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DFH

Dream Finders Homes shares are trading lower following the announcement of their Q1 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:23 pm

AAPL

AI

BA

CVNA

DJT

NVDA

PTON

SMCI

TLRY

TSLA

The top 10 trending stocks on WallStreetBets as of May 2, 2024, include a diverse range of companies from technology to automotive. The stocks mentioned are AAPL, BA, TSLA, NVDA, CVNA, DJT, AI, TLRY, SMCI, and PTON, showcasing the varied interests of the WallStreetBets community.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:19 pm

TJX

UBS analyst Jay Sole upgrades TJX Companies from Neutral to Buy and increases the price target from $104 to $132.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:18 pm

LNTH

Lantheus shares surged following the announcement of stronger than anticipated Q1 results and an upward revision of its FY24 adjusted EPS forecast.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:18 pm

CORT

Corcept Therapeutics' shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company raised its FY24 revenue guidance above analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:17 pm

VSTS

Vestis shares are trading lower following the announcement of Q2 earnings per share (EPS) and sales that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:16 pm

CVS

UBS analyst Kevin Caliendo downgraded CVS Health (NYSE:CVS) from Buy to Neutral and reduced the price target from $85 to $60, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:16 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) reported first-quarter earnings surpassing expectations with GAAP earnings of $2.20 per share against estimates of $1.97 and sales of $794 million versus expected $702.175 million. The company maintained its 2024 guidance with earnings of $13 to $14 per share and revenue of $4.4 to $4.6 billion. Following the announcement, analysts from Goldman Sachs, Morgan Stanley, Mizuho, Jefferies, and Oppenheimer raised their price targets on FSLR.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 1:16 pm

FTHI

KOMP

STLA

TSLA

Stellantis NV is shifting its engineering recruitment to lower-cost countries like Morocco, India, and Brazil to counter cheaper Chinese EVs and reduced demand. The move aims to reduce costs amid declining EV demand, a strategy also seen in other Western automakers like Tesla Inc and Volkswagen AG. Stellantis plans to cut jobs, including 400 engineering positions in Michigan, and aims for two-thirds of its engineering workforce in cost-effective regions. Despite a 12% drop in net revenues to $44.6 billion in Q1, Stellantis is launching 25 new models in 2024. Its stock gained 38% in the last 12 months, with exposure through FTHI and KOMP ETFs.

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 1:15 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) CEO Barry McCarthy has resigned, and the company announced a 15% reduction in its global workforce due to a demand slump for its fitness products. The company is also scaling back its retail footprint to align spending with revenue and generate sustainable positive free cash flow. McCarthy's departure follows a period of cost-cutting and a pivot towards a software-centric approach amid high inflation and rising borrowing costs. Peloton has revised its full-year forecast for connected fitness subscribers downwards and appointed interim co-CEOs Karen Boone and Chris Bruzzo, with Jay Hoag as the new chairperson of the board.

Portfolio Pulse from Benzinga Neuro

May 02, 2024 | 1:15 pm