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TPH

Tri Pointe Homes (NYSE:TPH) reported Q1 2024 earnings of $1.03 per share, surpassing the $0.76 estimate, with total revenue of $926.208M exceeding the $875.187M forecast. This represents a 20.16% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:01 am

AAPL

Frank Casanova, the lead marketer for Apple Inc.'s Vision Pro headset, has retired after 36 years with the company, amid a significant drop in demand for the headset. The Vision Pro, launched in early February with a base price of $3,499, has seen its shipment forecasts revised down from 700,000-800,000 units to 400,000-450,000 units for this year due to falling demand. This comes as Apple faces challenges in the Chinese market, not only with the Vision Pro but also with a 33% drop in iPhone sales in February compared to the previous year.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 9:58 am

DB

Deutsche Bank (NYSE:DB) reported Q1 2024 earnings of €0.69 per share, surpassing the consensus estimate of €0.62, marking a 13.11% increase from the previous year. Sales reached €7.779B, exceeding estimates of €7.711B, a 1.29% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:47 am

FR

Wedbush analyst Richard Anderson downgrades First Industrial Realty (FR) from Outperform to Neutral and lowers the price target from $59 to $49.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:41 am

DJD

PEY

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) is expanding its specialty pharmacy services to include gene and cell therapy solutions, aiming to enhance patient outcomes and value for stakeholders. The expansion includes the introduction of Walgreens Specialty Pharmacy, which will operate four central specialty pharmacies and nearly 300 community-based specialty pharmacies. The initiative is supported by over 1,500 specialty-trained pharmacists and 5,000 patient advocacy support members. Walgreens stock has lost over 48% in the last 12 months but is trading higher by 0.79% in premarket. Investors can also gain exposure to Walgreens stock through Invesco High Yield Equity Dividend Achievers ETF (NASDAQ:PEY) and Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD).

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 9:40 am

UPS

HSBC analyst Parash Jain upgrades United Parcel Service (UPS) from Hold to Buy and increases the price target from $150 to $170.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:40 am

PRTC

PureTech Health (NASDAQ:PRTC) reported FY 2023 GAAP EPS of $(0.24), surpassing the $(0.93) estimate, with sales of $3.330M, a 78.68% decrease from $15.618M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:38 am

ALLE

Allegion reported Q1 2024 adjusted EPS of $1.55, surpassing the $1.45 estimate, with sales of $893.9M also beating the $884.249M forecast. However, this represents a 3.15% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 9:32 am

AAPL

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (META), criticized Apple Inc.'s (AAPL) Vision Pro, suggesting a preference for augmented reality (AR) glasses with more functionality, like Meta's Ray-Ban smart glasses. He highlighted the potential of AR glasses without full holographic displays, emphasizing the growing platform of Meta's smart glasses. Despite the competition from Apple's Vision Pro, Zuckerberg has consistently promoted Meta's Quest VR headset as superior. Apple's Vision Pro has reportedly faced demand challenges, leading to a significant cut in shipment forecasts.

Portfolio Pulse from Rounak Jain

April 25, 2024 | 9:31 am

AAUKF

AVDE

BHP

PTIN

BHP Group Ltd (NYSE:BHP) has proposed to acquire Anglo American Plc (OTC:AAUKF) (OTC:NGLOY) in a significant industry move. The deal, valued at $34 billion, is contingent on Anglo divesting its South African units. This merger could create the world's leading copper producer. BHP's stock gained over 3% in the last 12 months, with exposure through PTIN and AVDE ETFs. However, BHP shares dropped 3.12% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 9:30 am