Streetbeat News

Partnerships

PENN

Analysts have provided mixed ratings for PENN Entertainment over the past three months, with a recent average price target increase to $23.91. Despite some positive adjustments, PENN faces challenges with declining revenue, low net margins, and below-average ROE and ROA. The company's prudent debt management and strategic partnerships, such as with ESPN, are notable.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

CAE

CAE Defense & Security USA has secured a $57 million contract from the U.S. Navy to provide training devices for the Indian Navy's MH-60R helicopter pilots and crew. This contract includes the development of two training devices and support for the MH-60R platform.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:59 pm

KSCP

Knightscope has secured three new contracts for its emergency communication devices, expanding its services with existing university clients in California and Texas, and selling four K1 Blue Light Towers in New Jersey.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:44 pm

BLDE

Blade Air Mobility has partnered with Qatar Airways to offer seamless travel for passengers to or from Monaco. This service includes a helicopter flight and limousine service, enhancing the travel experience.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:30 pm

CNVS

Cineverse has integrated LiveRamp's cookieless authenticated traffic solution into its Matchpoint OTT platform. This integration aims to enhance content distribution efficiency for both current and future customers.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:21 pm

MULN

Mullen Automotive has begun shipping electric vehicles under a $210 million contract with UAE-based Volt Mobility. The agreement involves the purchase of 3,000 EV cargo vans and trucks over 16 months, with revenue recognition starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:16 pm

APDN

Applied DNA Sciences, Inc. has been selected by LRQA for a pilot isotopic testing project in Pakistan to demonstrate the effectiveness of its CertainT® platform for cotton textile traceability. The project is part of a U.S. Department of Labor-funded initiative to reduce child and forced labor in global supply chains.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:10 pm

AMD

INTC

MSFT

NVDA

SOXX

VGT

AMD has hired Keith Strier from Nvidia to lead its global AI markets, aiming to enhance its AI capabilities and market share. AMD plans to acquire AI server company ZT Systems for $4.9 billion. Analysts favor Nvidia as a key AI player, but AMD is expected to grow its data center GPU revenue significantly in 2024. AMD stock has risen 24% over the past year, and investors can gain exposure through ETFs like VGT and SOXX.

Portfolio Pulse from Anusuya Lahiri

September 04, 2024 | 1:10 pm

AMCX

AMC Networks shares declined following the announcement of an early renewal of their distribution agreement with Charter, allowing Charter to carry AMC's linear cable networks for multiple years.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:09 pm

AMCX

CHTR

AMC Networks and Charter Communications have renewed their distribution agreement, allowing Charter to carry AMC's cable networks for several years. AMC+ will be included in Spectrum TV Select packages at no extra cost and available for purchase by internet-only customers.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:07 pm