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KLG

Exane BNP Paribas analyst Max Gumport downgrades WK Kellogg (NYSE:KLG) from Neutral to Underperform with a new price target of $20.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:37 am

ATHM

Autohome Inc. (ATHM) reported Q1 earnings of $0.14 per share, missing the consensus estimate of $0.49 by 71.43%. Year-over-year, earnings decreased by 75.44% from $0.57. Q1 sales were $222.85M, slightly above the estimate of $220.60M, but marked a 0.21% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:35 am

TM

Toyota Motor reported quarterly sales of $303.897 billion, surpassing the analyst consensus estimate of $273.178 billion by 11.24 percent.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:14 am

DIS

Byron Allen publicly supports Disney CEO Bob Iger, expressing confidence in his leadership amid the company's challenges, including a revenue miss and a decline in entertainment revenue. Allen's endorsement comes as Disney faces scrutiny over its future direction and succession plans. Despite these hurdles, Disney is adjusting its streaming and content strategy, with Iger optimistic about securing NBA rights. Disney's stock saw a significant increase, closing up 9.51% at $105.39.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 9:05 am

ANTE

Airnet received a notification from NASDAQ's Listing Qualifications Department granting an extension to regain compliance for continued listing. This extension provides Airnet with additional time to meet NASDAQ's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 9:04 am

SOL

XRP

Glauber Contessoto, known as "SlumDOGE Millionaire", highlighted Solana's (SOL) significant price increase over the past year. A year ago, investing $250K in Solana would have yielded $1.65M today, marking a 6.6x increase. Solana's price saw a massive surge from historical lows post-FTX implosion, becoming the fifth-largest cryptocurrency by surpassing XRP. Despite a slower growth in 2024, bullish sentiment remains, with predictions of reaching new highs.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 8:59 am

MHGVY

Mowi (OTC:MHGVY) reported Q1 earnings of $0.23 per share, missing the $0.25 estimate, a 34.29% decrease from last year. Sales were $1.45B, beating the $1.27B estimate but slightly down from last year's $1.46B.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:52 am

AAPL

Apple Inc. CEO Tim Cook emphasized the Vision Pro at the recent iPad event, marking the fourth consecutive public mention. Gene Munster of Deepwater Asset Management highlighted Cook's consistent focus on Vision Pro, signaling Apple's commitment to the mixed reality headset. Despite no new announcements on Vision Pro, Jim Cramer sees its potential, especially in B2B markets. However, Apple faced challenges with Vision Pro, including a reported 50% cut in shipment forecasts due to decreased demand. Apple's stock closed slightly up at $182.40.

Portfolio Pulse from Rounak Jain

May 08, 2024 | 8:51 am

AAPL

Gene Munster of Deepwater Asset Management predicts a significant increase in Apple Inc.'s iPad sales in 2023, driven by updates to three of the four iPad models. These updates include a thinner design, larger screens, faster chips, and increased memory, expected to boost iPad's sales share from 7% to 8% within a year. However, Munster anticipates a decline in iPad sales by about 2% in 2025 due to longer upgrade cycles and the modest nature of updates. Additionally, the iPad Pro's price increase could add $1.3 billion to Apple's sales, enhancing its growth by 0.2%. Munster also highlighted Apple's competitive advantage in AI with the early announcement of the M4 chip.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 8:18 am

FLNG

Flex LNG, Ltd. (NYSE:FLNG) has entered into a new Time Charter agreement with a major Asian LNG importer for the vessel Flex Constellation, starting May 7, with a minimum duration until the end of the first quarter of 2025. The charterer has an option to extend for an additional year until the first quarter of 2026. Flex Constellation, delivered in June 2019, features advanced technology for reduced boil-off rates.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:16 am