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Partnerships

KDP

Keurig Dr Pepper (NASDAQ:KDP) announced a new innovation in its Keurig single serve brewing system, introducing K-Rounds, plastic- and aluminum-free coffee pods, and the Keurig Alta brewer. These innovations aim to redefine home coffee brewing with sustainability and versatility, allowing for a variety of barista-style beverages. The company has entered a multi-year innovation agenda, with beta testing for the Keurig Alta system starting in fall 2024. KDP has also acquired a perpetual license from Delica Switzerland for proprietary technology to be used in these innovations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:04 pm

CELH

Jefferies has reaffirmed its Buy rating on Celsius Holdings (NASDAQ:CELH) and increased its price target from $98.00 to $105.00. Celsius Holdings, known for its energy drinks, has seen its shares rise by 1.9% to $92.80. The new price target suggests a potential 13.15% increase. Celsius, with 94% of its revenue from North America, has a 20-year distribution deal with PepsiCo, which owns an 8.5% stake in the company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

AVTR

DHR

LLY

NVO

TMO

WAT

WUXIF

Goldman Sachs highlights a significant opportunity in the biotech sector for outsourcing the production of obesity therapeutics, projecting the global obesity market to reach $100 billion by 2030, potentially expanding up to $400 billion. Novo Nordisk and Eli Lilly, current leaders in the market, are expected to outsource 50% of their production to meet demand, creating a $5 billion opportunity for outsourced providers. Seven biotech stocks, including Avantor, Thermo Fisher, Waters Corp., Agilent Technologies, Danaher, Wuxi AppTec, and Asymchem Laboratories, are identified as beneficiaries of this trend.

Portfolio Pulse from Piero Cingari

March 13, 2024 | 4:35 pm

AMD

INTC

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) has seen a significant rally, gaining nearly 50% in the past month, driven by the AI-chip boom. BofA Securities highlights SMCI's strong positioning in the expanding AI server market, expecting robust revenue growth. The firm's competitive advantages, such as its building block architecture, relationships with leading AI CPU/GPU/ASIC providers (Intel, Nvidia, AMD), and customization capabilities, are noted. Analyst Ruplu Bhattacharya maintains a Buy rating and raises the price target from $1,040 to $1,280, anticipating growth in server demand across various applications.

Portfolio Pulse from Priya Nigam

March 13, 2024 | 4:21 pm

PLTR

On CNBC, Palantir Technologies CEO Alex Karp discussed the company's new Titan deal and its initiative on AI bootcamps, highlighting strategic moves to bolster its position in the AI and data analytics sector.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:43 pm

COIN

Block, Inc. (NYSE:SQ) shares rose after announcing new merchant partnerships for Afterpay and the start of shipping for its Bitkey hardware device. The Bitkey wallet, which integrates with Cash App and Coinbase Global, Inc. (NASDAQ:COIN), allows users to transfer and buy Bitcoin. Afterpay expanded its merchant network with notable partnerships. Block's stock is trading above its 200-day moving average, indicating a bullish signal for investors.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 3:41 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) stock is on the rise, up 5% during midday trading, following the announcement of Aaron J. Webster joining as chief enterprise services officer and a strategic meeting hosted by JPMorgan. The company is focusing on high-margin strategies, including improving transaction margin dollar growth and launching the Fastlane initiative for online checkouts. Additionally, PayPal plans to expand into offline payment channels and monetize Venmo through enhanced debit card penetration and targeted rewards. Shares were up 4.09% to $62.98.

Portfolio Pulse from Surbhi Jain

March 13, 2024 | 3:37 pm

AAPL

TSM

Apple has expanded its innovative Restore Fund, a project aimed at combating climate change by investing in forestry projects, by partnering with TSMC and Murata. This expansion signifies a broader commitment from major tech companies to environmental sustainability and could influence investor perception positively.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:35 pm

AMZN

GOOG

GOOGL

MSFT

NVDA

ORCL

Oracle Corporation (NYSE:ORCL) has transitioned into a significant cloud computing player, with its cloud revenue surpassing software licensing sales in the fiscal third quarter, causing a 13% stock surge. Despite holding less than 5% of the global cloud market, Oracle competes by offering affordable alternatives to Amazon, Microsoft, and Alphabet. A potential game-changing deal with Nvidia Corporation (NASDAQ:NVDA) is expected to be announced, aiming to power the AI revolution. Oracle's fiscal third quarter saw a 7% revenue increase to $13.28 billion, with cloud services driving growth. However, other units like cloud license and hardware saw declines. Oracle's net income rose 27% YoY to $2.4 billion. The company is expanding its cloud data capacity to meet AI demand, with plans to build 20 data centers from Microsoft and Azure.

Portfolio Pulse from Upwallstreet

March 13, 2024 | 3:34 pm

EXPE

Expedia Group is expanding its global travel ecosystem through new and expanded partnerships, leveraging its technology and supply to offer unparalleled travel options and competitive pricing. This initiative aims to unlock growth for partners and provide unique experiences for travelers.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:58 pm