Streetbeat News

Acquisitions Mergers

BA

SPR

Spirit Aerosystems is currently in discussions with Boeing regarding a potential acquisition of the company. This news indicates a significant development in the aerospace sector, potentially impacting the market positions and financial outlooks of both companies involved.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:30 am

BMY

ENOV

GRI

TVGN

The article highlights the top 4 oversold health care stocks, suggesting potential investment opportunities. Tevogen Bio, Enovis Corporation, GRI Bio, and Bristol-Myers Squibb are identified based on their low RSI values, indicating they may be undervalued. Recent company developments and stock performance are discussed for each.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 11:18 am

WAT

Waters Corp (WAT) has reiterated its FY24 financial guidance, expecting revenue growth of 0.0%-2.0% YoY against a $2.98B estimate and an adjusted EPS of $11.75-$12.05 versus an $11.89 estimate. The guidance includes impacts from currency translation, the Wyatt acquisition, and an estimated 2% headwind from unfavorable foreign exchange.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:13 am

GOOG

MSFT

Mustafa Suleyman, co-founder of Google's DeepMind, shared his positive first month experiences at Microsoft, highlighting the company's AI-first approach and supportive culture. His move signifies Microsoft's aggressive push in AI, aiming to outpace competitors like Google. Suleyman's focus on 'Responsible AI' suggests a strategic direction for Microsoft's AI development.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 11:11 am

CXT

Crane NXT, Co. (NYSE:CXT), a leading industrial technology company, has finalized its acquisition of OpSec Security, a top provider of brand protection and authentication solutions. This strategic move aims to enhance Crane NXT's offerings in the brand protection space.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:11 am

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am

ASH

Ashland has agreed to sell its nutraceuticals business to Turnspire Capital Partners, with the deal expected to close in Q3 2024. The business, which provides ingredients and manufacturing for nutritional products, operates from facilities in the US and Mexico.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:00 am

WAT

Waters Corp (WAT) forecasts a Q2 sales decline between 6.5% to 4.5% compared to estimates, with adjusted EPS expected to be $2.50-$2.60 versus the $2.77 estimate. The decline factors in organic constant currency sales growth, currency translation impacts, and contributions from the Wyatt acquisition.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:58 am

BLD

TopBuild has updated its 2024 financial outlook, raising sales expectations to $5.4B-$5.6B from the previous $5.36B-$5.56B, surpassing the consensus of $5.496B. The company also forecasts adjusted EBITDA to be between $1.065B and $1.155B, attributing the positive adjustment to strong first-quarter profitability and recent acquisitions.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:54 am

FGF

Fundamental Global (FGF) shares are trading higher following the announcement of acquiring Strong/MDI Screen Systems through FG Acquisition Corp., valued at $30 million.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:53 am