Matterport Stock (NASDAQ:MTTR), Trade Ideas

Matterport

Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. The Company recognizes revenue from subscription, license, services and sale of products. Majority of the revenue is generated in the form of subscription fees which it receives from the customers for providing them access to Matterport platform.

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Shares of  Kodiak Sciences Inc.  (NASDAQ: KOD) fell sharply during Thursday’s session after the company reported a wider-than-expected fourth-quarter loss.

Kodiak Sciences posted a quarterly loss of $1.13 per share, compared to market expectations for a loss of 77 cents per share.

Why Kodiak Sciences Shares Are Trading Lower By Around 20%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

living-room-1644443_1280

Piper Sandler analyst Brent Bracelin reiterated Matterport with a Neutral rating and maintained a $3 price target on the stock Wednesday. Matterport expects first-quarter adjusted losses of between 4 cents and 2 cents per share, versus the estimate of losses of 3 cents per share and first-quarter revenue of between $39 million and $41 million, versus the $41.2 million estimate.

Why Matterport Stock Is Down After Earnings

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Shares of  International Flavors &amp; Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.

Why International Flavors &amp; Fragrances Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Matterport Inc

Mattr Corp

Ceconomy AG

The net proceeds will be used for general corporate purposes, including the repayment, redemption or refinancing of outstanding commercial paper and other near-term indebtedness.&nbsp;

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Johnson Controls Reports Pricing Of Its Offering Of $700M Senior Notes Due 2029

A groundbreaking court case filed in Massachusetts against U.S. Attorney General Merrick Garland has captured the attention of the cannabis industry, promising to potentially reshape its future.
The lawsuit challenges the federal government&#39;s classification of state-legal cannabis operations as violators of the Controlled Substances Act, a status that has imposed <a href="https://www.benzinga.com/markets/cannabis/24/04/38219204/fda-commissioner-to-house-committee-theres-no-reason-for-dea-to-delay-cannabis-rescheduling">severe operational limitations</a> on these businesses. From restricting tax deductions to complicating banking relationships and stock exchange listings, the ramifications of this classification have been far-reaching.
<h3>A High-Profile Legal Battle</h3>
During the recent <a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article">Benzinga Cannabis Capital Conference in Florida</a>, this legal challenge took center stage in a discussion led by Jason Wild, executive chairman of the multi-state cannabis operator TerrAscend, and Javier Hasse, managing director at Benzinga Cannabis.
<img alt="2231044_cccfloridagif_v2_031124-27_0.gif" src="https://www.benzinga.com/files/u503488/2231044_cccfloridagif_v2_031124-27_0.gif" style="height:528px; width:633px" />
Wild revealed the involvement of David Boies, a highly esteemed constitutional lawyer, in the case.
Reflecting on the broader implications of the lawsuit, Jason Wild also pointed out, &quot;If the David Boies case is successful, then we&#39;re told that it&#39;s a very, very short walk across the street to the<a href="https://www.benzinga.com/markets/cannabis/24/03/37915415/cannabis-businesses-face-tax-dilemma-a-closer-look-at-irs-roadblock"> IRS Tax Court</a> to get all of those taxes back. I mean, that could be many billions of dollars for the overall industry that they wouldn&#39;t have gotten back necessarily if it was just rescheduling.&quot;
<h3>David Boies: A Legal Titan Joins The Fray</h3>
Boies is renowned for his pivotal role in significant legal battles, including the legalization of same-sex marriage and the antitrust case against Microsoft. His expertise in constitutional law is expected to significantly shape the strategy and potential for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38226873/analyst-reacts-to-fda-commish-comments-medical-and-recreational-cannabis-could-have">change in federal cannabis policy</a>. The involvement of such a notable figure underscores the case&#39;s importance and its potential ramifications for the industry.
<h3>Potential Consequences For Cannabis Taxation</h3>
A crucial aspect of this legal challenge is its implications for cannabis taxation, particularly concerning the inability of cannabis businesses to deduct operating expenses due to current federal regulations. If successful, not only could it pave the way for fairer tax treatment moving forward, but it could also allow for the retroactive recovery of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35840800/the-billion-dollar-question-how-much-are-cannabis-multi-state-operators-really-wort">billions</a> in taxes previously paid by the industry.
On taxation, Jason Wild explained the significance of the court case for cannabis businesses&#39; ability to deduct operating expenses: &quot;The argument in the complaint is that the US federal government is treating state legal cannabis operators as if they were violating the Controlled Substances Act... That&#39;s, you know, the inability to deduct your operating expenses.&quot;
<h3>A Strategic Move Toward Rescheduling</h3>
The case also intersects with the ongoing discussion about the rescheduling of cannabis. Wild highlighted how the lawsuit could apply pressure for reform across various fronts, including safe banking and executive branch rescheduling. The outcome of this case could compel Congress to act, spurred by the progress made through judicial channels.
Discussing the case&#39;s impact on cannabis scheduling and its broader implications, Wild highlighted the potential benefits of a successful outcome: &quot;If the David Boies case is successful, then we&#39;re told that it&#39;s a very, very short walk across the street to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482140/rescheduling-cannabis-what-are-the-implications-for-msos-tax-rule-280e-fda-and-phar">IRS Tax Court</a> to get all of those<a href="https://www.benzinga.com/markets/cannabis/23/04/31779376/exclusive-deschedulingrescheduling-cannabis-will-it-be-an-expeditious-path-to-280e-relief-this-i"> taxes back</a>... that could be <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">many billions of dollars for the overall industry</a> that they wouldn&#39;t have gotten back necessarily if it was just rescheduling.&quot;
This legal battle represents a strategic effort to challenge and potentially transform federal cannabis policy. With significant implications for taxation, banking, and the overall treatment of cannabis businesses, the industry watches closely, hoping for a historic change that could set a precedent for years to come.
Photo by&nbsp;<a href="https://unsplash.com/@bermixstudio?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Bermix Studio</a>&nbsp;on&nbsp;<a href="https://unsplash.com/photos/a-judges-gavel-on-top-of-a-flag-lEu6RTAajvk?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>.&nbsp;

Cannabis

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The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling

Guidance

INVO

INVO Bioscience Says It Works Toward Stated Goal Of Reaching Break-Even Or Profitability Within Its Current Operations (Excluding Potential Merger With Naya) In 2024; Says Remain On Track To Reach That Objective

TTWO

Take-Two Interactive Announced Cost Reduction Program, Expects $160M-$200M In Charges, Eliminates Projects, and Reduces Workforce By 5%; Anticipates Over $165M Annual Savings

INVO Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) reported $1.38 million in sales this quarter. This is a 396.15 percent increase over sales of $278.14 thousand the same period last year.

