Investment Latour Stock (OTC:IVTBF), Trade Ideas

Investment AB Latour is an investment holding company that makes investments in wholly owned industrial operations and a portfolio of securities. Latour has a long-term and activist orientation, with the vast majority of its total net asset value deriving from companies that have been in its portfolio for more than 20 years. The company measures its performance against its benchmark, the Stockholm Stock Exchange's total return index. Its criterion is to invest in companies that have their own products that meet growing international demand. Latour specifically evaluates four trends: demographic development, sustainability, globalization, and competition for limited resources.

INVESTMENTAKTIEBLAGT B by INVESTMENTAKTIEBOLAGET LATOUR SHARE AK

Investment AB Latour

Large Cap

News

Guidance

Health Care

General

Centene Expects 2024 Revenue Guidance Of $147.5B-$150.5B Versus Consensus Of $146.14B, Including Premium And Service Revenues Of $135.5B-$138.5B Versus Prior Guidance Of $134.5B-$137.5B

Bernstein analyst Mark Shmulik maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Market Perform and raises the price target from $165 to $180.

Price Target

Analyst Ratings

GOOG

GOOGL

Bernstein Maintains Market Perform on Alphabet, Raises Price Target to $180

Earnings

Centene Revises Its 2024 Adjusted EPS Guidance Floor Of Greater Than $6.80 Versus Prior Guidance Of Greater Than $6.70 Versus Consensus Of $6.78

Stifel analyst Stanley Elliott downgrades Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) from Buy to Hold and raises the price target from $293 to $350.

Downgrades

Stifel Downgrades Caterpillar to Hold, Raises Price Target to $350

&quot;Our goal is to make Elasticsearch and Apache Lucene the best vector database and Elasticsearch the best retrieval platform for semantic search, RAG, and generative AI use cases,&quot; said&nbsp;Shay Banon, founder and chief technology officer at Elastic. &quot;Elastic&#39;s contributions bring multifold performance gains in speed, scale, and efficiency, ensuring the Elasticsearch-Lucene integration continues to be a versatile vector database and search experience loved by developers and trusted by enterprises the world over.&quot;

ESTC

Elastic N.V. Says New Vector Database Performance Gains With Elasticsearch And Apache Lucene, With Up To 8X Speed And 32X Efficiency

Telsey Advisory Group analyst Dana Telsey maintains Steven Madden (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) with a Market Perform and maintains $44 price target.

SHOO

Telsey Advisory Group Maintains Market Perform on Steven Madden, Maintains $44 Price Target

Autoliv Reiterates FY24 View: Projects Around 5% Organic Sales Growth In FY24 With Around 10.5% Adjusted Operating Margin And Around $1.2B Operating Cash Flow

Stifel analyst Rick Wise upgrades LeMaitre Vascular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMAT#NASDAQ">LMAT</a>) from Hold to Buy and raises the price target from $59 to $75.

Upgrades

LMAT

Stifel Upgrades LeMaitre Vascular to Buy, Raises Price Target to $75

Telsey Advisory Group analyst Joseph Feldman maintains Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) with a Outperform and maintains $17 price target.

ARHS

Telsey Advisory Group Maintains Outperform on Arhaus, Maintains $17 Price Target

Centene Reports Q1 Health Benefits Ratio Of 87.1%, With Membership Of 28,422,800

The companies will work together to develop solutions that further empower ELC&#39;s more than 20 prestige beauty brands as they create closer consumer connections and increase speed to market with local relevancy.

MSFT

Estée Lauder, Microsoft Report Creation Of An AI Innovation Lab As An Expansion Of Their Global Strategic Relationship

