AerCap Holdings Stock (NYSE:AER), Trade Ideas

AerCap Holdings

AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

AerCap Holdings N.V. (NYSE: AER) reported upbeat earnings for its fourth quarter on Friday.

AerCap Analysts Increase Their Forecasts Following Upbeat Q4 Earnings

Small Cap

Pre-Market Outlook

MRNA

ROOT

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Block To Rally More Than 20%? Here Are 10 Top Analyst Forecasts For Monday

Penny Stocks

Eurozone

Commodities

Global

Intraday Update

AXTI

MNPR

MRVI

SMSI

SQNS

UPLD

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index jumping more than 100 points on Friday.

The Dow traded up 0.36% to 39,209.32 while the NASDAQ rose 0.01% to 16,042.80. The S&amp;P 500 also rose, gaining, 0.18% to 5,096.40.

Leading and Lagging Sectors

 

Crude Oil Down 2%; Maravai LifeSciences Shares Spike Higher

AerCap Holdings NV

APPLIED ENERGETICS INC by Applied Energetics, Inc.

Applied Energetics Inc

Aergo

APPLIED ENERGETIC PFD A by Applied Energetics, Inc.

AQUILA EU RNWBLES INC FD by AQUILA EUROPEAN RENEWABLES INCOME FD

AER ENERGY RES INC by AER Energy Resources, Inc.

AER Energy Resources Inc

Aerius International Inc

Aeries Technology, Inc. - Class A Ordinary Share

Aeries Technology Inc

<ul>
<li>Signed 82 lease agreements, including 6 widebody aircraft, 40 narrowbody aircraft, 26 engines and 10 helicopters.</li>
<li>Completed 21 purchases&nbsp;for 13 aircraft (including 2 Airbus A220 Family aircraft, 5 Airbus A320neo Family aircraft, 2 Airbus A330neos, 3 Boeing 737 MAX aircraft and 1 Boeing 787-9 for AerCap&#39;s owned aircraft portfolio), 6 engines and 2 helicopters.</li>
<li>Completed 49 sale transactions&nbsp;for 35 aircraft (including 13 Airbus A320 Family aircraft, 5 Airbus A320neo Family aircraft, 6 Boeing 737NGs, 2 Boeing 737 MAX aircraft, 1 Boeing 757 and 5 Embraer E190s from AerCap&#39;s owned aircraft portfolio and 3 aircraft from AerCap&#39;s managed aircraft portfolio), for 13 engines (including 10 engines from AerCap&#39;s owned engine portfolio and 3 engines from AerCap&#39;s managed engine portfolio) and 1 helicopter.</li>
<li>Repurchased approximately 4.3 million shares, at an average price of&nbsp;$77.89&nbsp;per share, for a total of approximately&nbsp;$336 million.</li>
<li>Signed financing transactions for approximately&nbsp;$1.6 billion.</li>
</ul>

General

AerCap Leased, Purchased and Sold 152 Assets in the First Quarter 2024

AerCap Holdings N.V. (&quot;AerCap&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) today announced it has delivered the first of four new Airbus A330neo aircraft to Corsair S.A. (&quot;Corsair&quot;). The remaining three aircraft are scheduled to deliver through 2024.
&quot;We are delighted to deliver the first of four A330neo aircraft to Corsair,&quot; said&nbsp;Peter Anderson, the Chief Commercial Officer of AerCap. &quot;The A330neo is one of the most desirable and in-demand aircraft in the world and will not only support Corsair&#39;s widebody fleet modernization but will bolster their sustainability commitments by reducing emissions and enhancing operational efficiency. We wish&nbsp;Pascal de Izaguirre&nbsp;and all the team at Corsair every success and look forward to working with them as these aircraft deliver.&quot;
&quot;With the delivery of this new A330neo aircraft, Corsair is entering the second and final phase of its fleet renewal plan. By the end of 2024, we will have added a further four new A330neos to our fleet, the first of which will be deployed to service destinations in the French West Indies, commencing&nbsp;March 19. Subsequently, the second aircraft is scheduled to operate between&nbsp;France&nbsp;and the&nbsp;Ivory Coast, commencing in April. By the end of this year, all Corsair routes will be operated by A330neo aircraft. Our fleet will be among the youngest fleet in the world, lowering the impact on the environment while enhancing our customers&#39; travel experience,&quot; said&nbsp;Pascal de Izaguirre, the CEO of Corsair.

