Kisses From Italy Stock (OTC:KITL), Trade Ideas

Kisses From Italy Inc in Florida is engaged in developing a fast-casual food dining chain restaurant business. It offers deli paninis including fresh cheese Panini, prosciutto, salami, calicollo, bresaola, and turkey paninis. The company also offers espresso, cappuccino, and other coffee drinks, soft drinks, bottled water, and juices, as well as various flavors of granite. In addition to its company operated restaurants, it is engaged in franchising restaurant concept so that it can build market share and brand awareness.

KISSES FROM ITALY INC by Kisses from Italy Inc.

Kisses From Italy Inc

JP Morgan analyst Mark Murphy maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Overweight and raises the price target from $440 to $470.

News

Price Target

Analyst Ratings

MSFT

JP Morgan Maintains Overweight on Microsoft, Raises Price Target to $470

Needham analyst Mike Matson maintains ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) with a Buy and raises the price target from $224 to $236.

Needham Maintains Buy on ResMed, Raises Price Target to $236

Company&nbsp;will discuss its full financial results for the&nbsp;first quarter&nbsp;2024 and its revenue&nbsp;outlook&nbsp;for the remainder of the year on its earnings call on Wednesday, May 8, 2024, at 8 a.m. Eastern Time (8 p.m. China Time).

ACMR

ACM Research, Re-affirms Full Year 2024 Revenue Outlook In The Range Of $650M-$725M Vs. $701.7M Estimate, Which Would Represent Year-to-year Growth Of 17%-30%

For fiscal year 2024, the Company projects approximately:
<ul>
<li>Net sales of&nbsp;$2.95 billion&nbsp;to&nbsp;$3.0 billion&nbsp;($2.95 billion&nbsp;in fiscal 2023);</li>
<li>Comparable to mid-single-digit growth in adjusted operating income ($328 million&nbsp;in fiscal 2023);</li>
<li>Low to mid-single-digit growth in adjusted diluted earnings per share ($6.19&nbsp;in fiscal 2023);</li>
<li>Operating cash flow in excess of&nbsp;$250 million; and</li>
<li>Capital expenditures of&nbsp;$80 million.</li>
</ul>
Our forecast for fiscal year 2024 assumes:
<ul>
<li>Improved macroeconomic environment and consumer demand as the year progresses, with a return to low single-digit comparable sales growth in U.S. Retail in the second half;</li>
<li>Continued conservative inventory commitments by some wholesale customers;</li>
<li>Gross margin expansion;</li>
<li>Increased SG&amp;A, reflecting higher growth-related investments and inflation, partially offset by productivity initiatives;</li>
<li>Lower net interest expense;</li>
<li>Higher effective tax rate; and</li>
<li>Continued return of capital.</li>
</ul>

Earnings

Guidance

Carter's 2024 Outlook: Expects Net Sales Of $2.95B-$3.0B Vs. $2.959B Consensus; Sees Adjusted EPS Growth Of Low To Mid-Single-Digit And Operating Cash Flow In Excess Of $250M

For the&nbsp;second quarter&nbsp;of fiscal 2024, the Company expects approximately:
<ul>
<li>$560 million&nbsp;to&nbsp;$570 million&nbsp;in net sales ($600 million&nbsp;in&nbsp;Q2&nbsp;fiscal 2023);</li>
<li>$25 million&nbsp;to&nbsp;$30 million&nbsp;in adjusted operating income ($38 million&nbsp;in&nbsp;Q2&nbsp;fiscal 2023); and</li>
<li>$0.35&nbsp;to&nbsp;$0.45&nbsp;in adjusted diluted earnings per share ($0.64&nbsp;in&nbsp;Q2&nbsp;fiscal 2023).</li>
</ul>
Our forecast for the&nbsp;second quarter&nbsp;of fiscal 2024 assumes:
<ul>
<li>Continued inflationary pressure on families with young children;</li>
<li>Slow start to Spring selling, we believe due to the late arrival of warmer weather;</li>
<li>Improved gross margin;</li>
<li>Comparable SG&amp;A;</li>
<li>Lower net interest expense and effective tax rate; and</li>
<li>Continued return of capital.</li>
</ul>

Carter's Q2 Outlook: Expects Net Sales of $560M-$570M Vs. $613M Consensus; Sees Adjusted EPS of $0.35-$0.45 Vs. $0.80 Consensus

Needham analyst Joseph Stringer reiterates Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Hold.

