Streetbeat News

Partnerships

FINW

FinWise Bancorp and Plannery have announced the launch of a strategic lending program aimed at expanding their financial services. This collaboration is expected to enhance FinWise Bancorp's lending capabilities and market reach.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 8:20 pm

GME

VFS

VinFast Auto Ltd. (NASDAQ: VFS) has seen a 30% surge in its stock price over the past five days, driven by strong demand for its new EV model and strategic partnerships. The stock is showing bullish technical indicators, although some suggest it may soon be overbought. Analysts remain optimistic about its long-term potential.

Portfolio Pulse from Surbhi Jain

May 16, 2024 | 7:53 pm

AKR

JPM

J.P. Morgan Real Estate Income Trust (JPMREIT) and Acadia Realty Trust (NYSE: AKR) have jointly acquired a grocery-anchored retail shopping center in Queens, NY for $48 million. This acquisition is part of a strategic joint venture to pursue retail opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:42 pm

EGIO

GEO

JMIA

Andrew Left, founder of Citron Research, shared three long stock ideas in an exclusive interview with Benzinga. He highlighted The GEO Group (NYSE:GEO), Edgio Inc (NASDAQ:EGIO), and Jumia Technologies (NYSE:JMIA) as stocks with significant growth potential. Left believes GEO Group could reach $30 per share due to its government contracts and role in immigration detention. Edgio Inc is seen as a leader in edge computing and streaming, with potential for consolidation and a target price of $30. Jumia Technologies is viewed as a turnaround story with buyout potential from major companies.

Portfolio Pulse from Chris Katje

May 16, 2024 | 7:22 pm

NFLX

TTD

The Trade Desk Inc (NASDAQ:TTD) shares surged following Netflix Inc's (NASDAQ:NFLX) announcement to launch an in-house advertising technology platform by the end of 2025. Netflix plans to include The Trade Desk as one of its main programmatic partners, boosting TTD's market position. Analysts remain bullish on TTD, raising price targets.

Portfolio Pulse from Vaishali Prayag

May 16, 2024 | 6:49 pm

AXON

NYC Mayor Eric Adams has announced a new program in collaboration with Axon unit Fusus to combat retail theft. This initiative aims to leverage technology to enhance security and reduce crime in retail stores.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:21 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower on Thursday but remain up by over 15% in the past five days. The company announced a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia for a three-gigawatt electrolyzer plant in Australia and the development of a Class 6, medium-duty fuel cell electric truck.

Portfolio Pulse from Erica Kollmann

May 16, 2024 | 4:44 pm

HUT

NVDA

Hut 8 Corp (NASDAQ:HUT) reported strong Q1 financial results following its merger with U.S. Bitcoin Corporation. Analysts provided mixed ratings, with some raising price targets and others remaining cautious. Key factors include lower power costs, AI contributions, and a new GPU-as-a-Service business leveraging NVIDIA's H100s.

Portfolio Pulse from Priya Nigam

May 16, 2024 | 4:12 pm

GDRX

GoodRx Holdings shares are trading higher after announcing a new direct contracting agreement with Kroger. TD Cowen raised its price target on the stock from $14 to $16.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:05 pm

QCOM

Ampere and Qualcomm have announced a partnership to launch an AI-focused server using Ampere's CPUs and Qualcomm's Cloud AI100 Ultra AI inferencing chips. This collaboration aims to provide efficient solutions for running large AI models. Ampere also introduced its new 256-core AmpereOne chip, which will be available later this year, and announced a partnership with NETINT for video processing solutions.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:40 pm