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AMD

The article evaluates Advanced Micro Devices (AMD) against its peers in the Semiconductors & Semiconductor Equipment industry, highlighting its financial metrics, market position, and growth prospects. AMD's high P/E ratio suggests overvaluation, while its low P/B and P/S ratios indicate potential undervaluation. Despite lower ROE, EBITDA, and gross profit compared to industry averages, AMD shows strong revenue growth and a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:00 pm

USO

The EIA reported a draw in weekly distillates stocks of 0.371 million barrels, contrary to the expected build of 0.710 million barrels. This follows a prior build of 0.275 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:00 pm

SPY

USO

The latest report on USA crude oil inventories shows a significant draw of 6.873 million barrels, compared to the expected draw of 0.600 million barrels and the prior draw of 0.846 million barrels. This larger-than-expected draw could impact oil prices and related markets.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:00 pm

EAST

Eastside Distilling, Inc. (NASDAQ:EAST) shares surged after announcing a merger with Beeline Financial Holdings, a mortgage tech company. The deal includes a debt-for-equity exchange and asset sale, eliminating Eastside's debt and providing growth capital. EAST shares rose 249.9% on heavy trading volume.

Portfolio Pulse from Erica Kollmann

September 05, 2024 | 2:58 pm

VRNS

Varonis Systems shares declined following the announcement of a $350 million convertible senior notes offering due in 2029.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:54 pm

APLD

NVDA

Applied Digital shares rose following a $160 million private placement financing agreement with institutional and accredited investors, including NVIDIA and Related Companies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:03 pm

BTTR

Better Choice Company (NYSE:BTTR) updates shareholders on its pro-forma balance sheet ahead of its acquisition of SRx Health, reporting an adjusted net tangible book value of $10.9M or $4.07 per share. The acquisition is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:40 pm

VOXX

VOXX International has sold its domestic accessory business, along with the Jamo and Energy brands, for approximately $28 million. This move is part of VOXX's strategy to streamline its operations and focus on core business areas.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:33 pm

BITB

ETHE

GBTC

The crypto market is facing potential volatility as Bitcoin and Ethereum spot ETFs experience significant outflows. Grayscale Bitcoin Trust and Grayscale Ethereum Trust lead the outflows, while Bitwise Bitcoin ETF sees inflows. Analysts warn of downside risks and macroeconomic concerns.

Portfolio Pulse from Murtuza Merchant

September 05, 2024 | 12:23 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported its August 2024 operations update, highlighting the mining of 166 Bitcoins and a decrease in client-hosted mining machines. The company is progressing with its SEALMINER A1 production and various datacenter expansions. Bitdeer also completed a $172.5 million convertible notes offering for expansion and development purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm