Streetbeat News

Partnerships

DOX

Amdocs (NASDAQ:DOX) has entered into a managed services agreement with NTT Infrastructure Network Corporation (NTT InfraNet) to modernize and migrate NTT InfraNet's IT operations systems to the cloud. This collaboration aims to enhance efficiency, reduce costs, and improve business capabilities for NTT InfraNet. Amdocs will provide a comprehensive cloud platform, migrate legacy IT systems, and offer cloud security and operations services.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:44 pm

DOX

Amdocs (NASDAQ:DOX) has been selected by Australia's TPG Telecom to modernize its monetization platforms. This multi-year agreement involves consolidating TPG's platforms to enhance operational efficiency and drive revenue growth across various customer segments. Amdocs will replace seven legacy systems with a cloud-based platform, aiming to improve service delivery and user experience for TPG's customers.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:43 pm

CVX

FLR

Fluor Corporation (NYSE:FLR) has entered into a license agreement with Chevron New Energies, a division of Chevron Corporation (NYSE:CVX), to implement Fluor's Econamine FG PlusSM carbon capture technology at Chevron's Eastridge Cogeneration facility in Kern County, California. This technology is expected to reduce the facility's CO2 emissions by approximately 95%. The license award was recognized by Fluor in the fourth quarter. Fluor will also provide a process design package, proprietary equipment, and technical support for the project.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:40 pm

EXC

Exelon (EXC) announces leadership changes: Mike Innocenzo is named Chief Operating Officer, Dave Velazquez will become President and CEO of PECO, and Denise Galambos will succeed Amy Best as Chief Human Resources Officer. Innocenzo will oversee utility operations and report to Exelon's CEO, Calvin Butler. Velazquez, with over 40 years of utility experience, will lead PECO, serving millions in Pennsylvania. Galambos, with a background in customer operations and HR at BGE, steps into her role as Exelon focuses on DEI and a cleaner future.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:34 pm

HLX

Helix Energy Solutions Group, Inc. (HLX) has announced an extension of its decommissioning contract with Trident Energy. The financial terms of the extension were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 9:32 pm

DIS

FOXA

WBD

Fox, Warner Bros. Discovery, and Disney are collaborating to create a new sports streaming venture, with equal ownership among the three companies. This strategic partnership aims to leverage their combined content and expertise in the sports broadcasting domain.

Portfolio Pulse from Charles Gross

February 06, 2024 | 9:26 pm

BA

SPR

Spirit Aerosystems has announced its commitment to continuous improvement in processes, working closely with Boeing and regulators, following a report by the National Transportation Safety Board (NTSB).

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:06 pm

LYFT

UBER

Uber Technologies Inc (NYSE:UBER) is experiencing a significant stock surge, reaching new all-time highs ahead of its Q4 earnings report on Feb. 7, with expectations of 15 cents EPS and $9 billion in revenues. The stock has risen over 105% in the past year and 13% in 2024, crossing $70 a share on Feb. 6. Analysts focus on Uber's growth in mobility and delivery sectors, its financial performance, and strategic management. The company's clarification on labor reclassification and its market dominance over competitors like Lyft Inc (NASDAQ:LYFT) contribute to its positive outlook. Analyst consensus rates Uber as a Buy with a target price of $60.75, with recent estimates between $68 and $79.

Portfolio Pulse from Surbhi Jain

February 06, 2024 | 8:03 pm

NANC

NVDA

Nancy Pelosi and her husband gained over $1 million from Nvidia (NVDA) call options, with the transaction occurring in November and the stake now worth over $3 million. Nvidia's strong performance and partnership with the U.S. government on AI research have contributed to its success. Pelosi's stock transactions, including a previous sale of Nvidia shares at a loss, have been scrutinized, especially in light of the CHIPS Act and her visit to Taiwan. The Unusual Whales Subversive Democratic Trading ETF (NANC) tracks stock trading activity of Democrats in Congress.

Portfolio Pulse from Chris Katje

February 06, 2024 | 8:00 pm

AVGO

GOOG

GOOGL

META

MSFT

JPMorgan analyst Harlan Sur initiated coverage of Broadcom Inc (NASDAQ:AVGO) with an Overweight rating and a $1,550 price target, highlighting its leadership in AI, cloud datacenter, and semiconductor infrastructure. Broadcom's strategic partnerships with Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), and Microsoft Corp (NASDAQ:MSFT) in custom chip (ASIC) opportunities are emphasized. Sur projects FY24 revenue and EPS close to consensus estimates and anticipates significant earnings power by the second half of 2025.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 7:11 pm