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TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has announced an increase in its quarterly cash dividend to $0.51 per share, marking the 13th consecutive quarter of dividend growth. The dividend, set for the quarter ending March 31, 2024, is payable on April 15, 2024, to shareholders of record as of March 28, 2024. This move aligns with the company's strategy to distribute 90% to 100% of its taxable quarterly income to qualify for tax treatment as a regulated investment company.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:09 pm

ULTA

Ulta Beauty's Board of Directors approved a new $2B share repurchase authorization on March 12, 2024, replacing the prior program from March 2022. In fiscal 2023, Ulta repurchased 2.2 million shares for $1.0 billion, with $99.9 million remaining from the previous authorization. Since 2014, Ulta has returned $5.8 billion to shareholders through repurchases, alongside strategic growth investments. The new program allows for repurchases through various methods without an expiration date.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:08 pm

ADBE

Adobe has announced a new $25 billion share repurchase program, signaling confidence in its future financial performance and a commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:07 pm

ULTA

Ulta Beauty projects FY24 EPS of $26.20-$27.00, surpassing the $25.49 estimate, with revenue expectations of $11.7B-$11.8B, exceeding the $11.14B forecast. The company plans 60-65 new stores, 40-45 remodels/relocations, and anticipates a 14.0%-14.3% operating margin. Share repurchases are expected to be around $1 billion.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:07 pm

ELF

Investors have shown a bearish stance on e.l.f. Beauty (NYSE:ELF), with options trading indicating a split sentiment of 30% bullish and 69% bearish. Uncommon options trades were spotted, with a notable volume in calls over puts. The targeted price range for ELF over the last 3 months is between $100.0 to $270.0. Currently, ELF's stock price is up by 0.77% at $208.0, with analysts giving an average target price of $223.0. The RSI suggests ELF may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 8:01 pm

AMD

CRWD

NOW

PLTR

TEAM

UBER

Josh Brown from Ritholtz Wealth Management has identified a new set of stocks dubbed the 'Mag 7 Bench', which could potentially become the next 'Magnificent Seven' in the stock market. Using criteria such as market cap below $350 billion, 14-day relative strength of 45 to 65, forward P/E ratios of 85 or less, and five-year annualized growth rates of 25% or greater, the list includes Advanced Micro Devices (AMD), Uber Technologies (UBER), ServiceNow (NOW), Fiserv (FI), CrowdStrike Holdings (CRWD), Palantir Technologies (PLTR), and Atlassian Corp (TEAM). Brown suggests these companies have the potential to reach a trillion-dollar market cap in the future.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 7:23 pm

AAPL

AMZN

MUSQ

SONY

The 96th Academy Awards highlighted the integral role of music in cinema, with 'Oppenheimer' and 'Barbie' being notable winners. Universal Music Group and Sony Music Entertainment artists were among the winners and nominees, showcasing their influence in the industry. Apple's 'Killers of the Flower Moon' also received nominations. The MUSQ Global Music Industry ETF offers investment exposure to the music sector, including companies like Amazon, Apple, Sony, and Universal.

Portfolio Pulse from Melanie Schaffer

March 14, 2024 | 7:07 pm

ACNB

ACNB Corp has filed for a mixed shelf offering of up to $100 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:01 pm

INTC

SPY

President Biden and Commerce Secretary Gina Raimondo are set to announce a grant under the Chips Act for Intel in Arizona on March 20, according to Reuters sources.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:17 pm

AAPL

A Reddit user, ConstantOne5578, analyzed Warren Buffett's decision not to sell Apple Inc (AAPL) shares despite market fluctuations and strategic shifts. The analysis highlights Buffett's long-term investment strategy and the significant tax implications of selling AAPL shares, which constitute over 80% of Berkshire's investment. Concerns about Apple's strategy, including its move towards ads and regulatory pressures, were also discussed. Other Reddit users contributed to the discussion, emphasizing Buffett's investment rationale and the importance of dividends, share buybacks, and stock appreciation.

Portfolio Pulse from Surbhi Jain

March 14, 2024 | 6:11 pm