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INFY

MSFT

Infosys Ltd (INFY) and Microsoft Corp (MSFT) have announced a collaboration to create solutions that drive Infosys Topaz, Azure OpenAI Service, and Azure Cognitive Services. The partnership aims to leverage the transition from digital to AI solutions for enterprise customers. The integrated solutions will enhance operational efficiency, lower turn-around-time, future-proof investments, and open new business models. INFY shares are trading lower by 1.39% at $17.36.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 2:55 pm

CGC

Canopy Growth Corp's shares are trading higher after all matters put forward at its general and special meeting of shareholders were approved. This includes the company's new equity incentive plan, an amendment to consolidate issued and outstanding shares, an advisory resolution on executive officer compensation, and the issuance of shares pursuant to certain outstanding convertible debentures. The company's shares have risen more than 145% over the last month.

Portfolio Pulse from Adam Eckert

September 26, 2023 | 2:55 pm

SWX

TSLA

Ford has suspended construction at its $3.5B EV battery plant due to GOP scrutiny over China ties. Nasdaq and S&P 500 futures retreat on rate-hike worries. Southwest Gas sees insider buying. Microstrategy's investment in Bitcoin is compared to a hypothetical investment in Ethereum. Moderate Republicans consider teaming up with Democrats to prevent a government shutdown. Tesla's stock is set to drop again after a rebound, and its Q3 delivery numbers could challenge Wall Street projections.

Portfolio Pulse from Akanksha Bakshi

September 26, 2023 | 2:54 pm

FSR

ICPT

IMVT

ROIV

SPRY

Despite a general downturn in the US stock market, several companies saw significant gains. Intercept Pharmaceuticals shares climbed 77.3% after Alfasigma agreed to acquire the company. Immunovant shares surged 75.6% following the announcement of initial IMVT-1402 Phase 1 SAD and 300 mg subcutaneous MAD results. ARS Pharmaceuticals jumped 18.8% after Director Rajeev Shah acquired a total of 2,700,000 shares. Roivant Sciences shares rose 17% following the announcement of initial IMVT-1402 Phase 1 SAD and 300 mg subcutaneous MAD results. Fisker shares jumped 14.2% after the company announced plans to ramp up deliveries.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 2:49 pm

CLNN

Clene Inc. announced that its CNM-Au8 treatment in the HEALEY ALS Platform Trial showed long-term survival improvement compared to PRO-ACT historical controls. This news has led to an increase in Clene's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:48 pm

CMG

A significant number of investors have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 76% of recent unusual options trades being bearish. The targeted price range for these trades is between $1360.0 and $2950.0. The company's stock price is currently down by 0.82% at $1844.41. Analysts from TD Cowen, Truist Securities, and Wedbush have downgraded their ratings on the company, with price targets ranging from $2200 to $2280.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:46 pm

BAC

A significant investor has taken a bearish stance on Bank of America (NYSE:BAC), with 58% of recent trades being bearish. The targeted price range for BAC over the last 3 months is $24.0 to $40.0. The current price of BAC is down -0.73% at $27.4. HSBC and RBC Capital have downgraded their ratings to Buy and Outperform respectively, both with a price target of $35. Piper Sandler maintains an Underweight rating with a price target of $27, while Oppenheimer maintains an Outperform rating with a price target of $48.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

GSBC

Great Southern Bancorp (NASDAQ:GSBC) 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. Shareholders owning GSBC by the end of Thursday's session will be eligible for the dividend, which will be paid out on October 17, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

WKC

World Kinect (NYSE:WKC) has announced a quarterly dividend of 14 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 14 cents lower to reflect the payout. Shareholders who own WKC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:45 pm

CAAS

FLXS

GPI

KBH

PENN

The article lists five value stocks in the consumer cyclical sector, including Flexsteel Industries (FLXS), China Automotive Systems (CAAS), PENN Entertainment (PENN), Group 1 Automotive (GPI), and KB Home (KBH). The companies' P/E ratios and recent earnings per share are provided, along with changes in their dividend yields. The article notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 2:43 pm