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ADM

Archer-Daniels-Midland Company (NYSE:ADM) has acquired Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients, for an undisclosed amount. Revela, with projected 2023 sales of $240 million, operates three production facilities in the U.S. Midwest and employs around 400 people. The acquisition, expected to close in early 2024, will enhance ADM's global flavor portfolio and expand its presence in the North America savory flavors segment. ADM had $1.498 billion in cash and equivalents at the end of Q3, and its shares closed 4.50% lower at $72.34 on Monday.

Portfolio Pulse from Lekha Gupta

December 19, 2023 | 10:31 am

ATEC

Needham analyst David Saxon has maintained a Buy rating on Alphatec Holdings (NASDAQ:ATEC) and increased the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:24 am

AMGN

BMO Capital analyst Evan David Seigerman has upgraded Amgen (NASDAQ:AMGN) from Market Perform to Outperform and increased the price target from $286 to $326.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:13 am

ACN

CONN

FDS

FDX

HEI

U.S. stock futures are slightly lower on Tuesday morning. Investors are watching Accenture (ACN), which is expected to report earnings of $3.14 per share on revenue of $16.20 billion. HEICO Corporation (HEI) reported better-than-expected sales for Q4, with shares rising 2.8% after-hours. FactSet Research Systems (FDS) is anticipated to report earnings of $4.11 per share on revenue of $540.36 million. Conn's (CONN) reported a Q3 loss of $2.03 per share with a 12.8% revenue decline, yet shares rose 3.9% after-hours. FedEx (FDX) is expected to post earnings of $4.20 per share on revenue of $22.41 billion, with shares slightly up by 0.1% after-hours.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 9:34 am

BONK

SOL

WIF

Dogwifhat (CRYPTO: WIF), a new Solana-based meme coin, has surged 2000% in value in less than a month, outperforming BONK (CRYPTO: BONK), another Solana-based meme coin. The rise in Dogwifhat's value has also positively affected a collection of 550 Dogwifhat Solana NFTs, with the cheapest item now selling for 13.2 SOL or $955. Solana (CRYPTO: SOL) itself has seen a significant rise in value, but not as much as BONK or WIF.

Portfolio Pulse from Mehab Qureshi

December 19, 2023 | 9:27 am

VTNR

Stifel analyst Michael Hoffman has downgraded Vertex Energy (NASDAQ:VTNR) from Buy to Hold and reduced the price target from $6 to $4. This reflects a more cautious stance on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:23 am

SITE

Stifel analyst W. Andrew Carter has downgraded SiteOne Landscape Supply (NYSE:SITE) from Buy to Hold and set a price target of $167.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:20 am

TSLA

Tesla, Inc. (TSLA) faces challenges in Germany as the government ends an environmental bonus, impacting electric vehicle subsidies. Tesla's Giga Berlin plant is reported to shut down from Dec. 22 to Jan. 2, 2024, potentially affecting the company's annual production target. In response to the subsidy cut, Tesla offers compensation for new Model 3/Y orders. Analyst Gordon Johnson questions Tesla's demand without government subsidies, implying overcapacity. Tesla's stock dropped slightly following the news.

Portfolio Pulse from Shanthi Rexaline

December 19, 2023 | 9:13 am

ACN

FDS

FDX

ZIMV

The CNN Money Fear and Greed index entered the 'Extreme Greed' zone on Monday, indicating a shift in market sentiment. The S&P 500 continued its upward trend, closing higher for the seventh consecutive week. United States Steel Corporation (NYSE:X) saw a significant stock price increase of 26% following the announcement of its acquisition by Nippon Steel at $55 per share. ZimVie Inc. (NASDAQ:ZIMV) also experienced a surge in its share price, jumping over 52% after revealing a deal to sell its spine business for $375 million to H.I.G. Capital. The Dow Jones and Nasdaq Composite also closed higher. Investors are looking forward to earnings reports from FedEx Corporation (NYSE:FDX), FactSet Research Systems Inc. (NYSE:FDS), and Accenture plc (NYSE:ACN).

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 8:34 am

AAPL

Apple Inc. has reduced the price of its 13-inch MacBook Air with the M2 chip to $899, a $200 discount, at B&H Photo Video. This offer includes all four color options and is available for the 8GB RAM and 256GB storage model. The M2 MacBook Air, known for its portability and all-day battery life, features a 13.6-inch Liquid Retina display, Thunderbolt 3 ports, Bluetooth 5.0, and Wi-Fi 6.

Portfolio Pulse from Rounak Jain

December 19, 2023 | 8:32 am