Streetbeat News

Partnerships

STZ

Wedbush analyst Gerald Pascarelli has reiterated an Outperform rating on Constellation Brands Inc (STZ) and raised the price target from $275 to $300. The analyst added STZ to the Wedbush Best Ideas List (BIL). STZ is expected to report 2Q FY24 earnings on October 5. The analyst predicts a beer revenue growth of 9.7% for the quarter and expects margins to improve in the back half of the year. The recent partnership with Elliott Management is also expected to strengthen the company's corporate governance structure.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 6:26 pm

XBRAF

Cannabis company Xebra Brands Ltd. plans to complete a non-brokered private placement of up to CA$1 million ($733,898) according to a binding commitment from a strategic investor. The company will issue up to 12 million units at CA$0.05 per unit and a concurrent placement of up to a principal amount of CA$400,000 of unsecured convertible debenture units. The strategic investor will have the right to appoint one director to the company's board and a board observer. The closing of the unit offering will be on or about October 6, 2023.

Portfolio Pulse from Jelena Martinovic

October 03, 2023 | 6:22 pm

GDOT

Green Dot Corporation (NYSE:GDOT) and Stockpile, Inc. have announced a partnership to introduce products, tools, and features aimed at making investing and personal finance more accessible to consumers of all ages. The partnership will leverage Green Dot's banking-as-a-service (BaaS) platform to embed parental spending controls and debit card functionality for minors in Stockpile's retail investing product suite. The initial new feature will be a debit card with parental spending controls.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:15 pm

USDCUSD

Circle, the issuer of USDC, plans to implement its cross-chain transfer protocol (CCTP) with a Cosmos-based token protocol, Noble. This will be the first integration with a non-Ethereum Virtual Machine chain. The move is expected to make USDC transfers seamless and boost its market cap. USDC has a circulating supply of almost $25 billion, with $20 billion being Ethereum.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 5:08 pm

CMG

Chipotle Mexican Grill Inc (NYSE:CMG) is testing an automated digital makeline in collaboration with food robotics company Hyphen. The system, designed and built by Hyphen, is being tested at the Chipotle Cultivate Center in Irvine, California. The cobotic system creates bowls and salads, which make up about 65% of all Chipotle digital orders. The company aims to make the automated digital makeline the centerpiece of all its restaurants' digital kitchens.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 4:50 pm

T

DirecTV has expressed concerns that CNN's new streaming service may violate their existing deal. The satellite TV provider, owned by AT&T (T), has warned that the move could potentially breach their contract, which could lead to legal disputes.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:18 pm

PATH

UiPath Inc (NYSE:PATH) has expanded its partnership with Apprio to offer AI-powered automation solutions for midmarket healthcare companies. The collaboration will help UiPath accelerate its capabilities in transforming and modernizing the healthcare industry. Earlier this year, UiPath achieved certified status for its UiPath Orchestrator, UiPath Insights, UiPath Automation Hub, and their supporting services in the UiPath Automation Cloud Platform. Last month, UiPath posted Q2 earnings of nine cents per share, beating the analyst consensus estimate of three cents.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 4:17 pm

CHDN

DKNG

Stifel analyst Jeffrey Stantial has initiated Churchill Downs Inc (NASDAQ:CHDN) with a Buy rating and a price target of $148. Stantial believes Churchill Downs could be one of the best growth stories in the gaming space, with potential for high ROI expansion projects. The company operates with three segments: live & historical racing, TwinSpires and gaming. Churchill Downs has partnered with DraftKings Inc (NASDAQ:DKNG) for its DK Horse platform.

Portfolio Pulse from Chris Katje

October 03, 2023 | 4:07 pm

AAPL

PYPL

PayPal and Venmo credit and debit cards can now be added to Apple Wallet. This allows customers to earn cashback and rewards while using Apple Pay for in-store, online, or app-based payments.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:01 pm

JBLU

UBER

Uber Technologies, Inc's enterprise arm Uber for Business has partnered with JetBlue Airways Corporation to offer complimentary Uber vouchers to customers who experience qualified travel disruptions or flight delays. The program is currently available across the U.S. and plans to expand internationally in the coming months.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 3:55 pm