Invivyd Stock (NASDAQ:IVVD), Trade Ideas

Invivyd

Invivyd Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of antibody-based solutions for infectious diseases with pandemic potential. The company is developing antibodies to transcend the limits of naturally occurring immunity and provide superior protection from viral diseases, beginning with COVID-19. The company's product candidates are; ADG20 developed for the treatment and prevention of coronavirus disease, and VYD222, a monoclonal antibody candidate engineered, optimizing for potency and breadth of coverage, as well as providing a higher probability of retaining its utility for a longer duration in an evolving viral landscape.

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U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Friday.

Kura Sushi Posts Upbeat Sales, Joins Caribou Biosciences, Krispy Kreme And Other Big Stocks Moving Higher In Friday&#39;s Pre-Market Session

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Shares of  Westport Fuel Systems Inc. (NASDAQ: WPRT) fell sharply during Tuesday’s session after posting a wider-than-expected fourth-quarter loss.

Westport Fuel Systems posted a quarter loss of 81 cents per share, compared to market expectations for a loss of 51 cents per share.

Why Westport Fuel Systems Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.

Tesla, Krispy Kreme, McCormick And Other Big Stocks Moving Higher On Tuesday

Invivyd Inc

Barclays analyst Brandt Montour maintains Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) with a Overweight and raises the price target from $123 to $124.

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Analyst Ratings

WYNN

Barclays Maintains Overweight on Wynn Resorts, Raises Price Target to $124

Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) reported upbeat earnings for its <a href="https://www.benzinga.com/news/earnings/24/04/38313173/why-is-alternative-investment-giant-blackstone-stock-falling-premarket-thursday">first quarter FY24 on Thursday</a>.
Blackstone reported adjusted revenues of $2.55 billion, beating the consensus of $2.49 billion. Distributable earnings (DE) rose 1% Y/Y to $1.27 billion. Fee-related earnings grew by 12% Y/Y to $1.16 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Distributable earnings per share of $0.98<a href="https://www.benzinga.com/calendars/earnings"> topped the consensus of $0.97</a>.
Asset under management rose 7% Y/Y to $1.06 trillion, with inflows of $34.0 billion in the quarter.
Blackstone declared a quarterly dividend per share of 83 cents, payable on May 6, 2024, to shareholders of record as of April 29, 2024.
Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone reported strong first-quarter results, highlighted by accelerating momentum in our private credit and private wealth businesses. We are seeing a strengthening transaction environment and attractive opportunities to deploy capital. We are well positioned to navigate today's dynamic market landscape, with a portfolio concentrated in compelling sectors and nearly $200 billion of dry powder available to invest."
Blackstone shares fell 2.3% to close at $120.32 on Thursday.
These analysts made changes to their price targets on Blackstone following earnings announcement.
<ul>
<li>JP Morgan cut the price target on Blackstone from $105 to $100. JP Morgan analyst Kenneth Worthington maintained a Neutral rating.</li>
<li>Barclays lowered the price target on Blackstone from $129 to $125. Barclays analyst Benjamin Budish reiterated an Equal-Weight rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/04/38332596/meta-platforms-pure-storage-and-2-other-stocks-insiders-are-selling">Meta Platforms, Pure Storage And 2 Other Stocks Insiders Are Selling</a>

Earnings

Blackstone Analysts Slash Their Forecasts After Q1 Earnings

Wedbush analyst Michael Pachter reiterates Beyond (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) with a Outperform and maintains $43 price target.

