Ensurge Micropower ASA ADR Stock (OTC: ENMPY)

Latest News for Ensurge Micropower ASA ADR Stock (OTC:ENMPY)

Ensurge Micropower ASA ADR

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly losses of $(0.35) per share which missed the analyst consensus estimate of $(0.20) by 75 percent. The company reported quarterly sales of $166.120 million which beat the analyst consensus estimate of $154.726 million by 7.36 percent. This is a 0.88 percent decrease over sales of $167.591 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

CVEO

Civeo Q1 2024 GAAP EPS $(0.35) Misses $(0.20) Estimate, Sales $166.120M Beat $154.726M Estimate

WIIM

Exxon Mobil shares are trading lower following a Q1 earnings miss.

Editor&#8217;s note: This story was updated with background and context for the NHTSA&#8217;s investigation.
The U.S. auto safety regulator has initiated an investigation into Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) proposed remedy for <a href="https://www.benzinga.com/news/23/12/36212289/tesla-issues-massive-recall-of-over-2m-vehicles-over-autosteer-concerns" target="_blank" rel="noreferrer noopener">the recall of over 2 million vehicles</a> issued in December.
What Happened:&nbsp;In December, Tesla recalled 2.03 million vehicles — its largest ever — equipped with all versions of Autosteer, citing insufficient controls to prevent misuse. The company announced it would address the issue through a software update.
However, concerns arose following post-remedy crash events and preliminary tests conducted by the National Highway Traffic Safety Administration&#8217;s Office of Defects Investigation. Consequently, the agency has launched a &#8220;recall query investigation.&#8221;
Why It Matters:&nbsp;The recall, affecting Tesla&#8217;s high-end models S and X, as well as the lower-end Model 3 and Y vehicles manufactured between 2012 and 2023, stemmed from an NHTSA investigation initiated in August 2021.&nbsp;
The investigation&nbsp;was prompted&nbsp;by eleven incidents involving stationary first-responder vehicles and Tesla cars with Autosteer enabled.
Despite not concurring with the agency&#8217;s analysis, Tesla opted to recall the vehicles to resolve the investigation.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38452299/tesla-ceo-elon-musk-denies-human-rights-abuses-in-most-ev-battery-production-those-that-do-use-very" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: ‘Those That Do…Use Very Little'</a>

Government

Regulations

Tech

TSLA

Did Tesla's Software Update Fix Autosteer Problems For 2M Cars? NHTSA Starts Probing (UPDATED)

JP Morgan analyst Joseph Greff downgrades Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Overweight to Neutral and lowers the price target from $80 to $67.

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Boyd Gaming to Neutral, Lowers Price Target to $67

Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reported quarterly earnings of $2.06 per share which missed the analyst consensus estimate of $2.20 by 6.36 percent. The company reported quarterly sales of $83.083 billion which beat the analyst consensus estimate of $78.352 billion by 6.04 percent. This is a 4.02 percent decrease over sales of $86.564 billion the same period last year.

Exxon Mobil Q1 2024 Adj EPS $2.06 Misses $2.20 Estimate, Total Revenues And Other Income $83.083B Beat $78.352B Estimate

Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. The company reported quarterly sales of $430.638 million which beat the analyst consensus estimate of $427.891 million by 0.64 percent. This is a 28.41 percent increase over sales of $335.357 million the same period last year.

Barnes Gr Q1 2024 Adj EPS $0.38 Beats $0.36 Estimate, Sales $430.638M Beat $427.891M Estimate

JP Morgan analyst Kenneth Worthington downgrades AssetMark Financial Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMK#NYSE">AMK</a>) from Overweight to Neutral and announces $37 price target.

JP Morgan Downgrades AssetMark Financial Hldgs to Neutral, Announces $37 Price Target

Linde Expanded Production Capacity At Mims By 50%, Following Similar Project In 2020 That Doubled Output; Company Says It Will Meet Demand For Oxygen, Nitrogen And Argon From Customers Across Healthcare, Manufacturing, Food Processing And Water Treatment

