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MA

Mastercard Incorporated (NYSE:MA) is anticipated to report higher earnings for Q1 2024 before the market opens on May 1, with analysts expecting earnings of $3.02 per share compared to $2.8 per share a year ago, and revenue of $5.92 billion up from $5.75 billion. The company has recently realigned its teams to focus on Core Payments, Commercial and new Payment Flows, and Services. Shares fell 1.3% to close at $451.20 recently. Analysts from Baird, JP Morgan, Jefferies, Wells Fargo, and BMO Capital have updated their ratings and price targets for Mastercard, indicating a positive outlook.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:56 pm

CMS

PPL

SRE

Wall Street's most accurate analysts recommend buying three utilities stocks with over 3% dividend yields: CMS Energy Corporation (CMS), Sempra (SRE), and PPL Corporation (PPL). These recommendations are based on their high dividend yields, strong quarterly earnings, and positive analyst ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:56 pm

ETSY

Loop Capital analyst Laura Champine downgrades Etsy (NASDAQ:ETSY) from Buy to Hold and lowers the price target from $70 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:56 pm

COOT

MED

SHOT

TAP

The article highlights the top 4 defensive stocks in the consumer staples sector that are currently oversold, presenting a potential buying opportunity. These include Medifast, Inc. (MED), Safety Shot, Inc. (SHOT), Molson Coors Beverage Company (TAP), and Australian Oilseeds Holdings Limited (COOT), all of which have an RSI near or below 30, indicating they may be undervalued.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:56 pm

CVNA

Carvana Co (NYSE:CVNA) reported first-quarter revenue of $3.061 billion, surpassing the consensus estimate of $2.673 billion, with adjusted EBITDA of $235 million. Vehicle sales increased by 16% year-over-year to 91,878. The company anticipates sequential growth in retail units and adjusted EBITDA for Q2 and is confident in achieving its full-year 2024 growth targets. Following the earnings announcement, Carvana's stock rose 5%, and analysts from Baird, JP Morgan, and Needham updated their price targets and ratings.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 12:55 pm

MCAG

Trading for MCAG was halted at 8:55:00 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

May 02, 2024 | 12:55 pm

MCAGU

Trading for MCAGU was halted at 8:55:00 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

May 02, 2024 | 12:55 pm

MCAGR

Trading for MCAGR was halted at 8:55:00 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

May 02, 2024 | 12:55 pm

SGBX

Trading for SGBX was halted and then resumed at 8:55:00 AM ET, with updates on news and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:55 pm

GOOGL

MSFT

An internal Microsoft email revealed concerns about lagging behind Google's AI capabilities, prompting investment in OpenAI. The email, part of a Justice Department antitrust case, highlights Microsoft's efforts to catch up in AI technology. Microsoft's CEO Satya Nadella emphasized the investment was aimed at broader innovation, not just search. The case sheds light on the competitive AI landscape, with Microsoft leveraging OpenAI's technology to enhance its products and Google facing challenges with its AI chatbot, Bard.

Portfolio Pulse from Ananya Gairola

May 02, 2024 | 12:53 pm