Earnings

INVO Bioscience Q4 Sales $1.38M Up From $278.14K YoY

Top Stories for April 16, 2024:
1. Gold Resource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) reported <a href="https://www.benzinga.com/news/24/04/38263711/reported-earlier-gold-resource-preliminary-q1-results-sold-3-557-oz-of-gold-and-216-535-oz-of-silver">preliminary Q1 results</a>, including sales of 3,557 ounces of gold and 216,535 ounces of silver, totaling 5,965 gold equivalent ounces. 
The company also sold 1,682 tons of zinc, 264 tons of copper and 667 tons of lead.&nbsp;
CEO Allen Palmiere highlighted ongoing cost reduction and efficiency efforts, the progression of the 2024 drill program aimed at resource and production enhancement and beneficial effects from rising metal prices despite a strong Mexican peso.
2. Worthington Steel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) was recognized as a partner-level supplier for the 12th year in a row in the John Deere Achieving Excellence Program, the highest rating from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>).
Worthington Steel supplies steel sheets to multiple John Deere facilities for various agricultural equipment productions and it earned this recognition for its exceptional product quality and commitment to continuous improvement.&nbsp;
Suppliers in the John Deere Achieving Excellence Program are assessed annually on quality, delivery, process alignment, relationship and value creation.&nbsp;
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/04/38253150/gold-road-considers-major-stake-in-greenstone-investors-wary-of-potential-high-costs">Gold Road Considers Major Stake In Greenstone; Investors Wary Of Potential High Costs</a>
3. U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) announced a $4.9 million direct offering. 
The deal includes selling 1.4 million shares at $3.50 each (total of roughly $4.9 million).
It also includes unregistered warrants to buy another 1.4 million shares at $4.48 each. The warrants are exercisable six months post-issuance and expire in five years.&nbsp;
The sale is expected to close by April 19, subject to standard conditions.
4. When asked for a comment on Ioneer's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONR#NASDAQ">IONR</a>) progress at its Rhyolite Ridge lithium site reported Monday, Executive Chairman James Calaway said, "The forthcoming release of the draft EIS represents six years of hard work to help build America's critical minerals supply chain and reaffirms the viability of our investment in Nevada.&#8221;
&#8220;Rhyolite Ridge will help accelerate the electric vehicle transition and secure a cleaner future for our children and grandchildren. As we move through the final steps in the federal permitting process, Ioneer will keep working to ensure this world-class project will operate efficiently and sustainably,&#8221; he added.
5. Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) declared a quarterly dividend of 77 cents per share, payable on May 15 to shareholders on record as of April 25.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38201281/revival-gold-acquires-ensign-minerals-to-become-a-cash-flowing-mid-tier-us-gold-producer">Revival Gold Acquires Ensign Minerals &#8216;To Become A Cash-Flowing Mid-Tier US Gold Producer&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

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Gold Resource Reports Q1 Sales; Worthington Steel Partner-Level Supplier; US Gold's Direct Offering And More: Tuesday's Top Mining Stories

Cannabis stocks fell in early trading before heating up Tuesday afternoon. Some of the upward momentum may be a result of executive commentary from the <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a>.
Lighting Up The Cannabis Space: Several big names in the cannabis space took the stage Tuesday at Benzinga&#8217;s Cannabis Capital Conference in Hollywood, Florida, the leading cannabis investment and branding conference in North America. 
Curaleaf Hldgs Inc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>) chairman&nbsp;Boris Jordan told the crowd that potential adult-use legalization in Florida isn&#8217;t the only catalyst ahead. He&#8217;s already positioning the company for similar regulation changes in other states. Curaleaf shares gained nearly 4% on Tuesday, leading the way for cannabis stocks. 
Related Link: <a href="https://www.benzinga.com/markets/cannabis/24/04/38278675/it-all-started-with-cannabis-how-this-innovative-manufacturing-software-firm-is-solving-real-pro">It All Started With Cannabis: How This Innovative Manufacturing Software Firm Is Solving &#8216;Real&#8217; Problem For Its Customers</a>
Jordan also noted that Curaleaf is seeing positive trends following cannabis legalization in Germany. In the first two weeks that cannabis was removed from the narcotics lists, there has been a five-fold increase in patients approaching telemedicine platforms, he said, suggesting cannabis demand is rising quickly.
Boris spoke around 2 p.m. ET. Curaleaf stock continued to move higher and hit the highs for the day following his appearance. Several other cannabis stocks drifted higher Tuesday afternoon. 
As previously <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">reported by Benzinga</a>, former Congress members suggested Tuesday that regulatory changes could be coming soon that would benefit the cannabis industry as a whole. The AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>) reached its lows of the day just before the former legislators took the stage at the Benzinga conference. 
Tim Seymour&#8217;s Amplify Seymour Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNBS#NYSE">CNBS</a>) also trended higher throughout the afternoon. Seymour moderated a panel Tuesday morning that focused on cannabis valuations and investing strategies.
Benzinga&#8217;s Cannabis Capital Conference continues through Wednesday. Check out <a href="https://www.benzinga.com/events/cannabis-conference/agenda/">this page</a> for more information on upcoming speakers. 
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">direct access</a>. For new users, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">instant access here</a>!
Cannabis Stocks Price Action: Curaleaf stock closed Tuesday up 3.31% at $4.99, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The AdvisorShares and Amplify Seymour Cannabis ETFs both fell in early trading before climbing back and closing the day roughly flat. 
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/04/38278562/seth-rogens-cannabis-lifestyle-brand-houseplant-available-on-instant-delivery-app-gopuff">Seth Rogen&#8217;s Cannabis &amp; Lifestyle Brand Houseplant Available On Instant Delivery App Gopuff</a>
Photo: CRYSTALWEED from Unsplash.

