Streetbeat News

Earnings

NVDA

SSNLF

South Korea's semiconductor industry, led by Samsung Electronics Co (OTC:SSNLF) and SK Hynix, has seen a significant rebound with chip production and shipments surging by 42% and 80% respectively. This marks the highest production increase since early 2017 and the largest shipment gain since late 2002. The growth has contributed to a better-than-expected 5.3% increase in South Korea's industrial output in November. Despite global economic challenges, the Bank of Korea projects a 2.2% economic expansion next year, with recovering memory chip prices and demand for emerging technologies like AI. Samsung is a key supplier for Nvidia Corp (NASDAQ:NVDA).

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 4:15 pm

CBDD

CBD of Denver, Inc. (OTC:CBDD) reported increased Q4 revenue, reaching $1.310 million, with Luxora contributing approximately $1.134 million and Libra 9 about $176,000. The company's growth is attributed to partnerships and market strategies, including a teleshopping partnership and trade show presence. Luxora's expansion in the European CBD wholesale market and potential entry into the German market are key growth drivers. The legalization of marijuana in Germany, which could impact Luxora, has been postponed to 2024. CBDD's stock rose 16.6667% to $0.0007 post-market on Wednesday.

Portfolio Pulse from Jelena Martinovic

December 28, 2023 | 4:02 pm

CDNS

Cadence Design Systems (NASDAQ:CDNS) is compared with its competitors in the Software industry. Key financial metrics show CDNS has a lower P/E ratio than the industry average, suggesting potential undervaluation. However, its P/B and P/S ratios are higher, indicating possible overvaluation based on book value and sales. CDNS's ROE is below the industry average, and its EBITDA and gross profit are lower than the industry average, which may signal financial challenges. Despite this, CDNS's revenue growth surpasses the industry average, indicating robust sales expansion. CDNS also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

BKR

Baker Hughes (NASDAQ:BKR) is evaluated against its peers in the Energy Equipment & Services industry. Key financial metrics indicate potential undervaluation with a P/E ratio of 20.66, P/B ratio of 2.28, and P/S ratio of 1.42, all below industry averages. However, its ROE of 3.41% is below the industry average. BKR's EBITDA and gross profit are significantly above the industry average, and it has a strong revenue growth of 23.69%. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a strong financial position.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

ARM

ARM Holdings (NASDAQ:ARM) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. ARM's financial metrics show a high P/E, P/B, and P/S ratios, indicating a premium valuation. However, its ROE is negative, and EBITDA is below the industry average, suggesting inefficiencies and potential financial challenges. Despite this, ARM has a strong revenue growth rate of 27.94%, outperforming the industry average. ARM's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 4:00 pm

SPY

UNG

USA Natural Gas Storage reported a decrease of 87 billion cubic feet, compared to the estimated decrease of 79 billion cubic feet and the prior decrease of 87 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:30 pm

SIDU

Sidus Space (NASDAQ:SIDU) concludes 2023 with significant achievements, including expanding services, securing new customers, and completing testing for the Q1 2024 launch of LizzieSat on SpaceX's Transporter-10. The company has also expanded its technology through acquisitions and partnerships, and is preparing for growth in 2024 with a focus on LEO and Lunar opportunities, expecting increased revenue from subscription customers and additional satellite launches.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 3:21 pm

R

UNP

Union Pacific (NYSE:UNP) is distributing a dividend of $1.30 per share today, with an annualized yield of 2.37%. The company has shown a positive trend with an increase in dividend per share from $3.70 in 2019 to $5.08 in 2022, and earnings growth from $8.49 to $11.35 per share over the same period. This suggests strong financial health and potential for continued profit distribution to shareholders. Union Pacific's dividend yield is competitive within its industry, with Ryder System (NYSE:R) having a slightly higher yield at 2.43%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

SELF

UNIT

Global Self Storage (NASDAQ:SELF) is set to distribute a dividend of $0.07 per share on December 28, 2023, with an annualized yield of 6.33% for shareholders recorded before December 14, 2023. The company has shown a positive trend in dividend per share growth from $0.26 in 2019 to $0.28 in 2022, and earnings per share growth from $0.17 to $0.43 over the same period. This suggests a healthy financial status and potential for continued dividend payouts. Uniti Group (NASDAQ:UNIT) has a higher annualized dividend yield of 10.31% compared to Global Self Storage.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

IVR

RWT

Redwood Trust (NYSE:RWT) has announced a dividend payout of $0.16 per share with an annualized yield of 8.98%. The dividend has decreased from $0.23 in early 2021 to the current rate. Earnings per share have also declined from $1.51 in 2019 to $0.85 in 2022, indicating potential financial challenges. In comparison, Invesco Mortgage Capital (NYSE:IVR) has a higher annualized dividend yield of 16.70%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm