Streetbeat News

Partnerships

GAN

RRR

GAN Limited has announced that Red Rock Resorts has begun field trials of GAN Sports under the STN Sports brand at all Station Casinos properties. These trials are currently underway across all Station properties.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:35 pm

AMPH

MNKD

MannKind Corporation has entered into the seventh amendment of its supply agreement with Amphastar Pharmaceuticals, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:23 pm

CURLF

Boris Jordan, founder of Curaleaf Holdings Inc (OTCQX:CURLF), predicts a major turnaround for the cannabis sector in 2024 after a challenging 2023. Growth catalysts include New York's move to adult use, Germany's shift to medical cannabis, and a potential Florida transition. Rescheduling cannabis in the U.S. could reduce tax burdens and unlock financial resources. Curaleaf's TSX uplift and expected custodianship by major banks aim to overcome investment barriers. Federal action on rescheduling by April next year is anticipated.

Portfolio Pulse from Patricio Liddle

December 27, 2023 | 9:05 pm

BBWI

TGT

TPR

Dana Telsey of Telsey Advisory Group shared her top retail stock picks for 2024 on CNBC, highlighting Ralph Lauren (RL) and Bath and Body Works (BBWI) for their innovation and growth potential. She predicts RL could reach $165 and praised BBWI's loyalty program. Telsey was optimistic about Target (TGT) due to upcoming brand collaborations and merchandise enhancements. However, she expects Estee Lauder (EL) to face a challenging year with earnings pressure, despite new product innovations in late 2024. Telsey sees opportunities in the luxury goods sector, mentioning LVMH's strength and Tapestry's (TPR) growth potential after its business combination with Michael Kors.

Portfolio Pulse from Erica Kollmann

December 27, 2023 | 8:38 pm

ROI

RiskOn International shares are trading higher in anticipation of the company's announcement of its new generative AI platform and the unveiling of a principal technology partner on January 3.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:08 pm

AZN

BMY

FUSN

LLY

Fusion Pharmaceuticals Inc (FUSN) is highlighted as a key player in the targeted radiopharmaceutical therapy (TRT) space by Oppenheimer, especially after recent acquisitions by Bristol Myers Squibb & Co (BMY) and Eli Lilly And Co (LLY). Fusion's partnership with AstraZeneca Plc (AZN) on advancing targeted radiotherapies and a profit-sharing agreement could position AstraZeneca for future acquisitions. Raymond James upgraded Fusion's stock from Outperform to Strong Buy with a price target of $15.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 5:42 pm

NXU

Nxu, Inc. (NASDAQ:NXU) has finalized a strategic investment in Lynx Motors through a share exchange, with $3M in Nxu shares swapped for $3M in Lynx shares. This partnership aims to accelerate highway electrification and helps Nxu comply with Nasdaq's listing standards. Nxu gains a seat on Lynx's Board and has provided a $250,000 interest-free bridge loan to Lynx.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 5:28 pm

ROI

RiskOn International, Inc. (NASDAQ:ROI) is set to announce a new generative AI platform and unveil its principal technology partner on January 3, 2024. The partnership is based on over five years of AI research and development, focusing on a full stack application built around a large language model (LLM). The company aims to commercialize the proprietary LLM research to enhance AI integration in everyday business operations.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 4:55 pm

AIR

AAR Corp (NYSE:AIR) has expanded its flight-hour component support agreement with ASL Aviation Holdings DAC, increasing the number of supported aircraft from 28 to 65. The contract now includes ASL Airlines from Belgium, France, the United Kingdom, and Ireland. AAR's Integrated Solutions will provide 24/7 support for the airlines' 737 fleets. Financial details of the deal were not disclosed. AAR's stock was trading slightly lower at the time of the report.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 4:50 pm

AMD

INTC

NVDA

AMD stock is in the spotlight due to its MI300 Data Center GPU, challenging Nvidia in the AI market. AMD's stock rose 17% last month, outperforming Nvidia's 2% gain. Analysts predict AMD could capture 5%-10% of the AI accelerator market, potentially worth $150-$400 billion by FY27E. Deutsche Bank notes AMD's strong AI market position and customer partnerships. Nvidia, AMD, and Intel are all competing in the generative AI data center processor space, with each company showcasing new products and performance improvements. AMD's MI300X GPU and MI300A APU offer significant performance gains, while Nvidia and Intel focus on their own strengths in software ecosystem and TCO savings, respectively. AMD's stock saw a slight increase of 0.74% to $144.48.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 4:10 pm