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JNJ

Johnson & Johnson (NYSE:JNJ) reported Q1 earnings with an adjusted EPS of $2.71, surpassing Wall Street estimates and showing a 12.4% increase year over year. Sales rose to $21.38 billion, with significant contributions from its medical devices sector, leading to a net profit of $5.35 billion compared to a net loss the previous year. The company also raised its quarterly dividend and updated its fiscal year 2024 sales and EPS guidance upwards.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 1:29 pm

FLGC

Flora Growth (FLGC) has announced a definitive agreement to acquire TruHC for 2,770,562 of its common shares, valued at $6.4M. This acquisition leverages TruHC's German cannabis platform, enhancing Flora's global distribution network with TruHC's expertise in the cannabis sector. The deal is strategic ahead of Germany's expected growth to become the world's largest federally legal cannabis market, potentially surpassing $10 billion in market potential.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:24 pm

BNED

Barnes & Noble Education, Inc. (BNED) has announced the adoption of a short-term stockholder rights plan, designed to deter the acquisition of 10% or more of its outstanding common stock by any person or group. The plan includes a dividend distribution of one preferred share purchase right for each outstanding common share, exercisable at $5.00. These rights become exercisable only if a person or group acquires 10% or more of BNED's common stock, allowing other stockholders to purchase shares at a discount or the board to exchange shares for rights. The rights plan is effective until January 31, 2025, with the dividend distribution set for April 29, 2024. Paul Hastings LLP and Houlihan Lokey, Inc. are serving as legal counsel and financial advisor, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:23 pm

HPH

Highest Performances Holdings (HPH) shares are trading higher following the announcement of a share purchase agreement with GEM Global Yield, securing an investment of up to $500 million.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:21 pm

AAPL

CORN

DJT

GLD

NFLX

NVDA

QQQ

TSLA

TSM

UNH

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:20 pm

ACES

DAL

JOBY

QCLN

Joby Aviation, Inc. (NYSE:JOBY) is planning to launch flying taxis by 2025 with support from Toyota Motor Corporation (NYSE:TM) and Delta Air Lines, Inc. (NYSE:DAL), aiming to offer commutes from downtown Manhattan to JFK Airport in under seven minutes. The company's eVTOLs are backed by $400 million from Toyota and $60 million from Delta. The FAA suggests a competitive air taxi market might be more realistic by 2028. Joby's stock is trading lower in the premarket session, and investors can also gain exposure through ALPS Clean Energy ETF (NYSE:ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN).

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 1:19 pm

BTTR

Better Choice Company (BTTR) has announced the authorization of a $5M stock repurchase program, signaling confidence in the company's future prospects and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:16 pm

TRNO

Terreno Realty has expanded its portfolio by acquiring a property in Alexandria, VA, for $84.3 million, indicating a strategic move to strengthen its presence in a key market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:15 pm

NKE

Nike's (NYSE:NKE) short percent of float has increased by 4.55% since the last report, with 17.92 million shares sold short, representing 1.84% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Nike's short interest is below its peer group average of 7.47%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:15 pm

XPO

XPO Logistics, Inc. (NYSE:XPO) has seen a 3.16% increase in its short percent of float since the last report, with 4.97 million shares sold short, representing 4.9% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. XPO's short interest is higher than its peer group average of 4.56%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:15 pm