Streetbeat News

Partnerships

ANGO

GBX

MPW

PLTR

PTON

QQQ

SPY

STZ

US stocks are expected to continue their decline as investors await the December jobs report. Technology stocks are particularly affected by the current risk aversion. The jobs report will be crucial in determining market direction, with a stronger-than-expected report potentially pushing yields higher and exerting further downward pressure on the market. Analyst Louis Navellier suggests the S&P could test 4,800 if earnings growth projections for 2024 hold. Premarket trading saw SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) fall slightly. Stocks like Palantir Technologies (PLTR) and Medical Properties Trust (MPW) saw premarket movement due to an analyst downgrade and rent deferral news, respectively. Peloton Interactive (PTON) rose after a partnership announcement. AngioDynamics (ANGO), Constellation Brands (STZ), and Greenbrier Companies (GBX) are set to report quarterly results.

Portfolio Pulse from Shanthi Rexaline

January 05, 2024 | 12:36 pm

BTTC

Bitech Technologies has announced receiving an initial purchase order for its innovative energy-saving Virtual Power Plant (VPP) solution, marking the company's entry into the Building Energy Management System (BEMS) market. This move represents a strategic expansion for Bitech Technologies, potentially opening up new revenue streams and partnerships in the energy management sector.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:33 pm

PRQR

ProQR Therapeutics has partnered with the Rett Syndrome Research Trust to use Axiomer RNA editing technology for developing therapies for central nervous system diseases. This collaboration aims to leverage ProQR's proprietary technology to address genetic mutations without altering the DNA, potentially offering new treatment avenues for patients with CNS diseases.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:15 pm

CVAC

GSK

CureVac has announced positive interim results from the Phase 2 study of its COVID-19 vaccine, developed in collaboration with GlaxoSmithKline (GSK). The results validate CureVac's proprietary technology platform, which could have implications for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:08 pm

CVX

PSX

Phillips 66 (NYSE:PSX) is in discussions to sell non-core assets without a set timeline, as stated by CEO Mark Lashier. The company is optimistic about the long-term prospects of CP Chemical, its joint venture with Chevron Corp (NYSE:CVX). Phillips 66's 2024 capital budget is $2.2 billion, and Elliott Investment Management has proposed a plan to address underperformance. PSX shares dropped 0.50% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 05, 2024 | 11:51 am

AZN

Omniose, a preclinical biotechnology company, has entered into an exclusive collaboration with AstraZeneca to research potential vaccines for serious bacterial diseases. This partnership will focus on bacterial pathogens in AstraZeneca's early Vaccines & Immune Therapies pipeline.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:24 am

TPB

Turning Point Brands Canada has been named the exclusive master distributor for VPR Brands' HoneyStick products in Canada. This agreement will likely expand the market presence of HoneyStick, a line of premium vaporizers, in the Canadian market.

Portfolio Pulse from Charles Gross

January 05, 2024 | 11:04 am

AAPL

Apple Inc. has increased the APY for the Apple Card's linked savings account, Apple Savings, from 4.25% to 4.35%. This is the second hike since its launch in December. Competitors like Goldman Sachs' Marcus, UFB, and PNC offer higher APYs. Goldman Sachs may end its partnership with Apple, and potential replacements could be American Express or Synchrony Financial. The APY increase reflects Apple's efforts to improve its financial product offerings.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 9:39 am

NFLX

TMUS

T-Mobile US Inc. is altering its 'Netflix On Us' perk to include ads starting Jan. 24. Customers with the Netflix Basic benefit will be upgraded to the Standard plan with ads. T-Mobile's Go5G Next plan subscribers will also get access to Hulu (with ads), in addition to Apple TV+ and MLB.TV. Netflix has introduced an ad-supported tier that allows downloading of movies and shows, which will be ad-free, across all 12 regions where this tier is available. This change comes after Netflix's price increase in October 2023.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 8:50 am

005930.KS

TSLA

Samsung Electronics Co., Ltd. has announced a partnership with Tesla Inc. to integrate SmartThings Energy with Tesla's Powerwall, Solar Inverter, Wall Connector, and electric vehicles. The integration, facilitated by Tesla's open APIs, aims to enhance home energy management and monitoring through both Samsung devices and the Tesla app. This move aligns with Samsung's Net Zero Home project and is expected to launch in Q2 2024.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 8:24 am