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Equity Actions

NVDA

Steve Weiss, a frequent guest on CNBC, announced that he has sold his Nvidia (NVDA) shares.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 4:17 pm

A significant bullish stance has been observed in Micron Technology's options activity, with 64% of investors opening trades with bullish expectations. Whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. Citigroup, Baird, Morgan Stanley, and Rosenblatt have given price targets of $85, $65, $58, and $100 respectively.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:16 pm

COST

The article provides a detailed comparison of Costco Wholesale (NASDAQ:COST) with its competitors in the Food & Staples Retailing industry. Costco's Price to Earnings ratio is significantly below the industry average, suggesting undervaluation. However, its Price to Book and Price to Sales ratios are higher than the industry average, indicating potential overvaluation in terms of book value and sales performance. Costco's Return on Equity is higher than the industry average, demonstrating efficient use of equity. However, its EBITDA and gross profit are lower than the industry average, indicating potential profitability challenges. Costco's revenue growth significantly exceeds the industry average, indicating strong sales performance.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CME

The article provides an in-depth analysis of CME Group's (NASDAQ:CME) performance compared to its peers in the Capital Markets industry. The analysis includes key financial metrics, market position, and growth potential. CME Group's P/E, P/B, and P/S ratios suggest that the company is undervalued compared to its peers. However, the company's high P/S ratio indicates potential overvaluation in terms of sales performance. CME Group has a lower ROE, but higher EBITDA and gross profit margins. The company also shows strong revenue growth.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CMCSA

The article provides a comprehensive analysis of Comcast (NASDAQ:CMCSA) in comparison to its major competitors within the Media industry. The analysis includes financial metrics, market position, and growth potential. Comcast's P/E ratio is 1.68x above the industry average, indicating a premium valuation. The P/B ratio is lower than the industry average, suggesting potential undervaluation. The P/S ratio is 1.26x the industry average, indicating potential overvaluation based on sales performance. The company's ROE is slightly below the industry average. Comcast's EBITDA and gross profit are significantly above the industry average, indicating strong profitability. The company's revenue growth surpasses the industry average.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

STM

STMicroelectronics Inc. (NYSE:STM) shares are trading at $44.09, after a 1.65% decrease. Over the past month, the stock fell by 0.32%, but over the past year, it increased by 41.99%. The company's P/E ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:45 pm

GPAK

Gamer Pakistan's IPO shares have started trading at $4.20 per share, which is higher than the initial pricing of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:38 pm

GPAK

Gamer Pakistan, a gaming company, has opened its Initial Public Offering (IPO) shares for trade.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:37 pm

AAPL

AMZN

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QQQ

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USO

The ongoing conflict in the Middle East, particularly the bloodshed in Israel and Gaza, is having broad implications for investors. The SPDR S&P 500 ETF Trust (NYSE:SPY) has pulled back to the bottom band of the top support zone due to the conflict. The stock market is assuming that the conflict will be contained to Gaza, but investors are urged to consider the potential for a wider conflict. The Arora Report suggests that Iran may have masterminded the attack on Israel, and if Iran were to block the Strait of Hormuz, oil prices could skyrocket. The conflict has also disrupted Biden's security plan and his reelection strategy. In early trade, money flows are negative in several major tech companies, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 09, 2023 | 3:33 pm

HYMTF

Hyundai Motor Co has reduced the asking price for its auto plant in China by 30% to 2.58 billion yuan ($353.38 million). The plant, located in Chongqing, is part of a joint venture with Beijing Automotive Group Co. The sale is part of Hyundai's plan to revise its business strategy in China due to strong price competition and weak demand. The company is selling the plant's land use rights and equipment, which has an annual capacity of 300,000 cars.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 3:32 pm