AerCap Delivers First Of Four New Airbus A330neo Aircraft To Corsair

<a href="https://www.aercap.com/news-media/press-releases/detail/560/aercap-announces-component-agreement-with-oemservices" title="https://www.aercap.com/news-media/press-releases/detail/560/aercap-announces-component-agreement-with-oemservices">https://www.aercap.com/news-media/press-releases/detail/560/aercap-announces-component-agreement-with-oemservices</a>

'AerCap Announces Component Agreement With OEMServices' - AerCap

AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) reported upbeat earnings for its <a href="https://www.benzinga.com/news/earnings/24/02/37285830/aercaps-q4-eps-win-revenue-wobble-500m-share-buyback-more">fourth quarter on Friday</a>.
Total revenues and other income rose 4% to $1.899 billion, missing the consensus of $1.926 billion. Adjusted EPS of $3.11 beat the analyst consensus of $2.45, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Basic lease rents were $1.576 billion in the fourth quarter, up 6% Y/Y, impacted by $40 million of lease premium amortization. During the fourth quarter of 2023, the company recognized recoveries related to the Ukraine Conflict of $614 million. 
In February 2024, the Board of Directors approved a new share repurchase program authorizing total repurchases of up to $500 million of shares through September 30, 2024.
&ldquo;These results reflect the continued strong operating environment across our businesses and the positive momentum for leasing and sales of aircraft, engines and helicopters,&rdquo; Aengus Kelly, Chief Executive Officer of AerCap, said. &ldquo;Given the strong tailwinds that we see for demand for aircraft, engines and helicopters, we are confident about the outlook for AerCap in 2024 and beyond.&rdquo;
AerCap shares fell 0.9% to close at $77.85 on Friday.
These analysts made changes to their price targets on AerCap after the company reported quarterly results.
<ul>
<li>Barclays raised the price target on AerCap from $84 to $93. Barclays analyst Mark Devries maintained an Overweight rating.</li>
<li>Susquehanna boosted the price target on AerCap from $80 to $90. Susquehanna analyst Christopher Stathoulopoulos maintained a Positive rating.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37308254/insiders-buying-agree-realty-and-3-other-stocks"> Insiders Buying Agree Realty And 3 Other Stocks</a>

Susquehanna analyst Christopher Stathoulopoulos maintains AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) with a Positive and raises the price target from $80 to $90.

Susquehanna Maintains Positive on AerCap Holdings, Raises Price Target to $90

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>JP Morgan raised the price target for The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) from $16 to $20. JP Morgan analyst Matthew Boss upgraded the stock from Underweight to Neutral. Gap shares gaiend 1.9% to close at $19.45 on Friday. <a href="https://www.benzinga.com/quote/GPS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays boosted Toll Brothers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) price target from $95 to $115. Barclays analyst Matthew Bouley maintained an Underweight rating. Toll Brothers shares gained 1.3% to close at $111.30 on Friday. <a href="https://www.benzinga.com/quote/TOL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>EF Hutton increased the price target for Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) from $115 to $140. EF Hutton analyst Tim Moore maintained a Buy rating. Tennant shares rose 4.5% to close at $106.21 on Friday. <a href="https://www.benzinga.com/quote/TNC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) price target from $84 to $93. Barclays analyst Mark Devries maintained an Overweight rating. AerCap shares fell 0.9% to close at $77.85 on Friday. <a href="https://www.benzinga.com/quote/AER/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC increased the price target for Moderna, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>) from $75 to $86. HSBC analyst Yifeng Liu downgraded the stock from Hold to Reduce. Moderna shares fell 3% to close at $96.46 on Friday. <a href="https://www.benzinga.com/quote/MRNA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho boosted the price target for Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>) from $170 to $200. Mizuho analyst Nitin Kumar maintained a Neutral rating. Hess shares fell 0.4% to close at $149.11 on Friday. <a href="https://www.benzinga.com/quote/HES/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted National Health Investors, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nhi#NYSE">NHI</a>) price target from $55 to $63. Wells Fargo analyst Connor Siversky upgraded the stock from Equal-Weight to Overweight. National Health Investors shares rose 0.3% to close at $57.76 on Friday. <a href="https://www.benzinga.com/quote/NHI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted HashiCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcp#NASDAQ">HCP</a>) price target from $23 to $30. Morgan Stanley analyst Sanjit Singh upgraded the stock from Equal-Weight to Overweight. HashiCorp shares gained 2.4% to close at $22.12 on Friday. <a href="https://www.benzinga.com/quote/HCP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods boosted Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) price target from $10 to $22. Keefe, Bruyette &amp; Woods analyst Thomas McJoynt-Griffith upgraded the stock from Market Perform to Outperform. Root shares climbed 27.6% to close at $16.96 on Friday. <a href="https://www.benzinga.com/quote/ROOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) price target from $80 to $95. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Block shares gained 16.1% to close at $78.92 on Friday. <a href="https://www.benzinga.com/quote/SQ/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37305511/workday-dominos-and-3-stocks-to-watch-heading-into-monday"> Workday, Domino&#39;s And 3 Stocks To Watch Heading Into Monday </a>

