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AAPL

The article provides an analysis of Apple Inc. (NASDAQ:AAPL) in comparison to its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights Apple's financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Apple's P/E ratio is below the industry average, suggesting potential value, while its P/B and P/S ratios are significantly higher, indicating a premium valuation. Apple's ROE is substantially above the industry average, reflecting efficient profit generation. However, Apple's revenue growth is lower than the industry average, signaling a potential decline in sales performance. The article also notes Apple's moderate debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

EVH

Evolent Health (EVH) announced a proposed offering of $350M of convertible senior notes due 2029, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:53 pm

LE

Lands' End Inc (NASDAQ:LE) reported a Q3 FY23 sales decline of 12.5% Y/Y to $324.74 million, missing estimates. Global eCommerce revenue fell 13.2% Y/Y. Adjusted EPS loss was $(0.11), beating consensus. Gross margin expanded to 47%, and gross profit rose 2.8% Y/Y. Operating loss was $(101.31) million, compared to income last year. Cash stood at $38.65 million, with a 25.3% inventory reduction. Adjusted EBITDA increased slightly. LE repurchased $3 million in stock, with $31.8 million left in the program. Q4 and FY23 outlooks were provided, with shares trading up 10.98%.

Portfolio Pulse from Akanksha Bakshi

December 05, 2023 | 3:45 pm

MMSI

Merit Medical Systems Inc (NASDAQ:MMSI) stock dropped 9.5% after announcing a plan to offer $550 million in Convertible Senior Notes due 2029. The notes will be senior unsecured obligations, convertible into cash, stock, or a combination. The interest rate will be set upon pricing. Proceeds will be used for corporate purposes, including potential acquisitions, though no specific acquisition plans are disclosed.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:25 pm

MMSI

Merit Medical Systems, Inc. (MMSI) shares have declined following the announcement of a proposed private placement of $550 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:24 pm

NVDA

Traders are circulating information that Investor Business Daily's SwingTrader has purchased NVIDIA stock, indicating potential increased interest in NVDA shares.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:24 pm

SWTX

SpringWorks Therapeutics Inc (NASDAQ:SWTX) stock dropped 8.4% after announcing a public offering priced at $29.00 per share. The offering includes approximately 9.48 million shares, aiming to raise about $275.0 million before expenses. The offering is expected to close on December 7, subject to standard closing conditions. Underwriters also have an option to buy an additional 1.42 million shares within 30 days. SWTX's 52-week range is between $18.00 and $34.16.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 3:22 pm

PM

Philip Morris International Inc. (PM) presented at the 2023 Morgan Stanley Global Consumer & Retail Conference, forecasting FY23 adjusted diluted EPS of $6.05-$6.08, excluding currency impacts of $6.58-$6.61, compared to the $6.11 estimate. The company also provided a breakdown of adjustments affecting reported and adjusted diluted EPS, including asset impairment, termination of distribution arrangements, and costs related to the Swedish Match AB offer and acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:04 pm

UBER

Uber (NYSE:UBER) has been confirmed to join the S&P 500 on December 18, 2023. The company, which IPO'd at $42/share, faced challenges but became profitable in Q2 2023 after job cuts, increased delivery business profitability, and cost structure improvements. The inclusion in the S&P 500 is seen as a positive development, but the stock remains risky due to ongoing legal battles over driver classification and the lack of dividend payments. Investors are advised to consider these risks and the possibility of a dip post-induction.

Portfolio Pulse from Thrash Capital

December 05, 2023 | 2:49 pm

IBIO

iBio Inc. has announced the pricing of a $4.5 million public offering, which has led to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 2:24 pm