Streetbeat News

Partnerships

CURLF

B NOBLE, founded by Fab 5 Freddy, is collaborating with Greenbook Academy to offer 100 free job training grants in Florida, focusing on cannabis trimming and dispensary technician training. This initiative aims to empower minorities and aspiring professionals in the cannabis industry. B NOBLE, in partnership with Curaleaf, is committed to social equity and supporting communities historically impacted by punitive cannabis laws. Curaleaf's SVP, Kate Smith, highlights the company's alignment with B NOBLE's goals and its commitment to diversity and social equity in cannabis.

Portfolio Pulse from Patricio Liddle

October 25, 2024 | 8:51 pm

LTBR

NNE

OKLO

Nuclear-linked stocks such as Oklo Inc., Lightbridge Corporation, and Nano Nuclear Energy are rising due to investments by Amazon Web Services and Google in nuclear energy for data centers. AWS announced partnerships to develop Small Modular Reactors, while Google signed a power purchase agreement with Kairos Power.

Portfolio Pulse from Vaishali Prayag

October 25, 2024 | 7:52 pm

LHX

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares hit a new 52-week high, driven by a strategic partnership with L3Harris Technologies Inc. (NYSE:LHX) to enhance AI-driven defense technology. Palantir's stock has surged 162.73% year-to-date, and the company is set to report its third-quarter earnings on November 4, 2024.

Portfolio Pulse from Vaishali Prayag

October 25, 2024 | 6:58 pm

TSLA

Tesla is nearing a $740 million deal with SK Hynix for enterprise solid-state drives (eSSD) to enhance its AI server capabilities. This move aligns with industry trends towards eSSD for improved speed and efficiency. SK Hynix's strong financial performance is driven by rising demand for eSSD and high-bandwidth memory.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:56 pm

AAPL

AMZN

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock has surged due to the launch of the Truth+ app and Donald Trump's increasing chances in the 2024 presidential election. The stock rose 31% in five days and 175% in thirty days. Trump's appearance on Joe Rogan's podcast is expected to further influence the stock.

Portfolio Pulse from Anusuya Lahiri

October 25, 2024 | 6:36 pm

MSFT

OpenAI has announced that it will not release a model called Orion this year, contradicting earlier reports. The Verge had reported that Orion would be launched by December, with Microsoft expected to gain early access. OpenAI plans to release other technologies instead.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 6:29 pm

BLK

MSFT

MSTR

Michael Saylor humorously suggested to Microsoft CEO Satya Nadella that he could help with Microsoft's Bitcoin strategy, as the company considers a Bitcoin investment. MicroStrategy has outperformed Microsoft due to its Bitcoin holdings, and BlackRock has shown confidence in Bitcoin by offering a Bitcoin ETF.

Portfolio Pulse from Khyathi Dalal

October 25, 2024 | 6:04 pm

BYON

Beyond, Inc. (NYSE:BYON) faces challenges with declining orders and cash concerns, leading BofA Securities to downgrade its stock. The company struggles with brand relaunches and partnerships, while reducing marketing spend impacts customer affinity. Despite cost-cutting efforts, revenue declines persist.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2024 | 5:48 pm

LTBR

NNE

OKLO

Nuclear-linked stocks are experiencing a rise in share prices due to increased optimism in the sector. This follows recent announcements by Amazon Web Services and Google regarding their investments in nuclear energy to power data centers.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 5:11 pm

DAL

JETS

LUV

UAL

The U.S. Global Jets ETF (JETS) has surged 51.65% over the past year, driven by strong performances from top holdings like Delta Air Lines (DAL) and Southwest Airlines (LUV). The ETF recently formed a Golden Cross, indicating a bullish trend. United Airlines (UAL) also contributed with strong earnings, while Delta faces challenges from a costly tech outage, and Southwest deals with Boeing delivery concerns.

Portfolio Pulse from Surbhi Jain

October 25, 2024 | 4:54 pm