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ADDDF

ADDYY

NKE

Adidas AG (OTC:ADDYY) (OTC:ADDDF) raised its 2024 profit outlook after a better than expected Q1, signaling recovery from its first annual loss in over 30 years and struggles in North America. CEO Bjorn Gulden's efforts, including inventory reduction, are showing positive signs. Meanwhile, Nike Inc (NYSE:NKE) faces challenges in innovation due to remote work but is implementing a restructuring plan to save $2 billion over three years.

Portfolio Pulse from Upwallstreet

April 17, 2024 | 5:31 pm

FIX

Over the past 15 years, Comfort Systems USA (NYSE:FIX) has delivered an average annual return of 24.73%, outperforming the market by 12.21% annually. With a current market capitalization of $10.84 billion, a $100 investment in FIX 15 years ago would be worth $2,732.75 today.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:30 pm

SPOT

Over the past 5 years, Spotify Technology (NYSE:SPOT) has delivered an average annual return of 16.34%, outperforming the market by 5.01% annually. A $1000 investment in SPOT 5 years ago would now be worth $2,176.06, reflecting the stock's significant growth and the impact of compounded returns over time. Spotify's current market capitalization stands at $58.66 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:30 pm

KSPI

Kaspi.Kz shares are trading higher, potentially rebounding after a recent drop due to flooding in Kazakhstan.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:29 pm

ALK

BA

DAL

HA

UAL

Alaska Air Group, Inc. (ALK) is set to report Q1 earnings with analysts expecting a revenue of $2.19 billion and a loss of $1.05 per share. The report will also address safety concerns with Boeing (BA) planes, the impact of a merger with Hawaiian Holdings (HA), and a recent system upgrade issue. Alaska Air previously anticipated a $150 million negative impact from grounding Boeing planes. The merger is under antitrust review, with a lawsuit filed alleging it could harm competition. Delta Air Lines (DAL) and United Airlines Holdings (UAL) reported better-than-expected results, potentially influencing ALK's performance.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:29 pm

AMZN

GOOG

GOOGL

META

RUM

SNAP

A bill that could lead to the divestment or ban of TikTok is rapidly advancing through Congress, causing concern among traders and potentially impacting related tech companies.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:28 pm

ZUO

Zuora shares resumed trading after a temporary halt due to a circuit breaker trigger. The halt was implemented to manage volatility in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:24 pm

BTCUSD

Anthony Pompliano of Pomp Investments predicts Bitcoin will reach $100,000 within 12 to 18 months, citing its resilience and growing adoption, including Bitcoin ETFs. Despite recent market fluctuations and geopolitical tensions, Pompliano sees a limited downside risk, with Bitcoin's price firmly capped at $50,000. Contrarily, Peter Schiff warns of a potential Bitcoin crash due to Wall Street's expected selling.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 5:22 pm

DJT

Trump Media & Technology Group's (NASDAQ:DJT) stock has significantly dropped, reducing Donald Trump's net worth below $4 billion. After going public in late March with a high opening share price, DJT's value has since fallen, with Trump's stake now valued at $1.88 billion. This decline has impacted Trump's ranking among the world's richest, removing him from the Bloomberg Billionaires Index. The company's future share volatility may be influenced by Trump's potential share sales after a six-month lockup period and ongoing legal challenges.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:18 pm