Streetbeat News

Partnerships

DASH

IYG

JPM

XLF

JPMorgan Chase (JPM) has expanded its partnership with DoorDash (DASH) to offer new grocery benefits for Chase cardholders. Despite this, JPM shares are trading lower. The partnership includes ongoing benefits for grocery orders and a free DashPass membership. Last month, JPM reported strong Q2 earnings. Investors can also gain exposure via ETFs like IYG and XLF.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 5:20 pm

EWC

TRP

Canada's Indigenous groups are set to borrow C$1 billion to acquire a stake in TC Energy's pipeline project. This move is significant for the involvement of Indigenous communities in major energy projects.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:37 pm

AMZN

CRWD

FTNT

GOOG

IBM

MSFT

OKTA

PANW

ZS

Stephanie Link from Hightower Advisors highlights key growth trends in the cybersecurity industry, including cloud security, regulatory efforts, and generative AI. Major players like IBM, Palo Alto Networks, Alphabet, CrowdStrike, Microsoft, Amazon, Fortinet, Zscaler, and Okta are poised to benefit from these trends.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 3:58 pm

SIRI

Sirius XM Holdings Inc (NASDAQ: SIRI) reported a 3% decline in Q2 2024 revenue to $2.178 billion, missing analyst estimates. Adjusted EPS was in line with expectations. The company saw a decrease in self-pay subscribers and ARPU, while Pandora's segment showed improved gross margins. Sirius XM reiterated its FY24 outlook and announced the closing of a transaction with Liberty Media in September. The stock has fallen 31% over the past year and was recently downgraded by Citi.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 3:43 pm

MSFT

Microsoft is scaling back its AI partnership with Emirati firm G42 due to concerns over the firm's ties to China. This decision involves modifying plans to share sensitive AI hardware and intellectual property.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:22 pm

GLW

LUMN

Lumen Technologies and Corning have announced an agreement that reserves 10% of Corning's global fiber capacity for two years. This deal will more than double Lumen's intercity network miles, enhancing AI capabilities for cloud data centers, enterprises, and public agencies.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:06 pm

CHTR

EverPass Media has partnered with Spectrum Business to offer NFL Sunday Ticket and Peacock Sports Pass to bars, restaurants, hotels, and other venues across 41 states. Spectrum Business is EverPass' first official channel partner.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:04 pm

EXAS

Exact Sciences shares are trading higher after the company reported better-than-expected Q2 financial results and announced an exclusive license agreement with TwinStrand Biosciences.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:13 pm

HCKT

ORCL

The Hackett Group has partnered with Oracle to offer Hackett Pay Managed Services for Oracle Payroll, providing comprehensive payroll support including business process outsourcing, staff support, and best practices for payroll optimization.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:02 pm

KSCP

Huntington Park Police Department has renewed its contract with Knightscope, Inc. (NASDAQ:KSCP) for the 6th consecutive year to have their K5 Autonomous Security Robot continue patrolling Salt Lake Park.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:41 pm