Reiteration

BYON

Wedbush Reiterates Outperform on Beyond, Maintains $43 Price Target

In <a href="https://beaconsecurities.ca/about/">Beacon Securities</a>&#39;s latest report issued after the <a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article">Benzinga Cannabis Capital Conference</a> in Florida, analysts delved into significant developments and key conversations that are shaping the future of the cannabis industry.
The report highlights the optimism among key operators and multi-state operators (MSOs) regarding impending regulatory changes and their potential to transform the industry&#39;s landscape.
<h3>Anticipation For DEA&#39;s Rescheduling Decision</h3>
A major point of discussion was the anticipated reclassification of cannabis from a&nbsp;Schedule I substance to&nbsp;Schedule&nbsp;III following the <a href="https://www.benzinga.com/markets/cannabis/23/08/34120876/health-officials-to-dea-ease-federal-restrictions-on-cannabis-will-this-set-stage-for-legalizati">August recommendation</a>&nbsp;from the Dept. of Health and Human Services to the DEA to ease federal&nbsp;restrictions on cannabis.&nbsp;
The DEA&nbsp;move, expected soon, could eliminate the stringent restrictions of the 280e&nbsp;IRS tax code, sparking enthusiasm among industry players. However, the exact timeline remains uncertain, with speculation swirling around the possibility of a decision aligning with the politically charged 4/20 holiday.&nbsp;
&ldquo;The issue is now in front of the DOJ&rsquo;s Office of Legal Counsel, indicating it is approaching the finish line. The question continues to be whether or not the DEA will hold a public comment period. If it does, the required time implies the decision should come sooner rather than later. There was also some speculation that the combination of <a href="https://www.benzinga.com/markets/cannabis/24/04/38278653/cannabis-banking-reform-closer-than-ever-d-c-insiders-tell-benzinga-conference-cannabis-etf-spik">Rescheduling</a>, <a href="https://www.benzinga.com/markets/cannabis/24/04/38278653/cannabis-banking-reform-closer-than-ever-d-c-insiders-tell-benzinga-conference-cannabis-etf-spik">SAFER Banking</a>, and an expected DOJ memo may be enough to allow US exchange listings,&rdquo; reads Beacon&#39;s&nbsp;report.&nbsp;
This rescheduling could pave the way for U.S. exchange listings, signaling a major shift in the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482521/curaleaf-and-trulieve-lead-the-pack-in-tax-payments-a-look-at-16-cannabis-msos-liab"> industry&#39;s financial </a>and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/34153665/cannabis-tax-changes-could-trigger-504-cash-flow-leap-which-industry-players-will-b">regulatory framework</a>.&nbsp;
<h3>SAFER Banking And Cryptocurrency Integration</h3>
Meanwhile, attendees to the Conference also discussed the effort to attach the <a href="https://www.benzinga.com/markets/cannabis/23/09/34960099/crypto-twist-safer-banking-act-insights-cory-gardner-ed-perlmutter-at-benzinga-cannabis-capital-">SAFER Banking Act</a> to a <a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27115920/what-are-stablecoins-how-do-they-work-how-many-are-there">cryptocurrency</a> (<a href="https://www.benzinga.com/money/are-stablecoins-safe-right-now">stablecoin</a>) legalization bill, suggesting an innovative legislative strategy.&nbsp;
This proposed package aims to streamline cannabis banking and financing, making it more accessible and less risky for financial institutions.
<h3>Florida&#39;s Path To Adult-Use Legalization</h3>
The push for adult-use cannabis legalization in<a href="https://www.benzinga.com/topic/florida-cannabis"> Florida</a> faces a tough battle, with <a href="https://floridapolitics.com/archives/670221-fau-poll-just-47-support-recreational-pot-measure-with-18-undecided/">recent polls</a> indicating that support falls just short of the required 60% voter approval. Despite this, the report noted industry leaders are rallying, with <a href="https://www.benzinga.com/markets/cannabis/24/04/38077599/cannabis-companies-pony-up-15m-to-support-florida-legalization-amendment-adding-to-trulieves-40m">significant financial support</a>&nbsp;flowing into the campaign.
The presence of an abortion rights measure on the same ballot could indirectly benefit the cannabis initiative by boosting voter turnout and diverting opposition funds. Florida&#39;s<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38037571/floridas-6b-cannabis-market-anticipates-400-growth-following-court-decision-allowin"> potential market expansion</a> is a tantalizing prospect for operators, both established and new entrants, signaling a fervent commitment to overcoming legislative hurdles.
Photo: AI-Generated.&nbsp;

