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Marketing

FAT

SIX

FAT Brands Inc. is expanding its partnership with Six Flags by introducing Hurricane Grill & Wings to Six Flags Great Escape Lodge in Queensbury, New York. This marks the third FAT Brands' restaurant concept to enter Six Flags properties, following Fatburger and Johnny Rockets. The new location represents FAT Brands' commitment to growth in non-traditional venues and expands Hurricane Grill & Wings' presence in New York state.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:07 pm

CHH

Choice Hotels International, Inc. (NYSE:CHH) announced the relaunch of Park Inn by Radisson during its 68th Annual Convention. This move, following the acquisition of Radisson Hotels Americas in 2022, aims to reposition Park Inn into the premium value conversion space, targeting younger, value-conscious travelers. The relaunch emphasizes a guest experience filled with color, connectivity, and convenience, offering features like fast Wi-Fi, smoke-free environments, and grab & go breakfast options. The first contract under the relaunched brand has been awarded in San Antonio, Texas, with high interest for future expansion. Choice Hotels now leverages its global reservation channels and franchisee support for the Radisson Hotels Americas brands, enhancing digital traffic and bookings while reducing OTA fees. Park Inn by Radisson will also integrate into the Choice Privileges rewards program, offering points that can be redeemed at over 7,000 Choice-branded hotels.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:06 pm

TSLA

S&P lowered Tesla's governance score due to concerns over Elon Musk's dominant role and key-person risk, despite affirming its 'BBB' credit rating. The downgrade was influenced by Musk's significant influence, the company's lawsuit exposures, and board ineffectiveness. S&P suggests increasing board independence to mitigate risks. Despite these governance concerns, Tesla's strong market position and liquidity were highlighted, with expectations of sustained EBITDA margin strength. Tesla's price cuts to maintain market share, efficiency improvements, and strategic initiatives like supercharger network access and software licensing are expected to support its competitive advantage.

Portfolio Pulse from Anan Ashraf

May 02, 2024 | 1:00 pm

WLDS

Wearable Devices Ltd. (WLDS) has been invited to present its AI-powered touchless sensing wearables at the Samsung Global Sourcing Fair 2024 in South Korea. This event offers a significant opportunity for Wearable Devices to showcase its gesture control technology, the Mudra Band, to Samsung's senior management and explore potential collaborations. The technology enables users to control digital devices through natural finger movements, promising to make interactions with digital worlds more intuitive and efficient.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:45 pm

GLOB

Globant and Formula 1 have announced a multi-year partnership until 2026 to enhance digital experiences for F1 teams and fans. Globant will focus on improving the pit wall system and the fan experience mobile app. This partnership marks Globant as an Official Partner of Formula 1, leveraging its global presence and technology expertise to innovate F1's IT systems and products.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:36 pm

EEIQ

EpicQuest Education Group International Limited (NASDAQ: EEIQ) announced four agreements aimed at increasing enrollment and revenue at EduGlobal College and Davis University. These agreements with Saint Paul International Academy and Hetu Education Technology focus on global recruiting and improving academic programs to attract more students. The initiatives are part of EEIQ's strategy to internationalize and expand its educational services globally. The MOUs with Saint Paul aim to recruit for an online dual degree program, while those with Hetu Education target transfer students and aim to improve GPAs of university students.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:33 pm

AAPL

QQQ

SPY

Apple, Inc. (NASDAQ:AAPL) is set to announce its FY 2024 Q2 results amid expectations of a revenue decline and flat bottom-line performance compared to the previous year. The company faces challenges from a weak iPhone uptake, competition from Huawei, and a lackluster iPhone 15 upgrade cycle. Despite a 16% drop in shipments and a decrease in market share, analysts from Morgan Stanley and bullish analyst Daniel Ives predict slight improvements and emphasize the potential impact of an AI-driven iPhone 16. Upcoming events and the company's AI strategy could influence stock performance. Apple's stock has seen a 1.09% increase in premarket trading but has fallen 12% year-to-date, contrasting with gains by QQQ and SPY ETFs.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 12:19 pm

BIAF

bioAffinity Technologies, Inc. (NASDAQ:BIAF) reports a 21% increase in April sales of CyPath Lung, a noninvasive diagnostic test for early lung cancer detection, with expansion outside Texas. The company also announces new hires to support sales and patient coaching, and plans to present research at the ATS International Conference.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:15 pm

TSLA

Mark Hawtin of GAM Investments expressed concerns about Tesla Inc.'s fundamentals and demand, despite its stock surge. He cited increasing competition in the EV market and potential issues from Tesla's aggressive price cuts. Tesla's Q1 earnings showed a 9% revenue decrease year-over-year, missing estimates, and the company announced layoffs as part of cost-cutting measures. Skepticism also surrounds Tesla's robo-taxis viability and its full self-driving software rollout in China.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 12:12 pm

ALUR

Allurion Technologies, Inc. (NYSE:ALUR) announced its participation in the IFSO-European Chapter 2024 with three presentations showcasing the long-term effectiveness of its weight loss program and the initial positive outcomes of its AI-powered conversational agent, Coach Iris. The data revealed 80% sustained weight loss over three years and high satisfaction rates with Coach Iris, emphasizing its personalized and trustworthy approach.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:08 pm