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NVDA

SERV

Serve Robotics Inc (NASDAQ:SERV) shares are trading higher due to continued momentum after Nvidia Corp (NASDAQ:NVDA) disclosed a 10% stake in the company. Nvidia converted a promissory note into shares, leading to a significant price increase for SERV. The stock is also gaining attention from retail traders.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:27 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) shares are trading higher after a significant drop due to a $200 million common stock offering. Despite bearish analyst ratings, the stock is rebounding, likely due to broader market momentum.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:27 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after the company announced that its cannabis cultivation facility in Germany received the first new cannabis cultivation license under Germany’s new Cannabis Act. This development is expected to positively impact the company's operations and patient care in Germany.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:26 pm

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Cannabis sales are booming in states like California and Michigan, with significant contributions from public companies such as Ascend Wellness Holdings, Grown Rogue International, TerrAscend Corp., and Red White & Bloom Brands. Michigan has surpassed California in unit sales, while Illinois, Massachusetts, and Missouri also report strong sales figures.

Portfolio Pulse from Jelena Martinovic

July 22, 2024 | 1:26 pm

HAL

Halliburton Company (NYSE:HAL) reported worse-than-expected Q2 2024 revenue results, missing consensus estimates. Despite flat Q/Q revenue in key segments, international revenue saw a slight increase. Analysts have lowered their price targets, leading to a 5.6% drop in share price.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 1:23 pm

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Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:20 pm

HEPA

Hepion Pharmaceuticals Inc (NASDAQ: HEPA) has entered into a definitive merger agreement with Pharma Two B Ltd., an Israeli company developing a Parkinson's Disease drug. The merger is valued at approximately $58.5 million, and the combined company will operate under the 'Pharma Two B' name. Pharma Two B will file a registration statement with the SEC and apply to list its shares on Nasdaq under the ticker symbol 'PHTB'. Hepion also announced a $2.9 million private placement of non-convertible senior notes, while Pharma Two B secured an $11.5 million private placement of shares and warrants. HEPA stock is up 1.96% at $1.04 in premarket trading.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 1:19 pm

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Top Wall Street analysts have updated their outlooks on several major stocks. Notable changes include downgrades for Lennar Corporation, Chuy’s Holdings, Comerica Incorporated, and Redwire Corporation, while NVIDIA Corporation and International Flavors & Fragrances Inc. received upgraded price targets. The S&P 500 logged its worst weekly decline since April, reflecting decreased investor optimism.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 1:17 pm

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Johnson & Johnson has halted the development of its epilepsy drug candidate ADX71149 after disappointing Phase 2 data. This decision has significantly impacted Addex Therapeutics, whose stock dropped nearly 50%. The partnership between the two companies continues as they analyze the full data set.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 1:15 pm

NVNI

Nuvini Group has been added to the Russell Microcap Growth Index, Russell 3000E Index, Russell Microcap Growth Value Index, and Russell 3000E Value Index.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:15 pm