Streetbeat News

Partnerships

MRVL

Marvell Technology has secured its third U.S.-based hyperscale customer, collaborating on an AI accelerator currently in design, with plans to take the product to production in 2026.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:33 pm

MRVL

Marvell Technology has gained a new U.S.-based hyperscale customer for its AI products, indicating a potential expansion in its market presence and customer base.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:27 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

Today's Market Clubhouse Morning Memo focuses on trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The analysis provides specific price levels for potential breakouts or reversals for each asset. Key economic indicators and Federal Reserve speakers' insights are expected to influence market volatility today. The memo is part of exclusive content offered to Market Clubhouse members, featuring live trading analysis and mentorship from pro trader RIPS.

Portfolio Pulse from RIPS

April 11, 2024 | 2:18 pm

MRMD

MariMed Inc. has expanded its presence in the cannabis industry by acquiring Allgreens Dispensary in Illinois and entering a marketing partnership with two iconic music venues in Boston. The acquisition, approved by the Illinois Department of Financial & Professional Regulation, marks MariMed's fifth dispensary in Illinois and is part of its strategy to consolidate its financial results and expand its retail footprint. The company also acquired operating assets in Maryland, emphasizing its strategic priority to maximize its footprint there. Additionally, MariMed's marketing partnership with MGM Music Hall Fenway and Citizens House of Blues Boston positions its Nature's Heritage brand as the exclusive cannabis sponsor, aiming to connect with music fans.

Portfolio Pulse from Jelena Martinovic

April 11, 2024 | 2:14 pm

EWY

FXI

China and the Democratic People's Republic of Korea (DPRK) have signed a mutual diplomatic visa exemption agreement, as announced by the Chinese Foreign Ministry. This development signifies a strengthening of diplomatic ties between the two countries.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:10 pm

ALPN

ANAB

ELVN

JANX

RLYB

Enliven Therapeutics announced positive Phase 1 trial data for ELVN-001, causing a 26% surge in its stock. Alpine Immune Sciences saw a 36.6% jump after an acquisition agreement with Vertex. Janux Therapeutics' shares rose 16.8% amid sale considerations. Other notable movers include Rallybio Corporation with an 89.6% gain following a collaboration with Johnson & Johnson, and AnaptysBio, which rose 11.4% after an Overweight rating from Wells Fargo.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 2:01 pm

APVO

ELYM

ENLV

RENT

RLYB

U.S. stocks traded higher with the Nasdaq gaining over 50 points following the release of March's Producer Price Index (PPI) data, which showed a 0.2% increase, below analysts' expectations of 0.3%. Rallybio Corporation announced a collaboration with Johnson & Johnson, causing its shares to surge 95%. Eliem Therapeutics announced an acquisition agreement with Tenet and a $120 million private placement, leading to a 60% increase in its shares. Rent the Runway reported mixed Q4 results but provided positive guidance, boosting its shares by 46%. Conversely, Aptevo Therapeutics and Enlivex Therapeutics saw significant drops in their share prices after announcing a public offering and Phase II trial results, respectively.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 1:41 pm

GOOG

GOOGL

IXP

META

VOX

Google, a subsidiary of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), has announced a $1 billion investment in two new subsea cables, Proa and Taihei, to enhance digital connectivity between the U.S. and Japan, including several Pacific island nations. This initiative supports broader efforts to strengthen secure and resilient networks in the Pacific, aligning with U.S. and Japanese government objectives. Partnerships with Japanese companies and others in the region are part of this strategic investment. Additionally, Google's stock and related ETFs, such as Vanguard Communication Services ETF (NYSE:VOX) and iShares Global Comm Services ETF (NYSE:IXP), could see impacts from this development.

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 1:40 pm

IAS

Integral Ad Science (IAS) has expanded its brand safety and suitability measurement on TikTok, introducing new Category Exclusion and Vertical Sensitivity Segments. This expansion allows advertisers to more effectively avoid unsuitable content, enhancing campaign safety across 62 countries and 34 languages. IAS's AI-driven Total Media Quality product leverages multimedia technology for content classification, supporting advertisers in scaling their brands on TikTok. The update includes automated suitability profiles in IAS Signal and deeper insights through Custom Report Builder, aligning with TikTok Ads Manager for improved campaign management.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:36 pm

DoubleVerify (DV) has expanded its AI-powered brand safety and suitability capabilities for TikTok advertisers by introducing 16 new content categories. This expansion supports TikTok's Inventory Filters - Vertical Sensitivity and Category Exclusion, enhancing advertisers' ability to align their promotions with suitable content. DV's Universal Content Intelligence, leveraging AI technology, powers this expansion, offering precise content classification across various sectors. This move is part of DV's ongoing partnership with TikTok, aimed at ensuring brand equity protection and maximizing campaign effectiveness.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:36 pm