Kid Brands Stock (OTC:KIDBQ), Trade Ideas

Kid Brands Inc is a designer, importer, marketer and distributor of branded infant and juvenile consumer products.

Kid Brands Inc

News

Guidance

A.O. Smith Reaffirmed FY24 Net Sales Of $3.97B-$4.05B Vs. $4.015B Est.; Adjusted EPS Of $3.90-$4.15 Vs. $4.08 Est.

Garrett Motion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTX#NASDAQ">GTX</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent. The company reported quarterly sales of $915.000 million which missed the analyst consensus estimate of $954.500 million by 4.14 percent. This is a 5.67 percent decrease over sales of $970.000 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Garrett Motion Q1 2024 GAAP EPS $0.28 Beats $0.25 Estimate, Sales $915.000M Miss $954.500M Estimate

Arch Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) reported quarterly earnings of $2.98 per share which missed the analyst consensus estimate of $3.32 by 10.24 percent. The company reported quarterly sales of $680.190 million which beat the analyst consensus estimate of $596.592 million by 14.01 percent. This is a 21.81 percent decrease over sales of $869.931 million the same period last year.

ARCH

Arch Resources Q1 2024 GAAP EPS $2.98 Misses $3.32 Estimate, Sales $680.190M Beat $596.592M Estimate

On Wednesday, April 24, the U.S. stock markets closed mixed&nbsp;as&nbsp;the S&amp;P 500&nbsp;closed&nbsp;higher, influenced by rising Treasury yields following a $70 billion auction and positive tech earnings.&nbsp;
The Dow fell, but the Nasdaq rose, with consumer staples and real estate sectors leading gains.
According to economic data, U.S. mortgage applications dropped 2.7% in the week ending April 19. Meanwhile, orders for durable goods increased by 2.6% in March, and crude oil inventories unexpectedly fell by 6.368 million barrels, defying expectations of a gain.
Seven of the eleven S&amp;P 500 sectors saw advances, with the leading performances in consumer staples, utilities, consumer discretionary, and real estate stocks.
The Dow Jones Industrial Average declined 0.11% to close at 38,460.92. The S&amp;P 500 rose 0.02%, ending the day at 5,071.63, and the Nasdaq Composite climbed 0.10%, finishing the session at 15,712.75.
Asian Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 index closed down 2.16% at 37,628.48. Investors eyed the critical Bank of Japan monetary policy decision on Friday amidst a weakening yen and surging oil prices.</li>
<li>Australia markets closed for ANZAC Day.</li>
<li>India&#8217;s Nifty 50 closed higher by 0.75% at 22,570.35, and the Nifty 500 rose 0.66%, closing at 20,867.90.</li>
<li>China&#8217;s Shanghai Composite gained 0.27% to end the session at 3,052.90, and the Shenzhen CSI 300 rose 0.25%, closing at 3,530.28.</li>
<li>Hong Kong&#8217;s Hang Seng Index gained 0.48%, concluding the day at 17,284.54.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.51%.</li>
<li>Germany&#8217;s DAX declined 0.53%.</li>
<li>France&#8217;s CAC slipped 0.61%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.64%.</li>
<li>European stocks dipped as traders reacted to mixed earnings from major companies, while the UK&#8217;s FTSE 100 gained, boosted by&nbsp;Anglo American&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38423994/worlds-largest-miner-bhp-bids-to-takeover-anglo-american-as-hunt-for-resources-intensify" rel="noreferrer noopener">surging after a buyout offer from BHP Group</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>).</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.04 % at $82.78/bbl, and Brent was up 0.01% at $88.03 bbl.</li>
<li>Natural Gas declined 0.40% to $1.197.</li>
<li>Gold was trading lower by 0.01% at $2,338.05, Silver gained 0.20% to $27.398, while Copper was up 1.44% at $4.5215.</li>
</ul>
US Futures at 06:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dow futures were down 0.37%, S&amp;P 500 futures slid 0.53%, and Nasdaq 100 Futures fell 0.82%.
Forex at 06:00 AM ET
The U.S. Dollar Index declined 0.24% to 105.60, USD/JPY was up 0.19% to 155.62, and USD/AUD slipped 0.46% to 1.5319.
Photo via Shutterstock

