Streetbeat News

Assets

FLUX

Flux Power has identified $1.7 million in excess and obsolete inventory, leading to a restatement of its financial statements for FY23 and interim periods of FY24. This inventory write-down is a non-cash charge and will not affect cash flow. The company may also include additional adjustments during its review. Flux Power's $16 million revolving credit facility with Gibraltar Business Capital remains available, subject to lending criteria.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:03 pm

AFRM

CFG

COIN

HOOD

KKR

MMC

PYPL

SOFI

UPST

USB

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable activities include bullish call sweeps for HOOD, SOFI, KKR, and AFRM, bearish call trades for PYPL and UPST, and bearish put sweeps for USB and CFG.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:35 pm

ARGT

EWZ

STLA

Stellantis plans to launch two hybrid-flex vehicles in Brazil this year and announces a $385 million investment in its Argentinian complex in Cordoba.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:25 pm

DJT

SPY

Former President Donald Trump has suggested that the United States should establish its own sovereign wealth fund. This proposal could have implications for the U.S. economy and financial markets, potentially affecting various sectors and investment strategies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:08 pm

TSN

Tyson Foods' executive expressed confidence in the company's asset management following the closure of some U.S. chicken and pork plants. This suggests a strategic shift in operations to optimize performance.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:05 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen significant options market activity, with a mix of bullish and bearish sentiment among investors. The stock is currently trading at $53.69, down 1.72%, and analysts have set an average target price of $70.8. The options activity suggests a price range of $40 to $72.5, indicating potential volatility.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 4:17 pm

GATO

First Majestic Silver Corp. (NYSE:AG) is acquiring Gatos Silver (NYSE:GATO) in an all-stock deal valued at $970 million. This acquisition will consolidate major silver assets in Mexico, enhancing First Majestic's production and operational efficiencies. Gatos shareholders will receive a 16% premium, and the deal is expected to close in early 2025.

Portfolio Pulse from Stjepan Kalinic

September 05, 2024 | 3:47 pm

NOW

The article provides a comparative analysis of ServiceNow (NYSE:NOW) against its competitors in the software industry, focusing on financial metrics, market position, and growth potential. ServiceNow shows a high P/E ratio, low P/B ratio, and high P/S ratio, indicating mixed valuation signals. It has lower ROE, EBITDA, and gross profit compared to industry averages but demonstrates strong revenue growth. The company also has a favorable debt-to-equity ratio, suggesting a strong financial position.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 3:00 pm

SPY

UNG

The latest data shows a build in US gasoline inventories of 0.848 million barrels, contrary to the expected draw of 0.800 million barrels. This follows a previous draw of 2.203 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:00 pm

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