NEO Battery Materials Stock (OTC:NBMFF), Trade Ideas

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.

NEO BATTERY MATLS LTD by NEO Battery Materials Ltd.

NEO Battery Materials Ltd

Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is launching its <a href="https://www.benzinga.com/news/24/04/38226664/weird-coincidence-ford-bronco-vehicle-recall-day-of-o-j-simpsons-death-how-football-star-is-forever">Bronco SUV </a>at the Beijing Auto Show after its sales dipped in its primary market in the U.S.
What Happened: &#8220;In China, the Bronco is known as Liè Ma, or &#8216;fierce horse&#8217;. Excited for our customers in China to experience the fierce horse themselves! Bronco is launching at Beijing Auto Show and available for Ford customers in China this year,&#8221; Ford CEO Jim Farley wrote on X, formerly Twitter. The post was accompanied by photographs of the Bronco at different locations in China. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In China, the Bronco is known as Liè Ma, or &#39;fierce horse&#39;. Excited for our customers in China to experience the fierce horse themselves! Bronco is launching at Beijing Auto Show and available for <a href="https://twitter.com/Ford?ref_src=twsrc%5Etfw">@Ford</a> customers in China this year. <a href="https://twitter.com/hashtag/BeijingAutoShow?src=hash&amp;ref_src=twsrc%5Etfw">#BeijingAutoShow</a> <a href="https://t.co/cLz7cb1DKe">pic.twitter.com/cLz7cb1DKe</a>
&mdash; Jim Farley (@jimfarley98) <a href="https://twitter.com/jimfarley98/status/1783679917252641067?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Ford got a sales license for the Bronco in China in September and it will be available in China starting this year. However, the model has been dropping in popularity in Ford&#8217;s home ground in the U.S.
Bronco In U.S.: During the first quarter, Bronco sales in the U.S. dropped nearly 26% to 24,066 units. The Bronco Sport SUV, however, witnessed its sales rise 5.7% to 31,565 units. Together, Ford sold 55,631 units of the Bronco family, marking a year-on-year dip of nearly 10.7%. 
For the entirety of 2023, the company witnessed a 9.7% drop in Bronco sales while simultaneously experiencing a 28.1% jump in Bronco Sport sales. 
Ford first made the Bronco in 1966 and the nameplate has been thriving since. While the Bronco currently starts at $39,630 in the U.S., the Bronco sport starts at just $29,795. 
Beijing Auto Show: The Beijing International Automotive Exhibition, which commenced on Thursday,&nbsp;is set to run through early May. Reuters on Thursday reported that <a href="https://www.benzinga.com/news/24/04/38429779/warren-buffett-backed-byd-xiaomi-and-other-local-chinese-automakers-shine-at-beijings-largest-auto-s">EVs are predominant at the event</a>, reflecting the world&#8217;s largest auto market&#8217;s rapid shift towards EVs. 
In fact, Ford&#8217;s rival General Motors has left traditional engine vehicles out of its show line-up for the first time. 
Check out more of Benzinga'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: <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">Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: &#8216;Those That Do&#8230;Use Very Little&#8217;</a>
Photo via Shutterstock

News

Tech

Ford Bets On China With Bronco Launch After Sales Dip In America

Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $275 to $280.

Price Target

Analyst Ratings

TSCO

Telsey Advisory Group Maintains Outperform on Tractor Supply, Raises Price Target to $280

Morgan Stanley analyst James Faucette upgrades EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) from Underweight to Equal-Weight and lowers the price target from $236 to $225.

Upgrades

EPAM

Morgan Stanley Upgrades EPAM Sys to Equal-Weight, Lowers Price Target to $225

RBC Capital analyst Scott Hanold downgrades Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) from Outperform to Sector Perform and raises the price target from $36 to $39.

Downgrades

RBC Capital Downgrades Range Resources to Sector Perform, Raises Price Target to $39

