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CC

IP

SON

The article discusses three high-yielding dividend stocks in the materials sector, recommended by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. The Chemours Company (CC) has a dividend yield of 3.47% and received mixed ratings with a price target cut. Sonoco Products Company (SON) offers a 3.64% yield and was downgraded to Hold, with a price increase announcement for its products. International Paper Company (IP) has the highest yield at 5.01%, with a Hold rating and a mixed direction in price targets. All companies are facing market turbulence and have recent news affecting their outlook.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 12:22 pm

WTFC

Wintrust Financial Corp (NASDAQ:WTFC) reported Q4 FY23 earnings with net revenue of $570.8 million, missing consensus estimates of $579.2 million. Adjusted EPS was $2.40, below the expected $2.49, and down 16% Y/Y. Net interest income increased 3% Y/Y but with a margin contraction. Total loans and deposits grew Y/Y, while the provision for credit losses decreased. The company expects to maintain net interest margin levels in the first quarter of 2024. WTFC shares dropped 3.20% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 18, 2024 | 12:21 pm

GOOG

GOOGL

Alphabet Inc's Google has initiated layoffs impacting 100 employees at YouTube, following a previous reduction of over 1,000 workers across various divisions. The layoffs are part of a strategic effort to focus on key product areas and enhance operational efficiency. Affected employees have a 60-day window to find new roles before termination. Google CEO Sundar Pichai indicated that further job cuts may occur throughout 2024 as part of resource allocation decisions. Alphabet plans to eliminate 12,000 positions globally. GOOG shares traded higher by 0.70% in premarket.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 12:21 pm

ANET

Keybanc analyst Thomas Blakey has maintained an Overweight rating on Arista Networks (NYSE:ANET) and increased the price target from $232 to $287.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:21 pm

PINS

Argus Research analyst Jim Kelleher has upgraded Pinterest (NYSE:PINS) from Hold to Buy and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:15 pm

CZR

Caesars Entertainment has projected its total net revenues for the quarter ended December 31 to be between $2.815 billion and $2.835 billion, which is below the estimated $2.92 billion.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:14 pm

CART

UBER

Uber Technologies Inc (NYSE:UBER) is rumored to be considering an acquisition of Instacart (NASDAQ:CART), as per Wolfe Research analyst Deepak Mathivanan. Instacart's stock spiked by 6.7% to $25.48 after the analyst upgraded its rating to Outperform with a target price of $35, citing the company's attractive valuation and potential synergies with Uber. The acquisition could help Uber quickly enter the $1 trillion grocery sector with minimal regulatory risk. Instacart, which went public as Maplebear, has been under pressure but is expected to remain a key industry player.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 12:09 pm

IDR

Idaho Strategic Resources (NYSE:IDR) reported a 41.9% increase in year-over-year top-line revenue for 2023, reaching $13.6 million. This growth is attributed to the production of over 8,100 ounces of gold, marking a 32.7% increase in production compared to 2022. The company has highlighted this achievement as its best year in corporate history, emphasizing consistent growth in revenue and operating results.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:06 pm

CATX

Perspective Therapeutics, Inc. (NYSE:CATX) has announced the pricing of a public offering and private placement totaling approximately $80.8 million. The public offering is priced at $0.37 per share for 132,075,218 shares, and pre-funded warrants are priced at $0.369 for 30,086,944 shares. The company also granted underwriters a 30-day option to purchase up to an additional 24,324,324 shares at the public offering price, less discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:04 pm

WFC

Odeon Capital analyst Dick Bove has downgraded Wells Fargo (NYSE:WFC) from Buy to Hold and set a price target of $48.8.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:00 pm