Streetbeat News

Products Services

AAL

American Airlines (NASDAQ:AAL) has announced a conditional purchase agreement with ZeroAvia for 100 hydrogen-electric engines, aiming to power regional jets with zero inflight emissions. This move aligns with American's sustainability goals and includes increased investment in ZeroAvia. The initiative supports American's goal of achieving net-zero greenhouse gas emissions by 2050.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 4:16 pm

SHOP

Deep-pocketed investors are showing significant interest in Shopify (NYSE:SHOP) options, with a mix of bullish and bearish sentiments. The options activity suggests a targeted price range of $50.0 to $90.0. Analysts have mixed ratings on Shopify, with price targets ranging from $65 to $96.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 4:16 pm

GOOG

GOOGL

Google has announced that its Sensitive Data Protection Discovery service now supports Cloud Storage, enhancing data security for users.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:14 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) has seen a 30% stock surge in the past month, outperforming Tesla's 25% rise. Key factors include strong production figures and a significant investment from Volkswagen. Technical indicators also signal a bullish trend for Rivian.

Portfolio Pulse from Surbhi Jain

July 02, 2024 | 4:13 pm

GOOG

GOOGL

Google and ENGIE have signed new Corporate Power Purchase Agreements (cPPAs) for 118 MW of renewable power in Belgium. ENGIE will support Google's operations and expansion in Belgium with energy from new and existing wind farms. This partnership aligns with Google's goal of achieving net-zero emissions and 24/7 carbon-free energy by 2030.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:11 pm

ACHR

STLA

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after receiving an additional $55 million investment from Stellantis N.V. (NYSE:STLA) following a successful transition flight test milestone. This investment is part of a strategic funding agreement and adds to previous investments and stock purchases by Stellantis. Archer plans to develop an air mobility network in the San Francisco Bay Area.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 4:03 pm

BYDDF

BYDDY

SCGLY

BYD Company (OTC:BYDDF) has partnered with French car-leasing firm Ayvens SA to distribute its electric vehicles in Europe, initially targeting France, the Netherlands, Belgium, and Luxembourg. The partnership aims to provide tailored EV fleet solutions and white-labelled leasing services. BYD is also increasing its presence in Europe by sponsoring Euro 2024 and building a factory in Hungary. However, BYD faces regulatory challenges as the EU plans to impose tariffs on Chinese-made EVs.

Portfolio Pulse from Shivani Kumaresan

July 02, 2024 | 3:58 pm

ANVS

Annovis Bio, Inc (NYSE:ANVS) announced new data from its Phase III Parkinson’s study, showing significant cognitive and motor function improvements in patients treated with buntanetap. The stock is up 8.16% following the news.

Portfolio Pulse from Dylan Berman

July 02, 2024 | 3:48 pm

ADM

CORN

EWZ

COFCO International anticipates a recovery in Brazil's corn and soy crops for the 2024/25 season following unfavorable weather events. The company plans to start operations at its new Santos port terminal in the first half of 2025, significantly increasing its export capacity from 4.5 million tonnes to 14 million tonnes by 2026. COFCO sees substantial growth in its grains business in Brazil.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:46 pm

CRM

Deep-pocketed investors are showing a bearish sentiment towards Salesforce (NYSE:CRM) based on recent options activity. Benzinga's options scanner highlighted 11 significant options trades, with 45% of the sentiment being bearish. The trading volume for CRM is down by 0.25%, and the stock is approaching overbought territory.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:46 pm