Founded in 2018, Acquisition Partners Group is a financing advisory firm headquartered in Birmingham, Michigan. The firm offers mergers and acquisitions advisory services for founders, owners, and investors of industrial and technology:based businesses. Additionally, the Acquisition Partners Group also helps to assemble a mergers and acquisitions advisory team for the sale of a specific business outside of the firm's areas of expertise.

Todd Sullivan

Co-Founder & Managing Partner

Peter Greer

Auto & Industrial Partner

Susan Stone

Media Partner

Charles Drummond

Partner

Akash Taneja

Staffing Partner

About APG

APi Gr Stock (NYSE:APG), Trade Ideas

APi Gr

APi Group Corp operates in two segments: Safety Services segment includes providing safety services in North America, Asia Pacific, and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, Heating, Ventilation, and Air Conditioning and entry systems), including design, installation, inspection, and service of these integrated systems. These services are provided in commercial, education, healthcare, high tech, industrial, and special-hazard settings. Specialty Services segment includes providing a variety of infrastructure services and specialized industrial plant services, which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.

News

APi Group shares are trading lower by 5% during Wednesday&#39;s session. The company priced an 11 million share offering at $37.50 per share.

Why APi Group Shares Are Trading Lower

Equities

General

APi Group expands its safety services portfolio with the acquisition of Elevated Facility Services Group. Valued at $570 million.

Construction Company APi Group Acquires Elevated Facility Services For ~$570M

Graph,Showing,The,High,Cost,Of,Health,Care,With,Usd

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AAPL

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VLTO

OYST

Goldman Sachs&#39; Hedge Fund Trend Monitor highlights concentration in mega-caps, with optimism in AI and health care.

Health Care Becomes Most Overweighted Sector As Hedge Funds Crowd Into Magnificent 7

APi Group Corp

APOLLO STRATEGIC GROWTH CAPITAL II ORD SHS CL A

Apollo Strategic Growth Capital III

Apogee Therapeutics Inc

AMERICAN POWER GROUP CORP by American Power Group Corp.

American Power Group Corp

APPLIED GRAPHENE MTLS PLC by Applied Graphene Materials PLC

Applied Graphene Materials PLC

APOLLO SILVER CORP by Apollo Silver Corp.

Apollo Silver Corp

Appgate Inc

General Motors Company&nbsp;(NYSE:&nbsp;GM) reported a fiscal first-quarter 2024 sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38374297/gm-releases-2024-first-quarter-results-and-raises-full-year-guidance" rel="noreferrer noopener">consensus estimate of $41.88 billion</a>.
Adjusted EPS of $2.62 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate of $2.14</a>. The&nbsp;stock price climbed after the results.
GM's market share reached 8.1% for the quarter, compared to&nbsp;8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%.&nbsp;Its share in China reached 7.9%, down from 9.1% a year earlier.
GM's North American operations, backed by truck sales, mainly contributed to its first-quarter beat and guidance raise, CNBC&nbsp;<a target="_blank" href="https://www.cnbc.com/2024/04/23/general-motors-gm-earnings-q1-2024.html" rel="noreferrer noopener">cites</a>&nbsp;the automaker.&nbsp;
Steady vehicle pricing and&nbsp;higher retail sales&nbsp;in North America also helped GM accomplish a 10.6% adjusted profit margin in the region for the period – above its&nbsp;previously&nbsp;announced 8% to 10% range.
Adjusted EBIT for the quarter improved by 1.8% to $3.87 billion, with an adjusted EBIT margin of 9.0%, down by 50 bps. Net income margin was 6.9% versus 6.0% a year ago.
GM CFO Paul Jacobson said automaker's vehicle prices were flat to slightly lower due to vehicle mix during the quarter. He said&nbsp;the company still plans to produce 200,000 &#8211; 300,000 EVs in 2024.
The company held $25.5 billion in cash and equivalents as of March 31, 2024. The adjusted automotive free cash flow was $1.09 billion.
FY24 Guidance:&nbsp;General Motors projects adjusted EPS of $9.00 &#8211; $10.00 (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36842639/general-motors-vrooms-past-q4-street-expectations-expects-us-ev-business-to-take-off-from-second-ha" rel="noreferrer noopener">prior $8.50 – $9.50</a>) versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $9.08</a>.&nbsp;
The company projects adjusted automotive free cash flow of $8.5 billion—$10.5&nbsp;billion (prior $8.0 billion—$10.0 billion) and reiterated capital spending of $10.5 billion—$11.5&nbsp;billion.
In the company conference call, General Motors CFO said the company expects to return to profit in China in the second quarter.
General Motors stock gained over 26% in the last 12 months. Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Transportation ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and&nbsp;Invesco S&amp;P 500 Pure Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPV#NYSE">RPV</a>).
Price Action:&nbsp;GM shares are&nbsp;trading higher by 5.05% at $45.39 in&nbsp;premarket at the last check Tuesday.

