Streetbeat News

Partnerships

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LUG.TO

Zijin Mining Group is investing $97 million in Solaris Resources to advance its Warintza copper project in Ecuador. Zijin will purchase 28.5 million shares at a 14% premium, becoming the second-largest shareholder with about 15% ownership. The investment will help Solaris leverage Zijin's expertise and financial capacity. Despite security concerns in Ecuador, mining operations continue with enhanced measures, and no foreign companies have left the country.

Portfolio Pulse from Stjepan Kalinic

January 12, 2024 | 2:59 pm

AUVI

Applied UV, Inc. (NASDAQ:AUVI) shares surged after announcing the launch of its Fighter Flex LED solution for HVAC systems at the AHR Expo on January 22nd. The company is finalizing distribution agreements with major smart-building technology brands. The new solution is expected to offer significant energy savings and maintenance benefits. Last month, AUVI also announced a collaboration with Silver Cross Hospital for implementing Far-UVC Puro Protect 222nm fixtures.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 2:43 pm

FXLV

LULU

NKE

PLNT

PTON

The article discusses the trend of partnering up for fitness in 2024, highlighting the potential investment opportunities in fitness-related companies. Gym memberships are on the rise, benefiting Planet Fitness (NYSE:PLNT), which promotes workouts with a gym buddy. F45 Training (OTC:FXLV) offers community training classes. Peloton Interactive (NASDAQ:PTON) has partnered with TikTok for custom content, causing its shares to jump despite its low valuation. Nike (NYSE:NKE) and Lululemon Athletica (NASDAQ:LULU) provide athletic apparel, with Nike's shares potentially at a good value and Lululemon's shares falling after a strong 2023. Under Armour (NYSE:UA) offers hiking and waterproof gear, with its shares possibly undervalued.

Portfolio Pulse from Neil Dennis

January 12, 2024 | 2:00 pm

LUXH

LuxUrban Hotels announced that The Royalton by LuxUrban, part of the Trademark Collection by Wyndham, will start receiving guests in January. This news indicates the expansion of LuxUrban Hotels' operations and its partnership with Wyndham.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:05 pm

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla Inc (NASDAQ:TSLA) investor, criticized the potential integration of Elon Musk's Grok AI into Tesla vehicles. He believes it's a conflict of interest for Tesla shareholders if they don't own the AI OS on Tesla cars, suggesting instead that Tesla should develop its own Large Language Model (LLM) using its resources and AI team. Musk has previously hinted at a partnership between Tesla and his AI startup, xAI, to integrate Grok AI into Tesla cars.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 12:23 pm

BABA

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) stock has dropped 77% from its 2020 peak due to slow domestic sales, competition, and changes in leadership and strategy. Despite this, Alibaba's DingTalk platform reached 700 million users and is innovating with an AI agent. Alibaba's Taobao and Tmall Group are testing new AI tools for merchants, and Cainiao is launching a new service in the U.S. BABA shares traded lower by 0.41% at $72.08 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:16 pm

EFC

HYW

Ellington Financial Inc. (EFC) and Hywin Holdings Ltd. (HYW) are identified as oversold financial stocks with RSIs of 29.54 and 6.13, respectively. EFC recently saw a 3% decline over the past month after a merger approval with Arlington Asset Investment, while HYW dropped about 77% after announcing a strategic partnership with Tencent Cloud. Both stocks are considered potential buys for their undervalued status.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 12:03 pm

DCPH

Genesis Pharma and Deciphera Pharmaceuticals (DCPH) have entered into an exclusive distribution agreement for Ripretinib in 14 European markets, specifically in Central and Eastern Europe. The agreement focuses on the commercialization of Ripretinib for the treatment of fourth-line gastrointestinal stromal tumor (GIST).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 11:39 am

STLA

Stellantis N.V. (NYSE:STLA) has invested in Tiamat, a French developer of sodium-ion battery technology, through its venture fund, Stellantis Ventures. This investment aligns with Stellantis' Dare Forward 2030 strategic plan, aiming for carbon net zero by 2038 and a significant shift to electric vehicles (EVs) with a 100% BEV sales mix in Europe and 50% in the US by 2030. Stellantis is also securing 400 GWh of battery capacity and has previously partnered with Ample for a Modular Battery Swapping solution and announced plans to increase vehicle production in Italy.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 10:58 am

AAPL

MSFT

Apple Inc. is introducing a face-scanning feature in its Apple Store app to determine the correct size for its upcoming Apple Vision Pro mixed reality headset. The feature, which was found in the App Store app code, is part of Apple's efforts to ensure a perfect fit for the device, which includes a Light Seal and headband. Apple is branding the Vision Pro as a 'spatial computing' device and has developed specific terminology for developers. The Vision Pro will launch with a library of spatial games and movies, including over 250 games on Apple Arcade. FaceTime will also be optimized for the Vision Pro, displaying users as 'personas' during calls, compatible with third-party apps like Zoom and Microsoft Teams. Apple is focused on perfecting the Vision Pro launch, including training employees and preparing stores for a smooth customer experience.

Portfolio Pulse from Rounak Jain

January 12, 2024 | 10:48 am