Economics News

Markets Trading
Euronext announces volumes for May 2024
GlobeNewswire Inc. • 1w ago
News Trading
A series of actions by Keith Gill, aka Roaring Kitty, helped renew the smoldering meme rally last week and many market participants cried foul over his actions. SPAC sponsor and venture capitalist Chamath Palihapitiya on Sunday weighed in on the development in a substack post. What Happened: Gill posted on social media for the first time in about three years in mid-May and then stirred excitement by posting a screengrab of his trading account in the r/SuperStonk Reddit forum, which revealed a huge GameStop Corp. (NYSE:GME) stake, comprising stocks, and call options. These actions have created volatility in the shares of the videogame retailer. From $17.46 ahead of Gill’s first post since early 2021, GameStop rose to a high of $64.82 on May 14 before losing most of its gains. The stock ...Full story available on Benzinga.com
Benzinga • 1w ago
Markets Trading
WALTHAM, Mass. and DUBLIN, June 04, 2024 (GLOBE NEWSWIRE) -- Mural Oncology plc (Nasdaq: MURA), a clinical-stage immuno-oncology company developing novel, investigational engineered cytokine therapies designed to address areas of unmet need for patients with a variety of cancers, today announced that on June 3, the Company granted to two newly hired employees (i) non-statutory stock options to purchase an aggregate of 7,995 ordinary shares of the Company and (ii) restricted stock units with respect to an aggregate of 4,305 ordinary shares of the Company, pursuant to the Company’s 2024 Inducement Stock Option and Incentive Plan, each as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
GlobeNewswire Inc. • 2w ago
Markets Trading
BRIDGEVILLE, Pa., June 04, 2024 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) reported today that it is set to join the broad-market Russell 2000 and 3000 Indexes at the conclusion of the annual reconstitution of the 2024 Russell US Indexes, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th.
GlobeNewswire Inc. • 2w ago
Markets Trading
Creative Realities to Be Included in Russell Microcap Index
GlobeNewswire Inc. • 2w ago
Markets Trading
HINGHAM, Mass., June 03, 2024 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT) today announced that it has entered into definitive agreements for the purchase and sale of 1,566,669 shares of the Company’s common stock at a purchase price of $1.50 per share of common stock in a registered direct offering priced at-the-market under Nasdaq rules. In addition, in a concurrent private placement, the Company will issue unregistered series F preferred investment options. The series F preferred investment options to purchase up to 3,133,338 shares of common stock have an exercise price of $1.50 per share and are immediately exercisable following issuance for a period of two years thereafter. The closing of the registered direct offering and the concurrent private placement is expected to occur on or about June 4, 2024, subject to the satisfaction of customary closing conditions.
GlobeNewswire Inc. • 2w ago
News Trading
Here's what could change with penny stocks in 2025 The post 2025 Penny Stocks Market Predictions appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 3w ago
News Trading
Dick's Sporting Goods (NYSE:DKS) reported better-than-expected first-quarter FY24 earnings and raised the outlook. The following are the comments from different analysts on the company. Wedbush – Reiterates Neutral, price target raised from $210 to $230 Analyst Seth Basham looks positively on the results that show continued sales momentum despite a choppy industry demand environment, as DKS is capitalizing on strong new merchandise, good in-store and online service, easier comparisons and its Game Changer app. The company's House of Sport store openings are on plan, and it was able to overcome above-consensus pre-opening costs in the quarter with strength in gross margins from lower-than-expected shrink, noted the analyst. While DKS has momentum, the analyst expects that to slow in 2H24 against ...Full story available on Benzinga.com
Benzinga • 3w ago
News Trading
How will Ohio's cannabis market shape up as it transitions to adult-use recreational sales? Senior analyst Pablo Zuanic outlines in his recent report the potential growth and value creation for state multi-state operators (MSOs). Zuanic’s report provides crucial insights into the market dynamics and opportunities for significant returns for cannabis investors. Ohio's Cannabis Market Projections Ohio is expected to begin recreational cannabis sales on or about July 1, 2024. Zuanic projects the market could grow fourfold within a year, reaching a total market size of $2.3 billion. This projection is based on an estimated $200 per capita spend, compared to other states like Arizona at $173, Maryland at $180, Missouri at $224 and Massachusetts at $250. "We assume market share based on the future number of stores versus our projected market total by the end of year one. For example, eight stores would mean a 3.1% share of a total of 254," Zuanic said. He also notes that "the current medical program is underdeveloped compared to states like Florida and Pennsylvania, but low store density and high demand are expected to drive this substantial growth." These calculations consider Ohio's unique market conditions, including low store density and anticipated high demand, which will likely result in tight initial supplies. Ohio's Cannabis Market Dynamics Zuanic emphasizes the strategic importance of store locations, especially given the low prices in Michigan. "It is unclear if incumbents will choose locations or ...Full story available on Benzinga.com
Benzinga • 3w ago
News Trading
Salesforce Inc (NYSE:CRM) shares are trading lower Thursday after multiple analysts slashed their price targets following the first-quarter print. Salesforce reported first-quarter revenue of $9.13 billion, missing the analyst consensus of $9.15 billion. The adjusted EPS of $2.44 beat the analyst consensus of $2.38. BofA Securities analyst Brad Sills reiterated a Buy rating and cut his price target from $360 to $288 on the demand environment reversion. The analyst attributed the performance to the quarter’s weakening buying environment that the application companies faced after the short-lived fourth-quarter strength. He acknowledged limited visibility on an improving software spending environment, casting doubt on second-quarter growth prospects. Stifel analyst J. Parker Lane maintained a Buy with a price target of $300, down from $350. Lane said various headwinds outweighed green shoots in Data Cloud, Industry Cloud, public sector, and financial services this quarter as the company noted a demand environment similar to the past two years. While the macro’s current effect on the group is undoubted, the analyst continues to see Salesforce as a clear generative AI beneficiary over the coming years. Truist Securities analyst Terry Tillman reiterated a Buy with a price target of $300, down from $360. Salesforce had a mixed quarter. The company noted a continuation of measured buying behavior leading to longer deal cycles and deal compression but reiterated that it is seeing favorable trends with key growth levers like Data Cloud, multi-cloud adoption, and the Industry Clouds. Tillman recommends buying on weakness as the profit improvement and capital allocation story is firmly intact. The analyst added that Data Cloud, Industry Solutions, MuleSoft, and AI drivers could help subscription revenue and cRPO growth inflect going forward, especially in the seasonally stronger second half and amid any improved macro backdrop. BMO Capital analyst Keith Bachman remained Outperform with a price target of $265, down from $335. The quarter was disappointing, and the lowered revenue guidance left some risk, given the poor execution and buying environment witnessed in the first quarter. Wedbush analyst Daniel Ives maintained an Outperform with a price target of $315, down from $325. As per Ives, Salesforce is ...Full story available on Benzinga.com
Benzinga • 3w ago
News Trading
Can these tips help you build a long term portfolio? The post Building a Long Term Penny Stocks Portfolio appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 3w ago
News Trading
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel boosted the price target for Deckers Outdoor Corporation (NYSE:DECK) from $775 to $825. Stifel analyst Jim Duffy maintained a Hold rating. Deckers Outdoor shares rose 1.3% to close at $904.65 on Thursday. See how other analysts view this stock. HC Wainwright & Co. cut the price target for Calliditas Therapeutics AB (NASDAQ:CALT) from $50 to $45. HC Wainwright & Co. analyst Arthur He maintained a Buy rating. Calliditas Therapeutics shares gained 7% to close at $22.75 on Thursday. See how other analysts view this stock. Piper Sandler raised Chord Energy Corporation (NASDAQ:CHRD) price target from $231 to $233. Piper Sandler analyst Mark Lear maintained an Overweight rating. Chord Energy shares fell 0.6% to close at $176.64 on Thursday. See how other analysts view this stock. Oppenheimer slashed the price target ...Full story available on Benzinga.com
Benzinga • 4w ago
News Trading
Here's 3 common mistakes to avoid when trading penny stocks The post Avoid These Common Mistakes When Trading Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 4w ago
News Trading
Jushi Holdings Inc. (OTC: JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania as well as continuous expansion in Virginia’s medical market. According to Zuanic & Associates, financial projections show significant improvements, including positive cash flow and increased margins, while rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. “The potential for PA to legalize rec could be a significant catalyst for the stock. Jushi has the most valuation torque to PA flipping to rec among MSOs,” said senior analyst Pablo Zuanic. Virginia Medical Market Growth Jushi's medical cannabis sales in Virginia are projected to increase by 33% year-over-year in Q1 2024. The company anticipates continued growth driven by the positive response to its existing retail and wholesale operations. Despite the political uncertainty surrounding adult-use legalization in Virginia, Jushi's medical market performance remains strong. Ohio And Pennsylvania Adult-Use Legalization Ohio is expected to launch adult-use cannabis sales by July 2024, which could significantly enhance Jushi’s revenue. The company plans to open a second store in the state. “Ohio’s slated to begin rec sales as early as next month,” Zuanic stated, underscoring the imminent market expansion. Pennsylvania could follow with adult-use legalization by mid-2025, providing substantial growth opportunity. Jushi’s strategic moves, including additional store openings, are aimed at capturing the state market. Governor Josh Shapiro's inclusion ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
BofA Securities analyst Andrew G. Didora reiterated a Neutral rating on the shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) with a price target of $20.00. The cruise line operator, in the wake of its investor day, raised its full-year 2024 guidance across several metrics. The company raised adjusted earnings guidance from $1.32 to $1.42 per share. The updated guidance, according to the analyst, is largely in line with his $1.39 forecast, and the analyst’s estimates remain unchanged.  Norwegian Cruise Line also introduced new 2026 targets, including adjusted earnings of approximately $2.45 per share, slightly below the analyst’s $2.67 estimate. NCLH guided to net leverage of 4.5x by 2026 (BofA at 4.2x), a three-turn reduction from 2023, said the ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Target Corp (NYSE:TGT) reported a first-quarter FY24 sales decline of 3.1% year-on-year to $24.531 billion and a comparable sales decline of 3.7%. The company posted an adjusted EPS of $2.03, missing the consensus estimate of $2.06. The following are the reactions of analysts after the earnings. BofA Securities – Reiterates Buy, price target of $190.00 Analyst Robert F. Ohmes said the miss versus consensus in the adjusted EPS was driven by higher selling, general and administrative costs as a percentage of sales, as gross margin of 27.7% came in ahead.  The same-store sales decline included a 1.9% decline in both traffic & ticket, noted the analyst. While discretionary sales remained soft, sales ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Here's some tips for finding penny stocks before they shoot up in value The post Spotting Penny Stocks Before They Explode, Top Tips appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
News Trading
Here are the top tips for creating financial stability with penny stocks The post Tips for Using Penny Stocks to Create Financial Stability appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
Analyst Trading
Rumble Inc (NASDAQ:RUM) shares were down in trading on Wednesday after the company reported its first-quarter results. The results came amid an exciting earnings season. While monetization improved, engagement declined sequentially, as the previous quarter benefited from sports and political content, according to Oppenheimer. The Rumble Analyst: Jason Helfstein reiterated a Perform rating on Rumble. The Rumble Thesis: The company's U.S. monthly average users rose ...Full story available on Benzinga.com
Benzinga • 1mo ago
Markets Trading
WOBURN, Mass., May 15, 2024 (GLOBE NEWSWIRE) -- Yield10 Bioscience, Inc. (Nasdaq:YTEN) ("Yield10" or the "Company"), an agricultural bioscience company, today announced that Company has received a final delisting notice from Nasdaq. The delisting is a result of failure to regain compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) requiring companies listed on the Nasdaq Capital Market to maintain stockholder’s equity of at least $2,500,000. Suspension of trading in the Company’s common stock on the Nasdaq exchange will be effective at the open of trading on May 16, 2024.
