WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (NASDAQ: AGZD)

WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (NASDAQ:AGZD), Trade Ideas

WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund

Canaccord Genuity analyst William Plovanic maintains DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) with a Buy and raises the price target from $144 to $145.

News

Price Target

Analyst Ratings

DXCM

Canaccord Genuity Maintains Buy on DexCom, Raises Price Target to $145

WIIM

Toyota shares are trading higher after the company announced a new $1.4 billion investment in its Princeton facility.

U.S. Secretary of Energy Jennifer Granholm, U.S. Senators Martin Heinrich and Ben Ray Luján, Albuquerque Mayor Tim Keller, and Bernalillo County Commission Chair Barbara Baca joined today with Array Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) to announce the groundbreaking of a new $50+ million manufacturing campus in Bernalillo County, New Mexico. The facility marks a significant investment in the region's clean energy future and underscores Array's commitment to fostering job growth and bolstering the domestic supply chain.   &nbsp;
"Array's new manufacturing facility will create good-paying jobs in New Mexico, strengthen the domestic solar supply chain, and ultimately help us achieve greater American energy independence," said Kevin G. Hostetler, chief executive officer of Array Technologies. "This is a perfect example of government entities working together at all levels to promote pro-growth policies that create American jobs and support local businesses. With federal action like the Inflation Reduction Act and the support of state and local officials, Array is proud to be at the forefront of the solar energy boom."  &nbsp;
Array, one of New Mexico's few publicly traded companies, is a global leader in utility-scale solar tracking technology that maximize the efficiency of solar panels by moving them to optimize the sun's angle. Founded in Albuquerque over 30 years ago, Array is the original American solar manufacturing success story. Array has led the way on sustainability through its use of a traceable American supply chain and low-carbon American steel. The decision to expand operations in Albuquerque comes as part of Array's long-standing relationship with the community. 
"New Mexico Democrats have delivered an American manufacturing renaissance thanks to historic legislation like the Inflation Reduction Act. Array Technologies' newest manufacturing facility is the latest proof of that — creating new careers New Mexicans can build their families around, producing new technologies that will lower costs for working families, and further solidifying our state at the center of the nation's clean energy future," said U.S. Senator Martin Heinrich (D-N.M.).
The Inflation Reduction Act's production tax credit made this investment possible, which will bring new manufacturing careers to the community and boost American energy independence. The new 216,000-square-foot campus, located on Albuquerque's west side, will employ over 300 residents in the near term to facilitate the production, assembly, design, engineering, and customer service of solar tracking technology. &nbsp;
 "Manufacturing in New Mexico and across the U.S. is on the rise thanks to the Biden-Harris administration and the Inflation Reduction Act that I was proud to support in Congress. I'm glad to have Secretary Granholm back in New Mexico to break ground on Array's new manufacturing facility which will drive innovation and create new opportunities for folks here at home," said U.S. Senator Ben Ray Luján (D-N.M.). "Through the Inflation Reduction Act and state and local investments, this new facility will grow the economy and keep New Mexico at the forefront of clean energy." 
In addition to the Inflation Reduction Act's tax credits, Array's expansion is also made possible in part by $2.5 million in economic assistance from the Local Economic Development Act (LEDA) job-creation fund, awarded by the state. Additional support from the City of Albuquerque and Bernalillo County includes $250,000 each of LEDA funds and partial property-tax abatement through an Industrial Revenue Bond. Between capital investments and job creation, the expansion project is expected to have an economic impact of more than $300 million over 10 years. 
"Albuquerque is a hub for the green economy, and we will keep pushing to create a more sustainable future for our families," said Mayor Tim Keller. "This expansion delivers direct, positive economic impact to our community, bringing jobs and opportunities to our residents as we create a brighter future, together."
"When we as a commission look at supporting businesses with tax exemptions or LEDA funds, we must consider job growth, job retention and the impact it will have on our community. What Array Technologies is doing here is a good example of that and we are proud to work collaboratively with the city and the state to support their mission," said Bernalillo County Commission Chair Barbara Baca. 
"This announcement from Array is an example of how smart federal policies can directly benefit states and localities with jobs and economic growth," said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). "Investments in domestic solar manufacturing like this one are critical for strengthening our nation's energy security and ensuring our energy future puts people and communities first." 
At a groundbreaking ceremony at the current Array Albuquerque manufacturing facility on Friday, April 26, 2024, officials toured the facility and highlighted how the expansion marks a significant milestone in Array's mission to drive forward the renewable energy industry and contribute to a sustainable future for generations to come. Photos, b-roll, and more information are available <a href="https://www.globenewswire.com/Tracker?data=sdU_RzWVy3AoRr64l5C850xIwElqBFej3LQE_68Mkmir-VAPLrtTZLsKRUn2a9Ompwyj5x27F1j8XOCz5Q2ULYRZdDFjyGQPZTFphThgp-3QqlKu7_JVAMWcXh7xOV3y">here</a>.
For more information about Array Technologies, visit <a href="https://www.globenewswire.com/Tracker?data=sWQh-Fpc9VEkiXSNagMdD9gcYbodO2rX5e9WYkFIWr0i4WMymGvHzi2BjdKrBVwTE9AEzMjql5ug909QTqzsg4Im5Iq-FbkrZAzkoJ2km9g=">www.arraytechinc.com</a>. &nbsp;

