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GIS

General Mills, Inc. (NYSE:GIS) is anticipated to release its fiscal 2024 Q2 earnings on Dec. 20, 2023, with expected earnings of $1.16 per share and revenue of $5.35 billion. The company has a dividend yield of 3.56%, paying a quarterly dividend of 59 cents per share. To earn $500 monthly from dividends, an investment of approximately $168,636 is needed. GIS shares recently rose 1.7% to close at $66.34.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:32 pm

SPY

USA Building Permits for November were reported at 1.460M, slightly below the estimate of 1.470M and lower than the prior figure of 1.498M.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:30 pm

CATX

DFCO

SHFS

THAR

Insiders at four companies have recently made notable purchases of their own stock, indicating potential confidence in their companies' prospects. Tharimmune CEO Randy Milby bought 29,000 shares at $0.50 each. Perspective Therapeutics Director Lori A Woods acquired 185,200 shares at $0.27 each. SHF Holdings CEO Sundie Seefried and a Director purchased a total of 39,700 shares at around $0.96 each. Dalrada Financial CEO Brian Bonar bought 9,000 shares at $0.29 each. These transactions can be a factor for investors considering penny stocks.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:29 pm

RYTM

Wells Fargo analyst Derek Archila has maintained an Overweight rating on Rhythm Pharmaceuticals (NASDAQ:RYTM) and increased the price target from $48 to $53.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:28 pm

BPMC

Wells Fargo analyst Derek Archila has maintained an Overweight rating on Blueprint Medicines (NASDAQ:BPMC) and increased the price target from $86 to $115.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:26 pm

BA

Boeing Co (NYSE:BA) stock is trading higher after Lufthansa Group placed an order for up to 100 737 MAX jets, including a firm order for 40 737-8 planes and options for up to 60 more. This marks the return of the Boeing 737 family to Lufthansa's fleet and is expected to help the airline meet its sustainability targets with improved fuel efficiency and reduced emissions. Boeing shares were up 0.86% at $262.56 following the announcement.

Portfolio Pulse from Adam Eckert

December 19, 2023 | 1:24 pm

ACN

BLK

CRM

IBM

KD

BlackRock's Investment Institute's 2024 Global Outlook suggests AI investment opportunities are shifting from semiconductors and cloud computing to AI Model infrastructure. Companies like NVIDIA, AMD, Alphabet, Microsoft, and Broadcom have benefited from the AI boom in 2023. BlackRock highlights IBM, Salesforce, Accenture, and Kyndryl as key players in the AI Model infrastructure space, with IBM acquiring StreamSets and webMethods, and Accenture acquiring Ammagamma. BlackRock is overweight on AI theme in developed market stocks for the next 6-12 months, expecting tech sector earnings to drive U.S. corporate profit growth in 2024.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 1:22 pm

EIS

SPY

USO

The Chair of an Israeli Ports Company has stated that the recent Houthi attacks will not lead to a shipping embargo on Israel. This announcement comes as a reassurance to the shipping industry and investors concerned about the potential disruption of maritime trade routes affecting Israel.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:20 pm

GIL

Oakcliff Capital, a shareholder of Gildan Activewear Inc. (NYSE:GIL), has sent a letter to Gildan's Board of Directors expressing dissatisfaction with the firing of CEO Glenn Chamandy and the direction of the board. Oakcliff, which owns 0.4% of Gildan's shares, is calling for Chamandy's reinstatement and a change in the board's chairman, as well as the addition of two shareholder representatives. They believe these changes are urgent to resolve the uncertainty affecting Gildan's customer and employee relationships.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:17 pm

AGR

AY

D

Wall Street's most accurate analysts have provided updates on three utilities stocks with over 5% dividend yields: Atlantica Sustainable Infrastructure plc (AY), Dominion Energy, Inc. (D), and Avangrid, Inc. (AGR). AY was downgraded by Raymond James and had a price target cut by JP Morgan, but reported better-than-expected Q3 earnings. D's price target was increased by JP Morgan and cut by Wells Fargo, and the company expanded its battery storage fleet. AGR had a price target cut by Wells Fargo and reported weaker-than-expected Q3 earnings.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:16 pm