Streetbeat News

Partnerships

NFLX

RBLX

Netflix Inc (NFLX) collaborates with Roblox Corporation (RBLX) to launch Nextworld, a digital hub on Roblox featuring games and experiences based on Netflix's popular shows like 'Stranger Things'. This partnership aims to enhance user engagement on Roblox by leveraging Netflix's extensive content library.

Portfolio Pulse from Chris Katje

May 10, 2024 | 4:28 pm

EVLV

FLUX

LIDR

MGNX

NVAX

Nasdaq fell by 0.2% amid mixed U.S. stock trading, influenced by a significant drop in U.S. consumer sentiment in May to its lowest in six months. Novavax and Sweetgreen surged following positive business developments, while MacroGenics, Evolv Technologies, and Flux Power Holdings faced steep declines due to disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 4:22 pm

DIS

NKE

RBLX

WMT

Roblox Corporation and Electronic Arts reported disappointing financial forecasts, indicating a slowdown in player spending due to economic uncertainties and high inflation. Roblox's shares plummeted by 22% following its revised growth forecasts, while Electronic Arts missed revenue and earnings estimates, with a 5.1% YoY revenue drop. Both companies are facing challenges in the gaming industry with lower engagement levels. Roblox is exploring revenue diversification through digital ads, featuring brands like Walmart, Nike, and Ralph Lauren, and is competing with Epic Games, which has partnered with Walt Disney Company to enhance Fortnite.

Portfolio Pulse from Upwallstreet

May 10, 2024 | 3:59 pm

AMD

ARM

INTC

NVDA

QCOM

SFTBF

SoftBank Group Corp is shifting its investment focus from startups to semiconductors and AI, divesting nearly $29 billion in U.S.-listed holdings since late 2021. The pivot follows a successful IPO of Arm Holdings Plc, enhancing the value of SoftBank's 90% stake. SoftBank is now eyeing semiconductor ventures, including a potential $100 billion chip venture to rival Nvidia and others, and is in talks to acquire Graphcore Ltd.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 3:55 pm

ValveTech, a NASA contractor, has warned against the imminent launch of Boeing's Starliner rocket due to safety concerns related to a valve issue. The warning follows a scrubbed launch on May 6 due to the same issue. ValveTech's concerns also extend to a legal dispute where Boeing was found to have used a valve from Aerojet Rocketdyne, allegedly breaching non-disclosure agreements and raising questions about the valve's qualifications.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:33 pm

LCID

Ford Motor Company has announced the hiring of Sherry House, former CFO of Lucid Group, as part of its strategic move to bolster its electric vehicle (EV) business. House, with her extensive experience in the automotive, tech, and startup sectors, is set to join Ford in June and become CFO early next year. This move comes as Ford aims for profitable growth in EVs, software, and services. Meanwhile, Ford's shares dropped by 1.36% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

May 10, 2024 | 3:29 pm

LIDR

AEye Inc (NASDAQ:LIDR) shares surged 75% to $2.06 after announcing a partnership with LITEON Technology Corporation to supply 4Sight™-based lidar products to automotive OEMs, leveraging LITEON's expertise in automotive electronics.

Portfolio Pulse from Henry Khederian

May 10, 2024 | 2:52 pm

ITOS

NVAX

OUST

Genpact Limited reported better-than-expected Q1 financial results, leading to a 6.8% rise in its shares. Other companies like Novavax, iTeos Therapeutics, and Sweetgreen also saw significant gains following positive financial results or strategic announcements. The overall market sentiment was positive, with the Dow Jones gaining over 100 points.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 2:48 pm

BLNK

FDIS

TSLA

XLY

Elon Musk's decision to overhaul Tesla's EV charging team and cut about 500 people may disrupt the Biden administration's EV infrastructure plans. This move has led to a surge in inquiries from landlords to other charging companies and could impact the National Electric Vehicle Infrastructure (NEVI) program's rollout. Tesla's strategy shift may also create opportunities for competitors like Blink Charging. Tesla's stock and exposure through ETFs like XLY and FDIS could be influenced by these developments.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 2:46 pm

IYG

PCGG

Visa Inc. (NYSE:V) shares rose today following the announcement of a collaboration with MoneyHash to enhance digital payment experiences across the MENA region. The partnership leverages Visa's global capabilities and security to offer reliable payment networks. Visa's recent financial performance showed a second-quarter 2024 adjusted EPS of $2.51, attributed to an 8% growth in payment volume. Investors can also gain exposure to Visa through Litman Gregory Funds Trust Polen Capital Global Growth ETF (NYSE:PCGG) and iShares U.S. Financial Services ETF (NYSE:IYG).

Portfolio Pulse from Lekha Gupta

May 10, 2024 | 2:14 pm