Streetbeat News

Assets

NEM

Newmont's CFO announced that the sales process for the Akyem mine is in an 'advanced' stage, indicating potential upcoming changes in the company's asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:16 pm

COWZ

DIVB

DXJ

FXU

ICF

IYK

JAAA

SCHD

TLT

VTV

XLP

XLRE

XLU

As the Federal Reserve shifts to a more accommodative monetary policy, analysts recommend ETFs in utilities, real estate, consumer staples, and more. BofA suggests focusing on defensive sectors and quality yield opportunities, with specific ETF recommendations across various asset classes.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:29 pm

BAC

FTXO

KBWB

Bank of America has appointed Jim Rourke and Michael Liu to lead a new initiative integrating investment banking and wealth management, aiming for asset growth and M&A opportunities. BAC shares rose 0.30% following the announcement.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 3:18 pm

MRK

The article provides a comprehensive analysis of Merck & Co (NYSE:MRK) in comparison to its competitors in the Pharmaceuticals industry. It highlights Merck's potential undervaluation based on PE, PB, and PS ratios, but also points out its weaker financial performance in terms of ROE, EBITDA, gross profit, and revenue growth. Merck's lower debt-to-equity ratio suggests a stronger financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 3:01 pm

ARM

High-rolling investors are showing interest in ARM Holdings (NASDAQ:ARM) with a mix of bullish and bearish options trades. The options activity suggests a focus on a price range between $110 and $160. ARM's stock is currently up 1.6% at $140.61, with a high trading volume.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 3:01 pm

WMT

The article evaluates Walmart (NYSE:WMT) against its peers in the Consumer Staples Distribution & Retail industry, highlighting its financial metrics. Walmart's PE, PB, and PS ratios are higher than the industry average, suggesting potential overvaluation. However, its ROE is strong, indicating efficient equity use. Concerns arise from its lower EBITDA, gross profit, and revenue growth compared to peers, though its debt-to-equity ratio is favorable.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 3:00 pm

PLTR

The article provides a comprehensive comparison of Palantir Technologies (NYSE:PLTR) against its peers in the software industry, highlighting its high valuation ratios, lower profitability metrics, and strong revenue growth. Palantir's lower debt-to-equity ratio suggests a favorable financial position.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 3:00 pm

PDD

Recent options trading trends for PDD Holdings (NASDAQ:PDD) show a bullish sentiment among major investors, with 12 call trades totaling $542,164 and 4 put trades totaling $161,340. The stock is currently priced at $98.41, up 1.24%, with RSI indicators suggesting it may be oversold. The next earnings report is expected in 70 days.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 2:32 pm

MFG

MUFG

SMFG

Shares of US-listed Japanese banks, including MFG, MUFG, and SMFG, are trading lower, potentially due to a recent rise in the yen.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:25 pm