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Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

IBM

JNPR

XRX

The article discusses three high-yielding dividend stocks in the tech sector, as recommended by Wall Street's most accurate analysts. The stocks are Xerox Holdings Corporation (XRX), International Business Machines Corporation (IBM), and Juniper Networks, Inc. (JNPR). The article provides recent analyst ratings and price targets for these stocks, along with recent news about each company.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:07 pm

CEG

Mizuho analyst Anthony Crowdell has reiterated a Neutral rating on Constellation Energy Corporation (NASDAQ:CEG), raising the price target to $116 from $106 due to strong fundamentals. The company is expected to return capital to shareholders, possibly through increased share repurchases or a special dividend. The company's stock is currently trading lower by 0.92% to $114.66.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 6:24 pm

PNC

PNC Financial Services Group Inc reported mixed Q3 FY23 earnings, with a revenue decline of 1% Q/Q to $5.23 billion, missing the consensus of $5.32 billion. Revenue declined 6% Y/Y due to lower noninterest and net interest income. The company reported a provision for credit losses of $129 million in the quarter. EPS of $3.60 came above the consensus of $3.10. PNC's board of directors declared a quarterly cash dividend per share of $1.55. PNC shares are down 1.90% at $119.01.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 3:57 pm

DMB

BNY Mellon Municipal Bond (NYSE:DMB) has announced a monthly dividend of 4 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The dividend will be paid out on November 01, 2023.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:45 pm

FUL

H.B. Fuller (NYSE:FUL) has announced a quarterly dividend of 20.5 cents per share, payable on November 02, 2023. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders owning FUL as of the end of Tuesday's session are eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:45 pm

HLF

IMKTA

PRDO

SANW

STG

Benzinga Insights has identified five notable value stocks in the consumer defensive sector based on quantified analysis. These include Herbalife (HLF), Sunlands Technology (STG), Ingles Markets (IMKTA), Perdoceo Education (PRDO), and S&W Seed (SANW). The companies' recent earnings and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:40 pm

WFC

Wells Fargo CEO has announced plans to increase dividends and buyback shares, despite capital proposals. This indicates the bank's confidence in its financial stability and future growth.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:13 pm

SKT

Tanger Factory Outlet Centers Inc (SKT) has announced a 6.1% increase in its annual dividend from $0.98 to $1.04 per share. The company's Board also declared a quarterly cash dividend of $0.26 per share, payable on November 15, 2023. The company is set to report its Q3 FY23 earnings on November 6, 2023. As of June 30, 2023, the company held cash and equivalents of $233.8 million.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 2:05 pm

KFFB

Kentucky First Federal Bancorp (NASDAQ:KFFB) announced a quarterly cash dividend of $0.10 per share, payable on November 20, 2023. However, the company expects future dividends to be reduced due to a decline in the banks' earnings. The company is implementing strategies to emphasize core deposit relationships and shift more of the loan portfolio towards higher-earning loans. The board expects that if quarterly dividends continue in 2024, they will be limited to no more than five cents per share.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:52 pm