Streetbeat News

Partnerships

SYRA

Syra Health's stock price increased following the announcement of a new healthcare workforce contract with Fairfax County, Virginia. This contract is expected to enhance the company's revenue and market presence in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 4:02 pm

VFC

VF Corporation's stock (VFC) is experiencing an uptick after reports emerged that activist investor Engaged Capital has garnered backing from the company's founding family. This development suggests potential changes in the company's strategy or management, which investors are reacting positively to.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:57 pm

AMZN

GOOG

META

PINS

SNAP

Snap Inc. (SNAP) stock plummeted nearly a third after Q4 results missed Wall Street expectations and announced a 10% workforce reduction. Despite solid user growth, Snap's revenue per user fell, contrasting with the online ad market recovery seen by Meta Platforms (META), Alphabet (GOOG), and Amazon.com Inc. (AMZN), who reported significant ad revenue growth. Pinterest (PINS) also faced monetization challenges, seeking partnerships with Google and Amazon for improvement. Snap aims to focus on growing its user base and engagement in monetizable markets.

Portfolio Pulse from Upwallstreet

February 12, 2024 | 3:56 pm

DIS

DKNG

PENN

Barstool Sports has renewed its partnership with DraftKings (NASDAQ:DKNG) following the repurchase of Barstool by its founder, Dave Portnoy, from PENN Entertainment (NASDAQ:PENN). The deal makes DraftKings the exclusive sports betting partner of Barstool Sports. This partnership was announced shortly after Super Bowl LVIII and includes a Free Throw Challenge with a $100,000 prize from DraftKings. PENN previously acquired and then sold Barstool Sports back to Portnoy, moving on to a partnership with Disney's ESPN Bet. The rekindled Barstool-DraftKings partnership could attract new customers to DraftKings and impact the sports betting market.

Portfolio Pulse from Chris Katje

February 12, 2024 | 3:46 pm

BMR

NVDA

Beamr Imaging Ltd. (NASDAQ:BMR) shares surged after announcing a collaboration with Nvidia Corporation (NASDAQ:NVDA) to present joint research on automated video modernization at the ACM Mile-High-Video 2024 conference. The research focuses on transitioning video libraries to the AV1 format using Nvidia's hardware, addressing challenges of compute power and video quality maintenance. Beamr's stock has seen a significant increase, trading up 311% at $8.68.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 3:37 pm

PRST

Presto Automation Inc. (NASDAQ:PRST) announced a $6M financing through convertible subordinated notes and a favorable court verdict against XAC Automation Corp. The financing was led by existing investors, including Remus Capital. The company also reported significant growth in its Presto AI Voice product, doubling its live stores to 145. CEO Xavier Casanova resigned, with a replacement to be announced. Presto won an $11.1M award from XAC, with plans to enforce or monetize the award. An amendment with Hi Auto allows competition for the Checkers relationship. The notes are convertible into 36M shares at $0.25/share. The company needs to raise an additional $6M by March 8, 2024, to sustain operations. Matthew MacDonald joined the Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:06 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) stock has surged over 60% in the past five days, following the announcement that its IM-1 mission Nova-C class lunar lander is ready for launch. The launch, part of NASA's Artemis program, is scheduled for Feb. 14. The stock's trading volume has significantly exceeded its 100-day average, and it has an average 1-year price target of $7.0, indicating a potential upside of 19.05%. Analysts hold bullish views on the stock, with price targets ranging from $4 to $10.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 3:01 pm

BTC-USD

DOGE-USD

ETH-USD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

KSS

Kartoon Studios has announced a partnership with Penguin Young Readers and Kohl's to launch 'Llama Llama' merchandise. The first product launch is scheduled for February 2024, with a second promotion set for April 2024. These products will be available in Kohl's stores nationwide and on Kohls.com. The partnership aims to expand the 'Llama Llama' brand into new consumer products.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:17 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced a special meeting for stockholders to vote on changing the company's name to NextTrip, Inc. and increasing authorized common stock shares from 1.2M to 250M. The meeting is set for March 8, 2024, and aims to transition the business focus to travel operations. NextTrip has integrated a scalable travel booking engine, assembled a new management team, and established over 200 direct relationships with travel organizations. The company is preparing to re-activate its travel booking platform and anticipates growth in the travel industry.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:14 pm