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CMND

Clearmind Medicine's stock is trading higher following the announcement of an exclusive patent licensing agreement with Yissum Research Development Company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:49 am

ROK

Rockwell Automation's shares dropped following its Q2 financial results announcement and a reduction in its FY24 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:48 am

ELDN

Eledon Pharmaceuticals' stock trades lower following the announcement of a $50 million oversubscribed private placement and clinical progress with tegoprubart for preventing transplant rejection.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:46 am

REFI

Chicago Atlantic Real Estate Finance has affirmed its 2024 outlook that was initially issued on March 12, indicating confidence in its future financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:45 am

BYDDF

BYDDY

NIO

Nio has partnered with BYD, backed by Warren Buffett, to launch a budget-friendly EV brand named 'Onvo', aiming to compete with Tesla's Model Y. This partnership allows Nio to source batteries from BYD, alongside its current supplier CATL, and another provider CALB for different versions of the Onvo EV. This move is part of a broader strategy to reduce costs and compete more effectively in the fiercely competitive Chinese EV market. BYD, having surpassed Tesla in global EV production, is focusing on making EVs more affordable than gasoline vehicles.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 11:44 am

TGT

Target's stock price increased following an upgrade from Neutral to Buy by Citigroup.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:41 am

AAPL

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) saw its stock rise in premarket trading amid rumors of a potential deal with Apple, Inc. (NASDAQ:AAPL). The speculation is based on reports from Digitimes, suggesting Apple is considering a partnership with a U.S. EV startup, likely Rivian. This comes as Rivian prepares to announce its Q1 results, with analysts expecting a loss of $1.17 per share on $1.163 billion in revenue. A deal with Apple could benefit both companies, offering Rivian a lifeline in the competitive EV market and giving Apple exposure to the EV sector.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 11:37 am

EHTH

eHealth (NASDAQ:EHTH) reported Q1 sales of $93.00 million, surpassing the analyst consensus estimate of $80.61 million by 15.37% and marking a 26.15% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:34 am

VVX

V2X (NYSE:VVX) reported Q1 2024 adjusted EPS of $0.90, up 8.43% from $0.83 YoY, with sales of $1.010B beating the $974.040M estimate, a 7.05% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:34 am

HLMN

Hillman Solutions (NASDAQ:HLMN) reported Q1 2024 adjusted EPS of $0.10, surpassing the $0.09 estimate, marking a 66.67% increase from last year. However, their sales of $350.305M fell short of the $354.934M estimate, a slight 0.17% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:32 am