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SSLZY

WDS

Woodside Energy (NYSE:WDS) and Santos Ltd. (OTC:SSLZY) are in early discussions about a potential merger that could create an A$80 billion ($52 billion) oil and gas giant. The merger would mark a significant consolidation in the global oil and gas industry. Woodside, with a market cap of A$56.91 billion, is larger than Santos, which has a market cap of A$22.1 billion. Both companies have experienced share price declines amid decarbonization pressures. The merger could strengthen their position in the LNG market and improve negotiations with buyers.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 4:49 pm

JBLU

JetBlue shares are trading higher following the airline's announcement of raised guidance for Q4 and the full year 2023. The company attributes this positive outlook to robust travel demand and solid operational performance in November.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:45 pm

DAL

JBLU

LUV

Airline stocks are experiencing an uptick after JetBlue provided positive guidance and commentary, indicating a potentially optimistic outlook for the industry.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:45 pm

DOGEUSD

The DOGE-1 Moon Mission, funded by Dogecoin (CRYPTO: DOGE), has received FCC approval and is scheduled to launch on January 12, 2024. The mission will include a Dogecoin-funded satellite developed by Geometric Energy Corporation, which also issues the GEC token. The XI token was used for satellite advertisements. The mission, originally planned for 2022, will be part of a rideshare on the Nova-C/IM-1 mission. GEC and XI tokens have seen significant price surges and trading volume increases.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 4:41 pm

BA

Boeing has announced a delay in the ramp-up of its 737 production, pushing back the target of producing 42 planes per month from December 2023 to February 2024. This decision is based on a new supplier master schedule, as reported by Reuters citing sources.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:35 pm

GMS

GMS Inc (NYSE:GMS) reported a slight decline in Q2 FY24 net sales, down 0.7% Y/Y to $1.42 billion, but beat consensus estimates. Adjusted EPS was $2.30, also above consensus. The company faced deflationary steel pricing and reduced single-family demand, but saw growth in multi-family and commercial sectors. Gross profit and operating income declined, as did adjusted EBITDA. GMS repurchased shares and improved net debt leverage. The CEO anticipates growth in multi-family construction and stable commercial demand, with potential improvement in single-family activity due to easing mortgage rates.

Portfolio Pulse from Akanksha Bakshi

December 07, 2023 | 4:35 pm

RNG

RingCentral's stock price experienced a surge following the announcement that the company will present at the Barclays Global Technology Conference at 11:40 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:31 pm

SBUX

Over the past 15 years, Starbucks (NASDAQ:SBUX) has delivered an average annual return of 22.41%, outperforming the market. A $100 investment in SBUX 15 years ago would be worth $2,161.43 today. Starbucks currently has a market cap of $110.59 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 4:30 pm

FISV

Over the past 15 years, Fiserv (NYSE: FISV) has produced an average annual return of 20.08%, outperforming the market by 8.55% on an annualized basis. A $1000 investment in Fiserv 15 years ago would be worth $15,724.01 today. Fiserv's market capitalization currently stands at $78.68 billion.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 4:30 pm

BATRA

DKNG

MGM

PDYPY

The New York Yankees acquired MLB superstar Juan Soto from the San Diego Padres, improving their odds for the 2024 World Series. Soto's impressive stats and history, including a World Series win and high MVP voting placements, bolster the Yankees' lineup. The trade has led to improved betting odds for the Yankees across various sportsbooks, including DraftKings, FanDuel, and BetMGM, with the team now among the top three favorites to win the World Series.

Portfolio Pulse from Chris Katje

December 07, 2023 | 4:22 pm