Events

ARRY

Array Hosts U.S. Energy Secretary Granholm, New Mexico Senators To Break Ground On New Solar Manufacturing Facility

Canaccord Genuity analyst Whitney Ijem maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Hold and lowers the price target from $91 to $89.

BMRN

Canaccord Genuity Maintains Hold on Biomarin Pharmaceutical, Lowers Price Target to $89

ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) reported better-than-expected <a href="https://www.benzinga.com/quote/RMD/earnings">third-quarter financial results</a> on Thursday.
ResMed posted adjusted earnings of $2.13 per share, beating market expectations of $1.91 per share. The company's quarterly sales came in at $1.200 billion versus estimates of $1.167 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Gross margin rose 260 bps to 57.9%, while non-GAAP gross margin increased 240 bps to 58.5%.
&#8220;ResMed&#8217;s strong third-quarter fiscal year 2024 results reflect robust patient and customer demand for our products and software solutions, leading to double-digit mask and accessories revenue growth along with ongoing operational efficiencies to drive margin improvement and increased profitability, resulting in double-digit growth in both operating profit and earnings per share,&#8221; said Mick Farrell, ResMed&#8217;s Chairman &amp; CEO. &#8220;Over 2 billion people worldwide can benefit from a ResMed solution to help them sleep better, breathe better, and receive best-in-class healthcare right where they live. We remain laser-focused on bringing market-leading innovation to customers, including our latest AirCurve11 range of non-invasive ventilators and our recently launched AirFit F40 mask system, combined with our entire portfolio of products, software, and solutions, allowing us to continue to deliver value for all our stakeholders.&#8221;
ResMed shares fell 0.2% to close at $183.42 on Thursday.
These analysts made changes to their price targets on ResMed following earnings announcement.
<ul>
<li>Needham increased the price target on ResMed from $224 to $236. Needham analyst Mike Matson maintained a Buy rating.</li>
<li>Keybanc boosted the price target on ResMed from $227 to $238. Keybanc analyst Brett Fishbin maintained an Overweight rating.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>

Earnings

Trading Ideas

ResMed Analysts Boost Their Forecasts After Better-Than-Expected Earnings

CleanCore Solutions, Inc. (NYSE:<a href="https://www.benzinga.com/stock/ZONE#NYSE">ZONE</a>) ("CleanCore" or the "Company"), developer of the patented aqueous ozone technology that works as an all-purpose cleaner, announced the pricing of its initial public offering (the "Offering") of 1,250,000 shares of common stock at a price to the public of $4.00 per share for gross Offering proceeds of $5,000,000. The shares are expected to begin trading on the NYSE American stock exchange on Friday, April 26, 2024, under the ticker symbol "ZONE".
The Offering is expected to close on&nbsp;Tuesday, April 30, 2024, subject to the satisfaction of customary closing conditions. Net proceeds to the Company, after deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately&nbsp;$3,760,000. The Company intends to use the net proceeds from this Offering for the repayment of certain debt, research and development and for intellectual property, and for working capital and general corporate purposes.
In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares, at the Offering price, less underwriting discounts and commissions.
Boustead Securities,&nbsp;LLC is acting as the sole book-running manager for the Offering.