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Friday.
Shares of Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares fell sharply in today&#8217;s pre-market trading after the company reported worse-than-expected first-quarter sales results and issued EPS <a href="https://www.benzinga.com/news/earnings/24/04/38444720/intel-shares-fall-on-q1-revenue-miss-weak-q2-eps-guidance">guidance below estimates.</a>
Quarterly sales came in at $12.72 billion, which missed the analyst consensus estimate of $12.78 billion. Intel said it sees second-quarter earnings of 10 cents per share, versus the 10 cent estimate, and revenue in a range of $12.5 billion to $13.5 billion, versus the $12.68 billion estimate, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Intel shares tumbled 7.2% to $32.57 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) shares declined 12.6% to $55.00 in pre-market trading after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares fell 5.8% to $4.41 in pre-market trading after dipping 19% on Thursday.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares declined 5.3% to $130.70 in pre-market trading after the company reported first-quarter financial results.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares fell 5.3% to $188.00 in pre-market trading after the company reported third-quarter financial results. Atlassian said Scott Farquhar has decided to step down from his role as co-CEO, effective Aug. 31. Cannon-Brookes will continue to lead Atlassian as CEO.</li>
<li>ACM Research, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) fell 4.6% to $27.00 pre-market trading after announcing preliminary unaudited revenue and shipments for the first quarter.</li>
<li>Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) shares slipped 4.3% to $12.76 in pre-market trading following a wider-than-expected quarterly loss.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares fell 4.2% to $60.17 in pre-market trading after the company reported first-quarter financial results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38452336/investor-sentiment-improves-slightly-but-dow-tumbles-over-350-points">Investor Sentiment Improves Slightly, But Dow Tumbles Over 350 Points</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Pre-Market Outlook

Markets

Movers

ACMR

DXCM

INTC

ROKU

TDOC

TEAM

Intel Reports Weak Sales, Joins Boyd Gaming, Atlassian And Other Big Stocks Moving Lower In Friday's Pre-Market Session

JP Morgan analyst Mark Murphy maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Overweight and raises the price target from $440 to $470.

MSFT

JP Morgan Maintains Overweight on Microsoft, Raises Price Target to $470

Needham analyst Mike Matson maintains ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) with a Buy and raises the price target from $224 to $236.

Needham Maintains Buy on ResMed, Raises Price Target to $236

Company&nbsp;will discuss its full financial results for the&nbsp;first quarter&nbsp;2024 and its revenue&nbsp;outlook&nbsp;for the remainder of the year on its earnings call on Wednesday, May 8, 2024, at 8 a.m. Eastern Time (8 p.m. China Time).

ACM Research, Re-affirms Full Year 2024 Revenue Outlook In The Range Of $650M-$725M Vs. $701.7M Estimate, Which Would Represent Year-to-year Growth Of 17%-30%

For fiscal year 2024, the Company projects approximately:
<ul>
<li>Net sales of&nbsp;$2.95 billion&nbsp;to&nbsp;$3.0 billion&nbsp;($2.95 billion&nbsp;in fiscal 2023);</li>
<li>Comparable to mid-single-digit growth in adjusted operating income ($328 million&nbsp;in fiscal 2023);</li>
<li>Low to mid-single-digit growth in adjusted diluted earnings per share ($6.19&nbsp;in fiscal 2023);</li>
<li>Operating cash flow in excess of&nbsp;$250 million; and</li>
<li>Capital expenditures of&nbsp;$80 million.</li>
</ul>
Our forecast for fiscal year 2024 assumes:
<ul>
<li>Improved macroeconomic environment and consumer demand as the year progresses, with a return to low single-digit comparable sales growth in U.S. Retail in the second half;</li>
<li>Continued conservative inventory commitments by some wholesale customers;</li>
<li>Gross margin expansion;</li>
<li>Increased SG&amp;A, reflecting higher growth-related investments and inflation, partially offset by productivity initiatives;</li>
<li>Lower net interest expense;</li>
<li>Higher effective tax rate; and</li>
<li>Continued return of capital.</li>
</ul>

Guidance

Carter's 2024 Outlook: Expects Net Sales Of $2.95B-$3.0B Vs. $2.959B Consensus; Sees Adjusted EPS Growth Of Low To Mid-Single-Digit And Operating Cash Flow In Excess Of $250M

For the&nbsp;second quarter&nbsp;of fiscal 2024, the Company expects approximately:
<ul>
<li>$560 million&nbsp;to&nbsp;$570 million&nbsp;in net sales ($600 million&nbsp;in&nbsp;Q2&nbsp;fiscal 2023);</li>
<li>$25 million&nbsp;to&nbsp;$30 million&nbsp;in adjusted operating income ($38 million&nbsp;in&nbsp;Q2&nbsp;fiscal 2023); and</li>
<li>$0.35&nbsp;to&nbsp;$0.45&nbsp;in adjusted diluted earnings per share ($0.64&nbsp;in&nbsp;Q2&nbsp;fiscal 2023).</li>
</ul>
Our forecast for the&nbsp;second quarter&nbsp;of fiscal 2024 assumes:
<ul>
<li>Continued inflationary pressure on families with young children;</li>
<li>Slow start to Spring selling, we believe due to the late arrival of warmer weather;</li>
<li>Improved gross margin;</li>
<li>Comparable SG&amp;A;</li>
<li>Lower net interest expense and effective tax rate; and</li>
<li>Continued return of capital.</li>
</ul>