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Markets

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CurrencyShares British Pound Sterling Trust

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IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Markets Mixed, Europe Dips; Copper Prices Rise On BHP's Buyout Offer To Anglo American - Global Markets Today While US Slept

ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 45.45 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $1.209 billion which beat the analyst consensus estimate of $1.192 billion by 1.45 percent. This is a 25.00 percent decrease over sales of $1.612 billion the same period last year.

ADT Q1 2024 Adj EPS $0.16 Beats $0.12 Estimate, Sales $1.209B Beat $1.192B Estimate

Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Northern Technologies International</h3>
<ul>
<li>The Trade: Northern Technologies International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) Director Sarah E. Kemp <a href="https://www.benzinga.com/quote/NTIC/analyst-ratings">acquired a total of 1,275 shares</a> at  an average price of $15.70. To acquire these shares, it cost around $20,018.</li>
<li>What's Happening: On April 11, Northern Technologies International reported better-than-expected second-quarter adjusted EPS results.</li>
<li>What Northern Technologies International Does: Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents.</li>
</ul>
<h3 class="wp-block-heading">Harrow</h3>
<ul>
<li>The Trade: Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) 10% owner Opaleye Management Inc. acquired a total of 20,000 shares at an average price of $10.23. To acquire these shares, it cost around $204,640.</li>
<li>What's Happening: On April 11, Craig-Hallum initiated coverage on Harrow with a Buy rating and announced a price target of $24.</li>
<li>What Harrow Does: Harrow Inc is an eyecare pharmaceutical company engaged in the discovery, development, and commercialization of ophthalmic pharmaceutical products for the U.S. market.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">RXO</h3>
<ul>
<li>The Trade: RXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXO#NYSE">RXO</a>) 10% owner Farhad Nanji <a href="ttps://www.benzinga.com/sec/insider-trades/">bought a total of 100,000 shares</a> at an average price of $19.82. To acquire these shares, it cost around $1.98 million.</li>
<li>What's Happening: RXO said it will issue its first-quarter financial results before the opening bell on May 2, 2024.</li>
<li>What RXO Does: RXO Inc is a brokered transportation platform defined by cutting-edge technology and a nimble, asset-light business model, with the largest component being core truck brokerage business.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38423090/honeywell-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-street">Honeywell Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

Long Ideas

Insider Trades

Pre-Market Outlook

Trading Ideas

HROW

NTIC

Around $2M Bet On This Industrial Stock? Check Out These 3 Stocks Insiders Are Buying

A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.98 by 2.04 percent. The company reported quarterly sales of $978.800 million which missed the analyst consensus estimate of $995.973 million by 1.72 percent. This is a 1.28 percent increase over sales of $966.400 million the same period last year.

A.O. Smith Q1 2024 Adj EPS $1.00 Beats $0.98 Estimate, Sales $978.800M Miss $995.973M Estimate

Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) reported quarterly earnings of $1.61 per share which missed the analyst consensus estimate of $1.68 by 4.17 percent. The company reported quarterly sales of $933.000 million which missed the analyst consensus estimate of $977.869 million by 4.59 percent. This is a 3.52 percent decrease over sales of $967.000 million the same period last year.

