Streetbeat News

Partnerships

AAPL

QCOM

SSNLF

Qualcomm Inc. (QCOM) has extended its deals with Apple Inc. (AAPL) and Samsung Electronics Co Ltd. (SSNLF), with the Apple modem deal now running through 2027. Qualcomm reported a 5% year-on-year revenue increase to $9.94 billion for the December 2023 quarter. The extensions highlight the challenges of fabricating high-quality chipsets and modems, as Apple's in-house 5G modem rollout has been delayed, and Samsung continues to use Qualcomm's Snapdragon chipsets for its flagship Galaxy smartphones.

Portfolio Pulse from Rounak Jain

February 01, 2024 | 9:41 am

AAPL

GOOG

GOOGL

MSFT

NFLX

SPOT

Apple Inc.'s new mixed reality headset, Vision Pro, will feature Microsoft 365 apps, targeting professional users. The device will include productivity tools like Teams, Word, Excel, and PowerPoint with custom features for the headset. However, popular entertainment apps like Netflix, YouTube, and Spotify will not be available on Vision Pro. Zoom Video Communications is launching a new app for the device to enhance hybrid collaboration.

Portfolio Pulse from Ananya Gairola

February 01, 2024 | 9:07 am

LAD

Lithia & Driveway (LAD) has completed the acquisition of the UK motor and fleet management divisions of Pendragon PLC, which will be renamed Pinewood Technologies Group PLC. This move also establishes a strategic partnership with Pinewood Technologies.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:27 am

BMWYY

DASTY

BMW Group has partnered with Dassault Systèmes to integrate the 3DEXPERIENCE platform into BMW's future engineering platform. This collaboration aims to enhance BMW's engineering processes and product development.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:13 am

NVST

Envista Holdings Corporation (NVST) has become a Platinum Industry partner with Women in DSO, an organization focused on advancing and empowering female professionals in the dental support organization industry.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:56 am

COTY

Coty Inc. has announced the extension of its long-term licensing agreement with the fashion brand bruno banani. Additionally, Coty has renewed its licensing partnership with the lifestyle brand Mexx. These agreements allow Coty to continue leveraging these brands to create and distribute fragrances. The renewal of these partnerships indicates Coty's commitment to maintaining its portfolio of licensed brands and may positively influence its product offerings and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:49 am

HYMTF

IVCGF

Hyundai Motor has entered into a partnership with Iveco to supply Iveco-branded all-electric light commercial vehicles (eLCVs) for the European market. The vehicles will be based on Hyundai's global eLCV platform.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 am

GELYF

GELYY

PSNY

VLVLY

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) may soon welcome Geely Sweden Holding, a subsidiary of Geely Holding Group, as a new shareholder. This potential shift in ownership is under evaluation by Volvo Cars, which could redistribute shares to its shareholders, making Geely Sweden Holding a primary recipient. Volvo Cars will continue its strategic partnership with Polestar in R&D, manufacturing, and other areas. Amid market challenges and competition, Polestar remains optimistic about its sales outlook for 2024. Bernstein analyst Daniel Roeska has suggested that Polestar might benefit from going private. Geely's EV arm, Zeekr, plans to double car deliveries in 2024, indicating a strategic alignment with Polestar's focus on electric performance cars.

Portfolio Pulse from Benzinga Neuro

February 01, 2024 | 7:30 am

DGX

Quest Diagnostics (NYSE:DGX) is anticipated to report higher Q4 earnings at $2.11 per share compared to $1.98 a year ago, with projected revenue of $2.25 billion versus $2.33 billion previously. The company has also partnered with Fitbit for metabolic health research. Despite this, shares dropped 0.3% to $128.43. Analysts from Truist Securities, B of A Securities, Citigroup, UBS, and JP Morgan have provided various ratings and price targets for DGX, with accuracy rates ranging from 68% to 76%.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 6:23 am

GOEV

Canoo Inc. (NASDAQ:GOEV) has begun delivering electric vehicles to Zeeba, fulfilling part of a 5,450-unit fleet agreement from October 2022. Canoo's CEO highlighted the deal's role in commercial fleet electrification, noting Zeeba's revenue growth and client backlog. Despite a Q3 adjusted net loss of $46.1 million, Canoo's stock rose 13.3% on the news, with a slight after-hours decline.

Portfolio Pulse from Anan Ashraf

February 01, 2024 | 5:47 am