Streetbeat News

BASFY

Basf SE

https://www.basf.com/

Open

11.39

Mkt cap

41B

Volume

26K

High

11.40

P/E Ratio

81.14

52-wk high

14.89

Low

11.33

Div yield

0.06

52-wk low

11.02

BASF SE (OTC:BASFY) is transforming into a customer-focused organization by adjusting business models to meet specific customer industry needs while maintaining integrated company benefits. The strategy will be applied to Battery Materials, Coatings, and Agricultural Solutions. New KPIs will emphasize EBITDA before special items and cash flows, with targeted margins for various divisions. BASF aims to reduce specific Scope 3.1 emissions by 15% by 2030 and achieve net-zero by 2050. BASFY shares rose 2.01% to $12.16.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 7:05 pm

A U.S. appeals court reversed a lower court's decision, preventing 11.8 million Ohio residents from suing chemical companies like 3M Co, DuPont de Nemours, Corteva, and Chemours for PFAS contamination. The plaintiff could not prove the chemicals in his blood were from these companies or that they caused harm. This ruling is a significant win for the chemical industry, which faces global scrutiny over PFAS, known as 'forever chemicals' due to their persistence in the environment and human body.

Portfolio Pulse from Natan Ponieman

November 28, 2023 | 7:47 pm

The United Auto Workers (UAW) union has initiated a strike against Detroit's three major automakers: Ford Motor Co, General Motors Co, and Stellantis NV. The strike may have repercussions on auto suppliers that provide vital components and services to these automakers. The Biden administration is considering extending emergency financial support to the affected auto suppliers. The strike has affected all three automakers at their respective assembly plants.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 3:42 pm

On CNBC's 'Halftime Report Final Trades', Joshua Brown of Ritholtz Wealth Management recommended Live Nation Entertainment, Inc. (NYSE:LYV) after it reported better-than-expected Q2 results. Jim Lebenthal of Cerity Partners named Cheniere Energy, Inc. (NYSE:LNG) as his final trade, noting its increasing export volumes. Jenny Harrington of Gilman Hill Asset Management recommended B&G Foods, Inc. (NYSE:BGS) due to its 6.25% yield and good operation. B&G Foods and Live Nation Entertainment both posted better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:51 pm

Cheniere Energy Inc's subsidiary, Cheniere Marketing, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with BASF SE. BASF will purchase up to 0.8 million tonnes per annum of LNG from Cheniere Marketing, with deliveries starting in mid-2026. The agreement will last until 2043. Cheniere Energy's shares are currently trading higher by 1.84%.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 3:19 pm

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