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Corporate Responsibility

EPD

Enterprise Products Partners L.P. (EPD) expects to make a final investment decision on the Sea Port Oil Terminal before the end of 2024. Additionally, the company has notified shippers of a planned downtime on the Wink to Webster Pipeline for about 10 days in June, as mentioned during a conference call by CCO Brent Secrest.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:59 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are up following clarification on share recall for short selling. CEO Devin Nunes accuses brokerage firms of stock manipulation, urging an investigation by House GOP leaders. The stock has been volatile since its Nasdaq debut, with significant price fluctuations and operational losses revealed.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 2:47 pm

IBM

IBM's board of directors has approved an increase in the quarterly cash dividend from $1.66 to $1.67 per share, marking the 29th consecutive year of dividend increases. This dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024. IBM has a long history of paying quarterly dividends since 1916. CEO Arvind Krishna highlighted IBM's focus on hybrid cloud and AI technologies, which are driving growth and enabling continued innovation and shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:41 pm

CYBR

CyberArk announced it has earned new SOC 2 Type 2 and SOC 3 certifications for its Identity Security Platform, underscoring its commitment to high standards of data security and privacy.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:56 pm

GL

Viceroy Research has taken a short position on Globe Life (NYSE:GL) after an extensive investigation into the company and its subsidiary, American Income Life (AIL), revealing allegations of fraud, kidnapping, assault, and child grooming by AIL's agents. The investigation, which reviewed over 11,000 documents and 40GB of data, also uncovered fraudulent sales tactics and structural cash flow issues within AIL. The severity of these findings suggests potential significant outcomes from Department of Justice and EEOC investigations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:35 pm

CCL

CUK

Princess Cruises, a part of Carnival Corporation, has announced changes to its 2025 World Cruises itineraries due to uncertainties in the Red Sea and surrounding regions. The revised routes will exclude the Middle East and Asia, introducing new stops in Africa and Europe. This decision follows consultations with global security experts and government authorities, aiming to maintain destination-rich itineraries while ensuring passenger safety.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:34 pm

STLA

Stellantis CFO projects a H1 Adjusted Operating Income (AOI) margin of 10%-11%, attributing the positive outlook to cost-cutting measures aimed at compensating for a challenging market environment, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:33 pm

AAPL

FINX

IPAY

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported a 9% year-over-year revenue growth to $7.7 billion in the fiscal first quarter, surpassing the consensus estimate of $7.5 billion but missing EPS estimates with $1.08 per share against an expected $1.22. Total payment volumes rose 14% to $403.9 billion, despite a 1% decrease in total active accounts to 427 million. The company saw an operating margin expansion to 18.2% and forecasts a 6.5%-7% revenue increase for Q2. PayPal anticipates a mid to high single-digit percentage increase in full-year 2024 adjusted EPS. The company faces competitive pressure from Apple Inc (NASDAQ:AAPL) but remains focused on strategic initiatives and cost savings. PayPal's stock has declined by 11% over the past year but recently saw a 5.81% increase to $70.90.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 1:33 pm

KELYA

UPWK

KellyOCG, a part of Kelly (NASDAQ:KELYA, KELYB), has partnered with Upwork (NASDAQ:UPWK) to enhance its Human Cloud solution, allowing clients to access Upwork's global network of independent professionals. This strategic partnership, a first for a Managed Service Provider like KellyOCG, integrates Upwork's vast talent pool into Kelly's Human Cloud solution, powered by Kelly Helix UX and Analytics. It aims to streamline the hiring process, improve compliance, and offer a comprehensive view of external workforce productivity, supporting a Total Talent Management approach.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:30 pm

WMT

Sam's Club, a division of Walmart Inc. (WMT), has implemented AI-powered exit technology in over 120 locations, marking a significant technological advancement within 20% of its clubs since its announcement at CES four months ago.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:23 pm