AdvisorShares Restaurant ETF (ARCA: EATZ)

AdvisorShares Restaurant ETF (ARCA:EATZ), Trade Ideas

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Placer.ai, the business location analytics company, examined the rising success of sub franchises like Jersey Mike&#39;s and its &#39;affluent suburb&#39; patrons.

Subway Rival Enjoys Spike In Popularity, Plus: Potbelly&#39;s Tasty Stock Performance

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MSOS

AdvisorShares Trust AdvisorShares MSOS 2x Daily ETF

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PSDN

PSIL

VICE

YOLO

AdvisorShares revealed that the AdvisorShares MSOS 2x Daily ETF (ARCA:MSOX) will begin trading on August 24th.

AdvisorShares Expands Cannabis ETF Offerings, Launches MSOS 2X Daily ETF MSOX

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One of the biggest trends to watch in 2021 continues to be the reopening of the economy as it relates to the increased rate of COVID-19 vaccinations and the lifting of restrictions in areas across the U.S. and globally.

Restaurants Could Benefit: One industry that saw pressure during the pandemic and could benefit from the reopening trend are restaurants.

3 ETFS To Watch With Increased Restaurant Spending

AdvisorShares Restaurant ETF

New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.79 by 20.25 percent. This is a 12.5 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $1.207 billion which beat the analyst consensus estimate of $1.105 billion by 9.30 percent. This is a 60.09 percent increase over sales of $754.153 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

New Oriental Education & Technology Group

New Oriental Education Q3 2024 Adj EPS $0.63 Misses $0.79 Estimate, Sales $1.207B Beat $1.105B Estimate

Lloyds Banking Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYG#NYSE">LYG</a>) reported quarterly earnings of $0.22 per share. This is a 98.2 percent increase over earnings of $0.11 per share from the same period last year. The company reported $4.04 billion in sales this quarter. This is a 30.62 percent decrease over sales of $5.82 billion the same period last year.

Lloyds Banking Group Q1 EPS $0.22 Up From $0.11 YoY, Sales $4.04B Down From $5.82B YoY

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has cut its <a href="https://www.benzinga.com/news/24/04/38136012/apple-vision-pros-immersive-content-library-to-expand-with-a-dinosaur-film-iphone-16-to-further-boos">Vision Pro </a><a href="https://www.benzinga.com/news/24/04/38136012/apple-vision-pros-immersive-content-library-to-expand-with-a-dinosaur-film-iphone-16-to-further-boos">shipments</a> by nearly half due to a significant drop in demand, according to a new report.
What Happened: The Cupertino-based tech giant has revised its Vision Pro shipment estimates to 400,000-450,000 units for 2024, down from the initial 700,000-800,000 units. The changes have forced Apple to reconsider its overall headset strategy, <a href="https://medium.com/@mingchikuo/apple-cuts-2024-2025-vision-pro-shipment-forecasts-unfavorable-to-mr-headset-pancake-and-micro-38796834f930">said</a> analyst Ming-Chi Kuo.
He suggests that the demand for Vision Pro has dropped significantly in the United States, leading Apple to adopt a cautious approach to its international launch. This has prompted Apple to re-evaluate its headset business strategy.
"Apple cut orders before launching Vision Pro in non-US markets, which means that demand in the US market has fallen sharply beyond expectations, making Apple take a conservative view of demand in non-US markets."
Kuo also hinted that Apple might not release a second-generation Vision Pro in 2025, as previously speculated.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38345502/elon-musk-reacts-after-nvidia-stock-plunges-10-and-erases-212b-market-cap-rookie-numbers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: &#8216;Rookie Numbers&#8217;</a>
Apple had previously planned to produce approximately 400,000 Vision Pro headsets in 2024. It is possible that Apple increased this target before the Vision Pro&#8217;s release in February, only to now lower it again.
Apple is <a href="https://www.benzinga.com/news/24/03/37862487/apple-planning-to-launch-vision-pro-next-in-these-countries-next-here-is-what-latest-job-postings-re">expected to expand</a> the Vision Pro's availability at the upcoming Worldwide Developers Conference (WWDC) in June.
Why It Matters: The Vision Pro, which <a href="https://www.benzinga.com/news/24/02/37048792/sam-altman-lauds-apple-vision-pro-second-most-impressive-tech-since-the-iphone">launched in February</a>, has been a topic of debate. Privacy expert Albert Fox Cahn criticized it as a &#8220;buggy beta test of a product launch,&#8221; raising concerns about increased surveillance.
Despite this, the headset <a href="https://www.benzinga.com/news/24/02/37048792/sam-altman-lauds-apple-vision-pro-second-most-impressive-tech-since-the-iphone">received praise from industry leaders</a>, with OpenAI co-founder Sam Altman calling it the second most impressive tech since the iPhone.
Price Action: Apple's shares were up 0.23% in premarket trading on Wednesday after closing at $166.82 on Tuesday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381758/jim-cramer-weighs-in-after-iphone-sales-reportedly-plummet-19-in-china-in-q1-anothe">Jim Cramer Weighs In After iPhone Sales Reportedly Plummet 19% In China In Q1: &#8216;Another Dump On Apple iPhone Day&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Mylo Kaye on Unsplash