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CNBS

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

MSOS

Cannabis Stocks Shine As Benzinga's Cannabis Capital Conference Unfolds

CME Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) has outperformed the market over the past 20 years by 3.72% on an annualized basis producing an average annual return of 11.41%. Currently, CME Gr has a market capitalization of $74.34 billion. 
Buying $100 In CME: If an investor had bought $100 of CME stock 20 years ago, it would be worth $880.89 today based on a price of $206.48 for CME at the time of writing.
<h3>CME Gr's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713301232_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $900 Today

MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) has outperformed the market over the past 10 years by 17.92% on an annualized basis producing an average annual return of 28.28%. Currently, MSCI has a market capitalization of $40.68 billion. 
Buying $1000 In MSCI: If an investor had bought $1000 of MSCI stock 10 years ago, it would be worth $12,112.05 today based on a price of $513.43 for MSCI at the time of writing.
<h3>MSCI's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713301227_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSCI

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $12,000 Today

The upcoming 2024 NFL Draft serves as a reminder of the millions of dollars football players can earn, while also serving as backdrop to the issue of professional athletes needing to be <a href="https://www.benzinga.com/nfldraft/">smart with their money.</a>
Benzinga is hosting the <a href="https://www.benzinga.com/2024-nfl-draft-detroit-event-speakers-and-more/">Sports Business Titans event </a>on April 25 in <a href="https://www.benzinga.com/detroit-draft-interactive-map-things-to-do/">downtown Detroit</a>. The event will feature athletes, social media stars and business leaders who will provide a behind-the-scenes look at how sports and business often intersect.
Here are seven current and former Detroit Lions and a look at the non-NFL investments they made.
Rob Sims: A speaker at the 2024 Benzinga Sports Business Titans event, Sims is a former NFL player with the Lions and Seattle Seahawks. 
Sims today is an entrepreneur as the co-founder of Locker Room Consulting and <a href="https://www.benzinga.com/markets/cannabis/23/06/32770056/former-detroit-lions-calvin-johnson-rob-sims-visit-their-cannabis-company-in-niles-michigan">co-founder of cannabis company</a> Primitiv Group. The name for Primitiv is based on the idea that plants have been used for thousands of years for medicinal purposes.
Calvin Johnson: One of the most well-known Lions players of recent decades, former wide receiver Johnson was known to fans as "Megatron." Johnson retired from the NFL after the 2015 season, playing nine years with the Lions. 
Johnson has gone <a href="https://www.benzinga.com/markets/cannabis/22/09/28874483/exclusive-former-nfl-and-nba-players-admit-to-smoking-pot-to-help-with-pain">on to be a co-founder of </a>Locker Room Consulting and Primitiv Group with Sims.
Gosder Cherilus: A former teammate of Sims and Johnson while with the Lions, Cherilus is also involved with Primitiv as <a href="https://www.benzinga.com/markets/cannabis/24/03/37797148/former-nfl-legends-bring-top-cannabis-strains-to-boston-with-launch-of-primitiv">the co-founder of</a> Primitiv Group Boston, a cannabis company focused on relaxation, rejuvenation and holistic wellness. &nbsp;
Barry Sanders: Considered one of the best Lions players of all time and an NFL Hall of Famer, Sanders needs no introduction. 
Since retiring from the NFL, Sanders has expanded his focus to entrepreneurial efforts that <a href="https://www.barrysanders.com/about.html#:~:text=Life%20After%20Football&amp;text=His%20relationships%20span%20across%20dozens,dealerships%20and%20Lefty's%20Cheesesteak%20stores.">include </a>running the Barry Sanders Nissan dealerships and Lefty's Cheesesteak stores. Sanders also supports several charities including the Scleroderma Research Foundation.
Nate Burleson: The former NFL wide receiver played for the Lions from 2010 to 2013, which came after previous stints with the Seattle Seahawks and Minnesota Vikings. 
Today, Burleson can be <a href="https://www.essence.com/entertainment/nate-burleson-hardest-working-man-in-media/">seen </a>on television around the world as a host of CBS Mornings, The NFL Today and NFL Slimetime. Burleson has also founded several businesses, including those in the clothing sector. 
While a member of the Lions, Burleson founded Lion Blood, a clothing company. Burleson is also a co-founder of suit company Baynes and Baker.
Glover Quin: The former NFL safety played with the Lions from 2013 to 2018 where he played all 16 games in each season, showing off his durability. 
Quin was famous for investing his money while in the NFL, choosing to live off of 30% of his earnings and put the other 70% into savings and investments. 
Quin was an early <a href="https://www.cnbc.com/2016/11/18/how-nfl-player-glover-quin-plans-to-double-his-income-by-investing.html">investor </a>in sports betting companies DraftKings Inc and Flutter Entertainment-owned FanDuel. Other investments of Quin also included Health Warrior, PeerWell and pawTree.  
Jared Goff: One of the newest Lions players and a fan favorite is quarterback Goff, who came to the team via a trade in the 2021 offseason for Matthew Stafford. 
Goff has made several investments during his NFL career including being part of a 2021 <a href="https://www.prnewswire.com/news-releases/underdog-fantasy-announces-fund-raise-in-3-500-000-best-ball-tournament-301282593.html">fundraise </a>for fantasy sports company Underdog Fantasy. Goff was among a group of investors that included Mark Cuban, Kevin Durant, Adam Schefter, The Chainsmokers and more who invested $10 million in the growing company. 
Goff also <a href="https://www.prnewswire.com/news-releases/glosslab-the-hygiene-first-waterless-and-membership-based-nyc-manicure-studio-operator-taps-more-big-name-influencers-and-investors-to-expand-raise-to-over-7m-for-omnichannel-expansion-301284379.html">invested </a>in hygiene-first, waterless, membership-based New York City manicure studio operator GLOSSLAB.
Don&#8217;t miss this unique Benzinga Sports Business Titans event featuring former and current athletes and key voices in the business world. Join Benzinga for the 2024 Sports Business Titans.&nbsp;<a href="https://www.benzinga.com/nfldraft/" target="_blank" rel="noreferrer noopener">Get tickets here</a>.
Read Next: <a href="https://www.benzinga.com/trading-ideas/previews/24/04/38224493/benzinga-sports-business-titans-hear-from-athletes-industry-leaders-at-the-crossroads-of-s">Benzinga Sports Business Titans: Hear From Athletes, Industry Leaders At The Crossroads Of Sports &amp; Entrepreneurship</a>
Photo: Shutterstock

