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Equity Actions

JNJ

Johnson & Johnson has updated its financials and FY23 guidance following the separation from Kenvue. The company now expects 2023 reported sales growth of 7%-8%, up from the previous range of 6.5%-7.5%. Operational growth is projected at 7.5%-8.5%, and adjusted operational growth at 6.2%-7.2%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:37 am

CHH

Choice Hotels has promoted Scott Oaksmith from Senior Vice President and Deputy CFO to Chief Financial Officer. Dominic Dragisich, who joined the company as CFO in 2017, will be promoted to Executive Vice President, Operations and Chief Global Brand Officer.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:33 am

AAPL

AXP

BAC

BRK

CVX

Warren Buffett, the CEO of Berkshire Hathaway, Inc. (NYSE:BRK), turned 93. Berkshire's top five equity investments at the end of Q2 2022 were Apple, Inc. (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), American Express Co. (NYSE:AXP), Coca-Cola Co. (NYSE:KO), and Chevron Corp. (NYSE:CVX). A hypothetical equal-weighted investment of $1,000 in these companies at the end of 2022 would have returned 4.5% over six months, compared to the S&P 500's 17.14% return.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 9:23 am

ICCT

iCoreConnect's securities trading was halted on Nasdaq due to an issue with the conversion of certain shares using the post-business combination exchange ratio.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 7:14 am

NIO

Chinese EV maker Nio Inc (NYSE:NIO) is set to launch its own mobile phone in late September. The phone is primarily aimed at new users of products built on Nio Technology Platform 2. The phone is not intended to compete with other phone makers, but to enhance the experience for Nio's vehicle users. The phone, which has obtained an internet access license from China's Ministry of Industry and Information Technology, will have Android functionality, 5G capabilities, dual-SIM card usage, and Ultra-Wide Band (UWB) technology for car key functionality.

Portfolio Pulse from Anan Ashraf

August 30, 2023 | 6:57 am

PCH

PotlatchDeltic has appointed Wayne Wasechek as its Vice President and CFO, effective immediately. Wasechek has been serving as the Interim Vice President, CFO, and Chief Accounting Officer since April 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 9:26 pm

BLK

BTCUSD

GBTC

Grayscale Bitcoin Trust's recent legal victory over the SEC could potentially pave the way for the first Bitcoin ETF in the U.S. This has sparked a range of reactions from industry experts, with some viewing it as a significant step towards broader institutional adoption of cryptocurrencies, while others emphasize the need for an actual spot Bitcoin ETF approval. Major institutional players such as Blackrock Inc have shown early anticipation of crypto's potential, and the approval of a Bitcoin ETF could lead to a surge in institutional interest.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 9:03 pm

NDAQ

Nasdaq has announced the appointment of Sarah Youngwood as its Executive Vice President and CFO, effective from December 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:59 pm

DWAC

LMT

RTX

Conservative political group, Project 2025, is pushing an agenda to reshape the federal government, potentially leading to the firing of up to 50,000 employees. The group, supported by various conservative organizations, is looking towards a potential second term for former President Donald Trump. Project 2025's mandate includes plans to incentivize private defense contractors to partner with the government, potentially benefiting companies like Lockheed Martin Corp and RTX Corp. Digital World Acquisition Corp, linked with Trump’s social media platform, has seen its stock drop by over 10% in the last month.

Portfolio Pulse from Aaron Bry

August 29, 2023 | 8:53 pm

EPSN

Epsilon Energy Ltd. (EPSN) has declared a dividend of $0.0625 per share, payable on September 29th, 2023. The company also announced near-term drilling plans in Pennsylvania and Texas, which are expected to add meaningful production volumes and cash flow in 2024. However, Q3 volumes and revenues are expected to be down approximately 5% from original estimates due to the shut-in of approximately 3 MMcf per day of net production for an estimated 45 days.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:48 pm