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R

Ryder System Inc (NYSE:R) shares surged after reporting Q1 FY24 sales of $3.098 billion, surpassing estimates of $3.062 billion. EPS was $2.14, beating the $1.71 consensus. Despite a decrease in Fleet management solutions revenue, Supply Chain and Dedicated Transportation Solutions saw significant growth. The company raised its FY24 adjusted EPS outlook but cut its total revenue growth forecast. Shares rose 10% to $119.91.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 2:42 pm

AAPL

Apple has announced a 'Let Loose' event scheduled for May 7, 2024, which is anticipated to introduce new products or updates. This announcement is likely to generate significant interest among investors and consumers, potentially impacting Apple's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:41 pm

BGNE

BeiGene's stock is trading higher following the European Commission's approval of Tislelizumab for non-small cell lung cancer, covering first- and second-line use across three indications.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:40 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) shares rose after reporting first-quarter FY24 results with revenue of $3.95 billion, surpassing the consensus of $3.58 billion. Home sale revenues increased by 10% Y/Y to $3.8 billion, driven by an 11% increase in closings. The gross margin for home sales improved to 29.6%, and net new orders grew by 14% Y/Y. GAAP EPS was up 32% Y/Y to $3.10, and adjusted EPS of $2.87 beat the consensus of $2.36. The company also repurchased 2.3 million shares and ended the quarter with a strong cash position and backlog. Investors can also gain exposure to PulteGroup through IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 2:38 pm

DJT

Shares of Trump Media & Technology Company experienced a significant drop, moving to session lows with a decrease of 10%. The article specifically mentions the symbol DJT in relation to this movement.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:37 pm

NCI

Trading for an IPO security was halted at 4:00:00 a.m. ET and has since resumed for quotation. NCI may be involved.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:35 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is facing significant attention ahead of its earnings report, with shares hitting new 52-week lows due to concerns over EV demand and potential disappointing results. Analysts have varied views, with some predicting negative free cash flow and others focusing on the need for a clear vision from CEO Elon Musk. Recent price target adjustments reflect a broad range of expectations for the company's financial performance. Tesla's recent actions, including workforce layoffs and price cuts in various markets, have contributed to the stock's decline. The company is expected to report an EPS of 51 cents and revenue of $22.33 billion.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 2:32 pm

AAPL

AMZN

FB

GOOGL

MSFT

NVDA

TSLA

Nicolai Tangen, CEO of the world's largest wealth fund, Norges Bank Investment Management, expressed concerns over the tech sector's frothiness ahead of major U.S. tech companies' earnings reports. The fund, which reported a first-quarter profit of $110 billion, largely from tech stock investments, is closely watching the upcoming earnings for signs of overvaluation. The tech sector's recent performance, including a 5.5% drop in the Nasdaq Composite, has raised questions about potential overvaluation, especially among the 'Magnificent Seven' U.S. tech giants.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 2:32 pm

CAH

Over the past 5 years, Cardinal Health (NYSE:CAH) has outperformed the market with an annualized return of 16.67%, turning a $100 investment into $215.89. The company's market capitalization stands at $24.95 billion.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 2:31 pm

C

Recent analysis of Citigroup's (NYSE:C) options trading reveals a bearish sentiment among financial giants, with 64% of trades showing bearish tendencies and a significant volume in puts and calls. The analysis predicts a price range for Citigroup between $45.0 and $62.5. Currently, Citigroup's stock is up 1.82% at $62.06, potentially nearing overbought territory with its next earnings release in 80 days.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 2:30 pm