Streetbeat News

Partnerships

HSIC

MNDY

MNTK

TTI

Monday.com Ltd. (MNDY) reported Q3 earnings that surpassed expectations, with adjusted EPS of $0.64 compared to the estimated $0.20, and sales of $189.19 million against the forecasted $182.36 million. The company expects Q4 revenue between $196 million and $198 million, and FY23 revenue between $723 million and $725 million. MNDY shares rose 9.9% to $154.03. Other stocks also moved higher, including Montauk Renewables (MNTK), TETRA Technologies (TTI), and Henry Schein (HSIC), following upgrades, partnerships, and positive earnings reports.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 4:30 pm

TSLA

Tesla Inc (TSLA) is expanding its Supercharger network through partnerships with major gas station operators. After a $100 million deal with BP, Tesla has now partnered with EG Group to sell Supercharger hardware for deployment at EG's gas stations. This marks a strategic shift for Tesla, moving towards selling its charging technology to third parties. EG Group will integrate Tesla's chargers into its 'evpoint' brand across the UK and Europe, with the network open to all drivers and supporting the Plug and Charge protocol.

Portfolio Pulse from Benzinga EV Insights

November 13, 2023 | 4:29 pm

AMP

CMA

Ameriprise Financial, Inc. (AMP) and Comerica, Inc. (CMA) have completed an arrangement making Ameriprise the new investment program provider for Comerica. The partnership involves around 100 financial advisors and $18 billion in assets, enhancing Comerica's wealth management offerings with Ameriprise's services, technology, and investment solutions. Comerica's wealth management division manages about $195 billion in assets, with $18 billion previously managed by its securities business now supported by Ameriprise.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:03 pm

IDT

Tori Samples, Senior Product Manager at Stellar Development Foundation, will speak at Benzinga's Future Of Digital Assets conference. She discusses the role of blockchain in providing financial services to displaced and marginalized populations. Samples highlights the success of Boss Money, a digital wallet for refugees and migrants in Africa, which was acquired by IDT Corporation in 2022. She also mentions Stellar Aid Assist, a tool for humanitarian organizations to send funds efficiently using blockchain technology. Samples emphasizes the importance of focusing on user benefits rather than the technology itself for wider adoption.

Portfolio Pulse from Tori Samples

November 13, 2023 | 3:36 pm

ACM

AECOM (NYSE:ACM) is expected to report higher earnings for Q4, with estimates at 97 cents per share compared to 89 cents per share a year ago. Revenue is projected at $3.69 billion, up from $3.43 billion. AECOM-DBS joint venture won a 3-year contract from the Chicago Department of Water Management. AECOM's stock closed up 2.8% at $80.31. Analysts have recently adjusted AECOM's price targets, with the most accurate analysts maintaining positive ratings but slightly lowering targets.

Portfolio Pulse from Lisa Levin

November 13, 2023 | 3:21 pm

CBOE

Cboe Digital announced it will launch margined Bitcoin and Ether futures on January 11, 2024, becoming the first U.S. regulated crypto native exchange and clearinghouse to offer spot and leveraged derivatives trading on a single platform. Supported by firms from both crypto and traditional finance sectors, the launch aims to provide capital efficiency and operational benefits. Cboe Digital will initially offer financially settled contracts, with plans for physically delivered products pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:12 pm

DIS

VZ

Verizon has launched 'Wish on a StAR,' a web-based AR experience in collaboration with Toys for Tots, coinciding with the release of Disney's movie 'Wish.' The AR experience allows users to donate to local Toys for Tots chapters by interacting with a virtual night sky. Verizon will also make a monetary donation and has offered tickets to an advanced screening of 'Wish' for certain purchases at its stores. The initiative aims to support underprivileged children during the holiday season.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 3:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is being discussed due to reports of India considering tax cuts on EV imports to attract Tesla and a potential meeting between CEO Elon Musk and Indian trade minister Piyush Goyal. Additionally, EG Group plans to buy Tesla charging units for its European network, and Tesla's FSD software version 12 is expected to be testable in two weeks. Tesla shares were down 1.23% at $212.19 at the time of publication.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 2:46 pm

AL

BA

Air Lease Corporation (AL) has signed a long-term lease agreement with EGYPTAIR for 18 new Boeing 737-8 aircraft, with deliveries scheduled between 2025 and 2026. These aircraft are part of ALC's orders from Boeing Company (BA) and represent the first time ALC has worked with Egypt's national airline. The deal is a strategic move for EGYPTAIR, aiming to modernize its fleet and improve fuel efficiency and competitiveness in the North African aviation market. AL's stock closed up 2.50% at $37.36 on Friday.

Portfolio Pulse from Akanksha Bakshi

November 13, 2023 | 2:21 pm

BSFC

SYY

Blue Star Foods Corp. (BSFC) has entered into a 2-year bid award purchase agreement with Sysco Corporation (SYY) to supply its sustainable seafood brands. The agreement is effective immediately and includes Blue Star's brands such as Blue Star, Pacifika, and Good Stuff. CEO John Keeler expressed confidence in gaining market share in 2024 due to the partnership and Sysco's strategic sourcing capabilities.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:18 pm