Greenbrier Companies Stock (NYSE:GBX), Trade Ideas

Greenbrier Companies

Greenbrier Companies Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe, marine barges in North America and provides wheel services, railcar refurbishment, and parts, leasing and other services to the railroad. Its segments include Manufacturing, Maintenance Services and Leasing & Management Services. The company generates a majority of its revenue from the manufacturing segment. Geographically, it derives a majority of revenue from the United States.

Earnings

News

Short Ideas

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

The Nasdaq 100 closed lower by around 300 points on Friday. Investors, meanwhile, focused on some notable insider trades.

Dollar General, Greenbrier Companies And 2 Other Stocks Insiders Are Selling

It is an exciting time for Greenbrier Companies (NYSE: GBX) investors, although it isn&#39;t exactly an exciting company. The business manufactures, markets, services and leases railroad cars.

All-Aboard! Greenbrier Companies Breaks Out, New Highs Ahead

GBX Logo

Analyst Color

Equities

Price Target

Reiteration

Analyst Ratings

General

Stephens analyst Justin Long reiterated an Overweight rating on the shares of Greenbrier Companies and raised the price target from $62 to $65.

Greenbrier Companies Remains Poised For Positive Momentum, Says Analyst

Greenbrier Companies, Inc. (The) Common Stock

Greenbrier Companies Inc

GBX INTERNATIONAL GROUP by GBX International Group Inc.

GBX International Group Inc

GRAND BAOXIN AUTO UNS/ADR by Grand Baoxin Auto Group Ltd.

Grand Baoxin Auto Group Ltd

Martin R. Baker, Senior Vice President at Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>), disclosed an insider sell on April 16, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000923120/000092312024000029//Archives/edgar/data/923120/000092312024000029/0000923120-24-000029-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Baker sold 4,480 shares of Greenbrier Companies. The total transaction value is $234,764.
Greenbrier Companies's shares are actively trading at $51.73, experiencing a up of 0.81% during Wednesday's morning session.
<h3>Discovering Greenbrier Companies: A Closer Look</h3>
Greenbrier Companies Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe, marine barges in North America and provides wheel services, railcar refurbishment, and parts, leasing and other services to the railroad. Its segments include Manufacturing, Maintenance Services and Leasing &amp; Management Services. The company generates a majority of its revenue from the manufacturing segment. Geographically, it derives a majority of revenue from the United States.
<h3>Key Indicators: Greenbrier Companies's Financial Health</h3>
Revenue Growth: Greenbrier Companies's revenue growth over a period of 3 months has faced challenges. As of 29 February, 2024, the company experienced a revenue decline of approximately -23.11%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: With a low gross margin of 14.16%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Greenbrier Companies's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.08.
</li>
</ul>
Debt Management: Greenbrier Companies's debt-to-equity ratio stands notably higher than the industry average, reaching 1.38. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 15.14 is lower than the industry average, implying a discounted valuation for Greenbrier Companies's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.46 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 9.14, Greenbrier Companies presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000923120">Check Out The Full List Of Greenbrier Companies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Martin R. Baker Unloads $234K Of Greenbrier Companies Stock

The Nasdaq 100 closed lower by around 300 points on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Dollar General </h3>
<ul>
<li>The Trade: Dollar General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>) Director Ralph Santana <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 3,009 shares </a> at an average price of $155.72. The insider received around $468,568 from selling those shares.</li>
<li>What&rsquo;s Happening: On April 2, Evercore ISI Group analyst Michael Montani maintained Dollar General with an In-Line and lowered the price target from $162 to $160.</li>
<li>What Dollar General Does: With over 20,000 locations, Dollar General&#39;s banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Greenbrier Companies</h3>
<ul>
<li>The Trade: The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) SVP, COO, The Americas William J. Krueger <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 8,800 shares </a> at an average price of $52.87. The insider received around $465,252 from selling those shares.</li>
<li>What&rsquo;s Happening: On April 5, the company said Rrvenue declined to $862.7 million in the second quarter from $1.122 billion a year ago but was above the consensus of $843.3 million.</li>
<li>What Greenbrier Does: Greenbrier Companies Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe, marine barges in North America and provides wheel services, railcar refurbishment, and parts, leasing and other services to the railroad.</li>
</ul>
<h3>BJ&#39;s Wholesale Club </h3>
<ul>
<li>The Trade: BJ&#39;s Wholesale Club Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>) EVP, Chief Digital Officer Monica Schwartz <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 13,578 shares </a> at an average price of $78.81. The insider received around $1.07 million from selling those shares.</li>
<li>What&rsquo;s Happening: On April 8, Goldman Sachs analyst Kate McShane upgraded BJ&#39;s Wholesale Club from Neutral to Buy and raised the price target from $81 to $87..</li>
<li>What BJ&#39;s Wholesale Club Does: BJ&#39;s Wholesale Club Holdings Inc is a warehouse club and gas station operator.</li>
</ul>
<h3>Designer Brands </h3>
<ul>
<li>The Trade: Designer Brands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dbi#NYSE">DBI</a>) Director Harvey L Sonnenberg <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 9,000 shares </a> at an average price of $8.65. The insider received around $77,868 from selling those shares.</li>
<li>What&rsquo;s Happening: On March 21, Designer Brands reported fourth-quarter financial results and said its total comparable sales decreased by 7.3%.</li>
<li>What Designer Brands Does: Designer Brands Inc is a designer, producer, and retailer of footwear and accessories.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38242049/goldman-sachs-charles-schwab-and-3-stocks-to-watch-heading-into-monday"> Goldman Sachs, Charles Schwab And 3 Stocks To Watch Heading Into Monday </a>

