Streetbeat News

Earnings

KMI

Kinder Morgan Inc. (NYSE:KMI) experienced a 0.18% drop in its stock price, trading at $16.89. Over the past month and year, the stock has decreased by 5.06% and 6.78%, respectively. Its P/E ratio of 15.52 is lower than the industry average of 23.48, suggesting it might be undervalued or expected to underperform compared to its peers in the Oil, Gas & Consumable Fuels industry. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:15 pm

WOLF

Wolfspeed shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:11 pm

SIGI

Selective Insurance's shares dropped following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:06 pm

MET

MetLife's shares dropped following the announcement of Q4 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:05 pm

UGI

UGI shares are trading higher following the announcement of mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:05 pm

XLB

The U.S. manufacturing sector showed signs of resurgence in January, with the S&P Global US Manufacturing PMI and the ISM Manufacturing PMI both indicating a robust rebound in new orders and rising costs of raw materials. This recovery, however, could contribute to inflationary pressures due to increased prices for raw materials. The Materials Select Sector SPDR Fund (XLB) saw a slight increase in its trading price amidst these developments.

Portfolio Pulse from Piero Cingari

February 01, 2024 | 4:04 pm

BR

Broadridge Financial Solution's shares are trading lower following the announcement of their Q2 financial results and the reaffirmation of their FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:03 pm

DE

Benzinga's options scanner detected significant options trading activity for Deere (NYSE:DE), with over 15 trades amounting to $999,880. Analysis of volume and open interest suggests a targeted price range of $360.0 to $450.0 for Deere. The largest trades observed indicate a bullish sentiment despite some bearish positions. Deere, a leading agricultural equipment manufacturer, shows a neutral RSI and a slight price increase to $394.37. The company's next earnings are expected in 14 days.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm

FTV

Fortive (NYSE:FTV) has received mixed analyst ratings over the past three months, with a recent shift towards a more positive outlook. The average 12-month price target for FTV has been raised to $82.2, up 9.02% from the previous $75.40. Analysts from RBC Capital, Mizuho, JP Morgan, and Wells Fargo have all raised their price targets, reflecting an optimistic view of Fortive's future performance. Fortive, a diversified industrial technology firm, reported a revenue growth of 2.64% for the quarter ending September 30, 2023, and a net margin of 14.59%, despite trailing behind the industry average in ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm

ADBE

A comparative study evaluates Adobe (NASDAQ:ADBE) against its competitors in the Software industry, analyzing financial metrics, market position, and growth prospects. Adobe's P/E ratio is below the industry average, suggesting growth potential, while its P/B ratio indicates potential undervaluation. However, its high P/S ratio may suggest overvaluation in sales performance. Adobe's ROE is below the industry average, indicating potential inefficiency, but its EBITDA and gross profit are significantly above the industry average, demonstrating strong profitability. The company's revenue growth is slightly lower than the industry average, and it has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position. The analysis presents a mixed outlook for Adobe in the software industry.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm