Anglo American Platinum Stock (OTC: ANGPY)

Anglo American Platinum Stock (OTC:ANGPY), Trade Ideas

Anglo American Platinum Ltd is the world's primary producer of Platinum Group Metals, which includes platinum, palladium, rhodium, iridium, ruthenium, and osmium. The company also produces base metals including copper, nickel, cobalt sulphate, sodium sulphate, chrome, and other precious metals. The primary uses of platinum group metals include jewellery, autocatalytic converters, fuel cells, air- and water-purification units, heart pacemakers, computer screens, hard disks, and fertilisers. The mining operations include managed mines, joint-venture mines, and associate mines across South Africa and Zimbabwe.

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Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe&#39;s most prominent companies that they could challenge board directors over their accounting of climate risks.

Investors Write To 17 European Companies In Campaign For Climate Goal-Aligned Accounts: Reuters

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Stocks That Hit 52-Week Highs On Wednesday

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Eaton Vance Tax-Advantaged Global Dividend

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Stocks That Hit 52-Week Highs On Tuesday

ANGLO AMER PLTNM SPNS/ADR by Anglo American Platinum Ltd.

Anglo American Platinum Ltd

Guidance

Bunge Sees FY24 Adj EPS Of $9.00 Vs. $9.39 Est.

Vertiv Holdings Sees Q2 Revenue Of $1.90B-$1.95B (Vs. $1.90B Cons.), Adj. EPS Of $0.53 - $0.57 (Vs. $0.55 Est.)

Earnings

Synchrony Financial Purchase Volume Increased 2%, Loan Receivables Increased 12%, Net Interest Margin Decreased 67 bps

Annual Guidance for 2024
Thermo Fisher is raising its full year revenue and adjusted EPS guidance to reflect stronger operational performance. The company is raising its revenue guidance to a new range of $42.3 to $43.3 billion versus its previous guidance of $42.1 to $43.3 billion. The company is raising its adjusted EPS guidance to a new range of $21.14 to $22.02 versus its previous guidance of $20.95 to $22.00.
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Thermo Fisher Scientific Raises FY2024 Outlook: Adj EPS $21.40-$22.02 ($20.95-22.00 Prior) vs $21.53 Est; Sales $42.3B-$43.3B ($42.1B-43.3B Prior) vs $42.83B Est

TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) reported quarterly earnings of $1.86 per share which beat the analyst consensus estimate of $1.83 by 1.64 percent. This is a 12.73 percent increase over earnings of $1.65 per share from the same period last year. The company reported quarterly sales of $3.967 billion which beat the analyst consensus estimate of $3.956 billion by 0.27 percent. This is a 4.64 percent decrease over sales of $4.160 billion the same period last year.

Earnings Beats

TE Connectivity Q2 2024 Adj EPS $1.86 Beats $1.83 Estimate, Sales $3.967B Beat $3.956B Estimate

Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) reported quarterly earnings of $1.18 per share which missed the analyst consensus estimate of $1.35 by 12.59 percent.

Earnings Misses

Synchrony Finl Q1 2024 Adj EPS $1.18 Misses $1.35 Estimate

Bunge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>) reported quarterly adjusted earnings of $3.04 per share which beat the analyst consensus estimate of $2.53 by 20.16 percent. This is a 6.75 percent decrease over earnings of $3.26 per share from the same period last year. The company reported quarterly sales of $13.42 billion which missed the analyst consensus estimate of $13.96 billion by 3.89 percent. This is a 12.47 percent decrease over sales of $15.33 billion the same period last year.

Bunge Q1 Adj $3.04 Beats $2.53 Estimate, Sales $13.42B Miss $13.96B Estimate

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining over 70 points on Wednesday.
Shares of Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue <a href="https://www.benzinga.com/news/earnings/24/04/38391465/enphase-energy-q1-earnings-revenue-eps-come-in-below-estimates-amid-softening-us-demand">guidance below estimates</a>.
Enphase Energy reported first-quarter revenue of $263.3 million, which missed the consensus estimate of $281.95 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported adjusted earnings of 35 cents per share, which missed analyst estimates of 40 cents per share.
Enphase saw second-quarter revenue in the range of $290 million to $330 million versus estimates of $350.706 million. The company anticipated second-quarter gross margin of 42% to 45%.
Enphase Energy shares dipped 7.3% to $105.18 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) fell 34.7% to $5.09 in pre-market trading after reporting fiscal year 2023 results.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) fell 11.4% to $8.42 in pre-market trading after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 9.8% to $5.16 pre-market trading. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion&#8217;s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.</li>
<li>Revvity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVTY#NYSE">RVTY</a>) fell 6.1% to $97.17 in pre-market trading.</li>
<li>Jackson Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JXN#NYSE">JXN</a>) shares declined 5.9% to $65.45 in pre-market trading after gaining around 4% on Tuesday.</li>
<li>Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) shares fell 3.6% to $255.10 in pre-market trading following downbeat quarterly earnings.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares slipped 3.3% to $86.65 in pre-market trading following downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396278/investor-sentiment-improves-further-dow-jumps-over-250-points">Investor Sentiment Improves Further, Dow Jumps Over 250 Points</a>

