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DAL

Delta Air Lines Inc (DAL) shares rose ~4% in premarket trading after reporting strong Q1 2024 results, with an 8% YoY increase in operating revenue to $13.748 billion and adjusted EPS of $0.45, surpassing consensus estimates. The company also highlighted a decrease in adjusted average fuel price by 10% YoY and a commitment to debt reduction, planning to repay at least $4 billion this year. Delta expects Q2 2024 revenue growth of 5%-7% and reiterates its 2024 outlook with an EPS of $6-$7.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 11:38 am

MCHI

Fitch Ratings has downgraded China's sovereign credit outlook to negative from stable, maintaining an 'A+' rating, due to concerns over the nation's public finances amid economic uncertainties. This follows a similar action by Moody's in December. China's government debt is expected to rise significantly, with projections showing an increase to 61.3% of GDP in 2024 from 56.1% in 2023. Despite signs of economic recovery, Fitch warns of broad fiscal deficits and escalating government debt. The iShares MSCI China ETF (MCHI) saw a slight increase of 0.90% to close at $40.50.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 11:35 am

THTX

Theratechnologies (NASDAQ:THTX) reported Q1 EPS of $(0.10), beating the $(0.12) estimate, but missed sales estimates with $16.25M against the expected $20.10M. This represents a 77.27% increase in EPS and an 18.39% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:33 am

AAPL

AMZN

MSFT

VGT

XLK

Apple Inc (NASDAQ:AAPL) is expanding its presence in Miami with a new 45,000 square feet office space in Coral Gables, focusing on Latin America and advertising. This move follows other tech giants like Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) in expanding their footprint in South Florida. Apple's stock has seen a 5% increase over the last 12 months, and its expansion could signal further growth, especially in the Latin American market. Investors can also gain exposure to Apple through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Select Sector Fund - Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 11:32 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is highlighted for its high customer retention rate, an advantage in the growing EV market. A Bloomberg Intelligence survey shows 42% of prospective car buyers are considering EVs, with Tesla leading in brand retention at 87%. Despite challenges like disappointing quarterly deliveries and rumors of scrapping low-cost car plans, Tesla's position is strong with significant interest from new customers. The EV market is expected to grow, with U.S. battery electric vehicle penetration predicted to reach 25% by 2030.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 11:30 am

AJG

Truist Securities analyst Mark Hughes downgraded Arthur J. Gallagher (AJG) from Buy to Hold and reduced the price target from $280 to $255.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:27 am

JAGX

Jaguar Health's stock is trading higher following the approval of all proposals at its April 2024 Special Meeting of Stockholders. The company also announced it will not be implementing a reverse stock split at this time.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:27 am

INAB

IN8bio's stock price increased following the announcement of promising preclinical data for its INB-300 treatment.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:26 am

DECK

Truist Securities analyst Joseph Civello downgraded Deckers Outdoor (DECK) from Buy to Hold and reduced the price target from $983 to $864.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:25 am

MRIN

Marin Software's stock price increased following the announcement of enhancements to its integration with Microsoft Advertising. This development is expected to improve the company's advertising capabilities and potentially its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:25 am