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MSFT

The article provides a comprehensive analysis of Microsoft's performance compared to its peers in the software industry. Key financial metrics indicate that Microsoft is undervalued in terms of PE and PB ratios but potentially overvalued in terms of PS ratio. The company shows strong performance in ROE, EBITDA, gross profit, and revenue growth, suggesting a healthy financial position for future growth.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 3:00 pm

ETHUSD

Ethereum's price has dropped 15.98% in the past 24 hours to $2,404.55, continuing a week-long decline of 28%. Trading volume has surged 451% over the past week, while the circulating supply increased by 0.25%. Ethereum's market cap is currently $289.87 billion, ranking it #2.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 3:00 pm

BTCUSD

ETHUSD

Tron founder Justin Sun refuted rumors of his positions being liquidated amid a significant drop in cryptocurrency prices. Bitcoin and Ethereum experienced notable declines, contributing to a 19% drop in the overall cryptocurrency market value. Sun emphasized that Tron rarely engages in leveraged trading, focusing instead on sustainable practices.

Portfolio Pulse from Murtuza Merchant

August 05, 2024 | 2:58 pm

LBO

PSP

Carlyle Group Inc. (NASDAQ:CG) shares are down 7.53% after announcing the sale of Cogentrix Energy to Quantum Capital Group for $3 billion. The deal is expected to close between Q4 2024 and Q1 2025, pending regulatory approvals. Carlyle also reported Q2 FY24 earnings that missed analyst expectations, with adjusted EPS of $0.78 versus the consensus of $0.83 and total segment revenues of $788 million versus the consensus of $827.5 million.

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 2:54 pm

LMT

Lockheed Martin (NYSE:LMT) has been upgraded by RBC Capital Markets from Sector Perform to Outperform, with a price target increase from $500 to $600. The company is expected to see healthy sales growth, particularly in its F-35 deliveries and MFC segment. Despite a 1.56% decline in share price, the outlook remains positive.

Portfolio Pulse from Priya Nigam

August 05, 2024 | 2:54 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) shares are rising after the company received FCC approval to launch its first five commercial BlueBird satellites. This regulatory milestone allows AST SpaceMobile to use V, S, and UHF frequencies for satellite operations, aiming for nationwide coverage in the U.S. The company has completed manufacturing and testing the satellites, with a launch planned for September.

Portfolio Pulse from Dylan Berman

August 05, 2024 | 2:52 pm

ACRE

ALLY

AMP

APO

ARES

Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:52 pm

HMC

MFG

MUFG

SMFG

Shares of US-listed Japanese stocks are trading lower after the Nikkei sold off amid US economic worries.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:50 pm

ACGL

AIG

ALL

TRV

Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:49 pm

CAG

Conagra Brands (NYSE:CAG) has seen a 7.37% increase in its short percent of float, now at 4.37% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Conagra's short interest is slightly below the average of 4.43%.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:45 pm