Streetbeat News

Partnerships

RVSN

Rail Vision (NASDAQ:RVSN) stock surged over 40% after announcing the implementation of new AI technology in its Main Line and Switch Yard systems. The company's stock has risen over 1000% in the past month, fueled by retail traders' interest and significant developments, including a key EU approval and a $5 million deal with a U.S. rail contractor. Despite the rapid increase, there is potential for both further gains and a pullback.

Portfolio Pulse from Aaron Bry

January 30, 2024 | 4:11 pm

AMZN

IRBT

Amazon (NASDAQ:AMZN) has partnered with Mexican fintech firm Kueski to offer bi-weekly installment payments in Mexico, allowing customers to make purchases without a credit card. Kueski will manage financing and credit assessment. Amazon also terminated its merger with iRobot (NASDAQ:IRBT), resulting in a $94 million termination fee paid by Amazon. AMZN shares dropped slightly by 0.20% to $160.93.

Portfolio Pulse from Nabaparna Bhattacharya

January 30, 2024 | 3:36 pm

INTC

QCOM

TXN

Qualcomm Inc (NASDAQ:QCOM) is set to report Q1 earnings on Jan. 31 with expectations of $2.37 EPS and $9.51 billion in revenues. Analysts are focusing on Qualcomm's growth in the automotive sector, AI capabilities, and stock valuation. The company's Snapdragon 8 Gen 3 chips and Oryon series for laptops show its competitive edge. Qualcomm's automotive business grew 23% sequentially in fiscal Q4, and its AI technology is expected to drive demand for semiconductor chips. Despite a forward P/E of 14.21, lower than peers Intel (NASDAQ:INTC) and Texas Instruments (NASDAQ:TXN), Qualcomm is seen as undervalued. Analysts maintain a Buy rating with a price target of $135.97, with recent targets up to $175. Qualcomm's stock closed at $150.44 on Jan. 29.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 3:20 pm

PBLA

Panbela Therapeutics, Inc. (NASDAQ:PBLA) shares dropped over 2% on Tuesday after a 65.3% decline on Monday. The company announced an abstract for SBP-101 was accepted for a poster presentation at the American Association for Cancer Research. Panbela is collaborating with Johns Hopkins University School of Medicine on this. Additionally, Panbela disclosed the pricing of a public offering of 4.38 million shares or pre-funded warrants, with two classes of warrants to purchase up to 8.75 million shares. The common warrants have an exercise price of $2.06 per share and are exercisable immediately, expiring in five years. The offering aims to raise approximately $9.0 million and is expected to close by January 31, 2024. Last week, Panbela was in news for enrolling in the ASPIRE global clinical trial for metastatic pancreatic cancer treatment.

Portfolio Pulse from Nabaparna Bhattacharya

January 30, 2024 | 2:56 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares dropped Tuesday morning after a 27% rally on Monday. The decline follows a broader EV sector weakness, influenced by Tesla's disappointing financial results. Lucid's upcoming Q4 financial report is expected to show a loss of 29 cents per share. A new partnership with Ma'aden Rolling for aluminum sheets and the appointment of Matt Everitt as General Counsel are recent positive developments. Technical analysis suggests Lucid's stock is below its 200-day moving average, indicating a bearish signal.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 2:48 pm

MSFT

NVEI

Nuvei has announced the launch of its B2B technology integration with Microsoft Dynamics 365 Business Central, aimed at enhancing accounting workflows and payments for customers using the ERP system.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:32 pm

SYF

PatientNow, a cloud-based practice management solution, has partnered with Synchrony to offer CareCredit, a healthcare financing option, to aesthetic and cosmetic businesses. This partnership aims to provide these businesses with a tool to help their clients finance procedures and treatments.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:20 pm

BIGC

Algolia, an AI search technology provider, has been named a Preferred Technology Partner by BigCommerce. FKA Brands has integrated Algolia's AI search with BigCommerce's platform, enhancing the shopping experience and achieving fast-time-to-value for customers.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:19 pm

DIS

PXLW

Pixelworks' stock is trading higher following the announcement of a multi-year agreement with Walt Disney Studios. This partnership is expected to be beneficial for Pixelworks, potentially leading to increased revenue and growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:18 pm

SHIP

Seanergy Maritime Holdings, through its subsidiary Seanergy Shipmanagement, has joined the SAFeCRAFT Project Consortium, which is EU funded. Seanergy will retrofit one of its Capesize vessels to use hydrogen for electric power generation and partial propulsion, aiming to reduce dependence on conventional fuels.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:14 pm