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TJX

Goldman Sachs analyst Brooke Roach upgrades TJX Companies (NYSE:TJX) from Neutral to Buy and raises the price target from $100 to $110.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:15 am

TAL

TAL Education reported Q4 adjusted earnings of $0.08 per share, surpassing the $0.02 estimate, a 500% increase from last year's losses. Sales reached $429.56M, beating the $389.78M estimate, marking a 59.70% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:13 am

BTCUSD

DOGEUSD

SHIBUSD

The Shiba Inu (SHIB) token burn rate has dropped by 39.90% over the past week, coinciding with a 15% increase in SHIB's price. A significant transaction saw a whale acquiring 237 billion SHIB tokens, indicating strong market confidence. Despite a recent 7.90% price decline, SHIB has surged 148% year-to-date. Dogecoin (DOGE) and Bitcoin (BTC) also experienced price movements, with DOGE down 6.66% and BTC slightly down by 0.05% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 9:03 am

CHKP

Check Point Software (NASDAQ:CHKP) reported Q1 2024 adjusted EPS of $2.04, surpassing the $2.01 estimate, and sales of $598.8M, exceeding the $595.118M estimate. This represents a 13.33% increase in earnings and a 5.76% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:03 am

F

STLA

TSLA

Global Autos Analyst Tom Narayan highlighted the challenge automakers like Ford face with the decreasing prices of electric vehicles (EVs), impacting profitability. Ford's CFO, John Lawler, also expressed concerns over revenue loss due to EV price cuts, emphasizing cost-cutting measures. Tesla and Stellantis have made similar price adjustments, with Tesla cutting prices in China and the U.S., and Stellantis' CEO warning against the risks of reduced profitability.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 8:46 am

META

Analyst Rich Greenfield expressed skepticism about the profitability of AI chatbots for Meta Platforms Inc. (NASDAQ:META), despite its significant investments in AI and its position as a key player in the competitive AI space. Greenfield highlighted the challenges of monetizing AI chatbots amidst competition from companies like Microsoft and Google. Meta's focus on AI has been evident, with CEO Mark Zuckerberg hinting at a shift towards more advanced AI agents. Despite a 27% year-over-year revenue increase in Q1 2024, Meta's stock saw a 15.57% decrease.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 8:44 am

GS

Sen. Ted Cruz disclosed a transaction where his spouse sold shares of Goldman Sachs Group, Inc. (NYSE:GS) on April 15, coinciding with the company's Q1 earnings release. The sale could be worth up to $500,000. Goldman Sachs reported strong Q1 results, with the stock rallying about 3% on the earnings release day before pulling back 1% the next session. The stock has since reversed course, closing at $423.04, down 0.23% from its previous close.

Portfolio Pulse from Shanthi Rexaline

April 25, 2024 | 8:30 am

F

Ford Motor Co (NYSE:F) is emphasizing hybrid vehicles to diversify its offerings amid competition from Honda and Toyota in the hybrid market. Ford's global hybrid sales increased by 36% year-on-year in the first quarter, with a target growth of 40% for 2024. CEO Jim Farley highlighted the company's focus on hybrid trucks in North America, where it faces less competition. Despite the industry's shift towards electric vehicles (EVs), with Tesla's Elon Musk criticizing the move towards hybrids, Ford is making modest investments in hybrid technology. General Motors, another U.S. player, plans to introduce plug-in hybrid technology in select vehicles, focusing on pure electric vehicles for 2024.

Portfolio Pulse from Anan Ashraf

April 25, 2024 | 7:48 am

HON

Honeywell International Inc. (NASDAQ:HON) is anticipated to report higher Q1 earnings on April 25, 2024, with expected earnings of $2.17 per share and revenue of $9.03 billion, up from the previous year. The company also plans to acquire Civitanavi Systems S.p.A. Analyst ratings have varied, with Deutsche Bank downgrading the stock to Hold and Barclays maintaining an Overweight rating.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 7:15 am

AAPL

META

Mark Zuckerberg announced Meta's shift towards developing AI 'agents' over chatbots, emphasizing their ability to handle complex tasks. Gene Munster predicts Apple will pursue a similar AI strategy. Despite Meta's Q1 2024 revenue increase, its stock fell 17% post-announcement due to higher AI development costs. Meta's shares dropped 15.1% after hours.

Portfolio Pulse from kaustubh@benzinga.com

April 25, 2024 | 6:58 am