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ON

The analysis of ON Semiconductor (NASDAQ:ON) compared to its competitors in the Semiconductors & Semiconductor Equipment industry reveals potential undervaluation based on its PE, PB, and PS ratios. Despite a high ROE indicating strong profitability, concerns arise from its low EBITDA, gross profit, and negative revenue growth. The company's lower debt-to-equity ratio suggests a stronger financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 4:00 pm

SPY

UNG

USA gasoline inventories experienced a draw of 0.294 million barrels, compared to the estimated draw of 2.113 million barrels and a prior draw of 3.658 million barrels.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:00 pm

SPY

UNG

USO

The EIA reported a weekly distillates stock draw of 4.009 million barrels, significantly higher than the estimated draw of 1.739 million barrels and the previous week's draw of 1.915 million barrels.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:00 pm

SPY

USO

USA crude oil inventories increased by 3.514 million barrels, which is less than the estimated build of 3.879 million but significantly higher than the previous build of 12.018 million barrels. This indicates a slowdown in inventory accumulation.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:00 pm

AMP

Ameriprise Financial (NYSE:AMP) has delivered an average annual return of 14.14% over the past 10 years, outperforming the market by 3.57% annually. A $100 investment in AMP a decade ago would be worth $372.73 today. The company's current market capitalization stands at $39.62 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 4:00 pm

RTNTF

Rio Tinto (OTCPK: RTNTF) has received board approval for the $20 billion Simandou iron ore project in Guinea, set to be the world's largest mining project. The project, aiming for a 2025 production start, is expected to add 5% to the global seaborne supply and create 45,000 jobs. It involves collaboration with the Guinean government, China's Chalco Iron Ore Holdings, and other partners. The project emphasizes environmentally friendly steelmaking and has already seen $11.6 billion invested by Rio Tinto.

Portfolio Pulse from Stjepan Kalinic

February 22, 2024 | 3:48 pm

LUMN

Lumen Technologies (NYSE:LUMN) has seen a 7.74% increase in its short percent of float, reaching 16.56% of all shares available for trading. With 146.67 million shares sold short, it would take about 8.05 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards LUMN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, LUMN has a significantly higher short interest, with the peer group average at 4.16%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:45 pm

MRVL

Marvell Tech (NYSE:MRVL) has seen a 16.13% increase in its short percent of float since the last report, with 23.72 million shares sold short, representing 3.24% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 3.42%. The article suggests monitoring short interest as it can reflect market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:45 pm

MAR

Marriott Intl's (NYSE:MAR) short interest has decreased by 11.36% since the last report, with 5.35 million shares sold short, representing 2.42% of its float. This decrease in short interest could indicate a more bullish sentiment towards MAR compared to its peers, where the average short interest as a percentage of float is 5.61%. The article suggests monitoring short interest as it can reflect market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 3:45 pm

SPY

Fed's Jefferson highlighted that household balance sheets have weakened but expects them to normalize over time, reducing their impact on consumption.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:32 pm