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Equity Actions

E

ENI has announced an increase in shareholder remuneration, raising the target payout in dividends and buybacks to 30%-35% of CFFO, up from the previous 25%-30%.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:13 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed trading signals, with Ethereum completing the 'Dencun' upgrade. Dogecoin's value may rise as Tesla considers accepting it for payments. Hacken's market cap reaches $57M after unveiling a tokenized share offering. Bitcoin critic Peter Schiff expresses regret over not investing in Bitcoin earlier. Crypto miners see record profits amid a Bitcoin rally. US markets see mixed movements with Hello Group and others moving lower. Political and global events include potential lawsuits, defense decisions, and tech partnerships. Electric vehicle market updates include Tesla's plans and competition from Polestar. Consumer, communication, healthcare, general news, space, and energy sectors also see significant updates.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 1:13 pm

GBTC

IBIT

Bitcoin ETFs saw a net inflow of $683 million on March 13, with BlackRock's IBIT leading with $586 million in inflows, contrasting with Grayscale Bitcoin Trust's $276 million outflow. The interest in Bitcoin ETFs, especially IBIT, indicates growing investor confidence in cryptocurrency assets managed by established firms. The upcoming listing of Bitcoin ETFs on major asset management platforms and the introduction of options trading are expected to further integrate cryptocurrencies into mainstream financial markets.

Portfolio Pulse from Murtuza Merchant

March 14, 2024 | 1:04 pm

SCHW

The Charles Schwab Corporation (SCHW) reported significant growth in its February 2024 Monthly Activity Report, with core net new assets totaling $33.4 billion and total client assets reaching $8.88 trillion, marking a 20% increase from the previous year. The company anticipates a 5% to 6% sequential revenue growth and a nearly four percentage points expansion in adjusted pre-tax profit margin for Q1 2024, driven by rising equity markets, stronger client trading activity, and the impact of late 2023 cost savings.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:01 pm

IBM

9 analysts have recently shared mixed evaluations of IBM, with an updated average 12-month price target of $190.22, reflecting an 11.8% increase from the previous target. The ratings range from bullish to bearish, with several analysts raising their price targets and ratings based on IBM's market dynamics and performance. IBM's financial performance shows positive revenue growth, high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:00 pm

HEAR

Turtle Beach Corporation (NASDAQ:HEAR) shares surged premarket after announcing the acquisition of Performance Designed Products (PDP) for $118 million and plans for a reverse Dutch tender auction. The acquisition, involving 3.45 million shares and $79.9 million in cash, is expected to boost combined revenues to $390-$410 million in the first 12 months post-acquisition. Turtle Beach also reported Q4 FY23 results with net revenue of $99.5 million, a slight decline from the previous year, and an adjusted EBITDA of $14.0 million. The company anticipates net revenues of $370-$380 million for 2024, driven by the PDP acquisition. Additionally, Turtle Beach plans to launch a Dutch Auction to purchase up to $30 million of its common shares, with the offer price ranging between $13.75 and $15.00 per share.

Portfolio Pulse from Lekha Gupta

March 14, 2024 | 12:43 pm

AUUD

HEAR

PGY

Auddia announced a beta program for subscription podcasting with a pay-per-play model on the Faidr app, boosting AUUD shares by 42%. Turtle Beach's acquisition of PDP and Q4 financial results led to a 31% increase in HEAR shares. Pagaya Technologies' announcement of a public offering at $12.70 per share resulted in a 15% decrease in PGY shares.

Portfolio Pulse from ryanfaloona@benzinga.com

March 14, 2024 | 12:42 pm

HYMC

Hycroft Mining Holding (HYMC) reported a successful 2023 with no lost time accidents, ending the year with $106 million in unrestricted cash. The company also complied with debt covenants and voluntarily pre-paid $38 million of its senior secured debt. Additionally, HYMC maintained Nasdaq compliance through a 1-for-10 reverse stock split and raised $1.1 million through an equity offering.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:05 pm

UNCY

Unicycive Therapeutics shares are trading higher following the announcement of a $50 million private placement.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:01 pm

TEX

Analysts have mixed views on Terex (NYSE:TEX), with recent ratings ranging from bullish to bearish. The average 12-month price target is $62.86, up from $61.00, with actions including raises and lowers by notable firms. Terex's financials show positive revenue growth, high net margin, and strong ROE and ROA, with a lower-than-average debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 12:01 pm