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DOOO

BRP (NASDAQ:DOOO) reported Q4 adjusted EPS of $1.82, missing the $1.92 estimate, and sales of $1.99B, missing the $2.05B estimate. This represents a 36.36% decrease in earnings and a 12.71% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:07 am

ATAT

Atour Lifestyle Holdings (NASDAQ:ATAT) reported Q4 sales of $212.01M, surpassing the $168.26M estimate by 26.00%. This represents a 133.52% increase from the $90.79M sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:05 am

CAAS

China Automotive Systems (NASDAQ:CAAS) reported a significant increase in Q4 earnings per share, rising 157.14% to $0.36 from $0.14 YoY. Sales also saw a 23.60% increase to $159.20M from $128.80M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:04 am

REX

REX American Resources (NYSE:REX) reported Q4 earnings of $1.17 per share, surpassing the $0.68 estimate, a 148.94% increase from last year. However, sales of $187.61M fell short of the $190.26M estimate, marking a 6.27% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:04 am

ETN

GE

XLI

Jim Chanos, a notable investor and short-seller, has raised concerns over the 'insane valuations' of certain industrial stocks, specifically pointing out Eaton Corporation Plc (ETN) and General Electric Co. (GE). Despite the market's focus on big tech and AI, Chanos warns that these industrial companies are trading at high multiples relative to their growth, with ETN at nearly 30 times its last twelve-month EBITDA and GE at nearly 40 times estimated earnings per share in its aerospace business. This comes amid a broader market rally and investor optimism, as reflected in the performance of the Industrial Select Sector SPDR Fund (XLI), which has seen an 11% year-to-date increase.

Portfolio Pulse from Shanthi Rexaline

March 28, 2024 | 9:45 am

BETR

CC

GCTS

MLKN

RDDT

RUM

SSP

WOOF

MillerKnoll reported lower-than-expected sales for Q3 and weak Q4 guidance, causing its shares to drop 17.4% in pre-market trading. Other stocks like GCT Semiconductor, Chemours, E.W. Scripps, Better Home & Finance, Reddit, Rumble, and Petco also saw pre-market declines due to various reasons including disappointing quarterly results, changes in stock index composition, and concerns over business models.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 9:25 am

DJT

Peter Schiff predicts that if MAGA investors push Trump Media & Technology Group (NASDAQ:DJT) stock to $2,000 per share, Donald Trump could become the world's 7th richest person. DJT's stock surged 16% on its debut day, closing at $66.22. Schiff suggests DJT could further boost its value by adding Bitcoin to its balance sheet and rebranding as Trump AI and Crypto Technology Group.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 9:09 am

ALL

HSBC analyst Vikram Gandhi upgraded Allstate (NYSE:ALL) from Hold to Buy and set a new price target of $190. This represents a positive outlook on Allstate's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:55 am

HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) shares rose nearly 4% after announcing a new credit card, the Robinhood Gold Card, offering 3% cash back with no annual or foreign transaction fees. Despite the surge, CNBC's Jim Cramer expressed concerns about the stock's rapid growth, attributing it to 'pure momentum' rather than fundamentals. Robinhood aims to centralize customer assets and financial transactions on its platform.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 8:41 am

TGI

Wolfe Research analyst Myles Walton upgraded Triumph Group (NYSE:TGI) from Peer Perform to Outperform with a new price target of $18.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:34 am