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Micron Technology (NASDAQ:MU) is expected to report an EPS of $-0.91 in its upcoming quarterly earnings on December 20, 2023. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Micron's stock price has shown mixed reactions to earnings reports, with both increases and decreases in share price following announcements. Shares are currently trading at $81.56, up 59.7% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:00 pm

GPN

Over the past 10 years, Global Payments (NYSE:GPN) has produced an average annual return of 14.88%, outperforming the market by 4.92% on an annualized basis. A $1000 investment in GPN stock a decade ago would be worth $4,005.66 today. Global Payments currently has a market capitalization of $33.17 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 2:00 pm

BAYRY

BLK

CTVA

FMC

XVV

ESG investing is gaining prominence as climate-related damages surge in the US. The iShares ESG Screened S&P 500 ETF (XVV) has outperformed the S&P 500 with a 28% YTD increase. BlackRock (BLK) sees ESG as a market opportunity, particularly in climate resilience. Bayer AG (BAYRY, BAYZF), FMC Corporation (FMC), and Corteva Inc (CTVA) are highlighted as Agri-Tech companies providing solutions for sustainable agriculture and climate resilience.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 1:59 pm

FXI

SPY

The U.S. government has added 13 Chinese companies to its 'Unverified List' according to a Reuters report citing an official notice. This action could potentially affect trade and business operations between these companies and their U.S. counterparts.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:57 pm

SWK

Wells Fargo analyst Joe O'Dea has maintained an Equal-Weight rating on Stanley Black & Decker (NYSE:SWK) and increased the price target from $90 to $105.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:56 pm

CCL

CRUZ

NCLH

RCL

Cruise line operators Carnival (CCL) and Royal Caribbean (RCL) have seen their shares more than double in 2023, with Carnival's stock up 128% and Royal Caribbean's up 145%. Norwegian Cruise Lines (NCLH) also gained 66%. The recovery is attributed to rising passenger numbers, lower oil prices, and the prospect of lower interest rates. Carnival's third-quarter revenues were the highest ever, driven by strong demand. The Defiance Hotel, Airline, and Cruise ETF (CRUZ), which includes cruise line operators, is up 33% year to date. However, Carnival noted rising input costs in its September quarterly results presentation, although oil prices have since fallen below $80 a barrel.

Portfolio Pulse from Neil Dennis

December 19, 2023 | 1:53 pm

LII

Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on Lennox Intl (NYSE:LII) and increased the price target from $410 to $491.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:52 pm

CLSK

COIN

RIOT

Crypto-linked stocks Coinbase Global Inc (COIN), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading higher due to an increase in Bitcoin's price, optimism about a potential spot ETF, and expectations of Federal Reserve rate cuts in 2024. Bitcoin crossed $40,000 and is currently moving upwards. Coinbase shares rose nearly 2%, Riot's by over 4.25%, and CleanSpark's by about 3.3%.

Portfolio Pulse from Adam Eckert

December 19, 2023 | 1:51 pm

Wells Fargo analyst Joe O'Dea has maintained an Overweight rating on Ingersoll Rand (NYSE:IR) and increased the price target from $73 to $83, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:50 pm

LVO

LiveOne, which may be referred to as LVO in the article, has expanded its stock repurchase program to $10 million. This move indicates the company's confidence in its stock value and a commitment to enhancing shareholder value. The expansion of the buyback program could be seen as a positive signal to investors, suggesting that the company believes its shares are undervalued.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:48 pm