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Stock Prices

ALTO

Alto Ingredients Inc's shares have dropped by over 55% following the release of their Q3 FY23 results. Despite net sales of $318.1 million surpassing the consensus of $308.7 million, and a gross profit of $4.2 million compared to a gross loss of $(19.8) million the prior year, the company's EPS loss of $(0.05) missed the consensus of $0.10. The results were affected by high unscheduled downtime that lowered production volumes and shifted the mix towards lower margin products.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 2:46 pm

KRO

Goldman Sachs analyst Duffy Fischer has maintained a 'Sell' rating on Kronos Worldwide (NYSE:KRO) and lowered the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:46 pm

PSX

Phillips 66 Inc.'s stock price is currently at $114.65, after a 1.88% drop. However, over the past month, the stock has increased by 2.51%, and in the past year, by 10.69%. The company's P/E ratio of 7.06 is lower than the aggregate P/E ratio of 8.69 in the Oil, Gas & Consumable Fuels industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 2:45 pm

BABA

Alibaba Group (NYSE:BABA) is progressing with its artificial intelligence initiatives and IPO goals for its segments. The company's logistics arm, Cainiao, part of a consortium, has made a preliminary buyout offer to Chinese logistics company Best. The consortium plans to fund the deal primarily through Cainiao's equity capital and cash. Cainiao is preparing for its $1 billion Hong Kong IPO. Alibaba, which currently holds about 70% of Cainiao, will likely retain over 50% of the unit following the IPO. Alibaba's rival, Shein, is considering a U.S. IPO with a valuation of up to $490 billion.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 2:45 pm

EIS

A month after the Hamas attack on Israel, the conflict continues with Israel rejecting ceasefire proposals. The Israeli shekel and the Tel Aviv 125 Index, tracked by the iShares MSCI Israel ETF (EIS), have both risen, while European stocks and oil prices have declined due to concerns about a global economic slowdown.

Portfolio Pulse from Piero Cingari

November 07, 2023 | 2:45 pm

PXMD

Shares of PaxMedica (PXMD) were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 173.8%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:44 pm

DFH

GDEN

GPI

GTIM

PII

The article discusses value stocks in the consumer cyclical sector, highlighting Golden Entertainment (GDEN), Polaris (PII), Group 1 Automotive (GPI), Good Times Restaurants (GTIM), and Dream Finders Homes (DFH). These companies have low P/E ratios, indicating potential undervaluation. However, the risk is that the stocks may not rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 2:43 pm

GOOG

GOOGL

META

SNAP

Meta Platforms Inc has banned political campaigns and other regulated industries from using its new generative AI advertising products to prevent the spread of election misinformation. The move follows Meta's plans to expand access to AI-powered advertising tools. Alphabet Inc's Google launched similar AI ad tools, while TikTok and Snap Inc bar political ads. Meta's shares are trading 0.11% higher at $316.14.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 2:43 pm

BELFB

EBIX

SONM

SURG

UMC

Benzinga Insights has identified five value stocks in the technology sector that may be worth watching: Bel Fuse (NASDAQ:BELFB), Surgepays (NASDAQ:SURG), United Microelectronics (NYSE:UMC), Sonim Technologies (NASDAQ:SONM), and Ebix (NASDAQ:EBIX). These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in a value stock is that its value may never materialize.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 2:41 pm

PLNT

Planet Fitness reported better-than-expected Q3 financial results and raised its FY23 revenue growth guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:36 pm