Streetbeat News

Assets

ADM

IMKTA

PRDO

The article discusses value stocks in the consumer defensive sector, highlighting five companies with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. Archer-Daniels Midland (ADM), Altria Group (MO), Ingles Markets (IMKTA), Bunge Global (BG), and Perdoceo Education (PRDO) are mentioned with their respective P/E ratios and recent financial performance, including earnings per share and dividend yields. The article indicates that these stocks were selected by Benzinga Insights using a quantified analysis.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:39 pm

BLK

Over the past 15 years, BlackRock (NYSE:BLK) has produced an average annual return of 13.1%, outperforming the market. A $1000 investment in BLK 15 years ago would be worth $6,150.82 today. BlackRock's current market capitalization stands at $117.37 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:30 pm

REGN

Over the past decade, Regeneron Pharmaceuticals (NASDAQ:REGN) has delivered an average annual return of 12.97%, outperforming the market by 3.2%. A $100 investment in REGN 10 years ago would be worth $331.41 today. Regeneron's market cap stands at $99.38 billion, reflecting its growth and performance.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:30 pm

AAPL

COIN

MRNA

NVDA

PFE

SOXX

TSLA

VGT

XLY

Short sellers faced significant losses in 2023, with a total of $194.9 billion evaporated due to a market surge. The technology and consumer discretionary sectors were particularly damaging, with the Vanguard Information Technology ETF (VGT) and Consumer Discretionary Select Sector SPDR Fund (XLY) seeing gains of 44.7% and 33.4%, respectively. Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL) were the least profitable short positions, while shorting in the cryptocurrency space, including Coinbase (COIN), was also unprofitable. Conversely, short sellers profited from bankruptcies, notably First Republic Bank and Silicon Valley Bank, and from shorting pharmaceutical companies Moderna (MRNA) and Pfizer (PFE), which failed to capitalize on the weight-loss drug trend.

Portfolio Pulse from Neil Dennis

January 05, 2024 | 2:25 pm

AAPL

AMT

COST

MSFT

SPCE

TSLA

Cryptocurrencies Bitcoin, Dogecoin, and Ethereum are experiencing a rebound amid renewed hopes for a spot ETF, with predictions of Bitcoin potentially reaching $57K. Apple Card has increased its Annual Percentage Yield from 4.25% to 4.35%. In US markets, investor sentiment is down ahead of the jobs report, with the Nasdaq falling for the fifth consecutive day. US politics are focused on Trump's influence and legal challenges. World politics highlight North Korea's military actions and Russia's procurement of missiles. The world economy sees a record-breaking tuna sale in Tokyo. In tech, Apple Card raises its yield, Microsoft phases out WordPad, and Apple suppliers invest to reduce Chinese dependence. Tesla faces recalls and strikes, while Costco sees a sales jump. American Tower sells Indian assets for $2.5B, and SpaceX sues the US Labor Board over layoffs.

Portfolio Pulse from Akanksha Bakshi

January 05, 2024 | 2:05 pm

CTRM

Castor Maritime Inc. has announced the sale of its vessel, the M/V Magic Venus, for $17.5 million. The company anticipates recording a net gain of $3.5 million from the sale in the first quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:03 pm

WEC

Over the past 20 years, WEC Energy Group (NYSE:WEC) has delivered an average annual return of 8.56%, outperforming the market. A $1000 investment in WEC stock 20 years ago would be worth $5,161.91 today. WEC Energy Group currently has a market cap of $27.10 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

EQIX

Over the past 5 years, Equinix (NASDAQ:EQIX) has produced an average annual return of 17.04%, outperforming the market by 4.4% annually. A $100 investment in EQIX 5 years ago would now be worth $224.23. Equinix currently has a market cap of $74.63 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 2:00 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 7.7% increase in Bitcoin mined in December 2023 compared to November 2023, and a 149.4% increase from December 2022, totaling 434 BTC despite retiring 6,000 legacy mining machines. The Gedu Datacenter contributed 53.0% of the mined Bitcoins. Bitdeer is constructing a 175MW datacenter in Norway and plans a 221MW datacenter in Ohio, both expected to complete in 2025. The company also received NVIDIA DGX H100 systems and expects to launch its AI cloud service platform in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:34 pm

MAR

Marriott Intl (NYSE:MAR) has seen a decrease in short interest, with the current level at 6.61 million shares or 2.98% of float, down 5.99% from the last report. It would take about 3.88 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Marriott's short interest is below its peer group average of 7.70%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:30 pm