Analyst Color

Analyst Ratings

Tech

AAPL

Apple In Trouble? Tim Cook Reportedly Cuts Vision Pro Shipment Forecasts By Up To 50%, Analyst Says Demand Has 'Fallen Sharply'

RYAAY

Ryanair CEO Said We Will Continue To Be Boeing's Largest Customer Outside America

Keefe, Bruyette &amp; Woods analyst Ryan Krueger upgrades Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) from Market Perform to Outperform and lowers the price target from $130 to $110.

Upgrades

Price Target

Keefe, Bruyette & Woods Upgrades Globe Life to Outperform, Lowers Price Target to $110

Ryanair CEO Said Doesn't Make A Lot Of Difference If Boeing Owns Spirit, But Quality Control Needs To Be Improved; We've Been Finding A Lot Of The Production Issues Ourselves, Quality Controls Haven't Been Very Good With Boeing

Ryanair CEO Said It Will Take 12-18 Months For Boeing To Eliminate Backlogs In Deliveries

Feeling like you&#8217;re constantly running on a hamster wheel, with deadlines looming over your head like dark clouds? You&#8217;re not alone. The corporate rat race can be suffocating, but I&#8217;ve discovered some life-saving stress busters that helped me reclaim my sanity and zest for life. Let&#8217;s dive into these 10 simple yet effective strategies to help you escape the grind and prevent burnout.
1. Set Clear Work-Life Boundaries
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17-1024x585.png" alt="" class="wp-image-305995" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044511/download-17.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Clear Work-Life Boundaries. Image generated using DALL-E 3</figcaption></figure>
It all started when I began setting strict boundaries between work and personal life. No emails after 6 PM, and weekends are sacred. This small change helped me reduce anxiety and made my off-time truly rejuvenating.
2. Daily Exercise
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12-1024x585.png" alt="" class="wp-image-305996" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044518/download-1-12.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">People exercising. Image generated using DALL-E 3</figcaption></figure>
Integrating a daily exercise routine was a game changer. Whether it was a brisk walk, a yoga session, or a full-blown gym workout, moving my body helped in shedding the day&#8217;s stress and boosted my mood tremendously.
3. Mindfulness And Meditation
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19-1024x585.png" alt="" class="wp-image-306001" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044540/download-19.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A boy doing yoga. Image generated using DALL-E 3</figcaption></figure>
Starting my day with just 10 minutes of meditation set a calm tone for the rest of the day. Practicing mindfulness helped me remain more present and less reactive to the day-to-day stresses.
4. Nurturing Hobbies
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20-1024x585.png" alt="" class="wp-image-306003" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044551/download-20.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Build a hobby. Image generated using DALL-E 3</figcaption></figure>
Rediscovering old hobbies or picking up new ones can be incredibly therapeutic. For me, painting and playing the guitar allowed creative expressions that professional life often stifles.
5. Healthy Eating
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21-1024x585.png" alt="" class="wp-image-306005" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044619/download-21.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A man cooking. Image generated using DALL-E 3</figcaption></figure>
Swapping out junk food for nutritious meals did wonders not just for my waistline but also for my mental health. A well-nourished body supports a healthy mind.
6. Adequate Sleep
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22-1024x585.png" alt="" class="wp-image-306006" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044637/download-22.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A boy sleeping. Image generated using DALL-E 3</figcaption></figure>
Aiming for 7-8 hours of sleep became non-negotiable. Good sleep helped in maintaining high energy levels and sharp focus throughout the day.
7. Vacation And Mini-Breaks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23-1024x585.png" alt="" class="wp-image-306007" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044740/download-23.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A man relaxing on the beach. Image generated using DALL-E 3</figcaption></figure>
Regular vacations or even short weekend getaways worked like a reset button for my mental state, helping me return to work refreshed and motivated.
8. Social Connections
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24-1024x585.png" alt="" class="wp-image-306010" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044751/download-24.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">People socializing with friends. Image generated using DALL-E 3</figcaption></figure>
Maintaining strong relationships with family and friends provided emotional support and a sense of belonging, crucial for mental well-being.
9. Professional Help
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13-1024x585.png" alt="" class="wp-image-306011" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044814/download-1-13.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A woman seeking professional help. Image generated using DALL-E 3</figcaption></figure>
When things got overwhelming, seeking help from a therapist was invaluable. It&#8217;s okay to seek help to navigate through tough times.
10. Learning To Say No
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25-1024x585.png" alt="" class="wp-image-306012" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24044839/download-25.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">learn to say no. Image generated using DALL-E 3</figcaption></figure>
Lastly, learning to say &#8216;no&#8217; was vital. It protected my time and energy, allowing me to focus more on what truly matters to me.
Implementing these stress busters not only helped me escape the relentless corporate rat race but also brought joy and peace back into my life. Try incorporating a few into your routine, and watch the transformation unfold!
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Education

