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AVGO

Broadcom (NASDAQ:AVGO) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. With a P/E ratio lower than the industry average, Broadcom may be undervalued based on growth potential. However, its high P/B and P/S ratios suggest possible overvaluation based on book value and sales. The company's ROE is above the industry average, indicating profitability and growth potential, but its EBITDA and gross profit are below the industry average, suggesting lower operational efficiency. Broadcom's revenue growth exceeds the industry average, showing strong sales expansion. The company's higher debt-to-equity ratio compared to top peers indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

ARVN

Arvinas Inc (NASDAQ:ARVN) shares rose 11.2% after announcing a $350 million private placement of common stock and pre-funded warrants. The funds will support clinical programs, preclinical pipeline, and general operations. The placement, co-led by EcoR1 Capital and RTW Investments, LP, is set to close on November 28. BofA Securities, Inc. and Goldman Sachs & Co. LLC were the joint lead placement agents.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 3:47 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) stock is trading higher due to increased Cyber Monday expectations, with sales projected to reach $12 billion to $12.4 billion, an 8% year-over-year increase. 'Buy Now, Pay Later' usage is also expected to hit a record high, contributing $782 million in online spending, an 18% increase from the previous year. PayPal, known for its online payment solutions, is benefiting from this positive e-commerce trend.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 3:10 pm

SPY

The New Home Sales (MoM) for October showed a decrease of 5.6%, indicating a potential slowdown in the housing market. This could have implications for the broader economy and sectors related to home construction and real estate.

Portfolio Pulse from Bill Haddad

November 27, 2023 | 3:01 pm

SPY

October's new home sales were reported at 679K, falling short of the estimated 721K. This indicates a potential slowdown in the housing market, which could impact related sectors and stocks.

Portfolio Pulse from Bill Haddad

November 27, 2023 | 3:00 pm

AWH

Aspira Women's Health has received the final crosswalk pricing determination from the Centers for Medicare & Medicaid Services (CMS). CMS has set the 2024 price for Aspira's OvaWatchSM test at $897 per test.

Portfolio Pulse from Bill Haddad

November 27, 2023 | 2:48 pm

EM

Smart Share Global Ltd (NASDAQ:EM) reported a 24.7% year-on-year decline in Q3 FY23 sales to $84.08 million, primarily due to a decrease in mobile device charging revenues. The company's mobile device charging revenues fell 30.3% to $77.3 million. General and administrative expenses increased by 26.1% to $5.1 million, while operating income was $4.7 million. Smart Share Global had $455.0 million in cash and equivalents and saw an increase in service availability and registered users. However, adjusted earnings per ADS of $0.03 missed the consensus estimate of $0.10, and shares traded lower by 0.65% at $0.7450.

Portfolio Pulse from Shivani Kumaresan

November 27, 2023 | 2:39 pm

AFRM

Affirm Holdings Inc (NYSE:AFRM) stock is trading higher due to expectations of record Cyber Monday sales, with projections of $12 billion to $12.4 billion, surpassing initial estimates. The growth is partly attributed to the 'Buy Now, Pay Later' services, which Affirm provides, and is expected to contribute $782 million in online spending, an 18% increase from the previous year. Affirm's stock rose 4.84% to $27.50 at the time of the report.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 2:24 pm

FAMI

Farmmi, Inc. has successfully shipped a high-volume repeat order of its agricultural products to a customer in Chile. This marks another achievement for the company in expanding its global footprint and demonstrates the customer's satisfaction and continued trust in Farmmi's products.

Portfolio Pulse from Bill Haddad

November 27, 2023 | 2:16 pm

NCNC

noco-noco Inc. (NASDAQ:NCNC) plans to acquire 51% of Japanese EV manufacturer Assemblepoint for $3.6M via a share swap. The deal, expected to close in Q1 2024, aims to leverage noco-noco's battery technology and Assemblepoint's scalable Smart Bus assembly to address environmental and transportation challenges. The acquisition is anticipated to be accretive to noco-noco's revenue and earnings in 2024 and will support its expansion in the EV market across Asia and the Middle East. The Philippines, a key market, aims to reduce emissions by 75% by 2023, and the partnership will help overcome challenges like lack of charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:46 pm