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TXT

Textron Inc. has provided its FY24 outlook, projecting adjusted EPS from continuing operations to be between $6.20 and $6.40, surpassing the consensus estimate of $5.90. The company expects revenue to be around $14.6 billion, which is slightly below the estimated $14.68 billion. Textron's outlook includes higher revenues, increased segment profit, and operating margin expansion, attributing the growth to ongoing investments in new products and programs aimed at enhancing long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:41 am

ELV

Elevance Health has announced a 10.1% increase in its quarterly dividend, raising it to $1.63 per share.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:05 am

BZUN

Baozun Inc. has announced a $20 million share repurchase program, signaling confidence in the company's future and potentially supporting the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:03 am

JEF

TVAVF

Bill Ackman and Neri Oxman have acquired a 5% stake in the Tel Aviv Stock Exchange Ltd (TVAVF) for $17 million. This is Ackman's first major investment in Israel amid the conflict with Hamas. The Tel Aviv Stock Exchange confirmed the sale of an 18.5% stake to investors, with Ackman and Oxman being the only named buyers in the deal arranged by Jefferies Financial Group Inc. (JEF). Ackman has been addressing the rise in antisemitism and controversies involving Oxman's academic work. Despite these issues, Ackman's Pershing Square Capital Management reported a strong performance in 2023 with a 26.7% return.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 8:00 am

ETHUSD

Former President Donald Trump's wallet received a $7,100 stake in a meme cryptocurrency named TRUMP, which has surged to over $1.07 million, marking a 15,000% return. Trump has no affiliation with the TRUMP meme coin and has not endorsed it. The coin, with a motto 'Make Crypto Great Again', has a 1% transaction fee to support various causes. Trump also liquidated over 1,000 Ethereum, believed to be from NFT royalties.

Portfolio Pulse from Mehab Qureshi

January 24, 2024 | 6:41 am

LBRT

Liberty Energy Inc. (LBRT) has increased its share repurchase authorization to $750 million, up from the previous $500 million, and extended the program through July 31, 2026. The company has repurchased 21.9 million shares for approximately $328 million to date. Additionally, Liberty Energy declared a quarterly cash dividend of $0.07 per share, payable on March 20, 2024, to shareholders of record as of March 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:30 am

ASML

ASML has announced an interim dividend of €1.45 per share, payable on February 14, 2024. The company plans to declare a total dividend of €6.10 per share for 2023, a 5.2% increase from 2022. No shares were purchased in Q4 under the 2022-2025 share buyback program.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:18 am

JL

J-Long Group has priced its IPO at $5 per share, offering 1.4 million ordinary shares for total gross proceeds of $7 million. The company has also granted the underwriter an option to purchase up to an additional 210,000 shares. The shares are expected to trade on the Nasdaq Global Market under the symbol 'JL' starting January 24, 2024, with the offering expected to close on January 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:00 am

BABA

PDD

SFBQF

Jack Ma and Joe Tsai have become the largest shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). Ma increased his stake to over 4.3% by purchasing $50 million worth of shares, while Tsai bought 1.957 million shares through Blue Pool Management. Their combined stake now exceeds that of SoftBank, which has reduced its stake to less than 0.5%. Alibaba's stock price, which had dropped by 11% in Q4 2023, saw a resurgence of over 7% following the co-founders' investments, signaling their confidence in the company's future.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 4:58 am

ARKK

ARKQ

ARKW

HTZ

TSLA

UBER

Ark Invest CEO Cathie Wood supports Elon Musk's desire to increase his ownership of Tesla to 25% to lead AI and robotics initiatives. Wood praised Musk's vision and criticized the market's short-term focus. She also commented on Hertz scaling back its EV plans, noting the maintenance cost benefits of EVs over traditional cars. Wood mentioned Uber's encouragement for drivers to use Tesla vehicles. Tesla is a significant holding in several Ark ETFs, and Wedbush analyst Dan Ives views Musk's potential AI projects outside Tesla as a negative for the company.

Portfolio Pulse from Chris Katje

January 23, 2024 | 11:01 pm