Streetbeat News

Stock Prices

VSTO

MNC Capital has proposed to acquire Vista Outdoor Inc. (VSTO) for $35.00 per share in cash, offering a substantial premium over its current share price. This proposal is presented as superior to Vista's current plans to sell its Sporting Products division to CZECHOSLOVAK GROUP a.s. and to spin off its Outdoor Products division into a public company, Revelyst, Inc. MNC's offer aims to keep the Sporting Products business under U.S. ownership, emphasizing its national security importance and proposing a quicker, all-cash transaction without regulatory or CFIUS review concerns.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:44 pm

AGRO

PRDO

SANW

VGR

Benzinga Insights has identified S&W Seed (SANW), Perdoceo Education (PRDO), Vector Group (VGR), Altria Group (MO), and Adecoagro (AGRO) as notable value stocks in the consumer defensive sector based on their low P/E multiples. Earnings per share and dividend yields for these companies have shown varied trends in recent quarters, indicating different growth prospects and financial health.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:40 pm

BVN

CMC

GGB

LXU

UAN

The article identifies 5 value stocks in the basic materials sector based on their low P/E ratios, suggesting they may be undervalued. These stocks include Commercial Metals (CMC), Compañía de Minas (BVN), LSB Industries (LXU), CVR Partners (UAN), and Gerdau (GGB). It provides recent financial performance details for each, such as earnings per share and dividend yields, indicating potential for rebound despite the inherent risks of value stocks.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:39 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced declines, with Bitcoin falling below $62,000 and Ethereum staying above $3,400. The global crypto market cap dropped to $2.3 trillion, a 1.5% decrease. Axelar was the top gainer, while SATS and Mantle were among the top losers. The article also lists other significant gainers and losers in the cryptocurrency market over the past 24 hours.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 2:37 pm

EQNR

Equinor ASA (NYSE:EQNR) is expanding its helicopter fleet for Norwegian continental shelf operations by procuring 15 new helicopters from Bell and Leonardo. This includes ten Bell 525 and five AW189 helicopters, supplementing the current Sikorsky S-92 models. The new helicopters, featuring technological improvements, aim to enhance flexibility, regularity, and safety for offshore personnel transport. The first deliveries are expected in the first quarter of 2025. This announcement follows the recent resumption of helicopter traffic in Norway after a crash. EQNR shares rose 2.03% to $25.12.

Portfolio Pulse from Shivani Kumaresan

March 01, 2024 | 2:37 pm

OAIB

China has approved the expansion of the Julong copper mine, making it the world's largest, as part of its strategy to secure more copper resources. Copper's importance is highlighted due to its use in electricity and battery technology, essential for the global energy transition. The US and China are competing globally, including in Zambia, to secure copper supplies. For investors, the article suggests ETFs as a way to invest in copper, highlighting the Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB) which invests in critical base metals and has shown a 12.65% annualized return from 2017-2023.

Portfolio Pulse from Johnny Rice

March 01, 2024 | 2:34 pm

MELI

Over the past 15 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 37.11%, turning a $1000 investment into $109,964.87 today. The company now has a market capitalization of $80.88 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

LDOS

Leidos Holdings (NYSE:LDOS) has outperformed the market over the past 5 years, achieving an average annual return of 15.38%. A $100 investment in LDOS 5 years ago would be worth $202.79 today. The company's market capitalization stands at $17.65 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

AMKR

ARM

CMC

EQIX

INFY

SIG

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' praising Equinix, Signet Jewelers, Infosys, and Commercial Metals Company, while noting a lock-up expiration for Arm Holdings. Equinix reported strong Q4 sales and a dividend, Signet Jewelers appointed a new board member, Infosys launched its Responsible AI Suite, and Commercial Metals is expected to report earnings soon. Amkor received a neutral rating from Goldman Sachs.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 2:29 pm

FTEC

MSFT

SONY

TCEHY

XLK

Microsoft Corp (NASDAQ:MSFT) has sold the Toys for Bob video-game studio, aiming for future partnerships amid a gaming industry overhaul. Toys for Bob, known for Skylanders and Crash Bandicoot N. Sane Trilogy, will operate as an independent studio. The financial details of the divestiture are undisclosed. This move comes in the context of Microsoft's $69 billion acquisition of Activision and an industry-wide trend of consolidation, including job cuts and game cancellations. Electronic Arts Inc (NASDAQ:EA), Sony Group Corp (NYSE:SONY), and Tencent Holding Ltd's (OTC:TCEHY) Riot Games have also announced significant layoffs. The SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) offer exposure to Microsoft, which has seen its shares trading lower by 0.44% at $411.80 premarket.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 2:24 pm