The U.S. Supreme Court, which deliberated former <a href="https://www.benzinga.com/news/24/04/38449386/supreme-court-justices-weigh-absolute-immunity-for-trump-lean-toward-some-protection-we-have-seen-th">Donald Trump&#8217;s immunity claims</a> on Thursday, ruled that former presidents enjoy some degree of immunity from criminal prosecution, and two legal experts weighed in on the proceedings in the apex court.
Chief Justice Holds The Key: Four Justices of the nine-member bench will likely reject claims about Trump&#8217;s absolute immunity and this shifts the spotlight to Chief Justice John Roberts Jr., <a href="https://www.youtube.com/watch?v=sVaoJuvQE_w">said</a> Neel Katyal, an American appellate lawyer and professor of law, in an MSNBC interview.
The question is whether there would be a fifth vote and that would be the chief justice, he said, adding that the top justice was quieter during the hearing.
&#8220;But the chief justice does have [the] ability to surprise us,&#8221; Katyal said, adding that he was the fifth voter who upheld President Barack Obama&#8217;s Affordable Care Act right before the 2012 election.
&#8220;I hold out hope the chief will do the right thing here, uphold the rule of law and reject Trump&#8217;s claims of absolute immunity and let this trial go on so the American people can see it for themselves,&#8221; the legal expert said.
See Also: <a href="https://www.benzinga.com/news/24/04/38348880/donald-trump-could-still-win-even-if-he-loses-in-supreme-court-over-presidential-immunity-claim">Donald Trump Could Still Win Even If He Loses In Supreme Court Over Presidential Immunity Claim</a>
Shocking, Says Weissmann: Former DOJ Attorney and law professor Andrew Weissmann concurred with Katyal that it is going to come down to the chief justice.
&#8220;This is the chance to do something but this decision, just remember, no one was arguing that private acts are either civilly or criminally immune. Everyone agrees private acts you can always be prosecuted for so that&#8217;s a given,&#8221; he said.
So, it was not a win for Special Counsel Jack Smith, who is leading the prosecution side in Trump&#8217;s classified documents case, Weissmann said.
&#8220;I was just shocked that democracy as we know, is riding on finding that fifth vote. There should not be any justices who are in any way supporting this idea,&#8221; the DOJ veteran said. 
It could be like five, four, one way or the other on the case, Weissmann said. This tells you &#8220;how inured we are to the sort of Trumpism overtaking what this country is supposed to stand for,&#8221; he added.
Read Next: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
Photo courtesy: Shutterstock

Politics

Legal

Media

'Just Shocked:' DOJ Veteran Says Potential SCOTUS Suprise Over Trump's Immunity Claim Shows 'How Inured We Are To Sort Of Trumpism Overtaking What This Country Is Supposed To Stand For'

Morgan Stanley analyst Erin Wright downgrades Envista Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVST#NYSE">NVST</a>) from Overweight to Equal-Weight and lowers the price target from $33 to $21.

NVST

Morgan Stanley Downgrades Envista Holdings to Equal-Weight, Lowers Price Target to $21

Needham analyst Kyle Peterson reiterates Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Buy and maintains $1500 price target.

Reiteration

FICO

Needham Reiterates Buy on Fair Isaac, Maintains $1500 Price Target

<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38085675/were-fd-says-rich-dad-poor-dad-author-robert-kiyosaki-because-fed-chair-powell-fina" rel="noreferrer noopener">Robert Kiyosaki</a>, the author of the best-selling book &#8220;Rich Dad Poor Dad,&#8221; believes the U.S. economy is definitely in a state of depression.
What Happened: On Friday, Kiyosaki took to X, to express his view on the state of the U.S. economy. He stated that the economy was in a state of depression because it was experiencing subpar growth.
He wrote, &#8220;Q: Is the American economy in DEPRESSION? A: Yes Definition of a depression: an economy in subpar growth. In other words, the economy may be growing but below potential.&#8221;
Kiyosaki pointed out that the U.S. economy, which grew by 3.4% in the fourth quarter of 2023, only grew by 1.6% in the first quarter of 2024, less than half of the previous quarter&#8217;s growth.
He warned that this trend does not indicate a soft landing and urged people to seek the facts, prepare, and take care.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Q: Is the American economy in DEPRESSION? A: Yes Definition of a depression: an economy in subpar growth. In other words the economy may be growing but below potential. Q4 2023 economy grew by 3.4%. Q1 2024 economy grew by 1.6% less than half. Not going to be a soft…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1783602546235318453?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
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See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38374783/wall-street-set-to-open-higher-as-tesla-to-kick-off-magnificent-7-earnings-why-this-analyst-thinks-?itm_source=parsely-api" rel="noreferrer noopener">S&amp;P 500, Nasdaq Futures Climb Higher: Will Tesla Earnings Spark Rally Or Retreat?</a>
Why It Matters: Kiyosaki&#8217;s warning, although technically incorrect, comes at a time when the U.S. economy is facing various challenges. 
According to the Federal Reserve Bank of San Francisco, a depression is an extreme form of recession lasting three or more years or resulting in a GDP decline of at least 10% in a given year. Throughout its history, the U.S. has faced 34 recessions, including notable ones like the Great Recession of 2008-2009 and the COVID-19 recession of 2020. However, it has experienced only one depression, famously known as the Great Depression, spanning from 1929 to 1941.
Early 2022 had two consecutive quarters of negative GDP growth. That's the&nbsp;<a target="_blank" href="https://www.benzinga.com/economics/23/11/35978120/why-havent-we-had-a-recession-yet-deep-knowledge-investing-research-on-the-economy" rel="noreferrer noopener">definition of a recession</a>.&nbsp;However, the&nbsp;National Bureau of Economic Research&nbsp;declined to declare that there was a recession due to other technical indicators.
The Federal Reserve&#8217;s signals to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38425604/feds-high-interest-rate-policy-spurs-debate-over-economic-impact-this-is-the-path-of-a-potential-pro" rel="noreferrer noopener">maintain&nbsp;high interest</a>&nbsp;rates have sparked concerns about its potential impact on the economy. Despite the ongoing economic stability, the Fed&#8217;s stance has raised questions about its potential impact on the economy.
Additionally,&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38109673/top-economist-flags-warning-signs-of-possible-recession-in-us-economy-it-certainly-" rel="noreferrer noopener">warning signs of a possible recession</a>&nbsp;have been flagged by top economists. The Economic Cycle Research Institute&#8217;s leading economic index, known for its near-perfect track record, has been on a downward trend for the past year. Despite a recent leveling off, past patterns suggest that a dip in this index often precedes a recession.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38410454/treasury-yields-reach-5-month-high-lift-mortgage-rates-expert-warns-federal-debt-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns &#8216;Federal Debt Blob Is Out Of Control&#8217;</a>
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Social Media

