Streetbeat News

Dividends

AAPL

QQQ

SPY

Wall Street anticipates continued upward momentum, buoyed by Apple's positive earnings report, which included a significant buyback program and a dividend hike. However, upcoming non-farm payrolls data and wage inflation measures may influence market sentiment. Premarket trading saw gains in SPDR S&P 500 ETF Trust and Invesco QQQ ETF. Other stocks showed varied movements based on their earnings reports. The market's direction may hinge on inflation trends and the Federal Reserve's interest rate decisions.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 11:03 am

AAPL

Apple's stock is on the rise following the announcement of robust Q2 earnings, an increase in its dividend, and the authorization of an additional $110 billion for stock repurchases.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:55 am

ESNT

Essent Group Ltd. has announced a quarterly cash dividend of $0.28 per common share, which will be payable on June 10 to shareholders who are on record as of May 31.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:43 am

AAPL

Apple Inc. (NASDAQ:AAPL) shares are surging in premarket trading after the company reported stronger-than-expected fiscal year 2024 second-quarter results. Highlights include a smaller-than-expected decline in China revenue, a record high installed device base, mid-single-digit percentage growth guidance for June, a $110 billion stock buyback plan, and a 6.2% dividend increase. Despite a fifth year-over-year revenue decline in six quarters, optimism remains high for the latter half of the year. CEO Tim Cook's comments on Generative AI investments and potential third-party partnerships also drew attention. Apple's stock price rose 5.90% to $183.24 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 10:40 am

AAPL

AMGN

STEM

Apple Inc. shares surged 6% in pre-market trading after announcing better-than-expected Q2 results, a $110-billion stock buyback program, and a dividend increase. Other stocks also moved significantly in pre-market trading, with notable gainers including Vaxxinity, El Pollo Loco, AXT, Inc., and Amgen Inc., each reporting positive financial results or corporate actions. Conversely, companies like NanoVibronix, Sprout Social, and Stem, Inc. saw declines due to disappointing financial results or corporate developments.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 9:57 am

AAPL

Apple, Inc. (NASDAQ:AAPL) announced a record-breaking $110 billion stock buyback program and a 4.2% dividend increase, making it the largest buyback in U.S. history and surpassing the market caps of major companies like Boeing and Starbucks. This move reflects a broader trend among companies to boost shareholder returns amid stagnant revenue growth. Apple's buyback, part of a surge in U.S. stock repurchases, highlights the tech sector's dominant role in buyback activity. Despite criticism for focusing on stock performance over product innovation, Apple's stock rose 5.77% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 9:43 am

AAPL

AXL

COIN

FLR

HSY

U.S. stock futures are trading higher with focus on Apple, Hershey, American Axle, Coinbase, and Fluor due to earnings reports and corporate actions. Apple announced a $110-billion stock buyback and a dividend increase after reporting strong Q2 results. Hershey, American Axle, and Fluor are anticipated to release their earnings, with Hershey expected to report $2.76 EPS on $3.11 billion revenue. Coinbase reported higher sales for Q1 and projected Q2 subscription and services revenue between $525 million to $600 million.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:46 am

AAPL

TSLA

Apple Inc. (AAPL) announced a significant stock buyback program of $110 billion, surprising many including Tesla's CEO Elon Musk. This move, along with a dividend hike, has drawn attention and speculation about whether Tesla will follow suit amidst its own challenges. The tech sector sees a trend of increasing stock buybacks, with total US stock repurchases expected to surpass $1 trillion. Meanwhile, Tesla, facing investor pressure for buybacks in 2022, is navigating through tough market conditions, making capital preservation a priority.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 6:11 am

HSY

Hershey (NYSE:HSY) is expected to report lower Q1 earnings at $2.76 per share compared to $2.96 last year, with revenue projected at $3.11 billion up from $2.99 billion. The company previously raised its quarterly dividend after mixed Q4 results. Analysts have adjusted their ratings and price targets, with changes including downgrades and both increases and decreases in price targets.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 4:52 am

Delek US Holdings, Inc. announced an increase in its regular quarterly dividend from $0.2450 to $0.25 per share, payable on May 24, 2024, to shareholders of record as of May 17, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:46 pm