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UFPT

UFP Technologies (NASDAQ:UFPT) reported Q1 2024 earnings of $1.64 per share, surpassing the consensus estimate of $1.10 by 49.09%. Quarterly sales reached $105 million, exceeding estimates of $97.3 million by 7.91% and marking a 7.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:18 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) shares rose after reporting Q1 financial results that exceeded expectations, with revenue of $143.3 billion and EPS of 98 cents. North American sales increased by 12%, International sales by 10%, and AWS sales by 17%. Operating income was $15.3 billion, and operating cash flow grew 82% year-over-year to $99.1 billion. Analysts raised price targets following the results. Amazon expects Q2 net sales between $144 billion and $149 billion, with operating income between $10 billion and $14 billion.

Portfolio Pulse from Adam Eckert

May 01, 2024 | 1:18 pm

SPY

U.S. House Republican Taylor Greene announced plans to call for a vote to oust Speaker Johnson next week, according to Reuters. This political move could introduce volatility in the markets, as political instability often does.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:17 pm

MULN

Mullen Automotive, Inc. has expanded its dealer network by adding Pritchard EV, a move aimed at enhancing its distribution and sales capabilities in the electric vehicle (EV) market. This partnership is expected to leverage Pritchard EV's established presence and expertise in the automotive industry to boost Mullen's market penetration and customer reach.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:11 pm

INTC

Intel Corporation (NASDAQ:INTC) reported Q1 earnings with sales missing estimates and weak EPS guidance. Despite this, the article discusses how investors can earn from Intel's dividends, highlighting a 1.64% annual yield. To achieve a $500 monthly dividend income, an investment of approximately $365,640 is needed. Intel's stock price fell 2.8% to $30.47 following the earnings report.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 1:11 pm

KHC

Kraft Heinz Company (NASDAQ:KHC) reported a 1.2% year-on-year decline in first-quarter FY24 revenue to $6.411 billion, missing analyst estimates of $6.429 billion. Despite the revenue slump, gross profit rose 6.2% to $2.24 billion, and operating income increased 4.7% to $1.3 billion. The company reaffirmed its FY24 adjusted EPS outlook of $3.01-$3.07 and organic revenue growth forecast of 0%-2%. Shares fell 4.43% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 1:09 pm

SQ

Block shares are trading lower due to a report that federal prosecutors are examining the company's financial transactions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:09 pm

DAL

EW

FCX

ROKU

TTD

UAL

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting opportunities and concerns. Edwards Lifesciences (EW) is seen as a buy at its current level, following a positive earnings report. Freeport-McMoRan (FCX) is advised to wait for a pullback due to its recent sharp rise. Delta Air Lines (DAL) and United Airlines (UAL) are favored for their value despite their volatility. The Trade Desk (TTD) is praised for its performance and preferred over Google, with a buying recommendation below the $80 level. Roku (ROKU) announced a partnership with Trade Desk, enhancing its advertising capabilities.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 1:09 pm

APP

Stifel analyst David Pang maintains a Buy rating on AppLovin (NASDAQ:APP) and raises the price target from $65 to $85, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:04 pm

SQ

Federal prosecutors are investigating financial transactions at Block, the parent company of Cash App and Square. This scrutiny could impact investor confidence and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:04 pm