Streetbeat News

Products Services

TM

The 2025 Toyota Camrys are set to arrive at Toyota dealerships in late Spring 2024, featuring a starting MSRP of $28,400.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:05 am

MQ

Marqeta has partnered with Rain to enhance its early wage access offerings through embedded finance. This collaboration allows Marqeta to scale its services, providing users with more flexible access to their earned wages ahead of the traditional payday.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:03 am

OCUL

Ocular Therapeutix announced positive Phase 1 results for AXPAXLI in treating diabetic retinopathy, with no inflammation observed and promising efficacy signals. The company plans to present these results at an upcoming meeting.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:03 am

CMCSA

FPAG

IYZ

Comcast Corporation (NASDAQ:CMCSA) has launched NOW, a new brand offering affordable internet, mobile, and streaming TV products on a month-to-month basis. This initiative is timely, considering the potential end of the Affordable Connectivity Program (ACP) without further funding. NOW's offerings include prepaid internet and mobile services, with plans designed to be cost-effective for Americans seeking reliable connectivity. Comcast's stock, CMCSA, has seen a 1% increase over the past year, and exposure to CMCSA can also be gained through IShares U.S. Telecommunications ETF (BATS:IYZ) and Northern Lights Fund Trust III FPA Global Equity ETF (BATS:FPAG).

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 10:59 am

RCAT

Red Cat Holdings, Inc. has entered into a partnership with Sentien Robotics. This collaboration will allow organizations utilizing Sentien's Hive UAS management platforms to incorporate Teal drones into their autonomous drone swarming strategies. These strategies are aimed at enhancing defense and security operations across various domains including land, air, and sea.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:35 am

LIN

Linde's subsidiary White Martins is set to build and operate a second electrolyzer for green hydrogen production in Brazil's Southeast region by 2025. The plant, powered by renewable energy, aims to supply green hydrogen to various industries, including a glass manufacturer, to reduce emissions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:25 am

PUBM

PubMatic (NASDAQ:PUBM), a leading technology company in digital advertising, has partnered with Virgin Media to enhance ad-funded TV content in the UK, allowing advertisers to reach broader audiences through premium channels.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:23 am

APOG

Apogee Enterprises forecasts a 4% to 7% decline in FY25 net sales, attributing about 2% of this decline to the fiscal year reverting to 52 weeks and 1% to Project Fortify's elimination of certain lower-margin products and services.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 10:13 am

LIN

Linde (NASDAQ:LIN) is expanding its green hydrogen production in Brazil through its subsidiary White Martins, by building a second electrolyzer plant in Jacareí, São Paulo. This new five-megawatt plant will utilize renewable energy sources, including solar and wind, to produce green hydrogen, enhancing Linde's sustainable energy offerings in the southeast region of Brazil.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:03 am

TSLA

Morgan Stanley analyst Adam Jonas predicts an EV market recession but maintains an 'overweight' rating on Tesla (TSLA) with a $310 price target, citing the company's potential in AI. Despite a valuation of Tesla's core auto business at $62 per share, Jonas believes Tesla will leverage the downturn to strengthen its position. He notes the broader EV slowdown, evidenced by layoffs and revised targets, and anticipates further layoffs at Tesla. Jonas also suggests legacy carmakers will significantly lower their EV ambitions, while Tesla's AI initiatives could enhance its valuation.

Portfolio Pulse from Anan Ashraf

April 18, 2024 | 9:28 am