Sports

Detroit Lions Players Invest On The Field And Off: 7 Current, Former Players And Their Investments

FOXA

Jerry Nadler, Joaquin Castro Send Letter To Bob Iger, Lachlan Murdoch, David Zaslav Seeking Info On Proposed Sports Streaming JV; Raises Questions About How It Impacts Access, Competition, Choice

Shares of application software company Autodesk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) are moving lower after the close on Tuesday following an update from the company on its <a href="https://www.benzinga.com/pressreleases/24/04/n38279870/autodesk-provides-update-on-delayed-form-10-k-filing">delayed quarterly report</a>.
What Happened: Earlier this month, Autodesk announced an internal investigation was being conducted by its board&#8217;s audit committee after information was brought to the attention of management related to the company&#8217;s earnings release in February. 
Autodesk said this week that the committee commenced an internal investigation regarding the company&#8217;s free cash flow and non-GAAP operating margin practices. 
&#8220;The subject of the internal investigation remains the same as previously disclosed, and the Company currently does not believe that any of the matters under investigation affect any previously issued financial statements or the information in the Company&#8217;s earnings release on&nbsp;February 29, 2024. As of today, the investigation is ongoing and all parties continue to work diligently to complete the investigation,&#8221; the company said in a press release.
As a result of the ongoing investigation, Autodesk said it&#8217;s unable to file its annual report for the year ended Jan. 31, 2024, within the 15-day extension period. Accordingly, the company expects to receive a Nasdaq notice informing the company that it is not in compliance with the timely filing requirement for continued listing under Nasdaq rules. 
&#8220;The Company intends to take the necessary steps to regain compliance with Nasdaq&#8217;s listing rules as soon as practicable,&#8221; Autodesk said.
Don&#8217;t Miss: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">Powell Delays Fed Rate Cuts, Says &#8216;We Need Greater Confidence In Inflation&#8217;: 2-Year Yields Spike To 5%</a>
ADSK Price Action: <a href="https://www.benzinga.com/quote/ADSK">Autodesk shares</a> were down 3.62% Tuesday after-hours at $220, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Autodesk.

After-Hours Center

ADSK

What's Going On With Autodesk Stock After Hours?

WIIM

CXAI

CXApp share are trading higher after the company announced 24% ARR growth in 2023.

The commercial real estate industry continues to reel from the impacts of remote work <a href="http://benzinga.com/analyst-ratings/analyst-color/24/04/38219988/economists-warn-feds-inflation-battle-could-trigger-recession-have-to-increase-the-">and escalating inflation.</a>
Elevated interest rates and a widespread trend toward reducing office space across various industries have left the sector facing unprecedented amounts of vacant office space.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">On an earnings call on Monday</a>, Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) CEO David M. Solomon mentioned the poor state of commercial real estate as one of the main factors slowing U.S. growth, along with continuing concerns about inflation and escalating geopolitical tensions.
The sector has become especially sensitive to speculation around interest rates. Last month, a hint of rate cuts by the Fed <a href="https://www.benzinga.com/real-estate/reit/24/03/37882885/10-real-estate-stocks-move-on-thursday-fed-rate-cut-possibility-sparks-rally-for-troubled-sector">had several stocks and funds jump through the roof</a> in a show of volatility that's unknown to a sector normally praised for offering stability against riskier markets.
Just days later, S&amp;P Global Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) <a href="https://www.benzinga.com//node/37950136">decided to downgrade five regional banks</a> based on risks associated with the unstable commercial real estate market.
Operational shifts for big tech companies are partly fueling the commercial real estate slump. The change to remote or hybrid work, which has become the new status quo in the tech sector after the strike of COVID-19, has left many companies juggling more office space than they need.
That's added to a massive trend of layoffs which continued to be common practice in<a href="https://www.benzinga.com/markets/equities/24/01/36874447/tech-layoffs-up-over-300-month-over-month-in-january-3-companies-with-the-most-employees-laid-of"> the tech sector during the first quarter of 2024</a>, after a slight downtick during the second half of 2023.
Late last month, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) said it plans to cut $1.3 billion <a href="https://www.benzinga.com/news/24/03/37983953/amazons-strategic-real-estate-plan-to-reduce-vacancy-rate-and-enhance-workspace-efficiency">by reducing office space and ending leases early</a>. The tech behemoth faces a 33.8% vacancy rate in its offices after laying off over 27,000 employees in 2022 and 2023.
According to a Wall Street Journal <a href="https://www.wsj.com/real-estate/commercial/big-tech-is-downsizing-work-space-in-another-blow-to-office-real-estate-67b4685c?mod=hp_featst_pos3">report</a>, Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is subleasing some of its Silicon Valley office space, while Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reduced leases for its own office space. The Facebook owner has been slashing office space all around the globe this year, <a href="https://www.benzinga.com//node/37024306">including in locations like Singapore</a> and <a href="https://www.benzinga.com//node/34900681">London</a>. Meanwhile, Salesforce Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) SEC filings show that the company is using half the office space it was using one year ago in the San Francisco area.
Read also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">Powell Delays Fed Rate Cuts—&#8217;We Need Greater Confidence In Inflation&#8217;; 2-Year Yields Spike To 5%</a>
The pullback from tech is proving especially painful for the real estate sector when it adds losses from other common office-dwelling sectors, including law firms and financial companies.
By January, a Moody's Analytics report put the average<a href="https://www.benzinga.com/markets/equities/24/01/36542862/empty-spaces-us-office-vacancies-rise-to-highest-levels-in-four-decades"> vacant office space in large cities around the country at 19.6%</a>, the highest it's been since 1979.
Several cities are showcasing extreme levels of office vacancy these days, with San Francisco at a record of 36.7%, compared to just 3.6% before the pandemic. The void is more noticeable in cities associated with the tech industry, including Seattle, New York and Austin. In Seattle, office property transactions <a href="https://www.benzinga.com/news/financing/24/02/37134484/seattles-office-space-dives-98-7-dip-reflects-tech-storm-hybrid-shifts">declined in 2023 a staggering 98.7% year-over-year</a> after almost 45,000 employees were laid off in the area.
On Wells Fargo &amp; Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)<a href="https://www.benzinga.com//node/38219378"> Q1 call last week,</a> CEO Charles W. Scharf said that commercial real estate revenue was down 7% from the previous year, impacted by lower loan demand in that sector.
Yet the executive added that the sector, which is primarily made up of office space, didn't experience significant changes when compared to the last quarter of 2023.
Vanguard Real Estate Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), by far the largest real estate ETF by assets under management, is down almost 11% since January, with a 5% drop in the last five days.
Schwab US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHH#NYSE">SCHH</a>) and Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) present very similar trajectories.
However, it's not all bad news for investors in the space. Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) President Jon Gray recently said this could be the right time to<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-"> "buy the dip" on the real estate plunge</a>. The asset manager is optimistic about the long term future of commercial real estate when considering that the Fed will sooner or later have to reduce rates.
Once that happens, the diminished supply of new developments following this slowdown, combined with cheaper cost of borrowing, could kickstart the industry upwards once more.
Now read: <a href="https://www.benzinga.com/markets/equities/24/04/38277243/stocks-grapple-with-geopolitical-pressures-gold-eyes-2-400-bitcoin-falls-below-62-000-whats-driv">Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What&#8217;s Driving Markets Tuesday?</a>
Image generated using artificial intelligence via Midjourney.

