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SSBK

Southern States (NASDAQ:SSBK) reported Q1 2024 adjusted EPS of $0.90, surpassing the $0.83 estimate, and sales of $22.107M, exceeding the $21.600M forecast. This represents an 11.11% increase in EPS and a 3.63% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:41 am

KURA

Kura Oncology's stock price increased following the FDA's Breakthrough Therapy Designation for Ziftomenib, aimed at treating NPM1-Mutant AML.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:39 am

VSTO

Vista Outdoor shares are trading higher following the company's advice to MNC Capital to increase its offer price.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:38 am

BCDA

CLSD

EXFY

Insiders at BioCardia, Expensify, and Clearside Biomedical have recently made significant stock purchases, signaling confidence in their companies' prospects. BioCardia's CEO acquired shares following a narrower-than-expected quarterly loss. Expensify's major owner bought shares after reporting strong Q4 earnings. Clearside Biomedical's director made purchases after a new executive joined its board.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 11:38 am

TROX

Tronox shares surged following the announcement of stronger-than-expected preliminary Q1 revenue guidance and an anticipated adjusted EBITDA above its previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:37 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing a sell-off, with its stock set to open at 15-month lows due to recent price cuts across its U.S. and international electric-vehicle lineups, excluding the refreshed Model 3 and Cybertruck. The price reduction strategy, including a significant cut in its full self-driving software price, is seen as margin-eroding ahead of its Q1 earnings report. Analysts, including Future Fund's Gary Black, anticipate these moves could lead to a $2.7 billion annual revenue loss and a 60 cents per share earnings reduction, prompting a negative outlook and potential further price target adjustments by Wall Street.

Portfolio Pulse from Shanthi Rexaline

April 22, 2024 | 11:24 am

EXPR

Express Inc (OTC:EXPR) has filed for Chapter 11 bankruptcy and plans to close about 95 Express retail stores and all UpWest stores. The company received $35 million in new financing from its lenders and $49 million from the IRS related to the CARES Act. A consortium led by WHP Global has shown interest in buying a majority of Express's retail stores and operations. Mark Still has been appointed as the new CFO. Express's shares fell by 9.09% to $0.70.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 11:23 am

AMD

ATMU

BECN

DHI

HPE

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides in stocks like AMD, D.R. Horton, Beacon Roofing Supply, Hewlett Packard Enterprise, and Atmus Filtration Technologies. These picks come amidst mixed U.S. stock market performances, with the S&P 500 recording its worst weekly performance since March 2023. Analysts from firms such as Wedbush, Benchmark, and Wells Fargo have provided ratings with significant accuracy, offering insights into potential market movements.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 11:21 am

CAN

Canaan Inc. shares are experiencing an uptick following the announcement by company executives of their plans to buy back $2 million worth of the company's shares. This move is often seen as a sign of confidence by the company's leadership in its future prospects, potentially leading to increased investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:18 am

HBT

HBT Financial Inc. (HBT) reported Q1 2024 adjusted EPS of $0.57, surpassing the $0.55 estimate, but its sales of $52.314M fell short of the $56.631M forecast, marking a 3.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:12 am