Cannabis

Legal

Events

DEA Public Comment Period And A Cannabis-Related Crypto Bill? You Heard It First At Benzinga Conference

Google&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) CEO, Sundar Pichai, expressed the necessity for Google to uphold its open culture while also adhering to workplace rules. His comment came after 28 Google employees were fired for protesting against the company&#8217;s cloud deal with Israel.
What Happened: Pichai emphasized the need for focus, collaboration, and respectful disagreements within the company, The Wall Street Journal <a href="https://www.wsj.com/tech/google-fires-28-employees-for-protesting-companys-cloud-deal-with-israel-382f4a50">reported</a> on Friday.
In an email, Pichai announced a restructuring of Google&#8217;s devices and mobile software divisions, asserting that Google is not a platform for disruptive debates or political disputes. 
He stated, &#8220;This is too important a moment as a company for us to be distracted.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Disagrees With Nvidia&#8217;s Jensen Huang That Anyone Can Make Their Own Neural Network: &#8216;It&#8217;s Insanely Hard&#8217;</a>
Despite the claims from the dismissed employees that not all of them were directly involved in the protests, Google confirmed that all 28 were participants, as validated by video evidence. Google also clarified that none of the employees caused property damage or threatened others during the protests.
Why It Matters: This decision<a href="https://www.benzinga.com/markets/equities/24/04/38306735/google-reportedly-fires-28-staff-members-over-israel-cloud-contract-protests-majority-of-our-emp"> follows the suspension</a> and subsequent arrest of nine workers. The employees were protesting Google&#8217;s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes Amazon.
The protests took place at Google's New York and California offices. This incident has drawn criticism from venture capitalist Marc Andreessen, who highlighted the <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies">alarming state of affairs at Google</a> and its implications for AI safety. Andreessen&#8217;s concerns echo those of Elon Musk about the potential dangers of AI.
Price Action: On Thursday, Google closed slightly lower at $155.97. It was trading 0.37% lower during the pre-market session on Friday.
Read Next: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217;</a>
Photo via Shutterstock
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Sundar Pichai Announces Restructure After Google Fires Protesting Employees: 'Too Important A Moment As A Company To Be Distracted'

<ul>
<li>TSLA</li>
<li>DJT</li>
<li>NFLX</li>
<li>NVDA</li>
<li>TSM</li>
<li>GLD</li>
<li>ES</li>
<li>QQQ</li>
<li>HOOD</li>
<li>CORN</li>
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Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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Top 10 Trending Stocks On WallStreetBets As Of April 19, 2024 (Via Swaggy Stocks)

