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AAPL

AMGN

STEM

Apple Inc. shares surged 6% in pre-market trading after announcing better-than-expected Q2 results, a $110-billion stock buyback program, and a dividend increase. Other stocks also moved significantly in pre-market trading, with notable gainers including Vaxxinity, El Pollo Loco, AXT, Inc., and Amgen Inc., each reporting positive financial results or corporate actions. Conversely, companies like NanoVibronix, Sprout Social, and Stem, Inc. saw declines due to disappointing financial results or corporate developments.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 9:57 am

UNP

Stifel analyst Benjamin Nolan upgrades Union Pacific (NYSE:UNP) from Hold to Buy and increases the price target from $248 to $267, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:47 am

AAPL

Apple, Inc. (NASDAQ:AAPL) announced a record-breaking $110 billion stock buyback program and a 4.2% dividend increase, making it the largest buyback in U.S. history and surpassing the market caps of major companies like Boeing and Starbucks. This move reflects a broader trend among companies to boost shareholder returns amid stagnant revenue growth. Apple's buyback, part of a surge in U.S. stock repurchases, highlights the tech sector's dominant role in buyback activity. Despite criticism for focusing on stock performance over product innovation, Apple's stock rose 5.77% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 9:43 am

TILE

Interface has increased its FY24 net sales forecast to $1.29B-$1.31B, up from the previous range of $1.26B-$1.28B, surpassing the consensus estimate of $1.27B.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:42 am

CYRX

B. Riley Securities analyst Yuan Zhi downgraded CryoPort (NASDAQ:CYRX) from Buy to Neutral and reduced the price target from $22 to $19.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:41 am

DJT

Herb Greenberg, co-founder of Wall Street Beats, criticized Trump Media & Technology Group Corp.'s (NASDAQ:DJT) request for a legislative probe into the short-selling of its shares as a 'diversion tactic.' He compared it to Overstock.com's past issues with short sellers and warned that such actions could lead to rapid declines in stock prices if reality sets in. This criticism comes amid an insider trading trial related to Trump Media and after the company awarded Donald Trump 36 million additional shares, significantly increasing his stake.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 9:41 am

TILE

Interface expects its Q2 net sales to be between $335M and $345M, surpassing the estimated $330.6M.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:41 am

XPEL

B. Riley Securities analyst Jeff Van Sinderen downgraded XPEL (NASDAQ:XPEL) from Buy to Neutral and reduced the price target from $74 to $37, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:40 am

OLLI

Truist Securities analyst Scot Ciccarelli upgraded Ollie's Bargain Outlet (NASDAQ:OLLI) from Hold to Buy and increased the price target from $80 to $86.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:38 am

TILE

Interface (NASDAQ:TILE) reported Q1 2024 adjusted EPS of $0.24, doubling the $0.12 estimate, with sales of $289.743M surpassing the $285.018M forecast. This represents a slight 2.05% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 9:32 am