Reiteration

GILD

Needham Reiterates Hold on Gilead Sciences

ACM Research Says Preliminary Unaudited Revenue For Q1 Is Expected To Be $150M-$152M Vs. $152.41M Estimate; Preliminary Total Shipments Are Expected To Be In The Range Of $235M-$240M

JP Morgan analyst Jeffrey Zekauskas upgrades Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from Neutral to Overweight and raises the price target from $55 to $61.

Upgrades

JP Morgan Upgrades Dow to Overweight, Raises Price Target to $61

The U.S. auto safety regulator has started an investigation into the remedy offered by EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) for the recall of over 2 million vehicles it issued in December. 
Tesla in December<a href="https://www.benzinga.com/news/23/12/36212289/tesla-issues-massive-recall-of-over-2m-vehicles-over-autosteer-concerns"> recalled 2.03 million vehicles</a> equipped with all versions of Autosteer after deeming the feature's controls to be insufficient to prevent misuse.
What Happened: The EV maker then said it would resolve the issue with a software update. However, despite deploying the remedy, the National Highway Traffic Safety Administration&#8217;s Office of Defects Investigation has identified concerns. 
These concerns are due to post-remedy crash events and the results of the preliminary tests conducted by the agency of these remedied vehicles, it said. 
Hence, the agency the agency has commenced a &#8220;recall query investigation,&#8221; it said. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38452299/tesla-ceo-elon-musk-denies-human-rights-abuses-in-most-ev-battery-production-those-that-do-use-very" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: ‘Those That Do…Use Very Little'</a>

Government

Regulations

Tech

TSLA

BREAKING: NHTSA Starts Probe Into Tesla's Software Fix For 2M Vehicles Recalled In December

Wolfe Research analyst Deepak Mathivanan maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $180 to $200.

GOOG

GOOGL

Wolfe Research Maintains Outperform on Alphabet, Raises Price Target to $200

Chevron Q1 Worldwide Production +12% Y/Y

As the &#8220;meme coin supercycle&#8221; chugs on, several traders have chipped in with lofty price predictions about which meme coins could <a href="https://editorial.benzinga.com/wp-admin/What%20DOGE%20And%20SHIB%20Holders%20Can%20Learn%20From%20This%20Meme%20Coin%20Millionaire's%20Trading%20Strategies">net traders massive gains</a>.
What Happened:  Pseudonymous cryptocurrency influencer Crash, who famously turned $15,000 into over $5 million with a meme coin, predicted several new memes to emulate the success of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), and Floki Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) in the previous cycle:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">DOGE SHIB FLOKI made ppl rich last cycle This cycle it's BRETT on Base BOBO on eth PEPE on ETH REDO on TON Yes these are my meme bags. And yes they are and will continue to outperform 99.999% this cycle <a href="https://t.co/yRxZNABPgx">pic.twitter.com/yRxZNABPgx</a>
&mdash; Crash (@CrashiusClay69) <a href="https://twitter.com/CrashiusClay69/status/1782766161261658295?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
For this cycle, Brett (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BRETT</a>) on Base, Bobo (BOBO) on Ethereum, Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) on Ethereum, and Resistance Dog (REDO) on TON will be the top performers, outperforming 99.999% of other cryptocurrencies, according to Crash.
Another notable trader, Vapor, <a href="https://twitter.com/trading_vapor/status/1783048913139777845">argues</a> that while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is widely recognized as the &#8220;hardest asset on earth,&#8221; the best way for investors with small capital to accumulate more Bitcoins is by &#8220;playing the altcoin game.&#8221; He states that &#8220;alt-seasons are where life-changing money is made.&#8221;
However, the tweet highlights that the altcoin landscape has changed, and asset selection now matters more than ever. They attribute this to two main factors:
<ul>
<li>Increasing recognition of Bitcoin as a flight to safety</li>
<li>Difficulty in finding obvious criteria to select good altcoins amid a sheer number of available options and complex fundamentals.</li>
</ul>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">Only Dogecoin And Shiba Inu Have Crossed The $10B Meme Coin Mark: &#8216;Who Will Be The Third?,&#8217; Muses Crypto Whale</a>
Why It Matters:  The trader notes that the public struggles to understand the complex narratives surrounding many altcoins, making it challenging for them to differentiate between various projects. Altcoin selection as a process is self-reinforcing and is why meme coins outperform during bull runs.
Notable trader Mister Crypto <a href="https://twitter.com/misterrcrypto/status/1783220972998242760">points</a> to Dogecoin and Shiba Inu making millions for those who were early to the meme coin cycle. He picks Pepe, Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>), Brett, and Myro (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MYRO</a>) as the meme coins that will explode this cycle and make traders big money.
Another trader <a href="https://twitter.com/intuitio_/status/1783239411263500713">assumes</a> that if Dogecoin peaks to $100 billion in this cycle from the total 300 billion meme coin valuation, smaller ones will total $50 billion, leaving $150 billion for Pepe and many others. He is curious to see which meme coin will come closest to Doge&#8217;s market cap.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BRETT