Health Care

How I Escaped The Corporate Rat Race And Saved Myself From Burnout Using These 10 Easy Stress Busters

Deutsche Bank analyst Faiza Alwy upgrades MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) from Hold to Buy and lowers the price target from $613 to $569.

MSCI

Deutsche Bank Upgrades MSCI to Buy, Lowers Price Target to $569

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is in discussions with &#8220;a major automaker&#8221; to license its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago" rel="noreferrer noopener">Full Self-Driving (FSD) software</a>, CEO&nbsp;Elon Musk&nbsp;revealed on Tuesday, adding that the technology will eventually enable&nbsp;true&nbsp;autonomous driving.
Integration and Timeline:&nbsp;While integrating FSD into competitor vehicles requires minimal effort (utilizing compatible cameras, inference computers, and the software license), deployment will take time, Musk said.&nbsp;
&#8220;I think we have a good chance we do sign a deal this year, maybe more than one. But yes, it would be&nbsp;probably&nbsp;three years before it&#8217;s integrated with a car,&#8221; Musk said. The delay in deployment, company CFO&nbsp;Vaibhav Taneja&nbsp;said, will not be due to delay from Tesla but due to the work that rival automakers have to do in terms of design changes to integrate the software.
Tesla&#8217;s Ambitions:&nbsp;Despite its name, FSD&nbsp;currently&nbsp;requires active driver supervision and doesn&#8217;t offer full autonomy. However, Musk remains optimistic that Tesla will eventually achieve&nbsp;true&nbsp;autonomy, comparing self-driving cars to elevators&nbsp;that transport&nbsp;passengers to their destinations.
&#8220;Even if I got kidnapped by aliens tomorrow, Tesla&nbsp;will&nbsp;solve autonomy, maybe a little slower, but it would solve autonomy for vehicles at least,&#8221; Musk said. &#8220;If somebody doesn&#8217;t believe Tesla is going to solve autonomy, I think they should not be an investor in the company.&#8221;
&#8220;I mean, we&#8217;re putting the actual auto in automobile,&#8221; he added later on the call.
Shifting Stance:&nbsp;In Tesla&#8217;s previous quarter&#8217;s earnings call, Musk stated the company hadn&#8217;t&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36772202/elon-musk-says-tesla-hasnt-received-any-fsd-licensing-agreements-from-rivals-i-think-they-dont-belie" rel="noreferrer noopener">secured any FSD licensing deals</a>&nbsp;because competitors didn&#8217;t believe &#8220;it&#8217;s (FSD) real quite yet.&#8221; Now, Musk predicts that without FSD capability, consumers won&#8217;t purchase cars in the future. &#8220;License it&nbsp;or&nbsp;nobody will buy your car,&#8221; he warned.
Regulatory Hurdles:&nbsp;Deploying autonomous vehicles hinges on&nbsp;both&nbsp;technological advancement and regulatory approval.&nbsp;
Tesla&#8217;s Director of Autopilot software,&nbsp;Ashok Elluswamy, believes regulatory hurdles might be minimal if sufficient data proves the safety advantages of autonomous cars over human-driven vehicles.&nbsp;
Other&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37907967/tesla-fsd-team-gets-a-boost-as-waymo-engineering-manager-jumps-ships-to-join-elon-musk-led-ev-maker" rel="noreferrer noopener">autonomous car companies</a>&nbsp;have also been clearing the regulatory path for Tesla, Elluswamy said, referring to&nbsp;Alphabet Inc&#8216;s&nbsp;Waymo.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:<a href="https://www.benzinga.com/news/24/04/38396608/tesla-exec-says-1-000-cybertrucks-a-week-prove-4680-cell-production-isnt-a-bottleneck-we-expect-to-s"> Tesla Exec Says 1,000 Cybertrucks A Week Prove 4680 Cell Production Isn&#8217;t A Bottleneck: &#8216;We Expect To Stay Ahead&#8230;&#8217;</a>
Illustration by Geena123 on Shutterstock