It is an exciting time for Greenbrier Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) investors, although it isn&#39;t exactly an exciting company. The business manufactures, markets, services and leases railroad cars. The takeaway from the FQ2 results is that business is solid, and the outlook is firming: an outlook for sustained operational quality, a pivot back to growth and widening margins. What this means for investors is that the lightly-valued, 2.25% yielding stock is on track to continue rallying higher in 2024 and will likely set new long-term highs by year end.&nbsp;
<h2>Greenbrier Companies Exceeds Expectations and Guides Higher</h2>
Greenbrier Companies had a decent quarter&nbsp;in Q2 despite the YOY decline in business. The decline is primarily due to transportation market normalization following the supply chain hiccups of 2021 and 2023, and a revenue trough is forming. The $863 million in net revenue is 250bps better than expected, and the margin details are also solid. All operating segments were strong, with sequential growth in the primary manufacturing segment approaching 10%.&nbsp;
The margin is good. The company experienced some contraction sequentially, but the margin expanded compared to last year, providing a slight earnings growth on the bottom line. The GAAP $1.03 is 13 cents better than the consensus reported by Marketbeat and two cents better than last year.&nbsp;
New Orders, Backlog and guidance all support the outlook for continued sequential improvement and a pivot back to growth. New orders grew by 5,900 units and outpaced deliveries. The net increase in new orders increased the backlog, which stands at 29,200 units and is rising. The backlog is enough to sustain operations at current levels for nearly 18 months and plays into the guidance.&nbsp;
The company raised its guidance for FY revenue and earnings to a range with a midpoint above the consensus, and guidance may be cautious due to underlying business momentum and the FOMC. The timing of FOMC rate cuts is questionable, but cuts are coming and will accelerate economic activity when they do. Until then, economic activity is resilient.&nbsp;
<h2>Greenbrier&#39;s Capital Returns Are Safe for 2024 and 2025</h2>
Greenbrier offers a value-yield opportunity that income investors will like. The stock yields about 2.25%, trading at only 12.7x its earnings outlook, which is favorable. The yield is only 30% of earnings, with earnings forecast to grow this year and next. The balance sheet is healthy, bordering on fortress quality, with net debt running at 1x equity and 0.25x assets.&nbsp;
The company&#39;s cash flow also allows for share repurchases, which have the average diluted count down by 3.7% at the end of the quarter. Because the company&#39;s balance sheet and cash flow are unencumbered and it increased the distribution last year, there is a chance GBX stock will raise the distribution again this year. If so, it will likely happen at the end of the current quarter when Q3 results are released.&nbsp;&nbsp;
<h2>Analysts Lead GBX Stock to New Highs</h2>
Analysts&#39; sentiment in GBX stock is shifting for the better and leading the market higher. The post-release activity has the sentiment up to Hold from Reduce and the price target rising. The consensus lags behind the market but is up 25% in 30 days, with the freshest targets ranging from $60 to $65. A move to $60 is worth more than 1000bps and puts the stock at a five-year high, on track for a fresh decade high.&nbsp;
The insiders are a risk, as they own about 2.55% of the company and are selling into the rally. They are unlikely to cap gains indefinitely but may cause volatility as the market advances. Institutional activity offsets the insiders&#39; buying and has their ownership on the rise. Institutions own nearly 96% of the stock and are unlikely sellers because of the outlook for operations, cash flow and capital returns.&nbsp;
<img alt="Chart showing how GBX moves to new highs after solid results and analysts raise price targets" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240409072304_chart-gbx-492024ver001.png" style="height:450px; width:914px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/all-aboard-greenbrier-companies-breaks-out-new-highs-ahead/">All-Aboard! Greenbrier Companies Breaks Out, New Highs Ahead</a>&quot; first appeared on MarketBeat.

Susquehanna analyst Bascome Majors maintains Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) with a Positive and raises the price target from $56 to $63.

Susquehanna Maintains Positive on Greenbrier Companies, Raises Price Target to $63

Stephens&nbsp;analyst Justin Long reiterated an&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/GBX/analyst-ratings" rel="noreferrer noopener">Overweight rating&nbsp;</a>on the shares of&nbsp;Greenbrier Companies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) and raised the price target from $62 to $65.
GBX reported fiscal 2Q24 adj. EPS of $1.03 that was&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38112527/why-rail-transport-company-greenbriers-shares-are-trading-higher-today" rel="noreferrer noopener">above the consensus of $0.86.</a>
The analyst added that the beat was primarily driven by higher-than-expected gains on sale and a lower-than-anticipated tax rate.
As a result, the analyst raised FY24 adj. EPS estimate to $4.20 (from $3.95) and FY25 adj. EPS estimate to $4.50 (from $4.25).
Due to Greenbrier achieving the high end of the provided guidance in 1H24 and increasing production levels in 2H24, the analyst noted the margin guidance of low-to-mid teens could prove conservative.
The analyst noted that orders accelerating over the course of the quarter, along with strong inquiries for 3Q24, will continue to enhance GBX&#8217;s production visibility into FY25.
Greenbrier continues to make strides in driving improved manufacturing margins and the analyst would not be surprised to see continued sequential improvements in manufacturing margins.
As GBX continues to invest in its lease fleet, the analyst noted the company is well on its way to achieving its target of doubling recurring revenue in the leasing &amp; management services segment.
The analyst is encouraged by the recent improvement in new railcar orders, particularly given the weakness in the freight market and uncertain economic backdrop.
The earnings power of the business will outpace expectations, added the analyst.
Price Action: GBX shares are trading higher by 3.16% at $54.84 on the last check Monday.

Stephens &amp; Co. analyst Justin Long maintains Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) with a Overweight and raises the price target from $62 to $65.

