Streetbeat News

Partnerships

IGT

IGT has extended its contract with UAB Perlas Network for an additional 12 years, until 2035. The agreement includes upgrades to the Lottery's central retail system with advanced software and user interfaces.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:37 pm

ACN

IBM

IT

NVDA

QQQ

Marc Chaikin of Chaikin Analytics suggests investing in IT technology stocks like IBM, Accenture, and Gartner as a way to capitalize on the AI boom, highlighting their potential growth due to increased demand for AI consulting services. While these stocks have seen a 30% increase in the past year, they've underperformed compared to the Invesco QQQ Trust and chip companies like NVIDIA, which saw a 200% increase.

Portfolio Pulse from Aaron Bry

February 01, 2024 | 9:16 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares dropped over 11% after a recent surge, following announcements of a U.S. Postal Service purchase and a successful addition of EVs to Zeeba's fleet. The U.S. Postal Service will buy six LDV 190s for delivery in Q1 2024, and Zeeba has added Canoo EVs to its fleet under an existing agreement for 5,450 vehicles. Canoo's stock had previously gained over 30% after these announcements.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 8:45 pm

GCI

Gannett has become a content partner of the Big Ten Conference, marking a significant collaboration in the sports and media industry.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:20 pm

AA

ATI

SXC

ATI Inc. and SunCoke Energy reported their 2023 financial results, showing growth in sales and net income. ATI's sales were driven by the aerospace and defense sectors, while SunCoke's performance was bolstered by its Domestic Coke segment. Alcoa Corporation announced a partnership with Nexans to supply low-carbon aluminum rod using its ELYSIS technology, aiming to reduce greenhouse gas emissions in aluminum smelting.

Portfolio Pulse from Austin DeNoce

February 01, 2024 | 8:20 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burned nearly 10 billion tokens in January, with its marketing lead expressing optimism about Shibarium's progress and potential significant partnerships. The burn rate in the past 24 hours was 78%, with the total burned tokens nearing half of Shiba Inu's maximum supply. Shibburn data revealed 9.94 billion SHIB were burned in January across 269 transactions. Lucie's statement about Shibarium attracting strategic partnerships and the recent whale transfers involving 1.2 trillion tokens suggest potential liquidity movements and positive fundamentals for SHIB, BONE, and LEASH.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 8:20 pm

SONY

Sony Group Corp. (NYSE:SONY) showcased an extensive lineup of upcoming PS5 games at its 2024 State of Play event, including Death Stranding 2, Dragon's Dogma II, and a new Sonic x Shadow Generations game. The event also highlighted partnerships and expansions into new platforms, indicating Sony's strategic focus on broadening its gaming ecosystem.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 8:16 pm

AAPL

DIS

META

Apple Inc (AAPL) unveiled its Apple Vision Pro augmented reality headset at WWDC 2023, set for release on Feb. 2 with a price of $3,499. CEO Tim Cook and other executives, along with director James Cameron, praised the device's groundbreaking technology. The Vision Pro, featuring apps from Zoom, Microsoft, and Disney (DIS), faces competition from Meta Platforms' (META) Meta Quest 3. Analysts are optimistic but note challenges in pricing and market penetration.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:45 pm

ATRA

Atara Biotherapeutics' stock price increased following the announcement of the publication of Phase 3 ALLELE Tab-cel data in collaboration with Pierre Fabre Laboratories.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 pm

DWAC

RUM

Digital World Acquisition Corporation (DWAC) is testing a video streaming platform for Truth Social, potentially impacting its partnership with Rumble Inc (RUM). DWAC's merger with Trump Media & Technology Group (TMTG) includes plans to expand Truth Social's offerings, potentially competing with Rumble, which currently hosts Trump's videos. This development could affect Rumble's stock, which has seen volatility linked to Trump's political activities.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:27 pm