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Tech Layoffs, Remote Work Push Office Vacancies To 19.6%, Highest Since 1979

Snap's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) short percent of float has risen 43.93% since its last report. The company recently reported that it has 81.33 million shares sold short, which is 9.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Snap Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713300322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Snap has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Snap's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Snap's peer group average for short interest as a percentage of float is 6.45%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

SNAP

Peering Into Snap's Recent Short Interest

Light &amp; Wonder's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNW#NYSE">LNW</a>) short percent of float has fallen 5.35% since its last report. The company recently reported that it has 4.37 million shares sold short, which is 7.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.55 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Light &amp; Wonder Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713300317_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Light &amp; Wonder has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Light &amp; Wonder's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Light &amp; Wonder's peer group average for short interest as a percentage of float is 4.63%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Light & Wonder?

Welltower's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) short percent of float has risen 5.92% since its last report. The company recently reported that it has 7.09 million shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Welltower Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713300311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Welltower has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Welltower's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Welltower's peer group average for short interest as a percentage of float is 6.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

WELL

Peering Into Welltower's Recent Short Interest

<a href="https://www.bloomberg.com/news/articles/2024-04-16/sec-targets-its-own-staff-s-texting-nixes-whatsapp-on-agency-s-mobile-phones?sref=2h1zKciy" title="https://www.bloomberg.com/news/articles/2024-04-16/sec-targets-its-own-staff-s-texting-nixes-whatsapp-on-agency-s-mobile-phones?sref=2h1zKciy">https://www.bloomberg.com/news/articles/2024-04-16/sec-targets-its-own-staff-s-texting-nixes-whatsapp-on-agency-s-mobile-phones?sref=2h1zKciy</a>

SEC Blocks Third-Party Messaging Apps And Texts On Employees' Work Mobile Phones

MGAM

Mobile Global Esports shares are trading higher. The stock may be experiencing volatility following its recent delisting notice.

It doesn&#39;t matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it&#39;s all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company&#39;s financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying &quot;the trend is your friend&quot; are most interested in taking advantage of upward or downward trends in a stock&#39;s price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company&#39;s earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank&#39;s success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&amp;P 500&#39;s performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That&#39;s where the Style Scores come in.
To have the best chance of big returns, you&#39;ll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you&#39;re looking at stocks with a #3 (Hold) rank, it&#39;s important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock&#39;s earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Hilton Worldwide Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlt#NYSE">HLT</a>)
Founded in 1919 and headquartered in McLean, VA, Hilton Worldwide Holdings is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. As of Dec 31, 2023, Hilton&#39;s development pipeline comprised nearly 3,274 hotels, with almost 462,400 rooms across 118 countries and territories &mdash; including 30 countries and territories where it currently has no running hotels. Moreover, 259,800 rooms in the development pipeline were located outside the United States and 216,600 rooms were under construction.
HLT is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. HLT has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.7% for the current fiscal year.
For fiscal 2024, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $7.06 per share. HLT boasts an average earnings surprise of 5.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, HLT should be on investors&#39; short list.
<a href="https://www.zacks.com/stock/news/2256034/why-hilton-worldwide-holdings-inc-hlt-is-a-top-growth-stock-for-the-long-term?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_growth_score-2256034">To read this article on Zacks.com click here.</a>

Why Hilton Worldwide Holdings Inc. is a Top Growth Stock for the Long-Term

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Today&rsquo;s article introduces three virtual reality stocks to buy. Once relegated to science fiction, VR is rapidly transforming from a futuristic concept to a tangible reality. Advancements in hardware, such as Apple&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) Vision Pro and Meta Platform&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) Meta Quest 3, have greatly improved user experience and accessibility. After decades of anticipation, VR is finally delivering on its promise of immersive entertainment and revolutionizing various sectors, including healthcare with VR-assisted surgery training, education with virtual field trips, and defense with immersive simulations.&nbsp;