Stephens & Co. Maintains Overweight on Greenbrier Companies, Raises Price Target to $65

The Greenbrier Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) reported the second<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38108676/greenbrier-reports-second-quarter-results" rel="noreferrer noopener">&nbsp;quarter of FY24 results</a>.&nbsp;
Revenue declined to $862.7 million from $1.122 billion a year ago but was above the consensus of $843.3 million.&nbsp;
The company&#8217;s lease fleet utilization was 99%, and fleet size increased by 500 to 14,600 units.
GBX has secured orders for 5,900 new railcars worth $690 million and delivered 5,600 units in the quarter.&nbsp;
As of February 29, 2023, the new railcar backlog stood at 29,200 units with an estimated value of $3.6 billion.
EBITDA came in at $95.0 million, with a margin of 11%. EPS of $1.03&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">topped the consensus of $0.86</a>.
As of February 29, 2024,&nbsp;cash and equivalents stood at $272 million.
Dividend: The company&#8217;s quarterly dividend per share of 30 cents is payable on May 14, 2024, to shareholders of record as of April 23, 2024.
FY24 Outlook: Greenbrier now expects revenue of $3.50 billion – $3.70 billion (vs. $3.40 billion – $3.70 billion earlier) vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36510916/why-rail-transport-company-greenbriers-shares-are-rising-today" rel="noreferrer noopener">consensus of $3.52 billion</a>.&nbsp;
The company expects to deliver 23,500 – 25,000 units (vs. 22,500 – 25,000 units earlier), including around 1,400 units in Brazil.
GBX now projects capital expenditures of around $140 million in Manufacturing and $15 million in Maintenance Services and sees gross leasing investment of about $350 million in Leasing &amp; Management Services.&nbsp;
The company now anticipates proceeds from equipment sales of around $75 million.
Lorie L. Tekorius, CEO and President said, &#8220;Greenbrier&#8217;s broad product lineup, extensive market relationships, supportive customer experience, and deep commercial origination capabilities combine to create our unique leadership position and enable ongoing success.&#8221;
&#8220;These factors provide revenue visibility while supporting our profitable leasing business, which is growing through the disciplined investment in our leased railcar fleet and robust lease renewals.&#8221;
Investors can gain exposure to the stock via&nbsp;First Trust RBA American Industrial Renaissance ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRR#NASDAQ">AIRR</a>) and&nbsp;Invesco S&amp;P Smallcap 600 Pure Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RZV#NYSE">RZV</a>).
Price Action: GBX shares are up 1.47% at $53.17 on the last check Friday.

Guidance

Movers

AIRR

Rydex ETF Trust S&P Smallcap 600 Pure Value ETF

Why Rail Transport Company Greenbrier's Shares Are Trading Higher Today

Business Update &amp; Outlook
Based on current trends and production schedules, Greenbrier is updating guidance for fiscal 2024:
<ul>
<li>Deliveries of 23,500 – 25,000 units, including approximately 1,400 units in Brazil</li>
<li>Revenue of $3.5 – $3.7 billion</li>
<li>Capital expenditures of approximately $140 million in Manufacturing and $15 million in Maintenance Services</li>
<li>Gross leasing investment of approximately $350 million in Leasing &amp; Management Services, which includes 2024 capital expenditures and transfers of railcars into the lease fleet that were manufactured and subsequently held on the balance sheet in 2023</li>
<li>Proceeds from equipment sales are expected to be approximately $75 million</li>
</ul>

The Greenbrier Companies Sees FY24 Revenue $3.5B-$3.7B Vs $3.52B Est.

Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.86 by 19.77 percent. This is a 4.04 percent increase over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $862.70 million which beat the analyst consensus estimate of $843.28 million by 2.30 percent. This is a 23.11 percent decrease over sales of $1.12 billion the same period last year.

Earnings Beats

Greenbrier Companies Q2 EPS $1.03 Beats $0.86 Estimate, Sales $862.70M Beat $843.28M Estimate