TSLA

Tesla Will Solve Autonomy 'Even If I Got Kidnapped By Aliens Tomorrow,' Says Elon Musk As He Reveals Talks With 'Major Automaker' For FSD Licensing

<a href="https://www.haleon.com/news/press-releases/corporate/2024/appointment-of-dawn-allen-as-chief-financial-officer" title="https://www.haleon.com/news/press-releases/corporate/2024/appointment-of-dawn-allen-as-chief-financial-officer">https://www.haleon.com/news/press-releases/corporate/2024/appointment-of-dawn-allen-as-chief-financial-officer</a>

Management

Haleon Appoints Dawn Allen As CFO, After Tobias Hestler Announced To Step Down; Dawn Will Join Haleon On 28 October And Will Assume The Role Of CFO From 1 November

FINV

FinVolution Announced That Its Philippines Financial Application, Juanhand, Has Entered Into A Strategic Cooperation Agreement With UnionBank Of The Philippines

Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) reported quarterly earnings of $9.49 per share which beat the analyst consensus estimate of $9.38 by 1.17 percent. This is a 13.17 percent decrease over earnings of $10.93 per share from the same period last year. The company reported quarterly sales of $4.47 billion which beat the analyst consensus estimate of $4.38 billion by 2.08 percent. This is a 8.26 percent increase over sales of $4.13 billion the same period last year.

Group 1 Automotive Q1 Adj. EPS $9.49 Beats $9.38 Estimate, Sales $4.47B Beat $4.38B Estimate

Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) reported adjusted quarterly earnings of $6.11 per share which missed the analyst consensus estimate of $7.89 by 22.56 percent. This is a 27.61 percent decrease over earnings of $8.44 per share from the same period last year. The company reported quarterly sales of $8.56 billion which beat the analyst consensus estimate of $8.54 billion by 0.19 percent. This is a 22.69 percent increase over sales of $6.97 billion the same period last year.

Lithia Motors Q1 Adj $6.11 Misses $7.89 Estimate, Sales $8.56B Beat $8.54B Estimate

Zuora Announced That Global Video Game Publisher Ubisoft Has Adopted Zuora To Power Its Ubisoft+ And Rocksmith+ Subscription Services

Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $0.56 by 86.25 percent. This is a 43.62 percent decrease over earnings of $1.85 per share from the same period last year. The company reported quarterly sales of $24.908 which missed the analyst consensus estimate of $29.297 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $29.176 billion the same period last year.

Eni Q1 2024 Adj EPS $1.04 Beats $0.56 Estimate, Sales $24.908 Miss $29.297B Estimate

