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F

Ford Motor Co (NYSE:F) exceeded first-quarter revenue expectations with $42.8 billion and an EPS of $0.49, surpassing the consensus estimate of $0.42. BofA Securities reaffirmed a Buy rating with a $21 price target, highlighting strong volume growth in Ford's Pro segment and lower losses in Model e. Goldman Sachs maintained a Neutral rating with a $14 price target, noting the resilience of Ford Pro and raising the 2024 EPS estimate to $2.15. Ford anticipates a 2% industry-wide pricing decline in 2024, mainly in the second half, but expects demand for Pro to remain high with new launches in Europe.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 6:06 pm

CCOEY

Capcom ADR (OTC:CCOEY) has raised its full-year earnings forecast due to the success of Dragon's Dogma 2 and Street Fighter 6, increasing the net income forecast from ¥40 million to ¥43.3 million. The dividend forecast is set at ¥70 per share. Despite a turbulent launch for Dragon's Dogma 2, it sold 2.2 million units by early April 2024. Capcom also plans to increase starting salaries for new graduates in Fiscal Year 2025 and will make a special payment to employees in fiscal year 2024. Capcom's stock is currently up 1.83% at $8.34.

Portfolio Pulse from Franca Quarneti

April 25, 2024 | 6:04 pm

MTG

MGIC Investment has announced an additional $750 million share repurchase program, signaling confidence in its financial stability and future prospects. This move is likely to be viewed positively by investors as it often indicates a company's belief in its undervalued shares and a commitment to enhancing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:04 pm

DADA

Dada Nexus (NASDAQ:DADA) has received mixed analyst ratings over the last three months, with a significant decrease in the average 12-month price target from $8.60 to $2.62, indicating a 69.53% decrease. Analysts from Goldman Sachs, Jefferies, New Street Research, and Daiwa Capital have provided updates, with ratings ranging from Neutral to Buy and adjusted price targets. The company faces challenges in revenue growth, net margin, ROE, and ROA, performing below industry averages. Dada Nexus, a leading crowdsourced delivery service in China, is partly owned by JD.com and Walmart Inc.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:01 pm

ZWS

Zurn Elkay Water (NYSE:ZWS) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for ZWS is now $36.75, reflecting a slight increase from the previous target. Analysts from Deutsche Bank, Oppenheimer, Exane BNP Paribas, and Mizuho have provided updates, with actions ranging from lowering to announcing new ratings. Zurn Elkay's financials show a positive revenue trend with a growth rate of 4.85% as of December 31, 2023, but it faces challenges in net margin, ROE, and ROA, despite a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

MAA

Mid-America Apartment (NYSE:MAA) has seen a 20.65% increase in short interest since its last report, with 2.53 million shares sold short, representing 2.98% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 2.95%. The coverage time for these short positions is approximately 4.25 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

GRRR

Gorilla Tech Gr's (NYSE:GRRR) short interest has significantly increased by 254.39% since the last report, with 581 thousand shares sold short, representing 8.47% of its float. This rise in short interest, which now exceeds the peer group average of 3.24%, indicates a more bearish market sentiment towards GRRR. However, an increase in short interest does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

STC

Stewart Information Servs (NYSE:STC) has received mixed analyst ratings in the last three months, with 3 somewhat bullish and 1 indifferent rating. The average 12-month price target is $73.25, reflecting a 10.15% increase from the previous $66.50. Analysts from Stephens & Co. and Keefe, Bruyette & Woods have adjusted their price targets, indicating changing sentiments towards STC's market performance. Despite facing challenges in revenue growth, net margin, and ROE, STC's debt management remains sound.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

ZM

Zoom Video Communications (NYSE:ZM) has seen a 4.07% increase in its short percent of float since the last report, reaching 4.86% of all shares available for trading. With 12.67 million shares sold short, it would take about 6.52 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards ZM, although it's not a definitive predictor of stock price movement. Compared to its peers, ZM has a higher short interest, suggesting more bearish sentiment among investors relative to similar companies.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) reported fiscal third quarter results surpassing expectations with revenues of $3.8 billion and earnings of $7.79 per share. Analysts from Mizuho Securities, Raymond James, Needham, and KeyBanc provided positive outlooks, citing good performance, healthy demand from China, and a strong future growth potential, especially in 2025 driven by NAND recovery and technology inflections. The company's shares rose by 2.44% to $906.47 following the announcement.

Portfolio Pulse from Priya Nigam

April 25, 2024 | 5:57 pm