GlobeNewswire Inc. • 1mo ago
News Trading
Here's 3 questions to ask yourself before buying penny stocks in 2024 The post 3 Questions to Ask Before Buying a Penny Stock in 2024 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
News Trading
KeyBanc analyst Justin Patterson reiterated a Buy rating on Alphabet Inc (NASDAQ:GOOGL) with a price target of $200. The analyst expects Google’s annual developer event, Google I/O 2024, to reinforce his thesis that Alphabet has a meaningful scale and AI creates new monetization opportunities. He hopes to see Gemini incorporated across Google products. Also Read: AI Focus At Google I/O: Analyst Anticipates Groundbreaking Announcements In Search, Mobile Tech While audio and visual recognition capabilities may receive increased scrutiny after OpenAI’s Monday event, he is more focused on the Android device ecosystem.  Apple Inc (NASDAQ:AAPL) and Meta Platforms Inc (NASDAQ:META) have already signaled how AI ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
As the world focuses on sustainability and reducing carbon footprints, clean tech stocks are gaining attention from investors seeking both financial returns and environmental impact. Out of the coverage universe of JPMorgan analysts Bill Peterson, Mahima Kakani and Bennett Moore, three clean tech stocks stand out with significant upside potential, offering investors the opportunity to invest in companies at the forefront of the clean energy revolution: Blade Air Mobility Inc (NASDAQ:BLDE), ChargePoint Holdings Inc (NYSE:CHPT) and Enovix Corp (NASDAQ:ENVX). Blade Air Mobility Blade Air Mobility’s strong first quarter performance — with better-than-expected adjusted EBITDA driven by revenue growth in MediMobility and flight margin improvements — highlights its position as a key player in the Urban Air Mobility (UAM) space. JPMorgan’s Overweight rating on Blade Air stock reflects its confidence in the company’s ability to deliver on its positive EBITDA goals in 2024 and 2025. JPMorgan currently rates the company Overweight, citing its path to profitability and opportunities for margin expansion in its Passenger ...Full story available on Benzinga.com
Benzinga • 1mo ago
Markets Trading
Euronext announces volumes for April 2024
GlobeNewswire Inc. • 1mo ago
News Trading
Here's how market cycles can impact penny stocks The post 3 Market Cycles to Consider When Trading Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
Analyst Trading
Plug Power Inc (NASDAQ:PLUG) shares tanked in early trading on Friday, after the company reported disappointing results for the first quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. Piper Sandler On Plug Power Analyst Kashy Harrison maintained an Underweight rating while reducing the price target from $2.90 to $2.50. Plug Power reported a 43% year-on-year decline in first-quarter revenues, missing expectations "due to timing of electrolyzer site commissioning" and these revenues are expected to accrue in the second quarter, Harrison said in a note. Management indicated second-quarter revenues are likely to be in line with the consensus of around $200 million and revenues in the first half of the year would be one-third of the full year, which suggested revenues of around $980 million, in-line with expectations, the analyst stated. "We still expect declining revenues in ’24 as PLUG has transitioned away from sale/leasebacks for material handling which offered unsustainably attractive customer economics," he added. BMO Capital Markets On Plug Power Analyst Ameet Thakkar reiterated an Underperform rating and price target of $2.50. Plug Power's first-quarter results "missed ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Dating and networking company Bumble Inc (NASDAQ:BMBL) released its first-quarter results on Wednesday, reaffirming its strong performance and outlook for 2024. The Austin, Texas-based company reported: Revenue of $268 million, a 10% year-over-year (YoY) increase, which exceeded management’s guidance. Adjusted EBITDA stood at $74 million, a 25% YoY increase, surpassing expectations. A 171.43% surprise on earnings per share (EPS) 42,000 net new users, slightly exceeding management’s guidance of 30,000 to 40,000. Also Read: The Analyst Verdict: Bumble In The Eyes Of 6 Experts The Analyst: JPMorgan’s Cory A. Carpenter has an Overweight rating on Bumble stock with a price target of $17 a share. The price target represents a 65.5% upside from the price of the stock at the time of review, i.e. $10.27. It is based on 8x their 2025E adjusted EBITDA of $389 million, “in-line with MTCH's