Barclays analyst Mark Devries maintains AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) with a Overweight and raises the price target from $84 to $93.

Barclays Maintains Overweight on AerCap Holdings, Raises Price Target to $93

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index jumping more than 100 points on Friday.
<h3>The Dow traded up 0.36% to 39,209.32 while the NASDAQ rose 0.01% to 16,042.80. The S&amp;P 500 also rose, gaining, 0.18% to 5,096.40.
Leading and Lagging Sectors</h3>
&nbsp;
Utilities shares rose by 0.6% on Friday.
In trading on Friday, energy shares fell by 0.9%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) reported upbeat earnings for its fourth quarter on Friday.
Total revenues and other income rose 4% to $1.899 billion, missing the consensus of $1.926 billion. Adjusted EPS of $3.11 beat the analyst consensus of $2.45.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares shot up 71% to $3.8980 after the company reported better-than-expected fourth-quarter financial results.
Shares of Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) got a boost, surging 65% to $8.42 after the company reported better-than-expected fourth-quarter financial results.
Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) shares were also up, gaining 37% to $1.5306 after the company announced preclinical data for its MNPR-101 radiopharma program targeting advanced cancers.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) shares dropped 62% to $0.9651 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.
Shares of Smith Micro Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smsi#NASDAQ">SMSI</a>) were down 41% to $0.48 following weak quarterly sales.
Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) was down, falling 35% to $2.87 after the company reported downbeat quarterly earnings.
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37254407/jim-cramer-unity-software-had-problems-but-zscaler-is-a-good-one-to-buy"> Jim Cramer: Unity Software &#39;Had Problems,&#39; But Zscaler Is A &#39;Good One&#39; To Buy </a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 2.3% to $76.77 while gold traded up 0.9% at $2,048.00.
Silver traded up 0.7% to $22.95 on Friday while copper fell 0.6% to $3.8750.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 climbed 0.43%, London&rsquo;s FTSE 100 rose 0.28% while Spain&rsquo;s IBEX 35 Index fell 0.08% The German DAX gained 0.28% French CAC 40 rose 0.70% while Italy&rsquo;s FTSE MIB Index rose 1.07%.
German economy contracted by 0.3% during the final quarter of 2023, while the Ifo Business Climate indicator for Germany edged higher to 85.5 in February from 85.2 in January. Median consumer expectations for the eurozone inflation over the next 12 months accelerated to 3.3% in January versus 3.2% in the prior month. The GfK Consumer Confidence indicator for the UK fell to -21 in February versus -19 in January.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Friday, with Hong Kong&rsquo;s Hang Seng Index falling 0.10%, China&rsquo;s Shanghai Composite Index gaining 0.55% and India&rsquo;s S&amp;P BSE Sensex gaining 0.1%.
Chinese new home prices fell by 0.7% year-over-year for January versus a 0.4% fall a month ago.
&nbsp;
<h3>Economics</h3>
&nbsp;
Data on Baker Hughes rig count for the recent week will be released at 1 p.m. ET.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37209778/starbucks-regeneron-pharmaceuticals-and-2-other-stocks-insiders-are-selling"> Starbucks, Regeneron Pharmaceuticals And 2 Other Stocks Insiders Are Selling</a>

