Streetbeat News

Stock Prices

VALE

Vale Inc.'s stock price is currently at $13.29, after a 1.53% increase. However, the stock has fallen by 5.31% over the past month and by 1.98% over the past year. Vale's P/E ratio is lower than the aggregate P/E of the Metals & Mining 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

October 16, 2023 | 2:45 pm

AGRX

ASRT

CCRN

LFLY

ZYME

The article discusses value stocks in the healthcare sector, highlighting five companies: Zymeworks, Cross Country Healthcare, Agile Therapeutics, Leafly Holdings, and Assertio Holdings. These companies have low price-to-earnings (P/E) multiples, indicating potential undervaluation. However, their Q2 earnings per share show mixed results, with some companies seeing increases and others decreases compared to Q1.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:44 pm

VSTO

Vista Outdoor Inc (VSTO) shares dropped by around 20% after the company announced asset sales and lowered its FY24 outlook. The company is selling its Sporting Products business to Czechoslovak Group a.s. (CSG) for $1.91 billion. After the sale, VSTO's Outdoor Products business will become an independent publicly traded company, Revelyst, Inc., trading under the ticker 'GEAR'. The company also reduced its outlook for adjusted EPS and sales due to economic challenges and market normalization.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 2:40 pm

AAPL

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, and TSLA. The memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

October 16, 2023 | 2:40 pm

AFCG

ARL

REFI

SEVN

Benzinga Insights has identified several value stocks in the real estate sector, including Chicago Atlantic Real (REFI), Hersha Hospitality (HT), AFC Gamma (AFCG), American Realty Investors (ARL), and Seven Hills Realty Trust (SEVN). These companies have low P/E multiples, indicating they may be undervalued. However, their recent earnings per share and dividend yields have shown mixed results, with some experiencing decreases.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:39 pm

AVGO

JPM

SBUX

CMG Venture Group has identified four stocks that have consistently increased their dividends over the last decade. These include Broadcom Inc (AVGO), Home Depot Inc (HD), JPMorgan Chase & Co (JPM), and Starbucks Corp (SBUX). All four companies offer dividend yields ranging from 2% to nearly 3%.

Portfolio Pulse from Aaron Bry

October 16, 2023 | 2:39 pm

AAPL

ALB

AZN

BTCUSD

CVS

HON

MANU

NVAX

NWSA

PFE

RAD

WBA

Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

Scotiabank analyst Andrew Weisel has downgraded Dominion Energy (NYSE:D) from Sector Outperform to Sector Perform and lowered the price target from $56 to $46.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:34 pm

GOOGL

Google's latest AI feature, 'Best Take', is revolutionizing digital photography and has been well received by the market, contributing to a 4.8% rise in Alphabet Inc Class A (NASDAQ:GOOGL) stock since October. The stock has broken its September high of $139, showing an annual growth of 52%. If the stock rises just over 10%, it could reach its all-time high of $151.

Portfolio Pulse from Zaheer Anwari

October 16, 2023 | 2:34 pm

RVMD

Revolution Medicines announced preliminary clinical data for RMC-6236 and RMC-6291, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:33 pm