Pre-Market Outlook

ENPH

RVTY

Enphase Energy Reports Weak Results, Joins Lithia Motors And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Hilton Worldwide Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) reported quarterly Adj earnings of $1.53 per share which beat the analyst consensus estimate of $1.42 by 7.75 percent. The company reported quarterly sales of $2.573 billion which beat the analyst consensus estimate of $2.550 billion by 0.88 percent. This is a 12.21 percent increase over sales of $2.293 billion the same period last year.

Hilton Worldwide Holdings Q1 2024 Adj EPS $1.53 Beats $1.42 Estimate, Sales $2.573B Beat $2.550B Estimate

Vertiv Holdings Raised Outlook For FY24 Adj. EPS To $2.29 - $2.35 (From $2.20-$2.26) Vs. $2.30

In a recent interview on the <a href="https://youtu.be/FPsbDjI1K5g?si=ReIiTOWRU-MqfNnd">Sachs Realty YouTube show</a>, Steve Hankey, a former senior economist on President Reagan&#8217;s Council of Economic Advisers, shared his thoughts on the current state of the U.S. economy and the investments he recommends in light of the potential challenges ahead.
Hankey, who has taught economics at Johns Hopkins University and served as a senior adviser to the Joint Economic Committee of the U.S. Congress, believes that the Federal Reserve&#8217;s actions have played a significant role in the recent inflation surge. &#8220;The Fed currently poo-poos the quantity theory of money,&#8221; Hankey said, adding that &#8220;they don&#8217;t even look at the money supply. That&#8217;s not in the models they use.&#8221;
According to Hankey, this oversight led to the Federal Reserve &#8220;flying blind&#8221; and failing to predict the inflation spike. He and his colleague, John Greenwood, accurately predicted that inflation would reach 9%, which it did in June 2022.
Hankey also expressed concern about the growing role of the government in decision-making, particularly regarding industrial policy. He warns that if the U.S. continues on this path, the economy may slowly unravel. &#8220;If we stay on this industrial policy course, this idea that the state is going to run more and more and more things and take more and more decisions, we might slowly unravel,&#8221; Hankey cautioned.
Looking ahead, Hankey predicts that the U.S. economy may face a recession later this year due to the contraction of the money supply. &#8220;Since March of 2022, we&#8217;ve had our fifth contraction we&#8217;ve ever had in the United States, and that&#8217;s why I think we&#8217;re in for a slowdown in the economy and a recession later this year,&#8221; he explained.
Don&#8217;t miss: Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> Jeff Bezos-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.
Given the potential economic challenges, Hankey recommends three investments for consideration:
<h2 class="wp-block-heading">1. Gold as a long-term investment&nbsp;</h2>
Hankey notes that gold has always been part of the international monetary system and is attractive because it is not a liability of any sovereign nation.
The price of gold has been surging recently, up 13.1% YTD despite a pullback after hitting a new all-time high last week. This is primarily attributed to central banks, led by China, buying gold at unprecedented levels since 2022.&nbsp;
<h2 class="wp-block-heading">2. Iowa farmland as a stable long-term investment&nbsp;</h2>
As a farm boy from Iowa, Hankey points out that farmland is a limited resource that has shown a consistent upward trend in value over time. According to data from AcreTrader, Iowa farmland has appreciated at an annual rate of 8.8% over the past five years.
See also: Gold has long been considered the ultimate safe-haven asset, but a growing number of investors are now turning to farmland for better returns and greater protection against inflation. <a href="https://www.benzinga.com/money/the-new-gold-standard-why-investors-are-turning-to-farmland-for-better-returns">See how farmland is becoming easier than ever to invest in.</a>
<h2 class="wp-block-heading">3. 10-year Treasury bonds as a potential trade opportunity&nbsp;</h2>
With yields near 5%, Hankey believes that if inflation continues to decline towards the Federal Reserve&#8217;s 2% target, the price of 10-year Treasury bonds will increase, providing investors with both a steady coupon and potential capital gains.
While Hankey acknowledges that no investment is entirely risk-free, he believes these three options offer potential benefits in the current economic environment. As investors try to make sense of the current economic climate, Steve Hankey&#8217;s insights and recommendations provide valuable food for thought and his perspective as a former Reagan advisor and experienced economist offers a unique lens through which to view the challenges and opportunities that lie ahead.
Read next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." This <a href="https://www.benzinga.com/money/cityfunds-yield">high-yield real estate fund, offering an 8% yield</a>, makes earning passive income easier than ever.
Image source: Screenshot from Sachs Realty interview with Steve Hankey on YouTube.

