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UMC

United Microelectronics (UMC) announced in an SEC filing that operations and wafer shipments have resumed normally with no significant impact on its finances or business following a recent earthquake in Taiwan.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:41 pm

LW

Lamb Weston Holdings (LW) reported Q3 adjusted EPS of $1.20, missing the $1.45 estimate, and sales of $1.46B, below the $1.65B estimate. This represents a 17.24% miss on EPS and an 11.64% miss on sales estimates, with a year-over-year earnings decrease of 16.08% and a sales increase of 16.27%.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:41 pm

APO

PARA

RPV

RSPC

Paramount Global (NASDAQ:PARA) is in exclusive talks with Skydance for a potential merger, after rejecting a $26 billion bid from Apollo Global Management, Inc. (NYSE:APO). PARA stock has declined over 35% in the past year. Investors can also gain exposure to PARA through Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and Invesco S&P 500 Pure Value ETF (NYSE:RPV). The merger discussions follow Paramount's board rejecting Apollo's bid, with PARA shares trading lower by 1.92% to $13.26 in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 12:37 pm

MARA

Marathon Digital Holdings, Inc. (MARA) has announced an increase in its Bitcoin (BTC) holdings to 17,381 and reported a total of $1.6 billion in cash and BTC as of March 31, 2024. This reflects the company's continued investment in cryptocurrency and its growing asset base in both digital and traditional forms.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:35 pm

F

Ford has announced a delay in the launch of its all-new 3-row electric vehicles (EVs), now scheduled for 2027. This decision may impact investor sentiment and the company's position in the competitive EV market.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:34 pm

ECDA

ECD Auto Design (NASDAQ:ECDA) announced its acquisition of assets from Brand New Muscle Car valued at $1.5M, marking its first acquisition as a public company. This move allows ECD, a leader in Land Rover and Jaguar restorations, to enter the classic American muscle car market, including bespoke Ford Mustangs. The acquisition aims to leverage ECD's Orlando manufacturing facility to expand into the $15 billion high-end and collectible car market, targeting the ultra-high net worth demographic with unique restomod opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:33 pm

VLD

Velo3D, Inc. (VLD) announced receiving orders totaling $27M since mid-December 2023, including a significant purchase by Mears Machine for 2 Sapphire XC systems for defense and aerospace parts. The company's backlog reached $23M, with deliveries starting Q2 2024. Preliminary Q1 2024 estimates include revenue of $6-$11M, gross margin of (25)-10%, and operating expenses of $13-$18M. These results reflect strong customer confidence and a successful market strategy, particularly in the defense and space sectors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:32 pm

BA

LUNR

NOC

Intuitive Machines Inc (NASDAQ:LUNR) shares surged after NASA awarded the company a $30 million contract as a prime contractor for a Lunar Terrain Vehicle Services Feasibility Assessment. This contract involves creating a roadmap for developing and deploying a Lunar Terrain Vehicle on the Moon, marking Intuitive's entry into human spaceflight operations within NASA's $4.6 billion project. Partners including Boeing Company (NYSE:BA), and Northrop Grumman Corporation (NYSE:NOC) will contribute to the LTV design.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 12:27 pm

INSM

Insmed shares experienced an increase in trading activity following Wells Fargo's decision to maintain an Overweight rating on the stock, along with a steady price target of $55.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:25 pm

EFTR

Trading for EFTR was halted at 8:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:25 pm