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CALM

Cal-Maine Foods Inc (NASDAQ:CALM), the largest U.S. producer of fresh shell eggs, has halted production at a Kansas facility due to an avian influenza outbreak. Approximately 684,000 laying hens, 1.6% of the company's total flock, tested positive for the disease. Cal-Maine is following USDA protocols and working to minimize customer disruption by securing production from other facilities. The USDA assures that there is no public health concern or threat to the food supply, and no eggs have been recalled. Cal-Maine has not detected HPAI at any other locations and maintains strict biosecurity programs. Over 72.5 million birds in the U.S. have been lost to avian flu since February 2022. CALM shares dropped 0.37% in premarket trading.

Portfolio Pulse from Vandana Singh

December 13, 2023 | 1:32 pm

AVAV

FSLR

GEHC

KAMN

Jim Cramer shared his opinions on several stocks during CNBC's 'Mad Money Lightning Round.' He sees First Solar (FSLR) as risky due to its correlation with oil prices. Cramer praised Kaman Corporation's (KAMN) aerospace business and considers the stock undervalued. He suggested selling Cigna Group (CI) after its significant gains. Cramer believes GE Healthcare (GEHC) is mispriced and has potential due to the MRI business, especially with Alzheimer's drugs. He also recommended AeroVironment (AVAV) for its strong drone business and recent good quarter.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:31 pm

QQQM

SPY

The Federal Reserve's policy decisions throughout 2023 have led to significant movements in the stock market. Despite initial expectations of a peak rate of 4.5%-4.75%, the Fed raised rates to 5.25%-5.5%. The hawkish stance in early 2023 led to a stock market dip, but as inflation rates fell and the Fed's tone softened, stocks rallied. The SPDR S&P 500 ETF (SPY) gained 21% year to date, while the Invesco NASDAQ 100 ETF (QQQM) rallied 50%. The final CPI reading for November showed inflation at 3.1%, fueling speculation that the rate-hike cycle may be over and potentially leading to easing in the spring.

Portfolio Pulse from Neil Dennis

December 13, 2023 | 1:30 pm

TTWO

Take-Two Interactive Software Inc (NASDAQ:TTWO) stock is trading higher after the announcement that it will be added to the Nasdaq-100 Index. This follows the Nasdaq's decision to remove Seagen due to its acquisition by Pfizer, which received all required regulatory approvals. Additionally, Wolfe Research analyst Peter Supino initiated coverage on Take-Two with an Outperform rating and a price target of $186.

Portfolio Pulse from Adam Eckert

December 13, 2023 | 1:29 pm

Exane BNP Paribas analyst Nate Crossett upgraded Realty Income (NYSE:O) from Neutral to Outperform and set a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:29 pm

FBRX

OLB

REFR

SDOT

Insiders at OLB Group, Research Frontiers, Sadot Group, and Forte Biosciences have recently purchased shares of their respective companies, signaling potential confidence in their future prospects. These transactions are notable as they involve penny stocks, which are generally considered higher risk investments. OLB Group's CEO acquired shares at $0.75 each, Research Frontiers' director at $0.97, Sadot Group's director at $0.40, and Forte Biosciences' director at $0.65.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:29 pm

CMRE

MMM

SBLK

The article discusses three high-yielding dividend stocks in the industrials sector recommended by Wall Street's most accurate analysts. 3M Company (MMM) has a dividend yield of 5.85% and received mixed reviews from analysts, with an upgrade from Barclays and a maintained Underperform rating from RBC Capital. Costamare Inc. (CMRE) offers a 4.93% dividend yield, with Citigroup maintaining a Buy rating despite a price target cut, and Jefferies downgrading the stock. Star Bulk Carriers Corp. (SBLK) has the highest dividend yield at 7.74%, with Jefferies and Stifel maintaining Buy ratings but adjusting their price targets. Recent news includes 3M's better-than-expected Q3 results and raised FY23 guidance, Costamare's Q3 revenue growth beating consensus, and Star Bulk's merger plans with Eagle Bulk Shipping.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 1:29 pm

TTWO

Take-Two Interactive (TTWO) shares are trading higher following the announcement that the company will be added to the Nasdaq-100 Index.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:28 pm

XPO

YELLQ

XPO Inc (NYSE:XPO) received approval from the U.S. Bankruptcy Court to acquire 28 service centers from bankrupt Yellow Corporation. The deal includes 26 outright purchases and 2 lease assumptions, expected to close by end of 2023. This expansion is seen as a strategic move to enhance XPO's network efficiency and growth, particularly in high-demand freight markets. XPO's stock rose 3.12% to $84.71 following the news.

Portfolio Pulse from Shivani Kumaresan

December 13, 2023 | 1:28 pm

VRTX

Vertex Pharmaceuticals' stock is up following positive results from its Phase 2 study of VX-548 for treating painful diabetic peripheral neuropathy.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 1:24 pm