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CMC

ICL

METCB

SLVM

The article highlights five value stocks in the basic materials sector with low P/E ratios, indicating potential undervaluation. These stocks include Ramaco Resources (METCB), Sylvamo (SLVM), Commercial Metals (CMC), CF Industries Holdings (CF), and ICL Group (ICL), each showing varying trends in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:39 pm

AVGO

BRKA

LLY

TSLA

Tesla's position in the Magnificent Seven, a group of the largest S&P 500 companies, is threatened as its market cap falls to $603.71 billion, ranking it ninth. Broadcom (AVGO) and Eli Lilly (LLY) are seen as potential replacements due to their strong performance and market cap growth. Berkshire Hathaway (BRKA) also surpasses Tesla in market cap. Analysts have positive outlooks on AVGO and LLY, with significant price target increases, while Tesla faces challenges with demand and stock performance.

Portfolio Pulse from Neil Dennis

February 09, 2024 | 2:38 pm

CIFR

HUT

MARA

MSTR

RIOT

WULF

Shares of crypto-related stocks CIFR, HUT, MARA, MSTR, RIOT, and WULF are trading higher due to an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:38 pm

AFRM

BTCUSD

NET

PINS

SPY

S&P futures have risen above 5,000, Cloudflare (NET) shares surged due to strong earnings, while Bitcoin (BTCUSD) continues its upward trend. Conversely, Pinterest (PINS) and Affirm (AFRM) shares have experienced a decline.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:32 pm

BTCUSD

ETHUSD

JUPUSD

RUNEUSD

Bitcoin surpassed the $47,000 mark, while Ethereum approached $2,500. THORChain was the top gainer with a 17% increase, and Jupiter was the biggest loser. The global crypto market cap rose to $1.77 trillion, marking a 3.5% gain. Other notable gainers include Pyth Network, Beam, Dymension, and Akash Network, while losers include Ronin, Chainlink, Frax Share, and Manta Network.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 2:32 pm

ILMN

JNJ

Illumina Inc (NASDAQ:ILMN) reported Q4 2023 sales of $1.12 billion, a 4% increase Y/Y, beating consensus estimates of $1.09 billion. Adjusted EPS was $0.14, surpassing the consensus of $0.02. The company shipped 79 NovaSeq X instruments in Q4 and 352 in FY 2023. Illumina plans to divest GRAIL by Q2 2024 and signed a development agreement with Janssen Research & Development, a Johnson & Johnson (NYSE:JNJ) unit. FY 2024 guidance expects flat Core Illumina revenue and a 20% adjusted operating margin. Carl Icahn escalates boardroom battle at Illumina post-GRAIL divestiture. ILMN shares dropped 2.38% to $139.93.

Portfolio Pulse from Vandana Singh

February 09, 2024 | 2:32 pm

HCA

HCA Healthcare (NYSE:HCA) has delivered an impressive average annual return of 19.9% over the past 10 years, turning a $1000 investment into $6,255.76 today. With a current market capitalization of $82.16 billion, HCA's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:30 pm

CRM

Over the past 15 years, Salesforce (NYSE:CRM) has significantly outperformed the market, with an average annual return of 28.94%, turning a $100 investment into $4,372.30 today. Salesforce's market capitalization currently stands at $284.20 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 2:30 pm

PLCE

Children's Place shares dropped after the company revised its Q4 net sales forecast to $454 million to $456 million, down from its previous guidance of $460 million to $465 million, and below the analyst estimate of $462.88 million.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:29 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares rose in premarket trading after rejecting five nominees from former Chairman Trevor Milton, who was convicted of fraud. Milton owes Nikola $165 million from a legal judgment. Nikola also opened its first HYLA hydrogen refueling station in Southern California, aiming for nine stations by Q2's end. Baird analyst Ben Kallo gave Nikola an Outperform rating with a $2 forecast.

Portfolio Pulse from Nabaparna Bhattacharya

February 09, 2024 | 2:28 pm