Streetbeat News

Products Services

SNES

SenesTech, Inc. (NASDAQ:SNES) has entered into an exclusive distribution agreement with Evicom to distribute its Evolve Soft Bait fertility control product in Australia and New Zealand. This partnership aims to address the demand for environmentally sustainable pest control solutions, particularly in response to Australia's rat plagues and New Zealand's efforts to eradicate invasive Norway rats by 2050. The agreement includes annual minimums and mandates Evicom to lead regulatory approvals in the target markets.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:03 pm

INDI

indie Semiconductor, Inc. (NASDAQ:INDI) and Avnet have entered into a global distribution agreement to enhance the availability of indie's semiconductor products worldwide. This partnership leverages Avnet's market reach and fulfillment capabilities to distribute indie's automotive portfolio, which includes solutions for Driver Safety, Automation, In-cabin User Experience, and Electrification. The agreement covers a range of indie's products, with plans to expand the product lines in the future.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:02 pm

SONO

TDG

TMO

WST

TransDigm, Sonos, Thermo Fisher Scientific, and West Pharmaceutical were featured on CNBC's 'Final Trades'. TransDigm is expected to report increased earnings, while Sonos exceeded first-quarter financial expectations. Thermo Fisher's revenue beat consensus despite a year-on-year decline, and West Pharmaceutical is anticipated to release its financial results soon. Shares of these companies saw varied movements, with Sonos experiencing a significant jump.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 2:01 pm

CARR

CLS

DWAC

FIX

PDD

TSM

Jim Cramer shared his views on several companies, highlighting Trane Technologies (TT) and Carrier (CARR) as his preferences in the HVAC sector, with Carrier being undervalued. He was less enthusiastic about Digital World Acquisition Corp. (DWAC), describing it as a political stock. Taiwan Semiconductor (TSM) was praised for its strong performance, especially in AI chips, despite a decline in consumer electronics. Celestica (CLS) was noted for its positive financial results and outlook, similar to its peers Jabil (JBL) and Sanmina (SANM). PDD Holdings (PDD) was mentioned as a trade option due to potential Chinese market stimulus. Comfort Systems USA (FIX) was also discussed, with recent acquisitions noted. The article also reported on the recent stock movements of these companies.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 1:56 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has entered a multi-year partnership with Bapco Upstream, a subsidiary of Bapco Energies, to deploy its software and AI platforms to support Bahrain's energy sector. This collaboration aims to enhance the nation's energy infrastructure and contribute to Bahrain's goal of reducing emissions by 30% by 2035 and achieving Net-Zero by 2060. Palantir reported a 20% increase in Q4 revenue year-over-year, surpassing consensus estimates, with earnings in line with analyst expectations. Following the earnings report, several analysts released positive updates, contributing to a rise in PLTR's stock price, which is up 0.72% to $23.77 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 1:55 pm

ALSN

Allison Transmission announced that a leading global logistics company will add Freightliner Cascadia CNG day cab tractors with Allison's 3414 RHS transmission to its fleet. This move, following the introduction of the 3414 RHS with the DD13 diesel engine and Cummins ISX12N engine, aims to enhance payload, performance, and sustainability. The 3414 RHS transmission is noted for its fuel economy, acceleration, and compatibility with alternative fuels, supporting sustainability without compromising efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:54 pm

ARM

TENX

UAVS

Tenax Therapeutics announced a $9 million public offering, leading to a 65.6% drop in shares. AgEagle shares surged 50% after securing a contract for drones with the U.S. Department of Energy Laboratory. Arm reported strong Q3 results and optimistic Q4 and FY24 guidance, causing a 40% increase in shares.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:51 pm

OMH

Ohmyhome Ltd. (NASDAQ:OMH) announced significant growth following its acquisition of Simply Sakal Pte. Ltd., now Ohmyhome Property Management. The acquisition has expanded Ohmyhome's services, adding a non-cyclical recurring revenue stream with 6,746 units under management and an ARR of over $2.7M. The integration into the Simple App allows entry into the private condominium market, potentially increasing revenue per transaction. New IoT solutions for vehicle management in condominiums have been introduced, enhancing property management efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:50 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) shares, after closing above $700 for the first time, saw a slight decline in Thursday's premarket session. The company, a leader in AI technology, has experienced a significant rally, closing 2023 as the best-performing S&P 500 stock with a 239% jump. Year-to-date, NVDA's stock has surged nearly 42%, driven by its dominant position in AI accelerator chipsets. Analysts have raised expectations ahead of its Q4 results due on Feb. 21. Despite a minor premarket dip, the outlook remains positive due to the ongoing AI revolution.

Portfolio Pulse from Shanthi Rexaline

February 08, 2024 | 1:49 pm

SNAL

Snail, the company behind ARK: Survival Ascended, has released an update for the game's development kit. This update is expected to enhance the game's modding capabilities, potentially leading to increased player engagement and content creation.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:46 pm