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Stock Prices

CSX

CSX Inc. (NASDAQ:CSX) stock has seen a 10.05% increase over the past month and a 7.19% increase over the past year. The stock's P/E ratio of 17.68 is lower than the Ground Transportation industry average of 28.81, which could indicate that CSX is undervalued or may have weaker growth prospects compared to its peers. Investors use the P/E ratio to gauge a company's valuation and future performance expectations.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:45 pm

BMBL

Bumble Holdings has agreed to repurchase 3.19 million LP interests from Blackstone at a price of $13.8807 per equity interest, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:44 pm

CSTM

BMO Capital analyst Katja Jancic has maintained an Outperform rating on Constellium (NYSE:CSTM) and increased the price target from $22 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:43 pm

CVNA

Carvana Co. (CVNA) stock is experiencing an uptick following an upgrade by JP Morgan from 'Underweight' to 'Neutral'. Additionally, JP Morgan increased their price target for Carvana from $25 to $40, signaling a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:43 pm

BMBL

Bumble Inc (BMBL) has entered into an agreement with entities affiliated with Blackstone Inc. (BX) to repurchase 4 million shares of its Class A common stock from Blackstone, according to an SEC filing on December 3.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:43 pm

FUTU

IBKR

SCHW

TIGR

Futu Holdings Ltd. (NASDAQ:FUTU) reported a 36% increase in overall revenue in Q3, driven by a 5.3% rise in fee-based revenue and a significant 71% increase in interest income due to U.S. Federal Reserve rate hikes. The company expanded into Japan and Canada, now serving seven markets. Despite a challenging global stock market, Futu's diverse investment products and geographic expansion helped grow its paying client base by 14% year-on-year to 1.65 million. Analysts are cautious about future growth as the interest income boost may fade. Futu's stock performance remains strong, with a year-to-date increase of over 40%, and a P/E ratio of 17, comparable to Charles Schwab (NYSE:SCHW) but lower than Interactive Brokers (NASDAQ:IBKR) and UP Fintech (NASDAQ:TIGR). Futu's entry into Japan faces challenges from zero-commission trading by local brokers, but the company sees potential profitability by offering U.S. stock trading to Japanese customers and introducing Japan stock trading to clients in other markets.

Portfolio Pulse from The Bamboo Works

December 04, 2023 | 1:43 pm

EPD

ICE

OKE

Enterprise Products Partners L.P. (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver for ICE Midland WTI (HOU) crude deliveries between ECHO and MEH terminals until the end of 2025. This move follows a record trading quarter for HOU futures and is expected to incentivize further trading and management of Midland WTI exposure. The waiver also applies to ICE's EFP and ADP mechanisms, enhancing the attractiveness of HOU futures. ICE's global energy markets continue to grow, with open interest reaching a record 52.6 million contracts.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:40 pm

BITF

CAN

MSTR

Shares of crypto-related companies BITF, CAN, and MSTR are trading higher following a weekend increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:40 pm

PEG

SRE

XEL

Wall Street's most accurate analysts have recommended three utilities stocks with over 3% dividend yields: Sempra (SRE), Xcel Energy Inc. (XEL), and Public Service Enterprise Group (PEG). These stocks are considered attractive during market uncertainty due to their high dividend payouts. Recent analyst actions include rating changes and price target adjustments. Sempra recently announced a new CFO, Xcel Energy reported lower-than-expected earnings, and Public Service Enterprise posted strong earnings.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:40 pm

COIN

HLI

LOB

PJT

Four financial stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. Coinbase Global (COIN) has an RSI of 87.12, PJT Partners (PJT) 79.84, Houlihan Lokey (HLI) 75.74, and Live Oak Bancshares (LOB) 72.69. COIN recently saw a price target increase from Mizuho, PJT and HLI are set to join S&P indices, and LOB appointed a new CFO.

Portfolio Pulse from Lisa Levin

December 04, 2023 | 1:39 pm