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CL

Colgate-Palmolive Company (NYSE:CL) announced a 4% increase in its quarterly common stock cash dividend to 50 cents per share, effective in Q2 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22. The annualized dividend rate is now $2.00, up from $1.92. In January, Colgate projected FY24 net sales growth of 1%-4%, including a slight negative impact from foreign exchange, and organic sales growth of 3%-5%. The company also expects non-GAAP gross profit margin expansion, increased advertising investment, and mid to high-single-digit EPS growth. CL shares closed down 0.95% at $88.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 11:50 am

RLX

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

GRPN

Groupon's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

MSFT

TSLA

Gary Black, a Future Fund manager, highlighted the challenges in valuing Tesla Inc.'s Optimus humanoid robot project due to increasing competition, notably from Figure AI's robot powered by Microsoft Corp.-backed OpenAI. Black's conservative valuation approach contrasts with Ark Invest's Cathie Wood, who includes Tesla's AI projects in her valuations. Tesla's Optimus project is under development, aiming to create robots capable of intricate tasks, but still faces significant development hurdles.

Portfolio Pulse from Rounak Jain

March 15, 2024 | 11:47 am

JBL

Jabil Inc. (JBL) reported Q2 adjusted EPS of $1.68, surpassing the $1.66 estimate, but experienced a 10.64% decrease from last year's earnings. Sales reached $6.77B, missing the $6.89B estimate and marking a 16.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:46 am

PBF

B of A Securities analyst Doug Leggate upgraded PBF Energy (NYSE:PBF) from Neutral to Buy and increased the price target from $52 to $74, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:43 am

PALT

Paltalk (NASDAQ:PALT) reported a 40% improvement in its quarterly EPS, moving from a loss of $(0.05) per share last year to $(0.03) this year. However, its quarterly sales saw a slight decrease of 3.69%, from $2.79 million last year to $2.69 million.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:37 am

SNGX

Soligenix (NASDAQ:SNGX) reported a smaller than expected quarterly loss of $(0.79) per share, beating the $(0.82) estimate, and sales of $800.00K, slightly above the $797.50K estimate. This represents an 83.58% improvement in losses and an 11.11% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:36 am

STLA

Stellantis shares experienced an increase in trading volume and price after Piper Sandler initiated coverage on the company with an Overweight rating and set a price target of $39.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:33 am

ISRG

Intuitive Surgical's shares surged following the announcement that the FDA has cleared its da Vinci 5 surgical system. This regulatory approval marks a significant milestone for the company, potentially expanding its market share and reinforcing its position in the robotic surgical systems market.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:32 am