Streetbeat News

Partnerships

NFLX

TKO

Vince McMahon criticizes Netflix for its portrayal of him in an upcoming docuseries, 'Mr. McMahon,' set to release on September 25. The series, produced since 2020, covers McMahon's controversial tenure at WWE. McMahon claims the series misrepresents him and hopes viewers remain open-minded. The docuseries precedes a $5 billion, 10-year deal between WWE and Netflix starting in 2025.

Portfolio Pulse from Chris Katje

September 24, 2024 | 3:18 pm

DJD

SPDG

VZ

Verizon Communications Inc (NYSE:VZ) has partnered with Vay to integrate 5G connectivity into Vay's teledriving electric vehicle fleet. This collaboration aids Vay's entry into the U.S. market. Verizon is focusing on cost-cutting measures following underwhelming quarterly results, including a severance charge and asset discontinuation. Verizon's stock has risen by 34% over the past year, and investors can access it through ETFs like Invesco DJD and SPDR SPDG.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 3:13 pm

RELL

Richardson Electronics has entered a global distribution agreement with Quantic MWD to expand its portfolio with microwave and millimeter wave products. This partnership aims to enhance product accessibility for various applications, including space, defense, and industrial sectors.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:07 pm

PVH

PVH Corp. is in contact with China's Ministry of Commerce, which could have implications for its business operations in China. This development may affect investor sentiment towards PVH, as China is a significant market for the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:57 pm

EH

EHang Holdings Limited (NASDAQ:EH) successfully completed the first flight of its EH216-S pilotless eVTOL in Brazil, marking a significant milestone for Urban Air Mobility solutions in the region. This achievement highlights EHang's expansion and potential in one of the world's largest eVTOL markets.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:46 pm

HAIL

PBW

XPEV

XPeng Inc. shares are trading higher due to a new stimulus package from China's Central Bank and a dealership agreement to enter the Qatari market. The company aims to expand its global presence with Pioneer Motors as its partner. XPeng's stock has declined over 39% in the past year, but it is currently up 7.17%. Investors can access XPeng through ETFs like SPDR S&P Kensho Smart Mobility ETF and Invesco WilderHill Clean Energy ETF.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 2:38 pm

XHG

XChange Tec.INC shares rose following the announcement of a securities purchase agreement with VG Master Fund SPC.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:37 pm

BABA

NVDA

Alibaba has partnered with Nvidia to enhance AI capabilities in autonomous driving, integrating Alibaba's Qwen LLMs with Nvidia's Drive AGX Orin platform. This collaboration positions Alibaba at the forefront of automotive AI technology. The People's Bank of China's recent interest rate cuts have boosted investor confidence, contributing to a rally in Chinese stocks, including Alibaba. Technical indicators show bullish momentum for Alibaba's stock, though caution is advised as it approaches overbought territory.

Portfolio Pulse from Surbhi Jain

September 24, 2024 | 2:19 pm

RUN

TOL

Sunrun Inc (NASDAQ:RUN) shares rose after announcing a national partnership with Toll Brothers Inc (NYSE:TOL) to provide solar power and storage to Toll Brothers homes. Sunrun will be the exclusive solar provider for Toll Brothers homes in California and has a preferred agreement for other divisions. Morgan Stanley maintained an Overweight rating on Sunrun with a $35 price target.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 1:26 pm

SFWL

Shengfeng Development's shares rose following the renewal of its logistics services contract with BYD, indicating positive investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:23 pm