Stock futures point to a higher opening on Friday after a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38100275/clean-energy-semiconductors-among-interest-rate-sensitive-sectors-hammered-thursday-afternoon-on" rel="noreferrer noopener">sell-off in the previous session</a>, suggesting traders are putting their concerns about interest rate hikes behind them. However, the key economic data point of the day — the non-farm payrolls report — could reignite those worries.
Analysts warn that a faster-than-expected rise in average hourly earnings, a key inflation gauge, could aggravate concerns about the Federal Reserve raising rates more aggressively. However, they also suggest that strong economic data, such as a larger-than-expected job gain, might only cause a temporary pullback in the market.
The market will also be closely watching upcoming speeches from Federal Reserve officials, as their comments on inflation and potential rate hikes could significantly impact stock prices. The&nbsp;CBOE Volatility Index&nbsp;(VIX), a measure of market fear, has risen further, highlighting the ongoing volatility.
Futures Today
 Futures Performance On Friday ( as of 6:40 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.37%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.30%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.08%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Friday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.28% to $514.53,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.32% to $436.74 according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Comments from Minneapolis Fed President Neel Kashkari on Thursday spooked the market, leading to a sharp decline in late afternoon trading. Kashkari stated that the Fed wouldn&#8217;t cut rates even if inflation remains stagnant. This triggered broad-based selling, with interest-rate-sensitive sectors and growth stocks suffering the most significant losses. The Dow Jones Industrial Average closed at a one-month low, while the S&amp;P 500 and Nasdaq Composite ended their trading day at their lowest points since mid-March.
Quincy Krosby, Chief Global Strategist at LPL Financial, said, &#8220;What Kashkari did was deliver a cruel potential reality for the market, that inflation remains stubborn and the Fed, not wanting to repeat the policy errors of the 1970s , may be forced to retreat from suggesting a rate easing cycle.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.40%</td>
<td>16,049.08</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.23%</td>
<td>5,147.21</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.35%</td>
<td>38,596.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</td>
<td>2,053.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Most analysts vouch for the &#8220;buy-the-dip&#8221; strategy amid the recent slipback by the market. LPL Financial Chief Technical Strategist Adam Turnquist said following Thursday&#8217;s sell-off that &#8220;momentum and market breadth indicators support a buy-the-dip backdrop.&#8221; He noted that April was off to an &#8220;unseasonably&#8221; slow start and this has left the S&amp;P 500 just below key support from its rising 20-day moving average.
&#8220;This has been a consistent spot for demand since the breakout to new highs,&#8221; Turnquist said. Wednesday&#8217;s violation of the 20-day moving average, according to the analyst, should be considered the first warning sign for a deeper pullback, especially if their follow-through selling pressure on Friday.
A hotter-than-expected March non-farm payroll employment report could push yields above key resistance at the 4.35%–4.40% range, a potential tipping point for risk appetite, Turnquist said. That said, if higher rates are predicated on better-than-expected economic data, equity market pullbacks could be shallow, he added. 
&#8220;Technically, we view 4,800 on the S&amp;P 500 as a worst-case scenario, with plenty of support before that level,&#8221; the analyst said. 
LPL&#8217;s Chief Global Strategist Quincy Krosby said the market remains highly sensitive to any indication that the data-dependent Fed may need to curtail a rate easing cycle this year. He sees the March non-farm payrolls report&#8217;s average hourly wages as a key inflation measure that could move the market on Friday.
If wages edge higher as in the ADP report, Treasury yields will climb and the probability of rate cuts in June will continue to pull back, he said.
Upcoming Economic Data:
The Bureau of Labor Statistics will release the non-farm payrolls report for March at 8:30 a.m. EDT. Economists, on average, expect job growth of 200,000, smaller than the previous month&#8217;s 275,000. The jobless rate is widely expected to tick down from 3.9% to 3.8%. The average hourly earnings may have increased at an annual rate of 4.1%, down from the 4.3% pace in February.
The Federal Reserve will release its report on outstanding consumer credit at 3 p.m. EDT. The consensus estimate calls for $12 billion in outstanding consumer credit for March, down from $19.5 billion in February.
Among the Fed speakers lined up for the day are:
<ul>
<li>Boston Fed President Susan Collins: 8:30 a.m. EDT</li>
<li>Richmond Fed President Tom Barkin: 9:15 a.m. EDT</li>
<li>Dallas Fed President Lorie Logan: 11 a.m. EDT</li>
<li>Fed Governor Michelle Bowman: 12:15 p.m. EDT</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li></li>
<li>Greenbrier Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is scheduled to announce its <a href="https://www.benzinga.com/calendars/earnings">quarterly results ahead of the market open.</a></li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures are on six-session winning streak and rose modestly on Friday amid supply fears stoked by geopolitical tensions. A barrel of light-sweet crude traded above $86. Gold futures rebounded from Thursday&#8217;s modest fall and traded at over $2,310 an ounce. The yield on the benchmark 10-year Treasury held above the 2.3% level ahead of the jobs report.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed over the past 24 hours and approached the $67,000 level.
The global equity markets were swathed in a blanket of red amid waning hopes of the U.S. Federal Reserve reducing interest rates, with stock markets in Asia and Europe retreating sharply. The Malaysian, Indonesian and Indian markets bucked the downtrend, although the gains were very modest.
Read Next: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38099441/hawkish-fed-voices-lead-to-market-slide-its-possible-fed-wont-cut-this-year-if-inflati">Hawkish Fed Voices Lead To Market Slide: &#8216;It&#8217;s Possible Fed Won&#8217;t Cut This Year If Inflation Stalls&#8217;</a>
Image made via AI on MidJourney

Futures

Previews

Economics

Federal Reserve

$BTC

Wall Street Looks To Regain Footing Amid High Volatility After Rate Jitters: As Traders Eye Jobs Data, Analyst Warns Of Deeper Pullback Chances

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) to report quarterly earnings at 86 cents per share on revenue of $843.28 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Greenbrier shares gained 2.8% to $53.84 in after-hours trading.
Movano Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/move#NASDAQ">MOVE</a>) posted a narrower loss for the fourth quarter. The company reported a quarterly loss of 11 cents per share versus a year-ago loss of 24 cents per share. Movano shares jumped 9% to $0.5549 in the after-hours trading session.
Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) reported a wider-than-expected loss for its second quarter, while sales topped estimates. Quarterly sales came in at&nbsp;$57.29 million, beating the&nbsp;$56.64 million&nbsp;analyst consensus estimate. Kura Sushi shares surged 6% to $110.11 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
CCC Intelligent Solutions Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cccs#NASDAQ">CCCS</a>) reported a proposed secondary offering of 20 million shares of common stock. CCC Intelligent Solutions shares fell 0.9% to $11.67 in the after-hours trading session.
Analysts expect Byrna Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byrn#NASDAQ">BYRN</a>) to post a quarterly loss at 5 cents per share on revenue of $11.49 million before the opening bell. Byrna Technologies shares gained 2.6% to $14.12 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087713/over-1m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying </a>
&nbsp;

Penny Stocks

BYRN

CCCS

KRUS

MOVE

Kura Sushi, Greenbrier And 3 Stocks To Watch Heading Into Friday

<h3>Companies Reporting Before The Bell</h3>
&bull; Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) is expected to report quarterly loss at $0.05 per share on revenue of $11.49 million.
&bull; Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) is likely to report quarterly earnings at $0.86 per share on revenue of $843.28 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Natuzzi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTZ#NYSE">NTZ</a>) is expected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings Scheduled For April 5, 2024

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index moving to the &quot;Neutral&quot; zone on Thursday.
U.S. stocks closed lower on Thursday, with the Dow Jones index recording its worst session since March 2023 and also logging losses for the fourth straight day.
The S&amp;P 500 fell 2% so far this week, while the 30-stock Dow has declined around 3% week-to-date.
On the economic data front, U.S. jobless claims rose by 11,000 from the previous week&rsquo;s revised reading to 221,000 on March, the most in two months. U.S. trade deficit increased to $68.9 billion in February versus a revised $67.6 billion gap in the previous month.
Data on nonfarm payrolls will be released on Friday, with analysts expecting payrolls increasing 200,000 for March.
Shares of RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) fell more than 5% on Thursday after the company reported third-quarter FY24 results. Lamb Weston Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lw#NYSE">LW</a>) fell over 19% after the company reported weak third-quarter results and cut its FY24 outlook.
All sectors on the S&amp;P 500 closed on a negative note, with communication services, information technology and health care stocks recording the biggest losses on Thursday.
The Dow Jones closed lower by around 530 points to 38,596.98 on Thursday. The S&amp;P 500 fell 1.23% at 5,147.21, while the Nasdaq Composite dipped 1.40% at 16,049.08 during Thursday&rsquo;s session.
Investors are awaiting earnings results from The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) and Byrna Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/byrn#NASDAQ">BYRN</a>) today.
At a current reading of 48.8, the index moved to the &quot;Neutral&quot; zone on Thursday versus a prior reading of 63.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38104597/greenbrier-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-street"> Greenbrier Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>

Fear & Greed Index Moves To 'Neutral' Zone Ahead Of Jobs Report; Dow Records Worst Session Since March 2023

The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) is scheduled to release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/GBX/earnings">opening bell on April 5, 2024</a>.
Analysts expect the Lake Oswego, Oregon-based company to report quarterly earnings at 86 cents per share, down from 99 cents per share in the year-ago period. Greenbrier is projected to post revenue of $843.28 million for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 5, Greenbrier posted better-than-expected earnings for its first quarter.
Greenbrier shares fell 3.8% to close at $52.40 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>B of A Securities analyst Ken Hoexter maintained an Underperform rating and raised the price target from $40 to $42 on Sept. 22, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Allison Poliniak downgraded the stock from Overweight to Equal-Weight rating and cut the price target from $48 to $40 on Sept. 7, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Stephens &amp; Co. analyst Justin Long maintained an Overweight rating and raised the price target from $36 to $38 on April 11, 2023. This analyst has an accuracy rate of 73%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087713/over-1m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying </a>

Greenbrier Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) is scheduled to release earnings results for its second quarter, before the <a href="https://www.benzinga.com/quote/GBX/earnings">opening bell on April 5, 2024</a>.
Analysts expect the Lake Oswego, Oregon-based company to report quarterly earnings at 86 cents per share, down from 99 cents per share in the year-ago period. Greenbrier is projected to post revenue of $843.28 million for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 5,&nbsp;Greenbrier posted better-than-expected earnings for its first quarter.
With the recent buzz around Greenbrier, some investors may be eyeing potential gains from the company&rsquo;s dividends. As of now, Greenbrier has a dividend yield of 2.20%, which is a quarterly dividend amount of 30 cents a share ($1.20 a year).
To figure out how to earn $500 monthly from Greenbrier, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Greenbrier&rsquo;s $1.20 dividend: $6,000 / $1.20 = 5,000 shares
So, an investor would need to own approximately $272,400 worth of Greenbrier, or 5,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.20 = 1,000 shares, or $54,480 to generate a monthly dividend income of $100.
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38067894/calcimedica-and-2-other-penny-stocks-insiders-are-buying"> CalciMedica And 2 Other Penny Stocks Insiders Are Buying </a>
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
GBX Price Action: Shares of Greenbrier gained 6% to close at $54.48 on Wednesday.
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38067893/these-3-real-estate-stocks-with-over-3-dividend-yields-are-recommended-by-wall-streets-m"> These 3 Real Estate Stocks With Over 3% Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts </a>
Image: MacroEcon/Shutterstock.com

Long Ideas

Dividends

How To Earn $500 A Month From Greenbrier Companies Stock Ahead Of Q2 Earnings Report

Wanda Felton, Board Member at Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>), executed a substantial insider sell on February 7, according to an SEC filing.
What Happened: Felton's decision to sell 4,185 shares of Greenbrier Companies was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000923120/000092312024000019//Archives/edgar/data/923120/000092312024000019/0000923120-24-000019-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $195,213.
Monitoring the market, Greenbrier Companies's shares up by 0.23% at $47.2 during Thursday's morning.
<h3>About Greenbrier Companies</h3>
Greenbrier Companies Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe, marine barges in North America and provides wheel services, railcar refurbishment, and parts, leasing and other services to the railroad. Its segments include Manufacturing, Maintenance Services and Leasing &amp; Management Services. The company generates a majority of its revenue from the manufacturing segment. Geographically, it derives a majority of revenue from the United States.
<h3>Greenbrier Companies: Financial Performance Dissected</h3>
Revenue Growth: Greenbrier Companies's revenue growth over a period of 3 months has been noteworthy. As of 30 November, 2023, the company achieved a revenue growth rate of approximately 5.52%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 15.0%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Greenbrier Companies's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.0.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.44, Greenbrier Companies faces challenges in effectively managing its debt levels, indicating potential financial strain.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Greenbrier Companies's P/E ratio of 14.01 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.4, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 8.6 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Understanding the Significance of Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000923120">Check Out The Full List Of Greenbrier Companies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wanda Felton Executes Sell Order: Offloads $195K In Greenbrier Companies Stock

Tuesday marks the last chance for investors to receive the next dividend payout from Greenbrier Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 30 cents per share. On Wednesday, Greenbrier Companies will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 30 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own GBX as of the end of Tuesday's session are eligible to receive the 30 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/GBX">Track real-time stock fluctuations for Greenbrier Companies on Benzinga.</a>

