Streetbeat News

Partnerships

BRK

COIN

HOLO

KKR

Benzinga's Stock Whisper Index highlights five stocks: Block Inc, MicroCloud Hologram Inc, Coinbase Global, Berkshire Hathaway, and KKR & Co Inc, noting their recent developments and potential investor interest. Block Inc is anticipated for its upcoming earnings report, MicroCloud Hologram saw a significant share price movement after joining the Communications Industry Association, Coinbase Global benefits from Bitcoin's value rise, Berkshire Hathaway gains attention with its investments, and KKR & Co Inc impresses with its earnings beat.

Portfolio Pulse from Chris Katje

February 09, 2024 | 6:26 pm

AFRM

SHOP

Affirm Holdings Inc (NASDAQ:AFRM) shares fell after Q2 earnings, despite beating estimates, due to guidance suggesting a slowdown in GMV growth. Analysts have mixed views, with price targets adjusted accordingly. The company's performance was boosted by its Shopify partnership and transaction growth, but future revenue and GMV growth are expected to slow. Affirm's BNPL service is seen as a leader in a growing market, with significant partnerships like Amazon and Shopify.

Portfolio Pulse from Priya Nigam

February 09, 2024 | 5:12 pm

BIDU

LNVGF

LNVGY

Baidu Inc has partnered with Lenovo Group Ltd to integrate its generative AI technology, Ernie, into Lenovo's smartphones. This move is part of Baidu's strategy to find practical applications for its AI models and reflects the growing trend of incorporating generative AI into smartphones. The partnership aims to leverage the unique market opportunity in China, where U.S.-based AI services are unavailable. Baidu, along with Alibaba and Tencent, is capitalizing on this gap by offering over 200 AI models in China. The integration of AI in smartphones is seen as a crucial step for the future of the industry.

Portfolio Pulse from Anusuya Lahiri

February 09, 2024 | 4:29 pm

DKNG

MGM

PENN

X, formerly known as Twitter and acquired by Elon Musk, has announced an exclusive partnership with BetMGM, a joint venture of MGM Resorts International (NYSE:MGM) and Entain, to become its official live odds sports betting partner. This partnership, described as a first-of-its-kind between a sports betting company and a social media brand, will feature sports betting odds and links on X, starting with professional football contests ahead of Super Bowl LVIII. The collaboration aims to increase BetMGM's customer sign-ups and engagement on X, especially with the sports betting market becoming increasingly competitive.

Portfolio Pulse from Chris Katje

February 09, 2024 | 4:00 pm

GOOGL

PINS

Pinterest Inc (NYSE:PINS) shares fell in premarket trading despite reporting upbeat Q4 earnings, attributed to a revenue miss and lower-than-expected Q1 revenue guidance. Analysts highlighted the partnership with Google (NASDAQ:GOOGL)(NASDAQ:GOOG) as a positive surprise and expect the company's new ad integrations to boost future revenue. Ratings and price targets were adjusted by several analysts, reflecting a mix of optimism and caution regarding Pinterest's future performance.

Portfolio Pulse from Priya Nigam

February 09, 2024 | 3:30 pm

JTAI

Jet.AI has announced a partnership with FL3XX to integrate DynoFlight into the FL3XX platform, aiming to enhance the operational efficiency of private aircraft operators. The integration is scheduled for launch in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:05 pm

AEM

CNIKF

FQVLF

SSDIY

Canada Nickel (OTCQX:CNIKF) is raising $1 billion to construct North America's largest nickel processing plant in Timmins, Ontario, aiming to start production in 2027 with an annual capacity of 80,000 tons. This initiative is part of a broader strategy to position Canada as a leader in the green energy transition by providing cleaner nickel for the electric vehicle and battery manufacturing sectors. The company is in talks with the Canadian government, the U.S. Department of Defense, and battery sector partners for funding. Shareholders include Samsung SDI (OTC:SSDIY) and Agnico Eagle Mines (NYSE:AEM). Despite a 40% decline in nickel prices and a challenging market, Canada Nickel's stock rose 2.92% after the announcement.

Portfolio Pulse from Stjepan Kalinic

February 09, 2024 | 2:56 pm

ILMN

JNJ

Illumina Inc (NASDAQ:ILMN) reported Q4 2023 sales of $1.12 billion, a 4% increase Y/Y, beating consensus estimates of $1.09 billion. Adjusted EPS was $0.14, surpassing the consensus of $0.02. The company shipped 79 NovaSeq X instruments in Q4 and 352 in FY 2023. Illumina plans to divest GRAIL by Q2 2024 and signed a development agreement with Janssen Research & Development, a Johnson & Johnson (NYSE:JNJ) unit. FY 2024 guidance expects flat Core Illumina revenue and a 20% adjusted operating margin. Carl Icahn escalates boardroom battle at Illumina post-GRAIL divestiture. ILMN shares dropped 2.38% to $139.93.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 2:32 pm

MGM

BetMGM, a leading sports betting and iGaming operator, has announced an exclusive partnership with social media platform X to become its Live Odds Sports Betting partner. This collaboration will integrate BetMGM's odds and branding directly into X, linking to BetMGM's website and app. The partnership aims to leverage X's role as a central hub for sports conversations, offering users in the United States access to BetMGM's betting odds on professional football, with plans to expand to other major sports. BetMGM emphasizes responsible gaming, integrating the GameSense program into its platforms.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:31 pm

Planet Labs PBC (NYSE:PL) has made its PlanetScope satellite data available on Google Cloud Marketplace, enhancing collaboration and convenience for users. This partnership allows for efficient Earth monitoring, leveraging Google Cloud's scalability. The integration aims to streamline procurement and billing processes, facilitating easier access to Earth imagery for a wide range of applications including agriculture, urban planning, and sustainable development.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:01 pm