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ROCL

Roth CH Acquisition V (ROCL) has entered into an agreement to combine with New Era Helium (NEH) at a pre-money valuation of $90 million. This transaction is anticipated to lead to NEH becoming a publicly traded company.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:53 am

QCOM

OnePlus has launched the Ace 3 smartphone in China, featuring a Qualcomm Snapdragon 8 Gen 2 chipset, OLED display, up to 16GB RAM, 1TB storage, and a 5,500mAh battery. The Ace 3, similar to the OnePlus 12 but without wireless charging, promises over 80% battery capacity after four years. It will be sold globally as the OnePlus 12R, competing with Samsung's Galaxy S24. The OnePlus 12R is expected to launch on Jan. 23, while Samsung's Galaxy S24 will launch on Jan. 17.

Portfolio Pulse from Rounak Jain

January 04, 2024 | 11:52 am

MUSA

Jefferies analyst Corey Tarlowe upgraded Murphy USA (NYSE:MUSA) from Hold to Buy and increased the price target from $375 to $425.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:51 am

RPM

RPM International anticipates flat year-over-year sales growth for Q3, but expects adjusted EBIT to rise by 25% to 35% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:49 am

LNN

Lindsay Corporation (NYSE: LNN) reported Q1 earnings of $1.36 per share, surpassing the consensus estimate of $1.27. However, the company experienced a 17.58% decrease in earnings compared to last year's $1.65 per share. Quarterly sales were $161.40M, falling short of the $163.43M estimate, and marking an 8.38% decrease from the previous year's $176.16M.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:49 am

CMA

Goldman Sachs analyst Ryan Nash has upgraded Comerica (NYSE:CMA) from Neutral to Buy and set a price target of $70.5.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:49 am

AXP

JP Morgan analyst Richard Shane upgraded American Express (NYSE:AXP) from Neutral to Overweight and increased the price target from $167 to $205.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:42 am

BLK

GS

Goldman Sachs (GS) is in talks to become an authorized participant for BlackRock's (BLK) upcoming spot Bitcoin ETFs, as well as those planned by Grayscale. GS and BLK stocks rose by 1.71% and 2.06%, respectively, on Thursday. The SEC is expected to decide on the Ark/21Shares spot Bitcoin ETF by January 10. To date, the SEC has only approved ETFs linked to Bitcoin and Ethereum futures, not spot cryptocurrencies. Goldman Sachs' potential role would involve creating and redeeming ETF shares to reflect the value of the underlying Bitcoin.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 11:39 am

BP

EQNR

Equinor ASA (NYSE:EQNR) and BP plc (NYSE:BP) have terminated their Offshore Wind Renewable Energy Certificate (OREC) Agreement with NYSERDA for the Empire Wind 2 project due to economic reasons such as inflation, interest rates, and supply chain disruptions. The Empire Wind 1 project remains active. The U.S. is a key growth market for Equinor, aiming for 12-16 GW of renewables capacity by 2030. Offshore wind energy project progress has slowed in 2023 across various states.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 11:38 am

MKTX

MarketAxess reported a record Q4 portfolio trading volume, which saw a 36% increase, reaching $33.4 billion in municipal bonds trading volume.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 11:36 am