Evil Empire Designs Stock (OTC:EVVL), Trade Ideas

Evil Empire Designs Inc is engaged in designing and manufacturing customizing motorcycles. The company designs aftermarket parts and accessories for the female motorcyclist who wants to express themselves with an original style of their own. It offers a line of custom parts and accessories for Harley Davidson or metric motorcycles.

EVIL EMPIRE DESIGNS INC. by Evil Empire Designs Inc.

Evil Empire Designs Inc

Baird analyst Ghansham Panjabi maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Neutral and raises the price target from $300 to $310.

News

Price Target

Analyst Ratings

Baird Maintains Neutral on Sherwin-Williams, Raises Price Target to $310

Sterling Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBT#NASDAQ">SBT</a>) reported quarterly sales of $15.133 million which missed the analyst consensus estimate of $15.460 million by 2.12 percent. This is a 15.71 percent decrease over sales of $17.954 million the same period last year.

Earnings

Earnings Misses

Sterling Bancorp Q1 Sales $15.133M Miss $15.460M Estimate

Guidance

PROG Holdings Sees Q2 Total Revenues of $550M-$575M (Est $565.93M), Adj EPS Of $0.65-$0.75 (Est $0.69)

Equifax Workforce Solutions Launches Forms HQ, A New Offering Designed To Help Automate The Delivery, Completion, And Tracking Of Essential Employee Forms

WIIM

BIIB

Biogen shares are trading higher following a Q1 EPS beat.

Baird analyst Craig Kennison maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Outperform and lowers the price target from $58 to $54.

Baird Maintains Outperform on LKQ, Lowers Price Target to $54

PROG Holdings Raises FY24 Adj EPS Outlook From $2.70-$3.00 To $2.85-$3.10 (Est $2.86); Total Revenues Forecast From $2.235B-$2.335B To $2.285B-$2.36B, (Est $2.324B)

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Wedbush boosted the price target for Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) from $220 to $225. Wedbush analyst Scott Devitt maintained an Outperform rating. Amazon shares rose 1.3% to close at $179.54 on Tuesday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark increased Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $325 to $375. Benchmark analyst Matthew Harrigan maintained a Buy rating. Spotify shares climbed 11.4% to close at $303.31 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised the price target for General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) from $48 to $52. Mizuho analyst Vijay Rakesh maintained a Buy rating. General Motors shares gained 4.4% to close at $45.10 on Tuesday. <a href="https://www.benzinga.com/quote/GM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc cut Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) price target from $48 to $40. Keybanc analyst Justin Patterson maintained an Overweight rating. Pinterest shares rose 0.9% to close at $33.02 on Tuesday. <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush slashed the price target for MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) from $2,000 to $1,800. Wedbush analyst Scott Devitt maintained an Outperform rating. MercadoLibre shares rose 2% to close at $1,395.00 on Tuesday. <a href="https://www.benzinga.com/quote/MELI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) price target from $259 to $271. Baird analyst Catherine Schulte maintained an Outperform rating. Danaher shares gained 7.2% to close at $253.11 on Tuesday. <a href="https://www.benzinga.com/quote/DHR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche slashed the price target for MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) from $613 to $569. Deutsche Bank analyst Faiza Alwy upgraded the stock from Hold to Buy. MSCI shares fell 13.4% to close at $446.00 on Tuesday. <a href="https://www.benzinga.com/quote/MSCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham raised CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) price target from $90 to $107. Needham analyst Mayank Tandon maintained a Buy rating. CoStar Group shares fell 0.8% to close at $84.62 on Tuesday. <a href="https://www.benzinga.com/quote/CSGP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho lowered Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $195 to $180. Mizuho analyst Vijay Rakesh maintained a Neutral rating. Tesla shares rose 1.9% to close at $144.68 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities cut The Children&#8217;s Place, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) price target from $12 to $7. B. Riley Securities analyst Jeff Lick upgraded the stock from Sell to Neutral. Children&#8217;s Place shares fell 5% to close at $7.16 on Tuesday. <a href="https://www.benzinga.com/quote/PLCE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38396305/tesla-boeing-and-3-stocks-to-watch-heading-into-wednesday">Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>

Pre-Market Outlook

Markets

Trading Ideas

AMZN

CSGP

MELI

MSCI

PINS

PLCE

SPOT

TSLA

Tesla To $180? Here Are 10 Top Analyst Forecasts For Wednesday

United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.49 by 6.12 percent. The company reported quarterly sales of $238.736 million which beat the analyst consensus estimate of $232.017 million by 2.90 percent. This is a 1.22 percent decrease over sales of $241.679 million the same period last year.

