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BORR

Borr Drilling Limited has announced the approval of a share repurchase program. The company plans to buy back its shares from the open market, with the total repurchase amount capped at $100 million.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:29 pm

EADSF

EADSY

RLLCF

TAWNF

Boeing Company (NYSE: BA) is close to finalizing a deal with Thai Airways International Public Co. (OTC:TAWNF) for up to 80 of its 787 Dreamliners. The deal, which includes firm orders, options, and purchase rights, is expected to be announced soon. This development comes after Boeing's recent $52 billion deal with Emirates. Airbus SE (OTC:EADSF) (OTC:EADSY) lost out on this opportunity due to pricing issues with Rolls Royce Holdings Plc (OTC:RLLCF), the exclusive engine supplier for Airbus's A350. The pricing deadlock has led to public criticism from customers like Emirates and Thai Airways. Boeing's shares were trading slightly lower in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 2:22 pm

AAPL

AMD

DIS

LULU

META

NVDA

QQQ

TSLA

WMT

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of December 8, 2023. The stocks include AMD, AI, TSLA, META, NVDA, AAPL, LULU, WMT, DIS, and the ETF QQQ.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:21 pm

Dollar General Corp (NYSE:DG) reported Q3 FY23 sales of $9.69 billion, surpassing estimates of $9.65 billion, with an EPS of $1.26 beating the $1.19 consensus. The company's dividend yield is 1.78%, with a quarterly dividend of 59 cents per share. To earn $500 monthly in dividends, an investor would need 2,542 shares, valued at approximately $336,307. For $100 monthly, it would require 508 shares or $67,208. Dividend yields fluctuate with stock price and dividend changes. DG shares dropped 1.2% to close at $132.30 on Thursday.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 2:17 pm

IREN

JP Morgan analyst Reginald Smith has maintained an Overweight rating on Iris Energy (NASDAQ:IREN) and increased the price target from $9 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:16 pm

ASAN

Asana (NYSE:ASAN) has seen a 13.46% decrease in short interest since its last report, with 9.09 million shares sold short, representing 10.61% of its float. The average time to cover these short positions is 4.18 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Asana has a higher short interest compared to its peer group average of 8.29%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

SNA

Snap-on (NYSE:SNA) has seen a 5.13% increase in short interest since its last report, with 1.85 million shares sold short, representing 4.1% of its float. It would take about 9.35 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Snap-on has a higher short interest compared to its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

IBIO

iBio, Inc. (NYSE:IBIO) has experienced a significant increase in short interest, with the short percent of float rising 118.62% since the last report. The company has 880 thousand shares sold short, representing 3.17% of available shares for trading. The current short interest exceeds the peer group average of 1.40%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:15 pm

RBLX

Roblox shares are experiencing an uptick following reports on social media that popular artist Nicki Minaj has joined the platform.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:14 pm

CARR

HON

Honeywell International Inc (HON) is set to acquire Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion in cash. The acquisition, which includes hardware and software solutions, aligns with Honeywell's focus on automation, aviation, and energy transition. The deal is expected to be cash-EPS accretive in the first full year and is anticipated to close by Q3 2024. Honeywell had $7.8 billion in cash as of September 30, 2023. Carrier plans to use the $4 billion net proceeds to reduce debt and resume share repurchases once leverage is back to 2x EBITDA. HON's stock price dropped by 2.58% while CARR's increased by 5.50% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 2:13 pm