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Stock Prices

CHH

Choice Hotels has made an offer to acquire Wyndham Hotels & Resorts, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:52 pm

OPRT

JP Morgan analyst Richard Shane has downgraded Oportun Financial (NASDAQ:OPRT) from Overweight to Neutral, while raising the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:51 pm

METC

Ramaco Resources has reported updated Q3 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:50 pm

WEC

B of A Securities has downgraded WEC Energy Group from Buy to Neutral and lowered the price target from $102 to $86. The downgrade was announced by analyst Julien Dumoulin-Smith.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:50 pm

SPY

Federal Reserve's Barkin stated that monetary policy can be influenced by external events such as unrest in the Middle East. He also suggested that if a recession were to occur, it could be milder than previous downturns. Businesses are seeing less pricing power but are still willing to probe on price increases.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 2:47 pm

CAT

Caterpillar (NYSE:CAT) has announced a quarterly dividend of $1.3 per share. The stock will go ex-dividend on Friday, meaning it will likely open $1.3 lower than usual. Shareholders who own CAT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 20, 2023.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:45 pm

RMR

RMR Gr (NASDAQ:RMR) has announced a quarterly dividend of 40 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower to reflect the payout. Shareholders who own RMR as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on November 16, 2023.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:45 pm

QCOM

Qualcomm Inc.'s (NASDAQ:QCOM) stock is currently trading at $109.75, after a 0.69% drop. Over the past month, the stock decreased by 0.88%, and in the past year, by 2.75%. The company's P/E ratio is lower than the aggregate P/E of 37.83 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:45 pm

OLK

TMO

Thermo Fisher Scientific Inc (TMO) has announced a deal to acquire Olink Holding AB (OLK) for about $3.1 billion, causing OLK shares to rise by over 65%. The acquisition is expected to be completed by mid-2024. OLK projects to deliver revenues of $200 million in 2024 and is expected to grow mid-teens organically. Thermo Fisher anticipates about $125 million of adjusted operating income from revenue and cost synergies by year five following acquisition closure.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 2:44 pm

GM

MBUU

MED

UHG

VIRC

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: Virco Mfg (VIRC), Malibu Boats (MBUU), Medifast (MED), United Homes Gr (UHG), and General Motors (GM). These companies have low P/E ratios, indicating potential undervaluation. However, the risk with value stocks is that they may not rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:43 pm