Charlotte Flair, the daughter of wrestling legend Ric Flair, continues to forge a remarkable path in professional wrestling, closely mirroring her <a href="https://www.benzinga.com/markets/cannabis/24/04/38303764/exclusive-mike-tyson-or-ric-flair-who-can-smoke-more-weed">father&#8217;s charismatic legacy. </a>
With an early start in World Championship Wrestling as a child, Flair has become a formidable athlete and a central figure in WWE. She&#8217;s acclaimed as a 14-time women&#8217;s world champion across various WWE platforms, embodying the prowess and resilience her lineage is known for.
<h3 class="wp-block-heading" id="h-strategic-career-advancements">Strategic Career Advancements</h3>
Flair has recently secured her future with WWE by signing a new, lucrative, long-term contract, confirming her position as one of the top female wrestlers in the sport. This deal is notable for its generous financial terms, making it one of the highest-paying contracts awarded to a female wrestler within WWE. 
It underscores her pivotal role and immense value to the wrestling franchise, highlighting her status as a marquee athlete.
In addition to substantial compensation, Flair&#8217;s contract includes exclusive perks such as a personal travel bus, a luxury usually reserved for the most prominent and influential stars. 
This provision emphasizes WWE&#8217;s commitment to Flair&#8217;s comfort and mobility, ensuring she maintains her rigorous schedule in peak condition. It reflects the organization&#8217;s strategic approach to retaining talent and enhancing its brand while solidifying its loyalty amidst a competitive landscape with rivals like AEW actively seeking top performers.
<h3 class="wp-block-heading" id="h-impact-and-influence-of-the-mat">Impact and Influence Of the Mat</h3>
The Detroit event promises to be an influential gathering for sports enthusiasts and business professionals. It is designed to provide insights into sports figures&#8217; strategic moves beyond their athletic careers, featuring sessions on business strategies and insider knowledge from industry leaders. 
Flair&#8217;s participation highlights her ongoing influence in and out of the ring as she continues to embody the crossover success between sports performance and business insights.
Flair&#8217;s ongoing commitments to wrestling and contributions to sports business discussions position her as a pivotal figure in the evolving relationship between sports and business worlds. Her upcoming talk in Detroit is anticipated for its content and the inspirational presence she will bring to the event.
<h3 class="wp-block-heading" id="h-why-you-should-attend-benzinga-s-draft-event">Why You Should Attend Benzinga&#8217;s Draft Event</h3>
Benzinga is a leader in the events space. It has the experience to connect its audience with speakers, panelists, and other attendees. The financial media company has organized 32 &#8220;Business Titans&#8221; events and is known globally for its popular, high-profile gatherings.
The Benzinga Sports Business Titans event features a strong lineup of speakers from the sports and business worlds. Each guest will share their journeys of entrepreneurship and investments. Athletes, social media stars, and business leaders will share advice and provide a behind-the-scenes look at how sports and business often intersect. <a href="https://www.benzinga.com/nfldraft/" target="_blank" rel="noreferrer noopener">Get tickets here</a>.
Now Read: <a href="https://www.benzinga.com/general/sports-betting/24/04/38318190/michigan-wolverines-will-have-6-high-demand-players-in-2024-nfl-draft-will-history-repeat-">Michigan Wolverines Will Have 6 High-Demand Players In 2024 NFL Draft: Will History Repeat Itself?</a>
Photo: Shutterstock

Sports

WWE Superstar Charlotte Flair Body Slams Expectations: Takes Center Stage At Benzinga NFL Draft

Wedbush analyst Seth Basham reiterates Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and raises the price target from $140 to $170.

Wedbush Reiterates Neutral on Genuine Parts, Raises Price Target to $170

Barclays analyst Simon Coles maintains Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) with a Overweight and raises the price target from $145 to $150.

Barclays Maintains Overweight on Taiwan Semiconductor, Raises Price Target to $150

Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has introduced a novel shopping application for Taobao, China&#8217;s largest online market. The application&nbsp;is designed&nbsp;for&nbsp;Apple Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Vision Pro mixed-reality headset.&nbsp;
This initiative emerges as Chinese consumers eagerly anticipate the headset&#8217;s launch in China, which Apple CEO Tim Cook anticipates later this year.&nbsp;
The application, which debuted last Friday, is currently compatible with the Vision Pro headset, priced at $3,499, and available only in the United States, SCMP&nbsp;<a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3259496/alibabas-taobao-launches-3d-capable-shopping-app-ahead-apples-mainland-release-vision-pro-mixed" rel="noreferrer noopener">reports</a>.
Early adopters in China, who acquired the headset from the US, have shared their positive experiences with Taobao&#8217;s 3D app on social media, applauding its enhanced product visualization features.
The app offers users a more immersive view of Taobao&#8217;s diverse product range, such as electronics, home appliances, and furniture, making these items appear as they would in real life.&nbsp;
For instance, users can see a DJI drone in 3D, complete with spinning propellers, and interact with it through hand gestures to view detailed aspects from every angle. Despite its innovative approach, feedback suggests that the virtual representation of product sizes could be more accurate.
Currently in its testing phase, the final version of Taobao&#8217;s 3D shopping app will launch concurrently with the Vision Pro&#8217;s official release in China. In addition to the shopping app, Alibaba has&nbsp;also&nbsp;launched a DingTalk app for Vision Pro, enabling workplace communication in a virtual 3D setting with message sending, video meetings, and interactive screen option features.
Taobao&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37289015/alibaba-to-sell-suning-stake-at-huge-loss-strategic-shift-or-financial-misstep" rel="noreferrer noopener">recently established a</a>&nbsp;live commerce subsidiary within Taobao Live, leveraging its momentum during significant events such as the Singles&#8217; Day festival, significantly increasing its gross merchandise value (GMV). Concurrently, Alibaba is expanding its international footprint, with its global e-commerce division—encompassing platforms like AliExpress, Lazada, Daraz, and Trendyol—experiencing a 44% surge in revenue to $4 billion during the December quarter, outpacing the growth of its leading e-commerce platforms, Taobao and Tmall Group.
Alibaba stock plunged over 26% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and&nbsp;Tidal Trust II CoreValues Alpha Greater China Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGRO#NYSE">CGRO</a>).
Price Action:&nbsp;BABA shares traded lower by 0.62% at $68.45 premarket on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

