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Stock Prices

INCY

Incyte shares are trading lower due to a miss in Q1 earnings, indicating a potential short-term negative impact on its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:11 pm

XP

XP shares are trading lower following a downgrade by Goldman Sachs to Neutral.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:11 pm

SYY

Sysco's stock is trading lower due to mixed results in their Q3 earnings report, indicating a performance that did not fully meet market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:11 pm

AU

GFI

SBSW

Shares of precious metals stocks, including AU, GFI, and SBSW, are trading lower due to a decrease in the price of gold.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:10 pm

IPWR

Ideal Power Inc (NASDAQ:IPWR) has received an order for SymCool power modules from a Forbes Global 500 company, indicating a potential sales surge in the second half of 2024. The modules, which offer lower conduction losses and cost savings, are being evaluated for use in solid-state circuit breakers for industrial markets. Despite this positive development, IPWR shares dropped 11.20% to $6.95.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 1:10 pm

PBI

Lakeview Investment Group & Trading Company, LLC, holding approximately 2.55% of Pitney Bowes Inc. (PBI) shares, issued an open letter urging PBI's Board to sell its Global Ecommerce (GEC) unit. Lakeview argues this sale could significantly reduce PBI's leverage ratio, potentially double its share price, and address the ongoing issue of leadership turnover. They believe divesting the money-losing GEC could enhance shareholder value by improving net income and balance sheet health, suggesting the company could then focus on debt reduction and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:10 pm

IPWR

Ideal Power Inc. has received an order for its SymCool power modules and drivers from a Forbes Global 500 leader in diverse power management markets, as reported exclusively to Benzinga.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:10 pm

ETN

Eaton Corporation's stock (ETN) is trading higher following the company's announcement of strong guidance for the second quarter and full year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:08 pm

KO

Coca-Cola Company (NYSE:KO) reported a 3% year-on-year sales growth for the first quarter of FY24, reaching $11.3 billion and surpassing analyst expectations. The company saw a 2% decline in concentrate sales but a 13% increase in price/mix, with unit case volume growing by 1%. Organic revenues rose by 11%, with significant growth in Europe, Middle East, and Africa (15%) and North America (7%). Gross profit increased by 6% to $7.065 billion, though operating income fell by 36% to $2.14 billion. Adjusted EPS of $0.72 beat estimates, and operating cash flow saw a significant increase. Coca-Cola raised its FY24 organic revenue growth outlook to 8%-9% and its comparable currency neutral EPS growth outlook to 11%-13%. Despite the positive financial performance and outlook, KO shares dropped slightly by 0.18% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 1:08 pm

FCX

SCCO

Shares of copper companies, including FCX and SCCO, are trading lower due to a decline in copper prices, influenced by concerns over China's demand outlook.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:08 pm