Streetbeat News

Partnerships

RVTY

Revvity, Inc. (NYSE:RVTY) announced the launch of Signals ClinicalTM, a SaaS clinical data science platform designed to centralize clinical trial data for faster insights and decisions, aiming to accelerate the market delivery of therapeutics. Integrated with Spotfire for advanced visual analytics, it promises to enhance efficiency and collaboration in clinical research, potentially transforming the pharmaceutical, biotechnology, and contract research industries.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 9:09 pm

GOLD

NEM

Barrick Gold (NYSE:GOLD) announced an increase in proven and probable gold reserves to 77 million ounces by the end of 2023, up from 76 million the previous year. The company, holding a 61.5% stake in Nevada Gold Mines (NGM) through a joint venture with Newmont (NYSE:NEM), highlighted significant contributions from its North American operations, particularly in Northern Nevada, which is described as 'far from being a mature gold district.' Key sites like Carlin, Cortez, and the Turquoise Ridge complex are expected to support production growth for over a decade. Additionally, NGM has initiated a transition to renewable energy with the commissioning of a solar project.

Portfolio Pulse from Stjepan Kalinic

February 12, 2024 | 7:53 pm

RKLB

SPIR

Rocket Lab USA, Inc (NASDAQ:RKLB) stock surged over 9% after Citigroup analyst Jason Gursky reinstated the stock with a Buy rating and a $6 price target, citing recent capital transactions and a significant U.S. government award as positive indicators. The company's liquidity, product development, and customer adoption are highlighted as strengths. Rocket Lab expects Q4 revenues of $59 million to $61 million, with an average 1-year price target of $6.67 among analysts. Spire Global, Inc (NYSE:SPIR) was mentioned in relation to Rocket Lab's first Electron mission of 2024.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 7:26 pm

ANTX

BIG

MGIH

Big Lots, Inc. shares plummeted by 31.3% after reporting disappointing preliminary Q4 results and a downgrade by Loop Capital. Other stocks showed significant movement, with notable gainers including Millennium Group International Holdings Limited, Beamr Imaging Ltd., and DIH Holdings US, Inc. Losers included AN2 Therapeutics, Inc., AirTouch Communications, Inc., and TOP Financial Group Limited.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 6:07 pm

MMS

Maximus (MMS) has been awarded a contract by South Dakota's Department of Social Services to administer mental health assessments for Medicaid-certified nursing facility placements. This marks the first time South Dakota has partnered with an external vendor for this purpose. Maximus will leverage its nearly 25 years of experience in running Preadmission Screening and Resident Review (PASRR) programs to enhance the state's program, offering centralized services, improved data collection, and analysis to support South Dakota's goals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:03 pm

DHAI

DIH Holding US, Inc. (NASDAQ:DHAI) experienced significant trading activity and a stock price increase following its Nasdaq debut and a private placement of common stock. The company, having completed a business combination with Aurora Technology Acquisition Corp, announced a $1.5 million financing from OrbiMed, involving the sale of 150,000 shares at $10 each, plus warrants for an additional 300,000 shares. This move aims to bolster DIH's global commercial strategy and growth initiatives. The stock's performance is also analyzed in the context of its position relative to the 200-day moving average, suggesting bullish sentiment.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 5:35 pm

DIS

NFLX

Disney (NYSE:DIS) reported improved earnings, narrowing streaming losses and lifting guidance, but still faces challenges in the entertainment sector. Shares rose 7% in extended trading. Disney announced a collaboration with Epic Games to create a gaming universe and will acquire a $1.5 billion equity stake in Epic Games. Disney also plans to focus on live sports streaming, with the launch of ESPN streaming service in 2025. Despite flat revenue of $23.55 billion for the quarter, net income rose to $1.91 billion. Netflix (NASDAQ:NFLX) increased its gaming presence and reported a significant subscriber growth, ending 2023 with 260.3 million subscribers and a 12% YoY revenue growth.

Portfolio Pulse from Upwallstreet

February 12, 2024 | 5:35 pm

GOLD

IVPAF

The U.S. is increasing its involvement in African mining and infrastructure to compete with China's dominance in strategic mineral supply chains, focusing on the Copperbelt region for cobalt and copper crucial for decarbonization. The U.S. supports the Lobito corridor rail project, which will reduce transportation costs for mining companies like Ivanhoe Mines Ltd, potentially joined by Anglo American, Barrick Gold Corp, and First Quantum Minerals Ltd. This move is part of a broader strategy to secure supplies of essential minerals for renewable energy.

Portfolio Pulse from Matt Whittaker

February 12, 2024 | 5:09 pm

AMZN

MSFT

NVDA

Microsoft's Azure is rapidly closing the gap with Amazon's AWS, growing from half to three-quarters the size of AWS in five years. Analysts predict Azure's revenue could reach $95 billion in two years, potentially shifting investor optimism towards Microsoft's cloud segments. Microsoft now boasts 53,000 Azure AI customers, leveraging its early lead in AI. In response, AWS has expanded its offerings, including partnerships with Anthropic and a focus on Nvidia chips for compute instances. Microsoft's cloud infrastructure now accounts for 29% of its revenue and 46% of its total operating income, with significant improvements in gross margin.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 5:08 pm

BOF

BranchOut Food shares are trading higher following the announcement of an expanded relationship with a retailer, under a new agreement estimated to be worth $7.6 million annually.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 4:54 pm