AAPL

BABA

CGRO

PowerShares Golden Dragon Halter USX China Portfolio

Alibaba's Taobao Launches 3D Shopping App for Apple's Vision Pro - A New Era for Online Retail in China

Jefferies analyst Yaron Kinar maintains Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) with a Hold and lowers the price target from $222 to $219.

Jefferies Maintains Hold on Travelers Companies, Lowers Price Target to $219

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 analyst ratings page.
<ul>
<li>Wells Fargo cut the price target for Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) from $11 to $6. Wells Fargo analyst Praneeth Satish downgraded the stock from Overweight to Equal-Weight. Sunnova Energy shares fell 3.6% to close at $3.78 on Wednesday. See how other analysts view this stock.</li>
<li>UBS boosted the price target for D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) from $192 to $200. UBS analyst John Lovallo maintained a Buy rating. D.R. Horton shares rose 0.1% to close at $145.88 on Thursday. See how other analysts view this stock.</li>
<li>UBS increased Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) price target from $113 to $141. UBS analyst David Vogt maintained a Buy rating. Dell shares fell 1% to close at $118.37 on Thursday. See how other analysts view this stock.</li>
<li>Pivotal Research boosted the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $765 to $800. Pivotal Research analyst Jeffrey Wlodarczak maintained a Buy rating. Netflix shares fell 0.5% to close at $610.56 on Thursday. See how other analysts view this stock.</li>
<li>Baird increased Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) price target from $95 to $98. Baird analyst David Koning maintained an Outperform rating. Block shares fell 2% to close at $72.06 on Thursday. See how other analysts view this stock.</li>
<li>JMP Securities boosted Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) price target from $61 to $66. JMP Securities analyst Jordan Bender maintained a Market Outperform rating. Red Rock Resorts shares fell 1.4% to close at $57.86 on Thursday. See how other analysts view this stock.</li>
<li>Morgan Stanley raised the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $74 to $85. Morgan Stanley analyst Keith Weiss upgraded the stock from Equal-Weight to Overweight. Shopify shares rose 0.1% to close at $69.51 on Thursday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group raised Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) price target from $250 to $275. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Tractor Supply shares slipped 0.02% to close at $247.35 on Thursday. See how other analysts view this stock.</li>
<li>B of A Securities boosted Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) price target from $50 to $56. B of A Securities analyst Andrew Didora maintained a Buy rating. Alaska Air shares rose 4% to close at $44.44 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies slashed Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $585 to $438. Jefferies analyst Ashley Helgans downgraded the stock from Buy to Hold. Ulta Beauty shares rose 0.1% to close at $425.11 on Thursday. See how other analysts view this stock.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38329059/netflix-procter-gamble-and-3-stocks-to-watch-heading-into-friday">Netflix, Procter &amp; Gamble And 3 Stocks To Watch Heading Into Friday</a>

