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ATMU

CMI

Atmus is offering an exchange of 12.0298 shares of its common stock for each share of Cummins common stock accepted in the exchange offer. This strategic move could significantly impact the stock values of both companies in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:41 pm

WSM

Williams-Sonoma, Inc. (NYSE:WSM) exceeded Q4 earnings expectations with a per-share earnings of $5.44 against estimates of $5.12, and sales of $2.28 billion versus the expected $2.23 billion. The company announced a 26% dividend increase and a new $1 billion stock repurchase program. FY24 revenue growth is projected between -3% to +3%. Following the earnings report, shares surged 17.8%. Analysts from Baird, Telsey Advisory Group, and Goldman Sachs adjusted their price targets and ratings for WSM.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:39 pm

UAA

Evercore ISI Group analyst Michael Binetti downgraded Under Armour (NYSE:UAA) from In-Line to Underperform and reduced the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:39 pm

C

Citigroup's stock is experiencing an uptick following an upgrade from Neutral to Buy by Goldman Sachs. This endorsement by a prominent investment bank suggests a positive outlook on Citigroup's financial performance and potential for growth, making it an attractive option for investors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:37 pm

ATNF

180 Life Sciences Corp. (ATNF) has regained full compliance with Nasdaq's minimum bid price requirement for continued listing, as its stock price closed at or above $1.00 per share for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:36 pm

RSP

SPY

UUP

U.S. Producer Price Index (PPI) for February rose by 0.6% month-over-month, surpassing expectations and January's 0.3% increase, signaling potential inflationary pressures. Annual PPI also exceeded forecasts at 1.6%. Core PPI, excluding food and energy, rose by 0.3% monthly and 2% annually, both above expectations. This data follows a consumer inflation report exceeding forecasts, challenging Federal Reserve's rate policy adjustments. Market reactions included a slight increase in 2-year yields and the Invesco DB USD Index Bullish Fund ETF (UUP), while futures on major U.S. indices trimmed gains.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 12:34 pm

BTCUSD

Samson Mow, a notable figure in the cryptocurrency industry, predicts Bitcoin (BTC) will reach $1 million soon, citing high demand, the upcoming Bitcoin halving event, and capital influx into Bitcoin ETFs as key drivers. Mow's forecast aligns with a bullish trend in Bitcoin, with its price reaching new highs and increased interest from Wall Street. However, economist Peter Schiff expresses skepticism about the halving event's impact on Bitcoin's supply.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 12:34 pm

HSON

Hudson Global (NASDAQ:HSON) reported Q4 adjusted EPS of $0.04, missing the $0.20 estimate, and sales of $33.97M, missing the $38.02M estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:34 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) successfully launched and deployed its LizzieSat satellite as part of SpaceX's Transporter-10 Rideshare mission. The company confirmed receiving multiple signals from LizzieSat, indicating a successful deployment to low Earth orbit.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:33 pm

IYR

SHW

VLO

On CNBC's 'Halftime Report Final Trades,' experts highlighted Sherwin-Williams (SHW), iShares U.S. Real Estate ETF (IYR), and Valero Energy (VLO). Sherwin-Williams reported Q4 revenue and EPS above consensus, with an FY24 EPS forecast slightly below analyst expectations. Valero Energy's Q4 revenue missed consensus but exceeded EPS expectations and announced a dividend increase. Both SHW and IYR shares fell, while VLO shares rose.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:33 pm