Streetbeat News

Partnerships

EADSY

RTX

Airbus SE has secured orders for 65 jets from two of Boeing Co's key Asian customers, Japan Airlines and Korean Air, marking a significant shift in the aviation market. This development highlights Airbus's growing influence in Asia and poses challenges for Boeing amidst its manufacturing crisis. The aviation community on Reddit has shown a keen interest in this shift, discussing the potential impacts on Boeing's market position and exploring investment opportunities in companies associated with Airbus, such as engine manufacturers Safran SA, Rolls-Royce Holdings PLC, General Electric Co, and RTX Corp.

Portfolio Pulse from Surbhi Jain

March 22, 2024 | 5:08 pm

HPCO

ISPR

Ispire Technology Inc. (NASDAQ:ISPR), a company specializing in e-cigarettes and cannabis vaping products, announced a public offering of 2.05 million shares at $6 each, aiming to raise $12.3 million. The funds are intended for the establishment of a manufacturing facility in Malaysia, funding a joint venture, and general corporate purposes. The company's cannabis business has shown significant growth, with a 30.7% increase in revenue year-over-year. Ispire has partnerships with celebrities like Snoop Dogg and Burna Boy for product endorsements. Following the announcement, ISPR shares dropped 27.91% to $5.85. Hempacco Co., Inc. (NASDAQ:HPCO) also has a distribution agreement with Ispire's subsidiary.

Portfolio Pulse from Jelena Martinovic

March 22, 2024 | 4:23 pm

STLA

China's Leapmotor has partnered with Stellantis N.V. (NYSE:STLA) to produce small electric vehicles in Poland, utilizing the semi-knocked down technique. This strategic move aims to expand into the European market and is supported by Stellantis' acquisition of a 21% stake in Leapmotor. The production will begin in the second quarter of this year at Stellantis' facility in Tychy. Additionally, Stellantis has exclusive rights to manufacture, export, and distribute Leapmotor products outside China, following regulatory approval for their joint venture.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 4:03 pm

COIN

CRPT

FDIG

JMP analyst Devin Ryan maintained a Market Outperform rating on Coinbase Global, Inc (NASDAQ:COIN) with a $300 price target, highlighting its diverse growth from trading volumes to blockchain innovations. Coinbase's Q1 2024 spot-trading volumes saw a significant increase, and its derivatives platform and Layer 2 blockchain, Base, are rapidly growing. Partnerships, like with BlackRock, and the potential for spot Bitcoin ETFs are seen as major catalysts. Investors can also gain exposure through ETFs like CRPT and FDIG.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 3:59 pm

FRSX

Foresight Autonomous Holdings' shares surged following the announcement that its subsidiary, Eye-Net Mobile, and SoftBank have successfully completed the technology validation phase for connected mobility applications in Japan. This marks a significant milestone for Foresight in expanding its technological footprint and potentially opening up new markets in Asia.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:32 pm

BAC

BSX

LRCX

UBER

XOM

Benzinga's Stock Whisper Index highlights five stocks: Uber Technologies, Boston Scientific Corporation, Exxon Mobil Corporation, Lam Research Corporation, and Bank of America Corporation. These stocks are gaining investor attention due to various factors such as Uber's expansion in Europe, Boston Scientific's FDA approvals, Exxon's strategic petroleum reserve acquisition, Lam Research's supply chain diversification, and Bank of America's potential gains from regional bank pressures. Each company is experiencing positive developments that could influence their stock prices in the short term.

Portfolio Pulse from Chris Katje

March 22, 2024 | 3:27 pm

ARM

INTC

Intel and Arm have entered into a Memorandum of Understanding (MoU) to collaborate on providing intellectual property (IP) and manufacturing support for startups. This partnership focuses on the development of devices and servers built on Arm-based System on Chips (SoCs) and manufactured by Intel Foundry, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 3:12 pm

IXHL

Recent advancements in psilocybin-assisted therapy for Generalized Anxiety Disorder (GAD) and Colorado's progressive legislation on psychedelic therapy highlight a growing acceptance of psychedelics in mental health treatment. Incannex Healthcare's Phase 2 clinical trial shows promising results for psilocybin therapy. Denver's initiative to train first responders in psychedelic crisis intervention, in collaboration with MAPS, and the efforts of Heroic Hearts Project and Healing Our Heroes Foundation in providing psychedelic therapy to veterans and first responders, underscore the therapeutic potential of psychedelics. Courtney Barnes, advocating for psychedelic policy reform, will speak at the Benzinga Cannabis Capital Conference, emphasizing the importance of integrating psychedelics into healthcare and legal frameworks.

Portfolio Pulse from Abbey Higginbotham

March 22, 2024 | 3:05 pm

KOMP

EHang Holdings Limited (NASDAQ:EH) shares are up following the announcement of Japan's first urban air mobility (UAM) Center in Tsukuba City, established in partnership with AirX Inc. The center, which includes a demonstration flight site and maintenance base for EHang's EH216-S aircraft, marks a significant step in urban air mobility. The UAM Center can accommodate about 25 EH216-S units and serves various modern air mobility demands. The EH216-S has already conducted flights in 12 cities in Japan, demonstrating its versatility. EHang's stock has seen a significant increase, gaining over 96% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

March 22, 2024 | 3:02 pm

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) is on track to double its LNG portfolio to 40 million tons per annum by 2030, ahead of schedule. The company aims to focus on selling its own gas, differentiating itself from competitors like Shell and Total. This expansion is part of a broader corporate reorganization started in 2022. Exxon's LNG production is nearing 30 mtpa, with significant growth expected from the Golden Pass LNG project. Investors can gain exposure to Exxon through SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Lekha Gupta

March 22, 2024 | 2:54 pm