Streetbeat News

Marketing

CMCSA

DIS

DKNG

FOX

FOXA

PARA

PARAA

The NFL Playoffs are set to begin, with media companies like Comcast, Paramount Global, Fox Corporation, and Walt Disney Co broadcasting the games. DraftKings Inc provides betting odds, including for a potential Super Bowl LVIII matchup predicted by Electronic Arts' Madden 24 game. The top seeds are the San Francisco 49ers and Baltimore Ravens, with the Detroit Lions, Houston Texans, and Cleveland Browns seeking their first Super Bowl appearances. Super Bowl LVIII ads are selling for $6-7 million for a 30-second slot, indicating high revenue potential for the broadcasters.

Portfolio Pulse from Chris Katje

January 08, 2024 | 6:29 pm

GOLF

MODG

NKE

ONON

Tiger Woods has ended his 25-year sponsorship with Nike Inc (NKE), causing speculation about his next partnership. Rumors of Woods joining On Holding Ag (ONON) led to an 8% stock increase, which fell 4% after the company denied the rumors. Shares of Topgolf Callaway Brands Corp (MODG) and Acushnet Holdings Corp (GOLF) rose amid speculation that Woods might sign with them. The new deal is expected to be costly due to Woods' popularity in golf.

Portfolio Pulse from Aaron Bry

January 08, 2024 | 5:15 pm

AMZN

PCRFY

Panasonic Holdings is collaborating with Amazon to create smart TVs that recommend content based on user viewing history. Showcased at CES, the OLED model with Amazon's Fire TV will launch in Japan and Europe in spring. The TVs will also aim to integrate with in-vehicle displays and smartphones for a seamless content experience. Despite a 5% decline in global flat-screen TV shipments in 2022, Panasonic is innovating to compete with market leaders like Samsung and Hisense.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 5:06 pm

Home Depot Inc (NYSE:HD) announced at CES 2024 the launch of new smart home devices, expanding its technology offerings. The retailer, known for home improvement and appliances, is responding to consumer demand for affordable and easy-to-use smart home products. The Hubspace app, launched in 2021, controls these devices and is compatible with over 150 devices, including Amazon Alexa and Google Home. Home Depot's strategy is to capture market share from the mass market interested in smart home technology but deterred by high costs and complex installation.

Portfolio Pulse from Chris Katje

January 08, 2024 | 4:59 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) shares surged after the company updated its Q4 and FY2023 guidance, raising net sales and operating margin outlooks. Q4 net sales are now expected to grow in the high-teens, with an operating margin of around 15%, up from the previous 12%-14% range. FY23 net sales outlook increased to 14%-15% growth from 12%-14%, and operating margin is anticipated to be around 11%, up from 10%. CEO Fran Horowitz attributed the positive adjustment to strong customer response to product assortments and marketing. The company believes these results will exceed the Always Forward Plan 2025 financial targets ahead of schedule. ANF shares rose by 7.77% to $97.57.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 4:54 pm

AAPL

META

Apple Inc's (AAPL) Apple Vision Pro and Meta Platforms' (META) Meta Quest 3 are competing in the virtual reality space. Apple's device focuses on spatial computing with visionOS, while Meta's headset emphasizes VR experiences with hardware upgrades and mixed reality capabilities. The market anticipates the impact these devices will have, as they represent different approaches to immersive technology.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 4:40 pm

GETY

Getty Images (NYSE:GETY) has launched Generative AI by iStock at CES, powered by NVIDIA Picasso. This tool allows businesses to create AI-generated marketing visuals with legal protection. It integrates with iStock's library and offers $10K USD legal coverage for licensed visuals. The AI tool is designed to avoid copyrighted elements and is available in over 75 languages.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:33 pm

NVDA

NVIDIA announced new GeForce RTX SUPER desktop GPUs, AI laptops, and AI software and tools for RTX PCs and workstations at CES. These offerings aim to enhance PC experiences with generative AI, including text-to-image workflows and large language models (LLMs). The company highlighted the importance of generative AI in transforming industries and gaming. New GeForce RTX 40 SUPER Series graphics cards were introduced, promising significant AI performance improvements. NVIDIA also announced AI Workbench for developers, RTX-accelerated AI models, and new PC developer tools. Upcoming releases include RTX Remix for game remastering, ACE microservices for digital avatars, and Chat with RTX for interacting with LLMs on PCs.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:19 pm

NKE

Tiger Woods hints at a new chapter in his partnership with Nike (NKE) in a recent tweet, suggesting a continuation of their long-standing collaboration and possibly new ventures or products to be unveiled in Los Angeles.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:12 pm

AAPL

GOOGL