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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

LMT

Over the past 10 years, Lockheed Martin (NYSE:LMT) has produced an average annual return of 12.35%, outperforming the market by 2.36% on an annualized basis. A $1000 investment in LMT a decade ago would be worth $3,221.56 today. Lockheed Martin's market capitalization currently stands at $111.94 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:01 pm

EFHT

ECD Auto Design and EF Hutton Acquisition Corporation I announced that their combined company will start trading on NASDAQ under the symbols 'ECDA' and 'ECDAW' from December 13, 2023. The new entity, resulting from a business combination, will be named 'ECD Automotive Design Inc.' ECD management will ring the NASDAQ opening bell on the same day.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:01 pm

COOK

Over the past 3 months, 5 analysts have published their opinions on Traeger (NYSE:COOK), with 1 bullish, 2 somewhat bullish, 2 somewhat bearish, and no indifferent or bearish ratings. The average 12-month price target for COOK is $4.16, a decrease from the previous $4.75, representing a 12.42% drop. Analysts use various data sources to provide these ratings, which are opinions and not certainties.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

ANET

Arista Networks Inc. (NYSE:ANET) stock has seen a 1.13% increase in the current session, trading at $229.12. Over the past month and year, the stock has risen by 6.47% and 74.92%, respectively. Investors are examining the P/E ratio to determine if the stock is overvalued. Arista Networks' P/E is lower than the Communications Equipment industry average, suggesting it might be undervalued or that it may have weaker growth prospects compared to its peers.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

HUM

PFE

SHAK

On CNBC's Halftime Report, the final trades segment featured recommendations for Shake Shack (SHAK), Pfizer (PFE), and Humana (HUM). Analysts provided their insights and suggested these stocks as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 6:00 pm

STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings in the last quarter, with 2 bullish, 2 indifferent, and 1 somewhat bearish. Over the past 3 months, 5 analysts have set a 12-month price target for STLD, averaging $114.6, with a high of $130 and a low of $98. The average price target has risen by 4.42% in the last month. Analyst ratings are based on research and provide guidance to investors, though they reflect opinions and may vary each quarter.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

PEN

Analysts have provided ratings for Penumbra (NYSE:PEN) with 2 bullish, 2 somewhat bullish, and 1 indifferent rating in the last quarter. The average price target is $282.0, representing an implied upside from the current price of $224.11. This target has decreased by 8.29% from the previous target of $307.50. Analysts' ratings are based on company financials, future earnings predictions, and industry risk assessments.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 6:00 pm

AAPL

AMZN

KKR

MUSQ

SONY

SPOT

KKR & Co Inc is considering the sale of its music catalog, which includes 65,000 songs, as royalty valuations decline due to high interest rates. The catalog was acquired from Kobalt Capital for $1.1 billion in 2021. Music streaming services like Spotify are experiencing revenue growth, with Spotify's stock up 151% since the start of the year. In contrast, the MUSQ Global Music Industry ETF has fallen 2.8% since its launch in July. Sony Music's share price is up 18% this year, while Warner Music is down slightly.

Portfolio Pulse from Neil Dennis

December 12, 2023 | 5:55 pm