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ABR

AFCG

ARL

FOR

RITM

The article discusses value stocks in the real estate sector, focusing on companies with low P/E ratios, indicating potential undervaluation. American Realty Investors (ARL), Arbor Realty Trust (ABR), Rithm Capital (RITM), Forestar Group (FOR), and AFC Gamma (AFCG) are highlighted for their P/E ratios and recent financial performance, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:41 pm

UTEN

Loretta Mester, President of the Cleveland Fed, warned that markets may be overly optimistic about early interest rate cuts. She predicts three quarter-point rate cuts next year based on moderating inflation and economic growth. This contrasts with market expectations of six rate cuts in 2024, influenced by Fed Chair Jerome Powell's dovish comments. The anticipation of lower rates has decreased Treasury yields, as seen with the U.S. 10-Year Treasury Note ETF (UTEN), and boosted stock markets.

Portfolio Pulse from Piero Cingari

December 18, 2023 | 2:38 pm

BTCUSD

EGLDUSD

ETHUSD

HNTUSD

ICPUSD

Cryptocurrency prices fell with Bitcoin dropping below $42,000 and Ethereum below $2,200. The global crypto market cap decreased by 3.1% to $1.54 trillion. Astar was the top gainer, while Celestia was the biggest loser among the cryptocurrencies mentioned. Other notable gainers include Stacks, Helium, Bitget Token, and Injective, while SATS, Terra Classic, Internet Computer, and MultiversX were among the top losers.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 2:37 pm

ZIMV

ZimVie Inc (NASDAQ:ZIMV) shares surged over 33% following the announcement of an agreement to sell its spine business to H.I.G. Capital for $375 million. The deal includes $315 million in cash and a $60 million promissory note with 10% annual interest. Expected to close in the first half of 2024, the sale will allow ZimVie to reduce debt and focus on its dental business, aiming to improve revenue growth rate, EBITDA margin, and cash flow conversion rate. The company's CEO, Vafa Jamali, expressed that the transaction will create a leaner, more focused ZimVie with a leading position in the global dental markets.

Portfolio Pulse from Lekha Gupta

December 18, 2023 | 2:37 pm

GHRS

Stifel analyst Paul Matteis has maintained a Buy rating on GH Research (NASDAQ:GHRS) but has reduced the price target from $25 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:31 pm

LLY

Eli Lilly (NYSE:LLY) has delivered an average annual return of 19.95% over the past 15 years, outperforming the market by 7.97% annually. A $100 investment in LLY stock 15 years ago would be worth $1,537.60 today. The company's current market capitalization stands at $545.04 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:30 pm

EW

Edwards Lifesciences (NYSE:EW) has delivered an average annual return of 18.65% over the past 20 years, outperforming the market by 11.1% annually. A $1000 investment in EW 20 years ago would now be worth $30,792.45. The company's current market capitalization stands at $46.19 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:30 pm

CLF

X

Cleveland-Cliffs' CEO Lourenco Goncalves commented on the proposed acquisition of U.S. Steel by Nippon Steel, expressing that U.S. Steel's decision validates Cleveland-Cliffs' view of the undervaluation in the steel sector. Goncalves highlighted Cleveland-Cliffs' achievement of its net debt target and announced a shift in capital allocation towards more aggressive share buybacks.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:27 pm

BMRA

Biomerica Inc (NASDAQ:BMRA) has received FDA 510(k) clearance for its Hp Detect Stool Antigen ELISA test, which is used to detect H. pylori bacteria, a major cause of gastric cancer. This approval is significant as H. pylori affects about 35% of the U.S. population and is linked to over 80% of gastric cancers. The news has led to a 57.58% increase in BMRA's stock price in premarket trading.

Portfolio Pulse from Vandana Singh

December 18, 2023 | 2:24 pm

SNYB

Shiny Health & Wellness Corp. has signed an asset purchase agreement to acquire 10 Stash & Co. adult-use cannabis retail stores in Ontario, which are expected to add approximately CA$10 million ($7.5 million) to its top line. The stores will retain the Stash & Co. brand and trademark. The transaction includes a total consideration of CA$1 million, with CA$800,000 in cash and CA$200,000 in common shares. Shiny Health's shares rose 6.6667% to $0.08 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 18, 2023 | 2:24 pm