Streetbeat News

Partnerships

SPY

VGK

President Biden and Ukraine's President Zelenskiy have signed a 10-year U.S.-Ukraine security agreement aimed at bolstering Ukraine's defense. This agreement is expected to enhance military cooperation and support between the two nations.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:32 pm

PKW

TMUS

UBER

XLC

T-Mobile US, Inc. (NASDAQ:TMUS) has secured a $2.67 billion Spiral 4 contract with the U.S. Department of Defense for wireless solutions and an exclusive partnership with Uber Technologies, Inc. (NYSE:UBER) for rideshare advertising. These developments are expected to enhance T-Mobile's market position and 5G leadership.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 5:23 pm

AAPL

AMD

AVGO

META

MSFT

NVDA

VTI

XLK

Microsoft is heavily investing in AI, partnering with OpenAI and diversifying its AI investments. CEO Satya Nadella has recruited Mustafa Suleyman to lead an in-house AI team, potentially competing with OpenAI. Microsoft remains a top contender in the race to a $4 trillion market cap, alongside Apple and Nvidia. The company's stock has gained over 32% in the last 12 months, and analysts maintain it as a top candidate for public cloud leadership by 2032.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:21 pm

ORCL

The U.S. Department of Veterans Affairs has extended its contract with Oracle for the modernization of its Electronic Health Record (EHR) system.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:13 pm

ARKK

ARKW

ROKU

Roku, Inc. (NASDAQ:ROKU) has announced a new partnership with Fandango to enhance ad campaign analytics through ticket sales attribution. This collaboration aims to provide theatrical advertisers with valuable insights into their campaigns. Additionally, Roku unveiled Roku Exchange, an advanced advertising technology solution integrated with the Magnite supply-side platform. Despite these advancements, ROKU shares have declined by 4.26% recently and have lost over 27% in the past year. Investors can gain exposure to ROKU through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 5:06 pm

EXC

ComEd and Compass Datacenters have announced the launch of a major data center campus in Hoffman Estates, transforming the former Sears headquarters. This project is expected to attract a $10 billion investment to support Illinois' digital infrastructure needs.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:00 pm

COIN

ETHUSD

The Biden campaign is exploring the possibility of accepting cryptocurrency donations through Coinbase Commerce, aligning with a strategy to engage crypto-focused voters. This move follows Trump's campaign, which already accepts crypto donations. The discussions are in response to backlash from Biden's previous anti-crypto actions and the need to counter Trump's pro-crypto stance.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 5:00 pm

CRM

ORCL

PCRFF

Oracle Corporation (NYSE:ORCL) has seen a significant surge in market capitalization to nearly $400 billion due to its strategic pivot to AI and cloud computing. The company's shares soared by 13% on Wednesday, adding $45 billion in market value. Oracle's cloud services are crucial for AI innovators like OpenAI, and the company signed over 30 AI sales contracts in Q4 totaling more than $12.5 billion. Meanwhile, Salesforce Inc (NYSE:CRM) has faced a more turbulent financial journey, with a market cap of $230 billion. Panasonic Information Systems has selected Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI) for its internal systems.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 4:56 pm

GOEV

Canoo Inc (NASDAQ:GOEV) shares are trading higher on above-average volume, likely due to the company's participation in the Sidoti Small Cap Conference. The stock is also trending on social media due to its high short interest. The consensus price target for Canoo is $5.96, with the most recent analyst update maintaining a Buy rating and a $5 price target.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 4:50 pm

PARA

PARAA

Paramount Global shares are trading lower after the announcement that the proposed transaction with Skydance is not moving forward.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:32 pm