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ADM

Archer-Daniels-Midland Co (NYSE:ADM) shares rose 4.46% after reporting Q4 FY23 results with revenues of $22.98 billion, missing estimates. Adjusted EPS was $1.36, below the consensus of $1.43. The company announced a $2 billion share repurchase and provided an update on an investigation into accounting practices, identifying a material weakness in internal control over financial reporting.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 4:57 pm

NRXP

NRx Pharmaceuticals is considering a reverse stock split to maintain its NASDAQ listing compliance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:30 pm

SNN

Smith & Nephew Plc (NYSE:SNN), a British MedTech firm, plans to overhaul its executive pay structure to align with U.S. standards, aiming to address high executive turnover and align compensation with its U.S. counterparts. This move is part of a broader trend among U.K. listed companies with significant overseas revenues, seeking to attract global talent and maintain competitiveness. The company has experienced four CEOs in the past five years due to executive compensation issues. SNN shares are up 0.37% at $28.04.

Portfolio Pulse from Vandana Singh

March 12, 2024 | 4:26 pm

UVE

Universal Insurance Holdings announced a $20 million share repurchase authorization, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:18 pm

COIN

MSTR

TSLA

The crypto market cap hits $2.5T with Bitcoin, Ethereum, Dogecoin surging as MicroStrategy buys more BTC. Tesla's German factory resumes after an arson attack. MILLI's value increases, outperforming Dogecoin and Shiba Inu. $47M stolen in crypto phishing in February. Bitcoin's volatility expected to decrease, while Ethereum's ETF approval odds drop. Ark Invest sells Coinbase shares despite Bitcoin's new highs. Tesla offers early Cybertruck delivery to long-term shareholders, and Volvo aims to cut EV charging times.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:04 pm

AMD

The analysis of Advanced Micro Devices (AMD) against its competitors in the Semiconductors & Semiconductor Equipment industry reveals AMD's premium valuation with a high PE ratio, potential undervaluation based on PB ratio, and challenges in profitability and growth. AMD's acquisition of Xilinx aims to diversify its business and enhance opportunities in key markets. The company's financial health is indicated by a lower debt-to-equity ratio compared to its top 4 peers, suggesting less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

PAR

PAR Technology (NYSE:PAR) has seen a positive shift in analyst sentiment over the last three months, with all four analysts rating it as bullish. The 12-month price target for PAR has increased to an average of $58.00, up 13.73% from the previous $51.00. The company's recent performance includes a revenue growth rate of 10.3% as of December 31, 2023, surpassing industry averages. However, it faces challenges with a net margin of -17.3%, ROE of -5.6%, ROA of -2.31%, and a high debt-to-equity ratio of 1.15.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

RERE

ATRenew Inc. (NYSE:RERE) shares rose after reporting a 300% increase in quarterly earnings per share and a 26.23% increase in sales year-over-year. The company also announced a $20 million share repurchase program and provided a positive revenue outlook for Q1 2024, expecting a 23.6% to 27.1% increase year-over-year. Despite a 54.52% decrease over the past year, the stock has gained 28.18% in the last month.

Portfolio Pulse from Erica Kollmann

March 12, 2024 | 3:57 pm

GLNCY

LICY

Li-Cycle Holdings Corp (NYSE:LICY) has announced a $75 million investment from Glencore plc (OTC:GLNCY) through a senior secured convertible note. This investment follows a previous one in June 2022 and aims to improve Li-Cycle's liquidity. The company is also reviewing its strategy for the Rochester Hub and has agreed to add two Glencore nominees to its Board. Li-Cycle's shares surged 29.46% to $0.5193 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 3:44 pm

DY

Dycom Industries (NYSE:DY) received mixed analyst ratings with an upward trend in 12-month price targets, indicating a 22.12% increase from the previous average to $155.5. Analysts from Wells Fargo, B. Riley Securities, and Keybanc have raised their price targets, reflecting optimism about the company's performance. Despite this, Dycom faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:00 pm