Streetbeat News

Partnerships

APPS

ARM

SYRA

TENX

UCAR

U.S. stocks showed mixed performance with the Dow Jones falling by 0.29% and the NASDAQ rising by 0.26%. U.S. initial jobless claims decreased to 218,000, beating estimates. Syra Health Corp. surged 254% after announcing a $75 billion federal contract partnership. U Power Limited rose 40% with a new board appointment. Arm Holdings plc gained 58% on strong financial results and guidance. Conversely, Tenax Therapeutics, 23andMe, and Digital Turbine saw significant drops after disappointing financial updates.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 5:36 pm

FHTX

LLY

Foghorn Therapeutics Inc. (FHTX) stock surged 44.8% to $4.52 after announcing Eli Lilly And Co (LLY) selected FHD-909 for clinical development, targeting BRG1 mutated non-small cell lung cancer. This follows a collaboration between the two companies aimed at creating novel oncology medicines. Despite the surge, Wall Street views FHTX as Neutral, with expectations of a potential 40.0% fall in the coming year. However, FHTX's stock has risen 29.47% in the past 3 months, with revenue increasing by 163.46% over the past year.

Portfolio Pulse from Henry Khederian

February 08, 2024 | 4:48 pm

DIS

FOX

FOXA

WBD

The Walt Disney Company (NYSE:DIS) reported Q1 financial results, beating earnings per share estimates but missing on revenue. Analysts are bullish, with upgrades and raised price targets. Disney announced cost savings, a dividend increase, a share buyback plan, and subscriber growth for Disney+. A joint venture for a sports streaming platform with Fox Corporation (NASDAQ:FOX) (NASDAQ:FOXA) and Warner Bros. Discovery (NASDAQ:WBD) was also announced, along with plans for an ESPN standalone streaming platform.

Portfolio Pulse from Chris Katje

February 08, 2024 | 4:40 pm

CAUD

Collective Audience, Inc. (NASDAQ:CAUD), a leader in audience-based performance advertising and media, has appointed Joe Zawadzki as its board chairman. Zawadzki, with over 25 years in digital advertising and media, is recognized for his pioneering work, including founding MediaMath. His appointment aims to leverage his extensive experience for strategic acquisitions, partnerships, and innovation in the AdTech market. Collective Audience, recently rebranded following a merger, targets the AdTech market projected to reach $2.9 trillion by 2031.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:34 pm

AAPL

MSFT

Apple Inc. is set to launch Apple TV, Apple Music, and Apple Devices apps on Windows, moving away from iTunes for PC users. This development comes after collaboration with Microsoft Corporation for the apps' launch. The new apps aim to reduce iTunes dependency, offering services like music and album purchases, movie and TV show streaming, and device synchronization for Windows users. This strategic shift marks a significant departure from the traditional iTunes platform, which has been a cornerstone of digital media consumption for over two decades.

Portfolio Pulse from Rounak Jain

February 08, 2024 | 4:29 pm

ACHR

Archer has received Part 145 Certification from the FAA, marking a significant milestone in its journey towards commercialization in 2025. This certification allows Archer to operate a repair and maintenance station, underscoring its commitment to safety and operational standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:01 pm

IFNNY

TSLA

WKSP

Toyota Motor and Tesla Inc are facing challenges in EV battery innovation, with Tesla drivers experiencing difficulties in cold weather. Worksport Ltd, in collaboration with Infineon Technologies AG, is developing a portable battery system, COR, to address these issues by reducing weight and cost, and improving performance in extreme conditions. This partnership aims to enhance EV adoption by overcoming battery reliability concerns.

Portfolio Pulse from Upwallstreet

February 08, 2024 | 3:55 pm

BKKT

DIS

HKIT

MLGO

SYRA

TENX

YTEN

U.S. stocks showed mixed performance with the Dow slightly up and NASDAQ and S&P 500 slightly down. Disney reported better-than-expected earnings and announced a dividend and a share repurchase program, alongside a $1.5 billion investment in Epic Games. Energy shares rose, while utilities fell. Syra Health, Hitek Global, and MicroAlgo saw significant stock price increases, whereas Tenax Therapeutics, Bakkt Holdings, and Yield10 Bioscience experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:54 pm

BWA

XPEV

BorgWarner Inc. (NYSE:BWA) shares fell after reporting Q4 results with earnings and revenue missing estimates. Adjusted EPS was 90 cents versus the expected 94 cents, and revenues were $3.52 billion against the forecast of $3.65 billion. Despite a 6.2% year-over-year revenue increase, the company's FY24 sales outlook of $14.4 billion-$14.9 billion falls short of the $15.3 billion estimate. BorgWarner also announced the start of eMotor rotor and stator production for XPeng Inc. (NYSE:XPEV), targeting the X9 MPV and a future electric sedan.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 2:49 pm

CART

Instacart and Hy-Vee have announced a partnership where Hy-Vee will integrate Instacart's Fulfillment as a Service to enhance order fulfillment, expand delivery options, and optimize services for their customers. This collaboration aims to provide same-day delivery services, leveraging Instacart's technology and network.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:45 pm