Streetbeat News

Partnerships

SQM

Shares of Sociedad Quimica Y Minera S.A. (SQM) are rising after the company signed a memorandum of understanding with Codelco to develop lithium in the Salar de Atacama from 2025 to 2060. Definitive agreements are expected in Q1 2024. The partnership will see Codelco receive profits for the commercialization of 201,000 metric tons of LCE from 2025 to 2030. SQM has contributed nearly US$2.4 billion to the Chilean treasury for the first nine months of 2023.

Portfolio Pulse from Nabaparna Bhattacharya

December 28, 2023 | 5:10 pm

INTC

MSFT

QCOM

Microsoft is planning major updates to its Surface Pro and Surface Laptop lines, including design upgrades and next-gen Intel 14th-Gen and Qualcomm Snapdragon X Series chips, expected in 2024. The Surface Pro 10 and Surface Laptop 6 will feature Arm variants with next-gen NPU silicon, aiming to compete with Apple Silicon. The Surface Laptop 6 will have an updated design with thinner bezels and more ports, while the Surface Pro 10 will have a brighter display with HDR support and other enhancements. Microsoft is also preparing for the Hudson Valley release of Windows, with CADMUS PCs built for next-gen AI experiences.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 5:07 pm

MDWD

VCEL

MediWound Ltd (NASDAQ:MDWD) received an additional $6.7 million in non-dilutive funding from the U.S. Department of Defense to develop NexoBrid, a non-surgical burn treatment. The total project budget is $14.4 million, aimed at creating a temperature-stable formulation of NexoBrid. Vericel Corporation (NASDAQ:VCEL) has the exclusive license for NexoBrid in North America. MDWD's stock price rose by 2.02% to $10.41 following the announcement.

Portfolio Pulse from Shivani Kumaresan

December 28, 2023 | 4:54 pm

AMKBY

A. P. Moller Maersk A/S (OTC:AMKBY) signed an MoU with Yokohama and Mitsubishi Gas Chemical to develop green methanol bunkering infrastructure. Maersk's new methanol-powered vessels will be delivered from 2024. Additionally, Maersk will resume sending vessels through the Red Sea, under the protection of Operation Prosperity Guardian, instead of rerouting around southern Africa. This change is expected to improve global trade efficiency. AMKBY shares dropped 2.10% to $8.85.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 4:38 pm

AMD

AMZN

BABA

BIDU

GOOG

META

NVDA

QQQ

SSNLF

AMD stock is trading higher, driven by Big Tech's investment in AI and a robust semiconductor sector. Baidu's Ernie Bot hit 100 million users, and AMD's new AI products position it as a key player after Nvidia. Samsung's growth in chip production and shipments indicates a global tech demand revival. AMD's stock rose over 8% in five days and 22% in a month, outperforming the broader tech index represented by Invesco QQQ Trust.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 4:29 pm

NIO

NIO Inc (NYSE:NIO) shares are rising due to positive policy commentary from China's central bank, which plans to support the economy and promote recovery. The People's Bank of China (PBOC) will increase macroeconomic policy adjustments, boosting financial support for enterprises. Nio's stock has also been buoyed by the launch of its new ET9 sedan and a $2.2 billion strategic equity investment from CYVN Investments, which now owns approximately 20.1% of Nio's common stock. Nio plans strategic and technology collaborations with CYVN internationally.

Portfolio Pulse from Adam Eckert

December 28, 2023 | 4:29 pm

CBDD

CBD of Denver, Inc. (OTC:CBDD) reported increased Q4 revenue, reaching $1.310 million, with Luxora contributing approximately $1.134 million and Libra 9 about $176,000. The company's growth is attributed to partnerships and market strategies, including a teleshopping partnership and trade show presence. Luxora's expansion in the European CBD wholesale market and potential entry into the German market are key growth drivers. The legalization of marijuana in Germany, which could impact Luxora, has been postponed to 2024. CBDD's stock rose 16.6667% to $0.0007 post-market on Wednesday.

Portfolio Pulse from Jelena Martinovic

December 28, 2023 | 4:02 pm

SHEL

QatarEnergy has signed a five-year crude oil supply agreement with Shell PLC (NYSE:SHEL), starting January 2024, for up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oils. This deal reinforces the long-standing strategic partnership between QatarEnergy and Shell, which includes shared investments in various energy projects worldwide. Shell's stock (SHEL) experienced a slight decline of 0.26% to $65.96.

Portfolio Pulse from Shivani Kumaresan

December 28, 2023 | 3:43 pm

SIDU

Sidus Space (NASDAQ:SIDU) concludes 2023 with significant achievements, including expanding services, securing new customers, and completing testing for the Q1 2024 launch of LizzieSat on SpaceX's Transporter-10. The company has also expanded its technology through acquisitions and partnerships, and is preparing for growth in 2024 with a focus on LEO and Lunar opportunities, expecting increased revenue from subscription customers and additional satellite launches.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:21 pm

SNES

SenesTech, Inc. (NASDAQ:SNES) stock has surged over 110% in the past five days following substantial initial orders for its Evolve Soft Bait product and an exclusive distribution agreement with Hong Kong-based Fruit Tree Limited. Analyst Amit Dayal of HC Wainwright & Co. maintained a Buy rating but lowered the price target from $4 to $3.5. The stock's trading volume has significantly exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

December 28, 2023 | 3:02 pm