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The New York Yankees acquired MLB superstar Juan Soto from the San Diego Padres, improving their odds for the 2024 World Series. Soto's impressive stats and history, including a World Series win and high MVP voting placements, bolster the Yankees' lineup. The trade has led to improved betting odds for the Yankees across various sportsbooks, including DraftKings, FanDuel, and BetMGM, with the team now among the top three favorites to win the World Series.

Portfolio Pulse from Chris Katje

December 07, 2023 | 4:22 pm

LEE

Lee Enterprises Inc (NASDAQ:LEE) reported Q4 FY23 operating revenue of $164.0 million, below the consensus of $173.4 million. Digital revenue grew 14% Y/Y to $73 million, with digital-only subscription revenue up 68% Y/Y. Adjusted EBITDA was $30 million, and net loss was $(1) million. EPS of $(0.32) missed the consensus of $1.40. The company expects FY24 digital revenue of $310-$330 million and adjusted EBITDA of $83-$90 million. LEE shares dropped 8.42% to $9.90.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 4:15 pm

MNDY

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $200 to $225. This adjustment suggests a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:12 pm

AAMC

Altisource Asset Management Corp (AAMC) shares have resumed trading. The news article does not provide additional context or details regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:12 pm

IGMS

HC Wainwright & Co. analyst Robert Burns has downgraded IGM Biosciences (NASDAQ:IGMS) from Buy to Neutral and reduced the price target from $11 to $7.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:10 pm

AAMC

Shares of Altisource Asset Management Corp (AAMC) were halted due to a circuit breaker after surging 68.3% to the upside. Circuit breakers are designed to prevent extreme volatility in the stock market.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:09 pm

BRZE

Braze shares have experienced increased volatility and are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:02 pm

LQDT

Liquidity Services (NASDAQ:LQDT) reported Q4 revenues of $79.96 million, missing analyst expectations of $82.73 million, but saw a 6% Y/Y increase. Adjusted EPS was $0.26, surpassing the $0.24 estimate. GMV for Q4 rose 11% Y/Y to $315.6 million. Segment-wise, GovDeals revenue increased 13%, RSCG by 15%, while CAG decreased 27% due to the prior year's large transactions. Adjusted EBITDA was $12.8 million, up from the previous year. The company has a strong cash balance of $118.2 million and no financial debt. Q1 outlook anticipates GMV between $295 million-$325 million and adjusted EPS of $0.12-$0.19, with GAAP net income expected between $1.5 million-$4.0 million. LQDT shares dropped 12.6% to $17.40.

Portfolio Pulse from Nabaparna Bhattacharya

December 07, 2023 | 4:02 pm

ADP

Automatic Data Processing (NASDAQ:ADP) is analyzed against competitors in the Professional Services industry. ADP shows favorable growth potential with a PE ratio slightly below the industry average, a low PB ratio suggesting undervaluation, and a high PS ratio indicating potential overvaluation. The company's ROE, EBITDA, gross profit, and revenue growth are all significantly above industry averages, demonstrating strong financial performance. ADP's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 4:00 pm

ADI

Analog Devices (NASDAQ:ADI) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. ADI shows a lower P/E, P/B, and P/S ratios compared to the industry average, suggesting potential undervaluation. However, its ROE, EBITDA, and revenue growth are below the industry average, indicating possible inefficiencies and a sales slowdown. ADI's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 4:00 pm