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A judge is reportedly leaning towards approving JetBlue's acquisition of Spirit Airlines for $3.8 billion, according to the NY Post. This deal, if finalized, would consolidate JetBlue's position in the airline industry by absorbing Spirit's low-cost operations.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 8:02 pm

MYNZ

Mainz Biomed reported topline results from its U.S. eAArly DETECT Study evaluating novel mRNA biomarkers, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 8:00 pm

OXM

Oxford Industries (NYSE:OXM) is scheduled to release its quarterly earnings report on Wednesday, 2023-12-06. Analysts predict an EPS of $0.95. Investors are looking for an earnings beat and positive guidance for future growth. Historically, OXM's stock price has been sensitive to earnings performance and guidance. Last quarter, OXM beat the EPS estimate by $0.05, leading to a 1.09% stock price increase the following day. Over the past year, OXM shares have declined by 17.63%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

BETS

Bit Brother Ltd (NASDAQ:BETS) stock plummeted by 55% after announcing a registered direct offering of $12.0 million worth of Class A ordinary shares and warrants. The offering includes 184,615,385 Class A shares and associated Class D and E warrants at $0.065 per share/warrant. Class D warrants are exercisable at $0.06 and Class E at $0.13, both with cashless exercise options. A reverse split is planned to prevent the stock from falling below $0.01. The offering is expected to close around December 8, with Maxim Group LLC as the placement agent. Bit Brother's 52-week range is $0.021 to $0.66.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 8:00 pm

HUBS

Over the past 5 years, HubSpot (NYSE:HUBS) has outperformed the market with an average annual return of 30.72%, turning a $100 investment into $391.89. HubSpot's market capitalization currently stands at $25.31 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

INTC

Over the past 3 months, 14 analysts have provided their ratings on Intel Corporation (NASDAQ:INTC), with an average 12-month price target of $36.36, a decrease from the previous $37.86. The ratings include 4 bullish, 2 somewhat bullish, 5 indifferent, and 3 bearish. The current average price target represents a 3.96% decrease.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

STZ

Constellation Brands (NYSE:STZ) has delivered an average annual return of 20.25% over the past 15 years, outperforming the market. A $100 investment in STZ 15 years ago would now be worth $1,668.84. The company's current market capitalization stands at $43.68 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

EYPT

Over the past 3 months, 5 Wall Street analysts have provided ratings for EyePoint Pharmaceuticals (NASDAQ:EYPT), with 4 being bullish and 1 somewhat bullish. The average price target is $27.6, representing an implied upside from the current price of $19.3. The target has increased by 6.15% over the past month.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

AMC

LYV

MAT

MSFT

SPOT

TIME magazine's shortlist for Person of the Year 2023 includes various influential figures such as Taylor Swift, Sam Altman, and Xi Jinping. The list also contains controversial choices like Vladimir Putin. Taylor Swift's success on Spotify and her Eras Tour's impact on Live Nation Entertainment and AMC Entertainment Holdings are highlighted. Sam Altman's OpenAI received significant funding from Microsoft. The Barbie movie's success is a win for Mattel. The winner will be announced by TIME on Wednesday morning.

Portfolio Pulse from Chris Katje

December 05, 2023 | 7:55 pm

SJM

Goldman Sachs analyst Jason English maintained a Sell rating on J.M. Smucker Company (NYSE:SJM) with a price target of $131. Despite an EPS beat in Q2 FY24, with adjusted EPS of $2.59 over the $2.47 consensus, sales declined by 12% to $1.94 billion, missing the consensus of $1.95 billion. The company updated its full-year outlook post-Hostess acquisition, adjusting its organic growth outlook and raising its underlying EPS forecast. A $39 million supplier agreement termination charge impacted coffee profits. The company now expects FY24 EPS in the range of $9.25-$9.65, with the second half of FY24 EPS expected to be below consensus. SJM shares rose 3.27% to $116.11.

Portfolio Pulse from Nabaparna Bhattacharya

December 05, 2023 | 7:53 pm