Streetbeat News

Assets

MEIP

MEI Pharma (NASDAQ:MEIP) reported $38.3M in cash and no debt as of June 30, 2024. The company is evaluating strategic alternatives, including potential mergers or out-licensing, with Oppenheimer & Co. as its financial adviser. A reduction-in-force has begun to preserve cash.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:10 pm

FSTA

RTH

WMT

XLP

Alice Walton, Walmart heiress, has regained her title as the world's richest woman with a net worth of $89.1 billion. Walmart Inc. (NYSE:WMT) saw a slight stock decline, impacting related ETFs.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 8:06 pm

Unusual options activity in Coca-Cola (NYSE:KO) suggests a bullish sentiment among investors, with 60% of the activity being bullish calls. This indicates potential positive movement in Coca-Cola's stock price, despite a recent 1.37% decline.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 7:05 pm

AMGN

Amgen (NASDAQ:AMGN) has seen unusual options activity, with significant investors showing a mixed sentiment. The options trades suggest a price range of $280 to $370 for Amgen, with a current trading price of $336.52. The stock is up by 1.08% and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 7:05 pm

ABR

COIN

FUTU

JPM

PYPL

SCHW

VLY

The article highlights unusual options activity in the financial sector, focusing on large trades by 'whales' in various stocks. Notable trades include bearish call options for PYPL, COIN, FUTU, and FI, bullish call options for ABR, C, and SQ, and bearish put options for SCHW and VLY. JPM saw a neutral sentiment put option trade.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 5:35 pm

AAPL

AMD

AVGO

CRM

IBM

INTC

MSFT

MSTR

NVDA

SMCI

The article highlights unusual options activity in the Information Technology sector, focusing on call and put options for companies like NVDA, INTC, AAPL, AMD, MSTR, AVGO, MSFT, CRM, SMCI, and IBM. The sentiment varies from bullish to bearish, indicating potential short-term price movements.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 5:35 pm

MQBKY

The SEC has charged Macquarie Investment Management Business Trust with fraud for overvaluing assets and engaging in unlawful cross trades. The firm will pay nearly $80 million in penalties.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:40 pm

MSTR

SMLR

MicroStrategy's strategy of incorporating Bitcoin into its corporate treasury has inspired other companies like Cathedra Bitcoin and Metaplanet to follow suit. This trend is reshaping corporate balance sheets and is seen as a hedge against inflation. MicroStrategy's stock has surged 295% over the past year due to its Bitcoin investments, despite mixed technical signals. The company's approach includes offering convertible bonds backed by Bitcoin, attracting investors seeking lower-risk exposure. However, the strategy carries risks, and its success depends on broader Bitcoin adoption.

Portfolio Pulse from Murtuza Merchant

September 19, 2024 | 3:26 pm

ABBV

The article provides a comprehensive analysis of AbbVie (NYSE:ABBV) in comparison to its competitors in the Biotechnology industry. AbbVie shows strong profitability and operational efficiency with high ROE, EBITDA, and gross profit, but its high PE, PB, and PS ratios suggest it may be overvalued. The company's revenue growth is significantly below the industry average, raising concerns about future performance.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 3:00 pm

AMD

The article provides a comprehensive comparison of Advanced Micro Devices (AMD) with its competitors in the Semiconductors & Semiconductor Equipment industry. It highlights AMD's high P/E ratio, suggesting overvaluation, but notes low P/B and P/S ratios indicating potential undervaluation. AMD's ROE, EBITDA, and gross profit are below industry averages, while its revenue growth is above average. The company has a favorable debt-to-equity ratio compared to its top peers.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 3:00 pm