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BVN

CF

LXU

MT

SUZ

Benzinga Insights has identified five value stocks in the basic materials sector: ArcelorMittal (MT), CF Industries Holdings (CF), LSB Industries (LXU), Buenaventura Mining Co (BVN), and Suzano (SUZ). These companies have been selected based on their low P/E multiples, indicating they may be undervalued. Recent earnings and dividend yields have been reported for each company.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:39 pm

TSLA

VWAGY

XPEV

XPeng Inc's Q2 report showed a significant loss due to the price war initiated by Tesla Inc, causing XPeng's U.S. shares to drop 7% in pre-market trade. The company's gross margin turned negative 3.9% due to inventory writedowns of the G3i crossover sports utility vehicle. However, XPeng's vehicle deliveries rose 27% quarter over quarter, and the company expects to deliver between 39,000 and 41,000 vehicles in Q3. XPeng is also working with Volkswagen on developing two EVs for the Chinese market.

Portfolio Pulse from Upwallstreet

August 18, 2023 | 2:37 pm

EH

EHang Holdings shares are trading lower following disappointing Q2 revenue results. The situation is further exacerbated by China Evergrande Group's filing for Chapter 15 bankruptcy protection in New York, which may be contributing to the weakness.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 2:33 pm

BLMN

DRI

QSR

Bloomin' Brands Inc's shares are trading higher after activist investor Starboard Value disclosed a 9.9% stake in the company. The intentions of Starboard are unclear, but in the past, activist investors have urged Bloomin' to reduce expenses and separate some of its brands. Bloomin' Brands reported a 2.4% YoY sales growth in Q2 FY23, in line with consensus. The company's stock has surged almost 30% YTD, rebounding from pandemic setbacks.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 2:32 pm

AGRO

Adecoagro reported a year-over-year increase in Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 2:32 pm

CORN

DE

SOYB

WEAT

Deere & Co executive has stated that despite the significant volatility in grain prices this year, the demand for their equipment, particularly for large AG, has remained strong.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 2:31 pm

LRCX

A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $380.0 to $660.0 for Lam Research over the last 3 months. Several financial institutions have maintained or upgraded their ratings on Lam Research, with price targets ranging from $600 to $800.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:31 pm

SQ

A significant bullish stance has been taken on Block (NYSE:SQ) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 70% bullish and 30% bearish. The price of SQ is currently down -0.23% at $55.97. Analysts have mixed ratings on Block, with price targets ranging from $70 to $100.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:31 pm

PLTR

Unusual options activity has been observed for Palantir Technologies (NYSE:PLTR), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The price range targeted by these investors for Palantir over the last 3 months is from $1.0 to $30.0. Analysts from Citigroup, Mizuho, Wedbush, Wolfe Research, and DA Davidson have maintained their ratings on Palantir, with price targets ranging from $7 to $25.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:31 pm

JCI

Over the past 15 years, Johnson Controls Intl (NYSE:JCI) has outperformed the market by 1.34% on an annualized basis, producing an average annual return of 9.88%. If an investor had bought $100 of JCI stock 15 years ago, it would be worth $406.02 today. The company currently has a market capitalization of $40.29 billion.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:30 pm