IPOs

ZONE

CleanCore Solutions, Inc. Announces Pricing Of $5M Initial Public Offering Of 1.25M Shares Of Common Stock A Price Of $4/Share

ICLK

iClick Interactive Asia shares are trading lower after the company announced the termination of its merger agreement.

Bernstein analyst Stacy Rasgon maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Market Perform and lowers the price target from $42 to $35.

INTC

Bernstein Maintains Market Perform on Intel, Lowers Price Target to $35

Canaccord Genuity analyst Richard Close maintains Accolade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) with a Buy and lowers the price target from $18 to $16.

ACCD

Canaccord Genuity Maintains Buy on Accolade, Lowers Price Target to $16

Offerings

HRTG

Heritage Insurance Files Mixed Securities Shelf Offering For Up To $100M

Morgan Stanley analyst Joseph Moore maintains Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Overweight and raises the price target from $83 to $86.

Morgan Stanley Maintains Overweight on Western Digital, Raises Price Target to $86

Financial Targets:
Atlassian is providing its financial targets as follows:
Fourth Quarter Fiscal Year 2024:
<ul>
<li>Total revenue is expected to be in the range of $1,120 million to $1,135 million.</li>
<li>Cloud revenue growth year-over-year is expected to be approximately 32%.</li>
<li>Data Center revenue growth year-over-year is expected to be in the range of 40% to 42%.</li>
<li>Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a non-GAAP basis.</li>
<li>Operating margin is expected to be approximately (7.0%) on a GAAP basis and approximately 18.5% on a non-GAAP basis.</li>
</ul>
For additional commentary regarding financial targets, please see Atlassian's third quarter fiscal year 2024 shareholder letter dated April 25, 2024.
With respect to Atlassian's expectations under "Financial Targets" above, a reconciliation of GAAP to non-GAAP gross margin and operating margin has been provided in the financial statement tables included in this press release.

Guidance

TEAM

On Thursday April 25, 2024, Atlassian Reported Q4 Revenue Guidance Of $1.12B-$1.135B Vs $1.11B Est.; Expected Cloud Revenue Growth YoY Is ~32%; Expected Data Center Revenue Growth YoY In The Range Of 40%-42%

Morgan Stanley analyst Joseph Moore maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Equal-Weight and lowers the price target from $48 to $36.

Morgan Stanley Maintains Equal-Weight on Intel, Lowers Price Target to $36

Colgate-Palmolive Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) shares are trading slightly higher after the consumer giant reported first-quarter FY24 sales growth of 6.2% year-on-year to $5.065 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38455591/colgate-announces-1st-quarter-2024-results" rel="noreferrer noopener">beating the analyst consensus estimate of $4.956 billion</a>.
Organic sales increased by 9.8%. Total Oral, Personal, and Home Care net sales increased&nbsp;by&nbsp;6.8% to $3.96 billion.
Non-GAAP EPS of $0.86&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus estimate of $0.81.</a>
Gross profit was $3.03 billion, while the margin expanded 310 basis points to 60%. Selling, general and administrative expenses rose 9% to $1.9 billion.
Operating margin expanded 160 basis points to 20.7%, and operating income for the quarter increased 15.2% to $1.04 billion.
The company held $1.07 billion in cash and equivalents as of March-end. Operating cash flow totaled $681 million.
&#8220;The strong gross and operating margin expansion in the quarter funded a 16% increase in advertising&nbsp;and&nbsp;we expect strong levels of brand investment over the balance of 2024,&#8221; said Chairman, President, and CEO Noel Wallace.
Outlook: Colgate raised FY24 net sales growth guidance to 2%-5% (prior view 1%-4%). The company also raised its organic sales growth <a href="https://www.benzinga.com/calendars/guidance">outlook to 5%-7% (prior view 3%-5%).</a>
On a non-GAAP basis, the company still expects gross profit margin expansion, increased advertising investment,&nbsp;and mid to high-single-digit earnings-per-share growth.
Price Action: CL shares are trading higher by 0.85% at $90.05 in premarket at the last check Friday.
Photo by Nik on Unsplash

Equities

Movers

General

Colgate-Palmolive Eyes Strong Levels of Brand Investment Following Q1 Performance, Raises Annual Revenue Growth Outlook

Morgan Stanley analyst Brian Nowak maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Overweight and raises the price target from $165 to $195.

