Streetbeat News

Partnerships

ROKU

TTD

Roku, Inc. (NASDAQ:ROKU) shares rose after announcing new video experiences, ad solutions, and content partnerships at its IAB NewFront presentation. The company highlighted its advertising business innovation, reaching nearly 120 million people daily. New content on The Roku Channel includes series produced by Bryan Cranston and starring Ty Burrell, among others. Roku also announced a data-driven TV streaming partnership with The Trade Desk, Inc. (NASDAQ:TTD) and an expanded measurement partnership with iSpot.tv, aiming to enhance advertiser capabilities on TV streaming.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 5:06 pm

ACSI

PTON

VTI

Hyatt Hotels Corporation (NYSE:H) and Peloton Interactive Inc (NASDAQ:PTON) have partnered to integrate Peloton's fitness equipment and classes into Hyatt's global properties, enhancing the World of Hyatt loyalty program. This collaboration will feature Peloton Bikes and, in select U.S. locations, the Peloton Row at over 800 Hyatt properties worldwide. The partnership aims to cater to the growing traveler interest in health and wellness amenities. The announcement comes ahead of Peloton's Q3 earnings release, which is expected to show a 4% revenue decline. Peloton's CEO Barry McCarthy is focusing on expanding market presence through partnerships, similar to a previous deal with Hilton. Hyatt's stock has seen a 28% increase over the past 12 months, and its performance can impact investors in ACSI and VTI ETFs.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:47 pm

AMZN

GOOGL

PINS

Pinterest Inc (PINS) shares surged after reporting Q1 results surpassing expectations, driven by strong earnings, user growth, and successful ad monetization strategies. Analysts from Goldman Sachs, Roth MKM, Wedbush, Piper Sandler, and JPMorgan have raised their price targets, citing the company's product initiatives, partnerships with Amazon (AMZN) and Alphabet (GOOGL, GOOG), and improved advertising capabilities as key growth drivers. The partnerships are expected to significantly contribute to revenue momentum through 2024.

Portfolio Pulse from Priya Nigam

May 01, 2024 | 4:18 pm

AMGN

CTMX

CytomX Therapeutics, Inc. (NASDAQ:CTMX) shares surged following the announcement of its upcoming first-quarter results and an update on the CX-904 Phase 1a dose escalation study, developed in partnership with Amgen, Inc. (NASDAQ:AMGN). The update is scheduled for May 8, after market close. CTMX shares experienced heavy trading volume, significantly exceeding the 100-day average, and trading was temporarily halted due to a circuit breaker. The drug candidate CX-904 is in a Phase 1 study for advanced solid tumors.

Portfolio Pulse from Erica Kollmann

May 01, 2024 | 4:05 pm

BAM

BEP

IYW

MSFT

XLK

Microsoft Corp, Brookfield Asset Management Ltd, and Brookfield Renewable Partners LP have entered a five-year global renewable energy agreement to deliver over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030, mainly in the U.S. and Europe, with potential expansion to other regions. This move, costing over $10 billion, aims to support Microsoft's cloud services demand and grid decarbonization, setting a new record for corporate renewable electricity purchases. Microsoft's commitment to match its electricity consumption with zero-carbon energy by 2030 is reinforced by this agreement.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 3:49 pm

PSTX

Poseida Therapeutics' stock price increased following the announcement of a research collaboration and license agreement with Astellas for the development of novel convertibleCAR programs.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:48 pm

MAR

Marriott International Inc (NASDAQ:MAR) reported mixed Q1 FY24 earnings with a miss on adjusted EPS at $2.13 versus the estimated $2.17, despite beating sales growth estimates with $5.98 billion. The company saw a 6.5% year-on-year sales growth and a 4.2% increase in worldwide RevPAR. Operating margin contracted from 16.9% to 14.7%. Marriott also announced the launch of MGM Collection with Marriott Bonvoy, adding nearly 37,000 rooms. The company raised its FY24 adjusted EPS outlook but remains below analyst expectations. Shares fell by 1.03% to $233.78.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:46 pm

TGT

Starlink, Elon Musk's satellite internet service, is now available for purchase at Target Corporation (NYSE:TGT), both online and not in physical stores, with the same pricing as SpaceX. This expansion into retail, including Target, Best Buy, Costco, and Home Depot, aims to increase Starlink's customer base, which has recently surpassed 2.7 million users. Starlink's move to offer refurbished dishes and a $1 trial in select states further aims to make the service more accessible.

Portfolio Pulse from Chris Katje

May 01, 2024 | 2:20 pm

AGCO

AGCO Corporation has officially notified Tractors and Farm Equipment Limited (TAFE) on April 26 about the termination of its commercial relationships, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:32 pm

RBLX

Integral Ad Science (IAS) has announced an integration with Roblox, aiming to enhance advertising safety and effectiveness on the Roblox platform. This partnership will leverage IAS's technology to provide advertisers with improved tools for ad verification and optimization on Roblox, a popular online gaming platform.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:21 pm