Streetbeat News

Stock Prices

ABR

AFCG

FPH

TCI

Benzinga Insights identifies five value stocks in the real estate sector with low P/E ratios, suggesting potential undervaluation. Ready Capital, Five Point Holdings, Transcontinental Realty, Arbor Realty Trust, and AFC Gamma are highlighted for their P/E multiples and recent financial performance, including earnings per share and dividend yields. The article notes that while value stocks may be poised for a rebound, there is a risk they may not realize their expected potential.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:39 pm

IMMX

Immix Biopharma, Inc. (IMMX) reported a 100% overall response rate and 70% complete response rate for its CAR-T therapy NXC-201 in a Phase 1b/2a study for relapsed/refractory AL Amyloidosis patients. The best response duration was 23.7 months and ongoing as of December 10, 2023. The study was presented at the 65th American Society of Hematology Meeting. NXC-201 is the first CAR-T in clinical development for AL amyloidosis and has received Orphan Drug Designation by the FDA. The prevalence of the disease is growing by 12% per year, with an estimated 29,712 patients in 2023. The Amyloidosis market is expected to reach $6 billion by 2025.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:39 pm

CRH

CRH (NYSE:CRH) has outperformed the market with an average annual return of 20.6% over the past 5 years. A $100 investment in CRH 5 years ago would now be worth $242.86. The company's current market capitalization stands at $45.20 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:30 pm

CVE

Cenovus Energy (NYSE:CVE) has delivered an average annual return of 16.26% over the past 5 years, outperforming the market by 4.22% on an annualized basis. A $100 investment in CVE stock 5 years ago would be worth $205.42 today. The company's current market capitalization stands at $30.67 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 2:30 pm

JD.com Inc (NASDAQ:JD) stock is declining after the announcement that it will be removed from the Nasdaq-100 Index. The annual reconstitution of the Nasdaq-100 Index, effective December 18, 2023, excludes JD.com along with several other companies. Despite the index removal, analysts have predominantly positive ratings on JD.com, with an average 12-month price target of $58.24. At the time of the report, JD.com's shares had fallen by 3.97% to $25.40.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 2:28 pm

QQQ

SPY

TLT

UUP

The upcoming release of the November Consumer Price Index (CPI) data is highly anticipated as it coincides with the Federal Open Market Committee (FOMC) meeting. Economists expect the annual CPI inflation rate to ease to 3.1% from October's 3.2%, potentially marking the slowest rate since June. Core CPI is forecasted to remain at 4% annually. The previous CPI release led to a rise in SPY and QQQ, while TLT fell and UUP tumbled. The December FOMC meeting will also update economic projections, contrasting with market expectations of rate cuts by 2024.

Portfolio Pulse from Piero Cingari

December 11, 2023 | 2:25 pm

PRLD

Prelude Therapeutics has agreed to sell pre-funded warrants to institutional investors, allowing the purchase of up to 7,936,759 shares of common stock at $3.1499 per warrant. The warrants are immediately exercisable at $0.0001 per share and will not expire. The exercise of warrants is limited to prevent ownership exceeding 4.99% of outstanding shares, unless a higher percentage is set by the holder. The net proceeds of approximately $24.9 million will fund the SMARCA2 portfolio, working capital, and general corporate purposes. The offering is expected to close on December 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:24 pm

PARA

Loop Capital analyst Alan Gould has downgraded Paramount Global (NASDAQ:PARA) from Hold to Sell and set a new price target of $12.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:19 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading lower due to a pullback in Bitcoin's price after a recent rally. The decline in Bitcoin is attributed to profit-taking following a 13% increase over the last week and a 150% rise year-to-date. The broader crypto rally has been fueled by optimism for a potential Bitcoin ETF and expectations that the Federal Reserve may stop rate hikes or discuss rate cuts.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 2:18 pm

LUCD

PAVM

PAVmed Inc. (NASDAQ:PAVM) has provided additional details regarding the distribution of approximately 3.3 million shares of Lucid Diagnostics Inc. (NASDAQ:LUCD) common stock to its shareholders. Shareholders on record as of January 15, 2024, will receive about 41 shares of LUCD for every 100 shares of PAVM they own. The distribution is expected to occur within 30 days of the record date. PAVmed recently underwent a reverse stock split and has about 8.1 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 2:18 pm