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TAC

TransAlta announced the renewal of its Normal Course Issuer Bid (NCIB) to repurchase up to 14 million common shares, representing approximately 4.6% of its outstanding shares. The repurchases will be made through open market transactions on the TSX and other Canadian trading systems, and any repurchased shares will be cancelled.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:52 am

ATRO

Astronics' EmPower UltraLite G2 USB Power System will be installed on 650 aircraft by the end of the year. The company has delivered 350 shipsets and plans to deliver 300 more in 2024. The system supports airlines' efforts to reduce carbon emissions by weighing 30% to 40% less.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:44 am

GIB

CGI intends to repurchase 2.89 million of its Class A shares from CDPQ at $138.51 per share, which is a discount to the closing price on May 27, 2024. This transaction is part of CDPQ's periodic portfolio rebalancing. Post-transaction, CDPQ will hold approximately 7.15% of CGI's total outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:42 am

CAE

CAE (NYSE:CAE) reported Q4 2024 earnings of C$0.37 per share, missing the analyst estimate of C$0.42. Sales were C$1.126 billion, also below the expected C$1.286 billion. Despite the misses, EPS increased by 12.12% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 6:39 am

LLY

Eli Lilly's CEO, David Ricks, expressed confidence in meeting Bank of America's $60 billion revenue projection from new drug launches by 2030. The company is focusing on proving the efficacy of its drugs for weight loss and obesity-driven diseases. Recent strategic investments, including a $5.3 billion manufacturing investment in Indiana, bolster this confidence.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 6:38 am

GOOG

GOOGL

Iyo, a company backed by Alphabet Inc.'s Google, is set to launch its AI-powered earbuds, Iyo One, this winter. Unlike other AI hardware products that failed, such as Humane's Ai Pin and Rabbit's R1, Iyo One aims to succeed by integrating advanced AI into popular Bluetooth earbuds without requiring a monthly subscription fee. The product will be priced at $599 for the Wi-Fi model and $699 for the cellular version.

Portfolio Pulse from Ananya Gairola

May 28, 2024 | 6:29 am

BOX

ESLT

GIL

GME

HEI

Key stocks to watch today include Box, Gildan Activewear, Elbit Systems, GameStop, and HEICO. Box and HEICO are expected to report earnings, Gildan Activewear has new leadership, Elbit Systems will release earnings, and GameStop completed its equity offering program.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am

BOX

DECK

ESLT

HEI

NVDA

Investor optimism has improved, with the Nasdaq reaching a record high. NVIDIA and Deckers Outdoor saw significant gains due to strong financial results. The Fear & Greed Index remains neutral. Investors are awaiting earnings from Elbit Systems, Box, and HEICO.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:17 am

HEI

HEICO Corporation (NYSE:HEI) is expected to report higher Q2 earnings, with analysts projecting earnings of 81 cents per share and revenue of $951.21 million. Recent analyst ratings have been positive, with multiple analysts maintaining Buy ratings and raising price targets.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 6:12 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) year-over-year came in at 1.8%, below the estimated 2.2% and the prior 2.2%.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:11 am