Streetbeat News

Partnerships

CORZ

Core Scientific, Inc. (NASDAQ:CORZ) shares surged after announcing 12-year contracts with CoreWeave to deliver 200 MW of infrastructure for HPC operations. The project is expected to generate over $3.5 billion in revenue. Site modifications will start in the second half of 2024 and become operational in the first half of 2025.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 3:00 pm

AMZN

COST

TGT

UBER

WBA

WMT

Costco Wholesale Corporation (NASDAQ:COST) reported strong fiscal third quarter earnings, with revenue growing 9% YoY to $58.52 billion and e-commerce sales surging 20.7%. The company emphasized its value proposition, digital sales growth, and expanded partnership with Uber Technologies Inc (NYSE:UBER). Costco's strategy of lowering prices has helped it gain market share in a challenging retail environment. The company is also expanding its store footprint and has delayed raising membership prices to retain its growing member base.

Portfolio Pulse from Upwallstreet

June 04, 2024 | 2:32 pm

ALV

XPEV

XPeng Inc's affiliate, XPENG AEROHT, has signed a strategic cooperation agreement with Autoliv China to develop safety solutions for flying cars. This partnership aims to combine XPENG AEROHT's advanced technology with Autoliv's expertise in safety solutions.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 2:19 pm

ANNX

CORZ

SAIA

UPST

WULF

U.S. stocks were mixed on Tuesday, with the Dow Jones index gaining around 20 points. Several stocks saw significant gains, including Saia Inc, Annexon, Core Scientific, and others. Saia Inc reported an 18% increase in LTL shipments per workday in April, leading to a 12.3% rise in its shares. Annexon surged 40% after its Phase 3 trial met its primary endpoint. Core Scientific climbed 29% following the signing of 12-year contracts with CoreWeave. Other notable gainers included Terawulf, Zai Lab, Hillevax, and more.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 2:09 pm

AAPL

FXI

Apple has reportedly held discussions with China Mobile to bring its Apple TV+ streaming service to China. This move could significantly expand Apple's market reach in the region.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:06 pm

MAT

WMT

Fisher-Price has launched a new line of wooden toys called Fisher-Price Wood, targeting children aged 6 months to 5 years. These toys will be sold exclusively at Walmart.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:04 pm

CASS

Cass Information Systems has announced a strategic partnership with FreightWaves SONAR to enhance supply chain intelligence. This collaboration aims to provide better data and insights for supply chain management.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:02 pm

CNXN

MSFT

QCOM

Connection has announced a partnership with Microsoft, Qualcomm, and OEM partners to launch Copilot+ PCs, a new generation of Windows-based devices designed for AI workloads.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:02 pm

APIE

AVIV

PARA

SONY

Sony Group Corp (NYSE:SONY) stock is trading higher due to the upcoming launch of a PlayStation VR2 PC adapter. Sony reported strong fiscal Q4 2023 results but noted a slowdown in PS5 sales. Paramount Global (NASDAQ:PARA) is considering a merger offer from Skydance. Investors can gain exposure to Sony via ETFs like Avantis International Large Cap Value ETF (NYSE:AVIV) and Trust For Professional Managers ActivePassive International Equity ETF (NYSE:APIE).

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 1:52 pm

KSCP

Knightscope has announced two new contracts for its emergency communication devices and KEMS software with a Minnesota healthcare group and a Texas university. These contracts aim to enhance access to emergency services.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:36 pm