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Earnings

TM

Toyota Motor Corp (NYSE:TM) shares declined after the company reported a 21.8% year-over-year increase in U.S. sales for March 2024, with sales of electrified vehicles making up 36.4% of the total. Despite the positive sales data, shares dropped by 0.89% to $239.99. The company highlighted its diverse portfolio of 27 electrified vehicle options across the Toyota and Lexus brands and announced plans to launch over 20 new or refreshed vehicles, including hybrid versions of the Tacoma, Land Cruiser, and Camry.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 5:57 pm

AAPL

AMZN

FCX

MSFT

NVDA

QQQ

SPY

TSLA

Freeport-McMoRan Inc (FCX) has outperformed NVIDIA Corp (NVDA) due to optimism about China's economy, a major copper user. Positive PMI data from China and comments from Fed Chair Powell on interest rates have influenced market movements. Early trade money flows show positive trends for AMZN, MSFT, TSLA, neutral for NVDA, META, GOOG, and negative for AAPL. Mixed flows are observed in SPY and QQQ. The article also highlights the importance of portfolio construction and diversification.

Portfolio Pulse from The Arora Report

April 02, 2024 | 5:55 pm

DJT

Trump Media & Technology Group shares are trading higher, possibly due to a rebound after the company announced expected continued operating losses and negative cash flows for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:32 pm

ACOR

SNAX

VVPR

Stryve Foods shares plummeted by 25% due to a significant fourth-quarter revenue miss. Other stocks experienced notable movements, with VivoPower International surging 315% after announcing a merger, and Acorda Therapeutics dropping 83.5% following a Chapter 11 bankruptcy filing. Various companies reported financial results, mergers, and other significant updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 5:23 pm

VEEV

Veeva Systems Inc. (NYSE:VEEV) shares dropped due to the announcement of CFO Brent Bowman's departure by April 1, 2024, and other significant management changes. Despite this, Veeva reiterated its Q1 revenue outlook of $640-$643 million and FY revenue of $2.725-$2.740 billion. The company also detailed the transition plan for Veeva CRM customers to Vault CRM, expected to start in early 2025.

Portfolio Pulse from Nabaparna Bhattacharya

April 02, 2024 | 5:23 pm

GM

General Motors Co. (NYSE:GM) reported a 6% increase in retail sales year-over-year and delivered 594,233 vehicles in the U.S. in Q1 2024, a slight decrease of 1.5% due to lower fleet deliveries. GM maintained its leadership in key vehicle categories and is on track with its Ultium Platform EV production, including the Cadillac LYRIQ.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:08 pm

MKC

McCormick & Co (NYSE:MKC) has been analyzed by 7 analysts in the last three months, showing a diverse range of perspectives. The recent ratings indicate a shift towards a more bullish outlook, with the latest 12-month price targets suggesting an average target of $70.71, up from the previous $66.80. Analyst actions include both upgrades and downgrades, reflecting changing market conditions and company performance. McCormick's financials show strong revenue growth and net margin, but below-average ROE and ROA, indicating potential challenges in utilizing equity and assets efficiently.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 5:00 pm

MVST

Microvast Holdings Inc (NASDAQ:MVST) reported Q4 financial results with a 61.4% year-over-year revenue increase to $104.58 million, surpassing estimates. Despite beating adjusted EPS estimates, the company's weak Q1 guidance, expecting revenue between $65 million to $75 million versus estimates of $132.84 million, led to a 31.7% drop in its stock price. Oppenheimer analyst Colin Rusch maintained an Outperform rating but lowered the price target from $8 to $4.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 4:51 pm

GME

GameStop Corp (NYSE:GME) shares dropped 3.6% to $11.56, hitting a new 52-week low, following a report of worse-than-expected Q4 financial results. The company's Q4 net sales were $1.794 billion, a decline from $2.226 billion the previous year, and below the consensus estimate of $2.05 billion. Earnings per share were also below expectations at 22 cents, compared to the anticipated 29 cents. The full fiscal year sales also decreased from $5.927 billion to $5.273 billion.

Portfolio Pulse from Henry Khederian

April 02, 2024 | 4:51 pm

MCD

Financial analysts have observed a significant bullish trend in McDonald's (NYSE:MCD) options trading, with 69% of trades being bullish. The analysis highlighted a focus on a price range between $270.0 and $320.0 for McDonald's, based on unusual trading activity. The largest trades were call options, indicating a strong bullish sentiment towards MCD. McDonald's, a global leader in the fast-food industry, has a current stock price of $279.5, slightly down by -0.26%. The next earnings report is expected in 28 days, and the current RSI values suggest the stock may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:45 pm