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Exxon Mobil Corp is in talks to acquire Pioneer Natural Resources for approximately $60 billion, including debt. The acquisition will expand Exxon's presence in the Permian Basin and boost its overall production. The deal is approved by both companies' boards and is expected to close within the first two quarters of 2024. The Energy Select Sector and Vanguard Energy ETFs are also mentioned as ones to watch.

Portfolio Pulse from Thrash Capital

October 27, 2023 | 4:16 pm

COST

The article provides an in-depth comparison of Costco Wholesale (NASDAQ:COST) with its competitors in the Food & Staples Retailing industry. It highlights Costco's low PE ratio, high PB and PS ratios, high ROE, low EBITDA and gross profit, and high revenue growth rate. The company's debt-to-equity ratio is also lower than its top 4 peers, indicating a strong financial position.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 4:00 pm

ASML

The article provides a comprehensive comparison of ASML Holding (NASDAQ:ASML) and its competitors in the Semiconductors & Semiconductor Equipment industry. ASML Holding, a market leader in photolithography systems, exhibits strong financial performance with a low PE ratio, high PB ratio, high PS ratio, high ROE, EBITDA, gross profit, and revenue growth. The company's debt-to-equity ratio is also lower than its top 4 peers, indicating a favorable balance between debt and equity.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 4:00 pm

AMGN

The article provides a comprehensive comparison of Amgen (NASDAQ:AMGN) with its competitors in the Biotechnology industry. Amgen's P/E ratio is lower than the industry average, suggesting potential for growth. However, its P/B and P/S ratios are higher, indicating possible overvaluation. The company's ROE, EBITDA, gross profit, and revenue growth are all higher than the industry average, suggesting strong financial performance and potential for future growth. Amgen's debt-to-equity ratio is also higher than its top 4 peers, indicating a greater reliance on debt financing.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 4:00 pm

ET

A large investor has taken a bearish stance on Energy Transfer (NYSE:ET), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $7.0 to $13.0 for Energy Transfer over the last 3 months. The price of ET is currently down -2.95% at $13.17, and RSI indicators suggest that the stock may be oversold.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:47 pm

BTCUSD

ETHUSD

Crypto analyst Guy Turner from Coin Bureau has highlighted a trend of diminishing returns for Bitcoin (BTC) and Ethereum (ETH). His analysis is based on historical gains through key zones of support and resistance. Turner suggests that BTC has diminishing returns over time, which is typical for any asset as it matures. He forecasts a potential 3x gain from Bitcoin's current key zone to its next peak, suggesting a Bitcoin price of around $120,000 in the next cycle. Similarly, Ethereum is predicted to have a 7x gain from its current zone, hinting at a possible price of $15,000.

Portfolio Pulse from Murtuza Merchant

October 27, 2023 | 3:10 pm

PSX

Phillips 66 (PSX) reported a 19.6% YoY increase in Q3 2023 adjusted EPS, but fell short of consensus estimates. Revenue exceeded consensus, reaching $40.23 billion. The company announced a $5 billion share repurchase authorization, in addition to the remaining $3.1 billion from a previous authorization. PSX also plans to sell non-core assets, expecting to generate over $3 billion in proceeds. Despite the earnings beat, PSX shares are trading lower by 1.91% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

October 27, 2023 | 3:10 pm

INJUSD

The price of cryptocurrency Injective (CRYPTO: INJ) has increased by 11.4% in the past 24 hours to $13.19, and by 52.0% over the past week. The trading volume for the coin has risen by 130.0% over the past week, while the circulating supply has decreased by 0.04% to 83.76 million, which is 83.76% of its max supply of 100.00 million. The current market cap ranking for INJ is #45 at $1.10 billion.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:00 pm

NEARUSD

NEAR Protocol's (CRYPTO: NEAR) price rose 4.95% to $1.23 in the past 24 hours, continuing its positive trend over the past week with a 23.0% gain. The trading volume for the coin has increased 125.0% over the past week while the overall circulating supply of the coin has increased 0.43% to over 988.62 million. The current market cap ranking for NEAR is #40 at $1.22 billion.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 3:00 pm

UNP

Union Pacific has developed a more competitive service from Mexico to Southeast US in partnership with Ferromex and Eastern Interline Partners. The company plans to spend $3.7B on capital investments this year. New labor agreements will significantly impact costs.

Portfolio Pulse from Happy Mohamed

October 27, 2023 | 2:51 pm