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FL

Citigroup analyst Paul Lejuez has maintained a Sell rating on Foot Locker (NYSE:FL) but increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:39 am

USO

Saudi Arabia has received provisional support from OPEC+ members for potential oil production cuts. This move is aimed at stabilizing global oil prices amidst fluctuating demand and geopolitical tensions. The decision is not final and will depend on various factors, including the global economic outlook and oil market conditions. If implemented, the production cuts could lead to higher oil prices.

Portfolio Pulse from Charles Gross

November 30, 2023 | 11:37 am

TD

Toronto-Dominion Bank (TD) reported a decrease in Q4 earnings per share to $1.36 from $1.64 YoY and a decline in sales to $9.78B from $11.69B YoY, indicating a 17.07% and 16.32% decrease respectively.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:35 am

JPM

JPMorgan Chase & Co has acquired a 10.6% stake in Spanish defense systems manufacturer Indra, becoming the second-largest stakeholder after the Spanish state holding company SEPI. The stake is valued at approximately €268 million ($294.10 million). This move comes as Indra's strategic importance increases due to geopolitical tensions in Europe and Spain's commitment to boost defense spending. JPMorgan's acquisition follows Escribano's stake increase in Indra to 8%.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 11:26 am

DOOO

BRP Inc. has revised its FY24 adjusted EPS guidance to C$11.10-C$11.35, down from the previous forecast of C$12.35-C$12.85. This new guidance is still above the consensus estimate of $9.20.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:23 am

ERJ

Porter Airlines has placed a firm order for 25 Embraer SA E195-E2 passenger jets, valued at $2.1 billion. This order will be added to Embraer's Q4 backlog, bringing Porter's total orders with Embraer to 75, with 25 purchase rights remaining. Porter plans to use the new jets to expand service across North America. The E195-E2 jets have been well received by Porter, with positive feedback on fuel efficiency and customer satisfaction. Embraer's stock (ERJ) closed higher by 0.98% at $16.46.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 11:15 am

CM

Canadian Imperial Bank (NYSE:CM) reported Q4 earnings with an EPS of $1.173, beating estimates by 4.73% and showing a revenue increase of $305.30 million year-over-year. Despite missing EPS estimates last quarter, the share price increased by 0.53% the following day.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 11:05 am

RY

Royal Bank of Canada (NYSE:RY) reported Q4 earnings with an EPS of $2.07, beating estimates by 7.25% against the expected $1.93. Revenue increased by $261 million from the same period last year. Despite beating EPS estimates last quarter, RY's share price dropped by 1.47% the following day.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 11:05 am

DOOO

BRP Inc. has revised its FY24 sales growth forecast down to 4%-5% from the previously expected 7%-10%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 11:05 am

CM

Canadian Imperial Bank (NYSE:CM) reported Q4 earnings, beating estimates with an EPS of $1.173 against the expected $1.12. Revenue increased by $305.30 million from the previous year. Despite missing EPS last quarter, the share price rose by 0.53% the following day. The bank has had mixed past earnings performance.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 11:05 am