Earnings Beats

UCBI

United Community Banks Q1 2024 Adj EPS $0.52 Beats $0.49 Estimate, Sales $238.736M Beat $232.017M Estimate

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has set a <a href="https://www.benzinga.com/news/large-cap/24/01/36686998/meta-platforms-zuckerberg-announces-major-ai-initiatives-7-things-you-need-to-know">goal of buying 350,000 Nvidia Corp.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 GPUs by 2024 to power its AI ambitions, but that was not Mark Zuckerberg's original intention.
What Happened: Zuckerberg revealed that Meta's massive $1 billion bet on Nvidia's H100 GPUs was originally meant to be used for a different product, not AI.
In a recent episode on Dwarkesh Patel's podcast, Zuckerberg spilled the beans on something previously unknown – those 350,000 Nvidia H100 GPUs were to help make Instagram Reels better, not to help make Meta a leading AI company.
See Also: <a href="https://www.benzinga.com/news/24/04/38358203/mark-zuckerberg-wont-just-open-source-instagrams-code-but-would-he-do-it-for-a-10b-ai-model-he-says">Mark Zuckerberg Won&#8217;t Just Open-Source Instagram&#8217;s Code But Would He Do It For A $10B AI Model? He Says, Well…</a>
But how did Zuckerberg even know Meta would need $1 billion worth of GPUs? Zuckerberg explains that Instagram Reels is what made the company take the plunge.
"It was because we were working on Reels."
He explains that Meta needed more GPUs to "train the models" behind Reels recommendations.
"We made this big push to start recommending what we call unconnected content," he added, explaining that this resulted in the number of recommendable Reels rising from thousands to "hundreds of millions."
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.
Zuckerberg wanted to make Instagram Reels as addictive as TikTok, but Meta's infrastructure was proving to be the bottleneck.
"We have to make sure that's never an issue again, so let's order enough GPUs to do what we need to do on Reels." That's where the 350,000 Nvidia H100 GPUs come in.
Training large AI models like Llama was an unintended but fruitful coincidence for Meta, and Zuckerberg thinks it "ended up being a very good decision, in retrospect."
Why It Matters: Meta says that its latest AI model, <a href="https://www.benzinga.com/news/24/04/38330339/mark-zuckerbergs-meta-says-llama-3-beats-googles-gemini-mistral-and-jeff-bezos-backed-anthropics-cla">Llama 3, has outperformed</a> Alphabet Inc.'s Google Gemini, Anthropic's Claude 3, and Mistral AI's model.
The Llama 3 model, which comes in two sizes with 8B and 70B parameters, has shown significant improvements in text-based responses, including answering prompts and refusing fewer times.
This comes after Anthropic announced that <a href="https://www.benzinga.com/news/24/03/37481165/this-google-backed-ai-model-could-help-sundar-pichai-achieve-what-gemini-couldnt-beat-openais-gpt-4">Claude 3 outperformed</a> rivals like Microsoft Corp.-backed OpenAI's GPT-4.
Interestingly, Meta did not mention GPT-4 in its comparison, but OpenAI is expected to release a <a href="https://www.benzinga.com/news/24/03/37838131/openai-is-reportedly-gearing-up-to-release-a-significantly-better-gpt-5-by-mid-year">"significantly better"</a> GPT-5 model later this year.
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<iframe loading="lazy" title="Mark Zuckerberg - Llama 3, $10B Models, Caesar Augustus, &amp; 1 GW Datacenters" width="500" height="281" src="https://www.youtube.com/embed/bc6uFV9CJGg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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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/24/04/38398735/jeff-bezos-backed-perplexity-ai-is-now-a-unicorn-after-latest-fundraise-softbanks-masayoshi-son-nvid">Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank&#8217;s Masayoshi Son, Nvidia &#8216;Doubled Down&#8217; On Support</a>
Photo courtesy: Shutterstock

Social Media

Tech

NVDA

Meta's Massive $1B Bet On Nvidia H100 GPU Cluster Will Dwarf Every Other Company's Target, But Zuckerberg Reveals Original Goal Was This, Not AI

Nextech3D.ai Selects AWS As Its Primary Cloud Provider To Drive Innovation In The 3D Modeling For Ecommerce Industry

FirstService (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSV#NASDAQ">FSV</a>) reported quarterly earnings of $0.67 per share which missed the analyst consensus estimate of $0.73 by 8.22 percent. The company reported quarterly sales of $1.158 billion which beat the analyst consensus estimate of $1.124 billion by 3.02 percent. This is a 13.75 percent increase over sales of $1.018 billion the same period last year.

