Streetbeat News

Equity Actions

FCFS

FirstCash's Board of Directors has approved a $200 million share repurchase authorization. This move is expected to return value to shareholders and potentially boost the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:11 am

TPH

Tri Pointe Homes (TPH) has updated its Q3 delivery expectations to 1,000-1,100 homes at an average price of $690,000-$700,000. For FY23, the company now expects to deliver 5,000-5,300 homes, an increase from the previously expected 4,500-5,000 homes.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:10 am

TIGO

Millicom International Cellular has communicated its financial targets for the period 2022-2024, expecting a cumulative equity free cash flow of at least $500 million. The company anticipates 2024 to be the strongest year due to savings from Project Everest and lower expected spectrum investment and one-time items compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:06 am

TTE

TotalEnergies SE (NYSE:TTE) reported Q2 2023 revenues of $56.3 billion, down 25% Y/Y, beating the consensus of $53.1 billion. Hydrocarbon production fell 10% Y/Y, with declines in Exploration & Production and Integrated LNG businesses. Adjusted net operating income fell 47% Y/Y to $5.6 billion. The company declared Q2 interim dividend per share of €0.74, up 7.25% Y/Y and authorized a share repurchase of $2 billion in Q3 2023. For Q3 2023, the company anticipates hydrocarbon production of around 2.5 Mboe/d.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 9:42 am

EB

Keybanc analyst Justin Patterson has upgraded Eventbrite (NYSE:EB) from Sector Weight to Overweight and announced a $14 price target.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 8:37 am

SHEL

Shell has announced a $3 billion share buyback program to be completed by Q3 2023. This follows strong operational performance and cash flows in Q2, despite a lower commodity price environment. The company also plans to increase dividends by 15% and continue prioritizing share buybacks.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:34 am

MT

ArcelorMittal has revised its FY23 global Ex-China apparent steel consumption growth forecast to +1%-2% from the previous +2%-3%. In the US, due to the impact of interest rate rises, steel consumption in 2023 is expected to decline by -2.0% to 0.0%, down from the previous guidance of +1.5% to +3.5%. In Europe, Brazil, CIS region, and India, the company also adjusted its steel consumption estimates.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:04 am

CTRA

Coterra Energy has recommended its stockholders to reject a mini-tender offer by TRC Capital Investment to purchase approximately 0.5% of Coterra's outstanding shares at $25.50 per share.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:54 am

ADI

Analog Devices Inc. (ADI) is investing over $1 billion to expand its semiconductor wafer fabrication facility in Beaverton, Oregon. This move is expected to increase the company's production capacity.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 5:19 am

BTCUSD

Robert Kennedy Jr., a candidate for the U.S. presidency, has publicly declared his support for Bitcoin and revealed that he purchased 14 BTC in May of this year. His Bitcoin treasury would currently be worth around $400,000. Kennedy touted Bitcoin as the currency of freedom and acknowledged that he became a crypto investor after facing criticism for promoting Bitcoin without actually owning any. He was the first presidential candidate to accept Bitcoin donations through the Lightning Network.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 3:31 am