Carter's Q2 Outlook: Expects Net Sales of $560M-$570M Vs. $613M Consensus; Sees Adjusted EPS of $0.35-$0.45 Vs. $0.80 Consensus

Needham analyst Joseph Stringer reiterates Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Hold.

Reiteration

GILD

Needham Reiterates Hold on Gilead Sciences

ACM Research Says Preliminary Unaudited Revenue For Q1 Is Expected To Be $150M-$152M Vs. $152.41M Estimate; Preliminary Total Shipments Are Expected To Be In The Range Of $235M-$240M

JP Morgan analyst Jeffrey Zekauskas upgrades Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from Neutral to Overweight and raises the price target from $55 to $61.

Upgrades

JP Morgan Upgrades Dow to Overweight, Raises Price Target to $61

Wolfe Research analyst Deepak Mathivanan maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $180 to $200.

GOOG

GOOGL

Wolfe Research Maintains Outperform on Alphabet, Raises Price Target to $200

Chevron Q1 Worldwide Production +12% Y/Y

As the &#8220;meme coin supercycle&#8221; chugs on, several traders have chipped in with lofty price predictions about which meme coins could <a href="https://editorial.benzinga.com/wp-admin/What%20DOGE%20And%20SHIB%20Holders%20Can%20Learn%20From%20This%20Meme%20Coin%20Millionaire's%20Trading%20Strategies">net traders massive gains</a>.
What Happened:  Pseudonymous cryptocurrency influencer Crash, who famously turned $15,000 into over $5 million with a meme coin, predicted several new memes to emulate the success of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), and Floki Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) in the previous cycle:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DOGE SHIB FLOKI made ppl rich last cycle This cycle it's BRETT on Base BOBO on eth PEPE on ETH REDO on TON Yes these are my meme bags. And yes they are and will continue to outperform 99.999% this cycle <a href="https://t.co/yRxZNABPgx">pic.twitter.com/yRxZNABPgx</a>
&mdash; Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1782766161261658295?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For this cycle, Brett (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BRETT</a>) on Base, Bobo (BOBO) on Ethereum, Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) on Ethereum, and Resistance Dog (REDO) on TON will be the top performers, outperforming 99.999% of other cryptocurrencies, according to Crash.
Another notable trader, Vapor, <a href="https://twitter.com/trading_vapor/status/1783048913139777845">argues</a> that while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is widely recognized as the &#8220;hardest asset on earth,&#8221; the best way for investors with small capital to accumulate more Bitcoins is by &#8220;playing the altcoin game.&#8221; He states that &#8220;alt-seasons are where life-changing money is made.&#8221;
However, the tweet highlights that the altcoin landscape has changed, and asset selection now matters more than ever. They attribute this to two main factors:
<ul>
<li>Increasing recognition of Bitcoin as a flight to safety</li>
<li>Difficulty in finding obvious criteria to select good altcoins amid a sheer number of available options and complex fundamentals.</li>
</ul>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">Only Dogecoin And Shiba Inu Have Crossed The $10B Meme Coin Mark: &#8216;Who Will Be The Third?,&#8217; Muses Crypto Whale</a>
Why It Matters:  The trader notes that the public struggles to understand the complex narratives surrounding many altcoins, making it challenging for them to differentiate between various projects. Altcoin selection as a process is self-reinforcing and is why meme coins outperform during bull runs.
Notable trader Mister Crypto <a href="https://twitter.com/misterrcrypto/status/1783220972998242760">points</a> to Dogecoin and Shiba Inu making millions for those who were early to the meme coin cycle. He picks Pepe, Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>), Brett, and Myro (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MYRO</a>) as the meme coins that will explode this cycle and make traders big money.
Another trader <a href="https://twitter.com/intuitio_/status/1783239411263500713">assumes</a> that if Dogecoin peaks to $100 billion in this cycle from the total 300 billion meme coin valuation, smaller ones will total $50 billion, leaving $150 billion for Pepe and many others. He is curious to see which meme coin will come closest to Doge&#8217;s market cap.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>
Image: Shutterstock

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