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Equity Actions

ABNB

Airbnb announced a new share repurchase program, authorizing the purchase of up to $6B of its Class A common stock. This move indicates the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:52 pm

HKD

AMTD Digital has announced a new $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:34 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following Q4 financial results, despite beating revenue estimates with $2.22 billion and reporting adjusted earnings of $0.76 per share. The company also announced a $6 billion share repurchase program. Analyst reactions were mixed, with DA Davidson downgrading the stock to Neutral and setting a price target of $145, while Needham maintained a Buy rating and raised the price target to $160.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 2:31 pm

GNRC

Generac Holdings Inc. (NYSE:GNRC) shares fell in premarket trading after reporting Q4 earnings and revenue that missed analyst expectations. The company posted adjusted earnings of $2.07 per share versus the consensus of $2.08, and revenue of $1.064 billion against expectations of $1.094 billion. Despite a year-over-year net sales increase of 1% and improvements in gross profit margin, the company's full-year 2024 net sales growth guidance of 3% to 7% also fell short of the consensus. Generac announced a new stock repurchase program of up to $500 million over the next 24 months.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:26 pm

AMTD

AMTD IDEA Group has announced a $20M share repurchase program, signaling confidence in the company's future prospects and potentially increasing shareholder value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:17 pm

UMAC

Unusual Machines, Inc., a leader in FPV drone technology, announced its IPO pricing at $4 per share for 1.25M shares, aiming to raise $5M. The shares will trade on the NYSE American under the symbol 'UMAC' starting February 14, 2024. The proceeds will fund the Fat Shark and Rotor Riot acquisitions, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:02 pm

WM

Analyst ratings for Waste Management (NYSE:WM) show a mix of bullish to bearish sentiments, with recent actions including rating raises and updated price targets. The average 12-month price target is $198.83, indicating a positive outlook. Waste Management, a leading provider of waste services in the US, has shown solid financial performance with a notable market cap, revenue growth, and profitability metrics. However, its debt-to-equity ratio suggests higher financial risk.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:00 pm

SPY

VIXM

XLE

XLU

Following a surprise inflation reading, U.S. equity markets plunged, with the CBOE VIX Volatility Index spiking to a 3-month high. The ProShares Vix Mid-Term Futures ETF (VIXM) and SPDR S&P 500 ETF (SPY) saw significant movements. Analysts suggest a market correction is due, with a shift from growth stocks to value stocks like utilities and energy. The Utilities Select Sector SPDR Fund (XLU) and the Energy Select Sector SPDR Fund (XLE) could benefit, as could aerospace and defense sectors.

Portfolio Pulse from Neil Dennis

February 14, 2024 | 1:58 pm

COGT

Cogent Biosciences announced an oversubscribed $225 million private placement, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:52 pm

VST

Vistra Corp. (NYSE:VST) announced the results of its cash tender offer to purchase outstanding TRA Rights, with 96% of the TRA Rights repurchased as of the early tender date, Feb. 13, 2024. The early settlement date is expected on Feb. 16, 2024. The tender offer is part of a strategy to repurchase TRA Rights issued under a Tax Receivable Agreement from 2016, amended in 2023. Full details are available in the Offer to Purchase and Letter of Transmittal documents.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:49 pm