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Stock Prices

TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing a sell-off, with its stock set to open at 15-month lows due to recent price cuts across its U.S. and international electric-vehicle lineups, excluding the refreshed Model 3 and Cybertruck. The price reduction strategy, including a significant cut in its full self-driving software price, is seen as margin-eroding ahead of its Q1 earnings report. Analysts, including Future Fund's Gary Black, anticipate these moves could lead to a $2.7 billion annual revenue loss and a 60 cents per share earnings reduction, prompting a negative outlook and potential further price target adjustments by Wall Street.

Portfolio Pulse from Shanthi Rexaline

April 22, 2024 | 11:24 am

EXPR

Express Inc (OTC:EXPR) has filed for Chapter 11 bankruptcy and plans to close about 95 Express retail stores and all UpWest stores. The company received $35 million in new financing from its lenders and $49 million from the IRS related to the CARES Act. A consortium led by WHP Global has shown interest in buying a majority of Express's retail stores and operations. Mark Still has been appointed as the new CFO. Express's shares fell by 9.09% to $0.70.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 11:23 am

AMD

ATMU

BECN

DHI

HPE

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides in stocks like AMD, D.R. Horton, Beacon Roofing Supply, Hewlett Packard Enterprise, and Atmus Filtration Technologies. These picks come amidst mixed U.S. stock market performances, with the S&P 500 recording its worst weekly performance since March 2023. Analysts from firms such as Wedbush, Benchmark, and Wells Fargo have provided ratings with significant accuracy, offering insights into potential market movements.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 11:21 am

CAN

Canaan Inc. shares are experiencing an uptick following the announcement by company executives of their plans to buy back $2 million worth of the company's shares. This move is often seen as a sign of confidence by the company's leadership in its future prospects, potentially leading to increased investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:18 am

HBT

HBT Financial Inc. (HBT) reported Q1 2024 adjusted EPS of $0.57, surpassing the $0.55 estimate, but its sales of $52.314M fell short of the $56.631M forecast, marking a 3.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:12 am

APO

BX

Blackstone Inc (NYSE:BX) has made a bid to acquire Hipgnosis Songs Fund for approximately $1.5 billion, surpassing Apollo Global Management (NYSE:APO) and Concord's previous offer. Blackstone's proposal of $1.24 per share outbids Concord's $1.16 per share. Hipgnosis, known for owning rights to music by artists like Shakira and Red Hot Chili Peppers, saw its shares surge by 10%. Blackstone, already a majority owner of Hipgnosis Songs Management, the fund's investment adviser, has its offer favored by Hipgnosis. BX shares closed lower by 1.60% at $118.40.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 11:09 am

NOTE

Shares of FiscalNote (NOTE) are trading higher following the launch of its StressLens AI Agent, with a quantitative asset management firm becoming its first anchor customer.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:07 am

VZ

Verizon shares are trading higher after the company reported mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am

VZ

Verizon projects its adjusted earnings per share (EPS) for FY24 to be in the range of $4.50-$4.70, compared to the estimated $4.58. Additionally, the company anticipates its adjusted EBITDA to grow by 1-3%.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am

GRYP

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a leading bitcoin mining company with a 100% renewable energy certification and a negative carbon strategy, has announced a new share buyback program. The program, authorized by its Board of Directors, permits the repurchase of up to $5 million of its common stock. Additionally, the company has successfully completed its machine upgrade program ahead of schedule, signaling operational efficiency and a commitment to growth.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am