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AAPL

Apple Inc.'s stock price is currently at $233.09, experiencing a 1.43% drop in the current session. Despite this, the stock has risen by 2.51% over the past month and 36.22% over the past year. Apple's P/E ratio of 35.99 is higher than the industry average of 30.24, suggesting potential overvaluation. Investors are advised to consider other financial metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:15 pm

ETHA

ETHE

FBTC

HODL

IBIT

Bitcoin spot ETFs have seen a significant inflow of $294 million, marking a seven-day streak of positive momentum. BlackRock's ETF led with $329 million in inflows, while Fidelity and VanEck had mixed results. The inflows indicate growing investor confidence in Bitcoin, supported by stable regulatory policies and declining interest rates. In contrast, Ethereum ETFs experienced a net outflow, reflecting weaker sentiment.

Portfolio Pulse from Murtuza Merchant

October 22, 2024 | 2:07 pm

PFE

Starboard CEO Jeff Smith criticizes Pfizer's return on invested capital, stating that the growth from their investments is 'worst in class'. Despite this, he acknowledges Pfizer as a great American company.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:48 pm

SJM

The J.M. Smucker Co. (NYSE:SJM) is selling its Voortman cookie brand to Second Nature Brands for approximately $305 million in an all-cash transaction. This move is part of Smucker's strategy to optimize its portfolio and focus on core growth brands.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:22 pm

BUD

Anheuser-Busch is investing an additional $8 million in its St. Louis brewery, continuing its $2 billion investment in U.S. facilities over the past 5 years to create jobs and drive economic growth.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:20 pm

ONFO

Onfolio Holdings Inc. has acquired a 70% stake in Eastern Standard for $1.66 million, using Series A Preferred Shares and secured promissory notes. Eastern Standard, a digital marketing service provider, generated $4 million in revenue and $630,000 in EBITDA for 2023.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:16 pm

VERI

Veritone has sold its media agency, Veritone One, to Insignia Capital for up to $104 million. This move is aimed at focusing on its enterprise AI strategy, strengthening its balance sheet, and accelerating growth in AI software solutions.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:03 pm

PCAR

PACCAR plans to invest $700M - $800M in capital projects and $480M - $530M in R&D expenses in 2025, indicating a focus on growth and innovation.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:03 pm

GPRK

GeoPark has received approval from the Argentinian Securities Regulator to issue up to $500 million in debt securities over the next five years. This move could provide the company with additional capital for expansion and operations.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 11:40 am

MSTR

Michael Saylor, founder of MicroStrategy, plans to leave his assets to a public charity supporting Bitcoin after his death. MicroStrategy, which holds over $17 billion in Bitcoin, has become a proxy for the cryptocurrency. Saylor's commitment to Bitcoin remains strong, as he likens it to a foundational asset for the future.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 8:08 am