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STZ

Constellation Brands Inc (NYSE:STZ) reported better-than-expected Q4 FY24 results with a 7.1% sales growth to $2.14 billion and a comparable EPS of $2.30, exceeding consensus estimates. The company also announced strong operating cash flow, reduced net leverage, and significant shareholder returns. FY25 forecasts include 6%-7% net sales growth and a comparable EPS of $13.50-$13.80. Following the announcement, analysts from BMO Capital, UBS, and HSBC raised their price targets on STZ.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 1:38 pm

NVO

Novo Nordisk's stock is trading higher following reports that EU regulators have dismissed any connection between its weight loss drugs and suicidal thoughts. Furthermore, BMO Capital has started covering the stock, giving it an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:37 pm

RENT

Shares of Rent The Runway were halted due to a circuit breaker triggered by a rapid increase, with the stock up 15.3%.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:36 pm

MOTS

Motus GI Holdings announced it likely won't maintain its Nasdaq listing and won't appeal the decision. The company is exploring strategic and financing alternatives.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:34 pm

BA

LUV

UAL

Southwest Airlines expects fewer Boeing jet deliveries this year, impacting its growth. Initially planning for 85 Boeing MAX jets, now only about 20 are expected due to Boeing's production cuts and regulatory issues. This reduction affects Southwest's operational targets and financial outlook, with similar challenges faced by United Airlines.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 1:31 pm

WFC

Wells Fargo's stock is trading lower after the company announced its financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:31 pm

ROKU

Roku shares are trading lower following the announcement of a data incident affecting approximately 576,000 additional accounts. Concurrently, Wells Fargo has reaffirmed its Underweight rating on Roku and reduced its price target from $51 to $45.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:29 pm

AAPL

AI

AMD

AZZ

GLD

JPM

NVDA

SLV

TSLA

TSM

The top 10 trending stocks on WallStreetBets as of April 12, 2024, include a mix of technology, banking, precious metals, and automotive companies. The list, sourced from Swaggy Stocks, features NVDA, JPM, AAPL, GLD, TSM, TSLA, AI, AZZ, SLV, and AMD.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:23 pm

BIO

OCX

Oncocyte shares surged following the announcement of a transplant assay partnership agreement with Bio-Rad Laboratories, indicating a positive market response to the collaboration.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:22 pm

AMZN

NVDA

SBUX

SMCI

TMUS

Nvidia Corp. (NVDA) has been highlighted as a standout stock, akin to collegiate basketball star Caitlin Clark, for its exceptional performance and earnings per share growth over the past decade. Despite a recent pullback, Nvidia's stock has returned about 2,070% in the last 10 years, outperforming all S&P 500 companies. Analysts predict Nvidia's dominance in the AI market could sustain its stock momentum, with an average price target suggesting nearly 10% upside. Nvidia's fiscal 2024 earnings growth was 586%, driven by strong sales of its AI chips.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 1:22 pm