Streetbeat News

Assets

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 15 years, producing an average annual return of 11.68%. If an investor had bought $100 of AMGN stock 15 years ago, it would be worth $503.19 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

COST

The article provides a detailed comparison of Costco Wholesale (NASDAQ:COST) with its competitors in the Food & Staples Retailing industry. Costco's Price to Earnings ratio is significantly below the industry average, suggesting undervaluation. However, its Price to Book and Price to Sales ratios are higher than the industry average, indicating potential overvaluation in terms of book value and sales performance. Costco's Return on Equity is higher than the industry average, demonstrating efficient use of equity. However, its EBITDA and gross profit are lower than the industry average, indicating potential profitability challenges. Costco's revenue growth significantly exceeds the industry average, indicating strong sales performance.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CME

The article provides an in-depth analysis of CME Group's (NASDAQ:CME) performance compared to its peers in the Capital Markets industry. The analysis includes key financial metrics, market position, and growth potential. CME Group's P/E, P/B, and P/S ratios suggest that the company is undervalued compared to its peers. However, the company's high P/S ratio indicates potential overvaluation in terms of sales performance. CME Group has a lower ROE, but higher EBITDA and gross profit margins. The company also shows strong revenue growth.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CMCSA

The article provides a comprehensive analysis of Comcast (NASDAQ:CMCSA) in comparison to its major competitors within the Media industry. The analysis includes financial metrics, market position, and growth potential. Comcast's P/E ratio is 1.68x above the industry average, indicating a premium valuation. The P/B ratio is lower than the industry average, suggesting potential undervaluation. The P/S ratio is 1.26x the industry average, indicating potential overvaluation based on sales performance. The company's ROE is slightly below the industry average. Comcast's EBITDA and gross profit are significantly above the industry average, indicating strong profitability. The company's revenue growth surpasses the industry average.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

GFI

SBSW

Precious metals stocks are trading higher as gold prices rise due to the Israel-Hamas conflict, which has increased the demand for safe-haven assets. Stocks mentioned include AU, GFI, and SBSW.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:55 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The ongoing conflict in the Middle East, particularly the bloodshed in Israel and Gaza, is having broad implications for investors. The SPDR S&P 500 ETF Trust (NYSE:SPY) has pulled back to the bottom band of the top support zone due to the conflict. The stock market is assuming that the conflict will be contained to Gaza, but investors are urged to consider the potential for a wider conflict. The Arora Report suggests that Iran may have masterminded the attack on Israel, and if Iran were to block the Strait of Hormuz, oil prices could skyrocket. The conflict has also disrupted Biden's security plan and his reelection strategy. In early trade, money flows are negative in several major tech companies, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 09, 2023 | 3:33 pm

HYMTF

Hyundai Motor Co has reduced the asking price for its auto plant in China by 30% to 2.58 billion yuan ($353.38 million). The plant, located in Chongqing, is part of a joint venture with Beijing Automotive Group Co. The sale is part of Hyundai's plan to revise its business strategy in China due to strong price competition and weak demand. The company is selling the plant's land use rights and equipment, which has an annual capacity of 300,000 cars.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 3:32 pm

AMD

A significant amount of unusual options activity has been detected for Advanced Micro Devices (AMD), with a bearish stance being taken by a majority of investors. Of the spotted trades, 56% were bearish and 44% bullish. The whales have been targeting a price range from $50.0 to $115.0 for AMD over the last 3 months. The current price of AMD is down -1.14% at $106.02.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:30 pm

A significant bearish stance has been taken on Goldman Sachs Gr (NYSE:GS) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $260.0 to $350.0 for Goldman Sachs Gr over the last 3 months. The price of GS is currently down -1.11% at $309.0. Analysts from Oppenheimer, Morgan Stanley, Citigroup, and JMP Securities have maintained their ratings on GS, with price targets ranging from $329 to $450.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:30 pm

VTS

Vitesse Energy Inc (NYSE:VTS) has acquired additional oil and gas stakes in the Williston Basin of North Dakota, leading to a $50 million expenditure in Q3 and Q4 FY23. As a result, VTS has raised its FY23 production guidance and capital expenditure. The company also provided preliminary FY24 guidance and added oil swaps for Q4 FY23 and FY24. VTS shares are trading higher by 6.56% at $23.05.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 3:26 pm