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CDW

CDW Corp (NASDAQ:CDW) is evaluated against competitors in the Electronic Equipment, Instruments & Components industry. CDW trades at a premium with a P/E of 26.53, P/B of 15.73, and P/S of 1.33, all above industry averages. The company has a strong ROE of 18.43% and higher EBITDA and gross profit compared to peers. However, CDW's revenue growth is negative at -9.45%, below the industry average. CDW also has a higher debt-to-equity ratio of 3.24, indicating potential financial risk.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm

STM

Over the past 10 years, STMicroelectronics (NYSE:STM) has produced an average annual return of 19.7%, outperforming the market by 10.03% on an annualized basis. A $100 investment in STM a decade ago would be worth $630.75 today. The company's current market capitalization stands at $42.33 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm

SIBN

Over the last 3 months, 5 Wall Street analysts have provided ratings for SI-BONE (NASDAQ:SIBN), with 2 being bullish and 3 somewhat bullish. The average 12-month price target is $26.00, with a high of $30.00 and a low of $25.00, representing a 15.23% decrease from the previous target of $30.67. Analysts rate stocks based on company financials, meetings, and insider information, typically quarterly or after major updates.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 4:00 pm

UDN

UUP

The dollar index (DXY) rose 0.3% to 103.57, while equity markets paused their rally. Investors question if dovish U.S. interest rate expectations are overstretched. The Invesco DB US Dollar Index Bullish Fund (UUP) increased by 0.5%, and the Invesco DB US Dollar Index Bearish Fund (UDN) decreased by 0.3%. Fed Chair Powell's cautious remarks suggest a slower pace of rate cuts, potentially disappointing markets betting on early rate reductions.

Portfolio Pulse from Neil Dennis

December 04, 2023 | 3:57 pm

SLG

SL Green Realty Corp. (SLG) shares rose following the announcement of the sale of 625 Madison Avenue. Additionally, Truist Securities reaffirmed a Buy rating on SLG and increased the price target from $41 to $42.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:57 pm

GM

General Motors Co (NYSE:GM) shares are up after Mizuho Securities analyst Vijay Rakesh upgraded the company from Neutral to Buy and increased the price target from $38 to $42. The upgrade follows GM's announcement of a $10 billion buyback and the resolution of the UAW strike. Rakesh expects production to rebound in 2024, with a focus on high margin ICE trucks, and notes GM's strategic decisions to offset wage increases, pause Cruise investments, and scale back Brightdrop vans to North America.

Portfolio Pulse from Priya Nigam

December 04, 2023 | 3:55 pm

PFE

Truist Securities analyst Robyn Karnauskas has reiterated a Buy rating on Pfizer (NYSE:PFE) and maintained a $42 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:49 pm

ALK

HA

Alaska Air Group, Inc. (ALK) shares dropped over 15% after announcing an acquisition deal with Hawaiian Holdings, Inc. (HA). The deal, valued at a 270% premium over HA's last closing price, is expected to close in 12-18 months. Raymond James analyst Savanthi Syth downgraded ALK from Strong Buy to Market Perform, citing the complexity of the deal and macro uncertainty as factors that could negatively affect sentiment and limit near- to medium-term upside.

Portfolio Pulse from Priya Nigam

December 04, 2023 | 3:46 pm

HUT

Hut 8 Mining Corp (NASDAQ:HUT) completed its all-stock merger with US Bitcoin Corp last week, resulting in Hut 8 common shares ceasing to trade on Nasdaq and TSX before December 4, 2023. New Hut common stock will trade under the ticker 'HUT' starting December 4. The merger is considered the largest in the industry and is expected to leverage complementary strengths of both companies. Bitcoin's price surge and Hut 8's strong position in the industry are highlighted. Hut 8's stock has surpassed its 50-day moving average and set a new 52-week high.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 3:45 pm

RCL

Truist Securities analyst Patrick Scholes has reiterated a Buy rating on Royal Caribbean Group (RCL) and maintained a price target of $134.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 3:45 pm