U.S. stocks traded higher this morning, with the Dow Jones index jumping more than 150 points on Friday.
Following the market opening Friday, the Dow traded up 0.46% to 39,249.71 while the NASDAQ rose 0.20% to 16,073.78. The S&amp;P 500 also rose, gaining, 0.41% to 5,107.74. 
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37254407/jim-cramer-unity-software-had-problems-but-zscaler-is-a-good-one-to-buy"> Jim Cramer: Unity Software &#39;Had Problems,&#39; But Zscaler Is A &#39;Good One&#39; To Buy</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Utilities shares rose by 1.1% on Friday.
In trading on Friday, energy shares fell by 1.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) reported upbeat earnings for its fourth quarter on Friday.
Total revenues and other income rose 4% to $1.899 billion, missing the consensus of $1.926 billion. Adjusted EPS of $3.11 beat the analyst consensus of $2.45.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares shot up 79% to $4.0690 after the company reported better-than-expected fourth-quarter financial results.
Shares of Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) got a boost, surging 56% to $7.97 after the company reported better-than-expected fourth-quarter financial results.
Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) shares were also up, gaining 52% to $1.70 after the company announced preclinical data for its MNPR-101 radiopharma program targeting advanced cancers.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) shares dropped 73% to $0.6995 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.
Shares of Charge Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crge#NASDAQ">CRGE</a>) were down 41% to $0.0430. Charge Enterprises announced decision of Nasdaq Hearings Panel to delist common shares.
Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) was down, falling 39% to $2.67 after the company reported downbeat quarterly earnings.
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 2.1% to $76.94 while gold traded up 0.3% at $2,036.30.
Silver traded down 0.5% to $22.68 on Friday while copper fell 1.1% to $3.8560.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 climbed 0.5%, London&rsquo;s FTSE 100 rose 0.3% while Spain&rsquo;s IBEX 35 Index fell 0.1% The German DAX gained 0.4% French CAC 40 rose 0.8% while Italy&rsquo;s FTSE MIB Index rose 1%.
German economy contracted by 0.3% during the final quarter of 2023, while the Ifo Business Climate indicator for Germany edged higher to 85.5 in February from 85.2 in January. Median consumer expectations for the eurozone inflation over the next 12 months accelerated to 3.3% in January versus 3.2% in the prior month. The GfK Consumer Confidence indicator for the UK fell to -21 in February versus -19 in January.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Friday, with Hong Kong&rsquo;s Hang Seng Index falling 0.10%, China&rsquo;s Shanghai Composite Index gaining 0.55% and India&rsquo;s S&amp;P BSE Sensex gaining 0.1%.
Chinese new home prices fell by 0.7% year-over-year for January versus a 0.4% fall a month ag.
&nbsp;
<h3>Economics</h3>
&nbsp;
Data on Baker Hughes rig count for the recent week will be released at 1 p.m. ET.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37209778/starbucks-regeneron-pharmaceuticals-and-2-other-stocks-insiders-are-selling"> Starbucks, Regeneron Pharmaceuticals And 2 Other Stocks Insiders Are Selling</a>

CRGE

Dow Surges Over 150 Points; AerCap Posts Upbeat Earnings

AerCap Holdings N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) shares are trading lower after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37282017/aercap-holdings-n-v-reports-record-3-1-billion-2023-net-income-and-announces-new-500-million-share" rel="noreferrer noopener">fourth-quarter FY23 results</a>.
Total lease revenue grew 5% Y/Y to $1.718 billion. Total revenues and other income rose 4% to $1.899 billion, missing the consensus of $1.926 billion.
Basic lease rents were $1.576 billion in the fourth quarter, up 6% Y/Y, impacted by $40 million of lease premium amortization.&nbsp;
The aviation leasing company signed&nbsp;179 lease agreements in the fourth-quarter, comprising 11 wide-body aircraft, 89 narrow-body aircraft, three regional jets, 57&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36486100/aviation-firm-aercap-inks-179-leases-repurchases-10m-shares-in-latest-q4-report" rel="noreferrer noopener">engines, and 19 helicopters</a>.
AerCap had an adjusted return on equity of 16% for the fourth quarter. Adjusted EPS of $3.11 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the analyst consensus of $2.45.</a> 
Net gain on sale of assets for the fourth quarter was $94 million, relating to 35 assets sold for $625 million, compared with $121 million a year ago.
During the fourth quarter of 2023, the company recognized recoveries related to the Ukraine Conflict of $614 million.
The adjusted debt/equity ratio was 2.47 to 1, and AerCap held $1.8 billion in cash and equivalents as of December 31, 2023.
As of December 31, 2023, AerCap&#8217;s portfolio comprised 3,452 aircraft, engines and helicopters that were owned, on order or managed.&nbsp;
Repurchase: In February 2024, the Board of Directors approved a new share repurchase program authorizing total repurchases of up to $500 million of shares through September 30, 2024.
Aengus Kelly, Chief Executive Officer of AerCap, said: &#8220;These results reflect the continued strong operating environment across our businesses and the positive momentum for leasing and sales of aircraft, engines and helicopters.&#8221;&nbsp;
&#8220;Given the strong tailwinds that we see for demand for aircraft, engines and helicopters, we are confident about the outlook for AerCap in 2024 and beyond.&#8221;
Price Action:&nbsp;AER shares are trading lower by 1.06% to $77.74 on the last check Friday.