According to a report by&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market">Grand View Research</a>, the global VR market, valued at around $59.96 billion in 2022, is projected to grow at a robust compound annual growth rate (CAGR) of 27.5% from 2023 to 2030. With that said, here are three virtual reality stocks to buy, each with distinct catalysts poised to propel their growth.&nbsp;



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/mttr1600-300x169.jpg" alt="An image of the Matterport, Inc. (MTTR) logo"><div>Source: Matterport</div></div>First up on our virtual reality stocks to buy is Matterport (NASDAQ:<a href="https://investorplace.com/stock-quotes/mttr-stock-quote/">MTTR</a>), a pioneer in the spatial data sector. The company is renowned for creating immersive 3D models of real-world spaces. In addition to revolutionizing the real estate industry with digital twins, Matterport&rsquo;s 3D capture technology finds applications in architecture, engineering, and facilities management, offering solutions for capturing and managing spatial data.



On February 20, Matterport announced fourth-quarter and full-year&nbsp;<a href="https://investors.matterport.com/news-releases/news-release-details/matterport-announces-fourth-quarter-and-full-year-2023-financial">financial results</a>, showcasing a notable 56% year-over-year (YoY) decrease in its net quarterly loss to $11.8 million. Despite missing revenue estimates, the company demonstrated financial strength and growth. Investors noted its debt-free status as well as the significant expansion in its subscription segment and annual recurring revenues (ARRs).



Meanwhile, Matterport is also expanding its footprint through strategic partnerships with industry leaders <a href="https://investors.matterport.com/news-releases/news-release-details/matterport-partners-arcadus-deliver-digital-twins-us-public">like Arcadus</a> and the <a href="https://matterport.com/news/matterports-3d-property-marketing-solution-elevates-hospitality-and-guest">Ivy Collection</a>, highlighting the versatility of its 3D capture technology. Moreover, the recent launch of the AI-powered <a href="https://investors.matterport.com/news-releases/news-release-details/matterport-launches-property-intelligence-transforming-real">Property Intelligence platform</a>, a real estate program automating room measurements, further enhances its competitive edge.&nbsp;



Despite a 27% year-to-date (YTD) decline in MTTR stock, the average <a href="https://edition.cnn.com/markets/stocks/MTTR">analysts&rsquo; price target</a> stands at $3, suggesting a potential 42% upside from the current levels. Readers may be interested to know that shares currently trade at 3.6 times trailing sales and a price-to-book (P/B) ratio of 1.2.



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div>The next company on our list of virtual reality stocks to buy is Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>). Through initiatives like <a href="https://learn.microsoft.com/en-us/mesh/overview">Microsoft Mesh</a>, the tech giant enables shared collaborative and holographic experiences in mixed reality (MR). Similarly, <a href="https://www.microsoft.com/en-gb/hololens">Microsoft HoloLens</a>, an MR head-mounted display unit, offers users highly immersive experiences with spatial audio and advanced interaction capabilities.



Management announced <a href="https://www.microsoft.com/en-us/investor/earnings/FY-2024-Q2/press-release-webcast">second quarter results for FY 2024</a> on 30 January. Revenue came in at $62.0 billion, was up 16% YoY. Diluted earnings per share (EPS) was $2.93 up 23% YoY. In addition, the company returned $8.4 billion to shareholders in the form of share repurchases and dividends.



Microsoft stock is up 8% YTD and hovering at all-time highs. The shares are changing hands at almost 37 times trailing earnings and 13.5 times sales. While the stocks seems overpriced with these metrics, the <a href="https://edition.cnn.com/markets/stocks/msft">12 month average price forecast</a> stands at $465 with an upside potential of more than 15%.



<h2>Sony (SONY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/sony_sne_1600-300x169.jpg" alt="Sony logo on the side of a building at its offices in Silicon Valley."><div>Source: Sundry Photography / Shutterstock.com</div></div>The final company among our virtual reality stocks to buy is Sony (NYSE:<a href="https://investorplace.com/stock-quotes/sony-stock-quote/">SONY</a>), which drives innovation through developments in both hardware and software. The company&rsquo;s <a href="https://www.playstation.com/en-gb/ps-vr2/">PlayStation VR2 headset</a> boasts high-fidelity displays, advanced haptics, and intuitive controllers, providing users with immersive and engaging gameplay experiences. Looking beyond the realm of gaming, Sony is developing a <a href="https://www.theverge.com/2024/1/8/24030930/sony-vr-spatial-smart-control-ring-ces">&ldquo;spatial content creation&rdquo;</a> system that allows users to edit and manipulate 3D models while wearing a VR headset.



The electronics giant announced its <a href="https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/23q3_sonypre.pdf">fiscal year 2023 third quarter results</a> in mid-February. Revenues went up by 22% YoY, while sales for the &ldquo;Game &amp; Network Services Segment&rdquo; increased by 13%.



Yet, despite the promising developments in immersive technologies, SONY stock is down 9.38% YTD. Meanwhile, the shares are trading at close to 19 times trialing earnings and 1.2 times sales. Finally, the 12-month median <a href="https://edition.cnn.com/markets/stocks/sony">price forecast for Sony</a> stock stands at $108.17, offering a 26.05% upside potential from current levels.



