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Equity Actions

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) has announced its preliminary Q3 2023 financial results, expecting record revenue for the 6th consecutive quarter, with net revenue up nearly 15% sequentially to approximately $140 million. The company also announced key leadership changes, including the appointment of Mark Cassebaum as CFO. AAWH's shares traded 0.0118% higher at $0.85 per share after the market close on Tuesday.

Portfolio Pulse from Jelena Martinovic

October 25, 2023 | 4:43 pm

SPY

TLT

The Bureau of Economic Analysis (BEA) is set to release its Q3 GDP estimates for the U.S., with expectations of a robust growth rate of 4.3%. Goldman Sachs and Atlanta Fed predict even higher growth rates of 4.6% and 5.4% respectively. The primary driver of this economic upswing is anticipated to be consumer expenditure. Previous GDP announcements have impacted the SPDR S&P 500 ETF Trust (SPY) and the iShares 20+ Year Treasury Bond ETF (TLT).

Portfolio Pulse from Piero Cingari

October 25, 2023 | 4:35 pm

OSTK

Overstock.com Inc (NASDAQ:OSTK) has announced a major rebrand following its acquisition of the IP and digital assets from Bed Bath & Beyond. The company will change its corporate name to Beyond, Inc., change its ticker from OSTK to BYON, and transfer its common share listing from the Nasdaq to the NYSE. The changes are expected to be completed by Nov. 6, 2023. The company also recently added Marcus Lemonis, CEO of Camping World, to its Board of Directors.

Portfolio Pulse from Chris Katje

October 25, 2023 | 4:21 pm

GOOG

GOOGL

Stephanie Link, a well-known investor, announced live on CNBC that she has purchased shares of Alphabet Inc.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:13 pm

EL

Estee Lauder Cos Inc. (NYSE:EL) is currently trading at $136.27, after a 1.27% decrease. Over the past month, the stock decreased by 2.66%, and in the past year, by 33.32%. The company's P/E ratio is 49.47, higher than the aggregate P/E ratio of 37.32 of the Personal Products industry, indicating that the stock might be overvalued.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:01 pm

ADP

Automatic Data Processing (ADP) has been evaluated against its peers in the Professional Services industry. The company's P/E ratio of 29.29 is significantly below the industry average, suggesting potential undervaluation. However, its P/B ratio of 28.23 and P/S ratio of 5.81 are above the industry average, indicating potential overvaluation. ADP's ROE of 21.57%, EBITDA of $1.25 billion, gross profit of $1.76 billion, and revenue growth of 6.03% are all higher than the industry average, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

ADI

An analysis of Analog Devices (NASDAQ:ADI) compared to its competitors in the Semiconductors & Semiconductor Equipment industry reveals that the company's stock is potentially undervalued. The company's Price to Earnings (P/E), Price to Book (P/B), and Price to Sales (P/S) ratios are all lower than the industry average. However, the company's Return on Equity (ROE), EBITDA, gross profit, and revenue growth are also lower than the industry average, indicating potential inefficiencies and challenges. The company's debt-to-equity ratio is lower than its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

ADBE

The article provides a detailed comparison of Adobe Inc. (NASDAQ:ADBE) with its competitors in the software industry. Adobe's P/E ratio is lower than the industry average, suggesting potential growth. However, its P/B and P/S ratios are higher, indicating possible overvaluation. Adobe's ROE, EBITDA, and gross profit are higher than the industry average, suggesting strong profitability and efficiency. However, its revenue growth is below the industry average, indicating potential struggles in increasing sales volume.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

PSA

A significant bearish stance has been observed in the options activity for Public Storage (NYSE:PSA). Out of the 21 unusual trades detected, 57% were bearish and 42% bullish. The total amount for the 19 puts was $2,608,615 and for the 2 calls was $96,267. Whales have been targeting a price range from $240.0 to $260.0 for Public Storage over the last 3 months. Goldman Sachs and Wells Fargo have downgraded their actions on PSA with price targets of $310 and $270 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:47 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The whales have been targeting a price range from $15.0 to $54.0 for Uber over the last 3 months. Needham and Seaport Global have downgraded their actions to Buy with price targets of $60 and $51 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:31 pm