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ATI

Over the past 5 years, ATI (NYSE:ATI) has outperformed the market with an annualized return of 15.39%, turning a $100 investment into $200.47. The company's market capitalization stands at $6.45 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 9:31 pm

CNS

KAMN

Cohen & Steers (CNS) will join the S&P SmallCap 600, replacing Kaman (KAMN), effective before trading opens on April 23. This change follows Arcline Investment Management LP's acquisition of Kaman, with the deal expected to close on April 19, pending final conditions.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:19 pm

WAL

Western Alliance Bancorporation (NYSE:WAL) reported Q1 earnings of $1.60 per share, missing estimates by 3.61%, and a 30.43% decrease from last year. However, quarterly sales of $728.8 million exceeded estimates by 4.56%, marking a 32.05% increase year-over-year. The company saw a return on tangible common equity of 14.5% and a tangible book value per share increase of 13.8% to $47.30. CEO Kenneth A. Vecchione highlighted strong results, significant deposit growth, and a reduced loan-to-deposit ratio.

Portfolio Pulse from Erica Kollmann

April 18, 2024 | 9:10 pm

FYBR

Frontier Communications Parent Inc (NASDAQ:FYBR) disclosed a cyberattack on April 14, causing operational disruptions and after-hours stock decline. The company has contained the incident and is restoring operations, not expecting a material impact on financial results.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 9:09 pm

CGC

Canopy Growth's stock trades lower following the announcement that CBI exchanged 17,149,925 of its common shares for exchangeable shares at no consideration.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 9:05 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has outperformed the market with an annualized return of 12.05%, turning a $100 investment into $980.84. The company's market capitalization stands at $110.13 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 9:01 pm

EDV

TLT

The IMF's April 2024 Global Financial Stability report highlights concerns over a small group of hedge funds' significant control over the U.S. Treasury futures market, potentially posing systemic risks. Leveraged hedge funds have increased short positions in Treasury futures, exploiting price discrepancies and using borrowed money, raising financial stability concerns. The concentration of leverage and control in the market is significant, with a few funds holding substantial positions. The U.S. Treasury bond performance has been weak, with the iShares 20+ Year Treasury Bond ETF (TLT) and the Vanguard Extended Duration Treasury ETF (EDV) experiencing declines. The IMF also forecasts a rising U.S. debt-to-GDP ratio, reaching 134% by 2029.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 8:57 pm

OCFC

OceanFirst Financial (NASDAQ:OCFC) reported Q1 adjusted earnings of $0.44 per share, surpassing the $0.41 estimate, but saw a 20% decrease from last year's $0.55. Sales of $86.22M fell short of the $87.40M estimate and dropped 12.73% from $98.80M a year ago.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:55 pm

GBCI

Glacier Bancorp (NYSE:GBCI) reported Q1 earnings of $0.29 per share, missing the consensus estimate of $0.33, a 47.27% decrease from last year's $0.55. Sales were $166.48M, below the $171.55M estimate, marking a 10.59% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:50 pm

HTH

Hilltop Holdings (HTH) reported Q1 sales of $103.62M, missing the consensus estimate of $109.53M by 5.39%, marking a 14.86% decrease from last year's $121.70M.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:47 pm