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ALK

BA

EADSY

UAL

Boeing's 737 Max 9 (NYSE:BA) fleet is grounded again, affecting airlines United (NASDAQ:UAL) and Alaska (NYSE:ALK). This adds to Boeing's struggles since the market crash during Covid and the previous global grounding after two fatal crashes in 2019. Boeing's CEO emphasized the need for quality over quantity in an all-hands meeting. The FAA has rejected Boeing's inspection standards proposal, and the planes will remain grounded until new standards are set. Boeing's stock may dip further, but a successful resolution could make it a buy. Airbus (OTC:EADSY) stands to benefit if Boeing fails to resolve its issues as airplane demand grows.

Portfolio Pulse from Thrash Capital

January 11, 2024 | 3:13 pm

SAP

SAP SE (NYSE:SAP) has agreed to pay over $220 million to settle U.S. DOJ and SEC investigations for FCPA violations involving bribery in Indonesia and South Africa. The company entered a three-year deferred prosecution agreement and will release Q4 earnings on January 24, 2024. SAP shares are up by 0.55% at $156.70.

Portfolio Pulse from Lekha Gupta

January 11, 2024 | 3:13 pm

CHK

SWN

Chesapeake Energy (CHK) has announced a merger with Southwestern Energy (SWN), expected to be completed in Q2 of 2024. CHK will give SWN $7.40 billion in stock in exchange for SWN stock. Both companies are US-based and involved in the exploration and production of oil, natural gas, and natural gas liquids.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:10 pm

XOSWW

Trading on the stock XOSWW has been halted at 10:09:28 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

XOS

Trading on the stock of XOS, Inc. was halted at 10:09:28 a.m. ET due to pending news. The halt is in place to manage market orderliness and ensure a fair and orderly market in anticipation of significant news that could affect the stock price.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

SOLO

Trading for the stock of Electrameccanica Vehicles Corp. (SOLO) has been halted at 10:09:28 a.m. ET due to pending news. The halt is in place to ensure a fair and orderly market in light of undisclosed news that could affect the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:09 pm

CALM

TR

Tootsie Roll Industries (NYSE:TR) is set to distribute a dividend of $0.09 per share on January 11, 2024, with an annualized yield of 1.05%. Despite a steady dividend payout, the company's dividend per share has not increased since 2020, remaining at $0.36. However, earnings per share have grown from $0.84 to $1.25 from 2020 to 2023, indicating a focus on business growth and potential for future dividend increases. Cal-Maine Foods (NASDAQ:CALM) has the highest annualized dividend yield in the industry at 5.65%.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:05 pm

DALN

WLY

John Wiley & Sons (NYSE:WLY) is set to distribute a dividend of $0.35 per share with an annualized yield of 4.35%. The ex-dividend date was December 26, 2023. The company has shown a positive trend in dividend growth from $1.37 to $1.40 per share from 2020 to 2023, and earnings per share have increased from $2.76 to $3.30 over the same period. This indicates a strong financial position and the ability to sustain dividend distributions. DallasNews (NASDAQ:DALN) has the highest annualized dividend yield in the industry at 14.55%.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:05 pm

F

THO

Thor Industries (NYSE:THO) is distributing a dividend of $0.48 per share with an annualized yield of 1.74%. The dividend has grown from $1.62 to $1.86 per share from 2020 to 2023, and earnings per share have increased from $5.29 to $5.41 over the same period. This suggests a strong financial position and potential for sustained dividends. Ford Motor (NYSE:F) has the highest dividend yield in the industry at 5.07%.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:05 pm

FLIC

LCNB

First of Long Island (NASDAQ:FLIC) announced a dividend payout of $0.21 per share with an annualized yield of 6.36%. The ex-dividend date was December 29, 2023, and the dividend is payable on January 11, 2024. The company has seen dividend per share growth from $0.74 to $0.84 from 2020 to 2023, but a decrease in earnings per share from $1.66 to $1.34 in the same period. FLIC's dividend yield surpasses LCNB Corp's (NASDAQ:LCNB) yield of 5.79%.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:05 pm