In a recent meeting in Beijing, U.S. Secretary of State Antony Blinken voiced concerns over China&#8217;s support for Russia&#8217;s military, potentially straining the ongoing efforts to mend relations between the two countries.
What Happened: Blinken, during a five-and-a-half-hour discussion with China&#8217;s top diplomat Wang Yi, highlighted the issue of China&#8217;s backing of Russia&#8217;s military, among other contentious topics, reported Reuters.
&#8220;The Secretary discussed concerns about PRC support to the Russian defense industrial base,&#8221; said U.S. State Department spokesperson Matthew Miller, referring to the People&#8217;s Republic of China (PRC).
Despite its &#8220;no limits&#8221; partnership with Moscow, China has refrained from providing arms for Russia&#8217;s war in Ukraine. However, U.S. officials caution that Chinese companies are aiding the weapons industry, potentially jeopardizing the broader bilateral relationship.
Highlighting the escalating tensions, shortly before Blinken&#8217;s arrival in China on Wednesday, U.S. President Joe Biden signed a bipartisan bill. The bill allocated $8 billion to counter China&#8217;s military capabilities, substantial defense aid for Taiwan, and $61 billion for Ukraine. 
Wang emphasized that the U.S. must not infringe upon &#8220;red lines&#8221; concerning sovereignty, security, and developmental interests, hinting at Taiwan and the disputed South China Sea.
Blinken is anticipated to have a brief meeting with China&#8217;s President Xi Jinping. Before Friday&#8217;s discussions, U.S. Treasury Secretary Janet Yellen indicated that the Biden administration was keeping all options open in response to China&#8217;s surplus industrial capacity.
See Also: <a href="https://www.benzinga.com/news/24/04/38422645/trumps-niece-says-ex-president-could-see-potential-imprisonment-as-opportunity-donald-is-facing-real?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Could See Potential Imprisonment As Opportunity: &#8216;Donald Is Facing Real-Time Consequences For His Transgressions&#8217;</a>
Why It Matters: The U.S. has been increasingly vocal about China&#8217;s role in Russia&#8217;s military activities. Earlier this month, Blinken <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">suggested imposing sanctions on Chinese banks</a> for their alleged support of Russia&#8217;s war in Ukraine. This move was seen as a clear indication of the U.S.&#8217;s growing concerns over China&#8217;s involvement in the conflict.
Meanwhile, the European Union has also been critical of China&#8217;s support for Russia. The EU&#8217;s top diplomat in Asia, Niclas Kvarnstrom, recently <a href="https://www.benzinga.com/news/24/04/38373137/eus-top-diplomat-in-asia-warns-china-over-russia-ties-trade-imbalance-we-have-to-stand-up-for-oursel">warned Beijing</a> that its continued support for Russia is a major obstacle to improved relations between the EU and China.
Read Next: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us: &#8216;With 6000 Satellites Orbiting Earth, I Think I Would Know&#8217;</a>
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Politics

Global

Antony Blinken Raises Alarm Over Xi Jinping's Support For Russia During US-China Talks

Ball (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.56 by 21.43 percent. This is a 1.45 percent decrease over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $2.87 billion which missed the analyst consensus estimate of $3.24 billion by 11.30 percent. This is a 17.63 percent decrease over sales of $3.49 billion the same period last year.

Earnings Beats

Earnings Misses

BALL

Ball Q1 Adj $0.68 Beats $0.56 Estimate, Sales $2.87B Miss $3.24B Estimate

Telsey Advisory Group analyst Dana Telsey maintains Olaplex Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>) with a Market Perform and maintains $2 price target.

OLPX

Telsey Advisory Group Maintains Market Perform on Olaplex Hldgs, Maintains $2 Price Target

Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) reported quarterly Adj earnings of $5.66 per share which missed the analyst consensus estimate of $5.91 by 4.23 percent. The company reported quarterly sales of $4.070 billion which missed the analyst consensus estimate of $4.126 billion by 1.36 percent. This is a 5.14 percent increase over sales of $3.871 billion the same period last year.

Aon Q1 2024 Adj EPS $5.66 Misses $5.91 Estimate, Sales $4.070B Miss $4.126B Estimate

Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) reported quarterly earnings of $2.26 per share which beat the analyst consensus estimate of $2.08 by 8.65 percent. This is a 7.11 percent increase over earnings of $2.11 per share from the same period last year. The company reported quarterly sales of $40.407 billion which beat the analyst consensus estimate of $36.536 billion by 10.59 percent. This is a 3.90 percent increase over sales of $38.889 billion the same period last year.

Centene Q1 2024 Adj EPS $2.26 Beats $2.08 Estimate, Sales $40.407B Beat $36.536B Estimate

Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.41 by 12.06 percent. This is a 75.56 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $2.62 billion which beat the analyst consensus estimate of $2.59 billion by 0.97 percent. This is a 4.89 percent increase over sales of $2.49 billion the same period last year.

Autoliv Q1 Adj $1.58 Beats $1.41 Estimate, Sales $2.62B Beat $2.59B Estimate

Bernstein analyst Mark Moerdler maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Outperform and raises the price target from $465 to $489.

Bernstein Maintains Outperform on Microsoft, Raises Price Target to $489

Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $1.680 billion which missed the analyst consensus estimate of $1.682 billion by 0.12 percent. This is a 5.65 percent decrease over sales of $1.780 billion the same period last year.

AVTR

Avantor Q1 2024 Adj EPS $0.22 Beats $0.20 Estimate, Sales $1.680B Miss $1.682B Estimate

Oppenheimer analyst Ken Wong maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Outperform and raises the price target from $480 to $500.