Streetbeat News

Products Services

AAPL

META

Meta Platforms Inc (NASDAQ:META) is reportedly developing a new feature for its social media app Threads that could allow posts and their replies to disappear after 24 hours. This feature aims to enhance user privacy and differentiate Threads from competitors. Analysts have a positive outlook on Meta's stock, with an average 12-month price target of $575.94.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 1:00 pm

ZOM

Zomedica Corp. (NYSE:ZOM) has announced a strategic partnership with SIRE Veterinario, S.A. to distribute its veterinary products in Costa Rica. This move aligns with Zomedica's goal to expand into Central and South America. The partnership is expected to support local veterinarians with advanced veterinary equipment and technologies.

Portfolio Pulse from Akanksha Bakshi

August 14, 2024 | 12:57 pm

AMZN

GOOG

META

MSFT

NVDA

Nvidia's stock has rebounded significantly, adding billions to its market value. The stock now trades at a more attractive valuation, and analysts are optimistic about its AI growth potential. Major tech companies continue to invest in AI infrastructure, benefiting Nvidia.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 12:56 pm

AAPL

AMZN

GOOG

GOOGL

META

Wedbush's Dan Ives believes a breakup of major tech companies is 'highly unlikely' despite the DOJ's recent antitrust victory over Google's monopolistic practices. Instead, he expects business model tweaks and increased scrutiny of mergers and acquisitions. The DOJ's consideration of a breakup bid for Google marks a significant regulatory move, but legal battles could drag on for years.

Portfolio Pulse from Pooja Rajkumari

August 14, 2024 | 12:52 pm

MEDIF

MediPharm Labs Corp. reported improved Q2 2024 financial results, with revenue increasing by 8% YoY to CA$10.3 million. Gross profit surged nearly 300% YoY due to cost reductions and production efficiencies. The net loss narrowed to CA$2.6 million, and adjusted EBITDA improved significantly. The company also entered into a licensing agreement with Remidose Aerosols Inc. and began delivering new high-potency medical cannabis products in Germany.

Portfolio Pulse from Jelena Martinovic

August 14, 2024 | 12:50 pm

BLK

BTCUSD

The article discusses the potential implications of BlackRock (NYSE:BLK) owning 1 million Bitcoin (CRYPTO: BTC), which is about 5% of the total supply. Despite concerns about market manipulation, the influencer Peruvian Bull argues that Bitcoin's inherent characteristics and the presence of 'price-insensitive buyers' would limit BlackRock's ability to control the market. The involvement of BlackRock could ultimately strengthen Bitcoin's position.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 12:48 pm

REBN

Reborn Coffee, Inc. (NASDAQ:REBN) has announced a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co. to expand into the China market, specifically in Liaoning Province. This partnership will establish Reborn Coffee's locations in Shenyang, a city with over 43 million residents.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:42 pm

ILAL

JNVR

Janover Inc. (Nasdaq: JNVR) has entered into a licensing agreement with International Land Alliance, Inc. (OTCQB: ILAL) to integrate its AI technology into ILAL's sales and marketing operations. This collaboration aims to enhance ILAL's capabilities and demonstrates Janover's commitment to providing advanced AI and technology infrastructure to the real estate industry.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:42 pm

HAIL

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower, down 0.43% to $6.94 premarket. The company is set to unveil the first model in its Mona lineup, the M03, on August 27. XPeng has lost over 57% in the past year. Investors can gain exposure to XPeng via SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 12:42 pm

JSDA

Jones Soda Co. (OTCQB:JSDA) reported a 49% YoY revenue increase to $7.2 million for Q2 2024, driven by THC-infused beverage sales. Despite the revenue growth, the company saw a higher net loss of $1.6 million due to increased operating expenses aimed at supporting growth initiatives. The company also launched new products and expanded its Mary Jones cannabis brand.

Portfolio Pulse from Nina Zdinjak

August 14, 2024 | 12:42 pm