Streetbeat News

Partnerships

AMLX

GRFS

WLDN

Willdan Group (WLDN) shares surged 21% after reporting better-than-expected Q4 results and issuing strong FY24 guidance, alongside securing a $30-50 million contract. Grifols (GRFS) shares rose 20%, stating recent integration has no significant financial impact. Amylyx Pharmaceuticals (AMLX) plummeted 81% as its Phase 3 trial for AMX0035 in ALS failed to meet primary or secondary endpoints.

Portfolio Pulse from ryanfaloona@benzinga.com

March 08, 2024 | 1:44 pm

CSCO

HOOD

MUR

Insiders at Cisco, Robinhood, Air Lease, and Murphy Oil have recently sold shares, indicating potential concerns or views of overvaluation. Air Lease secured a deal with Thai Airways, Murphy Oil appointed a new President and COO, Robinhood reported strong Q4 results, and Cisco deepened its alliance with BBVA for digital transformation.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:24 pm

COIN

PLTR

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have seen significant spikes, with Bitcoin nearing all-time highs. The cannabis industry reacts positively to Biden's call for cannabis reform. Cathie Wood sells $13.15M worth of Coinbase shares, opting for Palantir stock instead. Tesla's Bitcoin investment yields a substantial unrealized profit. The S&P 500 surges to a new high, driven by tech giants and improved investor sentiment. Biden's economic policies and calls for cannabis reform mark significant political statements. Tesla faces a valuation drop and legal challenges, while the EV market sees competition from Rivian.

Portfolio Pulse from Akanksha Bakshi

March 08, 2024 | 1:12 pm

MSFT

OpenAI experienced leadership turmoil with the brief ouster of CEO Sam Altman, influenced by concerns from CTO Mira Murati and co-founder Ilya Sutskever regarding Altman's leadership style. Despite their concerns, both supported Altman's return, amid fears of a talent drain and employee resignations. The board agreed to restructure for more diversity and independence. Microsoft Corp. played a significant role by hiring Altman and Greg Brockman for a new AI research team, underscoring its commitment to AI and its partnership with OpenAI.

Portfolio Pulse from Rounak Jain

March 08, 2024 | 1:06 pm

PLTR

Dan Ives of Wedbush Securities has raised the price target for Palantir Technologies Inc. (PLTR) from $30 to $35, citing the company's strong potential in AI applications. Ives highlighted Palantir's AI and data analytics platform as essential for U.S. enterprises, referring to it as the 'Messi of AI thesis.' This bullish adjustment is supported by recent field checks and the belief that Palantir will capture a significant share of the $1 trillion AI Global TAM. The company's stock rose by 1.66% in premarket trading to $26.90. Additionally, Palantir has secured a $178 million contract extension from the U.S. Army for the development of advanced AI/ML technologies.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 12:48 pm

EADSY

UAL

United Airlines Holdings Inc. (NASDAQ:UAL) is adjusting its pilot recruitment plans due to delays and challenges with Boeing Company's (NYSE:BA) Max 10 aircraft. United is delaying new pilot recruitment and halting training classes to navigate through Boeing's ongoing certification and manufacturing delays. The airline is also considering converting Max 10 orders to Max 8 or 9 variants and potentially acquiring Airbus SE (OTC:EADSY) A321neo aircraft in response to the setbacks.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 12:40 pm

BTCUSD

COIN

As Bitcoin's price surges, reaching $69,000, centralized crypto exchanges like Coinbase, Binance, and Bitget are reversing previous hiring freezes and layoffs, signaling a renewed optimism in the industry. Despite the market's recovery, DeFi platforms such as Pendle Finance and dYdX are not adjusting their hiring strategies significantly. The industry's hiring outlook is cautiously optimistic, with a focus on roles in product, engineering, compliance, and marketing.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 3:58 am

BHP

CMP

NEM

SLGGF

Compass Minerals (CMP) commits to water conservation for the Great Salt Lake's sustainability and announces participation in Loop Capital Markets' Investor Conference. SolGold (SLGGF) signs a $3.2B declaration with Ecuador for the Cascabel Project, marking Ecuador's largest mining investment. BHP Group (BHP) and Newmont Corporation (NEM) are significant stakeholders in SolGold. Reliance Inc. (RS) executive Arthur Ajemyan sells 3,000 shares.

Portfolio Pulse from Austin DeNoce

March 07, 2024 | 10:22 pm

AAPL

JAMF

Jamf (NASDAQ:JAMF) announced same-day support for Apple Vision Pro's visionOS 1.1, enhancing its capabilities for enterprise use. This support includes mobile device management (MDM) for deploying and leveraging Apple Vision Pro at scale. Jamf's initiative follows its recent support for iOS 17.4, addressing changes from the Digital Markets Act. The company continues to enable secure and managed access to company resources for Apple devices, including new configurations to manage third-party app restrictions.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:44 pm

IOT

Samsara Inc. (NYSE:IOT) has entered into a strategic partnership with TMS, a leading logistics and transportation company in Mexico, to enhance road safety and reduce accidents by 24% in 2024. TMS will integrate Samsara's AI Dash Cams into its security program to improve driver safety and operational efficiency. This collaboration aims to leverage cutting-edge technology to achieve significant reductions in accidents and associated costs, with a focus on driver well-being and the recruitment of women drivers.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:40 pm