Streetbeat News

Partnerships

FXI

SPY

VGK

China's President Xi Jinping has urged Russia's President Vladimir Putin to strategically collaborate in defending their countries' sovereignty, security, and development interests. Xi emphasized the importance of opposing external interference in their internal affairs, as reported by Reuters citing state media.

Portfolio Pulse from Charles Gross

February 08, 2024 | 10:44 am

AAPL

Elon Musk endorses using X (formerly Twitter) with its premium plan, X Pro, alongside the Apple Vision Pro mixed reality headset for an enhanced experience. This suggestion follows a tweet by Robert Scoble, who shared his positive experience with these technologies at a Tesla supercharger. Musk has previously shown interest in Apple Vision Pro and has rebranded TweetDeck to X Pro, placing it behind a paywall. Analysts see Apple Vision Pro as a revolutionary device, akin to the iPhone's debut, despite being a first-generation product.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 9:19 am

COP

DIS

PYPL

ConocoPhillips, Disney, Philip Morris International, PayPal Holdings, and Kellanova are stocks to watch due to their recent financial updates and market movements. ConocoPhillips and Kellanova are expected to report earnings, with ConocoPhillips already seeing a slight increase in after-hours trading. Disney announced better-than-expected earnings, a new share repurchase program, and a significant investment in Epic Games, leading to a surge in its stock price. Philip Morris is also anticipated to release earnings, showing a modest increase in after-hours trading. PayPal reported strong fourth-quarter results but projected full-year earnings for 2024 to match those of 2023, below analyst expectations, causing its stock to dip.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 7:48 am

NVDA

For the first time in over 20 years, Mexico has surpassed China as the top supplier of goods to the United States, with U.S. imports from Mexico exceeding $475 billion in 2023. This shift is attributed to the U.S.'s efforts to reduce dependency on Chinese goods amid escalating tensions and to source more from closer, allied nations. The U.S. has maintained tariffs on Chinese imports, and the Biden administration encourages 'friend-shoring' and 'reshoring' of manufacturing. Some Chinese manufacturers have moved to Mexico to benefit from the U.S.-Mexico-Canada Trade Agreement. Meanwhile, China is reducing its reliance on U.S. imports, especially in the tech sector, by increasing its chipmaking capabilities.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 7:27 am

COR

WBA

Walgreens Boots Alliance, Inc. (WBA) has sold shares of Cencora, Inc. (COR) for approximately $992 million, reducing its ownership to about 13%. The sale includes $942 million sold under Rule 144 and a $50 million share repurchase by Cencora. The proceeds will be used by WBA for debt reduction and general corporate purposes. This transaction does not affect their ongoing collaboration and strategic partnership.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:46 am

ARM

BABA

DIS

HOLO

PYPL

U.S. stocks saw gains with PayPal, Arm Holdings, MicroCloud Hologram, Alibaba, and Disney being key focuses. PayPal reported a revenue increase and higher payment volumes, despite a stock dip. Arm Holdings' earnings beat estimates with strong demand for CPUs. MicroCloud Hologram's stock soared after announcing its industry association joining. Alibaba's revenue growth missed estimates but increased its share buyback program. Disney invested in Epic Games, aiming for growth across segments.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 2:21 am

PLNHF

NFL legend Ricky Williams, once criticized for his marijuana use, is now a prominent advocate for cannabis legalization and entrepreneurship. He has launched his own cannabis brand, Highsman, and is set to introduce a new brand, Highsman Sticky Ricky, at Planet 13 in Las Vegas during Super Bowl LVIII weekend. Williams' transition from a suspended athlete to a cannabis entrepreneur highlights the evolving perception of marijuana in sports and society.

Portfolio Pulse from Maureen Meehan

February 07, 2024 | 11:32 pm

ATI

FCX

USAU

Freeport-McMoRan Inc. (FCX) appoints Kathleen L. Quirk as new president and CEO effective June 11, 2024, with former CEO Richard C. Adkerson remaining as chairman. U.S. Gold Corp. (USAU) highlights the CK Gold Project's economic potential and its significance for the company's growth. Ridgeline Royalties announces new appointments to bolster its growth strategy and focus on battery metals. Allegheny Technologies Inc. (ATI) CFO Don Newman to speak at the Cowen Aerospace & Defense Conference.

Portfolio Pulse from Austin DeNoce

February 07, 2024 | 11:15 pm

AMC

DIS

FOX

FOXA

WBD

Disney announced several key developments including a Taylor Swift concert film exclusive to Disney+, Nick Saban joining ESPN as an on-air commentator, the theatrical release of 'Moana 2', a $1.5-billion investment in Epic Games, and financial highlights such as beating Q1 earnings estimates, raising its semi-annual dividend, and announcing a $3-billion share buyback. Additionally, Disney is involved in a joint venture with Warner Bros. Discovery and Fox Corporation.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:49 pm

ANET

COHR

CSCO

DELL

LITE

Amid concerns of a slowdown in AI projects, JP Morgan analyst Samik Chatterjee highlights a market rotation favoring Coherent Corp, Lumentum Holdings, and Cisco Systems as potential growth stocks, despite dips in Dell Technologies, Arista Networks, and Fabrinet. The shift is attributed to market share dynamics in the optics industry and strategic partnerships, like Cisco's with NVIDIA, rather than a decline in AI infrastructure deployments. Fabrinet's unique position in NVLink/InfiniBand connectivity and optimism in the Telecom sector are also noted.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:47 pm