Streetbeat News

Assets

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

ARKB

ETHE

FETH

GBTC

IBIT

BlackRock's iShares Bitcoin Trust ETF (IBIT) attracted over $1 billion in inflows this week, leading a surge in spot Bitcoin ETFs. Fidelity's Ethereum ETF (FETH) led Ethereum ETF inflows with $31 million. The trend is driven by favorable macroeconomic conditions and growing interest in crypto assets.

Portfolio Pulse from Ivan Crnogatić

October 18, 2024 | 2:31 pm

HES

Analysts have varied opinions on Hess (NYSE:HES), with recent ratings showing a mix of bullish, indifferent, and bearish sentiments. The average 12-month price target has decreased by 4.94% to $165.0. Hess has shown strong financial performance with significant revenue growth and profitability, but its high debt-to-equity ratio raises concerns.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 1:01 pm

DRUG

Bright Minds Biosciences shares rose following the announcement of a $35 million non-brokered private placement.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 12:09 pm