Visteon Q1 2024 Adj EPS $1.61 Misses $1.68 Estimate, Sales $933.000M Miss $977.869M Estimate

Harley-Davidson Sees LiveWire Operating Loss Of $105M-$115M Vs Prior Loss Of $115M-$125M

Business&nbsp;Outlook
Reliance expects a better than normal seasonal recovery in demand in the&nbsp;second quarter&nbsp;of 2024 despite prevailing macroeconomic uncertainty and geopolitical matters. Accordingly, the Company estimates its tons sold will be up&nbsp;2.5%&nbsp;to&nbsp;4.5%&nbsp;in the&nbsp;second quarter&nbsp;of 2024 compared to the&nbsp;first quarter&nbsp;of 2024, with approximately&nbsp;2%&nbsp;of the sequential growth coming from recently completed acquisitions on April 1, 2024. In addition, Reliance expects its average selling price per ton sold for the&nbsp;second quarter&nbsp;of 2024 to be down&nbsp;1%&nbsp;to&nbsp;3%&nbsp;compared to the&nbsp;first quarter&nbsp;of 2024. The Company also anticipates short term gross profit margin pressure in the&nbsp;second quarter&nbsp;of 2024 as it works through higher cost inventory on hand. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of&nbsp;$4.70&nbsp;to&nbsp;$4.90&nbsp;for the&nbsp;second quarter&nbsp;of 2024.

Reliance Expects Q2 Adj EPS of $4.70-$4.90 Vs $5.35 Est

Wedbush analyst Nick Setyan maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and raises the price target from $2850 to $3200.

Price Target

Analyst Ratings

Wedbush Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $3200

&quot;We are taking additional steps to reduce expenses while maintaining our customer experience and service. These additional measures are directed at better aligning our cost structure with the current environment,&quot; the company said.

MarineMax Says Q2 Performance Was Impacted By Ongoing Softness In The Marine Market

Bread Financial Sees FY23 Revenue Excluding Gain On Sale Down Mid-To-High-Teens, Avg. Loans Down Low-Single Digits

Harley-Davidson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.51 by 13.91 percent. The company reported quarterly sales of $1.73 billion which beat the analyst consensus estimate of $1.34 billion by 29.15 percent. This is a 10.47 percent increase over sales of $1.57 billion the same period last year.

Harley-Davidson Q1 2024 Adj EPS $1.72 Beats $1.51 Estimate, Sales $1.73B Beat $1.34B Estimate

Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>) reported quarterly earnings of $2.70 per share which missed the analyst consensus estimate of $3.21 by 15.89 percent. The company reported quarterly sales of $991.000 million which missed the analyst consensus estimate of $996.988 million by 0.60 percent. This is a 23.12 percent decrease over sales of $1.289 billion the same period last year.

Bread Finl Hldgs Q1 2024 GAAP EPS $2.70 Misses $3.21 Estimate, Sales $991.000M Miss $996.988M Estimate

Northrop Grumman Reiterates FY2024 Outlook: Adj EPS $24.45-24.85 vs $24.65 Est; Sees Sales $40.800B-41.200B vs $41.11B Est

Reliance Steel &amp; Aluminum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) reported quarterly earnings of $5.30 per share which missed the analyst consensus estimate of $5.55 by 4.5 percent. This is a 12.05 percent increase over earnings of $4.73 per share from the same period last year. The company reported quarterly sales of $3.645 billion which missed the analyst consensus estimate of $3.757 billion by 3.00 percent. This is a 8.08 percent decrease over sales of $3.965 billion the same period last year.

Reliance Steel & Aluminum Q1 2024 Adj EPS $5.30 Misses $5.55 Estimate, Sales $3.645B Miss $3.757B Estimate

Baird analyst Benjamin Hartford maintains Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) with a Outperform and lowers the price target from $64 to $60.

Baird Maintains Outperform on Knight-Swift, Lowers Price Target to $60

Asbury Automotive Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABG#NYSE">ABG</a>) reported quarterly sales of $4.201 billion which missed the analyst consensus estimate of $4.264 billion by 1.48 percent. This is a 17.28 percent increase over sales of $3.582 billion the same period last year.

Asbury Automotive Q1 Sales $4.201B Miss $4.264B Estimate

Bombardier (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BDRBF#OTC">BDRBF</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.28 by 28.57 percent. This is a 66.04 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $1.281 billion which missed the analyst consensus estimate of $1.482 billion by 13.56 percent. This is a 11.84 percent decrease over sales of $1.453 billion the same period last year.