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BRFS

BRF shares are trading higher following an upgrade from JP Morgan, moving from Neutral to Overweight.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:16 pm

CTRM

Castor Maritime has regained compliance with the Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:16 pm

ESLT

Shares of Elbit Systems, an Israel-based defense company, experienced an increase in trading following an attack by Iran on Israel over the weekend.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:15 pm

NVAX

Novavax Inc (NASDAQ:NVAX) shares rose after Shah Capital Management disclosed a 6.66% stake and nominated two directors for its board, criticizing the company's performance and suggesting strategic changes to improve business and share price.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 1:14 pm

TRNS

Transcat, Inc. (NASDAQ:TRNS) has acquired Becnel Rental Tools LLC for $50M, aiming to expand its higher margin rental business. The acquisition, paid with $32.5M in company stock and $17.5M in cash, brings Becnel's expertise in rental tools for oil well decommissioning and maintenance into Transcat's portfolio. This move is expected to enhance Transcat's gross and EBITDA margins, offer cross-selling opportunities, and support future growth in the decommissioning sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:13 pm

MOH

Molina Healthcare's stock is trading lower following the announcement of the Statewide Medicaid Managed Care Program awards in Florida, from which the company was reportedly excluded.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:12 pm

DRH

DiamondRock Hospitality (NYSE:DRH) announced leadership changes including Jeffrey Donnelly as CEO, Briony Quinn as CFO, and Justin Leonard as President, effective immediately. These appointments aim to capitalize on DiamondRock's talent and drive business momentum. The company also reaffirmed its 2024 annual guidance, previously announced on February 22, 2024. The changes reduce the executive team from six to four members and are part of a strategy to simplify the organizational structure and align more closely with business needs.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:11 pm

SPY

Federal Reserve Bank of New York President John Williams indicated that the Federal Reserve is likely to start lowering interest rates this year, contingent on the continued gradual decrease of inflation. Williams expressed confidence in the current state of monetary policy, highlighting the enduring strength of consumers.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:09 pm

JPM

JPMorgan Chase & Co. reported better-than-expected Q1 earnings with net revenue of $42.5 billion and EPS of $4.63, surpassing consensus estimates. Despite positive results, shares fell 6.5% after the announcement. Analysts from Oppenheimer and BMO Capital adjusted their price targets slightly downwards. The company remains cautious about future economic uncertainties, including geopolitical tensions and inflationary pressures.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 1:07 pm

SATL

Satellogic Inc (NASDAQ:SATL) shares surged after announcing its subsidiary, Nettar Group, Inc., entered a note purchase agreement with Tether Investments Limited for $30 million in floating rate secured convertible promissory notes. The deal, which could expand to $50 million, aims to support Satellogic's mission to democratize geospatial data access. SATL shares rose 15.7% to $1.76 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 1:05 pm