Streetbeat News

Products Services

DRS

Leonardo DRS, Inc. (NASDAQ:DRS) has been awarded a contract by Boeing Defense to supply the upgraded Aerial Refueling Operator Station (AROS 2.0) for the U.S. Air Force's KC-46 Pegasus tanker fleet. This system is an enhancement of the previous AROS refueling operator stations, with DRS having already provided over 85 consoles of the first generation. The company expressed pride in continuing to support aircrew refuelers with advanced technology and looks forward to maintaining its strong partnership with Boeing.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:49 pm

AZN

AstraZeneca announced it is withdrawing its COVID-19 vaccine from markets worldwide due to declining demand and the increasing availability of other vaccines. This decision comes after a comprehensive review of the vaccine's performance and market needs. AstraZeneca will continue to focus on its other therapeutic areas and vaccine research.

Portfolio Pulse from Charles Gross

May 07, 2024 | 8:46 pm

ZS

Zscaler (NASDAQ:ZS) has seen significant options activity, with a mix of bullish and bearish sentiments among investors. The trades suggest a target price range of $150-$185. Notable options trades include both calls and puts, with the largest trades showing a mix of sentiments. Zscaler, a cloud-native cybersecurity solutions provider, has a current stock price of $177.14, with a neutral RSI and an upcoming earnings report in 23 days. Analyst ratings from Cantor Fitzgerald and Keybanc indicate a target price of around $225, with mixed opinions on the stock's future.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:46 pm

STAA

STAAR Surgical Company (NASDAQ:STAA) has entered into a strategic agreement with IQ Laser Vision, marking a significant commitment to the EVO ICL product in the U.S. This partnership aims to make EVO ICL lenses a primary option for surgical vision correction, intending to nearly double the volume of EVO ICLs within the next 12 months. The collaboration will include marketing, education, and clinical support to increase awareness and availability of EVO ICL across IQ Laser Vision's practices. STAAR Surgical's CEO, Tom Frinzi, highlighted the agreement as a milestone in the U.S. Highway 93 go-to-market program and a step towards establishing lens-based procedures as the future of refractive vision correction.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:42 pm

AMZN

RIVN

Rivian Automotive reported Q1 earnings with revenue of $1.20 billion, surpassing estimates but missed EPS expectations with a loss of $1.48 per share. Vehicle production and deliveries exceeded forecasts, and the company unveiled R2 and R3 models, targeting the midsize SUV and crossover segment. Rivian reaffirmed its 2024 production guidance and highlighted its partnership with Amazon to deliver 100,000 electric vans. Shares fell 1% in after-hours trading.

Portfolio Pulse from Chris Katje

May 07, 2024 | 8:38 pm

RIVN

Rivian CEO RJ Scaringe informed Reuters about expected meaningful reductions in depreciation costs per unit. He also mentioned that a recent assembly line shutdown led to increased costs of goods sold due to associated expenses.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:35 pm

AMZN

META

TSLA

YouTuber MrBeast is giving away 26 Tesla vehicles, including a Cybertruck, to celebrate his 26th birthday. The giveaway is hosted on Instagram, owned by Meta Platforms. The contest is open in multiple countries and offers cash alternatives for the prizes. MrBeast's growing influence is highlighted by his upcoming game show on Amazon's Prime Video, showcasing his significant viewership growth on YouTube over the years.

Portfolio Pulse from Chris Katje

May 07, 2024 | 8:32 pm

SCOR

comScore projects FY24 revenue to be between $375M-$390M, aligning with estimates. Q2 2024 revenue is expected to be lower than Q2 2023, with growth anticipated in the latter half of the year driven by Proximic and CCR products. The company maintains its adjusted EBITDA margin forecast between 12%-15%, despite pressures on national TV revenue and unpredictable demand for custom digital products due to macroeconomic factors. comScore cites inability to provide GAAP net income forecasts due to uncertainties in predicting future expenses and potential material impacts.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:27 pm

BROS

OLO

Dutch Bros (NYSE:BROS) has partnered with Olo (NYSE:OLO), a leading restaurant technology provider, to implement Olo's Order and Pay products at all 850 Dutch Bros locations. This partnership aims to enhance operational efficiency and improve the customer experience by enabling seamless mobile ordering and payment. The rollout, expected to be completed by the end of 2024, will integrate with Dutch Bros' mobile app and rewards program, offering payment options like Google Pay and Apple Pay.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:05 pm

AAPL

BRK

NU

SNOW

At the Berkshire Hathaway annual shareholder meeting, Warren Buffett expressed concerns about AI's potential dangers, likening it to nuclear weapons. Despite this, Berkshire Hathaway's portfolio includes strategic investments in AI-focused companies such as Apple Inc, Snowflake Inc, and Nu Holdings Ltd. These companies are actively leveraging AI in various capacities, from Apple's development of AI chips for data centers to Snowflake's AI model rivaling industry giants and Nubank's use of AI to enhance customer service.

Portfolio Pulse from Surbhi Jain

May 07, 2024 | 8:02 pm