Global

Economics

'Rich Dad Poor Dad' Author Robert Kiyosaki Believes US Economy Is 'In Depression' And Warns It's 'Not Going To Be A Soft Landing'

Needham analyst Ryan MacDonald reiterates Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a Hold.

TDOC

Needham Reiterates Hold on Teladoc Health

Needham analyst Joshua Reilly reiterates Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Buy and maintains $500 price target.

Needham Reiterates Buy on Tyler Technologies, Maintains $500 Price Target

Piper Sandler analyst Brent Bracelin reiterates Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Overweight and raises the price target from $455 to $465.

MSFT

Piper Sandler Reiterates Overweight on Microsoft, Raises Price Target to $465

Needham analyst Quinn Bolton reiterates Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Buy and maintains $36 price target.

MBLY

Needham Reiterates Buy on Mobileye Global, Maintains $36 Price Target

Needham analyst Ami Fadia reiterates Blueprint Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) with a Buy and maintains $97 price target.

BPMC

Needham Reiterates Buy on Blueprint Medicines, Maintains $97 Price Target

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Lisata Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTA#NASDAQ">LSTA</a>) with a Buy and maintains $15 price target.

LSTA

HC Wainwright & Co. Reiterates Buy on Lisata Therapeutics, Maintains $15 Price Target

Needham analyst Ami Fadia reiterates Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold.

SAGE

Needham Reiterates Hold on Sage Therapeutics

Wedbush's Dan Ives praised Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) performance after the company reported its <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">March 2024 quarter earnings</a> and beat revenue and earnings per share (EPS) estimates.
What Happened: Ives praised Microsoft CEO Satya Nadella for the company&#8217;s performance in the AI and cloud computing space.
Ives compared Nadella to a &#8220;grandmaster chess player&#8221; and lauded Microsoft&#8217;s Azure cloud platform for its growth in the AI sector. He also referred to the current state of AI as a &#8220;1995 Moment,&#8221; indicating a significant turning point in the industry.
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>
&#8220;For Nadella the grandmaster chess player another Picasso-like performance for Microsoft as Azure is firing on all cylinders and the AI Revolution plays out in front of our eyes. Our #1 AI Draft pick Microsoft hitting its next gear of growth."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For Nadella the grandmaster chess player another Picasso-like performance for Microsoft as Azure is firing on all cylinders and the AI Revolution &#x1f525; plays out in front of our eyes. Our #1 AI Draft pick Microsoft hitting its next gear of growth. $500 PT &#x1f525;&#x1f3c6;&#x1f402;&#x1f37f;&#x1f576;&#xFE0F;. 1995 Moment &#x1f525;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1783767713984164164?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Ives reiterated a price target of $500 for Microsoft stock, which is currently up 4.25% in premarket trading on Friday, at $416, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"Another historic night for Big Tech as the AI Revolution and this 1995 Moment is now here," Ives added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Another historic night for Big Tech as the AI Revolution and this 1995 Moment is now here <a href="https://twitter.com/CNBCClosingBell?ref_src=twsrc%5Etfw">@CNBCClosingBell</a> &#x1f525;&#x1f447; <a href="https://t.co/rN1kF6p9ZF">https://t.co/rN1kF6p9ZF</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1783756944735371304?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Why It Matters: Ives&#8217; comments come in the wake of Microsoft&#8217;s strong performance in the AI and cloud computing sector. During the third-quarter earnings call, Nadella <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">highlighted the strong demand for Azure</a>, particularly in the field of AI, which has significantly contributed to acquiring new customers.
Microsoft&#8217;s third-quarter revenue increased 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share.
During the post-earnings call, <a href="https://www.benzinga.com/general/gaming/24/04/38451061/microsoft-ceo-satya-nadella-highlights-record-breaking-gaming-performance-expansion-to-nintendo-sw">Nadella also revealed</a> that Microsoft had set new records for game streaming hours, console usage, and monthly active devices.
Price Action: Microsoft's shares were up 4.25% in premarket trading on Friday, after closing at $399.04 on the previous day, according to Benzinga Pro.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38426370/mark-zuckerberg-says-tens-of-millions-users-have-already-tried-meta-ai-and-people-are-asking-us-to-r">Mark Zuckerberg Says &#8216;Tens Of Millions&#8217; Users Have Already Tried Meta AI, And People Are &#8216;Asking Us To Release&#8230;Wherever They Are&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

