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LEVI

Levi Strauss & Co. (NYSE:LEVI) is expected to report Q1 earnings of 21 cents per share, down from 34 cents a year ago, with revenue projected at $1.55 billion. The company previously reported a Q4 revenue of $1.64 billion, missing estimates, but beat earnings expectations with 44 cents per share. Levi offers a 2.56% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $234,250 is needed. LEVI shares fell 7.7% to close at $18.74.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:57 am

AIR

ASUR

FWRD

GTEC

HTLD

The article highlights the top 5 industrials stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential buying opportunities. These include AAR Corp. (AIR), Heartland Express, Inc. (HTLD), Asure Software, Inc. (ASUR), Forward Air Corporation (FWRD), and Greenland Technologies Holding Corporation (GTEC). Each company's recent financial performance, stock price action, and RSI values are discussed, indicating a short-term performance outlook.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:55 am

CTRN

PCT

WBA

Insiders have recently made notable purchases in shares of Walgreens Boots Alliance, Citi Trends, and PureCycle Technologies. These purchases indicate insider confidence in the companies' prospects. Walgreens EVP and Global CFO acquired 6,000 shares, while Citi Trends saw a purchase by Pleasant Lake Partners LLC, and PureCycle Technologies had shares bought by Fernando Musa. These transactions occur amidst various company-specific news, including a price target adjustment for Walgreens by Morgan Stanley, disappointing financial results for Citi Trends, and a corporate update from PureCycle Technologies.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 11:55 am

ABIO

Trading for ABIO was halted but has now resumed as of 7:55:00 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:55 am

AYI

QCLN

SIMS

Acuity Brands, Inc (NYSE:AYI) reported a 4.0% decline in Q2 fiscal 2024 net sales to $905.9 million, missing consensus estimates. However, its adjusted EPS of $3.38 exceeded expectations. The company saw a mixed performance across segments, with Acuity Brands Lighting and Lighting Controls revenue down by 5.3% Y/Y, while Intelligent Spaces Group revenue increased by 17.0% Y/Y. Adjusted operating margins improved across the board, and the company generated $292.6 million in operating cash flow for the first half of fiscal 2024. AYI stock has gained 43% in the last 12 months and is part of the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and SPDR S&P Kensho Intelligent Structures ETF (NYSE:SIMS) portfolios.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 11:53 am

PRME

Prime Medicine's stock is trading higher following Wedbush's initiation of coverage with an Outperform rating and a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:49 am

GFI

Gold Fields shares are trading higher following the announcement of the start of production at its Salares Norte Mine. The stock's rise is also attributed to the recent strength in gold prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:48 am

FLNC

Fluence Energy's stock (FLNC) is trading higher following an upgrade from Raymond James, moving from Market Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:48 am

OWL

Blue Owl Capital announced a purchase agreement to acquire Kuvare Insurance Services LP for $750 million, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:47 am

AMZN

GOOG

MSFT

ONLN

XLY

Amazon AWS introduced Deadline Cloud, a service for the media and entertainment industry to facilitate rendering pipelines using AWS cloud. This service aims to meet the growing demand for high-quality rendering and generative AI content. AWS competes with Microsoft and Alphabet's Google in the cloud computing market. AWS's expansion includes a $10B investment in Mississippi and plans for data center expansions in Mexico and Japan. AMZN stock is slightly down in premarket trading, while exposure to AMZN can also be gained through XLY and ONLN ETFs.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 11:45 am