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Corporate Responsibility

JBL

Jabil Inc. (NYSE:JBL) is set to release its Q3 earnings report, with analysts expecting earnings of $1.85 per share, down from $1.99 per share last year, and revenue of $6.53 billion. The company recently appointed Michael Dastoor as CEO and Gregory Hebard as CFO. Jabil's current dividend yield is 0.26%, with a quarterly dividend of 8 cents per share. Shares of Jabil rose 4.2% to close at $124.48 on Monday.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:47 pm

O-I Glass has announced a $65 million investment in electrification and decarbonization at its Veauche, France facility. This move is part of the company's broader sustainability initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:32 am

CHGG

Chegg shares are trading higher following the announcement of a restructuring plan that includes reducing headcount, introducing a new brand and marketing strategy, and dedicating more resources to its international program.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:20 am

FUN

SIX

Cedar Fair and Six Flags Entertainment have announced the senior management team for their combined company, which will operate under the name Six Flags Entertainment Corporation and trade under the ticker symbol 'FUN' on the NYSE. The merger is expected to close on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:09 am

SQNS

Sequans has decided to optimize its R&D expenses by suspending the development of its 5G fixed wireless product. The company will now focus on low-power 5G technology for massive IoT applications.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 10:26 am

ASNS

AWIN

CHGG

MBIO

NLSP

QMCO

Chegg, Inc. (NYSE:CHGG) shares surged 20.7% in pre-market trading following the announcement of a restructuring plan, including a 23% headcount reduction and a focus on international programs. Other notable pre-market movers include Actelis Networks, Inc. (NASDAQ:ASNS) up 112.2%, NLS Pharmaceutics AG (NASDAQ:NLSP) up 62.8%, and Mustang Bio, Inc. (NASDAQ:MBIO) up 46.7%. On the losing side, AERWINS Technologies Inc. (NASDAQ:AWIN) fell 48.8% and Quantum Corporation (NASDAQ:QMCO) dropped 38%.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 9:28 am

Toyota Chairman Akio Toyoda has been re-elected despite decreased shareholder support and governance issues. The reappointment was expected due to Toyota's shareholdings by other group firms and Toyoda's popularity among retail investors. However, a significant drop in shareholder support could prompt further governance reforms. Toyota has faced safety and certification testing violations, leading to a 10% drop in shares since the revelations, though shares are still up 18% for the year.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 9:14 am

SPGI

S&P Global has expanded its data offerings by adding sustainability insights to 11,000 bonds. This move aims to provide investors with more comprehensive information on the environmental, social, and governance (ESG) aspects of these bonds.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:58 am

ALV

Autoliv (NYSE:ALV) has introduced airbag cushions made from 100% recycled polyester, reducing GHG emissions by 50% while maintaining safety standards.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:43 am

CRMT

JELD

KBH

PDCO

SIGA

Key stocks to watch this Tuesday include Patterson Companies, JELD-WEN Holding, KB Home, SIGA Technologies, and America's Car-Mart. Patterson Companies is expected to report earnings of $0.83 per share on $1.71 billion revenue. JELD-WEN named a new CFO, causing shares to drop. KB Home is expected to post earnings of $1.80 per share on $1.65 billion revenue. SIGA Technologies expanded TPOXX access, and America's Car-Mart is expected to report earnings of $0.89 per share on $361.47 million revenue.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:39 am