Greenbrier Companies's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Shares of Applied Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplt#NASDAQ">APLT</a>) shares fell sharply during Friday&rsquo;s session after the company released topline results of the ARISE-HF Phase 3 trial of AT-001 (caficrestat) in patients with Diabetic Cardiomyopathy (DbCM) at high risk of <a href="https://www.benzinga.com/general/biotech/24/01/36508058/applied-therapeutics-diabetes-associated-heart-disease-drug-fails-in-phase-3-study-stock-plunges">progression to overt heart failure</a>.
The study&#39;s primary endpoint was stabilization or improvement in cardiac functional capacity as measured by Peak VO2 in patients treated with AT-001 1500mg twice daily (BID) compared to placebo.
Applied Therapeutics shares dipped 35.6% to $2.4498 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ainos, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) jumped 112.6% to $3.6805 after falling more than 12% on Thursday.</li>
<li>Revelstone Capital Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcac#NASDAQ">RCAC</a>) shares climbed 89.6% to $10.71. Revelstone Capital Acquisition cancelled special meeting to approve business combination with Set Jet, Inc.</li>
<li>Banzai International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnzi#NASDAQ">BNZI</a>) surged 74% to $2.92. Banzai International signed a non-binding letter of intent to acquire IGLeads, a cutting-edge automated lead generation platform.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) shares rose 56.5% to $2.1307. Safe And Green Development recently issued an update on LOI for acquisition of Xene AI Software platform.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) gained 30% to $7.67</li>
<li>Dermata Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drma#NASDAQ">DRMA</a>) rose climbed 27.8% to $0.78 after the company announced the issuance of a new patent in Japan for its DMT410 program for the treatment of hyperhidrosis.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) gained 27.2% to $8.05.</li>
<li>Swvl Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swvl#NASDAQ">SWVL</a>) gained 27.2% to $2.90.</li>
<li>PolyPid Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypd#NASDAQ">PYPD</a>) gained 25% to $8.44. PolyPid announced $16.2 million private placement of 3,371,312 shares at $4.81 per share.</li>
<li>AxoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) jumped 20.4% to $8.13 as the company reported preliminary unaudited revenue for fourth quarter and full-year 2023. The company also said President and Chief Executive Officer Karen Zaderej plans to retire from the Company by Jan. 2025.</li>
<li>Aurora Mobile Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jg#NASDAQ">JG</a>) jumped 19.2% to $3.79.</li>
<li>Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) rose 15.7% to $86.31 following first-quarter results.</li>
<li>The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) gained 13.8% to $50.50 following upbeat earnings.</li>
<li>Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) rose 13.1% to $6.93.</li>
<li>Pinstripes Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnst#NYSE">PNST</a>) shares gained 12.4% to $5.92 after dipping over 35% on Thursday.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cycc#NASDAQ">CYCC</a>) rose 12.4% to $2.53.</li>
<li>Elanco Animal Health Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elan#NYSE">ELAN</a>) gained 8% to $15.72. Stifel analyst Jonathan Block upgraded Elanco Animal Health from Hold to Buy and raised the price target from $13 to $20.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) shares rose 7.2% to $0.3212 after falling around 5% on Thursday. Intelligent Bio Solutions recently received National Association of Testing Authorities accreditation for its Intelligent Fingerprinting Drug Screening Solution.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>agilon health, inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agl#NYSE">AGL</a>) tumbled 35.1% to $7.84 after the company lowered its 2023 financial outlook.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) shares fell 33.7% to $0.2266. Avenue Therapeutics shares jumped over 94% on Thursday after the company announced it reached a final agreement with the FDA for the Phase 3 safety study for IV tramadol.</li>
<li>Medical Properties Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpw#NYSE">MPW</a>) fell 30.6% to $3.4699 after it disclosed plans to reduce its exposure to tenant Steward Health Care System. Keybanc analyst Austin Wurschmidt downgraded Medical Properties Trust from Overweight to Sector Weight.</li>
<li>AngioDynamics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ango#NASDAQ">ANGO</a>) dipped 22.6% to $6.00 after the company lowered its FY24 guidance.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) fell 22% to $0.1949.</li>
<li>Voyager Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vygr#NASDAQ">VYGR</a>) fell 19.1% to $8.77. Voyager Therapeutics priced its public offering of 7,777,778 common shares at $9 per share.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) shares fell 17.4% to $0.1340. On Dec. 29, Verb Technology Company entered into a securities purchase agreement with Streeterville Capital where company sold and investor purchased 3,000 shares of the company&#39;s newly designated non-convertible Series C preferred stock for $3 million.</li>
<li>KORE Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kore#NYSE">KORE</a>) shares fell 14.8% to $1.04 after jumping over 60% on Thursday.</li>
<li>Allogene Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allo#NASDAQ">ALLO</a>) shares declined 14.1% to $2.9050. Allogene Therapeutics and Foresight Diagnostics disclosed a partnership to develop MRD-based in-vitro diagnostic for use in ALPHA3, the first pivotal trial for frontline consolidation in large B-cell lymphoma. JMP Securities and Guggenheim downgraded the stock.</li>
<li>Omega Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omga#NASDAQ">OMGA</a>) declined 13.8% to $4.58.</li>
<li>CISO Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciso#NASDAQ">CISO</a>) shares fell 13.7% to $0.0901. CISO Global said the Nasdaq has determined to delist securities from Nasdaq.</li>
<li>Catalyst Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cprx#NASDAQ">CPRX</a>) shares fell 13.4% to $14.81 after announcing pricing of public offering of common stock.</li>
<li>Smart for Life, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smfl#NASDAQ">SMFL</a>) shares fell 12.3% to $1.6408 after jumping around 15% on Thursday.</li>
<li>Exscientia plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exai#NASDAQ">EXAI</a>) fell 10.8% to $5.84. B of A Securities analyst Michael Ryskin downgraded Exscientia from Buy to Neutral and lowered the price target from $11 to $9.</li>
<li>SAB Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabs#NASDAQ">SABS</a>) tumbled 9.1% to $5.90.</li>
<li>Sabine Royalty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbr#NYSE">SBR</a>) fell 8.7% to $63.02.</li>
<li>Dyne Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dyn#NASDAQ">DYN</a>) shares fell 8% to $17.84. Dyne Therapeutics priced its $300 million public offering of 17.15 million common stock at $17.50 per share.</li>
<li>Immunocore Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imcr#NASDAQ">IMCR</a>) dipped 7.3% to $64.61. Immunocore announced strategic priorities and pipeline expansion ahead of 42nd Annual J.P. Morgan Healthcare Conference presentation.</li>
<li>Theravance Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbph#NASDAQ">TBPH</a>) shares fell 6.6% to $10.76 after the company announced results from Phase 4 YUPELRI PIFR-2 study. The company said study did not show a statistically significant difference between yupelri and spiriva handihaler on primary endpoint.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36509097/insiders-buying-synchronoss-technologies-and-2-other-stocks"> Insiders Buying Synchronoss Technologies And 2 Other Stocks</a>

