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VWAGY

XPEV

XPeng Inc. (NYSE:XPEV) shares rose in premarket trading after announcing a framework agreement with Volkswagen AG (OTC:VWAGY) (OTC:VLKAF) for technical collaboration on Volkswagen's EV platform in China. The collaboration focuses on integrating XPeng's E/E Architecture for central computing and domain controller-based architecture in Volkswagen's electric vehicles, expected to be produced in China from 2026.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 11:28 am

NMHIW

Trading for NMHIW was halted at 7:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

NMHI

Trading for NMHI was halted at 7:25:00 a.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

AGFY

Trading for AGFY was halted at 7:25:00 a.m. ET due to pending news, indicating a significant announcement or development is forthcoming.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:25 am

OMC

Omnicom Group Inc. (NYSE:OMC) shares rose in premarket trading after reporting first-quarter FY24 results with a 5.4% Y/Y revenue increase to $3.63 billion, surpassing the consensus of $3.615 billion. This growth was attributed to organic growth of 4.0%, acquisition revenue increase by 1.5% led by Flywheel Digital, and a negligible impact from foreign currency translation. Adjusted EBITA increased by 4.1% Y/Y to $500.4 million, though the margin slightly decreased. Adjusted EPS of $1.67 beat the consensus of $1.55. The company's performance was bolstered by strong advertising, media, and precision marketing disciplines, including contributions from Flywheel Digital.

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 11:22 am

URBN

Jefferies analyst Corey Tarlowe downgraded Urban Outfitters (NASDAQ:URBN) from Hold to Underperform and reduced the price target from $42 to $32, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:18 am

ELF

e.l.f. Beauty's stock (ELF) is trading higher following an upgrade from Hold to Buy by TD Cowen, despite a reduction in the price target from $220 to $190.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:18 am

TSLA

Financial expert Gary Black discussed the uncertain future of Tesla Inc. (NASDAQ:TSLA) stock ahead of its earnings call, emphasizing the impact of CEO Elon Musk's presentation of the timeline for Tesla's $25K compact vehicle. This vehicle is expected to significantly contribute to Tesla's volume as it targets the mass market. Black predicts production to start in 2026, despite Tesla's focus on the robotaxi project. Amidst this, Tesla shares have fallen, but Ark Invest, led by Cathie Wood, has purchased additional shares.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 11:17 am

TPR

Tapestry shares are trading higher after reports surfaced that the FTC is preparing to sue to block Tapestry's acquisition of Capri. This news suggests potential regulatory hurdles for the merger, impacting investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:17 am

AINC

KFS

Insiders at Ashford Inc. and Kingsway Financial Services have made notable stock purchases, signaling confidence in their companies. Ashford's CEO acquired 200,000 shares, following a reverse stock split announcement. Kingsway's President and CFO also bought shares amid an extension of its share repurchase program.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:13 am