Earnings

Guidance

Movers

Media

FTXR

General Motors Q1 Earnings Surprise: North America Growth, Rising Profit Margin And Annual Guidance Boost

NRXS

NeurAxis Announces New Medical Policy Coverage In North Dakota

Halliburton Expects 2024 Revenue Growth In The Low Double Digits

FCNCA

First Citizens Bank Announced That Its Healthcare Finance Business Provided $58.4M In Financing To Anchor Health Properties For The Construction Of A 92-bed Inpatient Rehabilitation Facility In Miami, Florida

MNDR

Mobile-Health Network and Lifepack Partner To Improve Healthcare Accessibility In Indonesia

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains MetroCity Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCBS#NASDAQ">MCBS</a>) with a Market Perform and raises the price target from $27 to $28.

Price Target

METROCITY BANKSHARES INC by MetroCity Bankshares Inc.

MCBS

Keefe, Bruyette & Woods Maintains Market Perform on MetroCity Bankshares, Raises Price Target to $28

TMUS

T-Mobile Rolls Out Two New Internet Plans To Give Customers Enhanced Options For Home And On The Go

Well-known hedge fund manager Anthony Scaramucci discussed his views on Bitcoin going forward, why he likes the token and a potential price target during an interview on <a href="https://www.youtube.com/watch?v=-mc9-NzBOjk&amp;t=1s">CNBC</a>.&nbsp;&nbsp;
Scaramucci has a long history in the financial sector, starting his career at Goldman Sachs before founding multiple hedge funds and even serving a short stint as the White House communications director. He is a known advocate for <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/">Bitcoin (BTC)</a>.
Don't Miss:
<ul>
<li>Dogecoin millionaires are increasing <a href="https://www.benzinga.com/money/dogecoin-millionaires-adv">— investors with $1M+ in DOGE revealed!</a></li>
<li>Bitcoin has jumped another 45% already this year &#8211;<a href="https://www.benzinga.com/money/kraken"> how much would you need to get started today?</a></li>
</ul>
In the interview, Scaramucci said that he likes Bitcoin from a technical point of view.
"It's decentralized in a way that makes it very powerful. The network itself is scaling," he said. "If you think about the way we treat money in our society over the last 5,000 years, Bitcoin checks all of the boxes. The only box it doesn't check is central bank manipulation, which I think makes it way more powerful."&nbsp;
Scaramucci is an advocate for the technology behind Bitcoin, which has not yet been adopted by enough people to fully realize its potential.
"Bitcoin is on an adoption curve. If you go back to Web1, Bitcoin is sort of in the 1999 point in the spectrum. â€¦ It won't be an inflation hedge or a store of value — until you get over a billion users," he said. 
According to Scaramucci, Bitcoin is on the cusp of a massive wave of adoption. However, he does not believe that the adoption will be large enough to reduce the volatility of Bitcoin.&nbsp;
Trending: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.
In terms of price targets, he said, "You could have 10% to 15% downside just because it is still a risk-on/risk-off asset. But long-term, I think this thing trades to $170,000, probably to $200,000, and that's consistent with where it's been over the 15 years of Bitcoin."&nbsp;
When asked about the potential for a Bitcoin crash, which was brought up after the comparison of Bitcoin to Web1.0 in 1999, Scaramucci said, "If you are willing to hold that asset, which we are, over a rolling four-year period of time, no one has ever lost money in Bitcoin."&nbsp;
Scaramucci noted that Bitcoin is still relatively young, and he believes there is still strong upside potential in the future if you can stomach the ups and downs for several years or more.&nbsp;
To end the interview, Scaramucci said that he and his team believe that Bitcoin can surpass the market capitalization of gold. The total amount of above-ground gold reserves is valued at around $16 trillion. So, if Scaramucci is correct and Bitcoin reaches a market cap of $16 trillion, a single BTC could be worth more than $800,000. This is an increase of over 1,100%.&nbsp;
Read Next:
<ul>
<li>About 22% of the adult population in the U.S. own a share of Bitcoin,<a href="https://www.benzinga.com/money/kraken"> how much would $10 get you today</a>?</li>
<li>The<a href="https://www.benzinga.com/money/kraken-2"> last-standing top crypto exchange without a major security breach</a> offers what now?</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin's Market Cap Will Eclipse $16T, $800K Per BTC, Says Skybridge Capital's Anthony Scaramucci

WIIM

Invesco shares are trading lower following worse-than-expected Q1 financial results.

Contracts

Flowserve Announced That It Received Two Significant Middle East Project Awards For A Collective Value Of Over $150M

The Court will take that recommendation under advisement and will rule on the final number after briefing on the issues in the matter of BlueRadios, Inc. v. Kopin Corporation, Inc.
&nbsp;
"We are very disappointed in the outcome and do not believe the findings were justified by the facts presented," said Michael Murray, Kopin's Chief Executive Officer. "We are reviewing our options at this time, including an appeal of any judgment that is ultimately entered by the Court."

Legal

KOPN

Jury Verdict Entered In U.S. District Court For BlueRadios And Awarding ~$5.1M In Damages; Recommends $19.7M In Disgorgement And Exemplary Damages

Cohere Health And Humana Expand Prior Authorization Partnership, Adding Diagnostic Imaging And Sleep Services

HYPR

Hyperfine Announced The Acceptance Of Seventeen Ultra-low-field MRI-related Abstracts To Be Presented At The 2024 International Society For Magnetic Resonance In Medicine Annual Meeting In Singapore

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell maintains Lakeland Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBAI#NASDAQ">LBAI</a>) with a Market Perform and lowers the price target from $16.65 to $14.15.

LBAI

Keefe, Bruyette & Woods Maintains Market Perform on Lakeland Bancorp, Lowers Price Target to $14.15

Lockheed Martin shares are trading higher after the company reported better-than-expected Q1 financial results.

<a href="https://www.wsj.com/tech/ai/ai-developers-agree-to-new-safety-measures-to-fight-child-exploitation-2a58129c?mod=latest_headlines" title="https://www.wsj.com/tech/ai/ai-developers-agree-to-new-safety-measures-to-fight-child-exploitation-2a58129c?mod=latest_headlines">https://www.wsj.com/tech/ai/ai-developers-agree-to-new-safety-measures-to-fight-child-exploitation-2a58129c?mod=latest_headlines</a>

GOOG

GOOGL

'AI Developers Agree To New Safety Measures To Fight Child Exploitation' - Wall Street Journal

Penumbra Announced The US Food And Drug Administration Clearance And Launch Of Lightning Flash 2.0 Designed To Rapidly Remove Blood Clots

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/04/22/final-trades-goldman-sachs-sl-green-and-taiwan-semi.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners said Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is <a href="https://www.benzinga.com/24/04/38362650/tsmc-topped-estimates-on-the-back-of-insatiable-ai-demand">oversold and cheap</a>.
On April 18, Taiwan Semiconductor Manufacturing exceeded first-quarter financial expectations. The company's revenue surged 16.5% to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion, while net income increased by 8.9% to $6.97 billion.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>), which reported earnings last week, has a 6% yield.
On April 17, SL Green Realty posted first-quarter sales of $128.203 million, missing market expectations of $152.668 million. The company posted FFO of $3.07 beating estimates of $2.16. 
Evercore ISI Group analyst Steve Sakwa maintained SL Green Realty with an Underperform but raised the price target from $46 to $47 on April 22.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Joseph M. Terranova of Virtus Investment Partners named Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) as his final trade.
On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion. 
The Wall Street giant reported EPS of $11.58, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">beating the consensus of $8.60</a>.
Price Action:
<ul>
<li>Taiwan Semiconductor Manufacturing shares rose 1.6% to close at $129.75 on Monday.</li>
<li>SL Green Realty shares gained 2.4% to settle at $50.78 during Monday's session.</li>
<li>Goldman Sachs shares gained 3.3% to close at $417.35 during Monday's session.</li>
</ul>
Also Read This: <a href="https://www.benzinga.com/news/24/04/38370585/investor-optimism-improves-but-fear-greed-index-remains-in-fear-zone">Investor Optimism Improves, But Fear &amp; Greed Index Remains In &#8216;Fear&#8217; Zone</a>
Image: Shutterstock

