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HON

Honeywell International Inc. (NASDAQ:HON) is anticipated to report higher Q1 earnings on April 25, 2024, with expected earnings of $2.17 per share and revenue of $9.03 billion, up from the previous year. The company also plans to acquire Civitanavi Systems S.p.A. Analyst ratings have varied, with Deutsche Bank downgrading the stock to Hold and Barclays maintaining an Overweight rating.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 7:15 am

AAPL

META

Mark Zuckerberg announced Meta's shift towards developing AI 'agents' over chatbots, emphasizing their ability to handle complex tasks. Gene Munster predicts Apple will pursue a similar AI strategy. Despite Meta's Q1 2024 revenue increase, its stock fell 17% post-announcement due to higher AI development costs. Meta's shares dropped 15.1% after hours.

Portfolio Pulse from kaustubh@benzinga.com

April 25, 2024 | 6:58 am

ASX

ASE Tech Holding Co (NYSE:ASX) reported Q1 2024 earnings of $0.08 per share, missing the $0.10 estimate, and sales of $4.243B, below the $4.410B estimate. This represents an earnings decrease of 4.65% and a sales decrease of 100% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:53 am

BYDDF

BYDDY

BYD, backed by Warren Buffett's Berkshire Hathaway, is entering the luxury EV market with the Denza Z9GT sedan, challenging luxury automakers like Mercedes-Benz. This move comes as BYD aims to compete with global leaders and increase profitability amidst a price war in the EV sector. The company has also unveiled a high-end electric supercar and its first electric pickup truck, marking significant steps in its strategy to redefine luxury in the EV space and move beyond its low-cost image.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:44 am

AAPL

SPOT

Spotify Technology SA's attempt to update its iOS app in the EU was blocked by Apple Inc. due to non-compliance with App Store rules, specifically the new regulations under the Digital Markets Act. Apple requires apps to accept the terms of the Music Streaming Services Entitlement for EEA storefronts, which Spotify's update failed to do. This comes after Spotify reported a 20% year-over-year increase in revenue for the first quarter of 2024, with significant margin improvements.

Portfolio Pulse from Ananya Gairola

April 25, 2024 | 6:43 am

AMZN

Jeff Bezos, founder of Amazon and Blue Origin, shared his unconventional approach to productivity on the Lex Fridman Podcast, emphasizing the importance of allowing his mind to wander during meetings to foster creativity and problem-solving. He believes in 'messy meetings' without strict schedules to enhance productivity, creativity, and happiness. This approach aligns with his innovative thinking and risk-taking, demonstrated by his financial success and strategic investments in 2023, including a significant increase in net worth and strategic stock sales.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:40 am

AAPL

Jim Cramer, host of CNBC's 'Mad Money,' has highlighted the potential of Apple Inc.'s Vision Pro to revolutionize the industrial sector, particularly through its application in digital twin technology. Despite a reduced sales forecast for the Vision Pro, Cramer believes its $3,500 price tag is undervalued given its potential to significantly reduce waste and improve efficiency in factory construction and other industrial applications. Cramer remains bullish on the product's success, citing Apple's ability to sell 400,000 units as a strong indicator.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:38 am

VFS

Vietnamese billionaire Pham Nhat Vuong plans to invest an additional $1 billion into VinFast Auto Ltd (VFS), a Nasdaq-listed electric vehicle manufacturer he controls. Despite VinFast's stock price dropping from $10 to $2.5 since its listing in August and the company facing significant sales challenges and financial losses, Vuong remains optimistic about the EV market's future. VinFast has accumulated losses of $5.7 billion over the past three years, contributing to a 38% drop in Vingroup's share price since the U.S. listing. Vuong's investment reflects his confidence in VinFast's long-term prospects.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 6:37 am

SEOAY

Stora Enso (OTC:SEOAY) reported Q1 2024 earnings of $0.10 per share, surpassing the $0.06 estimate, a 60.8% decrease from last year's $0.25. Sales reached $2.350B, beating the $2.244B estimate but down 19.52% from the previous year's $2.920B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 6:25 am

SNY

Sanofi (NASDAQ:SNY) reported Q1 2024 adjusted EPS of $0.97, surpassing the $0.94 estimate, and sales of $11.364B, exceeding the $11.044B estimate. This represents a 16.72% decrease in EPS and a 3.58% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:37 am