trading multiple.” The Thesis: According to Carpenter, ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Reddit Inc (NYSE:RDDT) recently released its first quarterly earnings report since its initial public offering (IPO) in March, causing its shares to surge by 14% in extended trading. The social media platform’s financial results showed a loss per share of $8.19 — lower than the expected $8.71 loss. However, revenue exceeded expectations, coming in at $243 million compared to the estimated $212.8 million. This marked a significant 48% increase from the previous year, with ad revenue alone reaching $222.7 million, up 39% year-over-year and outpacing its competitors. Despite these positive numbers, Reddit reported a net loss of $575.1 million, attributed largely to stock-based compensation expenses and related taxes totaling $595.5 million, primarily driven by IPO charges. Nonetheless, the company’s performance was seen as a strong indicator of its growth potential, with analysts noting that Reddit could become profitable soon, given its free cash flow this quarter ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Reddit Inc (NYSE:RDDT) shares are on the rise following the company’s impressive first-quarter sales performance, which surpassed expectations. Reddit’s stock surged 14.82% in pre-market trading on Wednesday, as it reporting Q1 earnings after the market closed on Tuesday. Reddit’s Q1 earnings per share (EPS) beat estimates by 5.97%, and its revenue exceeded expectations by 14.16%. The strong sales results, coupled with upbeat Q2 revenue guidance, have fueled investor optimism and driven the stock’s positive momentum. The Reddit Analyst JPMorgan analyst Doug Anmuth maintained his Neutral rating on Reddit stock, emphasizing the need for sustained execution and growth against tougher competition in the online ad market. However, he raised his price target on the stock from $47 a share to $57 a share. The raised price target is based on about 7 times estimated 2025 revenue, which also equates to about 31 times ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on Uber Technologies, Inc (NYSE:UBER) with a price target of $90. Nowak flagged that UBER’s growth-adjusted multiple is now lower than Lyft, Inc (NASDAQ:LYFT) and Maplebear Inc (NASDAQ:CART), which creates an attractive entry point.  He highlighted that this pullback has come as investors need more confidence in upward revisions. At the same time, fears around Robotaxi and autonomous driving disruption have re-emerged following the release of Tesla Inc’s (NASDAQ:TSLA) new autonomous capabilities and the announcement of its Robotaxi event on August 8.  Also Read: Tesla’s Robotaxi Plans: Potential Threat Or Future Partner For Uber? Nowak noted ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Here's the difference between order types for penny stocks The post What Type of Orders Should You Use for Penny Stocks? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
News Trading
How to pick a trading style for buying and selling penny stocks The post Choosing the Right Trading Style for Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
Markets Trading
TORONTO, May 03, 2024 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce that its common shares have commenced trading on the OCTQB under the symbol PAUIF. The listing complements PUR’s existing DTC Eligibility.
GlobeNewswire Inc. • 1mo ago
News Trading
The Hershey Co (NYSE:HSY) will be reporting its first-quarter earnings on Friday. Wall Street expects $2.76 in EPS and $3.112 billion in revenues as the company reports before market hours. The stock is down about 30% over the past year, +4.44% YTD. Hershey’s scale and experience position it well to manage the cocoa crisis better than smaller competitors. While chocolate inflation rises, Hershey’s lower cocoa content and pricing could attract consumers. If cocoa prices revert, Hershey could benefit with expanded margins. However, the full impact on Hershey remains uncertain. Related: Bad News Chocolate And Coffee Lovers – Prices Are Only Going Higher Let’s look at what the charts indicate for Hershey stock, and how the stock currently maps against Wall Street estimates. Hershey’s Stock Chart Bullish Ahead Of Q1 Earnings  Hershey’s stock shows a strongly bullish trend, with its share price above its 5, 20, and 50-day ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Etsy, Inc. (NASDAQ:ETSY) reported worse-than-expected first-quarter financial results on Wednesday. Etsy reported first-quarter revenue of $645.954 million, which missed the consensus estimate of $646.33 million, according to Benzinga Pro. The company reported quarterly earnings of 48 cents per share, which missed estimates of 49 cents per share. Consolidated GMS (gross merchandise sales) totaled $3 billion in the quarter, down 3.7% year-over-year. "Our first quarter performance, while in line ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Here's 3 data points you should be using when buying and selling penny stocks The post What Data Points Should You Use to Trade Penny Stocks? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
