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SMPL

Simply Good Foods (NASDAQ:SMPL) reported Q2 adjusted EPS of $0.40, surpassing the $0.38 estimate, marking a 25% year-over-year increase. However, their sales of $312.20M fell short of the $316.88M estimate, though still up 5.26% from last year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:02 am

AAPL

XIACF

Apple Inc. scales back its electric vehicle (EV) plans, while Chinese smartphone companies, notably Xiaomi Corp., are aggressively expanding into the EV market. Xiaomi's entry with the SU7 sedan has garnered significant investor interest, demonstrated by a 9% stock increase and nearly 90,000 orders within 24 hours. Huawei is also entering the EV space through partnerships. Apple's pivot to home robotics marks a strategic shift away from EVs, opening opportunities for companies like Xiaomi and Huawei.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 11:00 am

CHCI

DOC

FOR

As of April 4, 2024, three real estate stocks, Forestar Group Inc. (FOR), Healthpeak Properties, Inc. (DOC), and Comstock Holding Companies, Inc. (CHCI), are considered overbought with RSI values above 70, indicating potential short-term performance concerns. FOR and CHCI recently reported strong financial results, while DOC received an upgrade from B of A Securities.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 10:49 am

GLD

SPY

USO

Global markets saw varied performance with Asia and Europe posting gains while the US markets ended mixed. The S&P 500 and Nasdaq rose, despite a slowdown in the US services sector and no hints of interest rate cuts from Fed Chair Jerome Powell. Job additions in March exceeded expectations, but the ISM services PMI fell short of forecasts. Energy materials and communication services led S&P 500 sector gains, while utilities and consumer staples declined. Crude oil traded above $85, and gold reached a new high at $2,310.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 10:48 am

RPM

RPM International reported Q3 adjusted earnings of $0.52 per share, surpassing the consensus estimate of $0.46, marking a 40.54% increase from last year. Sales reached $1.52B, slightly above the $1.52B estimate, showing a 0.40% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:48 am

LNN

Lindsay Corporation (NYSE:LNN) reported Q2 earnings of $1.64 per share, surpassing the $1.55 estimate, marking a 5.81% beat and a 0.61% increase from last year. However, their Q2 sales of $151.50M fell short of the $172.06M estimate by 11.95%, representing an 8.87% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:46 am

QQQ

SPY

U.S. stocks are set for a positive open, with futures indicating gains across major indices despite Fed Chair Jerome Powell's hawkish stance on rate cuts. Analysts predict more market gains for the rest of the year, citing historical trends and current market optimism. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket gains. Analysts highlight potential for further gains, technical tailwinds, and advise buying the recent dip. Upcoming economic data and Fed speeches are anticipated.

Portfolio Pulse from Shanthi Rexaline

April 04, 2024 | 10:45 am

NVDA

Jim Cramer emphasized the underappreciated potential of AI in businesses and the stock market, specifically mentioning Nvidia's role as a pioneer. He criticized the shift of investor focus towards refinery and dollar store stocks, highlighting that AI's transformative impact is yet to be fully realized. Cramer believes AI is still in its early stages, likening it to 'batting practice' and suggesting it could replace physically demanding jobs and aid underfunded businesses. Despite debates on an AI bubble, with contrasting views from industry figures, Nvidia's stock saw a slight decline.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 10:45 am

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) anticipates lower Q1 FY24 earnings due to weak oil and gas prices. The company expects negative impacts on upstream results from gas and liquid price fluctuations, but sees potential positive impacts from variations in industry margins on energy, specialty, and chemical products earnings. Additionally, unsettled derivatives could also affect earnings. Investors can gain exposure to Exxon Mobil through SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 10:45 am

SQ

Morgan Stanley analyst James Faucette downgraded Block (NYSE:SQ) from Equal-Weight to Underweight and reduced the price target from $62 to $60.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:33 am