Streetbeat News

Partnerships

PLNH

Planet 13, the operator of the world's largest cannabis dispensary, has added a Koolsville Tattoo location to its premises in Las Vegas. This collaboration offers a unique experience by combining cannabis products with tattoo services. The move aims to increase foot traffic and offset lease costs for Planet 13, while providing Koolsville Tattoo with a prime location near the Las Vegas Strip.

Portfolio Pulse from Javier Hasse

May 30, 2024 | 6:24 pm

NIO

Nio Inc. (NYSE:NIO) shares surged on Thursday following the announcement of a partnership with IM Motors to integrate their charging networks. This move is part of Nio's strategy to expand its charging infrastructure in China. Investors are also anticipating Nio's earnings report next week.

Portfolio Pulse from Vaishali Prayag

May 30, 2024 | 5:56 pm

Verizon shares are trading higher after Verizon Public Sector was selected for a Navy contract.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:30 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) shares surged 51% after securing a DARPA contract to support the design and in-space demonstration of large-scale structures. The contract is part of DARPA's NOM4D program, which aims to develop technologies for building robust structures in space. The announcement led to heavy trading volume, with over 40 million shares traded compared to the 100-day average of 1.082 million shares.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:43 pm

IYG

SYF

XLF

Mastercard (NYSE:MA) has inaugurated a European Cyber Resilience Centre to combat cyber threats, enhancing its cyber defense capabilities. The centre includes a Fusion Centre and Digital Forensics Lab, and collaborates with national cyber intelligence centers, law enforcement agencies, and industry bodies across Europe. Mastercard is also under scrutiny for its fee structure by Britain's Payment Systems Regulator. Additionally, Mastercard has signed a multi-year agreement with Synchrony Financial (NYSE:SYF) and Virgin Red for a new travel rewards credit card program. Mastercard shares were up 0.16% at $443.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 4:42 pm

NVDA

Stephanie Link, chief investment strategist at Hightower Advisors, discussed her investment strategy focusing on India's economic growth and the potential of AI at the Benzinga virtual event. She highlighted Nvidia's impressive performance and the importance of cybersecurity in the AI landscape.

Portfolio Pulse from Abbey Higginbotham

May 30, 2024 | 4:40 pm

ACHR

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after announcing a partnership with KakaoMobility in Korea. The deal includes the purchase of up to 50 eVTOL aircraft worth approximately $250 million. KakaoMobility will make initial payments in 2024 and 2025, with public demonstration flights planned for late 2024. Archer also received final airworthiness criteria from the FAA for its Midnight aircraft.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:37 pm

ONMD

OneMedNet Corp (NASDAQ:ONMD) shares surged after announcing a three-year Master Services Agreement with a major U.S.-based medical technology company. The agreement involves using OneMedNet's iRWD platform to manage clinical data for over 150 million patients annually. Despite the recent gains, ONMD has lost 71.95% year to date and shows overbought conditions with an RSI of 79.7.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:30 pm

AAPL

GOOGL

META

VOX

XLC

Google and Magic Leap have entered into a strategic partnership to create immersive AR/VR experiences. This collaboration marks Google's renewed interest in the AR/VR market, which is currently dominated by Meta and Apple. The partnership will leverage Magic Leap's expertise in optics and device manufacturing with Google's advanced technology platforms. Although specific details are scarce, the collaboration could yield new innovations. Alphabet's stock has gained over 39% in the last 12 months, and investors can gain exposure through ETFs like XLC and VOX.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 4:22 pm

BAM

BEP

MSFT

NOSPF

Brookfield Asset Management Inc (NYSE:BAM), along with its partners, has entered exclusive negotiations to acquire a 53.32% stake in Neoen (OTC:NOSPF) for EUR 39.85 per share. The acquisition price represents a significant premium over recent prices. The deal is expected to close by Q4 2024, with a tender offer to follow in Q1 2025. Brookfield also recently agreed to supply Microsoft Corporation (NASDAQ:MSFT) with over 10,500 megawatts of renewable power.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 3:39 pm