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HOG

Harley-Davidson, Inc. (NYSE:HOG) shares dropped after reporting Q1 results, despite beating earnings and sales consensus. Adjusted EPS was $1.72, above the $1.51 consensus, with sales of $1.48 billion surpassing the $1.34 billion expectation. However, HDMC revenue fell by 5% due to reduced motorcycle shipments, contributing to a 3% decrease in consolidated revenue. The company also saw a decline in gross margin and operating income margin, attributed to pricing, sales incentives, lower volume, and increased manufacturing costs. Despite these challenges, Harley-Davidson reported a 6% retail growth in North America and expects flat to down 9% HDMC revenue for FY24, with a narrower operating loss for LiveWire. Shares fell 13.7% to $34.06.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 1:44 pm

AMZN

Amazon shares are trading lower due to a broader decline in large-cap tech stocks, influenced by a downturn in Meta's stock.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:41 pm

META

MSFT

Microsoft shares are trading lower due to a decline in tech stocks amid overall market weakness. Meta is also contributing to the downturn of large-cap tech stocks in today's session.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:39 pm

DIA

IWM

META

QQQ

QQQM

SPY

Major stock indexes declined due to a fall in Meta's stock after its disappointing quarterly earnings report and weaker-than-expected US GDP data. This indicates a broader market reaction to both company-specific news and macroeconomic indicators.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:37 pm

XPRO

Trading of Expro Group Holdings (XPRO) shares has been temporarily halted on the downside as the market awaits pending news from the company.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:37 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is set to release its Q3 earnings after the market closes on April 25, 2024, with analysts predicting an earnings per share of $2.82, up from $2.45 the previous year, and revenue of $60.8 billion. The company recently launched the Phi-3 Mini AI model. Shares rose 0.4% to $409.06. Analysts from Stifel, BMO Capital, Morgan Stanley, UBS, and Jefferies have maintained positive ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:37 pm

AAL

BA

During a conference call, the CEO of American Airlines expressed a direct message to Boeing, urging the company to 'Get Your Act Together'. This statement reflects concerns over Boeing's performance or deliverables that directly impact American Airlines.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:36 pm

BTCUSD

CKBUSD

ETHUSD

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $64,000 mark and Ethereum trading below $3,200. The global crypto market cap declined by 4.3% to $2.36 trillion. U.S. economic data showed a decrease in jobless claims and a slowdown in GDP growth. Theta Fuel was the top gainer, while Nervos Network was the biggest loser among cryptocurrencies.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 1:35 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) is in focus ahead of its fiscal third-quarter earnings report, expected to post earnings of $2.82 per share on $60.804 billion in revenue. Last quarter, Microsoft exceeded estimates with an 18% revenue increase year-over-year, driven by AI integration across its tech stack. The company anticipates a slight decrease in Microsoft Cloud gross margin and significant capital expenditure increases. Revenue growth forecasts include 10-12% for Productivity and Business Processes, approximately 15% for Office 365, mid-to-high single digits for Office Consumer and LinkedIn, and 18-19% for Intelligent Cloud. Ahead of the earnings, MSFT shares are down 3.11% at $396.33, influenced by broader market sell-offs and caution after Meta's post-earnings drop. Analysts remain positive, with price target adjustments reflecting optimism about Microsoft's performance.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 1:27 pm

BLK

MS

Morgan Stanley (NYSE:MS) is considering expanding its Bitcoin ETF offerings by allowing its 15,000 brokers to recommend them to clients, a shift from the current policy requiring client initiation. This move, still under refinement for risk management, reflects a broader trend among financial institutions cautiously embracing crypto, amidst varying approaches from firms like Merrill Lynch, Wells Fargo, and Vanguard. BlackRock Inc. (NYSE:BLK) and others have had Bitcoin ETF applications approved by the SEC, indicating a growing institutional interest in cryptocurrency investments.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 1:23 pm