Streetbeat News

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TTE

TotalEnergies remains committed to its Mozambique project, with plans to visit the country and meet the new president. The project awaits financing confirmation from three countries and credit agencies, targeting first oil by 2029.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:33 pm

EBS

Emergent BioSolutions shares rose following the announcement of a $100 million asset-backed loan facility closure.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:21 pm

LW

Lamb Weston announced the closure of its Connell, Washington facility, reducing its North American capacity by over 5%. The company expects the European potato crop to align with historical averages, while the North American crop is anticipated to be slightly above average.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:20 pm

LTCUSD

Litecoin's price has decreased by 3.77% in the past 24 hours, continuing a weekly decline of 5%. Trading volume has increased by 55% over the past week, while the circulating supply has slightly decreased. Litecoin's market cap is ranked #26 at $4.76 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:02 pm

CRM

The article provides a detailed analysis of Salesforce (NYSE:CRM) compared to its competitors in the software industry. It highlights Salesforce's potential undervaluation based on PE, PB, and PS ratios, but notes concerns about its lower ROE and revenue growth compared to industry averages. Salesforce's strong EBITDA and gross profit are positive indicators, and its low debt-to-equity ratio suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:00 pm

UNH

The article provides a comprehensive analysis of UnitedHealth Group (NYSE:UNH) compared to its competitors in the Health Care Providers & Services industry. It highlights UNH's high valuation metrics, strong profitability, and operational efficiency, despite slower revenue growth and higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:00 pm

AVGO

The article provides an in-depth analysis of Broadcom (NASDAQ:AVGO) compared to its competitors in the Semiconductors & Semiconductor Equipment industry. It highlights Broadcom's high valuation ratios, low profitability metrics, and strong revenue growth, suggesting potential overvaluation but also future growth prospects.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 3:00 pm

SPY

UNG

The latest data shows a build in US gasoline inventories by 1.119 million barrels, contrary to the expected draw of 0.500 million barrels. This follows a previous draw of 1.538 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:31 pm

USO

The EIA reported a draw of 1.284 million barrels in distillate stocks, which is less than the expected draw of 1.900 million barrels and the prior draw of 2.227 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:30 pm

SPY

USO

The latest report on USA crude oil inventories shows a build of 3.889 million barrels, contrary to the expected draw of 1.500 million barrels. This is a significant change from the prior draw of 4.471 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:30 pm