Streetbeat News

Acquisitions Mergers

NEM

Analyst ratings for Newmont (NYSE:NEM) show a mix of opinions, with recent actions including downgrades and new price targets. The average 12-month price target is now $46.00, down from $49.67. Newmont, the world's largest gold miner, has seen a revenue decline of -5.35% in the last quarter but maintains strong profitability indicators such as net margin and ROE. The company's debt-to-equity ratio is higher than the industry average, indicating financial risk.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

CVS

Recent analyst ratings for CVS Health (NYSE:CVS) show a mix of bullish and somewhat bullish perspectives, with a slight decrease in the average 12-month price target to $91.00 from $94.00. The company's financial performance is strong, with significant revenue growth, high net margin, and effective debt management. CVS Health's diverse healthcare services and recent acquisition of Oak Street highlight its strategic expansion.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

AMDI

Amphitrite Digital Inc (NASDAQ:AMDI) is set to begin trading on NASDAQ on February 09, with an IPO price range of $3.50 to $4.50 per share. The company specializes in providing in-destination tours, activities, and attractions in the US and the Caribbean, focusing on marine wildlife, nature, history, and culture.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

TBBB

BBB Foods Inc (NYSE:TBBB), a leader in Mexico's grocery hard discount retail sector, is set to IPO on February 9, with shares priced between $14.50 and $16.50. The company has announced a 180-day insider lock-up period ending on August 7, 2024.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:00 pm

DVN

ERF

Devon Energy has made an acquisition offer to Enerplus, according to Reuters. This move could potentially consolidate their positions in the energy sector, impacting both companies' market dynamics.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 2:53 pm

BTI

British American Tobacco PLC (NYSE:BTI) shares surged after reporting preliminary 2023 results, showing a revenue decline of 1.3% but organic growth of 3.1%. New Categories segment revenue increased by 15.6% Y/Y, contributing significantly to total profit. The company also highlighted a review of its stake in India's ITC and anticipates low-single-digit organic revenue and adjusted profit growth in 2024, despite expecting global tobacco industry volume to decline by 3%. Investments are planned to strengthen the U.S. business and accelerate innovation.

Portfolio Pulse from Lekha Gupta

February 08, 2024 | 2:40 pm

META

MU

A discussion on Reddit about Meta Platforms Inc's (NASDAQ:META) announced $50 billion buyback has sparked diverse opinions among investors. Some view it as a bullish move that could benefit shareholders, while others express concerns regarding timing, valuation, and long-term value impact. Perspectives range from comparisons with past buybacks, such as Micron Technology Inc's (NASDAQ:MU), to considerations of stock valuation and capital allocation.

Portfolio Pulse from Surbhi Jain

February 08, 2024 | 2:36 pm

UAVS

AgEagle Aerial Systems Inc (AMEX:UAVS) shares surged 21.4% after announcing a new drone contract with UT-Battelle LLC for the Department of Energy's Oak Ridge National Laboratory. The contract involves the procurement of eBee X and eBee TAC drones, recognized for their U.S. government certification and FAA approval for Operations Over People without a waiver. This deal highlights AgEagle's role as a trusted partner in providing certified security solutions for critical areas such as national security and emergency response.

Portfolio Pulse from Adam Eckert

February 08, 2024 | 2:34 pm

DIS

FUBO

SFTBY

Cryptocurrencies surge amid small banking fears and potential regulatory advancements. US markets show signs of overbought levels but remain optimistic. Political and global events continue to influence market sentiments. Tech and EV sectors see significant developments, while consumer and communication sectors experience notable stock movements. Financial sector reports gains, particularly for SoftBank. General news highlights include corporate and legal updates.

Portfolio Pulse from Akanksha Bakshi

February 08, 2024 | 2:28 pm

NIO

TSLA

Huawei Technologies Co plans to install 100,000 superfast EV charging stations across China by 2024, aiming to outpace Tesla Inc in the EV sector. These chargers, with 600kW power efficiency, surpass Tesla's 250kW superchargers and are universally compatible with all EVs, including Tesla's. This move could intensify competition in the auto market and challenge Tesla's dominance in the EV charging domain. Tesla's shares traded higher by 1.19% at $189.81 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 2:26 pm