Streetbeat News

Partnerships

DIS

Disney CEO Bob Iger, at the Morgan Stanley Conference, emphasized the company's commitment to maintaining its relationship with the NBA, indicating it as a strategic goal.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:43 pm

CRWD

DELL

Dell Technologies Inc. (DELL) and CrowdStrike Holdings, Inc. (CRWD) shares are trading lower after announcing an extension of their partnership. The collaboration enhances Dell's Managed Detection and Response services through the CrowdStrike Falcon XDR platform, aiming to defend against complex cyberattacks. Despite the strategic move, both companies' shares saw a decline, with CRWD down 6.84% and DELL down 6.18%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 6:19 pm

GOOG

GOOGL

TSLA

UBER

A Reddit post discussed Alphabet Inc's Waymo, highlighting its advanced autonomous driving technology and potential for industry dominance. Users shared positive experiences and optimism for Waymo's expansion and its role in Google's AI portfolio. Despite challenges, the sentiment is bullish on Waymo's long-term prospects.

Portfolio Pulse from Surbhi Jain

March 05, 2024 | 5:31 pm

OWPC

One World Products Inc (OTCQB:OWPC) launched Pro-11, a CBD-enriched muscle rub, during the 2024 NBA All-Star Weekend. This product is a collaboration between Kx Family Care, led by Stephen Marley, and guided by NBA Hall of Famer Isiah Thomas. Kx Family Care made a strategic investment of $400,000 in OWP to boost its operations in Colombia's Bogota Free Trade Zone. Pro-11 is designed for athletes, combining CBD, essential oils, and natural extracts for optimal performance and recovery. It will be available on March 15, 2024, and is expected in select retail locations later that year. OWPC's shares were up 18.60% at $0.0593 per share.

Portfolio Pulse from Patricio Liddle

March 05, 2024 | 5:11 pm

WIF

'Shiba Inu Killer' Dogwifhat (WIF) saw a price rebound after Binance announced its listing for spot trading, leading to bullish predictions. The listing includes trading pairs WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. This follows a recent listing on Robinhood Crypto EU. WIF's trading volume exceeded $700 million in the last 24 hours, with the meme coin market cap up 33.5%, reaching over $64 billion. Analytics firm Santiment and Bloomberg host Tim Stenovec highlighted the resurgence of meme coins, with WIF reaching $1.96 before settling at $1.34.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 5:02 pm

MNTS

Momentus Inc (NASDAQ:MNTS) shares surged after securing a contract from NASA for flight and payload integration services, part of a $45 million deal with a 5-year performance period. Additionally, Momentus announced a securities purchase agreement for $4.0 million in gross proceeds.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 4:47 pm

LEXX

Traders are closely monitoring Lexaria Bioscience due to circulating analyst comments that suggest its DehydraTECH platform, aimed at delivering GLP-1 drugs, could generate compelling data to partner the technology. This development program is seen as a significant step for Lexaria in advancing its technology and potentially partnering with larger pharmaceutical companies.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:27 pm

MSFT

NVDA

Singapore's state-owned investment firm Temasek is in discussions with OpenAI for potential investment. The talks, initially focused on investing in Sam Altman's Hydrazine Capital, have shifted towards OpenAI directly. This comes as OpenAI's CEO, Sam Altman, seeks funding for a global semiconductor manufacturing project, estimated to cost $7 trillion, to boost AI infrastructure. Microsoft Corporation (MSFT) is OpenAI's largest investor, with a $13 billion investment, while Nvidia Corporation (NVDA) provides GPUs for OpenAI's systems.

Portfolio Pulse from Neil Dennis

March 05, 2024 | 4:17 pm

GRUSF

Grown Rogue International Inc (OTCPK: GRUSF) is expanding into the Illinois cannabis market through a partnership with EBC Ventures, forming Rogue EBC LLC. This joint venture has acquired CannEquality LLC, which holds a craft growers license in Illinois, and plans to develop a 50,000 square foot facility in Waukegan, Illinois, with up to 14,000 square feet of cultivation space. The facility is expected to be operational by the second half of 2025. Grown Rogue's investment of up to $6,000,000 in the venture highlights its commitment to growth and market presence in Illinois, a state with over $1.5 billion in recreational cannabis sales in 2023.

Portfolio Pulse from Patricio Liddle

March 05, 2024 | 4:11 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading lower despite announcing new partnerships with the Ministry of Economy of Ukraine and Red 6. The Ukraine partnership aims to use Palantir's AI software for a demining approach, while the Red 6 agreement integrates Palantir's platform with AR technology for defense applications. Palantir's stock underperformance may also be attributed to its exclusion from the S&P 500's latest quarterly rebalance. Wall Street views Palantir as Neutral, with some analysts expecting significant growth.

Portfolio Pulse from Adam Eckert

March 05, 2024 | 4:10 pm