Streetbeat News

Partnerships

ADI

BMWYY

Analog Devices Inc (ADI) and Bayerische Motoren Werke AG (BMWYY) have partnered to implement ADI's E²B Ethernet technology in BMW vehicles, enhancing vehicle connectivity and supporting new automotive design architectures. This collaboration, ongoing since 2018, will see the technology used in ambient lighting systems and aims to synchronize lighting with other vehicle applications. ADI's stock saw a positive movement, increasing by 1.78% to $193.17.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 4:35 pm

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) shares surged after announcing the commercial installation of its AI-driven Main Line Systems in a national railways line. The company also joined the NVIDIA Metropolis partner program to gain early access to NVIDIA platform updates and collaborate with AI-driven organizations. Despite a year-to-date loss of 75.12%, the stock's recent performance and an RSI of 15.51 suggest it may be oversold.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 4:06 pm

Bloom Energy Corporation (NASDAQ:BE) announced a collaboration with Shell Plc. to study decarbonization solutions using Bloom's proprietary hydrogen electrolyzer technology. This partnership aims to develop large-scale, solid oxide electrolyzer systems for hydrogen production potentially used at Shell assets. Bloom Energy's CEO, KR Sridhar, highlighted the technology's potential to decarbonize hard-to-abate industry sectors and emphasized Bloom's leadership in solid oxide electrolyzer technology.

Portfolio Pulse from Erica Kollmann

March 06, 2024 | 3:44 pm

EVC

META

Entravision Communications Corporation (NYSE:EVC) shares plummeted after Meta Platforms Inc (NASDAQ:META) announced it will end its Authorized Sales Partner program, which significantly contributed to Entravision's EBITDA and revenue. Entravision's CEO expressed disappointment but remains confident in the company's long-term prospects, citing a strong balance sheet and ongoing strategic review. Despite a Q4 FY23 EPS loss and missing street views, the company reported higher advertising revenue and declared a quarterly dividend.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 3:43 pm

AISP

Airship AI Holdings Inc (NASDAQ:AISP) shares surged over 330% in the last week, further rising on Wednesday due to momentum from a significant contract award from a Department of Justice agency for its Acropolis Enterprise Sensor Management platform. The company, which went public via a SPAC merger, has seen increased interest from retail investors and high trading volumes, with Wednesday's volume exceeding 35 million.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 3:42 pm

AISP

ANF

APM

EVA

EVC

HSCS

NEPT

U.S. stocks traded higher with the Dow Jones gaining around 200 points. Abercrombie & Fitch Co. (ANF) reported Q4 earnings above expectations. Aptorum Group (APM) announced a merger with YOOV Group, and Airship AI Holdings (AISP) surged after winning a Department of Justice contract. Enviva Inc. (EVA) also saw significant gains. Conversely, Entravision Communications (EVC), Neptune Wellness Solutions (NEPT), and Heart Test Laboratories (HSCS) experienced notable declines.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:49 pm

BOX

MSFT

Box Inc (NYSE:BOX) shares rose after reporting better-than-expected EPS and adding $100 million to its buyback program. Q4 revenue slightly missed estimates, but EPS exceeded expectations. The company also announced an expanded partnership with Microsoft Corp (NASDAQ:MSFT), integrating Box AI with Microsoft Azure OpenAI Service. Analysts from JPMorgan and Citigroup raised their price targets for BOX. The company provided an outlook for Q1 and fiscal year 2025, with revenue projections slightly above and earnings estimates below analyst expectations.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 2:38 pm

CTLT

LLY

NVO

Eli Lilly (LLY) and Novo Nordisk (NVO) are intensifying efforts to meet the surging demand for obesity drugs by expanding production capacities through collaborations and acquisitions. Eli Lilly has partnered with National Resilience and BSP Pharmaceuticals to increase the production of its obesity drug, Zepbound. Despite Novo Nordisk's acquisition of three fill-finish plants from Catalent Inc (CTLT), scaling up production is anticipated only by 2026. The global contract drug manufacturing market is expected to grow significantly, yet supply constraints for obesity drugs may persist for years.

Portfolio Pulse from Vandana Singh

March 06, 2024 | 2:33 pm

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