Equities

Large Cap

Buybacks

AerCap's Q4: EPS Win, Revenue Wobble, $500M Share Buyback & More

Guidance

European Aeronautic Defence And Space Unsponsored

EADSY

AerCap CEO Says Because Airbus A321 Superiority Over Larger Boeing Product, Going To See Significant Majority Of Market Heading Towards Airbus Long Term

AerCap Approves New Share Repurchase Program Authorizing Total Repurchases Of Up To $500M Of Aercap Ordinary Shares Through September 30, 2024

AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) reported quarterly earnings of $3.11 per share which beat the analyst consensus estimate of $2.45 by 26.94 percent. This is a 16.92 percent increase over earnings of $2.66 per share from the same period last year. The company reported quarterly sales of $1.90 billion which missed the analyst consensus estimate of $1.93 billion by 1.61 percent. This is a 3.83 percent increase over sales of $1.83 billion the same period last year.

AerCap Holdings Q4 Adj. EPS $3.11 Beats $2.45 Estimate, Sales $1.90B Miss $1.93B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
&bull; Calumet Specialty Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million.
&bull; Global Blue Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million.
&bull; Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion.
&bull; Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million.
&bull; Hudbay Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $542.12 million.
&bull; RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $1.04 billion.
&bull; Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is projected to report earnings for its fourth quarter.
&bull; Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) is projected to report earnings for its fourth quarter.
&bull; Coca-Cola Europacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is expected to report quarterly earnings at $2.45 per share on revenue of $1.93 billion.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.20 billion.
&bull; Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $58.75 million.
&bull; TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $576.71 million.
&bull; Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is projected to report quarterly loss at $0.06 per share on revenue of $10.37 billion.
&bull; Federal Agricultural (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGM#NYSE">AGM</a>) is estimated to report quarterly earnings at $4.05 per share on revenue of $88.99 million.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $602.33 million.
&bull; Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) is projected to report quarterly loss at $0.16 per share on revenue of $863.06 million.
&bull; Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $360.31 million.
&bull; Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) is likely to report quarterly loss at $0.12 per share on revenue of $1.42 billion.
&bull; Lamar Advertising (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $547.66 million.
&bull; Compx Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $77.30 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BLMN

BTCM

Coca-Cola European Partners plc Ordinary Shares

CCEP

CLMT

DCBO

Fomento Economico Mexicano S.A.B. De C.V.

FYBR

LAMR

Earnings Scheduled For February 23, 2024

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &quot;Extreme Greed&quot; zone on Thursday.
U.S. stocks closed higher on Thursday, with the S&amp;P 500 jumping to fresh highs during the session. The Dow Jones index also topped the 39,000 mark for the first time ever.
NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) shares rose around 16.4% on Thursday after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. Shares of Keurig Dr Pepper Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kdp#NASDAQ">KDP</a>) fell around 3.9% on Thursday after the company released results for its fourth quarter.
On the economic data front, U.S. initial jobless claims fell by 12,000 to 201,000 in the week ending Feb. 17, compared to market estimates of 218,000. The S&amp;P Global flash manufacturing PMI climbed to 51.5 in February from 50.7 in January, while services PMI fell to 51.3 in February from 52.5.
Most sectors on the S&amp;P 500 closed on a higher note, with consumer discretionary, information technology and communication services stocks recording the biggest gains on Thursday. However, utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 457 points to 39,069.11 on Thursday. The S&amp;P 500 rose 2.11% at 5,087.03, while the Nasdaq Composite jumped 2.96% at 16,041.62 during Thursday&rsquo;s session.
Investors are awaiting earnings results from Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>), Bloomin&#39; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>), AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) and Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) today.
At a current reading of 78.5, the index remained in the &quot;Extreme Greed&quot; zone on Thursday, versus a prior reading of 75.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/02/37279543/bloomin-brands-gears-up-for-q4-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earning"> Bloomin&#39; Brands Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

