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XPRO

Trading of Expro Group Holdings (XPRO) shares has been temporarily halted on the downside as the market awaits pending news from the company.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:37 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its Q3 earnings after the market closes on April 25, 2024, with analysts predicting an earnings per share of $2.82, up from $2.45 the previous year, and revenue of $60.8 billion. The company recently launched the Phi-3 Mini AI model. Shares rose 0.4% to $409.06. Analysts from Stifel, BMO Capital, Morgan Stanley, UBS, and Jefferies have maintained positive ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:37 pm

AAL

BA

During a conference call, the CEO of American Airlines expressed a direct message to Boeing, urging the company to 'Get Your Act Together'. This statement reflects concerns over Boeing's performance or deliverables that directly impact American Airlines.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:36 pm

BTCUSD

CKBUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $64,000 mark and Ethereum trading below $3,200. The global crypto market cap declined by 4.3% to $2.36 trillion. U.S. economic data showed a decrease in jobless claims and a slowdown in GDP growth. Theta Fuel was the top gainer, while Nervos Network was the biggest loser among cryptocurrencies.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:35 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is in focus ahead of its fiscal third-quarter earnings report, expected to post earnings of $2.82 per share on $60.804 billion in revenue. Last quarter, Microsoft exceeded estimates with an 18% revenue increase year-over-year, driven by AI integration across its tech stack. The company anticipates a slight decrease in Microsoft Cloud gross margin and significant capital expenditure increases. Revenue growth forecasts include 10-12% for Productivity and Business Processes, approximately 15% for Office 365, mid-to-high single digits for Office Consumer and LinkedIn, and 18-19% for Intelligent Cloud. Ahead of the earnings, MSFT shares are down 3.11% at $396.33, influenced by broader market sell-offs and caution after Meta's post-earnings drop. Analysts remain positive, with price target adjustments reflecting optimism about Microsoft's performance.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 1:27 pm

BLK

MS

Morgan Stanley (NYSE:MS) is considering expanding its Bitcoin ETF offerings by allowing its 15,000 brokers to recommend them to clients, a shift from the current policy requiring client initiation. This move, still under refinement for risk management, reflects a broader trend among financial institutions cautiously embracing crypto, amidst varying approaches from firms like Merrill Lynch, Wells Fargo, and Vanguard. BlackRock Inc. (NYSE:BLK) and others have had Bitcoin ETF applications approved by the SEC, indicating a growing institutional interest in cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 1:23 pm

BTCUSD

Bitcoin's value has decreased in response to weaker than expected US GDP data, indicating a potential impact on investor sentiment towards cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:22 pm

VRT

Vertiv Holdings Co (NYSE:VRT) reported a strong first-quarter financial performance with an 8% Y/Y increase in net sales to $1.64 billion, surpassing the consensus of $1.62 billion. Organic orders rose 60% Y/Y, driven by AI deployment demands. Adjusted EPS was 43 cents, beating the 36 cents consensus. Vertiv raised its 2024 guidance, with revenue now expected to be between $7.54 billion and $7.69 billion, and adjusted EPS between $2.29 and $2.35. Following the announcement, Vertiv's shares rose 6.8% to close at $84.57. Analysts from Oppenheimer and JP Morgan raised their price targets on Vertiv to $98 and $100, respectively.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:20 pm

PTSI

P.A.M. Transportation Services announced a self-tender offer to purchase up to 550,000 shares, with the price range set between $15.50 and $18.00 per share, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:20 pm

NYCB

New York Community Bancorp's Board recommends shareholders to vote for several proposals, including a reverse stock split by a ratio of 1-3, increasing authorized shares, and approving executive compensation. Other proposals involve ratifying KPMG LLP as the independent auditor, amending the certificate of incorporation, waiving certain voting restrictions for affiliates of Liberty 77 Capital and Reverence Capital Partners, and approving a March 2024 capital raise in compliance with NYSE rules.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:19 pm