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TXT

Textron's stock is trading higher following the announcement of Q4 adjusted EPS results that surpassed expectations. Additionally, the company's adjusted EPS guidance for continuing operations was reported to be above analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:12 pm

CNXA

Connexa Sports Technologies Inc. has entered into securities purchase agreements with three investors for the sale of common stock shares and pre-funded warrants, totaling approximately $16.5 million. The pre-funded warrants are exercisable upon stockholder approval under Nasdaq rules. The investors also agreed to vote in favor of resolutions that would allow a change in control and increase shares for the company's incentive plan.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:11 pm

SUGP

Trading for the IPO security SUGP was halted but has now resumed as of 10:10:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:10 pm

SPRC

SciSparc shares experienced a trading halt due to a circuit breaker after resuming trade, this time halting due to a downside movement. Despite this, the stock is currently up 69.1%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:09 pm

ASML

FHN

HRTX

KURA

NFLX

PGR

TXT

Textron Inc. reported higher-than-expected adjusted earnings of $1.60 per share, surpassing estimates of $1.54 per share, but slightly missed revenue expectations with $3.89 billion against the anticipated $3.95 billion. The company's shares rose 6% following the announcement. Other stocks also moved higher, with notable gains from Kura Oncology after a $150 million private placement, Heron Therapeutics on FDA approval, Netflix with strong sales, and ASML Holding with positive financial results and guidance. Progressive Corporation also rose after reporting financial results, and First Horizon Corporation gained following an upgrade by UBS and a stock repurchase plan.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 3:08 pm

MMM

Wells Fargo analyst Joe O'Dea has maintained an Equal-Weight rating on 3M (NYSE:MMM) but has reduced the price target from $112 to $105.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:08 pm

TSLA

Tesla, Inc. (TSLA) is set to release its Q4 earnings after market close on January 24, 2024. Analysts predict earnings of 74 cents per share, a decrease from $1.19 per share in the previous year, and revenue of $25.59 billion, up from $24.32 billion. Tesla is also rolling out version 12 of its FSD software to non-employee drivers. Ahead of the earnings call, analysts from Wedbush, Deutsche Bank, Goldman Sachs, Truist Securities, and Jefferies have provided ratings and price targets for TSLA, with various levels of accuracy.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 3:08 pm

A

Agilent Technologies (NYSE:A) is distributing a dividend of $0.24 per share today, with an annualized yield of 0.85%. The dividend went ex-dividend on December 29, 2023. The company has shown a consistent increase in dividends per share from $0.73 in 2020 to $0.91 in 2023, and earnings per share have grown from $3.28 to $5.45 over the same period. This indicates a strong financial position and the potential for future dividend increases, making it attractive to income-seeking investors.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm

ADTN

CSCO

Cisco Systems (NASDAQ:CSCO) is paying a dividend of $0.39 per share on January 24, 2024, with an annualized yield of 2.93%. Shareholders as of January 03, 2024, are eligible. Cisco's dividend has grown from $1.44 in 2020 to $1.56 in 2023, and earnings per share have increased from $3.12 to $4.13 over the same period, indicating financial health and potential for continued dividend growth. Adtran (NASDAQ:ADTN) has the highest dividend yield in the industry at 5.12%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm

IDCC

InterDigital (NASDAQ:IDCC) has declared a dividend of $0.40 per share with an annualized yield of 1.59%, payable on January 24, 2024, to shareholders of record as of January 10, 2024. The company has shown a positive trend with an increase in dividend per share from $1.40 to $1.50 and a significant growth in earnings per share from $1.92 to $8.72 from 2020 to 2023. This suggests a strong financial health and potential for future dividend increases, making it attractive to income-seeking investors.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 3:05 pm