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Stock Prices

Energy Transfer LP (NYSE:ET) shares increased after OPEC+ decided to cut oil supply by 1 million barrels a day. Despite reporting weaker-than-expected Q3 earnings, ET's dividend yield of 9% attracts investors. To earn $500 monthly from dividends, one would need to invest in approximately 4,800 shares. Dividend yields fluctuate with changes in dividend payments and stock prices. ET shares rose 1.5% to close at $13.89 on Thursday.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 1:34 pm

GMFI

Aetherium Acquisition Corp. (GMFI) has received a Staff Determination Letter from Nasdaq indicating potential delisting due to non-compliance with minimum market value and shareholder count requirements. The company failed to maintain the required $50 million market value and 400 shareholders. It also did not file Forms 10-Q for the periods ending March 31, June 30, and September 30, 2023. GMFI plans to appeal the decision and has taken steps to regain compliance, including transitioning accounting services and working with EF Hutton to increase shareholder count.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:33 pm

IOT

Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Samsara (NYSE:IOT) and increased the price target from $32 to $34.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:28 pm

DELL

Wells Fargo analyst Aaron Rakers has maintained an Overweight rating on Dell Technologies (NYSE:DELL) and increased the price target from $80 to $85.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:26 pm

WFC

Wells Fargo & Co (NYSE:WFC) is facing a class-action lawsuit initiated by an employee, Sabrina Perez, for not providing overtime pay to branch workers. The lawsuit alleges that 'senior premier bankers' were misclassified as management, exempting them from overtime pay despite often working extra hours. The lawsuit seeks unspecified damages and legal fees. This comes as Wells Fargo experiences unionization efforts at its Albuquerque branch and another in Alaska, a rare occurrence in the U.S. financial industry where only 1% of workers are unionized. WFC shares are up 0.47% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 01, 2023 | 1:25 pm

INTC

LMT

MSFT

NVDA

Lockheed Martin (NYSE:LMT) has secured over $500 million in U.S. government army contracts in November, including a recent $199.15 million contract for industrial engineering services. The company's revenue heavily relies on U.S. defense spending, which is expected to increase annually until 2033. Lockheed Martin's partnerships with Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Intel (NASDAQ:INTC) focus on advancing defense digitization through AI, cloud technologies, and 5G. While Lockheed Martin's stock trades at $447.77, above the analyst consensus target of $438.04, the company's strong contract acquisition and strategic partnerships may influence its stock performance.

Portfolio Pulse from Surbhi Jain

December 01, 2023 | 1:25 pm

PATH

Wells Fargo analyst Michael Turrin has maintained an Equal-Weight rating on UiPath (NYSE:PATH) and increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:23 pm

AAL

CAVA

DAL

IRM

NEP

NIO

QTWO

UEC

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' expressed his views on several stocks. He believes Q2 Holdings, Inc. (QTWO) has risen too much, while still recommending Iron Mountain Incorporated (IRM) for its yield. Cramer is excited about CAVA Group, Inc. (CAVA) and calls Uranium Energy Corp. (UEC) a 'winner.' He prefers Delta Air Lines, Inc. (DAL) over American Airlines (AAL), is not a buyer of NIO Inc. (NIO), and suggests holding off on NextEra Energy Partners, LP (NEP). The article also reports on the price action of these stocks on Thursday.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 1:22 pm

SEDG

GLJ Research analyst Gordon Johnson has reiterated a Sell rating on SolarEdge Technologies (NASDAQ:SEDG) and reduced the price target from $35.55 to $33.46.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:15 pm

IOT

Samsara Inc (NYSE:IOT) shares surged approximately 14% after reporting Q3 FY24 results with significant year-over-year growth. Revenue increased by 40% to $237.5 million, surpassing the consensus estimate of $224.7 million. The company's Annual Recurring Revenue (ARR) grew by 39% to $1.003 billion, and the number of customers with ARR over $100,000 increased by 49%. Non-GAAP gross margin improved to 75%, and operating margin turned positive to 5% compared to a loss a year ago. Non-GAAP EPS was $0.04, beating the $0.01 consensus. Adjusted free cash flow was reported at $8.5 million, with cash and cash equivalents at $208.1 million. Samsara raised its FY24 revenue outlook to $918 million – $920 million and non-GAAP EPS to $0.05 – $0.06, both above consensus estimates. IOT shares traded higher at $31.30 in premarket.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 1:13 pm