You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Friday! If you’re going off of recent stock moves, the best way to increase share price isn’t through good earnings reports. It’s not through announcing new partnerships. It’s not through growing revenue. The best strategy? All you have to do is announce a new CEO! Plus, three healthcare stocks that are paying dividends of more than 3%.

—Aaron Bry

Plus, check out the innovative medical company making its debut on the NASDAQ.

MARKET SNAPSHOT

Yesterday: What a day. All major indices closed in the green as the market digested the Fed’s 50 bps cut. Tech was your leader on the day, with stocks like Apple, Tesla and NVIDIA each closing up more than 3%.

On Our Radar: Triple witch day! Options and futures contracts expire today which could lead to some extra volatility, so buckle up!

TOP STORY

Nike's New CEO Elliott Hill To Focus On Repairing Retailer Relations

Basically: Nike Inc has appointed company veteran Elliott Hill as its new CEO, aiming to rejuvenate sales by mending ties with retailers.

What Happened: Hill’s appointment comes as John Donahoe steps down after a tenure focused on direct-to-consumer sales. This strategy, which emphasized selling through Nike’s stores and website, faced criticism for sidelining retail partners like Foot Locker and Macy’s, Reuters reported on Friday. The market clearly likes the move, with Nike’s stock soaring higher on the announcement.

PRESENTED BY SBC MEDICAL GROUP

SBC Medical Group Holdings (NASDAQ: SBC) Claims First-Mover Advantage In Medical Services Franchise Model, Debuts On Nasdaq

SBC (Nasdaq: SBC) provides quality comprehensive management services to medical corporations in Japan and beyond. By handling tasks ranging from administrative to marketing to information technology (IT), SBC frees up the time and capacity of medical professionals so they can focus on what they do best – patient care.

The company, which has been expanding its footprint into Vietnam and U.S. markets, has adopted a franchisee/franchisor model whose success has been proven in other sectors of the economy, potentially making it an attractive bet for some investors. With a balance sheet that includes growing revenue, net income and liquidity, SBC Medical made its debut on the Nasdaq on September 18, giving retail investors an opportunity to participate in its growth story.

FIVE ZINGERS

No Funeral For This Viking: Jim Cramer says that the Viking Therapeutics story isn’t dying anytime soon. Here’s why.

Ehhh, Maybe Not: One analyst is changing their mind on PepsiCo. And here are some other big downgrades for the day.

Oh, Ship: FedEx shares are getting hammered after the delivery giant reported worse-than-expected earnings. And it could be bad news for the overall market.

‘Tis The Season: Well, not quite. But Macy’s and other large retailers are already gearing up for holiday season, hiring thousands of new workers.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Wall Street's Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 3% Dividend Yields

Basically: During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

So: Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here are three analyst-loved healthcare stocks that pay a dividend.

PRESENTED BY BENZINGA

Get 3 New Stocks To Trade Every Sunday 
And Never Run Out Of Profitable Ideas

You can now access Benzinga's Insider Report to get a head start on the markets. Every Sunday, you'll receive deep research into the upcoming week and potential events that might drive the markets. You'll also get 3 new trade ideas — straight from our seasoned Wall Street veterans. Click here to get access now and transform your trading from this Sunday onwards

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.