DELL

SHOP

TSCO

ULTA

Netflix To Rally Around 31%? Here Are 10 Top Analyst Forecasts For Friday

Nordstrom Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) said its Board of Directors had formed a special committee of independent directors to explore a range of strategic,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38323727/nordstrom-forms-special-committee-of-independent-directors-in-response-to-erik-and-pete-nordstrom-" rel="noreferrer noopener">financial&nbsp;and&nbsp;operational alternatives</a>.
The move comes after CEO Erik Nordstrom and President Pete Nordstrom notified the Board of their interest in pursuing a potential transaction to take the company private.
The special committee will carefully evaluate any&nbsp;proposal&nbsp;from Erik and Pete Nordstrom and&nbsp;any proposals from&nbsp;other parties to see if they are in the best interests of Nordstrom and all shareholders.
This move by Erik&nbsp;and Pete aligns with&nbsp;the challenges facing U.S. department stores&nbsp;amid inflation and borrowing concerns, reported Reuters.
The&nbsp;formation of the committee&nbsp;signals the company&#8217;s openness to evaluate external proposals as well.
The company&#8217;s market capitalization stands at approximately $3.06 billion, as per LSEG data.
The founding family&#8217;s interest in taking Nordstrom private was initially reported in March, marking a renewed effort after an unsuccessful attempt in 2018. The company rejected a bid valued at $8.4 billion, citing undervaluation. Challenges in securing debt financing and disagreement over the price contributed to the breakdown in negotiations.
The family, collectively owning around 30% of outstanding shares, underscores their significant influence in the company&#8217;s decision-making process.
Rival&nbsp;Macy&#8217;s Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) has also received privatization offers from investors&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37449882/why-is-department-store-chain-macys-stock-surging-today" rel="noreferrer noopener">Arkhouse Management Co. LP and Brigade Capital Management, LP</a>&nbsp;in recent months, indicating a broader trend within the retail sector.
Price Action: JWN shares are trading higher by 0.16% at $18.76 in premarket on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Nordstrom Considers Go-Private Proposal Amid Retail Sector Struggles

Truist Securities analyst Neal Dingmann initiates coverage on Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) with a Buy rating and announces Price Target of $46.

Initiation

Truist Securities Initiates Coverage On Delek Logistics Partners with Buy Rating, Announces Price Target of $46

Wedbush analyst Tom Nikic reiterates Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Outperform and maintains $68 price target.

Wedbush Reiterates Outperform on Skechers USA, Maintains $68 Price Target

JP Morgan analyst Steven Alexopoulos maintains Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) with a Overweight and lowers the price target from $50 to $48.

JP Morgan Maintains Overweight on Synovus Finl, Lowers Price Target to $48

D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/04/38315651/why-builder-d-r-horton-shares-are-surging-today">financial results on Thursday</a>.
D.R. Horton posted GAAP EPS of $3.52, topping market estimates of $3.07. The company&#8217;s sales came in at $9.100 billion versus expectations of $8.266 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
D.R. Horton had 45,000 homes in inventory, of which 27,600 were unsold as of March 31, 2024.
D.R. Horton updated FY24 outlook for revenue to $36.7 billion to $37.7 billion (prior view $36 billion-$37.3 billion) vs. the consensus of $36.32 billion. It now expects Homes closed to be 89,000 homes to 91,000 homes (prior view 87,000 homes-90,000 homes). DHI reiterated cash provided by operations guidance of around $3 billion and currently expects share repurchases of ~$1.6 billion.
Donald R. Horton, Chairman of the Board, said, &#8220;The D.R. Horton team delivered solid results in the second fiscal quarter of 2024, highlighted by earnings of $3.52 per diluted share. Consolidated pre-tax income increased 23% to $1.5 billion on a 14% increase in revenues to $9.1 billion, with a pre-tax profit margin of 16.8%.&#8221;
D.R. Horton shares rose 0.1% to close at $145.88 on Thursday.
These analysts made changes to their price targets on D.R. Horton following earnings announcement.
<ul>
<li>UBS raised the price target on D.R. Horton from $192 to $200. UBS analyst John Lovallo maintained a Buy rating.</li>
<li>Barclays cut the price target on D.R. Horton from $186 to $176. Barclays analyst Matthew Bouley maintained an Overweight rating.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38333390/how-to-earn-500-a-month-from-innovative-industrial-properties-stock">How To Earn $500 A Month From Innovative Industrial Properties Stock</a>

These Analysts Revise Their Forecasts On D.R. Horton After Q2 Results

Susquehanna analyst James Friedman maintains StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) with a Positive and lowers the price target from $23 to $22.