News Trading
Wedbush analyst Matt Bryson upgraded Seagate Technology Holdings Inc (NASDAQ:STX) from Neutral to Outperform with a $100 price target. The re-rating reflected an improving nearline Hard Disk Drive (HDD) demand environment that creates a likely upside to Bryson’s near-term expectations and his increased conviction that Heat Assisted Magnetic Recording (HAMR) is a “good” technology, with the ramp of HAMR only likely to augment favorable nearline trends. According to the analyst, more certainty about HAMR progress creates intermediate to longer-term room for share, margin, and profit expansion.  Also Read: Seagate Is Set for Success, Analyst Highlights Demand and Pricing Strength Bryson’s checks fit with STX’s suggestion the most recent hold-up in qualification is a component issue rather than a more significant technology ...Full story available on Benzinga.com
Benzinga • 1mo ago
Health Trading
Lifeist Announces Common Share Consolidation
GlobeNewswire Inc. • 1mo ago
News Trading
Advanced Micro Devices, Inc (NASDAQ: AMD) was trading flat Tuesday ahead of its first-quarter earnings print set to take place after the market closes. When AMD printed its fourth-quarter earnings on Jan. 30, the stock dropped about 2.5% the following day and continued to trade mostly sideways until Feb. 29, when the chipmaker started to make a series of new all-time highs, which brought the stock to a new high of $227.30 on March 8. For that quarter, AMD reported second-quarter non-GAAP earnings per share of 77 cents, in line with the consensus estimate. The semiconductor stock printed revenues of $6.17 billion, which exceeded the consensus estimate of $6.12 billion. For the first quarter, analysts, on average, estimate AMD will report earnings of 61 cents per share on revenues of $5.46 billion. Read Next: Cathie Wood's Ark Goes Chip-Stock Shopping Ahead Of AMD Earnings, Adds More Of Warren Buffett-Backed Chinese EV Play Trending: Bitcoin, Dogecoin, Shiba Inu Pumped After The Last FOMC Meeting—Will History Repeat On Wednesday? Ahead of the event, Rosenblatt analyst Hans Mosesmann reiterated a ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Qualcomm Inc (NASDAQ:QCOM), will be reporting its second-quarter earnings on Wednesday. Wall Street expects $2.32 for EPS and $9.3 billion in revenues as the company reports after market hours. The stock has been riding the AI wave and is up over 45% for the year. In 2024 so far, the stock has returned 16.32% to investors. Let’s look at what the charts indicate for Qualcomm stock and how the stock currently maps against Wall Street estimates. Qualcomm Stock’s Strong Bullish Trend Ahead Of Q2 Earnings  Qualcomm’s stock is currently experiencing a strongly bullish trend. Chart: Benzinga Pro The share price is above its 5-, 20-, and 50-day exponential moving averages, indicating buying pressure and suggesting a positive outlook for future bullish movement. The 8-day simple moving average is above the current share price, signaling bullishness. The 20-day ...Full story available on Benzinga.com
Benzinga • 1mo ago
News Trading
Here are 3 things to consider about how liquidity impacts penny stocks The post How Does Liquidity Impact Penny Stocks? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
News Trading
Here's why penny stocks could be worth the risk The post Are Penny Stocks Worth the Risk? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 1mo ago
Markets Trading
~ Listing Marks Significant Milestone as the Company Enters Next Phase of its Growth ~
GlobeNewswire Inc. • 1mo ago
Analyst Trading
