Streetbeat News

Marketing

MCD

The number of cannabis dispensaries in the US has surpassed McDonald's locations, reflecting changing attitudes towards cannabis. Over half of Americans live in areas allowing recreational use, with nearly 15,000 dispensaries nationwide. Challenges include competition with the illicit market and high taxes. The Benzinga Cannabis Capital Conference in Florida will address these issues and opportunities in the cannabis industry.

Portfolio Pulse from Abbey Higginbotham

March 25, 2024 | 1:04 pm

AMD

BA

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

LCFY

YEXT

Locafy Limited, in collaboration with Yext, announced the launch of Hotfrog Proximity Page, a new application designed to enhance online presences and drive website traffic for businesses. This application integrates Yext's digital presence platform with Locafy's SEO technology, allowing for the creation of dynamic, SEO-optimized landing pages. The application is currently being piloted with a broader rollout expected in 2024. Locafy CEO Gavin Burnett highlighted the application's potential to improve online visibility and consistency across platforms.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:37 pm

SNN

Smith+Nephew (NYSE:SNN), a global medical technology company, has become the Preferred Sports Medicine Technology Partner of UFC. This multi-year partnership will leverage UFC's global presence to promote Smith+Nephew's advanced sports medicine technologies for injury repair, regeneration, and recovery. The partnership includes brand activation through UFC's digital and social channels, a branded presence in UFC Performance Institutes, and a Brand Ambassador fund for campaigns with UFC athletes.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:15 pm

CPAY

FLEETCOR Technologies, Inc., a leading global payments company, has rebranded to Corpay, Inc. This change aims to better reflect its portfolio of corporate payment solutions. The company will now trade on the NYSE under the new ticker symbol CPAY, with a new CUSIP of 219948 106.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:05 pm

ACN

ADBE

Accenture and Adobe have announced a collaboration to co-develop generative AI solutions aimed at accelerating marketing transformation. This partnership is designed to assist organizations in transitioning from experimenting with generative AI to adopting it at scale, indicating a significant step forward in the integration of AI technologies in marketing strategies.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:03 pm

NICE

NICE has introduced NICE Enlighten XM, a new addition to its customer experience AI solution, Enlighten. This advancement utilizes large language models to deeply personalize customer journeys by leveraging extensive data memory.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:44 am

AAPL

VGT

XLK

Apple Inc (AAPL) is planning to launch its Vision Pro headset in China within the year, as announced by CEO Tim Cook. The headset, priced at $3,500 in the US, marks Apple's entry into the virtual and augmented reality market. Despite a 24% drop in iPhone sales in China and a 13% decrease in revenue to $20.8 billion in the December quarter, Apple remains optimistic about the Chinese market. The stock can be accessed through ETFs like Vanguard Information Tech ETF (VGT) and SPDR Select Sector Fund - Technology (XLK). AAPL shares saw a slight decrease of 0.35% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 11:34 am

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) unveiled Zoom Workplace, an AI-powered collaboration platform, along with new AI Companion features for Zoom Phone and enhancements to Zoom Contact Center. These updates aim to reimagine teamwork and improve customer relationships through AI-powered insights.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:03 am

AAPL

XIACF

Xiaomi has launched a car app on Apple's App Store in China, with the CEO stating the goal for their car is to be the best looking, easiest to drive, and smartest vehicle priced below 500,000 Yuan (~$69,000).

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:18 am