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FOXO

RNVA

FOXO Technologies has entered into share exchange agreements with Rennova Health, acquiring equity in Myrtle Recovery Centers for $500K in common stock and Rennova Community Health for $20M in convertible preferred stock. These transactions are subject to shareholder approval. The combined entities generated $18.7M in revenue and $5.2M in net income in 2023.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:33 pm

SVMH

SRIVARU Holding announced that it will begin accepting paid reservations for its PRANA 2.0 electric motorcycle on June 16. This marks a significant step towards revenue generation and market adoption for the company.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:32 pm

PSX

Phillips 66 (PSX) is selling a 25% stake in the Rockies Express Pipeline to Tallgrass Energy for $1.275 billion. This transaction will generate $685 million in pre-tax cash proceeds and supports Phillips 66's $3 billion asset divestiture commitment and strategic priorities, including shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:30 pm

MDLZ

Mondelez International Inc. (NASDAQ:MDLZ) is aiming to keep chocolate prices affordable despite rising cocoa costs. CFO Luca Zaramella expressed optimism about declining cocoa prices next year, which could ease production costs. The company is monitoring cocoa market trends to time purchases effectively.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 12:23 pm

PGR

Progressive Corporation (NYSE:PGR) reported its May 2024 results, with an EPS of $0.40 and net income of $235.7 million. The company also reported net premiums written of $5,975.1 million and net premiums earned of $5,857.5 million. The combined ratio for the current year is 100.4, compared to 99.0 for the prior year month.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:18 pm

DSX

Diana Shipping has entered into a time charter contract with Cobelfret for its Kamsarmax vessel m/v Myrsini. The contract stipulates a gross charter rate of $17,100 per day, minus a 5% commission, and covers a period from June 25, 2024, to February 1, 2025, with a maximum extension to March 25, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:13 pm

AMZN

CMCSA

DIS

NFLX

PARA

Netflix is seeking a production partner for NFL games it plans to air on Christmas Day, as well as in 2025 and 2026. The company is in discussions with major broadcasters like Disney, Comcast, and Paramount Global. This marks Netflix's first significant venture into live sports, aiming to expand its advertising tier.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 12:07 pm

VFS

VinFast Auto expects a significant increase in U.S. sales this year, projecting a 30x to 40x rise over the $6.4 million in 2023. The company anticipates sustained growth for the next five years and is approaching its break-even point. However, this outlook is subject to change based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:01 pm

MSTR

In the last three months, 10 analysts have published ratings on MicroStrategy (NASDAQ:MSTR), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 49.35% to $2010.2. Despite positive analyst ratings, MicroStrategy faces financial challenges, including a decline in revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 12:00 pm

AZPN

In the last three months, 5 analysts have shared their evaluations of Aspen Technology (NASDAQ:AZPN), with a mix of bullish and somewhat bullish outlooks. The average 12-month price target has increased by 5.64% to $221.0. Key analysts have adjusted their ratings and price targets, reflecting their evolving perceptions of the company. Aspen Technology has shown impressive revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 12:00 pm