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SONM

Sonim Technologies has announced that its Board of Directors has approved a 1-for-10 reverse stock split, which will be effective at 5:00 PM EST on July 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:08 pm

CLDX

Celldex Therapeutics has initiated a global Phase 3 clinical trial for Barzolvolimab, targeting patients with Chronic Spontaneous Urticaria. This marks a significant milestone in the company's drug development pipeline.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:03 pm

GENE

Genetic Technologies Limited (NASDAQ: GENE) has appointed Mark Ziirsen as its new Chief Financial Officer and Company Secretary. Ziirsen brings over 25 years of experience in finance leadership roles across various industries, including life sciences and technology.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:02 pm

SNAP

Analysts have provided mixed ratings for Snap (NYSE:SNAP) in the latest quarter, with a notable increase in price targets. The average 12-month price target is now $15.0, up from $13.11. Snap's financial health shows strong revenue growth but challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 12:02 pm

DWAC

Trump Media & Technology shares are trading lower amid a possible selloff. The stock had gained previously following the attempted assassination of former President Trump.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:01 pm

PLTR

Nine analysts have provided mixed ratings for Palantir Technologies (NYSE:PLTR) over the past quarter. The average 12-month price target has increased to $23.0, with a high of $35.00 and a low of $9.00. Recent ratings include a mix of 'Underperform', 'Sell', 'Buy', 'Hold', and 'Neutral'. Palantir has shown strong revenue growth and net margins but lags in return on equity.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 12:01 pm

TSLA

Tesla CEO Elon Musk voiced against the $7,500 federal EV tax credit, stating that removing subsidies would benefit Tesla. This comes amid Musk's support for Trump and VP pick JD Vance, who proposed eliminating EV subsidies. Despite Musk's stance, Tesla has benefited from subsidies in the past.

Portfolio Pulse from Anan Ashraf

July 16, 2024 | 11:58 am

AAPL

INTC

IVW

NVDA

TSLA

VGT

Nvidia Corp (NASDAQ:NVDA) continues its rally in 2024, with a 167% YTD surge. Despite this, DNB Asset Management trimmed its Nvidia holdings while increasing stakes in Apple Inc (NASDAQ:AAPL), Tesla Inc (NASDAQ:TSLA), and Intel Corp (NASDAQ:INTC). Nvidia faces a French competition authority investigation and skepticism from NYU Professor Aswath Damodoran. Investors can gain exposure to Nvidia through Vanguard Information Tech ETF (NYSE:VGT) and iShares S&P 500 Growth ETF (NYSE:IVW).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 11:57 am

AAPL

TSM

Apple Inc. (NASDAQ:AAPL) is expected to delay the use of Taiwan Semiconductor's (NYSE:TSM) 2nm chip technology for its iPhone 17 series, opting instead for a refined 3nm chip. This decision is influenced by production delays and Apple's focus on a thinner iPhone design.

Portfolio Pulse from Rounak Jain

July 16, 2024 | 11:57 am

MS

Morgan Stanley shares are trading lower following Q2 financial results. The stock initially gained following the report but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:56 am