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BB

BlackBerry Ltd (NYSE:BB) announced plans to separate its IoT and Cybersecurity businesses, with an IPO for the IoT business planned for the first half of the next fiscal year. The separation is expected to improve operational agility and focus on delivering solutions to customers. BlackBerry's Q2 financial results showed IoT revenue of $49 million and cybersecurity revenue of $79 million. The stock is covered by four analyst firms, with one Buy rating and three Neutral ratings.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 12:53 pm

CCOI

SBGI

VZ

The article highlights three high-yielding dividend stocks in the tech and telecom sector, as recommended by Wall Street's most accurate analysts. The stocks are Sinclair, Inc. (NASDAQ:SBGI) with a dividend yield of 9.88%, Verizon Communications Inc. (NYSE:VZ) with a dividend yield of 8.43%, and Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a dividend yield of 6.12%. Each company has recently had positive news, with Sinclair signing a new deal with Taboola, Verizon reporting better-than-expected Q2 earnings, and Cogent also reporting better-than-expected Q2 earnings.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 12:52 pm

SPY

The US exported $256.00B and imported $314.30B. This could potentially impact the SPY ETF, which tracks the S&P 500 and is influenced by the overall health of the US economy.

Portfolio Pulse from Bill Haddad

October 05, 2023 | 12:49 pm

COST

FANG

OKE

WMT

On CNBC's 'Halftime Report Final Trades', analysts discussed ONEOK, Inc. (OKE), Walmart Inc. (WMT), Costco Wholesale Corporation (COST), and Diamondback Energy, Inc. (FANG). ONEOK was initiated with an Underperform rating by Pickering Energy Partners. Walmart is increasing third-party seller activity for the holiday season. Costco reported September retail month net sales of $22.75 billion. Diamondback Energy had its price target raised from $191 to $198 by UBS.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 12:47 pm

LGVN

RIVN

VSME

VS Media is expanding into Macau, showing strong growth in digital marketing. Longeveron announced positive results for Lomecel-B™ in its Phase 2a clinical trial for Alzheimer's treatment. Rivian Automotive shares dropped after announcing a $1.5 billion proposed green convertible senior notes offering and preliminary Q3 revenue estimates.

Portfolio Pulse from ryanfaloona@benzinga.com

October 05, 2023 | 12:46 pm

AMPX

Amprius Technologies (NYSE:AMPX), a leader in lithium-ion batteries, has secured a purchase order from an eVTOL (electric vertical take-off and landing) manufacturer for custom silicon anode cells. The company's advanced cells will serve all major segments of the growing aviation market for electric mobility. The agreement is contingent upon the successful qualification of sample custom cells to be delivered later this year. Following successful qualification, the eVTOL manufacturer would receive an increased number of custom samples in early 2024 for their demonstrator integration.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:45 pm

CDAY

Ceridian HCM Holding Inc launched a range of offerings including Dayforce Autonomous Payroll, Dayforce Exchange, Dayforce Co-Pilot, and Dayforce Alumni Network at its annual customer conference. The new offerings aim to modernize payroll processing and elevate user experience with AI-powered features. Needham upgraded Ceridian HCM Holding to Buy, with a price target of $82. CDAY shares traded higher by 2.14% premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 12:45 pm

DIS

SEAS

SIX

Disney (NYSE:DIS) has announced a series of discounts for children visiting its Disneyland and Disney World parks, in response to a decline in attendance and hotel occupancy. The company plans to double its investment in its parks division, allocating around $60 billion over the next ten years. Despite the challenges, Disney's parks division has seen a 13% increase in revenue during the third quarter, reaching $8.3 billion. The news comes as U.S.-based parks, including those of competitors like Universal, Six Flags Entertainment Corp (NYSE:SIX), and SeaWorld Entertainment, Inc (NYSE:SEAS), experience lower attendance due to inflation and increased travel to Europe.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 12:40 pm

CLX

Clorox reported preliminary Q1 financial results and is assessing the impact of a previously-announced cybersecurity attack on FY24 and beyond. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:39 pm

EVAX

Evaxion Biotech (NASDAQ:EVAX) has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's American Depositary Shares (ADSs) have closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq Global Market for the last thirty consecutive business days. Evaxion has until March 27, 2024, to regain compliance. The company plans to monitor the bid price of its ADSs and evaluate options to regain compliance, including a potential reverse share split.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 12:37 pm