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Earnings

ACRV

HUBC

LASE

MDIA

NEOG

VINC

WAVE

U.S. stocks traded higher with the Dow Jones gaining over 50 points. Neogen Corporation reported lower than expected Q3 earnings and reduced 2024 guidance. Laser Photonics, Acrivon Therapeutics, and MediaCo Holding saw significant stock increases, while Vincerx Pharma, Eco Wave Power Global, and HUB Cyber Security experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 1:51 pm

GIPR

Generation Income (NASDAQ:GIPR) reported its quarterly earnings, with a Funds From Operations (FFO) of $0.28 per share for Q4.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:48 pm

ROOT

Root Inc. saw significant trading activity in its May 17 $125 call options, with 109 contracts traded at $6.9 each versus an open interest of 37 contracts. This activity comes ahead of Root's estimated earnings release on May 1, after the market closes. The reference stock price at the time of the option trade was $83.43.

Portfolio Pulse from Charles Gross

April 09, 2024 | 1:47 pm

ASML

Options trading activity for ASML Holding (NASDAQ:ASML) indicates a bullish sentiment among investors, with 54% of trades being bullish and 45% bearish. The trading range for ASML's stock price is expected to be between $520.0 and $1040.0 over the next three months. The company, a leader in photolithography systems for semiconductor manufacturing, is currently trading at $993.34, up 1.08%, with an RSI suggesting it may be approaching overbought territory. An earnings release is anticipated in 8 days, and an analyst from Wells Fargo has set a target price of $1150.0, maintaining an Overweight rating.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:46 pm

LLY

Eli Lilly and Co (NYSE:LLY) has seen a significant bearish stance from big-money investors, as revealed by options trading data. The sentiment is predominantly bearish with 87% against 12% bullish. Large trades have targeted a price range of $750.0 to $830.0 for LLY over the last 3 months. The trading volume and open interest trends in options indicate a keen interest in these price levels. Eli Lilly, a major drug firm, is approaching its earnings announcement with its stock price slightly up and potentially nearing overbought territory.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:45 pm

TSLA

Analysts express skepticism about the impact of Tesla's upcoming robotaxi unveiling on August 8, citing concerns over the full-self-driving software's reliability and potential delivery growth reduction. Future Fund's Gary Black anticipates a lack of investor excitement without assurances on software safety and liability. He also predicts a downward revision of Tesla's 2024 delivery growth and earnings per share estimates. Bernstein analyst Toni Sacconaghi views the robotaxi announcement as aspirational, comparing it to previous Tesla projects like the Semi and Roadster, and highlights competitive threats from companies like BYD.

Portfolio Pulse from Shanthi Rexaline

April 09, 2024 | 1:32 pm

AYRO

AYRO, Inc. has announced in an SEC filing that it aims to reduce its burn rate to approximately $1.5 million per quarter by 2024. This financial target is part of the company's broader strategy to manage its expenses and improve its financial health.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:25 pm

AVUV

EADSY

PSCI

Air Lease Corporation (AL) reported delivering 14 new aircraft in Q1 2024, a decrease from 22 in the same period last year. The company's investments in aircraft fell to $900 million from $1.4 billion year-over-year, and it sold five aircraft, up from two. Air Lease's fleet includes 472 owned and 73 managed aircraft, with 320 new aircraft on order from Boeing (BA) and Airbus (EADSY) through 2028. The company also issued $500 million in senior unsecured notes and disclosed lease agreements for three Boeing 787-9 aircraft with Thai Airways.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 1:21 pm

GIPR

Generation Income Properties (GIPR) announced that it will not provide guidance on future financial results or details on potential acquisitions and dispositions at this time.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:20 pm

GIPR

Generation Income (NASDAQ:GIPR) reported Q4 sales of $3.122 million, surpassing the analyst consensus estimate of $2.369 million by 31.79%.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:19 pm