Markets

Trading Ideas

Goldman Sachs, SL Green Realty And A Major Chipmaker On CNBC's 'Final Trades'

HRTX

Heron Therapeutics shares are trading higher after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.

NVR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) reported quarterly earnings of $116.41 per share which beat the analyst consensus estimate of $103.97 by 11.96 percent. The company reported quarterly sales of $2.286 billion which beat the analyst consensus estimate of $2.221 billion by 2.91 percent. This is a 4.96 percent increase over sales of $2.178 billion the same period last year.

Earnings Beats

NVR Q1 2024 GAAP EPS $116.41 Beats $103.97 Estimate, Sales $2.286B Beat $2.221B Estimate

APi Group Corp (APG) leads the Engineering and Construction industry with an overall score of 82. APG is up 77.36% so far this year after the company closed yesterday at $38.38.  The overall score measures the company's performance based-off both short and long term indicators and means that APG scores better than 82% of t

Is APi Group Corp (APG) The Right Choice in Engineering & Construction?

APi Group Corp (APG) leads the Engineering and Construction industry with an overall score of 84. APG is up 79.48% so far this year after the company closed yesterday at $39.54.  The overall score measures the company's performance based-off both short and long term indicators and means that APG scores better than 84% of t

APi Group Corp (APG) Is the Top Stock in the Engineering & Construction Industry?

APi Group Corp (APG) is near the top in its industry group according to InvestorsObserver. APG gets an overall rating of 77. That means it scores higher than 77 percent of stocks. APi Group Corp gets a 95 rank in the Engineering and Construction industry. Engineering and Construction is number 15 out of 148 industries. APG

Where Does APi Group Corp (APG) Stock Fall in the Engineering & Construction Field After It Has Risen 0.21% This Week?

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on APi Group (APG – Research Report), Waste Man...

Analysts Offer Insights on Industrial Goods Companies: APi Group (APG), Waste Management (WM) and Global Payments (GPN)

APi Group acquires Elevated Facility Services, reports Q1 preliminary results

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Controladora Vuela Compania de Aviacion SAB de...

Wall Street Analysts Are Bullish on Top Industrial Goods Picks

APi Group announces launch of underwritten common stock offering

APi Group stock drops 3% on $412M equity offering

APi Group Now Looks Fairly Valued, Even With Its Acquisition (Rating Downgrade)

APi Group Corporation (APG) just unveiled an update. APi Group Corporation successfully completed an underwritten public offering of 11 million sha...

APi Group Launches Major Share Offering and Agreement

VLRS

Press Releases

APi Group Provides Update on 2023 Performance and Initial 2024 Guidance

APi Group Reports Fourth Quarter and Full Year 2023 Financial Results and Announces Agreement to Retire All Outstanding Series B Preferred Stock from Blackstone and Viking

APi Group Announces Launch of Secondary Public Offering of Common Stock

APi Group Announces Pricing of Upsized Secondary Public Offering of Common Stock

APi Group Announces Participation in the 2024 J.P. Morgan Industrials Conference

APi Group Enters New, Adjacent Service Market with Acquisition of Elevated Facility Services Group

L Squared Capital Partners Announces Pending Sale of Elevated to APi Group Corporation

APi Group Announces Launch of Public Offering of Common Stock

APi Group Announces Pricing of Public Offering of Common Stock

APi Group Confirms Date of First Quarter 2024 Earnings Release and Announces Participation in Upcoming Investor Conferences-

Arcosa

AECOM

Argan

Ameresco

Concrete Pumping Holdings, Inc. - Common Stock

Concrete Pumping Holdings

Bowman Consulting Group Ltd. - Common Stock

Bowman Consulting Group

Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)