Streetbeat News

Products Services

CART

Instacart has expanded its omnichannel partnership with The Save Mart Companies, aiming to enhance the grocery shopping experience through improved digital and in-store offerings. This collaboration is expected to leverage Instacart's technology to offer customers a more seamless and integrated shopping experience across The Save Mart Companies' various store brands.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:15 am

LSEA

Landsea Homes forecasts FY24 new home deliveries to range between 2,500-2,900 units, with an expected home sales gross margin of 7%-18%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

NBIX

Neurocrine Biosciences' stock is trading higher following the FDA approval of its INGREZZA Sprinkle capsules.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:05 am

POAI

Predictive Oncology's stock price increased following the announcement of a collaboration with FluGen to develop an intranasal flu vaccine. This partnership aims to leverage Predictive Oncology's expertise in the field to create a more effective flu vaccine solution.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:04 am

AMZN

COST

FSTA

VDC

WMT

Walmart Inc has launched Bettergoods, its largest private food brand in 20 years, featuring over 300 items across various categories, aimed at offering quality, affordable food options. This strategic move is designed to compete with rivals like Costco, Trader Joe's, and Amazon's Whole Foods, while also addressing consumer preferences for private food brands. Despite this expansion, Walmart announced the closure of all 51 health clinics due to rising operational costs. Walmart's stock has seen a 17% increase over the past year, with exposure available through ETFs like VDC and FSTA.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:38 am

NIO

NIO Inc. reported a significant year-over-year increase in vehicle deliveries for April 2024, with a total of 15,620 vehicles delivered, marking a 134.6% increase. This includes 8,817 premium smart electric SUVs and 6,803 sedans. Cumulative deliveries reached 495,267 vehicles. Additionally, NIO launched its 2024 ET7 executive sedan on April 25, 2024, with deliveries starting on April 30.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:35 am

BA

EADSY

ERJ

Embraer is reportedly exploring the development of a new jet aimed at competing in the narrow-body market, currently dominated by Boeing and Airbus. This strategic move could significantly impact the competitive landscape in the aviation industry.

Portfolio Pulse from Charles Gross

May 01, 2024 | 9:31 am

LI

Li Auto Inc (NASDAQ:LI) reported a slight year-over-year increase in vehicle deliveries for April 2024, with 25,787 vehicles, marking an 11% decrease from March. The company's first-quarter deliveries saw a significant rise of 52.9% Y/Y to 80,400. Cumulative deliveries reached 739,551. The introduction of the Li L6 model, priced under RMB300,000, is expected to boost sales, with large-scale deliveries starting in May. Li Auto also announced a 5% price cut on several models and plans to offer cash refunds to early 2024 buyers of these models. Additionally, complimentary charging services will be provided during the May Day holiday. The company has expanded its retail and service network, with 386 super charging stations now operational. Despite these developments, LI shares dropped 1.26% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:20 am

SISI

Shineco announced that its subsidiaries, Fuzhou Medashan Biotechnology Co., Ltd. and Kaifeng Yixi Biotechnology Co., Ltd., have developed a new natural active water-soluble product derived from soybean gum. This innovation could position Shineco at the forefront of natural product development, potentially impacting its market position and product offerings.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:16 am

MSFT

Bill Gates continues to significantly influence Microsoft's AI strategy despite his 2021 ouster over misconduct allegations. He has been involved in key developments like Copilot and Bing's enhancement with ChatGPT technology, advising on product roadmaps and executive recruitment. Gates' vision for AI, including its potential to address global challenges like climate change, remains a driving force behind Microsoft's advancements in the field.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 9:08 am