Streetbeat News

Dividends

LLY

RMD

ResMed Inc. (NYSE:RMD) reported strong Q4 2024 earnings with revenue of $1.22 billion, driven by increased demand for sleep devices and masks. Gross margin improved significantly, and adjusted EPS beat consensus. The company also increased its quarterly dividend by 10%. Despite short-term challenges, analysts remain positive on ResMed's fundamentals. Eli Lilly (NYSE:LLY) released results from phase 3 trials for tirzepatide injection for obstructive sleep apnea.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 2:46 pm

FTXN

OILT

OXY

Occidental Petroleum Corporation (NYSE:OXY) shares are trading lower following the acquisition of CrownRock, L.P. for $12 billion. The deal is expected to enhance Occidental's Permian portfolio and increase free cash flow. The company also announced a dividend increase. Ecopetrol (NYSE:EC) will not purchase a stake in CrownRock. Occidental recently sold Delaware Basin assets to Permian Resources Corp (NYSE:PR) for $818 million. Investors can gain exposure to OXY via Texas Capital Texas Oil Index ETF (NYSE:OILT) and First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN).

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 1:37 pm

IYE

XLE

XOM

ExxonMobil reported strong Q2 FY24 results with revenues of $93.060 billion and adjusted net profit of $9.24 billion. The company plans a $19 billion share buyback in FY24 and declared a $0.95 per share dividend. Despite positive earnings, XOM shares are trading lower.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 1:22 pm

LUMN

TSM

TYL

WFC

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round.' He recommended buying Wells Fargo (WFC) and praised Tyler Technologies (TYL) for its stellar reputation. He acknowledged the political risk in Taiwan Semiconductor (TSM) but noted it is a great company. Cramer expressed no conviction in Cemex (CX) and suggested caution with Lumen Technologies (LUMN) despite its recent price increase.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:42 pm

TSN

Tyson Foods (NYSE:TSN) is set to release its Q3 earnings report on Aug. 5. The company offers a 3.23% annual dividend yield, translating to $1.96 per share annually. To earn $500 monthly from dividends, an investment of approximately $185,986 is required. Analysts expect Q3 earnings of 65 cents per share and revenue of $13.21 billion. Bank of America Securities recently maintained a Neutral rating but lowered the price target from $62 to $60.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:33 pm

INTC

Intel shares are trading lower after the company reported worse-than-expected Q2 financial results and issued soft guidance. The company also suspended its dividend and announced a headcount reduction. Raymond James downgraded the stock following the report.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:16 pm

DEA

MPW

SVC

Wall Street's most accurate analysts have provided their ratings on three high-yielding real estate stocks: Medical Properties Trust, Service Properties Trust, and Easterly Government Properties. These stocks offer dividend yields of over 7%, making them attractive to investors seeking stable returns during market turbulence.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 11:59 am

PPL

PPL Corporation has reaffirmed its 2024 adjusted EPS forecast range of $1.63 to $1.75, with a midpoint of $1.69, slightly below the $1.71 estimate. The company also reaffirmed its projected annual EPS and dividend growth of 6% to 8% through at least 2027.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:38 am

AMD

INTC

NVDA

TSM

Intel shares plummeted 21% in pre-market trading following disappointing Q2 results, a 15% workforce reduction, and dividend suspension. This marks Intel's worst drop since 2000, potentially losing $25 billion in market value. The company struggles to compete with TSMC, Nvidia, and AMD.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 11:35 am

PIPR

Piper Sandler Companies has announced an 8% increase in its quarterly dividend, raising it from $0.60 to $0.65 per share. The dividend will be paid on September 13, 2024, to shareholders of record as of August 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:05 am