Susquehanna Maintains Positive on StoneCo, Lowers Price Target to $22

WIIM

Li Auto shares are trading lower amid overall weakness in US-listed Chinese stocks. Markets may be experiencing volatility amid Israel-Iran conflict.

Super Micro Computer, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced it will present a live audio webcast of a conference call to review its third quarter fiscal 2024 financial results on Tuesday, April 30, 2024 at 5:00 p.m. ET / 2:00 p.m. PT.
The webcast will be available at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.supermicro.com&amp;esheet=53939032&amp;newsitemid=20240419455585&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.supermicro.com&amp;index=1&amp;md5=0f4a9f429062cd474cbb52cb31c82660">https://ir.supermicro.com</a>.
A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year.

SMCI

Supermicro To Announce Q3 Fiscal 2024 Earnings On April 30, 2024

Invivyd (IVVD – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Maxwell Skor from Morgan Sta...

Maintaining Buy on Invivyd: Pemgarda's EUA and Market Growth Potential

Morgan Stanley ups Invivyd to overweight, cites FDA EUA decision

Adagio Therapeutics GAAP EPS of -$1.81

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	The post <a href="https://investorplace.com/earning-results/2024/03/ivvd-stock-earnings-invivyd-for-q4-of-2023/">IVVD Stock Earnings: Invivyd Misses EPS for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

IVVD Stock Earnings: Invivyd Misses EPS for Q4 2023

Invivyd (IVVD) has disclosed a new risk, in the Regulation category. Invivyd faces a significant business risk with its EUA for PEMGARDA, which hin...

Invivyd's Financial Stability Hangs in the Balance as HHS Reviews PEMGARDA's Emergency Use Authorization

At the height of the COVID-19 pandemic, biotech companies swiftly responded with innovative solutions in record time. Despite ongoing variants, the...

Invivyd (NASDAQ:IVVD): Innovative COVID Treatment but a Speculative Investment

Invivyd provides Pemgarda 2024 net product revenue guidance

There's a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Nuvectis Pharma (NVCT – Research Report) and Invivyd...

Analysts Offer Insights on Healthcare Companies: Nuvectis Pharma (NVCT) and Invivyd (IVVD)

Invivyd appoints Jeremy Gowler as interim CEO

Invivyd (IVVD) just unveiled an announcement. Invivyd, Inc. has announced the departure of Chief Executive Officer and Director David Hering, effec...

Invivyd Announces CEO Departure and Interim Leadership Change

NVCT

Health Care

Press Releases

Invivyd Announces Positive Initial Results from Ongoing CANOPY Phase 3 Pivotal Clinical Trial Investigating VYD222 for the Prevention of COVID-19

Invivyd Submits Request for Emergency Use Authorization (EUA) to U.S. FDA for VYD222 for the Pre-exposure Prevention of COVID-19 in Immunocompromised Adults and Adolescents

Invivyd to Participate at the Guggenheim Healthcare Talks 6th Annual Biotechnology Conference

Invivyd Announces FDA Authorization for Emergency Use of PEMGARDA™ (Formerly VYD222) for  Pre-exposure Prophylaxis (PrEP) of COVID-19

Invivyd Announces Interim Exploratory Data on VYD222 from Ongoing CANOPY Clinical Trial

Opinion

Thinking about buying stock in Intellicheck, Vanda Pharmaceuticals, Dave Inc, Invivyd, or Dream Finders Homes?

Invivyd Reports Full Year 2023 Financial Results and Recent Business Highlights

Invivyd Provides PEMGARDA™ Launch Update and Announces 2024 Net Product Revenue Guidance in the Range of $150 Million to $200 Million

Management

Invivyd Announces CEO Transition

Invivyd Receives Healthcare Common Procedure Coding System (HCPCS) Reimbursement Codes from the U.S. Centers for Medicare & Medicaid Services (CMS) Covering PEMGARDA™