Streetbeat News

Stock Prices

REPX

Riley Exploration Permian (AMEX:REPX) announced a quarterly dividend of 36 cents per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday, which means it will likely open 36 cents lower. Shareholders owning the stock by the end of Tuesday will receive the dividend on February 08, 2024.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:45 pm

CCTG

Shares of CCSC Technology International Holdings Limited were halted due to a circuit breaker after rising 7.49%. The halt is a mechanism to prevent excessive volatility in the stock market.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:43 pm

ACI

PRDO

SANW

SENEB

The article lists 5 value stocks in the consumer defensive sector with low P/E ratios, indicating potential undervaluation. The stocks are Perdoceo Education (PRDO), iHuman (IH), S&W Seed (SANW), Seneca Foods (SENEB), and Albertsons Companies (ACI). All companies have experienced an increase in earnings per share this quarter. Albertsons also reported a slight decrease in dividend yield. The selection was made by Benzinga Insights using quantified analysis.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:40 pm

BVN

CBT

CLW

VALE

Benzinga Insights has identified five value stocks in the basic materials sector based on low P/E ratios, indicating potential undervaluation. The stocks include Clearwater Paper (CLW), ArcelorMittal (MT), Vale (VALE), Compañía de Minas (BVN), and Cabot (CBT). The article provides recent earnings per share data and dividend yield changes for these companies, suggesting their financial performance and shareholder returns.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:39 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) reported Q4 FY23 sales of $2.167 billion, surpassing consensus estimates of $2.16 billion. Interest income rose 28% Y/Y to $2.655 billion, while net interest income fell 10% Y/Y to $1.42 billion due to deposit mix shifts and deposit repricing dynamics. Net interest margin decreased by 50 bps Y/Y to 2.85%. Provision for credit losses was down 69% Y/Y at $55 million. Adjusted EPS was $0.99, beating estimates of $0.85. The CET1 capital ratio improved to 10.29% from 9.28% Y/Y, and net charge-offs were $96 million. The bank opened 19 new branches and saw a 3% growth in consumer households compared to the previous year. FITB shares rose 1.27% to $33.66.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 2:38 pm

AMD

HPE

ISRG

JNPR

META

NVDA

PANW

AI stocks have been leading gains in the S&P 500 index in January, with Juniper Networks, Nvidia, and Palo Alto Networks among the top performers. Juniper Networks received a $14 billion takeover offer from Hewlett Packard Enterprise, Nvidia continued its strong performance with a 15% gain in January, and Palo Alto Networks saw a 14% increase. Nvidia's technology and market share in AI GPUs, including a large purchase by Meta Platforms, positions it well for 2024. Palo Alto Networks is also favored by analysts for its role in cybersecurity against AI-powered threats. Other notable companies include AMD with a 10.3% gain and Intuitive Surgical, also up by 10.3%, both benefiting from the AI trend.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 2:37 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $42,000 mark and Ethereum trading below $2,500. The global crypto market cap decreased by 2.5% to $1.63 trillion. Render was the top gainer, while Sui was the biggest loser among cryptocurrencies over the past 24 hours. Other notable gainers include Celestia, Chainlink, Maker, and BNB, while Helium, Akash Network, Terra Classic, and Ethereum Name Service were among the top losers.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 2:34 pm

ADMQ

TLRY

VTAK

Insiders at Catheter Precision, ADM Endeavors, and Tilray Brands have recently purchased shares of their respective companies, signaling potential confidence in their company's prospects. Catheter Precision's VIVO System was featured in a case study, ADM Endeavors' stock has risen 38% over the past month, and Tilray Brands entered into an agreement with Double Diamond Holdings.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 2:33 pm

AAL

DAL

JBLU

LUV

SAVE

UAL

Spirit Airlines (SAVE) is urging JetBlue (JBLU) to appeal a federal judge's decision that blocked their $3.8 billion merger, which could have created the fifth-largest US carrier. The ruling, favoring antitrust regulators, has led to a significant drop in Spirit's shares. Despite the setback, Spirit's Q4 2023 revenue is expected to be at the high end of guidance, and the company is looking to refinance debt. Shares of SAVE and JBLU have risen on the latest update.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 2:33 pm

MULN

Mullen Automotive has announced that Bollinger Motors, which it owns, has received orders for 40 B4, Class 4 electric trucks. The orders are valued at approximately $6 million.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:31 pm