Streetbeat News

Partnerships

HOOD

Robinhood and Revolut are reportedly exploring the launch of their own stablecoins. Revolut has also announced plans to expand its crypto product suite.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:07 pm

CHTR

DIS

Needham analyst Laura Martin reiterated a Buy rating for Walt Disney Co (NYSE:DIS) with a $110 price target, citing key growth drivers such as a breakeven in DTC by fiscal 2024, new subscribers from Charter Communications, a $1.5 billion investment in Epic Games, and increased dividends and share repurchases. Martin also adjusted her revenue and income estimates for Disney's various divisions.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 5:06 pm

APO

C

FTXO

ICAP

Citigroup and Apollo Global Management have partnered to create a $25 billion private credit program, enhancing corporate lending access. The program will start in North America and may expand globally, involving Mubadala Investment Company and Apollo's subsidiary, Athene.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 5:06 pm

EBAY

Liberis has launched 'Flexible Cash Advance' in partnership with eBay Seller Capital in the US, offering eBay sellers financing from $5k to $2M. This product aims to help sellers manage cash flow, inventory, and unexpected expenses, with quick application and flexible repayment options.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:02 pm

DAL

LUV

Delta Air Lines shares rose by 6.09% following Southwest Airlines' announcement of a $2.5 billion share repurchase program, signaling optimism for the airline industry's recovery. Delta may benefit from industry tailwinds and cost-saving initiatives similar to Southwest's.

Portfolio Pulse from Henry Khederian

September 26, 2024 | 4:12 pm

LUV

Southwest Airlines' CEO has stated that a proxy fight with Elliott Management is not in the company's interest. The CEO expressed willingness to work cooperatively with Elliott Management.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:08 pm

DRLL

WEEI

XOM

ExxonMobil has proposed a $10 billion investment in Nigeria's deep-water oil operations, focusing on the Owo project. The company plans to invest $1 billion annually in maintenance and $1.5 billion to boost production by 50,000 barrels per day. Despite this, ExxonMobil shares are down 1.58%.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 4:07 pm

BKSY

BlackSky Technology shares rise following the announcement of a U.S. Navy research contract win for gen-3 advanced optical intersatellite links.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:07 pm

RIVN

Rivian Automotive's stock is trading slightly higher after a significant drop due to a Morgan Stanley downgrade. The downgrade was influenced by increased spending forecasts related to Rivian's partnership with Volkswagen. Rivian may benefit from U.S. tariffs on Chinese EV imports. Despite the recent downgrade, analysts have a positive outlook on Rivian with an average price target suggesting potential upside.

Portfolio Pulse from Erica Kollmann

September 26, 2024 | 4:06 pm

FXI

PYPL

PayPal has launched PayPal Complete Payments in China, an all-in-one platform to support Chinese merchants in global sales. This platform aims to streamline payment processes and enhance cross-border trade capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 4:02 pm