Senator Markwayne Mullin (R-Okla.) has refuted that there is any conflict of interest over his ownership of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares, ahead of a vote to potentially ban TikTok.
What Happened: The senator was questioned on Last Call with CNBC about the optics of voting on the TikTok ban while owning Meta shares. <a href="https://www.benzinga.com/government/24/03/37710878/congress-moves-to-ban-tiktok-could-members-benefit-from-positions-in-social-media-stocks-like-meta-p">Mullin purchased Meta shares in January</a>, leading to speculation that his vote could be influenced by potential profit gains for Meta, a TikTok competitor, if the ban is implemented.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Do you worry about the optics of voting on this legislation, but also owning <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a>?&quot; <a href="https://twitter.com/SullyCNBC?ref_src=twsrc%5Etfw">@SullyCNBC</a> asks <a href="https://twitter.com/SenMullin?ref_src=twsrc%5Etfw">@SenMullin</a> ahead of a vote to potentially ban TikTok. <a href="https://t.co/CsvKYx3z3K">pic.twitter.com/CsvKYx3z3K</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1782920183385850067?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tesla&#8217;s Pricing Debate: &#8216;Only A Fool Thinks ….&#8217;</a>
While Mullin denied divulging details about his market activities, he mentioned that he was not fighting against a company, but the Chinese Communist Party.
&#8220;What I am saying is the Chinese Communist Party should not be allowed to do business openly inside the United States and use the freedom of speech as a protection. They don&#8217;t have protection, the communist party doesn&#8217;t have protection. They are an enemy and we should fight against them with every opportunity we have,&#8221; he said.
Why It Matters: The controversy arises amid increasing regulatory pressure on TikTok. TikTok&#8217;s efforts to <a href="https://www.benzinga.com/news/24/04/38350035/tiktok-to-remove-executive-responsible-for-allaying-us-national-security-concerns-amid-rising-regula">allay U.S. national security concerns</a> have been unsuccessful, leading to the removal of a key executive. The U.S. House of Representatives recently passed a bill requiring TikTok to be sold by its Chinese parent company, ByteDance Ltd., or face a ban in the U.S.
Meanwhile, former President Donald Trump has <a href="https://www.benzinga.com/news/24/04/38368049/trump-reverses-tiktok-ban-stance-accuses-biden-of-favoring-zuckerbergs-meta-doing-it-to-help-faceboo">reversed his stance on the TikTok ban</a>, accusing President Joe Biden of favoring Meta. Trump alleges that Biden is pushing for the TikTok ban to help Meta gain more power.
Analysts from Wedbush believe that while Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) could be the &#8220;likely buyers&#8221; of TikTok, the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358239/microsoft-and-oracle-could-be-tiktoks-likely-buyers-but-real-winners-would-be-mark-">real winners could be </a>Meta&#8217;s Mark Zuckerberg and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Sundar Pichai. The TikTok ban bill is part of a larger package aimed at providing aid and bolstering national security measures in support of Ukraine, Israel, and Taiwan. 
Price Action: On Tuesday, Meta stock closed 2.98% higher at $496.10, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38368953/jim-cramer-sees-nvidia-as-going-from-star-of-the-show-to-being-the-goat-of-the-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Sees Nvidia As Going &#8216;From Star Of The Show To Being The Goat Of The Game&#8217;</a>
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GOP Senator Who Owns Meta Stock Denies Conflict of Interest Ahead Of TikTok Ban Vote: 'I Am Not Fighting Against A Company'

Gold, traditionally considered a safe-haven asset, has surprisingly <a href="https://in.benzinga.com/content/38137444/why-are-gold-and-silver-prices-on-a-scorching-rally-find-out-here" target="_blank" rel="noreferrer noopener">rallied alongside riskier investments</a> this year. According to Schiff Gold, a precious metals dealer founded by economist Peter Schiff, the yellow metal still has room to grow, and one reason might surprise you: its increasing use in technology.
The Tech Connection:&nbsp;Schiff Gold argues that precious metals like gold are more connected to technology than most people realize. Many tech products rely on gold as a key component due to its conductive properties.&nbsp;
For example,&nbsp;Nvidia, a leading graphics processing unit (GPU) manufacturer, uses in its products &#8220;conflict-free&#8221; gold as well as tantalum, tungsten, and tin from the Democratic Republic of Congo and &#8220;adjoining countries that do not finance or benefit armed groups in the region.&#8221;
Why Gold?&nbsp;While other metals like copper are generally cheaper, gold&#8217;s unique chemical properties and natural durability make it a desirable choice for certain applications. Despite the higher cost, some companies use gold in chips, internal wiring, and switches.
Looking Ahead:&nbsp;Schiff Gold anticipates a rise in gold usage within the tech sector. &#8220;As competition for the best GPUs heats up and the price of GPUs is likely going to rise due to advances in artificial intelligence, the cost of the metal in GPUs will become less relevant,&#8221; it said.
Currently, gold primarily serves investment and jewelry purposes. However, Schiff Gold finds it fascinating that &#8220;humanity&#8217;s newest and most advanced technology, AI, has looped around to depend on our oldest kind of money.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-commodities-to-buy">Best Commodities To Buy</a>
Why It&#8217;s Important: Schiff&#8217;s high expectations for gold from this industrial use case may be a little farfetched. An &#8220;Interesting Intelligence&#8221; <a href="https://interestingengineering.com/innovation/how-much-gold-is-in-your-computer-and-how-efficient-it-is-to-reclaim-it">story</a> published in September 2020 said, citing estimates, that gold recovered from PCs and laptops ranged from $6 to $12.
Industrial video equipment has a higher proportion of gold, up to even 56 grams per machine.
As the Schiff Gold blog suggested, the quest for making high-performance GPUs may warrant the usage of more gold.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37005660/no-imminent-ai-bubble-burst-says-munster-we-are-at-the-start-of-3-5-year-tech-run">The AI boom is seen to last at least for about </a>three to five years and currently, Nvidia is enjoying a near monopoly position in supplying AI accelerators. The demand for the chips is expected to grow exponentially and more players are expected to enter the fray. A gold rush by tech companies could drive more demand for the yellow metal.
Gold futures are up about 13% for the year-to-date period. They hit a record high of $2,448.80 (intraday) on April 12 before tapering a bit. Hopes that the U.S. Federal Reserve will cut interest rates from the 22-year high have primarily fueled the rally. A Fed rate cut would weaken the dollar and is in turn positive for gold, as the precious metal shares an inverse relation with the greenback.
At the same time, an inflationary economy will also be a positive for gold as investors may prefer to park their funds in safe havens.
The SPDR&nbsp;Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) ended Tuesday&#8217;s session down 0.25% at $215.04, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38346847/nvidia-in-correction-territory-did-ai-led-tech-stock-bubble-just-burst-this-data-po"> Nvidia Rally Evaporates — Did AI-Led Tech Stock Bubble Just Burst? This Data Point Offers A Clue</a>
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Commodities

