Streetbeat News

Partnerships

JNJ

Johnson & Johnson (JNJ) is anticipated to report higher Q1 earnings with an EPS of $2.64, up from $2.41 year-over-year, but with a projected revenue decline to $21.40 billion from $24.75 billion. The company has also entered a collaboration with Rallybio to develop treatments for FNAIT. Analysts have provided mixed ratings and price target adjustments, with the most recent being an Overweight rating and a $215 price target by Cantor Fitzgerald.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:15 am

BLOZF

CMPS

IGC

TPB

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

BTCUSD

MANU

Gemini founders Cameron and Tyler Winklevoss invested $4.5 million in Bitcoin into Real Bedford FC, aiming to propel the team to the English Premier League. They join Bitcoin podcaster Peter McCormack as co-owners, sharing a conviction in Bitcoin's potential to support the club's ambitions. Manchester United (NYSE:MANU) was also mentioned as an example of a valuable team in the Premier League that recently secured investment from billionaire Jim Ratcliffe.

Portfolio Pulse from Chris Katje

April 15, 2024 | 9:48 pm

IONR

IPX

PLL

Piedmont Lithium received a mining permit for its Carolina Lithium project, expected to boost the U.S. EV supply chain. U.S. Steel faces opposition from senators and a national security review against its acquisition by Nippon Steel. Ioneer progresses on its Rhyolite Ridge project with an upcoming environmental review, aiming for production in 2027. IperionX signs a deal to supply titanium products, enhancing the U.S. titanium supply chain.

Portfolio Pulse from austin@walkonholdings.com

April 15, 2024 | 9:15 pm

TSLA

The Anaheim Police Department is initiating a pilot program with six Tesla Inc (NASDAQ:TSLA) Model Y vehicles as patrol cars to address a critical shortage of vehicles. This decision was influenced by the immediate availability of the Model Y and its potential to enhance public safety. The cars were prepared for service by Unplugged Performance's UP.FIT. This move reflects a broader trend towards electric vehicles in law enforcement for their cost-effectiveness and performance benefits.

Portfolio Pulse from Benzinga EV Insights

April 15, 2024 | 8:59 pm

FTI

XOM

TechnipFMC has been awarded a large subsea contract by ExxonMobil for the Whiptail project in Guyana, valued between $500 million and $1 billion. The contract includes project management, engineering, and manufacturing of 48 subsea trees, 12 manifolds, and associated equipment. TechnipFMC plans to hire and train more local staff in support of this project. The award will be recorded in Q2 2024 inbound orders.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:16 pm

AVAV

AeroVironment has entered into an exclusive teaming agreement with Parry Labs to develop a modular, next-generation long-range reconnaissance uncrewed aircraft system (UAS). The system, known as the P550 UAS, is designed for long-range missions and incorporates advanced AI and autonomy, maximum payload versatility, and rapid deployment capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:14 pm

DIS

The official Star Wars Twitter account announced a crossover event with Fortnite, starting May 3, featuring new content and potential in-game items like lightsabers and a Chewbacca skin. Reliable leaks suggest exciting additions, enhancing the collaboration's anticipation. This event underscores the ongoing partnership between Epic Games and Walt Disney Company's Star Wars franchise.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 7:52 pm

AMZN

GOOG

RDDT

Needham analyst Laura Martin initiated coverage on Reddit Inc (NYSE:RDDT) with a Buy rating and a price target of $55, highlighting its value for AI training and brand strategy. Alphabet Inc's Google and potential AWS deals underscore Reddit's critical role in AI development. Martin emphasizes Reddit's unique data collection as a significant asset for LLM training and social listening, positioning it for growth in advertising and data licensing. Goldman Sachs analyst Eric Sheridan gave Reddit a Neutral rating with a $40 price target, noting its leverage in digital advertising, AI, and the creator economy.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:14 pm

AMZN

APPN

Appian has entered into a strategic collaboration with AWS to enhance end-to-end process automation by integrating Appian's AI and Data Fabric with Amazon Bedrock's large language models and Amazon Sagemaker's machine learning capabilities. This partnership aims to leverage generative AI for Appian's Data Fabric.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:02 pm