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VSEC

Benchmark analyst Josh Sullivan has reaffirmed a Buy rating on VSE Corporation (NASDAQ:VSEC) and increased the price target from $70 to $85.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:08 pm

MA

Mastercard Incorporated's (NYSE:MA) blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, expressed skepticism about the current need for widespread use of central bank digital currencies (CBDCs), citing adoption challenges and the comfort of consumers with existing forms of money. While the IMF sees CBDCs as a safe and low-cost alternative to cash, and many countries are exploring or adopting them, Venkateswaran suggests they may be more justified in countries with less robust domestic payment networks. Mastercard's stock (MA) was trading down by 0.53% at the time of the report.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 4:07 pm

BTCUSD

IAT

At Benzinga’s Future of Digital Assets event, Mina Khattak of Worldpay emphasized the role of traditional banks in crypto adoption, highlighting the need for KYC and AML protocols. Panelists discussed the potential of retail banks to facilitate crypto trading and mass adoption. The industry faces challenges in rebuilding trust after numerous frauds and scams. Eric Parker of Giddy pointed out the importance of safe blockchain transactions and decentralized finance as an alternative in a high-inflation environment.

Portfolio Pulse from Neil Dennis

November 17, 2023 | 4:07 pm

OMI

JP Morgan analyst Lisa Gill has maintained an Underweight rating on Owens & Minor (NYSE:OMI) and reduced the price target from $21 to $19.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:06 pm

CGC

Canopy Growth Corporation (CGC) has been approved by the Ontario Superior Court of Justice to sell assets of BioSteel Sports Nutrition Inc. under the Companies' Creditors Arrangement Act. The sale includes assets of BioSteel Canada and BioSteel Manufacturing, LLC, which is expected to improve Canopy Growth's balance sheet. CFO Judy Hong stated that ceasing to fund BioSteel has already enhanced the company's financial position, and the sale proceeds will further improve it. Canopy's shares were up 3.2216% at $0.5479 per share.

Portfolio Pulse from Jelena Martinovic

November 17, 2023 | 4:05 pm

SPY

UNG

USO

VGK

The Energy Ministry of Russia has announced the lifting of the remaining restrictions on gasoline exports. This move could potentially affect global energy markets and prices.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:04 pm

GPS

ROST

TWST

Ross Stores, Inc. (NASDAQ:ROST) reported strong third-quarter earnings, beating estimates with $1.33 per share and revenue of $4.92 billion, leading to an 8.8% stock surge. The company also raised its FY23 EPS guidance. Other stocks like The Gap, Inc. (NYSE:GPS), Twist Bioscience Corporation (NASDAQ:TWST), and several others also moved higher on Friday after reporting positive financial results or receiving favorable analyst ratings.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 4:02 pm

HRMY

Zacks Home Run Investor Newsletter has reportedly picked Harmony Biosciences (HRMY) as a stock to watch, which could influence investor interest and trading activity in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:01 pm

DLTR

Dollar Tree (NASDAQ:DLTR) is evaluated against competitors in the Food & Staples Retailing industry. It has a lower P/E, P/B, and higher P/S ratios compared to the industry average, suggesting undervaluation but also potential overvaluation in sales. Dollar Tree's ROE, EBITDA, and gross profit are below the industry average, indicating possible inefficiencies, while its revenue growth outperforms the industry. The company's lower debt-to-equity ratio suggests a stronger financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm

CTSH

The article compares Cognizant Tech Solns (CTSH) to its IT Services industry peers, analyzing financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Cognizant, with a lower P/E, P/B, and P/S than the industry average, may be undervalued. However, its ROE, EBITDA, gross profit, and revenue growth are below the industry average, indicating potential profitability and growth challenges. The company's lower debt-to-equity ratio suggests a stronger financial position compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm