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DHI

D.R. Horton, a major US homebuilder, has projected that its homebuilding operations will close between 86,000 and 89,000 homes in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:35 am

APD

Air Products has provided its FY24 adjusted EPS guidance of $12.80 to $13.10, which is above the consensus of $12.86. The company also expects 1Q24 adjusted EPS to be between $2.90 and $3.05, compared to the consensus of $2.99. Additionally, Air Products anticipates capital expenditures of $5.0 billion to $5.5 billion for FY24.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:11 am

BTCUSD

MSTR

MicroStrategy Inc's CEO, Michael Saylor, has shared insights into the company's decision to invest in Bitcoin as a means to drive growth and protect capital. Saylor acknowledged that competing with tech giants like Google, Microsoft, and Apple was not viable for MicroStrategy. The company has acquired 6,067 Bitcoins during the third quarter for an average price of $27,531, bringing its total holdings to 158,400 Bitcoins at an average cost of $29,586 per coin. Saylor also expressed optimism about the future of Bitcoin, mentioning the upcoming halving in 2024 and the potential impact of spot ETFs.

Portfolio Pulse from Mehab Qureshi

November 07, 2023 | 11:04 am

VAL

Valaris Ltd reported Q3 2023 revenues of $455.1 million, missing the consensus of $469.4 million. The lower results were due to lower-than-expected floater revenue efficiency and two contract commencement delays. However, the company got new contracts and extensions, with an associated contract backlog of around $465 million, increasing to $3.2 billion. Valaris repurchased $85 million of shares in Q3 and reiterated the 2023 share repurchase target at $200 million. The company's outlook is positive, expecting improved earnings in 2024 and 2025.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 10:44 am

ARKK

ROKU

Cathie Wood's Ark Innovation ETF (ARKK) sold 171,268 shares of its biggest holding, Roku (ROKU), on Monday, according to Bloomberg.

Portfolio Pulse from Charles Gross

November 07, 2023 | 10:20 am

RWT

Home equity investment platform Point and Redwood Trust, Inc. (NYSE:RWT) have completed the first rated securitization of Point's Home Equity Investment (HEI) assets, issuing approximately $139 million of rated asset-backed securities. This is the second HEI-backed securitization that Point and Redwood have completed together.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:05 am

INTC

VNM

Intel has decided to halt its planned expansion of chip operations in Vietnam, according to a Reuters report. The decision could potentially impact the company's production capabilities.

Portfolio Pulse from Charles Gross

November 07, 2023 | 9:53 am

CNHI

CNH Industrial N.V. (NYSE:CNHI) has announced its decision to delist from Euronext Milan and concentrate its listing on NYSE. The decision was made after a review of trading volumes on both exchanges, which showed that the majority of CNH's stock trading has shifted to NYSE. The company also announced a share buyback program of up to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:56 am

BATRA

Atlanta Braves has announced the pricing of its secondary public offering of 1,811,066 Series C common stock.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:28 am

ALPN

Alpine Immune Sciences, Inc. (NASDAQ:ALPN) has priced its underwritten public offering of 8.8 million shares of its common stock at $12.50 per share. In addition, the company is offering pre-funded warrants to purchase up to 3.2 million shares of its common stock at a price of $12.499 per pre-funded warrant.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:15 am