Streetbeat News

Partnerships

ABM

ABM Industries Incorporated (NYSE:ABM) is set to release its Q1 earnings on March 7, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently announced a partnership with the Arizona Diamondbacks and Chase Field. ABM offers a dividend yield of 2.18%, equating to a quarterly dividend of 22.5 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 6,667 shares, valued around $271,680. The article also explains how dividend yield can fluctuate with stock price and dividend payment changes. ABM's stock fell 1.2% to close at $40.75 recently.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:19 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies including Bitcoin, Ethereum, and Dogecoin face a downturn with $1.15B in potential liquidations. Veteran traders predict a surprise rally for Bitcoin, while Shiba Inu's developer disputes a misquote. Dogecoin's support from Elon Musk keeps it in the spotlight. Ethereum's co-founder sells $100K of ETH amid a dip. US markets show mixed signals with the Fear & Greed Index entering 'Greed' zone and Dow dropping. Nikki Haley's withdrawal from the 2024 Presidential race could favor Trump. US and global politics, economy updates, and tech and EV sector movements, including Tesla's strategies and Rivian's efficiency improvements, are highlighted.

Portfolio Pulse from Akanksha Bakshi

March 06, 2024 | 2:17 pm

RVSN

Rail Vision has announced the first commercial installation of its AI-driven Main Line Systems on a national railways line. This marks a significant milestone for the company, showcasing its technology's readiness for broader commercial deployment in the railway industry.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:07 pm

MTTR

Matterport, Inc. (MTTR) has partnered with KnowHow to enhance worker training and onboarding for digital twin solutions in the restoration sector. This collaboration aims to leverage Matterport's digital twin technology to improve training efficiency and effectiveness, potentially transforming how new employees are onboarded and trained in the industry.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:07 pm

AVGO

GOOGL

META

Broadcom Inc (NASDAQ:AVGO) is set to report its Q1 earnings on March 7, with Wall Street expecting $10.26 EPS and $11.71 billion in revenues. The stock, part of the AI5 group, has seen over 112% growth in the past year and over 20% YTD. Technical analysis shows a strongly bullish trend with favorable indicators, despite potential selling pressure risks. Analyst consensus rates AVGO as a Buy, with a price target of $959.67. JPMorgan highlights Broadcom's growth in AI revenues, including collaborations with Google (GOOGL) and Meta (META).

Portfolio Pulse from Surbhi Jain

March 06, 2024 | 2:05 pm

BE

SHEL

Bloom Energy has entered into agreements with Shell to explore opportunities for renewable hydrogen energy projects, aiming to advance decarbonization through emerging SOEC technology.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:04 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares surged in premarket trading after securing a $178.4 million contract from the Army Contracting Command for the TITAN ground station system, leveraging AI and ML for deep-sensing capabilities. Additionally, Palantir announced over 60 customers will showcase at its AIPCon, including 20+ new customers and partners. The company also revealed a new partnership with the Ministry of Economy of Ukraine, contributing to the stock's 9.45% increase to $26.06.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 1:53 pm

HSAI

LI

Hesai has been chosen as the LiDAR supplier for Li Auto's new model, Li MEGA, marking a significant partnership in the automotive and technology sectors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:48 pm

OMQS

OMNIQ Corp. has received a purchase order from Burger Ranch for the supply of self-ordering kiosks, self-check-out kiosks, and a new feature supporting cash transactions. This development signifies an expansion of OMNIQ's market presence in the fast-food industry and highlights the growing trend of automation in retail and hospitality sectors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:46 pm

DTIL

Precision BioSciences has announced that its partner, iECURE, received MHRA approval to expand the Phase 1/2 clinical trial of the ARCUS gene editing program for treating OTC deficiency. This development marks a significant step forward in the application of gene editing technologies in addressing genetic disorders.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:45 pm