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SPY

USO

The U.S. Energy Department has announced contracts for acquiring 3.4 million barrels of oil for the Strategic Petroleum Reserve. This move is part of efforts to replenish the reserve.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:06 pm

CSCO

The article provides an industry comparison of Cisco Systems (NASDAQ:CSCO) against its competitors in the Communications Equipment industry. It highlights Cisco's financial metrics, market position, and growth prospects, noting its undervaluation in terms of P/E and P/B ratios, strong EBITDA and gross profit, but challenges in revenue growth.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 3:00 pm

SMCI

The article provides an analysis of Super Micro Computer (NASDAQ:SMCI) compared to its peers in the Technology Hardware, Storage & Peripherals sector. It highlights SMCI's potential undervaluation based on its low PE, PB, and PS ratios, but also notes its weaker financial performance in terms of ROE, EBITDA, gross profit, and revenue growth. The company's lower debt-to-equity ratio suggests a stronger financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 3:00 pm

MA

The article provides an in-depth analysis of Mastercard (NYSE:MA) compared to its competitors in the Financial Services industry. Mastercard shows high valuation ratios (PE, PB, PS) indicating potential overvaluation, but also demonstrates strong operational performance with high ROE, EBITDA, gross profit, and revenue growth, suggesting robust growth prospects.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 3:00 pm

BTCUSD

ETHUSD

Digital asset investment products saw significant outflows of $726 million last week, with Bitcoin ETFs experiencing $643 million in outflows and Ethereum $98 million. This trend is linked to uncertainty over potential Federal Reserve interest rate cuts and stronger-than-expected macroeconomic data.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 2:58 pm

BTCUSD

Veteran analyst Benjamin Cowen suggests that Bitcoin has not yet peaked, despite recent price drops. He highlights the importance of the 20-week SMA and 21-week EMA as key support and resistance levels. Cowen notes a difference from last year's trend, with current lower lows and highs. He also emphasizes the potential impact of monetary policy on Bitcoin's price action.

Portfolio Pulse from Khyathi Dalal

September 09, 2024 | 2:40 pm

CNIKF

Canada Nickel Company (OTC:CNIKF) has received a Letter of Interest from Export Development Canada for a potential $500 million loan to support its Crawford nickel project in Ontario. This project is crucial for Canada's role in the global EV supply chain, with potential to produce 48,000 tons of nickel annually.

Portfolio Pulse from Stjepan Kalinic

September 09, 2024 | 2:32 pm

EXFY

Expensify, Inc. (NASDAQ:EXFY) has paid off all its $22.6 million debt and completed a buyback of 645,938 Class A common stock shares from its founder at an average price of $2.34. The company cleared its revolving line of credit and mortgage, while retaining access to $24 million in credit.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:17 pm

AMD

Deep-pocketed investors are showing a bullish sentiment towards Advanced Micro Devices (AMD) through significant options activity. Benzinga's options scanner highlighted 13 extraordinary options activities, with a mix of bullish and bearish sentiments. The price window eyed by these investors ranges from $95 to $160. AMD's stock is currently trading at $135.68, up by 0.99%.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 1:46 pm

EGIO

Edgio has filed for Chapter 11 bankruptcy and entered into a stalking horse asset purchase agreement as part of an in-court sale process. The company aims to continue operations and service delivery during this period.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:31 pm