NVDA

Investor Optimism Improves Further; S&P 500 Settles At Record High

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) to report a quarterly loss at 6 cents per share on revenue of $10.37 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Warner Bros. Discovery shares gained 0.7% to $9.63 in after-hours trading.
Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) reported downbeat earnings for its fourth quarter, while sales topped estimates. The company said it sees first-quarter gross profit of $2.0 billion to $2.02 billion, which would be up 24% year-over-year at the midpoint. First quarter adjusted EBITDA is expected to be in a range of $570 million to $590 million. Block shares climbed 13.2% to $76.95 in the after-hours trading session.
Analysts are expecting AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) to earn $2.45 per share on revenue of $1.93 billion for the latest quarter. The company will release earnings before the markets open. AerCap shares gained 0.6% to $79.00 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) reported upbeat earnings for its fourth quarter on Thursday. The company also initiated a quarterly cash dividend of $8.75 per share, payable on March 28 to shareholders of record as of the close of business on March 8. Booking shares fell 9.3% to $3,540.50 in the after-hours trading session.
Analysts expect Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) to report quarterly earnings at 39 cents per share on revenue of $1.61 billion before the opening bell. Hyatt shares gained 1.5% to close at $135.54 on Thursday.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37254407/jim-cramer-unity-software-had-problems-but-zscaler-is-a-good-one-to-buy"> Jim Cramer: Unity Software &#39;Had Problems,&#39; But Zscaler Is A &#39;Good One&#39; To Buy </a>

BKNG

Warner Bros. Discovery, Block And 3 Stocks To Watch Heading Into Friday

AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement.
Analysts estimate that AerCap Holdings will report an earnings per share (EPS) of $2.45. 
AerCap Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 0.0% drop in the share price the next day.
Here's a look at AerCap Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.73</td>
<td>2.12</td>
<td>1.97</td>
<td>1.98</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.81</td>
<td>2.56</td>
<td>2.34</td>
<td>2.66</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.02%</td>
<td>1.65%</td>
<td>-1.46%</td>
<td>-2.43%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708610461_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of AerCap Holdings were trading at $78.08 as of February 21. Over the last 52-week period, shares are up 30.86%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AER/earnings">To track all earnings releases for AerCap Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For AerCap Holdings

AerCap Holdings N.V. (&quot;AerCap&quot; or the &quot;Company&quot;) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) today announced it has signed lease agreements with Thai Airways International Public Company Limited (&quot;Thai Airways&quot;) for seven widebody aircraft comprising four Airbus A350-900 aircraft and three Boeing 787-9 aircraft, and ten Airbus A321NEO aircraft. The decision to procure these aircraft was made in 2023 as part of Thai Airways&#39; short-term fleet development strategy.
Of the four A350 aircraft, two have already been delivered with the remaining 2 units scheduled for delivery in the first and&nbsp;second quarter&nbsp;of 2024, respectively. The 787 deliveries are scheduled to begin in the&nbsp;second quarter&nbsp;of 2024 through the&nbsp;fourth quarter&nbsp;of 2025, while deliveries of the A321NEOs are scheduled to begin in the&nbsp;third quarter&nbsp;of 2025 through the&nbsp;second quarter&nbsp;2026.

