Streetbeat News

Partnerships

CRBP

Corbus Pharmaceuticals' stock is trading higher following the announcement of positive data from the first-in-human clinical study of CRB-701. The data is being presented by its development partner CSPC Pharmaceutical at the ASCO GU 2024 conference.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:52 pm

ADTH

FOX

GOOG

NFLX

Four communication services sector stocks are showing overbought signals according to their RSI values, which may concern momentum investors. Fox Corporation (FOX) and Sinclair have renewed their affiliation agreement, boosting FOX's stock. AdTheorent Holding Company (ADTH) reported a Q3 loss but saw stock gains due to growth in key investment areas. Alphabet Inc. (GOOG) settled a major patent lawsuit, positively impacting its stock. Netflix, Inc. (NFLX) reported Q4 revenue exceeding expectations, leading to a stock increase.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 1:24 pm

INTC

MSFT

Intel Corp. (INTC) reported a record performance in consumer notebook shipments for the December quarter, with a 10% year-on-year increase in Q4 revenue to $15.4 billion, surpassing Wall Street estimates. The growth was led by the Client Computing Group with a 33% increase in revenue. Intel is optimistic about the 'year of AI PC' in 2024, as envisioned by Microsoft Corp. (MSFT), which is integrating AI across its products, including a dedicated AI Copilot key in keyboards. Both companies anticipate that the AI push could drive PC shipments above pre-Covid levels.

Portfolio Pulse from Rounak Jain

January 26, 2024 | 12:59 pm

APCX

AppTech Payments Corp. has announced a strategic partnership with First Inning Ventures aimed at revolutionizing fintech integration within the sports industry. This collaboration is expected to leverage AppTech's digital banking and payment technology expertise to enhance fan engagement and streamline financial transactions in sports-related businesses.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:21 pm

STEL

Climb Global Solutions has been recognized by Wasabi Partner as the Distributor of the Year for both North America and EMEA regions. This award highlights Climb Global Solutions' performance and partnership with Wasabi, potentially indicating strong sales and distribution capabilities in these territories.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 12:06 pm

FSR

Fisker Inc. leadership is set to attend the National Automobile Dealers Association Show, signaling a strategic shift towards forming dealer partnerships. This move indicates Fisker's commitment to expanding its distribution network and potentially improving its market reach and customer service capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 11:32 am

PEP

TSLA

PepsiCo Inc (NASDAQ:PEP) has reported that a Tesla Semi truck covered 1,076 miles in a single day with two drivers. PepsiCo, aiming for carbon neutrality by 2040, received Tesla Semis in 2022 and currently operates about 21 of them at its Sacramento distribution center. The Tesla Semi, still in pilot production, is expected to enter volume production in 2024. Tesla (NASDAQ:TSLA) is expanding Giga Nevada for Semi production and is working with PepsiCo to test the vehicle's durability.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 9:17 am

CANG

Cango Inc. has formed a strategic partnership with Caocao Mobility to develop a next-generation smart mobility ecosystem. The collaboration will focus on new car sales, used car transactions, financing services, and mobility offerings, utilizing the strengths and resources of both companies.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:25 am

JNPR

Juniper Networks has been chosen by James Cook University Singapore to provide an AI-driven network to support transformative blended learning experiences. This collaboration is expected to enhance the university's technological capabilities and offer advanced learning solutions.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:14 am

GOEV

Canoo Inc. (NASDAQ:GOEV) has announced a deal with the U.S. Postal Service (USPS) to supply six electric vehicles as part of USPS's $40 billion investment strategy. The vehicles, Canoo's Lifestyle Delivery Vehicle 190 (LDV 190), are expected to be delivered in Q1 2024. This purchase aligns with USPS's goal to have 66,000 EVs by 2028, including 45,000 battery-electric Next Generation Delivery Vehicles. USPS's total EV procurement plans include 21,000 vehicles, with 9,250 from Ford Motor Co, depending on market and operational factors.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 2:46 am