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BHP

Elliott Investment Management has acquired a $1 billion stake in UK-listed miner Anglo American Plc, now among its top 10 shareholders. This move comes as Anglo American received a takeover approach from BHP Group Ltd., an Australian mining giant. The stake was accumulated over recent months by the activist hedge fund led by Paul Singer.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:28 pm

APP

The correct ticker symbol for AppLovin is 'APP', not 'APPF' as may have been previously mentioned.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:28 pm

ACMR

ACM Research shares are trading lower following the announcement of Q1 preliminary unaudited revenue and shipments.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:26 pm

ALV

Autoliv shares experienced an increase in trading following a report of earnings that exceeded expectations for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:26 pm

VC

Visteon Corporation reported Q1 earnings below expectations with adjusted earnings of $1.61 per share against the expected $1.68 and sales of $933 million versus the estimated $977.869 million. Despite the weak earnings, Visteon maintained its 2024 full-year sales guidance of $4.0 to $4.2 billion. Following the earnings announcement, Wells Fargo raised its price target from $106 to $108 and upgraded the stock to Equal-Weight, while Baird reduced its price target from $140 to $137 but maintained an Outperform rating. Visteon shares dropped 1.3% to close at $109.66.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:25 pm

CVX

Chevron Corp (NYSE:CVX) reported a Q1 2024 revenue of $48.716 billion, a 4.1% decrease YoY, missing expectations. Despite this, net oil-equivalent production increased, and adjusted net earnings beat consensus. U.S. Upstream earnings rose, while international upstream and downstream earnings fell. CVX returned $6 billion to shareholders and declared a quarterly dividend of $1.63 per share. Operating cash flow and cash reserves were reported, with CVX shares trading lower by 0.89% in premarket.

Portfolio Pulse from Akanksha Bakshi

April 26, 2024 | 12:25 pm

ICLK

Trading for ICLK was halted and then resumed at 8:25 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:25 pm

WDC

Western Digital's stock (WDC) is trading higher after the company reported its Q3 earnings, leading to an upgrade from Hold to Buy by Benchmark.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:24 pm

GOOG

SLCA

SNAP

Snap Inc. (SNAP) shares surged 31% following better-than-expected Q1 results and optimistic Q2 revenue guidance, alongside a rise in daily active users. U.S. Silica Holdings (SLCA) shares increased by 21% after Q1 financial results and an acquisition announcement by Apollo funds. Alphabet Inc. (GOOG) shares rose 16% after a board authorization for an additional $70B share repurchase and multiple firms upgrading their price targets.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:24 pm

TEX

Terex Corporation's shares surged following the announcement of its Q1 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:23 pm