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Constellation Brands, Costco, Carmax, Crown Castle, and Fastenal are stocks to watch, with earnings reports and corporate announcements influencing their potential market movements. Constellation Brands is expected to report earnings of $2.09 per share on $2.10 billion revenue. Costco reported a 9.4% increase in net sales for March and raised its quarterly dividend. Carmax is anticipated to post earnings of 49 cents per share on $5.80 billion revenue. Crown Castle named Steven Moskowitz as President and CEO, and Fastenal is expected to report earnings of 53 cents per share on $1.91 billion revenue.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:09 am

AMZN

Amazon, in its annual report released on Wednesday, emphasized its commitment to further reducing its cost to serve as it looks toward 2024 and beyond. The company has identified additional areas where it can lower costs even more.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:08 am

CONN

Conn's anticipates a challenging macro-environment for FY25 but expects year-over-year improvements in retail sales and profitability, attributed to the Badcock transaction and ongoing strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:04 am

HOFT

Hooker Furnishings (NASDAQ:HOFT) reported Q4 earnings of $0.06 per share, missing the $0.10 estimate, and sales of $96.78M, below the $99.69M estimate. This represents a 103.75% increase in earnings and a 26.25% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:03 am

CONN

Conn's reported Q4 adjusted EPS of $(1.25), surpassing the $(1.57) estimate, but its sales of $366.08M fell short of the expected $422.40M. Despite the sales miss, this represents an improvement over the previous year, with losses decreasing by 18.3% and sales increasing by 9.32%.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:01 am

FUFU

BitFuFu reported a significant increase in its FY23 revenue, reaching $284.1M, which marks a 43.3% rise year-over-year. The company also announced an EPS of $0.07.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:06 am

SCPPF

Citi has identified S4 Capital (OTC:SCPPF) as a high-risk, high-reward investment, predicting a 280% surge in its stock price. Despite a 25% drop in core earnings in 2023 and a 60% decline over the past 12 months, shares have recently rebounded by nearly 15%. Citi's optimism is based on the potential for a business rebound as the tech sector stabilizes and project-based work increases. This comes amid mixed market forecasts, with some analysts warning of potential corrections while others see continued bull market conditions.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 8:43 am

TIP

Former Treasury Secretary Larry Summers warned that a rate cut in June could be a 'dangerous and egregious error' following hotter-than-expected March inflation data. Consumer prices rose more than anticipated, with core and super core inflation rates also exceeding forecasts. Summers highlighted the risk of ignoring inflation pressures, especially with the economy growing faster than potential and short-term Treasury rates exceeding longer-term rates. This suggests the neutral rate is above the 2.6% level used by the Fed. The futures market has since adjusted, showing an 83% probability of the Federal Reserve maintaining the current rate. The iShares TIPS Bond ETF (TIP) fell 0.96% to $105.84.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 7:39 am

SHLT

A study by Imperial College London found that SHL Telemedicine's SmartHeart® technology significantly reduces hospital readmissions by 76% and emergency department visits by 41% for post-heart attack patients. This underscores the effectiveness of SHL's remote cardiac care solutions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:30 am

LAKE

Lakeland Industries (LAKE) projects FY 2025 revenue to be between $140M-$150M, surpassing the consensus of $138.9M. The company also forecasts its adjusted EBITDA to range from $16.8M to $18.5M, including the impact of the Jolly Scarpe and Pacific Helmets acquisitions but excluding the upcoming LHD fire and rescue business acquisition expected to close in late May 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:14 am