Chris Katje

April 09, 2024 | 3:48 pm

BA

EADSY

ITA

PPA

SPR

Boeing Company (NYSE:BA) reported a significant drop in its first quarter deliveries for 2024, with 83 commercial aircraft delivered compared to 130 in the same period last year. The company also delivered 14 defense sector aircraft. Boeing and Airbus SE (OTC:EADSY) are reportedly close to splitting operations of supplier Spirit Aerosystems Holdings, Inc. (NYSE:SPR), potentially ending Boeing's 20-year outsourcing strategy. This comes as Boeing faces pressure to reassess its supply chain strategy following a recent crisis. BA stock has declined over 13% in the past year, with exposure available through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 3:47 pm

AMKR

Amkor Technology's stock price increased following a CNBC report that highlighted a Needham note referring to AMKR as the 'Hidden Gem Of AI'.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:43 pm

LASE

LHX

Laser Photonics Corporation's stock (LASE) surged by 141.2% after receiving an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies, Inc (LHX). The financial terms of the deal were not disclosed. The system will be used in L3Harris's semiconductor division in Palm Bay, Florida.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 3:37 pm

LI

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in trading, driven by broader strength in Chinese markets. This trend may be influenced by US Treasury Secretary Yellen's upcoming visit to China and anticipated inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:32 pm

CCL

Investors have shown a bullish stance on Carnival (NYSE:CCL) through recent options trades, with a sentiment split of 75% bullish and 25% bearish. The focus is on a price band between $12.0 and $20.0. Large trades include both calls and puts, with significant volumes and open interest in this range. Carnival, the largest global cruise company, has seen its stock price slightly down by -0.38%, with a neutral RSI indicator. Analysts have given an average target price of $22.2, with ratings ranging from Positive to Buy.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 3:30 pm