EADSF

AerCap Announces Lease Agreements with Thai Airways for Four Airbus A350-900 Aircraft, Three Boeing 787-9 Aircraft and Ten Airbus A321NEO Aircraft

Insider Trades

Greenlight Capital Adds Position In Aercap Holdings With ~249K Share Stake

The world of aviation finance is reportedly convening for the first time since a recent in-flight cabin mishap instigated a <a href="https://www.benzinga.com/news/24/01/36808932/airline-ceos-express-frustration-with-boeings-failures-this-isnt-new">new safety crisis</a> for Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>). The focal point of the conference is the aftermath of the Boeing 737 MAX 9 crisis on the $150 billion jet industry.
What Happened: The meeting is being held in Dublin and will go on for a week starting Monday, Reuters reported. The attendees, including lessors, bankers, and airlines, will deliberate on the supply implications of the recent Boeing 737 MAX 9 grounding, following an incident with Alaska Airlines earlier this month where a door plug blew out.
Rob Morris, the head of the global consultancy at Ascend by Cirium, told Reuters that the aviation industry is struggling to keep pace with the post-pandemic travel boom. The recent near-catastrophe, leading to an emergency landing, has added a fresh layer of regulatory risk, further complicating the matter.
Why It Matters: Recently, the Federal Aviation Administration directed Boeing to <a href="https://www.benzinga.com/news/24/01/36771495/faa-halts-boeings-737-max-production-expansion-amid-quality-control-issues-wont-be-back-to-business">cease any increase in 737 MAX production </a>until quality control issues are addressed. This decision could have significant implications for industrial growth forecasts. As per the report, the unforeseen blowout and subsequent discoveries of loose bolts in the fleet could decelerate production, leading to increased returns for leasing companies, but escalating lease rates for airlines.
As events unfold in Dublin, all eyes in the industry will be on the reactions from top leasing companies such as AerCap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>), SMBC Aviation Capital, Air Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>), and Avolon, the report added. 
Photo Courtesy: Robin Guess On Shutterstock.com
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/01/36818769/cybertruck-tour-kicks-off-in-china-8-major-cities-will-reportedly-marvel-at-teslas-steel-truck-simul">Cybertruck Tour Kicks Off In China — 8 Major Cities Will Reportedly Marvel At Tesla&#8217;s Steel Truck Simultaneously</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Anan Ashraf</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Tech

Boeing 737 MAX 9 Safety Crisis Echoes Across Dublin Global Aviation Meet

AerCap Holdings N.V. (AER) leads the Rental and Leasing Services industry with an overall score of 83. AER is up 54.53% so far this year after the company closed yesterday at $86.91.  The overall score measures the company's performance based-off both short and long term indicators and means that AER scores better than 83%

Is AerCap Holdings N.V. (AER) The Right Choice in Rental & Leasing Services?

AerCap Holdings N.V. (AER) leads the Rental and Leasing Services industry with an overall score of 82. AER is up 52.35% so far this year after the company closed yesterday at $85.68.  The overall score measures the company's performance based-off both short and long term indicators and means that AER scores better than 82%

AerCap Holdings N.V. (AER) Is the Top Stock in the Rental & Leasing Services Industry?

AerCap leased, bought and sold 152 assets in Q1

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
George Soros&rsquo; hedge fund is making big bets on stocks, though not nearly as big as those he made on global currencies. His biggest investment had been Splunk, a big data analytics firm. He <a href="https://hedgefollow.com/funds/Soros+Fund+Management">owned 1.6 million shares</a> worth $240 million, representing over 4.5% of the hedge fund&rsquo;s total portfolio. However, Cisco just acquired the company last month (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>). With an average buy price of around $141 per share, Soros has made a decent profit on the $157 per share acquisition price.&nbsp;



What follows are the next three biggest George Soros stocks held in Soros Fund Management according to the latest 13F filing with the SEC.



<h2>iShares Russell 2000 ETF (IWM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/russell-2000-1600-300x169.png" alt="An investor's analyzing the russell 2000 etf fund on a screen. A phone shows the prices of Russell 2000. russell 2000 stocks"><div>Source: Maurice NORBERT / Shutterstock.com</div></div>Soros is also gambling on small-cap stocks, which is making a strong comeback. He owns 1.2 million shares of the iShares Russell 2000 ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/iwm-stock-quote/">IWM</a>), the index that charts the 2,000 smallest stocks in the Russell 3000 index.



There&rsquo;s good reason to believe Soros is on the right track. Historically speaking, small-cap stocks handily outperform mid and large-cap stocks. In their book Investing in Small Cap Stocks, authors Christopher Graja and Elizabeth Ungar found that over the 75 years studied, small-cap stocks beat mid-cap and large-cap stocks 60% of the time. Small-caps have underperformed their larger brethren, but beginning last October, that began to change, and today, the Russell 2000 is edging higher than the S&amp;P 500.