Gold To Rally Even Higher On Nvidia, Big Tech? Schiff's Firm Says AI 'Has Looped Around To Depend On Our Oldest Kind Of Money'

Tesla Inc. CEO <a href="https://www.benzinga.com/topic/elon-musk">Elon Musk </a><a href="https://www.benzinga.com/topic/elon-musk">reacted</a> to Oscar-winning actor Morgan Freeman&#8216;s 2016 admiration, calling the actor &#8220;amazing&#8221; and expressing his own admiration for the Hollywood legend.
What Happened: A 2016 video of Freeman expressing his admiration for Musk recently surfaced on X, formerly Twitter. This drew Musk's attention, who reposted it and praised Freeman.
In the video, Freeman, a self-proclaimed &#8220;huge fan&#8221; of Musk, praised the tech billionaire's innovative ideas and technological advancements, including the SpaceX's reusable rocket ship
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Musk, in response, shared the clip on his X account, captioning it &#8220;Morgan Freeman is awesome.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Morgan Freeman is awesome <a href="https://t.co/JcIQ1yMDoc">https://t.co/JcIQ1yMDoc</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782792093389176986?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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Users echoed Musk&#8217;s sentiments in the comments, with one user praising Freeman&#8217;s &#8220;forward-looking mindset&#8221; and another commending his &#8220;down-to-earth common sense.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381758/jim-cramer-weighs-in-after-iphone-sales-reportedly-plummet-19-in-china-in-q1-anothe">Jim Cramer Weighs In After iPhone Sales Reportedly Plummet 19% In China In Q1: &#8216;Another Dump On Apple iPhone Day&#8217;</a>
Others lauded Freeman for his authenticity and humility, with one user describing him as &#8220;definitely a gem.&#8221;
One user pointed out Freeman&#8217;s positive impact on his local community.
Why It Matters: Musk has often been criticized for his decisions recently, especially after his $44 billion acquisition of Twitter.
For instance, when actor <a href="https://www.benzinga.com/news/23/08/33955905/elon-musk-tells-james-wood-to-delete-your-account-after-actor-calls-x-com-owner-a-greedy-capitalist">James Wood </a><a href="https://www.benzinga.com/news/23/08/33955905/elon-musk-tells-james-wood-to-delete-your-account-after-actor-calls-x-com-owner-a-greedy-capitalist">called</a><a href="https://www.benzinga.com/news/23/08/33955905/elon-musk-tells-james-wood-to-delete-your-account-after-actor-calls-x-com-owner-a-greedy-capitalist"> </a><a href="https://www.benzinga.com/news/23/08/33955905/elon-musk-tells-james-wood-to-delete-your-account-after-actor-calls-x-com-owner-a-greedy-capitalist">Musk</a> a "greedy capitalist," the tech billionaire snapped back at him, saying "Delete your account."
Several Hollywood actors, singers, and personalities <a href="Singer%20Sara%20Bareilles">have criticized Musk</a> after his Twitter acquisition, with some saying they will quit the social media platform.
Musk has also had a <a href="https://www.benzinga.com/news/23/07/33144100/elon-musk-and-stephen-king-engage-in-witty-twitter-exchange-over-mark-zuckerberg-rivalry">long-winded back-and-forth</a> with author Stephen King over the latter's opinions about the Tesla CEO.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Entertainment

