Streetbeat News

Partnerships

EIS

ISRA

President Biden urges Israeli leadership to support a new deal despite internal opposition, warning of potential global isolation if the opportunity is missed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:38 pm

EIS

ISRA

SPY

USO

President Biden announced a multi-phase plan for the Israel-Gaza conflict, including a ceasefire, exchange of hostages, withdrawal of Israeli forces, and a major reconstruction plan for Gaza. The plan is contingent on ongoing negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:35 pm

BYDDF

BYDDY

BYD Co., Ltd. has opened its first showroom in Saudi Arabia, marking a significant step in its global expansion. The showroom, located in Riyadh, offers five models for test drives and is part of a broader strategy to capture 30% of Riyadh's automotive market with NEVs by 2030.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 3:58 pm

IBTA

WMT

Ibotta CEO Bryan Leach discussed the company's earnings, consumer spending trends, and a partnership with Walmart on CNBC.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:36 pm

DASH

GME

NFLX

Benzinga's Stock Whisper Index for the week of May 31 highlights five stocks: DoorDash, Fiserv, Foot Locker, Netflix, and GameStop. These stocks have seen increased investor interest due to various factors such as financial results, partnerships, and new content releases.

Portfolio Pulse from Chris Katje

May 31, 2024 | 3:34 pm

FXI

SPY

China's Vice Foreign Minister has urged the U.S. to stop 'smearing and pressuring' China and called for an end to 'unilateral' sanctions on Chinese enterprises during a meeting with the U.S. Deputy Secretary of State.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:16 pm

IYG

SYF

XLF

Mastercard and Ant Group have launched the International Consumer Friendly Zones program in Shanghai, aiming to enhance the travel experience for global travelers and stimulate local business growth in China. The program will expand to 16 major Chinese cities, following successful rollouts in Beijing and Guangzhou. Mastercard also inaugurated a European Cyber Resilience Centre and signed a multi-year agreement with Synchrony Financial and Virgin Red for a new credit card program.

Portfolio Pulse from Lekha Gupta

May 31, 2024 | 2:55 pm

CMG

DNUT

MCD

WING

Krispy Kreme Inc. (NASDAQ:DNUT) is aiming to overcome market challenges and position itself as a dominant player in the fast-food industry. The company has formed a strategic partnership with McDonald’s Corp (NYSE:MCD) to roll out its donuts nationwide starting in the second half of 2024. Despite current stock price lows and market fears surrounding weight loss trends, analysts see significant growth potential, drawing parallels with Wingstop Inc (NASDAQ:WING) and Chipotle Mexican Grill Inc (NYSE:CMG).

Portfolio Pulse from Surbhi Jain

May 31, 2024 | 2:44 pm

ADAP

Adaptimmune Therapeutics (ADAP) shares surged by 15.8% to $1.17 after announcing a clinical collaboration with Galapagos to license uza-cel for head & neck cancer treatment. Uza-cel has shown an 80% response rate in Phase 1 trials, and the collaboration aims to enhance its efficacy and delivery speed.

Portfolio Pulse from Henry Khederian

May 31, 2024 | 2:28 pm

NFLX

Netflix's stock rose by 2% on Wednesday due to positive forecasts from industry analysts predicting a 30% rise. The company is expected to gain over 30 million new subscribers and achieve double-digit revenue growth, driven by its expanding advertising ventures and strategic moves into gaming, live event streaming, and sports broadcasting. Analysts have raised their price targets for Netflix, reflecting its strong market position and financial health.

Portfolio Pulse from Zaheer Anwari

May 31, 2024 | 2:19 pm