$BTC

$DOGE

$FLOKI

$MYRO

$PEPE

$SHIB

$WIF

Trader Who Turned $15K Into $5M Predicts These 4 Meme Coins To Emulate The Success Of DOGE, SHIB, FLOKI

Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reported quarterly earnings of $2.93 per share which beat the analyst consensus estimate of $2.87 by 2.09 percent. This is a 17.46 percent decrease over earnings of $3.55 per share from the same period last year. The company reported quarterly sales of $48.716 billion which missed the analyst consensus estimate of $50.661 billion by 3.84 percent. This is a 4.09 percent decrease over sales of $50.793 billion the same period last year.

Earnings Beats

Earnings Misses

Chevron Q1 2024 Adj EPS $2.93 Beats $2.87 Estimate, Sales $48.716B Miss $50.661B Estimate

AVTR

Avantor Reiterated FY24 Revenue of $6.85B-$7.06B Vs $6.96B Est, Adj EPS of $0.96-$1.04 Vs $1.01 Est

Carter's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRI#NYSE">CRI</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $0.77 by 35.06 percent. This is a 6.12 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $661.492 million which beat the analyst consensus estimate of $640.499 million by 3.28 percent. This is a 4.94 percent decrease over sales of $695.880 million the same period last year.

Carter's Q1 2024 Adj EPS $1.04 Beats $0.77 Estimate, Sales $661.492M Beat $640.499M Estimate

Melco Resorts &amp; Entertainment has published its sixth sustainability strategy for the year 2023 &lsquo;RISE to go Above &amp; Beyond&#39;. Continuing to adhere to four key material topics that underline Melco&#39;s commitment to sustainability, including &quot;Restoring our World&quot;, &quot;Inspiring our Communities&quot;, &quot;Sustaining our Supply Chain&quot; and &quot;Empowering our Business&quot;, the strategy drives performance and sustainability initiatives to help the Company reach its ambitious goals.

