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HBI

HanesBrands Inc. is nearing the end of the sale process for its Champion brand, with bids due by February 21. Goldman Sachs & Co. and Evercore are managing the sale. Potential buyers include Authentic Brands Group, Marquee Brands, WHP Global, and G-III Apparel Group. Despite a 19% decline in Champion's sales last quarter, interest remains due to the brand's strong consumer resonance. HanesBrands faced pressure from Barington Capital Group and is looking to turn around Champion's performance.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:56 pm

ANSS

CVS

GILD

QQQ

REGN

SNPS

SPY

Marc Chaikin, CEO of Chaikin Analytics, believes the 'buy everything' market sentiment is over due to the Federal Reserve's stance on interest rates. He predicts a stock picker's market for 2024, with a bullish outlook on stocks, particularly in the tech and biotech sectors. Synopsys (SNPS) is highlighted for its merger with Ansys (ANSS) and its potential value despite recent share price declines. Chaikin also sees opportunities in biotech companies like Gilead Sciences (GILD) and Regeneron Pharmaceuticals (REGN), as well as CVS Health Corp (CVS).

Portfolio Pulse from Neil Dennis

January 18, 2024 | 8:54 pm

ALK

Boeing Company (NYSE:BA) faces increased scrutiny after U.S. Secretary of State Antony Blinken had to switch from a modified Boeing 737 due to an oxygen leak. This follows a January 5 incident involving an Alaska Air Group Inc (NYSE:ALK) flight where a Boeing 737 had a door plug blow out. The series of setbacks has led to a significant decline in net trust for Boeing, with a recent survey showing a 12 percentage point drop since December. Boeing's stock is currently trading at $211.92, down 19% year-to-date in 2024.

Portfolio Pulse from Chris Katje

January 18, 2024 | 8:53 pm

SAVE

Spirit Airlines has announced that it is neither pursuing nor involved in any statutory restructuring, according to a Reuters report. This clarification comes amidst market speculations that may have suggested otherwise.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:46 pm

CSWC

Capital Southwest Inc. (NASDAQ:CSWC) stock is currently at $25.30, down 0.35% in the current session but up 8.67% over the past month and 36.37% over the past year. The company's P/E ratio of 13.72 is lower than the Capital Markets industry average of 20.25, which could indicate that the stock is undervalued or that shareholders expect less future growth.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 8:45 pm

OKE

ONEOK, Inc. has announced a new $2 billion share repurchase program and has increased its quarterly dividend, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:41 pm

DIS

DKNG

PDYPY

A bettor placed a $10 parlay bet with FanDuel, owned by Flutter Entertainment (OTC:PDYPY), on four league championships. With three wins secured, the bettor could win $24,592.90 if the Baltimore Ravens win Super Bowl LVIII. The bettor has the option to cash out now for $4,350.30 or let it ride. The Ravens, favored by DraftKings Inc (NASDAQ:DKNG), play the Texans in the NFL Divisional Round, broadcast by The Walt Disney Company (NYSE:DIS) networks.

Portfolio Pulse from Chris Katje

January 18, 2024 | 8:24 pm

JBHT

J.B. Hunt Transport Services has announced an increase in its quarterly dividend from $0.42 to $0.43 per share.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:18 pm

CRSR

Corsair Gaming Inc. (NASDAQ:CRSR) saw a 2.16% increase in its stock price to $13.25 in the current market session. Despite this, CRSR's stock has fallen by 9% over the past month and 8.12% over the past year. The company's P/E ratio of 118.0 is significantly higher than the industry average of 26.25, suggesting that the stock might be overvalued compared to the Technology Hardware, Storage & Peripherals industry.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 8:15 pm

AMZN

GOOG

GOOGL

Google Cloud is reportedly closing in on Amazon Web Services (AWS) in terms of revenue per employee, indicating improved efficiency and competitiveness in the cloud computing market. This could signal Google Cloud's growing ability to leverage its workforce to generate revenue, potentially narrowing the market share gap with AWS over time.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 8:14 pm