Intraday Update

AIMD

ALLO

ANGO

APLT

ATXI

AXGN

BNZI

CISO

CPRX

CYCC

DRMA

ELAN

EXAI

IMCR

Intelligent Bio Solutions Inc. - Common Stock

INBS

KORE

LSDI

NEXI

OMGA

PNST

PTON

PYPD

RCAC

SABS

SMFL

SWVL

TBPH

VERB

VYGR

Why Applied Therapeutics Shares Are Trading Lower By Over 35%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Greenbrier Companies Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) shares are trading higher by around 8% on Friday after the company&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/n36508894/greenbrier-reports-first-quarter-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Q1 FY24 results</a>.
Revenue rose to $808.8 million (from $766.5 million a year ago) and above the consensus of $849.9 million.&nbsp;
The company&#39;s lease fleet utilization was 98%, and fleet size increased by 700 to 14,100 units.
GBX has secured orders for 5,100 new railcars worth $710 million and delivered 5,700 units in Q1.&nbsp;
As of Nov. 30, 2023, the new railcar backlog stood at 29,700 units with an estimated value of $3.8 billion.
Adjusted EBITDA came in at $93.2 million, with a margin of 11.5%.
Adjusted EPS of $0.96&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missed the consensus of $0.73</a>.
As of Nov. 30,&nbsp;cash and cash equivalents stood at $307.3 million.
The company&#39;s quarterly dividend per share of 30 cents is payable on Feb. 15, 2024, to shareholders of record as of Jan. 25, 2024.
Lorie L. Tekorius, CEO and President said, &quot;Importantly, our new railcar backlog remains robust and is supported by quality products and customer loyalty, making Greenbrier a market leader. Our backlog, combined with programmatic railcar rebuilding activity not included in backlog, provides clear revenue visibility into 2025. In Leasing, the disciplined construction of our leased railcar fleet and increasing lease rates make doubling our high-margin recurring revenue an achievable goal in the years ahead.&quot;
FY24 Outlook: GBX continues to expect revenue of $3.40 billion &ndash; $3.70 billion vs.&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">consensus of $3.58 billion</a>.&nbsp;
The company targets to deliver 22,500 &ndash; 25,000 units, including around 1,000 units in Brazil.
GBX now projects capital expenditures of around $165 million in Manufacturing and $15 million in Maintenance Services and sees gross leasing investment of about $350 million in Leasing &amp; Management Services.&nbsp;
The company anticipates proceeds from equipment sales of around $85 million.
Price Action:&nbsp;GBX shares are up 7.9% at $47.85&nbsp;at&nbsp;last check Friday.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/24/01/36505711/greenbrier-likely-to-report-surge-in-q1-earnings-heres-a-look-at-recent-price-target-changes-by-the" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Greenbrier Likely To Report Surge In Q1 Earnings; Here&#39;s A Look At Recent Price Target Changes By The Most Accurate Analysts</a>
Photo: Shutterstock

Large Cap

Why Rail Transport Company Greenbrier's Shares Are Rising Today

U.S. stocks traded higher, with the Dow Jones index gaining more than 100 points on Friday.
Shares of The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) rose sharply during Friday&rsquo;s session <a href="https://www.benzinga.com/quote/GBX/earnings">following upbeat earnings</a>.
Greenbrier posted adjusted earnings of 96 cents per share, topping market estimates of 73 cents per share. The company said it sees FY24 revenue of $3.4 billion to $3.7 billion, versus estimates of $3.58 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Greenbrier shares surged 13.8% to $50.50 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>AxoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) shares rose 20.4% to $8.13 as the company reported preliminary unaudited revenue for fourth quarter and full-year 2023. The company also said President and Chief Executive Officer Karen Zaderej plans to retire from the Company by Jan. 2025.</li>
<li>Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) gained 15.7% to $86.31 following first-quarter results.</li>
<li>Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) gained 13.1% to $6.93.</li>
<li>VTEX (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vtex#NYSE">VTEX</a>) gained 12.8% to $7.68. Morgan Stanley analyst Cesar Medina upgraded Vtex from Equal-Weight to Overweight and raised the price target from $5.5 to $8.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) jumped 12.4% to $142.64.</li>
<li>Puyi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/puyi#NASDAQ">PUYI</a>) gained 11.5% to $6.24.</li>
<li>The Pennant Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pntg#NASDAQ">PNTG</a>) gained 9.5% to $15.51. Stephens &amp; Co. analyst Scott Fidel upgraded Pennant from Equal-Weight to Overweight and announced a price target of $18.</li>
<li>Bridger Aerospace Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baer#NASDAQ">BAER</a>) rose 8.4% to $7.27.</li>
<li>CARGO Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crgx#NASDAQ">CRGX</a>) gained 8.3% to $21.53.</li>
<li>Elanco Animal Health Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elan#NYSE">ELAN</a>) shares climbed 8% to $15.72. Stifel analyst Jonathan Block upgraded Elanco Animal Health from Hold to Buy and raised the price target from $13 to $20.</li>
<li>ChargePoint Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NASDAQ">CHPT</a>) gained 7.6% to $2.2703.</li>
<li>PagSeguro Digital Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pags#NYSE">PAGS</a>) rose 5.6% to $12.41.</li>
<li>Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>) gained 4.6% to $29.74.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36510525/us-stocks-higher-payrolls-increase-by-216-000-in-december"> US Stocks Higher; Payrolls Increase By 216,000 In December</a>

BAER

CHPT

CRGX

PAGS

PNTG

PUYI

VTEX

ZJYL

Greenbrier Posts Upbeat Earnings, Joins Kura Sushi USA, AxoGen And Other Big Stocks Moving Higher On Friday

Greenbrier beats top-line and bottom-line estimates; updates FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Greenbrier Companies (NYSE:<a href="https://investorplace.com/stock-quotes/gbx-stock-quote/">GBX</a>) just reported results for the second quarter of 2024.<ul><li>Greenbrier Companies reported earnings per share of $1.03. This was above the analyst estimate for EPS of 86 cents.</li><li>The company reported revenue of $862.70 million.</li><li>This was 2.30% better than the analyst estimate for revenue of $843.28 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<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>
					</li>
																<li>
						<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>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/gbx-stock-earnings-greenbrier-companies-for-q2-of-2024/">GBX Stock Earnings: Greenbrier Companies Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GBX Stock Earnings: Greenbrier Companies Beats EPS, Beats Revenue for Q2 2024

The Greenbrier Companies, Inc. (GBX) Q2 2024 Earnings Call Transcript

In a report released today, Steve Barger from KeyBanc maintained a Hold rating on Greenbrier (GBX – Research Report). The company's shares closed l...