On the date of publication, Tezcan Gecgil 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>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-virtual-reality-stocks-to-buy-for-real-life-riches/">3 Virtual Reality Stocks to Buy for Real Life Riches</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Virtual Reality Stocks to Buy for Real Life Riches

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Today&rsquo;s article introduces three virtual reality stocks to buy. Once relegated to science fiction, VR is rapidly transforming from a futuristic concept to a tangible reality. Advancements in hardware, such as Apple&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) Vision Pro and Meta Platform&lsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) Meta Quest 3, have greatly improved user experience and accessibility. After decades of anticipation, VR is finally delivering on its promise of immersive entertainment and revolutionizing various sectors, including healthcare with VR-assisted surgery training, education with virtual field trips, and defense with immersive simulations.&nbsp;



According to a report by&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market">Grand View Research</a>, the global VR market, valued at around $59.96 billion in 2022, is projected to grow at a robust compound annual growth rate (CAGR) of 27.5% from 2023 to 2030. With that said, here are three virtual reality stocks to buy, each with distinct catalysts poised to propel their growth.&nbsp;



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/mttr1600-300x169.jpg" alt="An image of the Matterport, Inc. (MTTR) logo"><div>Source: Matterport</div></div>First up on our virtual reality stocks to buy is Matterport (NASDAQ:<a href="https://investorplace.com/stock-quotes/mttr-stock-quote/">MTTR</a>), a pioneer in the spatial data sector. The company is renowned for creating immersive 3D models of real-world spaces. In addition to revolutionizing the real estate industry with digital twins, Matterport&rsquo;s 3D capture technology finds applications in architecture, engineering, and facilities management, offering solutions for capturing and managing spatial data.



On February 20, Matterport announced fourth-quarter and full-year&nbsp;<a href="https://investors.matterport.com/news-releases/news-release-details/matterport-announces-fourth-quarter-and-full-year-2023-financial">financial results</a>, showcasing a notable 56% year-over-year (YoY) decrease in its net quarterly loss to $11.8 million. Despite missing revenue estimates, the company demonstrated financial strength and growth. Investors noted its debt-free status as well as the significant expansion in its subscription segment and annual recurring revenues (ARRs).



Meanwhile, Matterport is also expanding its footprint through strategic partnerships with industry leaders <a href="https://investors.matterport.com/news-releases/news-release-details/matterport-partners-arcadus-deliver-digital-twins-us-public">like Arcadus</a> and the <a href="https://matterport.com/news/matterports-3d-property-marketing-solution-elevates-hospitality-and-guest">Ivy Collection</a>, highlighting the versatility of its 3D capture technology. Moreover, the recent launch of the AI-powered <a href="https://investors.matterport.com/news-releases/news-release-details/matterport-launches-property-intelligence-transforming-real">Property Intelligence platform</a>, a real estate program automating room measurements, further enhances its competitive edge.&nbsp;



Despite a 27% year-to-date (YTD) decline in MTTR stock, the average <a href="https://edition.cnn.com/markets/stocks/MTTR">analysts&rsquo; price target</a> stands at $3, suggesting a potential 42% upside from the current levels. Readers may be interested to know that shares currently trade at 3.6 times trailing sales and a price-to-book (P/B) ratio of 1.2.



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div>The next company on our list of virtual reality stocks to buy is Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>). Through initiatives like <a href="https://learn.microsoft.com/en-us/mesh/overview">Microsoft Mesh</a>, the tech giant enables shared collaborative and holographic experiences in mixed reality (MR). Similarly, <a href="https://www.microsoft.com/en-gb/hololens">Microsoft HoloLens</a>, an MR head-mounted display unit, offers users highly immersive experiences with spatial audio and advanced interaction capabilities.



Management announced <a href="https://www.microsoft.com/en-us/investor/earnings/FY-2024-Q2/press-release-webcast">second quarter results for FY 2024</a> on 30 January. Revenue came in at $62.0 billion, was up 16% YoY. Diluted earnings per share (EPS) was $2.93 up 23% YoY. In addition, the company returned $8.4 billion to shareholders in the form of share repurchases and dividends.



Microsoft stock is up 8% YTD and hovering at all-time highs. The shares are changing hands at almost 37 times trailing earnings and 13.5 times sales. While the stocks seems overpriced with these metrics, the <a href="https://edition.cnn.com/markets/stocks/msft">12 month average price forecast</a> stands at $465 with an upside potential of more than 15%.



<h2>Sony (SONY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/sony_sne_1600-300x169.jpg" alt="Sony logo on the side of a building at its offices in Silicon Valley."><div>Source: Sundry Photography / Shutterstock.com</div></div>The final company among our virtual reality stocks to buy is Sony (NYSE:<a href="https://investorplace.com/stock-quotes/sony-stock-quote/">SONY</a>), which drives innovation through developments in both hardware and software. The company&rsquo;s <a href="https://www.playstation.com/en-gb/ps-vr2/">PlayStation VR2 headset</a> boasts high-fidelity displays, advanced haptics, and intuitive controllers, providing users with immersive and engaging gameplay experiences. Looking beyond the realm of gaming, Sony is developing a <a href="https://www.theverge.com/2024/1/8/24030930/sony-vr-spatial-smart-control-ring-ces">&ldquo;spatial content creation&rdquo;</a> system that allows users to edit and manipulate 3D models while wearing a VR headset.



The electronics giant announced its <a href="https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/23q3_sonypre.pdf">fiscal year 2023 third quarter results</a> in mid-February. Revenues went up by 22% YoY, while sales for the &ldquo;Game &amp; Network Services Segment&rdquo; increased by 13%.



Yet, despite the promising developments in immersive technologies, SONY stock is down 9.38% YTD. Meanwhile, the shares are trading at close to 19 times trialing earnings and 1.2 times sales. Finally, the 12-month median <a href="https://edition.cnn.com/markets/stocks/sony">price forecast for Sony</a> stock stands at $108.17, offering a 26.05% upside potential from current levels.



On the date of publication, Tezcan Gecgil 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>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-virtual-reality-stocks-to-buy-for-real-life-riches/">3 Virtual Reality Stocks to Buy for Real Life Riches</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Matterport: Waiting Out The Housing Market

Matterport Inc (MTTR) stock is lower by -28.85% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives MTTR stock a score of  33 out of a possible 100. That rank is chiefly influenced by a short-term technical score of 11. MTTR's rank also

Matterport Inc (MTTR) Stock  Falls -5.61% This Week: Is It a Good Pick?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) launched its Vision Pro augmented reality headset in January. So far, early results have <a href="https://www.macrumors.com/2024/01/29/apple-vision-pro-headset-sales/">surpassed expectations</a>. 



This could pave the way for a broader moment for augmented and virtual reality stocks. While semiconductors and artificial intelligence are stealing the spotlight right now, investors shouldn&rsquo;t lose sight of the possibilities with augmented reality.