Former Reagan Advisor Thinks U.S. Economy Is On A Dangerous Path, But Still Likes These 3 Investments

Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) reported quarterly earnings of $5.11 per share which beat the analyst consensus estimate of $4.71 by 8.49 percent. This is a 1.59 percent increase over earnings of $5.03 per share from the same period last year. The company reported quarterly sales of $10.340 billion which beat the analyst consensus estimate of $10.170 billion by 1.67 percent. This is a 3.45 percent decrease over sales of $10.710 billion the same period last year.

Thermo Fisher Scientific Q1 2024 Adj EPS $5.11 Beats $4.71 Estimate, Sales $10.340B Beat $10.170B Estimate

Vertiv Holdings Raised FY24 Guidance For Revenue To $7.54B - $7.69B (From $7.515B-$7.655B Prior) Vs $7.63B Est

Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.36 by 19.44 percent. This is a 79.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $1.64 billion which beat the analyst consensus estimate of $1.62 billion by 1.17 percent. This is a 7.75 percent increase over sales of $1.52 billion the same period last year.

Vertiv Hldgs Q1 Adj. EPS $0.43 Beats $0.36 Estimate, Sales $1.64B Beat $1.62B Estimate

Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has launched a new grocery delivery subscription benefit&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38373619/amazon-introduces-low-cost-grocery-delivery-subscription-for-prime-members-and-customers-using-ebt" rel="noreferrer noopener">available&nbsp;to Prime members and customers using EBT.</a>
The facility will be available in more than 3,500 cities and towns across the U.S. At $9.99 per month for Prime members, the subscription provides unlimited grocery delivery on orders over $35 from Amazon Fresh, Whole Foods Market along with local grocery and specialty retailers on Amazon.com.
Customers who hold a registered EBT card avail grocery subscription benefits without a Prime membership for $4.99 per month. The Subscription includes one-hour delivery windows at no extra cost, unlimited 30-minute pickup on orders of any size.
&#8220;This new grocery subscription benefit provides even more value and savings on delivery fees for customers who regularly order groceries from Amazon Fresh, Whole Foods Market, and the variety of local grocery and specialty retailers on Amazon.com,&#8221; said Tony Hoggett, senior vice president of worldwide grocery stores at Amazon.
The service aims to streamline grocery shopping, offering one-hour delivery windows where available and priority access to Recurring Reservations for weekly orders.
Following successful pilots in select cities, Amazon&#8217;s grocery subscription garnered high satisfaction rates among users. Over 85% of respondents expressed extreme or very high satisfaction with the free delivery benefit, citing savings on fees and enhanced convenience as key factors for continued subscription.
Amazon stock gained 69% in the last 12 months. Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund&nbsp;–&nbsp;Consumer Discretionary&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and&nbsp;Vanguard Consumer Discretion ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38376999/amazon-ends-drone-deliveries-in-lockeford-sets-eye-on-new-arizona-site-for-expansion" rel="noreferrer noopener">Amazon Ends Drone Deliveries in Lockeford, Sets Eye on New Arizona Site for Expansion</a>
Price Action: AMZN shares closed higher by 1.30% at $179.544 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

AMZN

Select Sector SPDR-Consumer Discretionary

Enhanced Convenience: Amazon Launches New Affordable Grocery Delivery Subscription

Needham analyst Chris Pierce reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Hold.

Reiteration

Analyst Ratings

TSLA

Needham Reiterates Hold on Tesla

Needham analyst Mayank Tandon maintains CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Buy and raises the price target from $90 to $107.

Price Target

CSGP

Needham Maintains Buy on CoStar Gr, Raises Price Target to $107

Needham analyst Quinn Bolton reiterates Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) with a Hold.

VICR

Needham Reiterates Hold on Vicor

B. Riley Securities analyst Jeff Lick upgrades Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) from Sell to Neutral and lowers the price target from $12 to $7.

B. Riley Securities Upgrades Children's Place to Neutral, Lowers Price Target to $7