Streetbeat News

Assets

EPD

Enterprise Products Partners reports that its assets sustained no significant damage from Storm Francine. The main issue is a loss of commercial power, with temporary generators being deployed. Personnel and equipment are mobilized for damage assessment and resuming operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 3:35 pm

JNJ

The article provides a comprehensive analysis of Johnson & Johnson (JNJ) compared to its competitors in the Pharmaceuticals industry. It highlights JNJ's potential undervaluation based on PE, PB, and PS ratios, but also notes its underperformance in ROE, EBITDA, gross profit, and revenue growth compared to industry averages. JNJ's lower debt-to-equity ratio suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 3:00 pm

ON

The article provides an analysis of ON Semiconductor (NASDAQ:ON) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. ON Semiconductor shows potential undervaluation with low PE, PB, and PS ratios but faces challenges with low ROE, EBITDA, gross profit, and negative revenue growth. The company has a strong financial position with a low debt-to-equity ratio, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 3:00 pm

BCAX

Bicara Therapeutics Inc is set to IPO on September 13, 2023, on the NASDAQ under the ticker BCAX, with shares priced between $16.00 and $18.00. The company focuses on bifunctional therapies for solid tumors.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 3:00 pm

SHEL

USO

Shell has reduced production at several of its assets due to downstream issues caused by Hurricane Francine. Drilling at the Whale asset is paused, with operations expected to resume later this year. Damage assessments are ongoing, and offshore personnel are safe. Shell is redeploying personnel to the Perdido asset, while production at Perdido, Auger, and Enchilada/Salsa remains shut in.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:51 pm

GEVO

Gevo's stock is rising following its announcement of a $210 million acquisition of Red Trail Energy's ethanol production plant and carbon capture and sequestration assets.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:50 pm

SPY

UNG

The latest data on USA natural gas storage shows an increase of 40 billion cubic feet, which is below the estimated 49 billion cubic feet and higher than the prior increase of 13 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:30 pm

VZ

Verizon plans to record a severance charge of $1.7B-$1.9B in Q3 as it ceases use of certain real estate assets and exits non-strategic business portions. Additionally, it expects asset and business rationalization charges of $230M-$380M in Q3.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:04 pm

GV

Visionary Holdings Inc. (NASDAQ:GV) has signed an MOU with Saudi Arabia's Public Investment Fund, securing a $120M investment to support various projects, including debt replacement and real estate redevelopment. The partnership will also focus on high technology, life sciences, and AI education.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:42 pm

SMMT

Summit Therapeutics (NASDAQ:SMMT) shares rose by 9.25% to $24.80 after the company raised $235 million through a share sale. The funds will support the development of ivonescimab for cancer treatment and other corporate purposes.

Portfolio Pulse from Henry Khederian

September 12, 2024 | 1:15 pm