There are possibilities for a full-on metaverse; a second place where people can meet, collaborate, and play games together. Increasingly, there is excitement around using virtual reality to enhance the everyday life and work experience as well. Apple&rsquo;s new headset could push these uses into the mainstream and cause rapid consumer adoption. These virtual reality stocks stand to benefit.



<h2>Unity Technologies (U)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div>Unity Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/">U</a>) is a leading graphics engine. For almost 20 years, Unity has been building its namesake graphics ecosystem. Developers use Unity to create video games which work seamlessly across PCs, consoles, mobile phones, and augmented and virtual reality.



Unity has also worked on building out capabilities for its graphics engine in video animation, <a href="https://unity.com/solutions/architecture-engineering-construction">architecture and design</a>, and e-commerce among other uses. With virtual reality built into headsets, it&rsquo;s not hard to see how Unity&rsquo;s graphics tools will serve a much wider marketplace going forward.



Unity shares crashed over the past two years amid a slowdown in the gaming industry. Many companies, including Unity, have engaged in <a href="https://investorplace.com/2024/01/unity-layoffs-2024-what-to-know-about-the-latest-u-job-cuts/">mass layoffs</a> to adjust to the industry&rsquo;s new operating conditions. 



However, revenue growth remains robust, with Unity growing the top-line from $542 million in 2019 to $2.2 billion in 2023. Now with more disciplined cost control, Unity is set to enjoy rapid profitability growth while benefitting from the growing virtual reality trend.



<h2>Tencent Holdings (TCEHY)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/12/tcehymsn-300x165.jpg" alt="Tencent stock TCEHY stock"><div>Source: Shutterstock</div></div>Tencent Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/tcehy-stock-quote/">TCEHY</a>) is a Chinese conglomerate with holdings across various media, technology, and video gaming assets. This makes TCEHY stock a nice way to buy into a potential resurgence in the Chinese economy and equity market.



As it pertains to virtual reality, Tencent is a major <a href="https://www.tencentgames.com/about.html">game publishing studio</a> in its own right, and it also has sizable ownership positions in firms such as Epic Games, Fromsoftware, and Supercell. 



Its Epic investment, for example, should gain value as virtual reality takes off. Epic&rsquo;s Unreal video game engine is the primary competitor to Unity and should enjoy many of the same trends as described above. Meanwhile, Epic controls intellectual properties such as Fortnite that have already created popular metaverses and are on the cutting edge of experimentation in enhanced reality experiences.



The fun thing about virtual reality is that it as adjacent to other emerging themes that can take off as well. For example, Tencent is a leading player in the <a href="https://investorplace.com/2024/03/3-stocks-to-buy-as-the-esports-industry-continues-to-grow/">growing e-sports trend</a>, and it&rsquo;s not hard to see how virtual reality could add to the e-sports experience as well, synergizing Tencent&rsquo;s position in both markets.



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mttr_matterport_1600-300x169.png" alt="Illustrative Editorial of Matterport's (MTTR stock) website homepage. MATTERPORT logo visible on display screen."><div>Source: II.studio / Shutterstock.com</div></div>Matterport (NASDAQ:<a href="https://investorplace.com/stock-quotes/mttr-stock-quote/">MTTR</a>) is an information technology company focused on digitizing the real estate market. 



Specifically, Matterport offers an integrated solution that allows landlords and property managers to create digital versions of their spaces. This allows real estate agents to give virtual tours of apartments, offices, and other commercial real estate to people without having to set foot at the property in person. Similarly, properties such as wedding venues, resorts, and the like can give prospective customers a virtual walkthrough.



Matterport has already demonstrated considerable success with its business model. It has <a href="https://investors.matterport.com/">$157 million</a> in annualized run-rate revenues, with 38 billion square feet of managed properties and more than 938,000 subscribers.



Matterport is still struggling to reach consistent profitability. And there has been some uncertainty as the company refines its revenue model and strives for more recurring business rather than upfront sales. However, with a solid core product and a growing virtual reality market, MTTR stock should be set for a comeback.



On the date of publication, Ian Bezek held a long position in U stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/3-stocks-that-could-be-the-next-big-thing-in-virtual-reality/">3 Stocks That Could Be the Next Big Thing in Virtual Reality</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks That Could Be the Next Big Thing in Virtual Reality

Matterport Inc (MTTR) is up 8.21% today. MTTR has an Overall Score of 37. Find out what this means to you and get the rest of the rankings on MTTR!See Full MTTR ReportMTTR stock closed at $1.95 and is up $0.16 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most investor

Matterport Inc (MTTR) has risen 8.21% Thursday In Premarket Trading

Matterport (MTTR) has issued an announcement. Matterport, Inc. has reached a significant achievement by surpassing one million active subscribers, ...

Matterport Surpasses One Million Active Subscribers Milestone

AAPL

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Press Releases

Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target

Matterport to Participate in Upcoming Investor Events

General

Matterport Chairman and CEO RJ Pittman Named Inman 2024 Power Player Underscoring The Transformative Impact Of Digital Twins On Real Estate

Matterport Introduces an All-in-One Carry Case for the Pro3 Camera, Enhancing Supply Chain Sustainability and Offering More Convenience and Portability For Customers

Matterport and KnowHow Partner to Accelerate Worker Training and Onboarding for Digital Twin Solutions in the Restoration Sector

Matterport Partners with Resi, the UK's Top Home Extension Company, to Revolutionize Home Extension Surveys with Matterport's Pro3 and Digital Twin Technology

Matterport 3D Digital Twins Power Asia's Largest Virtual Art Exhibition Platform, ARTOGO

Kikkoman Leverages Matterport's Digital Twin Platform To Digitize Historic Soy Sauce Production Line

Matterport Surpasses One Million Subscribers, Extending Its Industry Leadership in Digital Twin Technology with Compelling SaaS Growth

Crunch Fitness Partners with Matterport to Offer Advanced Photography Services to its Franchisees

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Matterport Stock (NASDAQ:MTTR), Trade Ideas