Streetbeat News

Acquisitions Mergers

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has partnered with a global consultancy firm to develop a strategic plan for its Vulnerable Road User (VRU) solution, which enhances Advanced Driver Assistance System sensors. The plan may include a spin-off of the VRU business. The technology aims to improve road safety by detecting pedestrians and cyclists through their cellphone signals, even in challenging conditions.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 12:54 pm

AMZN

BNAI

CAVA

CMG

COF

DFS

NVDA

PLTR

SHOP

Jim Cramer expressed his preference for Amazon over Shopify but recommended sticking with both. He praised Shopify's Q4 revenue growth and EPS, and also recommended Capital One, highlighting its acquisition of Discover Financial. Cramer supported CAVA Group, citing its recovery and favoring Chipotle as the top choice. He endorsed Palantir for its Q4 sales and dismissed Brand Engagement Network in favor of Nvidia. The article also noted recent stock movements for Shopify, Capital One, Palantir, CAVA, and Brand Engagement Network.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 12:43 pm

AAPL

AMZN

COIN

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are on the rise after the Federal Reserve held rates steady, with predictions of Bitcoin reaching $500K. Amazon is enhancing delivery speeds to compete with Alibaba rivals Temu and Shein. Coinbase is set to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash. In the US, market sentiment improves post-Fed decision, and political tensions rise with discussions on Trump's potential return to power. Globally, tensions between the US, China, and Taiwan are highlighted. In tech, Amazon competes in delivery, Apple faces legal challenges, and Meta criticizes Apple's legal evasion. The electric vehicle and healthcare sectors also see significant developments.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 12:42 pm

DTST

Data Storage Corporation (NASDAQ:DTST) has been selected by a major U.S. insurance company for cloud migration, hosting, and managed services through its CloudFirst Solutions subsidiary. This project involves migrating a division's data center to the cloud and implementing advanced security solutions. The selection was based on DTST's reliable data circuits and proven track record with Fortune 500 and financial services companies. This partnership is expected to provide high-margin, recurring revenue and may expand to more divisions and geographies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:34 pm

WBX

Wallbox (NYSE:WBX) and Bidirectional Energy have been awarded $2.2M by the California Energy Commission for a project involving the installation of Wallbox's Quasar 2 bidirectional chargers in 120 California homes. These chargers, managed by Bidirectional Energy's VPP platform, aim to provide energy backup, reduce utility bills, and offer financial rewards by leveraging vehicle-to-grid technology. The project supports California's clean energy goals and the transition to renewable energy, with potential savings for users exceeding $1,000 annually.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:33 pm

CNXA

Connexa has entered into an agreement to acquire a 70% stake in Yuanyu Enterprise Management Co., Limited for a combination of cash and shares, with the total transaction valued at $56 million.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:32 pm

RDDT

Reddit, Inc. (NYSE:RDDT) is set to debut on Wall Street with its IPO priced at $34 per share. Gene Munster expressed concerns over the pricing, suggesting it overlooks fundamentals and is high compared to peers like Snap and Pinterest. Munster highlighted Reddit's smaller user base and modest AI revenue. Despite his skepticism, others like Daniel Ives from Wedbush see the IPO as a significant opportunity, especially with positive market sentiment following Federal Reserve's rate cut hints.

Portfolio Pulse from Shanthi Rexaline

March 21, 2024 | 12:18 pm

AAPL

MSFT

Apple Inc is in talks with Google to integrate Google's generative AI model, Gemini, into the next iPhone, aiming to enhance AI features. Microsoft Corporation has hired AI pioneer Mustafa Suleyman to lead its consumer-oriented Copilot business, further deepening its AI focus. These moves by Apple, Google, and Microsoft underscore the competitive landscape in AI technology among big tech companies.

Portfolio Pulse from Upwallstreet

March 21, 2024 | 12:14 pm

APO

NFLX

PARA

PEJ

RSPC

Apollo Global Management Inc (APO) has offered $11 billion to buy Paramount Global's (PARA, PARAA) film and TV studio, surpassing Paramount's market value of $7.7 billion. The bid is part of a review by Paramount's independent committee, which is also considering a merger with Skydance Media. Paramount, known for hits like 'Top Gun: Maverick', has seen interest from various buyers, including Netflix Inc (NFLX). Paramount's stock rose following Apollo's bid announcement. Other strategic options for Paramount include talks with Warner Bros. Discovery Inc (WBD) and a potential partnership with Comcast Corp (CMCSA). Paramount's stock can be accessed through Invesco ETFs (RSPC, PEJ).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 12:03 pm

BNZI

Banzai International, Inc. (NASDAQ:BNZI) announced the acquisition of 200 customers in February 2024, including 133 new and 67 reactivating customers. The company's growth is attributed to its strong execution across healthcare, consulting, and financial services sectors. Notable new customers include Enovis, Fluence, Onsi, Applied Value Group, Nsight, Quickparts, and ComboCurve.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:02 pm