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

Melco Resorts & Entertainment Says It Generated Over $1.1M For SME Businesses In Macau Through 13 Heart Of House Roadshows With 257 Participating SMEs

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella is set to visit Southeast Asia next week. The agenda for his visit includes discussions on artificial intelligence (AI) with government officials and developers.
What Happened: Nadella&#8217;s visit to Indonesia, Thailand, and Malaysia will focus on Microsoft&#8217;s AI-related plans in the region, <a href="https://www.wsj.com/tech/ai/microsoft-ceo-to-visit-southeast-asia-with-ai-on-agenda-8e7a67f4">reported</a> The Wall Street Journal on Thursday. 
The trip is scheduled to take place after a recent visit by Apple Inc CEO Tim Cook, who expressed interest in investing in manufacturing in Indonesia.
Microsoft has a long-standing relationship with Southeast Asia, a region experiencing a surge in demand for data centers and advanced technologies to drive online commerce, digital transactions, and disruptive tech startups. 
The company&#8217;s Azure cloud-computing unit, which competes with Amazon, Google, and Alibaba in the region, opened its first Southeast Asia data center in Singapore in 2010.
Analysts anticipate substantial regional demand for AI-powered technology, which has already contributed to Microsoft&#8217;s bottom line through its partnership with OpenAI, the company behind ChatGPT. Microsoft has invested around $13 billion in OpenAI to secure a 49% stake in the startup&#8217;s for-profit arm, positioning itself as a major player in the AI race.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38374423/elon-musk-reacts-as-ark-invest-analyst-says-its-going-to-be-very-hard-for-tesla-rivals-to-catch-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As ARK Invest Analyst Says &#8216;It&#8217;s Going To Be Very Hard&#8217; For Tesla Rivals &#8216;To Catch Up To Them&#8217; In Pricing: &#8216;Accurate&#8217;</a>
Azure drives Microsoft&#8217;s AI strategy and a series of AI software assistants called Copilot, powered by the same technology behind ChatGPT. 
The company&#8217;s enthusiasm for AI has continued to drive demand for its software and cloud services, with the Azure business growing 31% from a year earlier in the January-March quarter.
Why It Matters: Nadella&#8217;s visit to Southeast Asia comes on the heels of a <a href="https://www.benzinga.com/news/24/04/38450786/satya-nadella-says-azure-search-also-used-by-chatgpt-is-one-of-the-fastest-growing-services-for-micr">strong demand for Azure</a>, particularly in the field of artificial intelligence (AI). During the third-quarter earnings call, Nadella highlighted Azure as a go-to platform for AI projects, which has significantly contributed to acquiring new customers.
Microsoft&#8217;s <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">third-quarter revenue increased</a> 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share. Microsoft has now beat analyst estimates on both the top and bottom lines in five consecutive quarters, according to earnings data from Benzinga Pro.
On the same day, Nadella announced the company's <a href="https://www.benzinga.com/general/gaming/24/04/38451061/microsoft-ceo-satya-nadella-highlights-record-breaking-gaming-performance-expansion-to-nintendo-sw">record-breaking gaming performance</a> and its expansion to Nintendo Switch and Sony PlayStation. The CEO also highlighted the successful addition of Diablo 4, the first Activision Blizzard title to the Game Pass service. Subscribers played over 10 million hours within the first 10 days, making it one of Microsoft&#8217;s biggest first-party Game Pass launches ever.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models</a>
Microsoft CEO Satya Nadella. Photo by WEF on Flickr
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Asia

Equities

Global

Markets

After Tim Cook, Microsoft's Satya Nadella Plans Southeast Asia Tour, Targets AI Discussions

Large Cap

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.

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

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

Kisses From Italy (KITL) has released an update. Kisses from Italy Inc. and SC Culinary LLC have mutually ended their Strategic Alliance Agreement ...

Kisses From Italy Ends Alliance and Director Steps Down

Kisses From Italy (KITL) has released an update. Kisses from Italy Inc. has been notified by OTC Markets that it no longer meets the OTCQB eligibil...

Kisses From Italy Faces Potential OTCQB Delisting Threat

KITL

Press Releases

Kisses From Italy and Celebrity Chef, Scott Conant, Targeting New York City As Home For Their Joint Ventures' New Concept Flagship Location

Celebrity Chef Scott Conant and Kisses From Italy Proudly Introduce Their Exciting New Concept and Brand Name "The Ponte San'gwich Shoppe & Italian Deli (SM)"