Streetbeat News

Partnerships

COST

UBER

BofA Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a price forecast of $87. The analyst projects 21% growth in bookings for Q2 2024, with total bookings, revenue, and EBITDA expected to reach $39.7 billion, $10.6 billion, and $1.52 billion, respectively. Uber's partnership with Costco (NASDAQ:COST) and recent regulatory settlements are expected to drive growth. However, macroeconomic risks and tougher comps in Q3 may lead to some deceleration.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 7:15 pm

LSH

Lakeside Holding shares are trading higher after the company announced a one-year agreement with automatic annual renewals with a leading Asia-based e-commerce platform to provide cross-border fulfillment services.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:40 pm

SONY

Sony Group Corp. (NYSE:SONY) has signed a multi-year agreement with the NFL to become its official technology and headphones partner, replacing Bose. The deal includes producing official NFL headsets debuting in 2025 and expanding the use of Sony's Hawk-Eye Innovations in officiating. Verizon Communications Inc (NYSE:VZ) branding will appear on headsets for international series games and the Super Bowl.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 6:28 pm

BUYZ

BYDDY

IYT

UBER

Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. (OTC:BYDDY) have announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the Uber platform in key global markets. The initiative aims to lower the total cost of EV ownership for Uber drivers and boost global EV adoption. The partnership will start in Europe and Latin America and later expand to other regions. UBER stock has risen over 30% in the last twelve months, and investors can gain exposure via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:57 pm

GLASF

JSDA

SHFS

SHWZ

Several cannabis companies, including Glass House Brands, Schwazze, Jones Soda, and SHF Holdings, are set to release their earnings reports in mid-August 2024. Key updates include Glass House's legal victory, Schwazze's debt restructuring, Jones Soda's private placement, and SHF Holdings' partnership with BIPOCann.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 4:40 pm

AMT

COR

Stonepeak and CoreSite have formed a joint venture to develop an 18MW data center in Denver. Stonepeak holds 85% equity, while CoreSite holds 15%. CoreSite will operate the DE3 facility, and the investment is made through the Stonepeak Opportunities Fund.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:42 pm

EDU

East Buy's shares fell to a two-year low after parting ways with star livestreamer Dong Yuhui. The split marks a strategic shift away from reliance on individual hosts. Despite a share buyback program, the stock dropped 23%. Analysts have mixed views on the company's future.

Portfolio Pulse from The Bamboo Works

July 31, 2024 | 3:22 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) reported downbeat fiscal third-quarter sales, with mixed analyst reactions. Despite the challenges, including lower-than-expected same-store sales growth and a tough market in China, several analysts maintained positive ratings and price targets. The company is exploring strategic partnerships in China to address these issues.

Portfolio Pulse from Priya Nigam

July 31, 2024 | 3:20 pm

PDCO

XRAY

Dentsply Sirona has issued a 1-year notice to not renew its distribution agreements with Patterson Companies for dental equipment in the U.S. and Canada. They plan to negotiate new agreements, with a failure to renegotiate posing a potential material adverse effect on its business. Dentsply Sirona does not expect a charge against earnings for the non-renewal.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:37 pm

KSCP

Knightscope has announced new expansion contracts with a Texas school district and the California Transportation Commission. Both contracts include a full-service maintenance plan for emergency communication devices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:36 pm