Streetbeat News

Products Services

EGIEY

MTSUY

TALO

TTE

TotalEnergies SE (TTE) has acquired Talos Energy Inc.'s (TALO) Low Carbon Solutions for $148 million, including its carbon capture and sequestration business. The deal gives TotalEnergies a stake in three U.S. Gulf Coast projects. Additionally, TotalEnergies joins an international coalition, the e-NG Coalition, with companies like ENGIE Brasil Energia SA (EGIEY) and Mitsubishi Corp. (MTSUY) to support e-natural gas development.

Portfolio Pulse from Lekha Gupta

March 19, 2024 | 11:16 am

CYN

RIVN

Cyngn Inc., an AI-powered autonomous driving solutions developer, announced its initial DriveMod Tugger deployment with electric vehicle manufacturer Rivian at Rivian's Normal, IL manufacturing facility. This marks a significant collaboration between Cyngn (NASDAQ:CYN) and Rivian (NASDAQ:RIVN) in enhancing industrial applications of autonomous driving technology.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:09 am

ENVB

Enveric Biosciences has signed two non-binding term sheets with an undisclosed biotechnology company for the out-licensing of cannabinoid-COX-2 conjugate compounds, aimed at pharmaceutical and non-pharmaceutical applications for joint diseases.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:05 am

ROKU

Cross Screen Media has expanded its partnership with Roku (NASDAQ:ROKU) to enable local agencies specializing in political and public affairs to accurately measure ad spend on Roku's inventory and leverage Roku's ACR viewership data for targeted advertising across linear TV and CTV.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:05 am

AAPL

Gene Munster of Deepwater Asset Management notes Apple's shift towards AI, including potential licensing from Google and OpenAI, could boost revenue by 6% but may lead to near-term financial headwinds. The focus on AI follows the cancellation of Project Titan, freeing up $4-5 billion annually for AI development. Munster suggests Apple may introduce an AI subscription model, charging users around $10 per month, which could significantly contribute to revenue despite potential short-term margin sacrifices.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 11:00 am

AAPL

GOOGL

U.S. markets closed higher, led by growth stocks like Alphabet and Tesla. An anticipated AI agreement between Alphabet Inc. and Apple Inc. to integrate Google's Gemini AI engine into the iPhone was a key highlight. The NAHB/Wells Fargo Housing Market Index rose to 51, its highest in eight months. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 up, while India's Nifty 50 and China's Shanghai Composite declined. European markets saw gains, except for the U.K.'s FTSE 100. Commodities and U.S. futures varied, with crude oil slightly down and the U.S. Dollar Index up.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 10:44 am

TSLA

Jim Cramer commented on Tesla Inc. (NASDAQ:TSLA) after its stock rose over 6% following a price increase announcement for the Model Y. Despite the stock's recent poor performance in the S&P 500, Cramer remains neutral. Tesla's stock decline contrasts with the S&P 500's all-time highs in 2024. Goldman Sachs revised Tesla's price projections due to production and sales challenges. Tesla announced a series of price hikes for the Model Y in the U.S. and Europe. Future Fund suggests Tesla could boost its valuation by highlighting its AI projects in earnings reports.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 10:39 am

PLTR

Brian Stutland, a portfolio manager at Equity Armor Investments, has identified Palantir Technologies Inc (NYSE:PLTR) as a key player in the AI sector with a potential 57% increase in stock value. Stutland's optimism is based on Palantir's expanding role in AI, especially in defense and intelligence. Palantir's stock has risen 41% year-to-date, with a significant part of the growth attributed to its AI initiatives. Despite concerns over AI's rapid advancement, analysts like Dan Ives of Wedbush Securities have also raised Palantir's price target, highlighting its AI platform's potential.

Portfolio Pulse from Benzinga Neuro

March 19, 2024 | 10:35 am

CRNX

Crinetics Pharmaceuticals' shares surged following the successful results of their Phase 3 PATHFNDR-2 trial of paltusotine in acromegaly, meeting the primary and all secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:19 am

UL

Unilever plc (NYSE:UL) announced plans to separate its Ice Cream business, including top brands like Wall's, Magnum, and Ben & Jerry's, aiming for a more focused growth by operating in four Business Groups. The separation, part of its Growth Action Plan, is expected to complete by end of 2025, alongside a productivity program expected to save €800 million over three years. This strategic move is anticipated to impact 7,500 roles globally and aims for mid-single-digit sales growth and modest margin improvement post-separation.

Portfolio Pulse from Shivani Kumaresan

March 19, 2024 | 10:16 am