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XPEV

At CES 2024, several companies are showcasing new technologies and products. NVIDIA Corporation (NVDA) announced new products and partnerships. Walmart Inc (WMT) will discuss using technology in retail's future. Intel Corporation (INTC) will focus on making AI more accessible. Honda Motor Co Ltd (HMC) plans to reveal a new electric vehicle series. XPeng Inc (XPEV) will present its flying car unit. Netflix Inc (NFLX) will promote its upcoming series 'The Three-Body Problem' with an immersive experience.

Portfolio Pulse from Chris Katje

January 08, 2024 | 11:58 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported a 10% increase in net sales for the two months ended Dec. 31, 2023, and an 8% increase for the 11 months compared to the previous year. The Retail segment saw an 8% increase, with comparable sales up 6%. The company also opened 26 new retail locations. Shea Jensen is set to join as president of Urban Outfitters Brand, North America. Following the news, URBN shares rose 5.82% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 08, 2024 | 10:23 pm

DENN

Denny's Corporation (NASDAQ:DENN) has entered into an agreement with Franklin Junction to partner with at least 250 domestic Denny's restaurants. This partnership aims to expand Denny's market presence through Franklin Junction's Host Kitchen platform, which allows for capital-free expansion of virtual restaurants. The collaboration is expected to enhance Denny's off-premises sales channels and deliver more guest experiences.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:20 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) shares declined on Monday, retracting from a recent high after announcing a partnership with TikTok. The stock had gained on the news of the partnership, which is part of Peloton's rebranding efforts to become a universal fitness company and attract a diverse customer base. Despite the initial positive reaction, rising yields affecting the consumer discretionary sector and broader market pressures led to a sell-off, with Peloton's shares trading over 5% lower on heavy volume.

Portfolio Pulse from Ryan Gustafson

January 08, 2024 | 9:18 pm

ACN

Accenture has announced the establishment of Generative AI Studios in nine countries across Asia Pacific and Latin America. This move is in response to the increasing interest from clients in generative AI technology.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:00 pm

NKTX

Nkarta Inc. shares have risen following the company's announcement of an updated corporate presentation, which includes recent business and strategic updates.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:39 pm

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