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SNY

Sanofi's shares are trading lower following the announcement that Royalty Pharma has acquired a royalty interest in Sanofi's Frexalimab.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:17 pm

BLBD

Roth MKM analyst Craig Irwin has maintained a Buy rating on Blue Bird (NASDAQ:BLBD) and increased the price target from $40 to $43, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:17 pm

NSC

Norfolk Southern shares are trading higher after Ancora secured board seats, although shareholders voted to retain CEO Alan Shaw. This development suggests investor confidence in the company's current leadership and strategic direction, potentially leading to positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:16 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares surged after reporting Q1 financial results surpassing expectations with $618 million in revenue and 18 cents EPS. The company saw significant growth in transaction-based revenue, primarily from cryptocurrency, and increases in funded customers, assets under custody, net deposits, monthly active users, and average revenue per user. Robinhood anticipates adjusted operating expenses and stock-based compensation between $1.85 billion and $1.95 billion for 2024. Analysts from Piper Sandler and Needham maintained Neutral and Hold ratings, respectively, with a price target adjustment to $18.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:15 pm

ALK

BA

Boeing Co faces another setback as a Boeing 737-300 aircraft, operated by Transair for Air Sénégal, crashed during takeoff in Senegal, injuring 11. This adds to Boeing's recent troubles, including regulatory scrutiny after a door panel incident on an Alaska Air flight and whistleblower complaints. Boeing's shares dropped 0.30% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

May 09, 2024 | 1:15 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) reported Q1 financial results with revenue of $951.4 million, surpassing estimates, and a loss of 78 cents per share, slightly better than expected. Despite a 6% decline in North American box office sales, AMC grew its domestic market share and per patron profitability. CEO Adam Aron remains optimistic about recovery, citing the impact of Hollywood strikes but looking forward to a strong film lineup in the coming years. AMC plans to reduce debt and has announced a Listening Event with Billie Eilish. Shares fell 4.08% to $3.06.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:15 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) shares dropped following its Q1 financial results, despite beating revenue and EPS estimates, due to a cautious outlook for Q2 2024. The company highlighted strong Q1 performance driven by travel demand and Easter timing, with significant revenue growth expected in Q3 2024 around major events like the Olympics and Euro Cup. Q2 revenue guidance was slightly below estimates, and Piper Sandler raised its price target for ABNB.

Portfolio Pulse from Adam Eckert

May 09, 2024 | 1:14 pm

TKO

Roth MKM analyst Eric Handler has maintained a Buy rating on TKO Group Holdings (NYSE:TKO) and increased the price target from $112 to $121.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:14 pm

AREB

American Rebel has entered into a distribution agreement with Bonbright Distributors to expand its presence in nine counties in the Dayton, Ohio area. This strategic move aims to enhance American Rebel's market penetration and visibility in a key regional market.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:10 pm

LSF

Roth MKM analyst George Kelly upgraded Laird Superfood (AMEX:LSF) from Neutral to Buy and increased the price target from $1.3 to $4.5, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:09 pm