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Stock Prices

PKX

POSCO Holdings Inc. (NYSE:PKX) stock has risen by 20.86% over the past month and 62.06% over the past year, currently trading at $92.45. The company's P/E ratio of 28.6 is higher than the Metals & Mining industry average of 15.1, which may suggest better performance or overvaluation. Investors use P/E ratios to compare current performance to past earnings and industry standards, but should also consider other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 3:46 pm

MU

Micron Technology, Inc. (NASDAQ:MU) shares fell despite the company raising its Q1 FY24 revenue outlook to $4.7 billion, above the street view of $4.46 billion. The improved forecast is due to a better supply and demand balance and pricing. Non-GAAP gross margin is expected to be between (0.5%) and 0.0%, an improvement from the previous (4%) ± 2%. However, non-GAAP operating expenses are projected to be higher at $990 million compared to the earlier $900 million ± $15 million. Non-GAAP EPS is anticipated to be around $(1.00), slightly better than the previous $(1.07) ± $0.07 but still below the street view of $(0.99). Despite the positive forecast, MU shares dropped by 3.73% to $74.62.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 3:45 pm

WOR

WPC

W. P. Carey Inc. (WPC) shares are trading higher following the announcement that it will replace Worthington Industries Inc. (WOR) in the S&P MidCap 400 index.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:45 pm

QQQ

SPY

U.S. consumer confidence rose to 102 in November, exceeding expectations, despite concerns of a potential recession signaled by the Expectations Index remaining below 80 for the third consecutive month. The increase was mainly among older households, while confidence among those aged 35-54 declined. Inflation expectations decreased slightly, and the labor market outlook improved modestly. The U.S. dollar index saw a minor increase, and stock markets had a limited response, with SPY and QQQ both dropping by 0.1%.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 3:45 pm

CG

Carlyle Group Inc. (CG) shares have risen following the announcement that the company will be replacing ICU Medical in the S&P MidCap 400 index. This inclusion in the index often leads to increased demand for shares from funds that track the index, potentially boosting the stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:44 pm

THAR

Tharimmune shares have dropped following the announcement of a $10 million public offering. The offering is likely dilutive to existing shareholders, causing the stock price to decrease.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:43 pm

SPY

Fed Governor Christopher Waller stated that if inflation shows a consistent decline, there is 'no reason' to keep interest rates 'really high'. This comment suggests a potential easing of the aggressive interest rate hikes that the Federal Reserve has been implementing to combat high inflation.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:42 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) has shifted its healthcare strategy to offering discounted virtual doctor visits, moving away from previous ambitions to revolutionize American healthcare. The company has faced setbacks in healthcare ventures, discontinuing projects like Haven and Amazon Care, and scrapping its wearable health devices. Amazon's current healthcare approach involves One Medical, a primary-care chain it acquired, and PillPack, a mail-order pharmacy. Despite investments, Amazon has not significantly impacted the healthcare industry. Amazon also had a busy 2023 with 27,000 job cuts and restructuring, integrating AI technology across divisions. AMZN shares dropped by 0.89% to $146.42.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 3:41 pm

VNO

Citigroup analyst Emmanuel Korchman has maintained a Sell rating on Vornado Realty (NYSE:VNO) but increased the price target from $12 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:39 pm

AMZN

BABA

Amazon.com Inc (AMZN) and Alibaba Group Holding Ltd (BABA) are compared as investment options. Amazon's subscription business is growing, and it has become the largest e-commerce delivery service in the U.S. Amazon has reduced the cost of One Medical service and plans to run ads on Prime Video. Despite potential labor strike risks, its revenue growth and profits are strong. Amazon's stock has risen 72.14% YTD, while Alibaba's has fallen 15.71%. Alibaba's P/E ratios are more attractive, but concerns over competition, economic downturns, and political influence persist. Analysts see a higher upside for Alibaba, but uncertainties keep Amazon as the preferred choice among investors.

Portfolio Pulse from Surbhi Jain

November 28, 2023 | 3:37 pm