KeyBanc Reaffirms Their Hold Rating on Greenbrier (GBX)

Greenbrier declares $0.30 dividend

White Brook Capital Partners Q1 2024 Commentary

Freight railroads play a significant role in long-distance transportation in the U.S., handling nearly 40% of the country's freight volume. Despite...

Greenbrier (NYSE:GBX): Efficiently Riding the Rails to Profit

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Given the current, strong state of the macro economy, many transportation stocks have performed very well in recent months. And that trend is likely to continue for the foreseeable future. On the consumer side, the strong labor market has resulted in continued, powerful travel trends. Plus, with Washington spending a great deal of money on infrastructure, a high number of truck makers and railroad firms have done very well. Automakers are also doing relatively well because of consumer strength, and the fact that most of the names in the sector were priced for a recession that never arrived. Moreover, given the U.S. Federal Reserve&rsquo;s clear desire to still cut interest rates later this year, lower rates should boost the auto sector at some point. Lets take a look at three transportation stocks that are likely to boost your portfolio.



<h2>Greenbrier (GBX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gbxstock1600-300x169.jpg" alt="The Greenbrier Companies (GBX)logo on the website homepage"><div>Source: Casimiro PT / Shutterstock.com</div></div>I&rsquo;ve long been bullish on train equipment company Greenbrier (NYSE:<a href="https://investorplace.com/stock-quotes/gbx-stock-quote/">GBX</a>). Mainly due to the firm&rsquo;s leverage to the factory building trend in the U.S., and Washington&rsquo;s high infrastructure spending.



Of course, a great deal of material is needed to build factories, and freight trains are used to haul many of these commodities. Moreover, the bipartisan infrastructure law <a href="https://railroads.dot.gov/BIL">includes a huge $66 billion</a> for the railroad sector. GBX is getting a lift from those expenditures. 



In light of these points, I&rsquo;m not surprised that GBX <a href="https://www.marketwatch.com/investing/stock/gbx?mod=search_symbol">has jumped 17%</a> in the last three months and 74% in the last 12 months. 



The company <a href="https://seekingalpha.com/news/4087579-greenbrier-beats-top-line-and-bottom-line-estimates-updates-fy24-outlook">reported much better-than-expected</a> fiscal second-quarter results on April 5 as its EPS came in at $1.03, versus analysts&rsquo; average estimate of 90 cents. Meanwhile, it generated revenue of $863 million, compared with $842 million. 



<h2>American Airlines (AAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/americanairlines-300x169.jpg" alt="American Airlines plane on ramp in Chicago Airport. American Airlines is amongst the airlines cancelling flights"><div>Source: GagliardiPhotography / Shutterstock.com</div></div>American Airlines (NYSE:<a href="https://investorplace.com/stock-quotes/aal-stock-quote/">AAL</a>) reported strong first-quarter results on April 18, which showed that it&rsquo;s benefiting tremendously from the travel boom. Specifically, its operating <a href="https://seekingalpha.com/news/4090236-united-airlines-rallies-after-strong-demand-boosts-underlying-q1-results">revenue climbed 10%</a> versus the same period a year earlier to $12.5 billion. And its free cash flow advanced to $1.48 billion from $1.3 billion in Q1 of 2022.



Also impressive is that its total revenue per available seat mile increased 0.6% year-over-year while its cost per available seat mile dropped 0.6% YOY. The data suggests that the firm&rsquo;s profitability is indeed headed higher. 



While higher oil prices could threaten the latter dynamic, oil prices have trended downward in recent days as the chances of a direct Iran-Israel war fade. Further, I believe that oil prices&rsquo; fundamentals are poor due to the electrification of transportation.



<h2>General Motors (GM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gm1600-3-300x169.png" alt="Cadillac car and SUV dealership. Cadillac offers a full line of gas and electric EV vehicles. GM stock"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>General Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) stock <a href="https://www.marketwatch.com/investing/stock/gm?mod=search_symbol" target="_blank">advanced 20%</a> over the&nbsp;three months that ended on April 18. Among the positive catalysts for GM stock were the company&rsquo;s decision in November to&nbsp;<a href="https://fortune.com/2023/11/29/gm-stock-buyback-10-billion-electric-cars/" target="_blank">institute a record</a> $10 billion buyback. Another was the increase of its dividend by 33% to 12 cents per share. Additionally, the automaker pleased the Street <a href="https://apnews.com/article/general-motors-dividend-strike-costs-share-buyback-8855964971e8485accf459278c1b9884" target="_blank">by cutting its</a> annual costs by $2 billion.



Wall Street analysts have generally been upbeat on GM stock recently. For example,&nbsp;Deutsche Bank&nbsp;<a href="https://www.proactiveinvestors.com/companies/news/1045437/tesla-is-high-risk-going-into-auto-earnings-season-warn-analysts-who-like-gm-and-ford-1045437.html" target="_blank">predicted that the firm&nbsp;</a>&ldquo;could report a particularly solid beat&rdquo; when it delivers its Q1 results.



Also bullish on GM was&nbsp;UBS&nbsp;which identified GM as one of its favorite names transportation stocks. Finally,&nbsp;Morgan Stanley&nbsp;in has also made GM one of its top picks. In March, it upgraded the Auto sector to &ldquo;attractive&rdquo; from &ldquo;in-line.&rdquo; The bank expects automakers to benefit from its reduced spending this year.



On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<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>
					</li>
																<li>
						<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>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/full-speed-ahead-3-transportation-stocks-picks-delivering-stellar-returns/">Full Speed Ahead: 3 Transportation Stocks Picks Delivering Stellar Returns</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.