Streetbeat News

Partnerships

APPL

BYDDF

DIDIY

TSLA

XPEV

Analysts predict a potential spike in the stock price of China's largest EV maker, BYD Company Limited (OTC:BYDDF) (OTC:BYDDY), due to rising sales, improving margins, and rapid overseas expansion. Despite underperforming compared to peers like Tesla Inc (NASDAQ:TSLA), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI), BYD is seen as undervalued. The company's battery business, which supplies many EV manufacturers and holds 16% of the global EV battery market, has helped maintain profit margins over 18%. DBS Bank and Livy Investment Research have bullish outlooks for BYD, citing strong vehicle sales, a net cash balance of $8.4 billion, partnerships with companies like Apple Inc (NASDAQ:APPL), and a solid overseas market strategy.

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 2:09 pm

KTOS

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) and Boeing Company (NYSE:BA) have signed a Memorandum of Understanding for the use of Kratos' TDI-J85 turbine engine in Boeing’s Powered Joint Direct Attack Munition (JDAM). The partnership aims to enhance range and affordability of the JDAM, which is engineered for mass production and exportable to 35 partner nations.

Portfolio Pulse from Akanksha Bakshi

October 16, 2023 | 1:56 pm

MEDIF

Several new cannabis products have been introduced to the global health and wellness market. Cornbread Hemp has launched the first USDA-certified organic CBD Sleep Gummies. UCG Inc. has partnered with Mana Supply to introduce the Dabstract brand to Missouri's recreational cannabis market. Earthy Select has expanded its premium THCa flower product line. MediPharm Labs Corp. has introduced GMP-certified Beacon Medical cannabis products into the Australian medical market.

Portfolio Pulse from Joana Scopel

October 16, 2023 | 1:48 pm

VUZI

Vuzix Corporation (NASDAQ:VUZI), a supplier of smart glasses and Augmented Reality (AR) technology, has received and partially delivered additional follow-on and new design orders from three Tier-1 aerospace and defense contractors. The revenue from these orders is in the mid six-figure range. The company expects to receive additional non-recurring engineering orders for subsequent phases from some of these contractors. The final product designs could lead to production program orders.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:22 pm

WISA

WiSA Technologies is exploring strategic alternatives, which may include acquiring or selling assets, merging with another company, forming partnerships, or repurchasing stock purchase warrants using funds from its next financing round, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:21 pm

AMZN

BRZE

Braze (NASDAQ:BRZE), a customer engagement platform, announced its availability in AWS Marketplace, a digital catalog for software listings that run on Amazon Web Services (AWS). This move deepens the relationship between Braze and AWS, simplifying procurement and deployment for Braze customers. The platform enables brands to create multi-channel experiences that exceed customer expectations, boosting retention rates and purchases per user.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:14 pm

PODC

PodcastOne has signed an exclusive multi-year partnership with Rabia Chaudry's Nighty Night Anthology Podcast Series. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:10 pm

INTZ

MNTR

PRKA

RAIN

Insiders have recently bought shares in four penny stocks: Parks! America, Inc. (OTC:PRKA), Rain Oncology Inc. (NASDAQ:RAIN), Intrusion Inc. (NASDAQ:INTZ), and Mentor Capital, Inc. (OTC:MNTR). Parks! America's revenues fell in the recent quarter, Rain Oncology posted a wider-than-expected quarterly loss, Intrusion was awarded a $5 million multi-year shield agreement, and Mentor Capital's stock gained around 38% year-to-date.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:07 pm

ACHR

Archer Aviation Inc. (ACHR) and Abu Dhabi Investment Office (ADIO) have announced a plan to launch Archer's all-electric air taxi service across the UAE. The service is expected to start in 2026. ADIO will support Archer's launch through incentives. Archer will also build an engineering Center of Excellence to support the advanced air mobility industry in the UAE and the Middle East. Archer has raised over $1.1 billion of funding to date, including investments from Mubadala Capital, United Airlines, Stellantis, and Boeing.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:04 pm

FTNT

GOOG

Fortinet has expanded its global Secure Access Service Edge (SASE) points-of-presence through a partnership with Google Cloud. This allows Fortinet to leverage Google Cloud's global network edge locations, which offer dedicated interconnect and 99.99% service availability, to accelerate the expansion of Fortinet's Universal SASE solution.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:04 pm