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MRX

Marex Group's IPO is indicating a price of $19.50 per share on 1,028,839 shares, with the IPO initially priced at $19 per share on 15.385 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:56 pm

ITGR

Integer Holdings shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:56 pm

DJD

DOW

RDIV

Dow Inc (NYSE:DOW) shares fell after reporting Q1 FY24 results with a 9% Y/Y sales decline to $10.77 billion, slightly above consensus. Adjusted EPS was $0.56, beating the $0.45 consensus. Despite local price drops and mixed regional performance, volume increased by 1% Y/Y. Operating EBIT declined to $674 million, but margins expanded. The company returned $693 million to shareholders and highlighted its strategic focus on long-term growth and sustainability. Exposure to DOW can also be gained through Invesco ETFs DJD and RDIV.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 3:55 pm

OSIS

OSI Systems shares are trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:55 pm

EADSY

Airbus announced that its 2024 guidance remains unchanged, with gross commercial aircraft orders totaling 170 and an equal number of net orders due to no cancellations. The order backlog has reached 8,626 commercial aircraft as of the end of March 2024. Additionally, Airbus plans to increase the production rate of the A350 to 12 aircraft a month by 2028.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:49 pm

HON

Honeywell International Inc (NASDAQ:HON) reported Q1 fiscal 2024 sales of $9.105 billion, a 3% increase Y/Y, beating consensus estimates. Adjusted EPS was $2.25, surpassing the $2.17 consensus. The growth was driven by Aerospace Technologies and Energy and Sustainability Solutions. The company also announced the acquisition of Civitanavi Systems to enhance its Aerospace navigation offerings. Honeywell expects Q2 sales between $9.2 billion and $9.5 billion, with adjusted EPS of $2.25 to $2.35. The 2024 outlook anticipates sales between $38.1 billion and $38.9 billion, with adjusted EPS of $9.80 to $10.10.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 3:43 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares fell by 4% on Thursday despite announcing two new contracts for Basic Engineering and Design Packages (BEDP) for projects in Europe and the U.S., totaling up to 350 megawatts of electrolyzers. This addition brings Plug Power's global BEDP contracts to 4.5 gigawatts, including a significant 500 megawatts contract in Europe earlier this year. The company plans to deliver 40 electrolyzer systems by 2024, expanding its presence in multiple regions worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 3:40 pm

ASX

SOXX

TDIV

ASE Technology Holding Co, Ltd (NYSE:ASX) reported Q1 2024 revenue of $4.24 billion, missing the consensus of $4.41 billion, with a year-on-year growth of 1.5% but a quarter-on-quarter decline of 17.3%. The ATM business grew 0.8% Y/Y, while EMS revenues increased by 2.8% Y/Y. Gross margin improved to 15.7%, but operating margin fell slightly to 5.7%. Diluted EPS was $0.084, below the expected $0.100. Capital expenditures were $228 million. ASX stock is down 2.2% to $10.13, impacting related ETFs SOXX and TDIV.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 3:39 pm

VWAGY

XPEV

XPeng Inc (NYSE:XPEV), a Chinese EV manufacturer, is considering overseas production due to a European investigation into Chinese-made EVs for potential unfair advantages from state subsidies. The European Commission's probe, deemed protectionist by China, has prompted XPeng to review its strategy as it aims to increase its international sales from 1%-2% to around 10% this year. Despite challenges, XPeng plans to expand in Europe and eyes the U.S. market, emphasizing the global transition to green technology.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 3:36 pm

AMSF

AMERISAFE shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 3:36 pm