Streetbeat News

Partnerships

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco and form a joint venture for a sustainability energy solutions business segment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:58 pm

CRM

Salesforce (NYSE:CRM) is set to release its first-quarter financial results after the closing bell on Wednesday. Analysts expect earnings of $2.38 per share and revenue of $9.15 billion. IBM is exploring the use of its Granite model series on Salesforce's Einstein 1 platform. Salesforce shares fell 0.9% to $269.83 on Tuesday. Analysts have recently revised their ratings and price targets for Salesforce.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 2:56 pm

COP

ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:49 pm

MSFT

The Atlantic and Vox Media have signed licensing and product deals with OpenAI. This collaboration aims to integrate AI technology into their media platforms, enhancing content creation and distribution. Microsoft, a major investor in OpenAI, could see indirect benefits from these deals.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:47 pm

BIDU

BKNG

TCOM

Trip.com Group Ltd. (NASDAQ: TCOM) reported a 27.8% increase in revenue for Q1, driven by strong demand during the Lunar New Year holiday. Despite positive results, the stock fell 2% post-announcement. The company is expanding its overseas operations and leveraging AI technology in partnership with Baidu's Ernie Bot. Analysts expect earnings growth, and the stock is considered undervalued compared to peers like Booking Holdings (NASDAQ: BKNG).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 2:38 pm

ETN

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower today following the announcement of an expanded partnership with Eaton Corporation (NYSE:ETN). The deal will integrate Palantir’s Artificial Intelligence Platform (AIP) into Eaton’s operations, enhancing their ERP implementations and AI innovation journey. Despite the positive news, PLTR shares are down 1.47% to $20.74.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 2:18 pm

AMD

SSNLF

Samsung is under investigation after two workers at its Giheung chip plant were exposed to radiation. The South Korean Nuclear Safety and Security Commission is probing the incident, and the affected machine has been suspended. This comes amid potential labor unrest and Samsung's recent partnership with AMD.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:56 pm

AAPL

JD

REAL

RENT

RERE

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth and predicted similar gains for Q2, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% drop in stock price on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and partnerships with Apple (NASDAQ:AAPL).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 1:42 pm

GPC

Genuine Parts Company (GPC) has partnered with Altor Locks to distribute the ICON Trailer Lock. This partnership aims to enhance the distribution network and availability of the ICON Trailer Lock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:40 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has announced the schedule for its 2024 Worldwide Developers Conference (WWDC), where it is expected to unveil its AI strategy and updates to its operating systems. The keynote will take place on June 10, and the event will run until June 14. Analysts predict significant growth for Apple driven by AI advancements, with potential partnerships, such as with Microsoft-backed OpenAI, being highlighted.

Portfolio Pulse from Rounak Jain

May 29, 2024 | 1:39 pm