FirstService Q1 2024 Adj EPS $0.67 Misses $0.73 Estimate, Sales $1.158B Beat $1.124B Estimate

Lithia Motors, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) reported first-quarter FY24 sales growth of 23% year-on-year to $8.56 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38397562/lithia-driveway-lad-reports-record-first-quarter-revenue-of-8-6-billion-23-increase" rel="noreferrer noopener">beating the analyst consensus estimate of $8.54 billion</a>.
New vehicle&nbsp;same store&nbsp;units grew by 3.6 %. New vehicle retail revenues increased 22.4%&nbsp;Y/Y,&nbsp;and used vehicle retail revenues jumped 25.7%.
GreenCars monthly unique visitors (MUVs) increased by 71%, and Driveway Finance Corporation (DFC) originated approximately $493 million in loans.
Total vehicle gross profit per unit was $4,346. Gross profit rose 10.2% Y/Y to $1.3 billion, and the gross margin contracted 180 basis points to 15.6%.
Operating margin was 4%, and operating income for the quarter fell 9.9% to $341.4 million.
Adjusted EPS of $6.11&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $7.89.</a>
Lithia held $440.5 million in cash and equivalents as of March-end. Operating cash flow for the quarter totaled $292.4 million.
Adjusted EBITDA decreased 11% to $361.5 million. Net debt grew 21.1% Y/Y to $3.86 billion as of March-end.
The Board of Directors approved a dividend of $0.53 per share, to be paid on May 24, to shareholders of record on May 10. Under the current share repurchase authorization, approximately $451.7 million remains available.
&#8220;Responding to market conditions, we are rebalancing our capital allocation from acquisitions toward returns to our shareholders, with the long-term target of delivering $2 in EPS per billion in revenues,&#8221; said President and CEO Bryan DeBoer.
Price Action: LAD shares traded lower by 3.55% at $255.10 premarket Wednesday.

Equities

Movers

General

Why Is Lithia Motors Stock Sliding Today?

Oppenheimer analyst Jake Kooyman maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $297 to $299.

Oppenheimer Maintains Outperform on Visa, Raises Price Target to $299

MDJH

MDJM Announced That Its Wholly Owned Subsidiary, Mansions Catering And Hotel, Has Entered Into A Collaboration With Miansu Sculpting Artist, Mingyuan Chen

AT&T shares are trading higher, reversing from earlier weakness. The company reported mixed Q1 earnings but reiterated guidance above estimates.

AMST

Amesite shares are trading higher after the company announced the Beta release of its NurseMagic app.

PROG Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) reported quarterly earnings of $0.91 per share which beat the analyst consensus estimate of $0.82 by 10.98 percent. The company reported quarterly sales of $641.870 million which beat the analyst consensus estimate of $633.362 million by 1.34 percent. This is a 2.03 percent decrease over sales of $655.140 million the same period last year.

PROG Holdings Q1 2024 Adj EPS $0.91 Beats $0.82 Estimate, Sales $641.870M Beat $633.362M Estimate

Stock Yards Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYBT#NASDAQ">SYBT</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.81 by 8.64 percent. This is a 11.11 percent decrease over earnings of $0.99 per share from the same period last year.

SYBT

Stock Yards Bancorp Q1 EPS $0.88 Beats $0.81 Estimate

Oppenheimer analyst Scott Schneeberger maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Outperform and raises the price target from $153 to $157.

Oppenheimer Maintains Outperform on United Parcel Service, Raises Price Target to $157

Press Releases

Evil Empire Designs Inc (EVVL) Finalizes Agreement to Purchase Trendmark Industries

Aftermarket Indian Motorcycle Parts Purchase Agreement with Trendmark Industries; Super Tight Stock Structure: Evil Empire Designs (Stock Symbol: EVVL)

EVVL

Evil Empire Designs