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CUT

DITHF

WOOD

International Paper Company (NYSE:IP) is considering a secondary listing on the London Stock Exchange as part of its proposed combination with DS Smith plc (OTC:DITHF). The combination is expected to generate significant synergies, with pre-tax cash synergies of at least $514 million annually by the fourth year. This move is seen as a strategic effort to strengthen International Paper's packaging businesses in North America and Europe, and is expected to be immediately accretive to EPS. Investors can also gain exposure to International Paper through IShares Global Timber & Forestry ETF (NASDAQ:WOOD) and Invesco MSCI Global Timber ETF (NYSE:CUT).

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 4:36 pm

SPWH

Sportsman's Warehouse Holdings' shares surged following the announcement of their Q4 earnings per share (EPS) results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:35 pm

TCBP

TC BioPharm's stock is trading higher following the announcement of a non-binding letter of intent, which is part of its M&A strategy to expand its therapeutic platform and leverage NK cells for treating solid tumors and other indications.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:34 pm

GIL

HBI

Hanesbrands shares experienced an uptick in trading volume following a Bloomberg report suggesting that Gildan is considering acquiring the company. This news has sparked interest among traders, leading to increased activity in Hanesbrands' stock.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:34 pm

ULTA

Ulta Beauty's shares are trading higher as they recover from a decline on Wednesday due to a weak financial outlook. Oppenheimer has maintained its Outperform rating on Ulta Beauty but reduced its price target from $600 to $500.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:32 pm

MMM

SOLV

Solventum shares are trading higher after its recent spinoff from 3M, indicating positive market reception.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:31 pm

ABLV

HWH

PARA

In Thursday's intraday session, several Communication Services stocks experienced significant movements. HWH International, TuanChe, Leafly Holdings, and Treasure Global were among the gainers, with HWH International leading with a 48.4% increase. Conversely, Able View Global, Hanryu Holdings, MediaCo Holding, Paramount Global, Oriental Culture Holding, and Onfolio Holdings were among the losers, with Able View Global experiencing a 13.2% decline.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 4:31 pm

ACHL

CADL

EFTR

TCBP

Health care stocks experienced significant movements in Thursday's intraday session. Candel Therapeutics, TC BioPharm, Eiger BioPharmaceuticals, Macrogenics, Barinthus Biotherapeutics, and Curis saw notable gains, with increases ranging from 24.62% to 64.3%. Conversely, eFFECTOR Therapeutics, Achilles Therapeutics, Inotiv, Universe Pharmaceuticals, Kintara Therapeutics, and Carmell faced declines, with decreases ranging from 12.85% to 80.2%. The movements were attributed to various factors, including earnings releases and market dynamics.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 4:31 pm

DKNG

DraftKings shares are trading higher, potentially due to increased betting activity during the NCAA Tournament.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:31 pm

Over the past 20 years, General Dynamics (NYSE:GD) has produced an average annual return of 9.69%, outperforming the market by 1.74% on an annualized basis. A $1000 investment in GD 20 years ago would be worth $6,295.41 today. General Dynamics currently has a market capitalization of $80.68 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 4:31 pm