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Partnerships

NSANY

TSLA

Honda Motor Co Ltd (NYSE:HM) is intensifying its EV efforts in China by launching a new EV brand named Ye and planning to release six next-generation EVs by 2027, aiming for all its China sales to be EVs by 2035. Honda is considering a strategic partnership with Nissan Motor Co Ltd (OTC:NSANY) for key EV components and software. Nissan plans to mass-produce next-generation EV batteries by 2029 and adopt Tesla Inc's (NASDAQ:TSLA) gigacasting manufacturing process. Honda also unveiled its 'Honda 0 Series' EVs for global markets, starting in North America in 2027.

Portfolio Pulse from Upwallstreet

April 16, 2024 | 5:54 pm

MSOS

YOLO

At Benzinga's Capital Cannabis Conference, Vahan Ajamian, a Capital Markets Advisor for High Tide, discussed the company's strategy on diversification, emphasizing the focus on diversifying products while targeting the same consumer base. The conference also offers live access for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:13 pm

VSTO

CSG addressed Senator J.D. Vance's concerns about its acquisition of The Kinetic Group, formerly Vista Outdoor's Sporting Products business, refuting claims of wrongdoing and ties to Putin's regime. CSG highlighted its support for Ukraine, cooperation with the U.S. military, and partnerships with defense corporations like General Dynamics and Raytheon. CSG emphasized its long-term investment strategy and expertise in the ammunition market, inviting Vance to visit its facilities.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:11 pm

AMZN

DIS

DKNG

FLUT

PARA

SSP

Caitlin Clark, a standout from Iowa, was selected as the No. 1 pick in the 2024 WNBA Draft by the Indiana Fever, sparking expectations of increased viewership and betting interest. The Fever, aiming to return to the playoffs, will benefit from Clark's high profile, as will media partners like Disney, E.W. Scripps Company, Paramount Global, and Amazon.com Inc, with more games televised. Sportsbooks like DraftKings Inc and Flutter Entertainment's FanDuel are also seeing heightened interest, with favorable odds for the Fever and Clark.

Portfolio Pulse from Chris Katje

April 16, 2024 | 4:37 pm

BNED

CLDI

JAGX

PACB

PALI

WISA

Morgan Stanley reported better-than-expected Q1 earnings with revenues of $15.1 billion and EPS of $2.02, surpassing consensus estimates. U.S. stocks showed mixed performance, with the Nasdaq Composite down 0.2%. Health care shares rose by 0.2%, while real estate shares fell by 1.8%. Jaguar Health, WiSA Technologies, and Palisade Bio saw significant stock increases due to new agreements and analyses. Conversely, Barnes & Noble Education, Calidi Biotherapeutics, and Pacific Biosciences faced sharp declines due to a shareholder rights plan, public offering pricing, and weak guidance, respectively.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 4:11 pm

INTC

Intel has announced its support for an open platform for enterprise artificial intelligence (AI), aiming to foster innovation and ease of use in AI technologies. This move is expected to enhance Intel's position in the competitive AI market by promoting interoperability and collaboration among developers and businesses.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:04 pm

ADBE

GGME

GOOG

GOOGL

PNQI

Adobe Inc (NASDAQ:ADBE) is developing an AI model for video content creation to be integrated into Premiere Pro, competing with OpenAI's Sora and Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Imagen 2. The model introduces features for object addition/removal and generative extension, with plans to incorporate Content Credentials for identifying AI-generated content. Adobe is also integrating third-party tools from OpenAI, Runway, and Pika Labs, addressing Wall Street's concerns about AI-generated content tools. Adobe's stock is accessible via Invesco Next Gen Media And Gaming ETF (NYSE:GGME) and Invesco Nasdaq Internet ETF (NASDAQ:PNQI).

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 3:51 pm

CELH

Whales have shown a bearish stance on Celsius Holdings (NASDAQ:CELH), with options trading indicating a mix of bullish (36%) and bearish (63%) expectations. Significant trading activity has been observed, with puts and calls aiming for a price range of $60 to $100. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -0.64%, with an average price target of $75 set by analysts.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:46 pm

FTI

HES

IYE

XLE

XOM

Exxon Mobil Corporation awarded a large contract to TechnipFMC for subsea production systems for the Whiptail project in Guyana's Stabroek Block. The contract, valued between $500 million and $1 billion, includes 48 subsea trees, 12 manifolds, and associated equipment. This project, with an estimated resource base of over 850 million barrels of oil, is part of a $12.7 billion investment decision made by Exxon and Hess Corporation. Investors can gain exposure to Exxon through the Energy Select Sector SPDR Fund and iShares U.S. Energy ETF.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 3:31 pm

ULTA

Investors have shown a bearish stance on Ulta Beauty (NASDAQ:ULTA), with options data revealing 16 transactions, predominantly puts. The trading sentiment is mixed but leans heavily towards bearish, with a focus on a price band between $310.0 and $515.0. Ulta Beauty, a leading beauty retailer with a partnership with Target, has seen its stock price decrease by -2.33%, with an RSI indicating potential oversold conditions. The next earnings report is expected in 37 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:16 pm