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PETS

PetMed Express reported Q3 2024 earnings with a loss of $(0.10) per share, missing the $(0.01) estimate by 900%. However, their sales of $65.317M exceeded the $65.000M estimate, marking a 10.95% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:26 pm

Morgan Stanley (NYSE:MS) is anticipated to release its Q1 earnings on April 16, 2024, with expected earnings of $1.66 per share and revenue of $14.41 billion. JMP Securities analyst Devin Ryan has reiterated a Market Perform rating. The article also explores how to generate a monthly income of $500 from Morgan Stanley's dividends, requiring ownership of approximately 1,765 shares, based on the current dividend yield of 3.94%.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:22 pm

LOGI

Logitech's stock trades lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a price target reduction from $85 to $75.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:22 pm

PETS

PetMed Express reported a Q3 2024 GAAP EPS loss of $(0.10) with sales of $65.317M, surpassing the $65.000M estimate. This represents a 10.95% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:21 pm

COGT

MOH

MRNS

NMRA

PSNY

RARE

RDZN

TRMD

Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) shares plummeted 74.2% in pre-market trading after updating on the Phase 3 RAISE Trial and reporting preliminary Q1 2024 financial results with ZTALMY net revenue of $7.4 to $7.6 million. Other stocks also moved lower in pre-market trading: Neumora Therapeutics, Inc. (NASDAQ:NMRA) dropped 17.1% due to an FDA clinical hold, Roadzen, Inc. (NASDAQ:RDZN) fell 14%, Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) declined 11.4% after interim Phase 1/2 data, Cogent Biosciences, Inc. (NASDAQ:COGT) decreased 7.7%, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) dropped 7.2%, Molina Healthcare, Inc. (NYSE:MOH) fell 7.1%, and TORM plc (NASDAQ:TRMD) slipped 3.1%.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:19 pm

SOLUSD

Cryptocurrency exchange OKX has listed two Solana-based meme coins, Dogwifhat (WIF) and Cat in a Dog’s World (MEW), as they gain popularity. WIF, with a market cap of nearly $5 billion, ranks as the third-largest meme coin. MEW, a newer coin, has seen an 87% increase in value recently. Both coins are now tradable against Tether on OKX.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 12:18 pm

HYMTF

TSLA

Hyundai's IONIQ 5 robotaxi, developed in collaboration with Motional, has passed a simulated driving test, showcasing its autonomous driving capabilities. The test, part of a campaign film, was conducted in Las Vegas and featured a simulation of a U.S. driver's license test. The IONIQ 5 is currently transporting passengers in select areas of Las Vegas via the Uber app, with a vehicle operator present. Meanwhile, Tesla is preparing to unveil its own self-driving robotaxi on August 8, with CEO Elon Musk emphasizing the importance of vehicle autonomy to the company's value.

Portfolio Pulse from Anan Ashraf

April 15, 2024 | 12:16 pm

CHDN

Wells Fargo analyst Daniel Politzer has upgraded Churchill Downs (NASDAQ:CHDN) from Equal-Weight to Overweight and increased the price target from $137 to $141.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:14 pm

OPTX

Syntec Optics Holdings, Inc. (NASDAQ:OPTX), a leader in mission-critical optics, announced executive changes to bolster growth. Al Kapoor is appointed Chairman and CEO to lead strategy and potential acquisitions, leveraging his extensive experience. Joe Mohr becomes Chief Manufacturing Officer, focusing on sales, business development, and manufacturing excellence. These changes aim to support organic growth and strategic initiatives for future expansion.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:13 pm

REZI

SNPO

Snap One Holdings Corp. (SNPO) shares surged in premarket trading after announcing a definitive acquisition agreement with Resideo Technologies, Inc. (REZI) for approximately $1.4 billion, including net debt. The deal, valued at a 32% premium over Snap One's closing price on April 12, 2024, and a 7.4x multiple on its adjusted EBITDA, is expected to close in the second half of 2024. Post-acquisition, Snap One will become part of Resideo's ADI Global Distribution business, anticipated to enhance Resideo's non-GAAP EPS and revenue growth. Resideo plans to finance the acquisition through debt, cash, and a $500 million investment from Clayton, Dubilier & Rice.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 12:10 pm