Streetbeat News

Equity Actions

VFC

VF Corporation (NYSE:VFC) received mixed analyst ratings with 2 bullish, 1 somewhat bullish, and 5 indifferent. The average 12-month price target was lowered by 15.31% to $18.75. Analysts from firms including JP Morgan, Evercore ISI Group, Goldman Sachs, Piper Sandler, Stifel, BMO Capital, Wedbush, and Telsey Advisory Group have adjusted their ratings and price targets, with some raising and others lowering their expectations. VF's financials show a market cap above industry average, a revenue decline of -1.5%, a net margin of -14.85%, an ROE of -18.3%, an ROA of -3.32%, and a high debt-to-equity ratio of 3.53.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 12:01 pm

JD

JD.com (NASDAQ:JD) has been analyzed by 6 analysts, showing a mix of bullish and neutral stances. The average 12-month price target is $43.0, up from $42.60, with a high of $67.00 and a low of $30.00. Analysts from Citigroup, Mizuho, Susquehanna, Benchmark, UBS, and Barclays have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. JD.com's financials show a solid revenue growth rate of 1.71% as of September 30, 2023, but it lags in net margin and ROE while excelling in ROA and debt management.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 12:00 pm

IPGP

IPG Photonics (NASDAQ:IPGP) received mixed analyst ratings with 4 bullish ratings in the past three months. The average 12-month price target is $123.75, down from the previous $132.50. Analysts from Seaport Global and Stifel have provided recent evaluations, with Stifel's Ruben Roy adjusting the price target from $145.00 to $120.00. IPG Photonics is a developer and manufacturer of high-performance fiber lasers and related products, with significant revenue from materials processing applications. The company's financials show a revenue decline of -13.64% over 3 months, but strong net margin (18.25%), ROE (2.3%), and ROA (2.05%), with a low debt-to-equity ratio (0.01).

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 12:00 pm

CLRB

Cellectar Biosciences announced that Tranche A warrants have been fully exercised, resulting in proceeds of $44.1 million for the company. This financial boost could support the company's research and development activities and potentially improve its financial stability.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:45 am

AIT

Applied Industrial Technologies' Board has approved a 6% increase in the quarterly cash dividend to $0.37 per share, payable on February 29, 2024, to shareholders of record as of February 15, 2024. This marks the 15th dividend increase since 2010.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:41 am

ARES

Ares Management Corporation has announced the creation of Automated Industrial Robotics Inc., a new company aimed at meeting the growing global demand for manufacturing automation solutions. This move signifies Ares Management's entry into the industrial automation space, potentially expanding its portfolio and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:40 am

BB

BlackBerry Limited has announced the pricing of an upsized private offering of $175 million in 3.00% Convertible Senior Notes due 2029. The notes are priced at a 32.50% conversion premium over the closing share price of $2.93 on January 24, 2024, on the New York Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:27 am

YIBO

Planet Image International Limited, an export-oriented manufacturer of compatible toner cartridges, has priced its IPO at $4 per share, offering 1.25 million Class A ordinary shares. The company expects to raise $5 million before expenses and will trade on the Nasdaq Capital Market under the ticker symbol 'YIBO' starting January 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:12 am

NOK

Nokia's Board has proposed a dividend of €0.13 per share for FY23 and announced a new share buyback program of €600 million to be executed over the next two years, leveraging the company's excess cash position.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:33 am

AAPL

AMZN

BA

CAT

DAL

FLR

GOOGL

LEN

META

MSFT

MU

NVDA

PHM

TOL

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' recommends investors to adapt their strategies to capitalize on market anomalies. He notes that the market has not behaved as expected in the past two years, citing the strong performance of homebuilders like Lennar Corp, Toll Brothers Inc, and PulteGroup Inc despite rate hikes, and Boeing Co's recovery amid aircraft shortages. He also mentions the 'Magnificent Seven' tech giants, including Apple, Amazon, Alphabet, Microsoft, Meta Platforms, NVIDIA, and Tesla, as driving market performance. Cramer advises buying stocks like Caterpillar Inc and Micron Technology, but suggests avoiding Delta Air Lines and Fluor Corp.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 5:16 am