Electric vehicle leader Tesla Inc (NASDAQ:TSLA) reported first-quarter revenue and earnings per share that missed Street consensus estimates.  Here's a look at what analysts are saying after the report and for the future of the company.  The Tesla Analysts: Truist analyst William Stein has a Hold rating and lowers the price target from $176 to $162.  Piper Sandler analyst Alexander Potter has an Overweight rating and a price target of $205.  Bank of America analyst John Murphy upgrades shares from Neutral to Buy and has a price target of $220.  Needham analyst Chris Pierce has a Hold rating and no price target.  Mizuho analyst Vijay Rakesh has a Neutral rating and lowers the price target from $195 to $180.  Goldman Sachs analyst Mark Delaney has a Neutral rating and price target of $175.  Oppenheimer analyst Colin Rusch has a Perform rating and no price target.  Roth MKM analyst Craig Irwin has a Neutral rating and price target of $85.  Related Link: Tesla Stock Is Ripping Higher Wednesday: What’s Going On? Truist on Tesla: New products and artificial intelligence developments could help the company, Stein said in a new investor note.  "Tesla's Q1 result was modestly below consensus, but messaging around new auto products and improving AI developments were distinctly positive surprises, likely smoothing performance between the prior, growth wave and the next growth wave," Stein said.  The analyst said Tesla has several risks, which include price cuts and the overhang of CEO Elon Musk's compensation package being voted on by shareholders.  "The most important update today is that, instead of waiting for the next-gen platform to drive a wave of growth starting in late 2025, Tesla now plans to release more iterative versions of vehicles before late 2025 using aspects of the next gen platform."  The analyst said this push could help "smooth the transition" for the company's waves of growth.  Piper Sandler on Tesla: First quarter results from Tesla were better than expected, Potter said.  The analyst said investors likely expected the worst with recent reports of weak deliveries and mass layoffs. "Make no mistake: the TSLA thesis hinges ...Full story available on Benzinga.com
Benzinga • 1mo ago
Analyst Trading
Leading electric vehicle company Tesla Inc (NASDAQ:TSLA) reports first-quarter financial results after market close Tuesday, April 23. Here are the key earnings estimates, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Tesla to report first-quarter revenue of $22.34 billion, according to data from Benzinga Pro. The company reported revenue of $23.33 billion in last year's first quarter. Tesla has beaten revenue estimates from analysts in three of the last five quarters. Analysts expect Tesla to report earnings per share of 51 cents in the first quarter, compared to 85 cents reported in last year's first quarter. Over the past five quarters, Tesla beat analysts' earnings per share two times, missed two times and was even one time. Tesla missed revenue and earnings per share estimates in the past two quarters compared to estimates from analysts. In its fourth-quarter financial results, the company said it was between growth waves. "In 2024, our vehicle growth rate may be notably lower than the growth rate achieved in 2023," the company said. Related Link: Tesla Q4 Earnings Highlights: Revenue Miss, EPS Miss, Model Y A Global Bestseller, Next-Gen Vehicle Update And More What Analysts Are Saying: Tesla had several well-known issues that would factor into the first quarter earnings results, Bank of America analyst John Murphy said in a new investor note. "TSLA stock has been under material pressure due to both weaker EV fundamentals and sentiment around the electrification theme," Murphy said. The analyst had a Neutral rating and price target of $220 on Tesla. Murphy said the focus from investors would be on demand and future growth plans from Tesla. "Despite near-term ...Full story available on Benzinga.com
Benzinga • 2mo ago
News Trading
Here's what you need to know about penny stocks in 2024 The post What Are Penny Stocks? 3 Things to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 2mo ago
News Trading
BofA Securities analyst Justin Post reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $550. The analyst marginally increased his first-quarter estimates for positive ad checks and Easter benefits but lowered second-quarter and 2024 estimates for recent U.S. dollar depreciation.  Post estimates first-quarter revenue of $36.4 billion (up 27% Y/Y) above Street at $36.2 billion.  Also Read: Google’s DeepMind to Lead Unified AI Charge as Company Seeks to Outpace Microsoft He expects ad revenue to grow 26% year over year to $35.5 billion (vs. the Street at $35.4 billion), with 2 points of Q/Q acceleration.  Post estimates EBITDA at $20.9 billion and EPS at $4.48, above Street at $20.3 billion and $4.33, respectively.  For users, Sensor Tower suggests healthy Instagram users & time spent (though Facebook time ...Full story available on Benzinga.com
Benzinga • 2mo ago