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TSN

Tyson Foods Inc (NYSE:TSN) shares surged after reporting first-quarter FY24 results with sales slightly up by 0.4% Y/Y to $13.32 billion, surpassing analyst expectations. Despite a decrease in gross profit and adjusted operating income, adjusted EPS of $0.69 beat the consensus of $0.41. The company reaffirmed its FY24 outlook, expecting sales to be relatively flat Y/Y. Tyson's stock price increased by 7.2% to $60.43.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 2:54 pm

TSLA

SAP has decided to remove Tesla from its list of company car suppliers, citing fluctuating list prices and problematic delivery conditions as the main reasons. This decision affects Tesla's presence in the German fleet market, where it already faces challenges, as evidenced by similar moves from Hertz and Sixt and a low market share among major German fleet operators.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:52 pm

NKLA

PLUG

Nikola Corp (NASDAQ:NKLA) announced the opening of its first HYLA hydrogen refueling station in Southern California, aiming to fuel up to 40 Class 8 trucks daily. This marks the beginning of Nikola's plan to establish a significant hydrogen refueling network, with ambitions for up to 60 stations. Additionally, Ole Hoefelmann, with a 30-year background in hydrogen and former executive roles at Air Liquide and Plug Power Inc (NASDAQ:PLUG), has been appointed as president of Nikola's energy division. Nikola's stock was down 4.67% at $0.6941.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:46 pm

GABC

German American Bancorp (NASDAQ:GABC) announced a quarterly dividend of 27 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on February 20, 2024. The stock is expected to open 27 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

HOPE

Hope Bancorp (NASDAQ:HOPE) announced a quarterly dividend of 14 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on February 23, 2024. The stock is expected to open 14 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

SPY

The S&P Global Composite PMI for January was reported at 52.0, slightly below the estimated 52.3 but above the previous month's 50.9, indicating a modest expansion in economic activity.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:45 pm

IBM

IBM announced a quarterly dividend of $1.66 per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the payout, which will be distributed on March 09, 2024. The stock is expected to open $1.66 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

GDC

JFIN

SOGP

SPHR

TGNA

The article highlights notable value stocks in the communication services sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Tegna, Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment are featured for their financial metrics and recent earnings performance. Tegna's Q3 earnings per share decreased by 11.36% from Q2, while its dividend yield increased. Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment also reported changes in their earnings per share, with significant decreases highlighted for GD Culture Group and Sphere Entertainment.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

FCF

First Commonwealth (NYSE:FCF) announced a quarterly dividend of 12.5 cents per share, with Wednesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Thursday, likely opening 12.5 cents lower. The dividend is scheduled for payment on February 23, 2024.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

COR

Cencora (NYSE:COR) announced a quarterly dividend of 51 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 51 cents lower. The dividend payout is scheduled for February 26, 2024.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm