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SPGI

S&P Global (NYSE:SPGI) has announced a 1.1% increase in its regular quarterly cash dividend, raising it from $0.90 to $0.91 per share. This marks the company's continued tradition of paying dividends annually since 1937 and increasing them for at least 51 consecutive years. The new dividend will be payable on March 12, 2024, to shareholders of record as of February 27, 2024, resulting in an annualized dividend rate of $3.64 per share.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:28 pm

ALK

SPR

FAA Administrator Mike Whitaker has indicated that the investigation into the Alaska Airlines blowout is centered on Boeing's quality control processes. While the design of the 737 Max 9's door plug is considered adequate when properly implemented, the focus is now on Boeing's quality assurance and control measures.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:09 pm

Morgan Stanley (NYSE:MS) has delivered an average annual return of 15.18% over the past 5 years, outperforming the market by 2.26% on an annualized basis. A $100 investment in MS stock 5 years ago would be worth $201.14 today. The company's current market capitalization stands at $140.46 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:07 pm

MSFT

Truist Securities analyst Joel Fishbein has reiterated a Buy rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $600.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:00 pm

TROW

T. Rowe Price Gr Inc. (NASDAQ:TROW) shares are trading at $111.22, with a recent 0.52% increase. Over the past month, the stock slightly rose by 0.10%, but it has fallen by 6.72% over the past year. The P/E ratio of TROW is lower than the Capital Markets industry average, which could suggest that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:00 pm

WTI

Stifel analyst Derrick Whitfield has maintained a Buy rating on W&T Offshore (NYSE:WTI) and increased the price target from $7.6 to $7.9.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:58 pm

IFNNF

WOLF

Wolfspeed, Inc. (NYSE:WOLF) stock rose over 7% after announcing the expansion and extension of their long-term silicon carbide wafer supply agreement with Infineon Technologies AG (OTC:IFNNF). The agreement, which was initially signed in February 2018, now includes a multi-year capacity reservation. Infineon's CEO emphasized the importance of securing a high-quality, long-term supply base for silicon carbide devices to strengthen supply chain resilience.

Portfolio Pulse from Ryan Gustafson

January 23, 2024 | 7:57 pm

ABT

BDX

BSX

MDT

NARI

PHG

SYK

TFX

TRUMF

TRUMY

Needham initiated coverage on Inari Medical Inc (NARI) with a Buy rating and a price target of $72, citing its leadership in the venous thrombectomy market and potential as an acquisition target. Inari Medical's products, FlowTriever and ClotTriever, target markets with a combined TAM of $5.8 billion. The company was also noted for its robust gross margin, double-digit revenue growth, and recent acquisition of LimFlow SA. Potential acquirers include major medical technology firms like Abbott Laboratories, Becton, Dickinson and Co, Boston Scientific, Medtronic, Philips, Stryker, Teleflex, and Terumo. Inari Medical's shares are considered attractively valued, trading at a premium compared to peers.

Portfolio Pulse from Vandana Singh

January 23, 2024 | 7:56 pm

TPL

Stifel analyst Derrick Whitfield has maintained a Hold rating on Texas Pacific Land (NYSE:TPL) but has reduced the price target from $1558 to $1414.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:46 pm

FNGG

NFLX

Netflix, Inc (NASDAQ:NFLX) is set to release its Q4 earnings after market close on Tuesday. The stock has been trading flat, mirroring the S&P 500's sideways movement. Netflix's Q3 results exceeded expectations, causing a 16% stock surge the next day. Analysts predict Q4 earnings of $2.22 per share on revenues of $8.719 billion. Technical analysis shows Netflix's stock in a neutral position but in an uptrend on the daily chart. Options traders face increased risk due to higher premiums from implied volatility. The Direxion Daily NYSE FANG+ Bull2X Shares (NYSE:FNGG), which includes Netflix as its seventh-largest holding, is an option for traders looking to leverage their position. However, leveraged ETFs are recommended for short-term trading rather than long-term investments.

Portfolio Pulse from Melanie Schaffer

January 23, 2024 | 7:41 pm