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CPA

Raymond James analyst Savanthi Syth has reaffirmed a Strong Buy rating on Copa Holdings (NYSE:CPA) and increased the price target from $152 to $155.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:39 pm

GOVT

Billionaire investor Ray Dalio discussed the transformative impact of AI and its potential socioeconomic consequences, including job displacement and widening wealth gaps. He also warned of the U.S. debt problem and its impact on financial markets, without expecting significant changes from the Federal Reserve. The iShares U.S. Treasury Bond ETF (GOVT) is mentioned as being down nearly 3% year-to-date but showing positive performance in November.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 1:39 pm

SSNLF

Samsung Electronics Ltd's (OTC:SSNLF) leader Lee Jae-yong is facing a potential five-year jail term as South Korean prosecutors seek his conviction for accounting fraud and stock price manipulation related to a 2015 merger. The outcome of the trial could significantly impact Lee's ability to influence Samsung's future strategies, including mergers and acquisitions. Lee has previously served jail time for bribery and was pardoned in 2022.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 1:37 pm

AMZN

SRM

SRM Entertainment, Inc. (NASDAQ:SRM) has announced the launch of its Sip with Me children's cups on Amazon. The cups feature characters from the Smurfs & Zoonicorn franchises and SRM's Trend Animal collection. This expansion to Amazon's marketplace is a significant milestone for SRM, offering a new purchasing channel for customers alongside existing sales at theme parks, restaurants, and other retailers.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:33 pm

DOCS

HIMS

NTRA

OSUR

PNT

Five health care stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. OraSure Technologies (OSUR) reported positive quarterly results but saw a slight share price drop. POINT Biopharma (PNT) reported a net loss and is being acquired by Lilly, with a minor share price decrease. Natera (NTRA) partnered with Merck for oncology research, experiencing a small share price fall. Doximity (DOCS) exceeded financial expectations, yet shares closed lower. Hims & Hers Health (HIMS) reported strong sales and announced a share repurchase program, with shares also closing down.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:33 pm

CCOI

IPG

NXST

The article discusses three high-yielding dividend stocks in the tech and telecom sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Cogent Communications Holdings, Inc. (CCOI) has a dividend yield of 5.74% and received mixed ratings from Keybanc and JP Morgan analysts. The Interpublic Group of Companies, Inc. (IPG) offers a 4.16% dividend yield, with Citigroup and Morgan Stanley analysts providing their ratings. Nexstar Media Group, Inc. (NXST) has a 3.67% dividend yield, with Rosenblatt and Benchmark analysts reiterating Buy ratings. The article also mentions recent news for each company, including Cogent's wider-than-expected Q3 loss, Interpublic's mixed Q3 results, and Nexstar's Q3 revenue decline.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 1:32 pm

RTC

Baijiayun has received a notification from Nasdaq due to the late filing of its 2023 Annual Report. The delay in submitting the required documentation could potentially lead to non-compliance with Nasdaq's listing rules if not addressed in a timely manner.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:31 pm

TEVA

Teva Pharmaceutical Industries Ltd. has announced the approval of a generic version of Forteo in the United States. Forteo, which is used to treat osteoporosis, is a significant product for its original manufacturer, and the introduction of a generic version by Teva could impact the market share and sales of the branded drug.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:31 pm

SPY

U.S. housing starts in October increased to 1.372 million, surpassing the estimate of 1.345 million and the previous month's figure of 1.358 million.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:30 pm

RHE

Regional Health Properties (AMEX:RHE) reported a narrower Q3 loss of $(0.52) per share compared to $(1.48) YoY, but sales declined to $4.14M from $11.03M YoY, indicating a mixed financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:28 pm