Streetbeat News

Earnings

IYT

PKB

XLV

XRT

In February, the U.S. saw a significant jobs growth, with the health care sector leading by adding 67,000 jobs, contributing to over a quarter of the total 275,000 jobs created. The Health Care Select Sector SPDR Fund (XLV) has seen an 8% increase this year, reflecting the sector's strong performance. Other notable job growths were in government employment, construction, transportation and warehousing, and retail trade, with respective ETFs like the Invesco Building & Construction ETF (PKB) and the iShares Transportation Average ETF (IYT) also experiencing gains.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 3:20 pm

PSTX

Poseida Therapeutics' stock price has decreased following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:19 pm

CRMT

America's Car-Mart reported higher than expected Q3 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:11 pm

CVNA

SWBI

Smith & Wesson Brands, Inc. (SWBI) reported better-than-expected Q3 financial results, leading to a 25.8% surge in its shares. Other companies like Willdan Group, Gulf Island Fabrication, and Grifols also saw significant gains following positive financial reports or announcements. Notably, Carvana Co. received an upgrade from RBC Capital, contributing to a 12.2% increase in its stock price.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 3:08 pm

AMLX

Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) reported that its Phase 3 trial of AMX0035 for ALS did not meet its primary endpoint, leading to an 83.30% drop in its stock price. The company may consider withdrawing the drug from the market and has paused its promotion. Despite this setback, Amylyx continues other studies on AMX0035 for different neurodegenerative diseases.

Portfolio Pulse from Vandana Singh

March 08, 2024 | 3:08 pm

EMN

SHW

Sherwin-Williams (NYSE:SHW) announces a dividend payout of $0.71 per share with an annualized yield of 0.93%, payable on March 08, 2024, to shareholders of record as of February 26, 2024. The company has shown a positive trend in dividend per share from $1.79 in 2020 to $2.42 in 2023, alongside an increase in earnings per share from $7.91 to $10.42 over the same period. This indicates Sherwin-Williams's financial health and commitment to rewarding shareholders, positioning it well for future growth. Eastman Chemical (NYSE:EMN) is mentioned for comparison with the highest annualized dividend yield of 3.63% in the industry.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm

DOW

WLKP

Dow (NYSE:DOW) will distribute a dividend of $0.70 per share on March 08, 2024, with an annualized yield of 5.23%. The company has maintained a consistent dividend of $0.70 per share from 2020 to 2023, while also showing an upward trend in earnings from $1.61 to $2.27 per share over the same period. This suggests financial stability and the potential to sustain profit distributions. Westlake Chemical (NYSE:WLKP) has the highest annualized dividend yield among peers at 8.38%.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm

BK

FSK

Bank of New York Mellon (NYSE:BK) announces a dividend payout of $0.42 per share with an annualized yield of 3.19%. The company has shown a positive trend in dividend per share from $1.24 in 2020 to $1.58 in 2023, and an increase in earnings per share from $4.05 to $5.08 over the same period. This indicates a healthy financial status and a commitment to rewarding shareholders. FS KKR Capital (NYSE:FSK) is mentioned as having the highest annualized dividend yield among peers at 14.56%.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm

FIBK

WAFD

Washington Federal (NASDAQ:WAFD) announced a dividend payout of $0.26 per share with an annualized yield of 3.60%, for shareholders on record before February 22, 2024. The company has shown a consistent increase in dividends and earnings per share from 2020 to 2023, indicating strong financial health. Its dividend yield is competitive within its industry, with First Interstate BancSys (NASDAQ:FIBK) having the highest yield at 7.05%.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm

LPX

SUZ

Louisiana-Pacific (NYSE:LPX) announces a dividend payout of $0.26 per share with an annualized yield of 1.50%, payable on March 08, 2024, to shareholders of record as of February 23, 2024. The company has shown a consistent increase in dividends per share from $0.58 in 2020 to $0.96 in 2023, alongside an earnings growth from $2.38 to $3.12 per share over the same period. Compared to industry peers like Suzano (NYSE:SUZ), which has a higher dividend yield of 4.82%, Louisiana-Pacific's yield is lower, but its financial health and growth trajectory suggest a positive outlook for income-seeking investors.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:05 pm