Elon Musk Says Morgan Freeman Is 'Awesome' After American Actor Says He's A Huge Fan Of Tesla CEO: 'What He's Done, Nobody Else Has Ever Done'

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Retail Sales Held Up Despite Price Drops Of Many Goods As Spending And Inflation Shifted To Services

As we begin the second half of the year the stock market is up, which is not a given based on all that has transpired, thus far.

Tuesday Talk: A Glorious First Half And A Glorious Fourth

How To Find Market-Beating Trade Ideas

Consumers Are Still At It, Splurging Online, Buying Cars, Eating Out

AdvisorShares Restaurant ETF declares $0.1117 dividend

Restaurant stocks fall after McDonald's warns lower-income consumers are pushing back on high prices

Dunkin' Donuts and Buffalo Wild Wings could go public again as part of Inspire Brands IPO

Restaurant roundup: Shake Shack, CAVA and Wingstop are breakout stars as investors eye margin relief

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Several different food-related exchange traded funds (ETFs) are available that dabble in <a href="https://investorplace.com/industries/consumer-discretionary/retail/restaurant/">restaurant stocks</a>.&nbsp;The largest is the Invesco Leisure and Entertainment ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/pej-stock-quote/">PEJ</a>), with net assets of <a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Institutional&amp;ticker=PEJ">$298 million</a>. However, only four out of its 31 holdings are pure-play restaurant stocks.&nbsp;



An industry-specific ETF to select for restaurant stocks would be the AdvisorShares Restaurant ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/eatz-stock-quote/">EATZ</a>). With an appropriately designated stock symbol, EATZ is actively managed and is entirely made up of restaurant chains, except for a couple of food distributors. However, it has less than <a href="https://advisorshares.com/etfs/eatz/">$3 million</a> in net assets, so I wouldn&rsquo;t recommend you buy it.



PEJ and EATZ are up 10% and 6% year-to-date (YTD), with EATZ gaining more than 28% in the past six months, a sign restaurant stocks are on the mend. With this in mind, here are three restaurant stocks that analysts love right now.&nbsp;



<h2>Yum China Holdings (YUMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/yumc-stock-1-300x169.jpg" alt="A banner for Yum China (YUMC) decorates the New York Stock Exchange."><div>Source: rblfmr / Shutterstock.com</div></div>Yum China Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/yumc-stock-quote/">YUMC</a>) is the largest of the three restaurant stocks on this list, with a market capitalization of $15.5 billion. Of the <a href="https://www.marketwatch.com/investing/stock/yumc/analystestimates">33 analysts</a> covering its stock, 22 rate it a &ldquo;buy,&rdquo; with a median target price of $55.07, 43% higher than where it&rsquo;s currently trading.



YUMC is China&rsquo;s operator of KFC and Pizza Hut. But unfortunately, the Chinese population hasn&rsquo;t been dining out as often due to higher inflation in 2023 and a sputtering domestic economy. This has severely reduced Yum China&rsquo;s same-store sales growth.&nbsp;



As a result, YUMC shares are down nearly 40% over the past year. YUMC stock trades at one of the lowest points since Yum Brands (NYSE:<a href="https://investorplace.com/stock-quotes/yum-stock-quote/">YUM</a>) spun it off in <a href="https://www.forbes.com/sites/ywang/2016/11/01/yum-brands-spins-off-china-unit-in-new-york-amid-losses-in-market-share/?sh=59e099e74b97">November 2016</a>. As recently as March 2023, it traded well over $60.&nbsp;



The company reported strong <a href="https://yumchinaholdingsinc.gcs-web.com/static-files/4a653df7-310b-4190-97c2-384b0189032d">2023 results</a> in February, including a 21% increase in system-wide sales, 7% same-store sales growth, opening nearly 1,700 new stores and an operating profit of $1.1 billion, 79% higher than a year earlier.&nbsp;&nbsp;



Due to the strong year, it plans to buy back $1.25 billion of its stock in 2024 and increase its quarterly dividend to 16 cents. It also plans to open up to 1,700 stores this year to reach 20,000 by the end of 2026. It finished 2023 with 14,644 in over 2,000 cities.&nbsp;



