Streetbeat News

Equity Actions

SCWO

374water has announced the immediate appointment of Chris Gannon as its new President and CEO. This strategic leadership change aims to drive the company's growth and innovation in its operations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:28 pm

ARKK

BA

META

NVDA

TSLA

V

Spot Bitcoin ETFs experienced a $35M net inflow on their first trading day post-halving, with Ark Invest predicting a significant rally for Bitcoin. Trump criticized Biden for allegedly favoring Meta, while US markets saw mixed results and political tensions continue. Nvidia's chips reached China despite a US ban, and Microsoft challenges OpenAI with a new AI model. Tesla faces scrutiny over its growth strategy and advertising, while Boeing deals with production and safety challenges. Visa and UBS Group are making strategic financial moves, and California celebrates a renewable energy milestone.

Portfolio Pulse from Akanksha Bakshi

April 23, 2024 | 12:15 pm

NICE

13 analysts have recently shared their evaluations of NICE (NASDAQ:NICE), showing a mix of bullish and somewhat bullish perspectives with no bearish views. The average 12-month price target is $308.85, marking an 18.94% increase from the previous target of $259.67. Analysts from firms like Rosenblatt, DA Davidson, JMP Securities, Citigroup, RBC Capital, Mizuho, Barclays, Wedbush, Oppenheimer, and Northland Capital Markets have updated their ratings and price targets, reflecting optimism about NICE's future performance. Despite this, NICE faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 12:02 pm

JAGX

Jaguar Health's stock is trading lower following the company's announcement of a mixed shelf offering of up to $75 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:42 am

VSH

Vishay Intertechnology is reviewing a proposal from shareholder Mountaineer Partners Management to adopt a $600 million accelerated share repurchase program. The suggestion was made public through a press release by Mountaineer on April 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:31 am

FISV

Fiserv has updated its 2024 financial outlook, reiterating its organic revenue growth target of 15%-17% and raising its adjusted EPS forecast to $8.60 - $8.75 from the previous $8.55-$8.70, versus an estimate of $8.63. The company's adjusted EPS outlook for 2024 reflects a 14%-16% growth over the 2023 adjusted EPS of $7.52, after accounting for various adjustments including merger and integration costs, severance costs, and amortization of acquisition-related intangible assets. The adjustments aim to provide a clearer picture of the company's operational performance by excluding non-cash or other items that are not indicative of ongoing operations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:08 am

PM

Philip Morris International (PM) has updated its FY24 adjusted EPS outlook to $6.19-$6.31, below the $6.37 estimate. For Q2, the adjusted EPS outlook is set at $1.50-$1.55, also below the $1.63 estimate. The company reported a range of adjustments including asset impairment, exit costs, and charges related to the war in Ukraine, among others. The adjusted diluted EPS for 2023 is $6.01, with adjustments totaling $0.49. Excluding currency impacts, the adjusted EPS for 2024 is forecasted to be $6.55-$6.67, indicating a growth of 9.0%-11.0%.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:04 am

R

Ryder has adjusted its full-year 2024 revenue growth forecast from approximately 13% to about 10% and revised its adjusted EPS outlook from $11.50-$12.50 to $11.75-$12.50, with an estimate of $11.70. The CFO, John Diez, mentioned that this adjustment reflects the quarter's outperformance and a more modest rental upturn than expected. Additionally, Ryder is increasing its free cash flow forecast and reducing its rental capital spending forecast by $100 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

CANG

Cango Inc. announced a share repurchase program of up to $50 million, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:08 am

CANG

Cango Inc. has announced a new share repurchase program, under which the company is authorized to repurchase up to $50 million of its shares. This move is aimed at enhancing shareholder value and reflects the company's confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:07 am