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VZ

Verizon Communications Inc. (NYSE:VZ) shares are trading at $39.10, with a slight increase of 0.05%. Over the past month, the stock has risen by 2.71%, but it has fallen by 7.08% over the past year. The P/E ratio of Verizon is lower than the industry average, suggesting it might be undervalued or may have weaker growth prospects. Investors are advised to consider the P/E ratio among other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 3:00 pm

CMND

Clearmind Medicine Inc. (CMND) has announced a registered direct and private placement offering to raise approximately $2.4 million. The offering includes the sale of 1,500,000 Common Units or Pre-Funded Units, each comprising one Common Share or Pre-Funded Warrant, and one PIPE Common Warrant, with an exercise price of $1.60. The proceeds are intended for general corporate purposes and working capital. Aegis Capital Corp. is the Exclusive Placement Agent, and various legal firms are providing counsel. The offering is not available to Canadians and is expected to close around January 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:29 pm

COIN

ETCUSD

HPE

MSTR

RIOT

Ethereum Classic surged 34% following the SEC's approval of Bitcoin ETFs, outperforming BTC and ETH. The global electric vehicle market saw a 31% increase in sales in 2023. Cathie Wood discussed her personal Bitcoin holdings and the SEC's decision. Jim Cramer commented on the potential market reaction to the ETF approval. Crypto-related stocks like Riot Blockchain, Coinbase, and MicroStrategy are trending due to the Bitcoin Spot ETF spotlight. In other news, Trump discussed his potential 2024 running mate, and a study predicted a $1 trillion boost to the US economy from generative AI. Samsung, Apple, Amazon, and HP Enterprise made headlines in tech, while the electric vehicle and consumer sectors also featured notable updates.

Portfolio Pulse from Akanksha Bakshi

January 11, 2024 | 2:17 pm

BRRR

BTCUSD

Valkyrie Investments has launched one of the first spot bitcoin ETFs in the U.S., leveraging its investment management expertise and successful track record in cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:11 pm

FOUR

Shift4 Payments (NYSE:FOUR) received mixed analyst ratings with 5 bullish, 5 somewhat bullish, 1 indifferent, and 1 bearish. The average 12-month price target is $74.42, up from $73.00, with a high of $96.00 and a low of $49.00. Analysts from firms like Goldman Sachs, Raymond James, and DA Davidson have raised their price targets, while Mizuho and Truist Securities lowered theirs. Shift4 Payments has a market cap below industry average, a 23.41% revenue growth rate, a net margin of 4.83%, an ROE of 8.62%, an ROA of 1.24%, and a high debt-to-equity ratio of 4.43.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:01 pm

HPP

Analysts have provided diverse ratings for Hudson Pacific Properties (NYSE:HPP) with an average 12-month price target of $9.81, up from the previous $8.57. The ratings range from 'Neutral' to 'Buy', with recent upgrades from firms like Goldman Sachs and BMO Capital. Despite a revenue decline of -11.1% as of September 30, 2023, HPP has a strong net margin and ROA but carries a high debt-to-equity ratio of 1.77. The company specializes in office and media/entertainment properties on the West Coast.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:00 pm

IPG

Interpublic Gr of Cos (NYSE:IPG) has been evaluated by 6 analysts, with a mix of neutral and buy ratings. The average 12-month price target is now $35.0, down from $37.45, indicating a 6.54% decrease. Analysts from UBS, Citigroup, Barclays, Morgan Stanley, and Wells Fargo have adjusted their price targets, with most lowering their estimates. IPG's financial performance shows revenue growth but below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:00 pm

HAYW

Six analysts have provided ratings on Hayward Holdings (NYSE:HAYW) with an average 12-month price target of $13.75, down from $14.70. The ratings include 1 bullish, 1 somewhat bullish, and 4 indifferent. Analysts from Jefferies, Stifel, Goldman Sachs, and Keybanc have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Hayward Holdings, a manufacturer of swimming pool equipment, has seen a -10.18% decline in revenue growth and has below industry average net margin and ROE. The company's market capitalization is below industry benchmarks, and it has a conservative debt-to-equity ratio of 0.86.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:00 pm

SLB

Schlumberger Inc. (NYSE:SLB) saw a 0.87% increase in its stock price to $48.87 in the current market session, despite a decline of 6.77% over the past month and 16.15% over the past year. The article discusses the P/E ratio of Schlumberger in comparison to its industry peers, noting that Schlumberger's P/E is lower than the Energy Equipment & Services industry average. This could indicate that the stock is undervalued or that investors have lower growth expectations for the company. The P/E ratio, while useful, should not be the sole metric for investment decisions and should be considered alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 2:00 pm

ECC

Eagle Point Credit Company has announced an underwritten public offering of Series F Preferred Stock, although the specific terms of the offering have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:58 pm