Streetbeat News

Products Services

KODK

Eastman Kodak Company has been granted U.S. Patent #11703791, which pertains to a method for correcting media position errors in a printing system.

Portfolio Pulse from Charles Gross

July 18, 2023 | 5:56 pm

AMZN

PTON

Amazon's annual Prime Day event saw record gross merchandise volume (GMV) and unit sales, with over 375 million items sold worldwide, a 25% increase YoY. Prime Day GMV increased to $12.7 billion, up $600 million from 2022. The extension of Prime Day to third-party merchants using Buy with Prime may boost 3Q margins. The event also saw a 20% increase in 'Buy Now, Pay Later' (BNPL) orders. Peloton Interactive offered discounts on its bikes, ranking #2 and #17 among Amazon's best-selling exercise bikes. Despite the success, JMP Securities analyst Nicholas Jones does not expect significant movement in Amazon's shares in response to Prime Day.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 5:54 pm

META

MSFT

Microsoft Corp (NASDAQ:MSFT) stock is trading higher after announcing Bing Chat Enterprise and Microsoft 365 Copilot pricing. The company is expanding Bing to reach new audiences and has announced Visual Search in Chat. Microsoft also disclosed expanding its AI partnership with Meta Platforms Inc (NASDAQ:META) with Llama 2 on Azure and Windows. MSFT shares traded higher by 5.8% at $365.65.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 5:49 pm

CVNA

Carvana has been granted U.S. Patent #11704708 for systems and methods for generating virtual item displays. This could potentially enhance their online car shopping experience.

Portfolio Pulse from Charles Gross

July 18, 2023 | 5:49 pm

MSFT

The initial pricing details for Microsoft's (MSFT) Artificial Intelligence (AI) product have been released and are viewed as very bullish.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:16 pm

JOBY

Joby Aviation shares are being closely watched following the circulation of a New York Times article on air taxis. The article may have mentioned Joby Aviation (JOBY).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:09 pm

AMZN

Amazon is launching a startup reality show, 'Mission Start Ab', on its Prime Video service in India. The show aims to discover India's next unicorn amidst a funding winter in the country's startup economy. This move is part of Amazon's strategy to reshape its image in India and tap into the country's growing enthusiasm for entrepreneurship. Amazon plans to ramp up investments in India to $26 billion by 2030.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 4:52 pm

ENVX

Enovix Corp (NASDAQ:ENVX) announced the general availability of its IoT and wearable cell, which has a capacity advantage of up to double compared to current market products. The company's CEO expects custom cell development to be a major revenue driver in 2024 and beyond. Last month, Enovix received a purchase order from the U.S. Army for commercial cells for Conformal Wearable Batteries. The company's shares are up nearly 55% over the last month and more than 80% since the start of the year.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 4:45 pm

MDT

Medtronic Plc (NYSE:MDT) has recalled certain implantable cardioverter defibrillators (ICDs) and cardiac resynchronization therapy defibrillators (CRT-Ds) due to a risk of low or no energy output during high voltage therapy. The FDA has classified this as a Class I recall, the most serious type. The recall impacts around 350k devices manufactured after 2017. Medtronic has reported 28 incidents and 22 injuries related to this issue. MDT shares are down 0.95% at $85.89.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 4:44 pm

APVO

Aptevo Therapeutics Inc announced positive results from its Phase 1b trial of APVO436, a drug candidate for acute myelogenous leukemia (AML). The drug, in combination with venetoclax and azacitidine, achieved a high response rate of 82%. The company also plans to conduct Phase 2 trials for APVO436 in the second half of 2023. Despite the positive news, Aptevo's stock price fell by 25.40%.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 4:03 pm