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ILPT

Industrial Logistics (NASDAQ:ILPT) announced a quarterly dividend of 1 cent per share, with the ex-dividend date set for Friday. Shareholders owning ILPT stock by the end of Thursday are eligible for the dividend, which will be paid on February 15, 2024. The stock is expected to open 1 cent lower on Friday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:45 pm

CL

Colgate-Palmolive (NYSE:CL) announced a quarterly dividend of 48 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will open 48 cents lower to reflect the payout. The dividend is scheduled to be paid on February 15, 2024.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:45 pm

USAC

USA Compression Partners (NYSE:USAC) announced a quarterly dividend of 52.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on February 02, 2024. The stock is expected to open 52.5 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:45 pm

BK

Bank of New York Mellon (NYSE:BK) announced a quarterly dividend of 42 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on February 02, 2024. The stock is expected to open 42 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:45 pm

GLBZ

Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend of 10 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, likely opening 10 cents lower. The dividend is scheduled to be paid on February 05, 2024.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:45 pm

AXSM

Piper Sandler analyst David Amsellem has maintained an Overweight rating on Axsome Therapeutics (NASDAQ:AXSM) and increased the price target from $90 to $113, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:42 pm

BONKUSD

DOGEUSD

SHIBUSD

WIFUSD

An anonymous trader, RockeFeller.eth, turned $5,000 into $1.8 million in one month by trading dogwifhat (WIF), a memecoin on Solana. WIF's market cap soared to over $300 million. The trader's success story follows a similar event where another trader profited $4.4 million from Bonk (BONK), also on Solana. WIF experienced a 600% increase in value, challenging other dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The future of WIF as a leading memecoin is uncertain, but the trend of dog-related memecoins gaining rapid valuations on Solana continues.

Portfolio Pulse from Ivan Crnogatić

January 16, 2024 | 2:41 pm

GS

SPY

Goldman Sachs CEO David Solomon expressed optimism for a soft landing of the economy, citing the potential for rate cuts this year during a conference call.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:41 pm

AAPL

MSFT

QQQ

Microsoft CEO Satya Nadella is satisfied with the company's partnership with OpenAI, indicating no desire for greater control despite a $13 billion investment. Microsoft has integrated ChatGPT technology into its products and maintains its own AI development. Nadella sees AI as key to future hardware development. Microsoft surpassed Apple as the most valuable company but Nadella views market cap as a lagging indicator, focusing instead on innovation. Analysts from Piper Sandler and Mizuho maintain positive ratings on Microsoft, seeing the OpenAI partnership as strategic for AI leadership. Microsoft's stock outperformed Invesco QQQ Trust last year and traded higher in premarket.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 2:41 pm

CVNA

JMP Securities analyst Nicholas Jones has reiterated a 'Market Outperform' rating on Carvana (NYSE:CVNA) and maintained a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:41 pm