Streetbeat News

Stock Prices

FUND

Sprott Focus Trust (NASDAQ:FUND) announced a quarterly dividend of 12.7 cents per share, with Tuesday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 12.7 cents lower. The dividend is scheduled to be paid on December 28, 2023.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:45 pm

VLY

Valley National Bancorp (NASDAQ:VLY) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 3, 2024. The stock is expected to open 11 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:45 pm

SHEL

Shell PLC (NYSE:SHEL) is reportedly considering a $5 billion investment in Nigeria's offshore Bonga North oil project and an additional $1 billion investment over the next 5-10 years to boost natural gas production. The investments were discussed during a meeting between Nigerian President Bola Tinubu and Shell's director of gas and upstream operations, Zoe Yujnovich. Nigeria's offshore production has seen recent improvements, leading to increased output. Shell's stock (SHEL) saw a 0.6% increase to $63.66.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 2:43 pm

AGRO

HLF

IMKTA

Benzinga Insights identifies five value stocks in the consumer defensive sector with low P/E ratios, suggesting they may be undervalued. The stocks are Herbalife (HLF), Adecoagro (AGRO), iHuman (IH), Bunge Global (BG), and Ingles Markets (IMKTA). The article provides recent earnings per share (EPS) and dividend yield changes for these companies, indicating their financial performance and investor returns.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:40 pm

CPAC

GGB

LOMA

STLD

VALE

The article identifies five value stocks in the basic materials sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. The stocks are Loma Negra Cia Industria (LOMA), Cementos Pacasmayo (CPAC), Vale (VALE), Steel Dynamics (STLD), and Gerdau (GGB). It provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their financial performance and investor returns.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:39 pm

PEP

PepsiCo, Inc. (NASDAQ: PEP) has a dividend yield of 2.99% with a payout of $5.04. To earn $500 monthly from dividends, an investment of $200,669 is needed, equating to 1,188 shares at the current price of $168.90. The company's dividend expenses increased by 9.7% for the 12 weeks and 8.7% for the 36 weeks ending Sept. 9, 2023, compared to the same periods in 2022. The article also notes that dividend yield is inversely correlated with stock price changes.

Portfolio Pulse from Shankar Iyer

December 08, 2023 | 2:36 pm

BTCUSD

BTTUSD

ETHUSD

Cryptocurrency prices rose with Bitcoin (BTC) trading above $43,700 and Ethereum (ETH) surpassing the $2,300 mark. BitTorrent (New) (BTT) was the top gainer with a 43.6% increase, while ORDI experienced the largest loss, dropping by 7.3%. The positive movement in crypto markets follows a favorable jobs report indicating non-farm payrolls grew by 199,000 in November. The global crypto market cap increased by 2.6% to $1.62 trillion.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 2:35 pm

DOW

Dow Inc. (NYSE:DOW) stock is currently trading at $51.12, marking a 0.10% increase. Over the past month, the stock has risen by 3.31%, and it has seen a marginal increase of 0.02% over the past year. Investors are considering the price-to-earnings (P/E) ratio to determine if the stock is overvalued. Dow's P/E ratio of 27.76 is significantly higher than the Chemicals industry average of 10.39, which could suggest that the stock is overvalued or expected to outperform its industry peers.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:31 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market, with an average annual return of 66.49% over the past 5 years. An initial investment of $1000 in BLDR 5 years ago would be worth $12,613.66 today. The company currently has a market cap of $18.00 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:31 pm

VRT

Over the past 5 years, Vertiv Hldgs (NYSE:VRT) has produced an average annual return of 35.27%, outperforming the market by 23.67% on an annualized basis. A $100 investment in VRT 5 years ago would be worth $451.52 today. Vertiv Hldgs currently has a market cap of $17.02 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:31 pm