Equities

Markets

'Another Picasso-Like Performance:' Top Tech Analyst Praises Satya Nadella, Says Microsoft Is Top 'AI Draft Pick' With 20% Rally In Store

2024 Earnings&nbsp;Guidance
PGE is reaffirming its estimate for full-year 2024 adjusted earnings&nbsp;guidance&nbsp;of&nbsp;$2.98&nbsp;to&nbsp;$3.18&nbsp;per diluted share based on the following assumptions:
<ul>
<li>Exclusion of the impacts of the&nbsp;January 2024&nbsp;winter storm, including non-deferrable Reliability Contingency Event (RCE) costs and non-deferred incremental storm restoration costs;</li>
<li>An increase in energy deliveries of&nbsp;2%&nbsp;to&nbsp;3%, weather adjusted;</li>
<li>Normal temperatures in its utility service territory;</li>
<li>Hydro conditions for the year that reflect current estimates;</li>
<li>Wind generation based on five years of historical levels or forecast studies when historical data is not available;</li>
<li>Normal thermal plant operations;</li>
<li>Operating and maintenance expense between&nbsp;$815 million&nbsp;and&nbsp;$840 million&nbsp;which includes approximately&nbsp;$165 million&nbsp;of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines;</li>
<li>Depreciation and amortization expense between&nbsp;$475 million&nbsp;and&nbsp;$525 million;</li>
<li>Effective tax rate of&nbsp;10%&nbsp;to&nbsp;15%;</li>
<li>Cash from operations of&nbsp;$700&nbsp;to&nbsp;$800 million;</li>
<li>Capital expenditures of&nbsp;$1,340&nbsp;million; and</li>
<li>Average construction work in progress balance of&nbsp;$795 million.</li>
</ul>

Earnings

Guidance

Portland General Electric Reaffirms Its 2024 Guidance: Sees Adjusted EPS Of $2.98-$3.18 Vs. $3.07 Consensus, And Cash From Operations Of $700M-$800M

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.09 by 11.01 percent. This is a 51.25 percent increase over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $940.000 million which beat the analyst consensus estimate of $828.972 million by 13.39 percent. This is a 26.17 percent increase over sales of $745.000 million the same period last year.

Earnings Beats

Portland Gen Electric Q1 2024 Adj EPS $1.21 Beats $1.09 Estimate, Sales $940.000M Beat $828.972M Estimate

Eric Melis, VP of Global Brand Marketing, Carbonated Soft Drinks at PepsiCo,&nbsp;said: &quot;Jack is renowned worldwide for his incredible football skills and the enjoyment he takes from the game. We celebrate those who personify our attitude on and off the pitch and can&#39;t wait for him to support us in bringing more enjoyment to football fans around the world as part of the Pepsi family.&quot;

PepsiCo Signs Football Star Jack Grealish As Global Brand Ambassador In Multi-year Partnership

TotalEnergies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) reported quarterly earnings of $2.14 per share which beat the analyst consensus estimate of $2.06 by 3.88 percent. The company reported $56.278 in sales this quarter. This is a 100.00 percent decrease over sales of $62.603 billion the same period last year.