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PAYX

Over the past 10 years, Paychex (NASDAQ:PAYX) has delivered an average annual return of 11.37%, outperforming the market by 1.38% on an annualized basis. A $100 investment in PAYX a decade ago would be worth $291.68 today. Paychex currently has a market cap of $45.43 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:31 pm

SPG

Truist Securities analyst Ki Bin Kim has maintained a Hold rating on Simon Property Group (NYSE:SPG) and increased the price target from $125 to $128.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:26 pm

SCWX

SentinelOne, Inc. (NYSE:S) shares have risen over 28% in the past five days, with continued momentum following the announcement of a new channel program with Secureworks (NASDAQ:SCWX). The program combines Secureworks Taegis ManagedXDR and SentinelOne Singularity Complete to enhance threat detection and risk management. SentinelOne's trading volume has been high, with over 5.49 million shares traded, close to its 100-day average volume. The stock is currently up by 4.7% at $25.68.

Portfolio Pulse from Erica Kollmann

December 12, 2023 | 6:24 pm

ACHV

ADTX

HCDI

ICVX

JCI

ORCL

Johnson Controls International plc (NYSE:JCI) shares dropped over 6% due to weaker-than-expected quarterly results, with sales of $6.91 billion missing the $7.09 billion consensus and adjusted EPS of $1.05 below the $1.09 consensus. Other stocks experienced significant movements, with notable gainers including Aditxt, Inc. (ADTX), C4 Therapeutics, Inc. (CCCC), and Icosavax, Inc. (ICVX), among others. Losers included Achieve Life Sciences, Inc. (ACHV), Harbor Custom Development, Inc. (HCDI), and Oracle Corporation (ORCL), with various reasons such as FDA feedback, bankruptcy filing, and missed sales estimates, respectively.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 6:22 pm

LASE

TXT

Laser Photonics' stock is trading higher following the announcement of an order received from Textron Systems for the MarkStar Pro Laser Marking System.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:19 pm

HUBS

Piper Sandler analyst Brent Bracelin upgraded HubSpot Inc (HUBS) from Neutral to Overweight and raised the price target from $515 to $610, citing positive 2024 CIO survey data, improved website traffic, and the Clearbit acquisition. Bracelin believes the consensus estimate of 17.7% growth for 2024 is too conservative and has increased revenue estimates by $60M for 2024. HubSpot shares rose by 3.84% to $520.83 following the upgrade.

Portfolio Pulse from Priya Nigam

December 12, 2023 | 6:08 pm

CEIX

CLNE

CNQ

CVE

HPK

MRO

OVV

OXY

ROI

Energy stocks are trading lower due to a decline in oil prices, affecting companies like CEIX, CLNE, CNQ, CVE, HPK, MRO, NEXT, OVV, OXY, and ROI.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:04 pm

MKKGY

PFE

SGEN

Pfizer Inc has received all necessary regulatory approvals to complete its $43 billion acquisition of Seagen Inc. To address FTC concerns, Pfizer agreed to donate Bavencio royalties to the American Association for Cancer Research. Pfizer will reorganize into three divisions, with the Pfizer Oncology Division integrating oncology operations from both companies. Merck KGaA regained rights to Bavencio, replacing profit share with a 15% royalty to Pfizer. Pfizer's Angela Hwang will leave the company, and the new structure will be effective January 1, 2024. Pfizer will provide financial guidance for 2024 in an upcoming webcast.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 6:04 pm

LHX

L3Harris Technologies (NYSE:LHX) outlined its financial goals and value creation strategy at its 2023 Investor Day, targeting $23B in revenue, 16% segment operating margins, and $2.8B free cash flow by 2026. The company plans to focus on operational improvements, reduce expenses, and enhance productivity to drive margin expansion and cash flow growth. L3Harris will halt its M&A program to strengthen its balance sheet and return excess capital to shareholders after reaching a leverage target by the end of 2024. The capital deployment priorities include R&D investments, capital expenditures, debt reduction, and shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:02 pm

HEI

Over the past 20 years, Heico (NYSE:HEI) has produced an average annual return of 20.58%, outperforming the market. A $100 investment in HEI 20 years ago would now be worth $4,234.56. Heico's market capitalization currently stands at $25.28 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:01 pm