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LULU

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance amid a decrease in weekly jobless claims. Ripple's CEO comments on SEC's actions against Ethereum and XRP. Lululemon's weak outlook impacts pre-market session alongside Nike. US political tensions rise with Marjorie Taylor Greene's statements. Taiwan's tech surge and China's investigation into PwC over Evergrande fraud affect the global economy. Apple faces an antitrust lawsuit, while Tesla's Cybertruck production ramps up. Air travel costs are expected to rise due to airlines passing on decarbonization expenses. Various companies face legal and market challenges.

Portfolio Pulse from Akanksha Bakshi

March 22, 2024 | 1:13 pm

NKE

Nike Inc (NYSE:NKE) reported better-than-expected Q3 earnings, leading to a 0.6% increase in its stock price to close at $100.82. The company offers a 1.47% annual dividend yield, equating to $1.48 per share annually. To earn $500 monthly from dividends, an investment of approximately $408,724 or around 4,054 shares is required. The dividend yield can fluctuate with changes in dividend payments and stock price.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 12:27 pm

GIS

KO

SJM

Wall Street's most accurate analysts recommend three consumer staples stocks with over 3% dividend yields: The Coca-Cola Company (KO), The J. M. Smucker Company (SJM), and General Mills, Inc. (GIS). These recommendations are based on their high dividend yields, recent financial performance, and analyst ratings. KO recently increased its quarterly dividend, SJM posted better-than-expected earnings, and GIS reported strong fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 11:51 am

YOU

Clear Secure has announced a special cash dividend of $0.32 per share, payable on April 8, 2024, to Class A and Class B stockholders of record as of April 1, 2024. The dividend will be funded by cash distributions from Alclear Holdings, LLC.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:31 pm

INDB

Independent Bank Corp. (INDB), the parent of Rockland Trust Company, has announced an increase in its quarterly dividend from $0.55 to $0.57 per share, payable on April 5, 2024, to stockholders of record as of April 1, 2024. CEO Jeffrey Tengel highlighted the increase as a reflection of the company's strong capital and commitment to long-term value creation for shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:25 pm

FRD

Friedman Industries has announced an increase in its cash dividend from $0.02 to $0.04. This decision reflects the company's strong financial position and commitment to returning value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:16 pm

NECB

NorthEast Community Bancorp, Inc. (NECB) has increased its quarterly cash dividend from $0.06 to $0.10 per share, payable on May 6, 2024, to shareholders of record as of April 5, 2024. This move reflects the company's commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 7:01 pm

GES

Guess?, Inc. (NYSE:GES) reported Q4 earnings of $2.01 per share, surpassing the consensus estimate of $1.56, with sales of $891.05 million beating estimates of $855.54 million. The company declared a special dividend of $2.25 per share, expects Q1 revenue to grow 1-2%, and forecasts FY2025 revenue to increase 11.5-13.5% with earnings of $2.56-$3.00 per share. CEO Carlos Alberini highlighted plans for growth, including exceeding $3 billion in revenues. Shares surged 22.8% to $31.87. Telsey Advisory Group and Small Cap Consumer Research raised their price targets on Guess?.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 6:48 pm

LU

Lufax Holding Ltd (NYSE:LU) shares rose after announcing Q4 financial results and a special dividend. The company reported a 44.3% decrease in quarterly total income compared to the same period in 2022 but expects an increase in new loan sales and year-end loan balance for FY 2024. A special dividend of $1.21 per share or $2.42 per ADS is proposed, pending shareholder approval. Despite a 40.16% YTD decline, the average analyst price target suggests potential upside.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 6:35 pm

ARGX

GES

LU

MU

Guess?, Inc. (NYSE:GES) reported Q4 earnings surpassing estimates and declared a special dividend, leading to a 23.1% stock rise. Other stocks like Lufax Holding, Nortech Systems, and Micron Technology also saw significant gains following positive financial results or other favorable news. Notably, Micron Technology's strong Q2 results and Q3 guidance boosted its shares by 14.7%, while argenx SE surged 14.4% after competitors' data fell short.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 5:58 pm