Streetbeat News

Partnerships

AVGO

VIG

XLK

Broadcom Inc (NASDAQ:AVGO) has launched the Catalyst initiative to enhance its cybersecurity market presence through strategic partnerships. The initiative involves key partners like TD SYNNEX, Arrow Electronics, and Carahsoft Technology Corp. Broadcom's stock is trading higher, and analysts predict significant growth opportunities in the AI silicon market. Investors can gain exposure to Broadcom through ETFs like Vanguard Div Appreciation ETF (NYSE:VIG) and SPDR Select Sector Fund – Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 2:52 pm

BA

EPOL

VGK

Boeing announced that Poland has signed a Letter of Acceptance (LOA) for 96 Boeing AH-64 Apache helicopters.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:46 pm

BMY

EVO

Evotec shares are trading higher after the company highlighted progress in its partnership with Bristol Myers Squibb, which has triggered $75 million in payments due to performance-based and program-based achievements.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:43 pm

AMZN

TLN

Talen Energy is proceeding with the initial buildout of an Amazon data center despite facing regulatory pushback.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:37 pm

SBUX

Elliott Investment Management has expressed confidence in Starbucks following the appointment of Brian Niccol as CEO, viewing it as a transformational step forward. The firm has pledged continued engagement with Starbucks' board.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:43 pm

KSCP

Knightscope has secured an order for 23 K1 Blue Light Emergency Phones from its authorized partner NSS/TS&L for installation at a leading Florida cancer center.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:41 pm

AAPL

DLB

RIVN

Rivian announced the integration of Apple Music's premium spatial audio with Dolby Atmos support into all its electric vehicles for Apple Music subscribers.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:21 pm

GNLN

Greenlane Holdings Inc (NASDAQ:GNLN) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by the announcement of a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect dangerous substances like fentanyl and xylazine. Additionally, Greenlane entered into a securities purchase agreement for $6.5 million and highlighted recent stock purchases by its CEO. The stock is also seeing increased attention from retail investors, with a notable short interest.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:18 pm

CXAI

GOOG

CXApp Inc (NASDAQ:CXAI) shares surged after reporting Q2 results and announcing a strategic agreement with Google Cloud. Despite missing revenue and EPS estimates, the company showed strong subscription revenue, gross margin, and net retention rate improvements. The Google Cloud deal aims to enhance CXApp's AI infrastructure and product offerings.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:17 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has announced a time charter contract with Paralos Shipping for its Kamsarmax dry bulk vessel, m/v Astarte, at a gross rate of $14,000 per day. The contract will run from August 18, 2024, to between July 15, 2025, and September 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:13 pm