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KHC

Kraft Heinz Company (NASDAQ:KHC) reported a 1.2% year-on-year decline in first-quarter FY24 revenue to $6.411 billion, missing analyst estimates of $6.429 billion. Despite the revenue slump, gross profit rose 6.2% to $2.24 billion, and operating income increased 4.7% to $1.3 billion. The company reaffirmed its FY24 adjusted EPS outlook of $3.01-$3.07 and organic revenue growth forecast of 0%-2%. Shares fell 4.43% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 1:09 pm

SQ

Block shares are trading lower due to a report that federal prosecutors are examining the company's financial transactions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:09 pm

DAL

EW

FCX

ROKU

TTD

UAL

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting opportunities and concerns. Edwards Lifesciences (EW) is seen as a buy at its current level, following a positive earnings report. Freeport-McMoRan (FCX) is advised to wait for a pullback due to its recent sharp rise. Delta Air Lines (DAL) and United Airlines (UAL) are favored for their value despite their volatility. The Trade Desk (TTD) is praised for its performance and preferred over Google, with a buying recommendation below the $80 level. Roku (ROKU) announced a partnership with Trade Desk, enhancing its advertising capabilities.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 1:09 pm

APP

Stifel analyst David Pang maintains a Buy rating on AppLovin (NASDAQ:APP) and raises the price target from $65 to $85, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:04 pm

SQ

Federal prosecutors are investigating financial transactions at Block, the parent company of Cash App and Square. This scrutiny could impact investor confidence and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:04 pm

AAPL

Apple Inc (AAPL) is set to report Q2 earnings with Wall Street expecting $1.40 EPS and $84.12 billion in revenue, a decrease from last year. Despite a year-to-date decline of 11.53% due to a weak iPhone 15 cycle, analysts suggest optimism for the iPhone 16 cycle and are keen on updates about iPhone sales, services revenue, and AI advancements. Technical indicators show a bearish trend for AAPL stock, but analysts see a 20% upside, with upcoming product launches potentially serving as catalysts.

Portfolio Pulse from Surbhi Jain

May 01, 2024 | 1:03 pm

UFPI

UFP Industries (NASDAQ:UFPI) has been evaluated by 4 analysts over the last three months, showing a mix of bullish and indifferent sentiments. The average 12-month price target for UFPI is now $124.25, slightly up from $124.00. Analyst actions include both raises and lowers in ratings and price targets, reflecting changing market dynamics and company performance. Despite facing revenue challenges and a decline in market capitalization, UFPI's ROA outperforms industry averages, indicating effective asset utilization.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:01 pm

LOGI

JP Morgan analyst Samik Chatterjee downgraded Logitech International (LOGI) from Overweight to Neutral and reduced the price target from $92 to $85.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:01 pm

DAN

Recent analyst ratings for Dana Inc (NYSE:DAN) show a mix of bullish and bearish perspectives, with a shift towards a more cautious outlook over the last three months. The average 12-month price target has been adjusted to $15.8, down from $17.00, reflecting a 7.06% decline. Analysts from firms including Oppenheimer, RBC Capital, Barclays, JP Morgan, and Wells Fargo have updated their ratings and price targets, indicating varying expectations for Dana's financial performance. The company's market position is challenged by a lower market capitalization, revenue decline, and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:00 pm

OPEN

Opendoor Technologies (NYSE:OPEN) has seen a 6.3% decrease in its short percent of float since the last report, with 72.24 million shares sold short, representing 12.95% of its available trading shares. This decrease in short interest could indicate a more bullish sentiment towards OPEN among investors. The company's short interest is significantly higher than its peer group average of 6.36%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:00 pm