GOOG

GOOGL

Morgan Stanley Maintains Overweight on Alphabet, Raises Price Target to $195

JMP Securities analyst Andrew Boone maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Market Outperform and raises the price target from $160 to $200.

JMP Securities Maintains Market Outperform on Alphabet, Raises Price Target to $200

Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) and Skydance Media are advancing towards a merger, with discussions to purchase out controlling shareholder Shari Redstone underway, CNBC&nbsp;<a target="_blank" href="https://www.cnbc.com/2024/04/25/paramount-skydance-inch-closer-to-a-merger-agreement.html" rel="noreferrer noopener">cites</a>&nbsp;sources.
Paramount Global&#8217;s special committee and David Ellison&#8217;s Skydance Media, supported by private equity firms KKR and RedBird Capital Partners, are honing the valuation of Skydance&#8217;s assets for the merger and determining the equity to&nbsp;be added&nbsp;for recapitalization.
The parties are nearing an agreement on valuing Skydance at about $5 billion to merge with Paramount Global, CNBC writes.&nbsp;
Ellison and the supporting private equity firms intend to raise approximately $4.5 billion to $5 billion in new equity. Around $2 billion would go towards paying Redstone, with a significant amount also allocated for debt reduction.
The buyers are aiming to finalize the deal in May. However, delays in data provision by Paramount Global during due diligence have slightly postponed the timeline, according to three sources, CNBC notes.
The exclusivity period for merger discussions ends on May 3, but the Skydance consortium seeks a two-week extension.
Ellison is slated to become the CEO of the merged entity, Paramount Global, and former NBCUniversal CEO Jeff Shell will likely be appointed president. Current Paramount CEO Bob Bakish would leave the company.
The deal had&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38219573/paramount-shareholders-express-concerns-over-potential-skydance-media-merger-any-merger-talks-th" rel="noreferrer noopener">sparked investor concerns</a>&nbsp;about the deal&#8217;s fairness and the exploration of alternative options. Not all shareholders&nbsp;are in favor of&nbsp;the potential $4 billion to $5 billion stock deal. Four Paramount directors departed amid Skydance merger discussions.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38335444/why-paramount-global-shares-are-gaining-today" rel="noreferrer noopener">In a separate development</a>, private equity firm&nbsp;Apollo Global Management, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and&nbsp;Sony Group Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) have engaged in preliminary talks about a potential deal to buy out all Paramount Global shareholders at a premium.&nbsp;
Apollo had previously offered a $26 billion bid for the company and a $11 billion proposal for Paramount&#8217;s film studio.&nbsp;
PARA stock lost 44% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>) and&nbsp;Invesco Leisure And Entertainment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>).
Price Action: PARA shares were down 1.72% to $11.87 at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by viewimage via Shutterstock

Media

PARA

PowerShares ETF Leisure & Entertainment Port

RSPC

Sony Group Corporation American Depositary Shares

SONY

Paramount-Skydance Merger Talks Heat Up

ENPH

Enphase Energy shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight.

Keybanc analyst Brett Fishbin maintains ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) with a Overweight and raises the price target from $227 to $238.

Keybanc Maintains Overweight on ResMed, Raises Price Target to $238

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Kennametal Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.37%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on April 2. This analyst has an accuracy rate of 77%.</li>
<li>JP Morgan analyst Tami Zakaria maintained an Underweight rating and lowered the price target from $26 to $24 on Feb. 8. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: Kennametal said it will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8.</li>
</ul>
<h3 class="wp-block-heading">C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>)</h3>
<ul>
<li>Dividend Yield: 3.47%</li>
<li>B of A Securities analyst Ken Hoexter maintained an Underperform rating and cut the price target from $70 to $68 on April 15, 2024. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Brian Ossenbeck maintained an Underweight rating and slashed the price target from $75 to $70 on April 9. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: C.H. Robinson Worldwide said it will issue its first quarter results after the closing bell on Wednesday, May 1.</li>
</ul>
<h3 class="wp-block-heading">MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 3.56%</li>
<li>Stephens &amp; Co. analyst Tommy Moll reiterated an Overweight rating with a price target of $110 on April 1. This analyst has an accuracy rate of 75%.</li>
<li>Keybanc analyst Ken Newman maintained an Overweight rating and cut the price target from $105 to $102 on Jan. 10. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On March 28, MSC Industrial Direct posted better-than-expected quarterly earnings.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>