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EH

KOMP

EHang Holdings Limited (NASDAQ:EH) shares rose after receiving the Production Certificate for its EH216-S eVTOL aircraft from the Civil Aviation Administration of China, marking a significant step towards mass production and commercial operations. This follows previous achievements including the Type Certificate and Standard Airworthiness Certificate. EHang's progress is seen as pioneering in the UAV sector. Additionally, EHang recently established Japan's first Urban Air Mobility Center. Investors can also gain exposure through the SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:51 am

DJT

DWAC

Trump Media & Technology (NASDAQ:DJT) CEO Devin Nunes defended the company's financial status amid criticism, highlighting its no-debt position and $200 million in the bank despite a $58 million loss in 2023. The company, which recently went public via a merger with Digital World Acquisition Corp. (DWAC), faced a stock price drop following the disclosure of its financial losses.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 10:48 am

BTCUSD

A Bitcoin whale, inactive for eight months, transferred $74.3 million worth of Bitcoin to Binance and still holds $597.55 million in Bitcoin. Grayscale reduced its Bitcoin holdings by $77.34 million, now holding $21.9 billion, while BlackRock increased its holdings by $138.16 million, now at $17.38 billion. BTC's price is slightly up at $69,807.

Portfolio Pulse from Mehab Qureshi

April 08, 2024 | 10:38 am

AZZ

AZZ Inc. (NYSE:AZZ) has updated its FY25 financial guidance, increasing its sales forecast to $1.525B-$1.625B from the previous $1.5B-$1.6B, and its adjusted EPS to $4.50-$5.00 from $4.25-$4.75. This revision reflects a positive outlook for the fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:36 am

INZY

Inozyme Pharma, Inc. (NASDAQ:INZY) announced positive topline data from ongoing Phase 1/2 clinical trials of INZ-701 for treating ABCC6 Deficiency (PXE) and ENPP1 Deficiency. The data includes safety, pharmacokinetic (PK), pharmacodynamic (PD), and exploratory efficacy results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:31 am

EOG

TTE

TotalEnergies SE (NYSE:TTE) has acquired a 20% stake in the Dorado leases in the Eagle Ford shale gas domain from Lewis Energy Group, increasing its natural gas production capacity in Texas. This acquisition, making TotalEnergies a partner with EOG Resources, Inc. (NYSE:EOG) which holds the remaining 80%, is expected to boost TotalEnergies' net U.S. natural gas production by 50 million cubic feet a day (Mcf/d) in 2024, with potential for an additional 50 Mcf/d by 2028. TotalEnergies, the leading exporter of U.S. LNG in 2023, aims to expand its LNG export capacity to 15 Mt per year by 2030 with the Rio Grande LNG project. However, the company also announced a delay in the final investment decision (FID) for a new LNG project in Papua New Guinea to 2025.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:30 am

BJ

Goldman Sachs analyst Kate McShane upgraded BJ's Wholesale Club (NYSE:BJ) from Neutral to Buy and increased the price target from $81 to $87, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:17 am

PERI

Perion Network's shares dropped following the company's announcement of reduced FY24 revenue guidance and a Q1 outlook that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:16 am

EGH

TKO

Endeavor Group Holdings, Inc. and its subsidiary TKO Group Holdings, Inc. have announced significant stock transactions with Vincent McMahon, totaling over $311M. Endeavor will purchase 1,642,970 shares of TKO's Class A common stock for $146.2M, expected to close by April 9, 2024. TKO will buy back 1,853,724 shares from McMahon for $165M, planning to retire these shares post-purchase, expected to close by April 10, 2024. TKO will finance this buyback with $150M in borrowings and cash on hand.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:12 am

DCO

Ducommun shares surged following the company's confirmation of receiving an unsolicited non-binding indication of interest at $60 per share from Albion River LLC.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:11 am