Streetbeat News

Corporate Responsibility

MNTS

Momentus Inc.'s stock (MNTS) is trading lower following the announcement that the Space Development Agency (SDA) did not select the company for Tranche 2 Tracking Layer funding. Additionally, there are concerns about the company's ability to continue as a going concern.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:07 pm

JPM

During a conference call, the CFO of JPMorgan stated that there should not be any pressure on the bank's multi-family commercial real estate portfolio.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:58 pm

ALLY

Ally Financial has named Doug Timmerman as its Interim CEO, taking over from Jeffrey Brown. The change in leadership could signal a new direction for the company or a period of transition, which investors will be closely monitoring.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:34 pm

RXT

Rackspace Technology has appointed Mark Marino as its new CFO, effective immediately. Marino brings extensive financial leadership experience to RXT, which could signal a strategic shift or strengthen the company's financial management.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:33 pm

OGN

PFE

VTRS

The article discusses three high-yielding dividend stocks in the health care sector, recommended by Wall Street's most accurate analysts. Organon & Co. (OGN) has a dividend yield of 6.65% and recent news of a new prescription product. Pfizer Inc. (PFE) offers a 5.92% yield and has a new EC-approved cancer treatment. Viatris Inc. (VTRS) yields 3.97% and recently appointed a new CFO. Analyst ratings and price targets for these stocks have been updated, with some ratings downgraded and price targets adjusted.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 1:26 pm

JPM

JPMorgan CFO Jeremy Barnum commented on the current state of the Corporate and Investment Banking pipeline, describing it as robust but also acknowledging the presence of uncertainty, particularly as a headwind in the M&A sector. Additionally, he noted that the attrition rate within the company has decreased compared to previous periods.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:21 pm

AAPL

ARKW

EBAY

FLXS

GOOGL

HOOD

STLA

TSLA

Shiba Inu (SHIB) sees a 400% increase in token burns and $1.38M in whale acquisitions. Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M by 2030. Robinhood lists all Bitcoin Spot ETFs, while Elizabeth Warren criticizes SEC's approval of them. Flexsteel Industries reports strong preliminary results. Trump's town hall garners 4.4M views, and US sanctions Russian entities over missile purchases. Apple and Google make tech headlines with new initiatives and layoffs, respectively. Tesla faces a share price drop and announces a price cut in China. Stellantis invests in battery tech, and eBay settles a harassment case.

Portfolio Pulse from Akanksha Bakshi

January 12, 2024 | 1:04 pm

GIL

Gildan Activewear has announced that Vince Tyra will take over as President and Chief Executive Officer starting January 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 1:04 pm

CRI

Carter's, Inc. has announced the retirement of President & COO Brian J. Lynch. CFO Richard F. Westenberger will take on the additional responsibilities of COO. The transition of roles may lead to internal restructuring and could impact the company's operational efficiency in the short term.

Portfolio Pulse from Charles Gross

January 12, 2024 | 12:41 pm

AMZN

SPY

WMT

Audible, an Amazon division, is reducing its workforce by 5% as part of Amazon's broader downsizing effort, which has affected over 27,000 positions. The layoffs are aimed at streamlining operations and maintaining leadership in audio storytelling. Despite the cuts, Audible's CEO remains optimistic about its future growth. Amazon's job cuts also extend to Prime Video, MGM Studios, and Twitch, with Twitch planning to reduce its workforce by 35%. Amazon's stock gained 63% last year, outperforming the SPDR S&P 500 ETF, which gained 20%.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:26 pm