Streetbeat News

Dividends

OMC

Analysts have provided ratings for high-yielding dividend stocks in the tech and telecom sector. Omnicom Group Inc. (OMC) has a dividend yield of 3.29% with mixed price target adjustments from Citigroup and Morgan Stanley. Verizon Communications Inc. (VZ) offers a 6.76% yield, with positive ratings and price target increases from Oppenheimer and Citigroup. AT&T Inc. (T) has a 6.47% yield, receiving a Buy rating from Citigroup and an upgrade from Scotiabank. Recent news includes OMC's upbeat Q3 earnings, VZ's new Netflix and Max bundle, and T-Mobile's inclusion of Hulu in its services.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 12:32 pm

ANGO

GBX

STZ

WBA

Investor sentiment, as measured by the CNN Money Fear and Greed index, has slightly declined, moving to the 'Greed' zone. The Nasdaq Composite fell for the fifth consecutive day, with a 4% drop since December 27, despite a 43% surge in 2023. Walgreens Boots Alliance Inc (WBA) reported positive Q1 earnings but reduced its quarterly dividend. U.S. private businesses added more workers than expected in December, and jobless claims fell. Most S&P 500 sectors ended lower, except for health care and financials. The Dow Jones rose slightly, while the S&P 500 and Nasdaq fell. Investors are looking forward to earnings from ANGO, GBX, and STZ, and the December jobs report is anticipated to show 170,000 new jobs.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 10:24 am

LLY

PTON

TSLA

WBA

QuantumScape Corp shares soared 46.1% after a positive battery test by a Volkswagen subsidiary, while Peloton Interactive shares jumped 22.5% due to a partnership with TikTok. Eli Lilly shares dipped 1.16% after launching LillyDirect for home delivery of weight loss medicines. Walgreens shares fell 9.80% despite higher sales, due to reduced dividends and lower income. Tesla shares slightly declined by 0.02%, but analysts remain positive about its future prospects.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 1:57 am

WBA

Walgreens Boots Alliance (WBA) shares dropped following the release of Q1 financial results. The company anticipates a negative impact on retail sales due to a decrease in consumer spending and changing behaviors. Additionally, WBA announced a significant reduction in its quarterly dividend, slashing it by 48%.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:29 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported first-quarter earnings with a 10% year-over-year increase in sales to $36.7 billion, surpassing the consensus of $34.86 billion. Adjusted EPS fell 43.1% to $0.66 but beat the consensus of $0.61. However, Walgreens lowered its quarterly dividend by 48% to 25 cents per share. Meanwhile, crude oil prices declined by 0.7%, and U.S. stocks traded mixed with the Dow Jones gaining and NASDAQ falling slightly.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 7:15 pm

PTON

TFC

TLT

WBA

XLF

Tech stocks continued to decline while the broader market showed flat performance. The ADP employment report exceeded expectations, suggesting a strong labor market. Treasury yields rose, reducing the likelihood of a March rate cut. The iShares 20+ Year Treasury Bond ETF (TLT) dropped significantly. The dollar remained stable, and Bitcoin recovered some losses. Financials outperformed with the Financial Select Sector SPDR Fund (XLF) rising, while real estate and solar sectors underperformed. Apple, Walgreens, and Peloton were notable stock movers, with Truist Financial (TFC) receiving an upgrade from Bank of America.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 7:04 pm

Lamb Weston Holdings, Inc. (NYSE:LW) shares rose after reporting Q2 sales of $1.732 billion, surpassing the $1.70 billion analyst consensus. Adjusted EPS of $1.45 also beat the $1.41 consensus. The company cited pricing actions, mix improvements, and supply chain savings as drivers, despite a $71 million charge for excess raw potatoes. Gross profit and adjusted income from operations increased, and adjusted EBITDA rose 15% to $376.9 million. LW repurchased $50 million in stock and paid $41 million in dividends, announcing a 29% dividend increase to $0.36 per share. The FY24 net sales target was reaffirmed at $6.8-$7.0 billion, and the diluted EPS target was raised to $5.70-$6.15. LW shares were up 0.27% to $105.21.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 5:26 pm

LLY

NVO

Eli Lilly And Co (NYSE:LLY) has launched a new website, LillyDirect, to facilitate home delivery of weight loss medications, including the FDA-approved Zepbound (tirzepatide) for obesity treatment. The service extends to diabetes and migraine treatments, with medications like Emgality and insulin available for delivery. The company also issued an open letter about the use of its drugs for serious diseases, not cosmetic weight loss. A study showed Eli Lilly's Mounjaro (tirzepatide) was more effective than Novo Nordisk A/S's (NYSE:NVO) Ozempic (semaglutide) for weight loss. Eli Lilly also increased its quarterly dividend by 15%, indicating financial strength. LLY shares rose 1.49% to $626.88.

Portfolio Pulse from Vandana Singh

January 04, 2024 | 5:21 pm

WBA

Walgreens Boots Alliance Inc (WBA) reported Q1 FY24 sales of $36.7 billion, a 10% increase year-over-year, surpassing expectations. Adjusted operating income fell 33% to $687 million, and adjusted EPS dropped 43.1% to $0.66, still beating estimates. Comparable sales in U.S. retail pharmacy rose 8.1%, but total prescriptions filled remained flat. WBA cut its quarterly dividend by 48% to $0.25 per share. The company reaffirmed its FY24 adjusted EPS guidance of $3.20-$3.50, with U.S. Healthcare adjusted EBITDA expected to break even. WBA shares fell 9.80% to $23.07.

Portfolio Pulse from Vandana Singh

January 04, 2024 | 3:27 pm

FCNCA

FUNC

IBCP

MAIN

SBFG

The article highlights five value stocks in the financial services sector with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. The stocks mentioned are Independent Bank (IBCP), First United (FUNC), Main Street Capital (MAIN), SB Financial Group (SBFG), and First Citizens BancShares (FCNCA). The article provides recent earnings per share (EPS) data and dividend yield changes for each company, indicating their financial performance and shareholder returns.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 2:47 pm