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PARA

Paramount Global (NASDAQ:PARA) is in the spotlight due to speculation about a potential move by Skydance CEO David Ellison and RedBird Capital through National Amusements, which holds 77% of Paramount's Class A shares. The focus of interest appears to be Paramount Pictures and intellectual properties, rather than its TV stations or certain cable networks. Paramount faces challenges in the streaming market and traditional TV, with a 14% drop in TV Media ad revenue in Q3. PARA stock is up 12.79% at $16.95.

Portfolio Pulse from Vandana Singh

December 08, 2023 | 3:19 pm

FCX

SCCO

Copper company stocks, including FCX and SCCO, are trading higher in response to an increase in copper futures prices.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:18 pm

CASY

Casey's General Stores, Inc. (NASDAQ:CASY) is expected to report Q2 fiscal 2024 earnings of $3.65 per share, slightly down from $3.69 per share a year ago, with projected revenue of $4.06 billion. The company previously reported a 13.2% year-on-year sales decline in Q1 FY24. Casey's shares recently closed at $274.22, down 0.2%. Analysts from Wells Fargo, BMO Capital, Stephens & Co., JP Morgan, and Deutsche Bank have provided various ratings and price target changes for Casey's, with the most recent adjustments occurring in September and July.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 3:17 pm

LULU

Lululemon's stock is trading higher following a Q3 earnings beat and the announcement of a $1 billion buyback program. The initial drop in stock price after the report was likely due to Q4 guidance falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:17 pm

LYB

LyondellBasell Industries NV (NYSE:LYB) has agreed to sell its Ethylene Oxide & Derivatives (EO&D) business and the Bayport, Texas production facility to INEOS Oxide for $700 million. The deal is expected to close in Q2 2024, subject to regulatory approvals and completion of planned maintenance. CEO Peter Vanacker emphasized the divestiture as part of focusing on core operations. LYB's cash and liquid investments were $2.84 billion as of September 30, 2023. LYB's stock rose 1.57% to $93.63.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 3:08 pm

GWRE

Oppenheimer analyst Ken Wong has maintained an Outperform rating on Guidewire Software (NYSE:GWRE) and increased the price target from $100 to $115, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:08 pm

WPM

Wheaton Precious Metals (NYSE:WPM) is distributing a dividend of $0.15 per share with an annualized yield of 1.41%. The ex-dividend date was November 27, 2023, and the dividend is payable on December 08, 2023. The company has shown a positive trend in dividend per share from $0.36 in 2019 to $0.60 in 2022, and earnings per share growth from $0.47 to $1.18 over the same period, indicating financial health and a commitment to rewarding shareholders.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

WAFD

WSBC

WaFd (NASDAQ:WAFD) will pay a dividend of $0.25 per share on December 8, 2023, with an annualized yield of 3.96%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of November 22, 2023. WaFd has shown a consistent increase in dividends per share from $0.82 in 2019 to $0.96 in 2022, and earnings per share growth from $2.62 in 2019 to $3.39 in 2022, indicating a strong financial health. Wesbanco (NASDAQ:WSBC) leads the industry with a 5.05% dividend yield.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

CBRL

YUM

Yum Brands (NYSE:YUM) is distributing a dividend of $0.60 per share with an annualized yield of 1.91%. Shareholders as of November 27, 2023, are eligible. The company has shown consistent dividend growth from $1.68 in 2019 to $2.28 in 2022 and earnings growth from $2.95 to $4.21 per share over the same period, indicating strong financial health and potential for future dividend increases. Yum Brands's dividend yield is moderate compared to industry peers like Cracker Barrel Old (NASDAQ:CBRL), which leads with a 7.03% yield.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm

BK

FSK

Bank of New York Mellon (NYSE:BK) is distributing a dividend of $0.42 per share with an annualized yield of 4.02%. The company has shown growth in dividend per share from $1.18 in 2019 to $1.42 in 2022 and an increase in earnings per share from $4.01 in 2019 to $4.14 in 2022, indicating a healthy financial status. FS KKR Capital (NYSE:FSK) has the highest annualized dividend yield among peers at 13.86%.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 3:05 pm