Streetbeat News

Partnerships

AMZN

PLTR

Palantir Technologies (PLTR) shares have been volatile, reaching new 52-week highs before pulling back. The rally is driven by strong demand for its AI platform, better-than-expected quarterly results, and guidance for continued profitability in 2023. Recent events include price target raises by Jefferies and Goldman Sachs, a $463 million contract from the US Special Operations Command, and partnerships with Amazon Web Services and Panasonic Energy of North America.

Portfolio Pulse from Adam Eckert

June 08, 2023 | 2:29 pm

SPY

Citadel Securities, a leading market maker, is seeking partnerships with AI startups to gain a competitive edge in trading. The firm aims to leverage AI technology to improve its trading algorithms and strategies.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 2:26 pm

MGOL

MGO Global Inc (NASDAQ:MGOL) shares surged over 80% after announcing soccer legend Lionel Messi will join Major League Soccer's Inter Miami. MGO Global operates the Messi Store, a lifestyle apparel brand by Messi, and is expected to benefit from increased merchandise sales.

Portfolio Pulse from Adam Eckert

June 08, 2023 | 2:25 pm

MU

Micron Technology has signed a 15-year virtual power purchase agreement with renewable energy developer Terra-Gen for 178 MW of wind generation capacity. The deal supports Micron's goal of achieving 100% renewable energy in the US by 2025.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 2:21 pm

CPRI

Capri Holdings Ltd (NYSE:CPRI) has entered into a 3-year partnership with the National Fish and Wildlife Foundation (NFWF) to advance regenerative agriculture practices. The partnership aims to improve 150,000 acres of U.S. grasslands and generate $3 million in conservation impact through funding from both parties.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 2:16 pm

EIS

USO

Saudi Foreign Minister states that normalization of ties with Israel could bring significant benefits to all, but without a pathway to peace for Palestinians, it will have limited benefit.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 2:13 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) is launching Insight Lens for GenAI, a new service offering aimed at unlocking the potential of generative AI to drive value for clients. The service leverages partnerships with leading technology companies such as Microsoft, NVIDIA, and NetApp.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 2:08 pm

MS

Morgan Stanley plans to cut back its prime broking relationship with Odey Asset Management following a Financial Times report alleging long-term sexual misconduct. The move is considered a quick reaction to the allegations.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:45 pm

PSYBF

Massachusetts is moving towards decriminalization of natural substances, with growing interest in the therapeutic potential of psychedelics. PsyBio Therapeutics (OTC:PSYBF) holds a license for synthetic psilocybin developed by Miami University's Andrew Jones, who is now collaborating with the University of Cincinnati on non-hallucinogenic substances.

Portfolio Pulse from Lara Goldstein

June 08, 2023 | 1:44 pm

MGM

BetMGM has launched its mobile sports betting app in Puerto Rico in partnership with Casino del Mar at La Concha Resort. This marks the second market outside of the U.S. mainland for BetMGM's mobile sports betting app. BetMGM was the first operator to debut regulated retail sports betting in Puerto Rico in February 2022.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:31 pm