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AAL

ALGT

MLI

PANL

PLPC

The article provides an overview of value stocks in the industrials sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Notable value stocks mentioned include Mueller Industries (MLI), Preformed Line Products (PLPC), Pangaea Logistics Solns (PANL), Allegiant Travel (ALGT), and American Airlines Group (AAL). The article details their recent earnings per share and dividend yields, noting changes from the previous quarter. These stocks were selected by Benzinga Insights using a quantified analysis to give investors additional insight.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:41 pm

VTV

VUG

Todd Gordon, founder of Inside Edge Capital and TradingAnalysis.com, reviewed 2023 and provided predictions for 2024 on Benzinga's PreMarket Prep. He admitted over-diversifying his growth fund in 2023 but noted the tech sector's resilience. For 2024, he highlighted the importance of yield curves and predicted a stable interest rate environment, which could benefit tech investments. Growth stocks, particularly the Vanguard Growth ETF (VUG), are expected to outperform value stocks, like the Vanguard Value ETF (VTV). Gordon also mentioned the large amount of money in money market funds and the potential impact of Federal Reserve rate adjustments. He remains cautiously optimistic about the continuation of the bull market and sees growth in AI, cloud computing, and cybersecurity.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 2:41 pm

BEPC

CIG

ENIC

OPAL

SPH

Benzinga Insights has identified several value stocks in the utilities sector based on low P/E ratios. These include OPAL Fuels (OPAL), Cia Energetica DE Minas (CIG), Brookfield Renewable (BEPC), Enel Chile (ENIC), and Suburban Propane Partners (SPH). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, noting that value stocks may take time to rebound and carry the risk of not doing so.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:38 pm

NVDA

SPY

SSNLF

Nvidia Corp (NASDAQ:NVDA) is trading higher after reports of making significant advance payments to SK Hynix and Micron Technology, Inc (NASDAQ:MU) for High Bandwidth Memory (HBM). The payments, totaling billions, aim to secure a stable supply of HBM3e for Nvidia's 2024 GPU products. This move is seen as a proactive strategy in a competitive market. Nvidia's investment is also beneficial to memory suppliers like SK Hynix and Samsung Electronics Co (OTC:SSNLF), especially after a challenging year. Samsung has completed product testing for HBM3 and HBM3e and signed a supply contract with Nvidia, although its technology might require additional processes. Nvidia's stock has outperformed SPDR S&P 500 (NYSE:SPY) with a year-to-date gain of over 244%.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 2:37 pm

BONKUSD

BSVUSD

BTCUSD

ETHUSD

Cryptocurrency prices saw a slight increase with Bitcoin (BTC) trading above $42,800 and Ethereum (ETH) above $2,200. Bitcoin SV (BSV) emerged as the top gainer with a 24% increase, while Bonk (BONK) was the biggest loser, dropping 14.1%. The global crypto market cap rose to $1.67 trillion, marking a 0.5% gain over 24 hours. Other notable gainers include Polygon (MATIC), Mina (MINA), Astar (ASTR), and Optimism (OP).

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 2:34 pm

ECL

Ecolab (NYSE:ECL) has delivered an average annual return of 10.38% over the past 20 years, outperforming the market by 2.91% annually. A $100 investment in ECL 20 years ago would be worth $734.62 today. Ecolab's market cap stands at $56.64 billion, highlighting the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:32 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has produced an average annual return of 16.24%, outperforming the market by 2.53% on an annualized basis. A $100 investment in TGT 5 years ago would be worth $213.35 today. Target's current market capitalization stands at $65.09 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:31 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) stock has seen a 0.38% increase in the current session, trading at $1136.24. Over the past month and year, the stock has risen by 20.77% and 103.70%, respectively. The company's P/E ratio of 34.32 is lower than the industry average of 110.62, which could indicate potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios among other financial metrics and qualitative factors for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 2:30 pm

RPHM

Reneo Pharmaceuticals' stock price has risen following an acquisition proposal from Concentra to purchase all outstanding shares at $1.80 each.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 2:29 pm

ADSE

ADS-TEC Energy PLC (NASDAQ:ADSE) has entered into a definitive agreement for a private investment from Svelland Capital. The deal is set to close on December 28, 2023, with undisclosed financial terms. The investment is expected to strengthen ADS-TEC's financial position, allowing for strategic initiatives and securing profitable opportunities. CEO Thomas Speidel anticipates the strongest quarter in company history for Q4 2023 in terms of revenues and margins, with positive expectations for 2024. ADS-TEC specializes in lithium-ion battery storage solutions and fast charging systems. ADSE's stock closed up 0.73% at $6.90.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 2:27 pm