Streetbeat News

Partnerships

DTSS

Datasea Inc. (NASDAQ:DTSS) has entered into a Manufacturing Cooperation Agreement with Broadway Precision Technology, Ltd., a subsidiary of Shanghai Yongli Belt Industry Co., Ltd. (300230.SZ), to accelerate the production and deployment of its hi-tech intelligent acoustic deodorization and disinfection products. This agreement aims to support product orders under negotiation with major customers and expand market presence in the U.S. and China. Datasea's products feature ultrasonic core modules for odor removal, sterilization, and air purification. The company has also established partnerships for U.S. distribution and is in discussions with large customers such as hotels and schools.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 2:02 pm

CRWD

GSG

LDOS

PCAR

On CNBC's 'Halftime Report Final Trades,' experts highlighted their top stock picks, including iShares S&P GSCI Commodity-Indexed Trust (GSG), Leidos Holdings (LDOS), CrowdStrike Holdings (CRWD), and PACCAR Inc (PCAR). GSG was chosen for its potential due to China's commodity consumption. LDOS was noted for a recent $158 million U.S. Air Force contract. CRWD's pick was based on its growth in cybersecurity, especially after partnering with NVIDIA (NVDA) to enhance its solutions. PCAR was selected following positive analyst ratings from UBS and Truist Securities.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 1:58 pm

DDOG

LEU

LLY

MRVL

ONON

SOFI

Jim Cramer shared his views on several companies on CNBC's 'Mad Money Lightning Round.' He described Marvell Technology's recent quarter as mixed and highlighted its partnership with TSMC. Cramer recommended Datadog, calling it a 'dynamite' company despite its high price. He labeled Centrus Energy as speculative and preferred the upcoming GE spinoff, Vernova. Cramer criticized Altimmune, suggesting Eli Lilly as a better option, and preferred RadNet over Lantheus Holdings. He expressed disappointment with SoFi Technologies due to its convertible bond issue and remained undecided on On Holding AG.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 1:55 pm

IYG

XLF

Mastercard Inc (NYSE:MA) partners with Alibaba's Ant Group affiliate Alipay to enhance cross-border remittance services, targeting over a billion users in China. This collaboration expands Mastercard's presence in the Chinese market, where it also formed a joint venture with NetsUnion Clearing Corp, receiving a bank-card clearing license. Mastercard's Q4 fiscal 2023 net revenues were $6.55 billion, up 13% Y/Y, with an adjusted EPS of $3.18. MA stock gained over 37% last year, and investors can also gain exposure through IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Anusuya Lahiri

March 19, 2024 | 1:42 pm

ENVB

Enveric Biosciences (NASDAQ:ENVB) shares surged after the company announced signing two non-binding term sheets with an undisclosed biotech company for out-licensing cannabinoid-COX-2 conjugate compounds for joint diseases. These agreements could potentially bring Enveric up to $82 million in milestone payments, plus royalties on future sales. The deals cover both pharmaceutical and non-pharmaceutical applications, with responsibilities for product development shifting to the licensee.

Portfolio Pulse from Vandana Singh

March 19, 2024 | 1:34 pm

TYL

Tyler Technologies, Inc. (NYSE:TYL) has been selected by Jackson Public Schools in Mississippi to implement its Enterprise ERP solution, powered by Amazon Web Services (AWS). This cloud-based system will integrate financial management, payroll, HR, and other functions to enhance efficiency and streamline operations for the state's third-largest school district.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:19 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading mixed amid a wider market correction, with predictions of Bitcoin rallying to $160K. In the US market, DLocal reported mixed Q4 results, joining other stocks moving lower. Global and US political developments include discussions on property seizures, social media censorship, and international tensions. The US and world economy show signs of strength and challenges, with rate changes and legal issues for companies like Evergrande. In tech, AI's impact on companies like Apple, Nvidia, and Tesla is highlighted, alongside discussions on electric vehicles and cybersecurity collaborations. Consumer, communication, industrial, and healthcare sectors also saw significant news.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 1:17 pm

QCOM

Qualcomm has garnered support from various PC manufacturers and supply chain entities for its AI CPUs, with plans to introduce new AI PC solutions in the current year, as reported by industry sources.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:15 pm

PTPI

Petros Pharmaceuticals, Inc. (NASDAQ:PTPI) has announced the successful launch of an AI tool developed in collaboration with a major software provider, aimed at optimizing self-screening for STENDRA (avanafil), an erectile dysfunction medication in development for OTC status. The AI tool is part of a Human Factors study designed to assess the safety and effectiveness of the web app used for patient self-screening, in line with FDA guidance. The company believes this AI integration will address FDA requests and help achieve significant clinical milestones for STENDRA.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:04 pm

FRSX

Foresight Autonomous Holdings Ltd. (FRSX), through its subsidiary Eye-Net Mobile Ltd., has secured an additional order from a leading Japanese vehicle manufacturer for a development project aimed at integrating Eye-Net's V2X communication technology, Eye-Zone™, into the manufacturer's ADAS systems. This follows the successful completion of initial phases of a proof-of-concept project demonstrating the technology's potential benefits for automotive safety and communication.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:44 pm