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INTC

MBLY

Intel Corp (NASDAQ:INTC) plans to operate its Programmable Solutions Group as a standalone business, aiming to accelerate growth and enhance competitiveness. The operations are expected to commence in 2024 and will be reported as a separate business. Sandra Rivera will become the CEO of the new entity. Intel's CEO, Pat Gelsinger, stated that this move is aimed at unlocking more value for stakeholders and allowing Intel to focus on its core business. Last year, Intel successfully spun off its Mobileye Global Inc (NASDAQ:MBLY) business, which has seen its shares rise by over 13% year-to-date.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 8:33 pm

INTC

Intel Corporation (INTC) has announced plans to operate its Programmable Solutions Group as a standalone business. This has led to a rise in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:33 pm

ZBRA

KeyBanc analyst Ken Newman initiated coverage on Zebra Technologies (ZBRA) with a SectorWeight rating. Newman views ZBRA as a solid market leader in the AIDC industry. He sees potential for innovation in adjacent markets, but also near-term demand challenges, particularly in consumer-facing end markets. ZBRA has seen a decline in orders, which could lead to a slow recovery in order rates. Newman projects 3Q revenue of $920.1 million and EPS of $0.76, and 4Q revenue of $1.02 billion and EPS of $1.70.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 8:32 pm

VERY

iA Financial Group announced it will acquire Vericity, Inc. (NASDAQ:VERY) in an all-cash transaction valued at approximately $170 million, expected to close in the first half of 2024. Vericity's shares surged on the news, with trading volume significantly higher than average. The stock closed up 94.2% at $11.07.

Portfolio Pulse from Ryan Gustafson

October 03, 2023 | 8:32 pm

SEPA

SEP Acquisition Corp has received a determination letter from the staff of Nasdaq stating that the company has not regained compliance with the Minimum Value Listing Standard (MVLS).

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:30 pm

NFLX

Netflix (NASDAQ:NFLX) has outperformed the market over the past 10 years, producing an average annual return of 24.18%. If an investor had bought $100 of NFLX stock 10 years ago, it would be worth $828.91 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:30 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past 15 years, producing an average annual return of 11.5%. If an investor had bought $100 of NEE stock 15 years ago, it would be worth $485.56 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:30 pm

JCI

Johnson Controls Intl Inc. (NYSE:JCI) has seen a decrease in its stock price by 0.78% in the current session, 10.93% over the past month, and 2.57% over the past year. Despite this, its price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Building Products industry, suggesting that the stock might be undervalued. However, investors are advised to use the P/E ratio with caution as it can also indicate weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 8:30 pm

GLBS

Globus Maritime Limited has regained compliance with NASDAQ's minimum closing bid price requirement. This follows a period of non-compliance that had put the company's listing at risk.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:29 pm

PACB

Pacific Biosciences of California Inc has filed for a shelf of up to 8.99 million shares by selling stockholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:26 pm