While the small-cap index does hold many tiny companies with market valuations in just the tens of millions of dollars, it also holds some large ones that stretch the definition of &ldquo;small-cap.&rdquo; The largest stock in the index is Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>), with a market cap of $55.5 billion. Microstrategy (NASDAQ:<a href="https://investorplace.com/stock-quotes/mstr-stock-quote/">MSTR</a>) is the next biggest with a $24 billion valuation. As those two stocks have been amongst the market&rsquo;s top performers over the past year, it&rsquo;s unsurprising to see the iShares Russell 2000 ETF also doing well.



<h2>AerCap Holdings (AER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AER1600-300x169.jpg" alt="image of a plane flying in the sky representing airline stocks"><div>Source: Shutterstock</div></div>With an $18 billion market valuation, AerCap Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/aer-stock-quote/">AER</a>) isn&rsquo;t quite a small-cap stock either. But it is having a solid run higher. Shares are up 18% year to date and 57% higher over the last 12 months.&nbsp;



The Irish aircraft leasing company capped a strong year with fourth-quarter revenue of $1.9 billion. However, that was <a href="https://www.aercap.com/news-media/press-releases/detail/556/aercap-holdings-n-v-reports-record-3-1-billion-2023-net">just slightly under</a> Wall Street&rsquo;s forecast for $1.92 billion. Earnings, though, easily trounced projections, coming in at $3.11 per share versus a $2.45 per share consensus view.



Soros Fund Management owns almost 2.5 million shares at an average buy-in price of just under $63 per share. That values his stake at $183.5 million, which is good for a 3.5% position in his hedge fund, with the stock trading at around $88 per share, which gives Soros a 40% gain on his holdings so far.



Wall Street&rsquo;s price target aligns with that valuation, but analysts see AerCap rising to $101 per share on the high side. The aircraft leasing company could go higher. CEO Aengus Kelly said, &ldquo;Given the strong tailwinds that we see for demand for aircraft, engines and helicopters, we are confident about the outlook for AerCap in 2024 and beyond.&rdquo;



<h2>Alphabet (GOOG)(GOOGL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/alphabet_goog_googl_1600-300x169.png" alt="Alphabet Inc. (GOOG, GOOGL) and Google logos seen displayed on a smartphone"><div>Source: IgorGolovniov / Shutterstock.com</div></div>The third stock Soros is making a large bet on is Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>)(NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), which holds a 3.2% position in Soros Fund Management. He owns 1.2 million shares worth $170.3 million. The tech giant is not one of his best performers, though. The tech giant&rsquo;s shares are down 13% from his average buy price of $97.



Alphabet has some mixed reviews from hedge fund operators. I noted two weeks ago that Jim Simons at Renaissance Technologies was buying the stock. Still, Paul Tudor Jones from Tudor Investments and the Bill &amp; Melinda Gates Foundation <a href="https://investorplace.com/2024/03/hedge-fund-moves-2-stocks-theyre-dumping-and-one-theyre-loading-up-on/">sold off</a> their respective stakes.



It&rsquo;s hard to bet against Alphabet, though. Google remains a monopoly in search of all but names only, with a 91% market share. Although Alphabet&rsquo;s advertising revenue disappointed Wall Street earlier this year, it is also an election year. Hundreds of millions of dollars will be dumped into ad campaigns. Google will grab a large portion of those ad dollars.&nbsp;



Also, Google Cloud is a fast-growing rival to Amazon&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) AWS and Microsoft&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) Azure. It has outpaced both of them for several quarters, with other irons in the fire, including Waymo self-driving vehicles. Alphabet should not be counted out by any means.



On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/george-soros-favorite-picks-3-stocks-the-billionaire-keeps-buying/">George Soros&#8217; Favorite Picks: 3 Stocks the Billionaire Keeps Buying</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

George Soros' Favorite Picks: 3 Stocks the Billionaire Keeps Buying

Barclays analyst Terry Ma maintained a Buy rating on Aercap Holdings (AER – Research Report) today and set a price target of $93.00. The company's ...

Barclays Remains a Buy on Aercap Holdings (AER)

AerCap Holdings NV (AER) has released an update. AerCap Holdings N.V., a global leader in aviation leasing, has successfully concluded its exchange...