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Equity Actions

COST

The analysis compares Costco Wholesale (COST) against competitors in the Consumer Staples Distribution & Retail industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Costco's stock appears overvalued based on P/E, P/B, and P/S ratios compared to industry averages but shows strong profitability and growth potential with higher ROE and revenue growth. Operational efficiency and cost management are areas of concern due to lower EBITDA and gross profit figures.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:00 pm

BIO

Bio-Rad Laboratories (NYSE:BIO) has received mixed analyst ratings over the last three months, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target is $412.5, a slight decrease from previous targets. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Bio-Rad, a leader in clinical diagnostics and life sciences, shows a lower market capitalization compared to industry averages, a -6.72% decline in revenue growth, but strong profitability indicators such as a net margin of 51.34% and high ROE and ROA. The company's financial health is solid, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:00 pm

DGMLF

De Grey Mining (OTCPK: DGMLF) plans to raise $395 million to finance its Hemi Gold Project in Western Australia, aiming for first gold production in H2 2026. The raise includes issuing 545.5 million shares through institutional placement and entitlement offer, with the project expected to produce 530,000 ounces annually over its first decade.

Portfolio Pulse from Stjepan Kalinic

May 08, 2024 | 2:40 pm

CRAK

DINO

FXN

HF Sinclair Corporation (NYSE:DINO) shares surged after reporting Q1 FY24 results, with adjusted EPS of $0.71 beating consensus despite a 7% revenue decline and a 43% drop in adjusted EBITDA. The company also announced a $0.50 per share dividend and a new $1 billion share repurchase authorization. Investors can also gain exposure through VanEck Oil Refiners ETF (NYSE:CRAK) and First Trust Energy AlphaDEX Fund (NYSE:FXN).

Portfolio Pulse from Lekha Gupta

May 08, 2024 | 2:36 pm

ELF

e.l.f. Beauty's (NYSE:ELF) short interest has increased by 22.49% since the last report, with 3.37 million shares sold short, representing 8.66% of its float. This indicates a bearish market sentiment compared to its peers, where the average short interest as a percentage of float is 6.48%. However, an increase in short interest does not necessarily predict a decline in stock price in the near term.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:30 pm

WRK

WestRock's (NYSE:WRK) short interest has decreased by 16.54% since the last report, with 14.59 million shares sold short, representing 6.46% of its float. This decline in short interest could indicate a more bullish sentiment towards WRK compared to its peers, where the average short interest as a percentage of float is 2.93%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:30 pm

DINO

HF Sinclair's stock is trading higher following the announcement of mixed Q1 financial results and a new $1 billion stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:29 pm

SGRP

SPAR Group has repurchased 1 million shares at $1.80 each from board member William Bartels, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:15 pm

POWL

Powell Industries (NYSE:POWL) has seen a 20.14% increase in short interest since its last report, with 1.40 million shares sold short, representing 17.78% of its float. This places it above its peer group average of 11.39% in short interest. The rise in short interest suggests a bearish market sentiment, but it's also noted that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:15 pm

EBS

Emergent BioSolutions (NYSE:EBS) has seen a 23.58% decrease in short interest, now at 5.89 million shares or 13.77% of float, taking 5.53 days to cover. This decline in short interest could indicate a more bullish sentiment towards EBS compared to its peers, where the average short interest is 7% of float.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:15 pm