With a bright future ahead, YUMC is one of the restaurant stocks that has value right now.&nbsp;



<h2>Arcos Dorados (ARCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/mdc-1600-300x169.jpg" alt="McDonald's restaurant in Thailand."><div>Source: Tama2u / Shutterstock</div></div>Arcos Dorados (NYSE:<a href="https://investorplace.com/stock-quotes/arco-stock-quote/">ARCO</a>) is the second-largest of the three restaurant stocks, with a market cap of $2.4 billion. All <a href="https://www.marketwatch.com/investing/stock/arco/analystestimates">six analysts</a> covering its stock rate it a &ldquo;buy,&rdquo; with a median target price of $14.30, 27% higher than where it&rsquo;s currently trading.&nbsp;



Just as Yum China focuses on KFC and Pizza Hut restaurants in China, Arcos focuses on McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>) restaurants in Latin America and the Caribbean.&nbsp;



It is the region&rsquo;s largest restaurant chain, with <a href="https://www.businesswire.com/news/home/20240313225693/en/Arcos-Dorados-Reports-Strong-Fourth-Quarter-and-Full-Year-2023-Financial-Results">2,361 locations</a> as of Dec. 31, 2023. The company owns 71% of them, and the rest are franchised. Approximately 48% of its locations are in Brazil, with the remainder split between northern and southern Latin America.&nbsp;&nbsp;



In 2023, it had $4.33 billion in revenue, up 19.6% from 2022. Its net income was $181.3 million, 29.2% higher than a year earlier.&nbsp;It trades at a reasonable 13x its 2023 earnings of 86 cents. McDonald&rsquo;s trades at <a href="https://www.morningstar.com/stocks/xnys/mcd/valuation">23.3x </a>earnings, almost double.



I <a href="https://investorplace.com/2023/01/the-3-best-south-american-stocks-to-buy-in-2023/">recommended</a> ARCO stock in January 2023 at $8.70 a share. It&rsquo;s up 29% since. It&rsquo;s still a buy in double digits.&nbsp;



<h2>Portillo&rsquo;s (PTLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/ptlo-stock-1-300x169.jpg" alt="The front of a Portillo's (PTLO) hotdog restaurant in Riverside, California."><div>Source: TonelsonProductions / Shutterstock.com</div></div>Portillo&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptlo-stock-quote/">PTLO</a>) is the smallest of the three restaurant stocks, with a market capital of $967 million. Seven of the <a href="https://www.marketwatch.com/investing/stock/ptlo/analystestimates">10 analysts</a> covering its stock rate it a &ldquo;buy,&rdquo; with a median target price of $21.11, 59% higher than where it&rsquo;s currently trading.&nbsp;



All three of the restaurant stocks on this list are down in 2024, with Portillo&rsquo;s doing the worst, down by 15%. The operator of fast-casual restaurants serving Chicago-style food went public in October 2021 at <a href="https://investors.portillos.com/news-releases/news-release-details/portillos-inc-announces-pricing-initial-public-offering">$20 a share</a>. Its shares currently trade 34% below its initial public offering (IPO) pricing.&nbsp;



When it went public, it had 67 locations in nine states. Today, <a href="https://investors.portillos.com/news-releases/news-release-details/portillos-inc-announces-fourth-quarter-and-fiscal-year-2023">84</a> are open in 10 states, up from 72 at the end of 2022. In 2023, it opened locations in Arizona, Florida, Illinois and Texas. In 2024, it plans to open at least nine locations.



For its business in 2024, Portillo&rsquo;s expects 12-15% restaurant unit growth, same-store sales growth in the low single digits revenue growth in the mid-teens and adjusted EBITDA growth in the low teens.



In late March, Jefferies analysts <a href="https://www.investing.com/news/company-news/portillos-stock-pt-cut-but-jefferies-maintains-buy-on-solid-fundamentals-93CH-3356826">cut</a> Portillo&rsquo;s price target by $3 to $21. However, it maintained its &ldquo;buy&rdquo; rating on the stock, suggesting that the company will continue to be successful with its expansion plans outside the Chicago area. Skeptics have overstated concerns about the restaurant operator&rsquo;s financials and business, but I think it&rsquo;s another value buy.



On the date of publication, Will Ashworth 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>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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						<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>
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						<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>
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The post <a href="https://investorplace.com/2024/04/wall-street-favorites-3-restaurant-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Wall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for April 2024