Streetbeat News

Assets

FRAF

Farmers and Merchants Trust, a unit of Franklin Financial Services, has completed a portfolio shift and expects to recover a $3.4 million after-tax loss in approximately 2.3 years, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:11 pm

EUDA

Euda Health Holdings has filed with the SEC for a $100 million mixed shelf offering, which allows the company to issue various types of securities over time. This move provides Euda with flexibility to raise capital as needed.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:10 pm

AFRM

AIG

BLK

C

COIN

ERIE

GS

MS

SOFI

WFC

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable mentions include bearish sentiment for SOFI, WFC, AFRM, GS, ERIE, and BLK, while AIG, COIN, MS, and C show bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 5:35 pm

IVV

SPY

STT

VOO

The SPDR S&P 500 ETF Trust (SPY) has reached $600 billion in assets under management, marking a significant milestone for the oldest U.S.-based ETF. This achievement comes amid strong inflows and all-time highs for the S&P 500. Other major S&P 500 ETFs, iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 Index Fund ETF (VOO), are also seeing substantial asset growth. The SPY's success has contributed to State Street Corporation's leading position in net inflows for September.

Portfolio Pulse from Chris Katje

October 18, 2024 | 5:26 pm

USO

The U.S. Baker Hughes Oil Rig Count increased by 1, reaching a total of 482 rigs, compared to 481 previously.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:06 pm

SPY

USO

The U.S. Baker Hughes total rig count has decreased slightly to 585 from 586. This minor change in rig count could have implications for energy-related ETFs and companies.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:05 pm

TDS

United State Cellular, a subsidiary of Telephone and Data Systems, has sold select licenses for spectrum in the AWS and PCS bands.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:36 pm

STLA

Stellantis plans to close and sell its Arizona Proving Grounds as part of cost-cutting measures. The facility, used for vehicle testing, will be shuttered by the end of the year. Stellantis will use Toyota's proving grounds in Arizona starting next year. The decision is part of broader efforts to optimize operations amid financial pressures.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:32 pm

AMD

The article provides a comprehensive evaluation of Advanced Micro Devices (AMD) in comparison to its peers in the Semiconductors & Semiconductor Equipment industry. AMD's high P/E ratio suggests overvaluation, while its low P/B and P/S ratios indicate potential undervaluation. The company lags behind peers in ROE, EBITDA, gross profit, and revenue growth, but maintains a strong financial position with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 3:00 pm

TDS

TMUS

USM

VZ

US Cellular (USM) is selling spectrum licenses to Verizon (VZ) for $1 billion, boosting USM shares by 11.9%. TDS, the majority shareholder, approved the deal. US Cellular plans further spectrum sales and retains significant spectrum assets. These transactions align with a larger sale to T-Mobile (TMUS) planned for 2024.

Portfolio Pulse from Lekha Gupta

October 18, 2024 | 2:35 pm