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GOEV

Canoo Inc (NASDAQ:GOEV) shares rose after the company announced the purchase of new manufacturing assets at significantly reduced prices for its Oklahoma City facility. The assets, including robotics and controls processing equipment, were acquired at over 80% off estimated value, allowing Canoo to reduce 2023 capital expenditures and improve financial guidance. The assets will support Canoo's manufacturing strategy and help scale production for increased customer deliveries in 2024.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 4:08 pm

GOEV

Canoo's stock price has increased following the announcement of the company acquiring manufacturing assets at reduced prices to expand production at its Oklahoma City facility.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:06 pm

AMGN

Amgen (NASDAQ:AMGN) is evaluated against its competitors in the Biotechnology industry. The analysis includes financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Amgen's P/E ratio is below the industry average, suggesting undervaluation, while its P/B and P/S ratios are above average, indicating potential overvaluation. The company's ROE, EBITDA, gross profit, and revenue growth are strong, outperforming the industry average. Amgen's higher debt-to-equity ratio compared to its top 4 peers suggests a greater reliance on debt financing and higher financial risk.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:00 pm

AMAT

Applied Materials (NASDAQ:AMAT) is analyzed in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. AMAT has a lower P/E ratio, suggesting undervaluation, but a higher P/B ratio, indicating potential overvaluation based on book value. Its P/S ratio is below the industry average, suggesting undervaluation based on sales. AMAT has a higher ROE, EBITDA, gross profit, and better revenue growth than the industry average, indicating strong financial performance. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 4:00 pm

EFA

PXF

VEA

VXUS

The Vanguard FTSE Developed Markets ETF (VEA) has formed a Golden Cross on its technical chart, suggesting a bullish trend for developed markets outside the U.S. VEA, which tracks the FTSE Developed ex-U.S. All Cap Net Tax Index, is primarily invested in Europe, Japan, and Australia, with a significant allocation to large-cap stocks, especially in the financial sector. It is more cost-efficient and has a broader portfolio than the iShares MSCI EAFE ETF (EFA). Alternatives to VEA include the Vanguard Total International Stock ETF (VXUS) and the Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF). Wells Fargo favors developed-market equities over emerging-market equities, with a year-end 2024 target for the MSCI EAFE Index.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 3:49 pm

BTCUSD

Gary Gensler, the chair of the SEC, has posted a thread on X discussing key considerations for potential investors in crypto assets. He likely provided insights into the risks and regulatory aspects associated with investing in cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:44 pm

HSY

Over the past 20 years, Hershey (NYSE:HSY) has delivered an average annual return of 8.35%, outperforming the market. A $1000 investment in HSY stock 20 years ago would be worth $4,929.75 today. Hershey's current market capitalization stands at $38.60 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:30 pm

STXUSD

Stacks (CRYPTO: STX) has seen a significant price increase of 9.43% in the past 24 hours, reaching $1.92. Over the last week, STX has gained 30%, rising from $1.49. The coin's all-time high is $3.39. Trading volume surged by 877% over the past week, and the circulating supply increased by 0.18% to 1.43 billion, which is 78.72% of the max supply. Stacks is currently ranked #32 by market cap at $2.78 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:03 pm

ICPUSD

Internet Computer's (CRYPTO: ICP) price has risen by 6.22% in the last 24 hours to $12.84, despite a weekly decline of 4.0%. The coin's all-time high is $700.65. Trading volume has decreased by 49.0% over the past week, while the circulating supply has increased by 1.41% to 454.98 million. ICP's market cap is currently ranked #18 at $5.90 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:02 pm