CD Projekt Stock (OTC:OTGLY), Trade Ideas

CD Projekt SA is the holding company of CD Projekt capital group. The firm with its subsidiary develops and publishes videogames for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in global digital videogame distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from CD Projekt Red segment.

cyberpunk_shutterstock_1873902736

Earnings

Gaming

News

General

OTGLY

Discover how CD Projekt soared to record-breaking heights in 2023, reporting net profits exceeding $120 million.

This Is One Of The Most Profitable Video Game Makers You&#39;ve Probably Never Heard Of: How It Made $120M In Net Profit Last Year

A Cyberpunk 2077 player recently discovered an Easter egg cleverly hidden by CD Projekt ADR (OTC: OTGLY) within the game&#39;s main menu.

Did You Spot Cyberpunk 2077&#39;s New Easter Egg? &#39;It Was Hidden Way Too Well,&#39; Says Director

Palworld, the &#39;Pokémon with guns&#39; survival and crafting game, sold more than five million copies in just three days, with an impressive rate of 86,000 copies sold per hour.

Steam Hit Palworld Sells 5M Copies Despite Death Threats, Pokémon Plagiarism Claims

CD Projekt SA

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior executive Lars Moravy on Tuesday clarified that the company is not inhibited by 4680 cell production to ramp Cybertrucks. 
What Happened: As compared to the previous quarter, 4680 cell production in the first quarter rose by about 18% to 20%, Moravy said during Tesla&#8217;s first-quarter earnings call. In March, the company produced enough cells <a href="https://www.benzinga.com/news/24/03/37863738/tesla-smashes-doubts-about-4680-cell-production-says-its-made-enough-batteries-for-1-000-cybertrucks">for over 1000 Cybertrucks</a> at Giga Texas in a week. 
&#8220;We expect to stay ahead of the Cybertruck ramp with the cell production throughout Q2,&#8221; Moravy said while adding that the company is looking to maintain multiple weeks of cell inventory to make sure it&#8217;s ahead of Cybertruck&#8217;s production ramp. However, the cell production will be in tandem with Cybertruck production, he noted
&#8220;We&#8217;re not going to just randomly build 4680s unless we have a place to put them and so we&#8217;re going to make sure we&#8217;re prudent about that,&#8221; he added. Moravy is Vice President of Vehicle Engineering at Tesla. 
Just a couple of weeks ago, the company made 1000 Cybertrucks in a week, Moravy said. While the company is looking to achieve volume production to bring down costs, it still faces challenges with the many new technologies and supplier limitations, he added. 
Why It Matters: In December,&nbsp;Reuters&nbsp;<a href="https://www.benzinga.com/markets/equities/23/12/36341487/teslas-cybertruck-reportedly-struggles-with-its-pioneering-4680-battery-is-250-000-production-go" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;that the EV giant is struggling to make 4680 cells fast enough to meet its targeted annual delivery rate of a quarter million Cybertrucks. Tesla&#8217;s gigafactory in Texas is making only enough cells for about 24,000 Cybertrucks a year, the report said.
The annual delivery target of 250,000 Cybertrucks, company CEO Elon Musk has previously said, would not be reached this year but only<a href="https://www.benzinga.com/news/23/10/35322048/tesla-ceo-elon-musk-details-enormous-challenges-in-reaching-volume-production-for-cybertruck-we-dug" target="_blank" rel="noreferrer noopener"> in 2025.</a>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/04/38395808/teslas-high-profile-departures-continue-as-investor-relations-head-martin-viecha-bids-farewell-after">Tesla&#8217;s High-Profile Departures Continue As Investor Relations Head Martin Viecha Bids Farewell After 7-Year Run</a>
Photo via Shutterstock

Guidance

Tech

TSLA

Tesla Exec Says 1,000 Cybertrucks A Week Prove 4680 Cell Production Isn't A Bottleneck: 'We Expect To Stay Ahead...'

Glauber Contessoto, a well-known Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) investor, recently gave a nod to an investor strategy that involves heavy allocation to meme coins Pepe (PEPE) and Dogwifhat (WIF). 
What Happened: On Monday, Contessoto responded to a plan shared on X, a platform formerly known as Twitter, with a tweet saying, &#8220;This is basically my entire plan &#x1f602;&#x1f605;&#x1f680;&#8221;. 
The plan outlined a strategy of investing in new launches and meme coins like $WIF and $PEPE for quick gains. Contessoto&#8217;s response suggests a similar approach to his investments.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is basically my entire plan &#x1f602;&#x1f605;&#x1f680; <a href="https://t.co/SNoshRoR2X">https://t.co/SNoshRoR2X</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1782995806540423674?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>
Contessoto, also known as SlumDOGE Millionaire, who gained fame for his early and unwavering belief in Dogecoin has previously emphasized the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38215397/conviction-conviction-conviction-dogecoin-millionaire-says-he-held-strong-despite-mockery-">importance of conviction</a> in cryptocurrency investments. Despite facing ridicule for his early conviction in Dogecoin in 2021, his steadfast belief eventually paid off, turning the tables on his critics.
Among meme coins so far this year, Dogecoin has returned 81.8%, while Pepe is up almost 520%. While gains on have amounted to a spectacular 2112%.
Why It Matters: Contessoto recently announced a $300,000 <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38096483/major-crypto-influencer-announces-300k-purchase-of-these-3-meme-coins-the-same-conviction-">investment in three meme coins</a>: Dogwifhat, Pepe, and Brett (BRETT), asserting that market dips are the best times to double down on one's convictions.
Contessoto&#8217;s endorsement of meme coins comes at a time when some traders are expressing optimism about the performance of Dogecoin against Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Crypto trader Kevin, formerly known as OG_Yomi, noted that Dogecoin is currently <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38395178/dogecoin-could-outperform-bitcoin-thanks-to-consolidation-in-the-golden-pocket-says-trader">consolidating in the golden pocket</a> while sitting above all bull market up trending moving averages, a position that could potentially see it outperform Bitcoin.
Price Action: At the time of writing, DOGE traded 1.85% higher at $0.16, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38349928/melania-trump-launches-245-customizable-mothers-day-necklace-buyers-to-also-get-limited-ed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Melania Trump Launches $245 Customizable Mother&#8217;s Day Necklace, Buyers To Also Get Limited-Edition Solana</a>
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$BTC

$DOGE

$PEPE

DOGE

Dogecoin 'Millionaire' Reacts To Strategy Involving Heavy Allocation To Pepe, Dogewifhat: 'Basically My Entire Plan'

Under the agreement, ANGLE will develop a novel methodology for CTC micronuclei detection based on its existing pKAP1 CTC-based DDR assay, which measures expression of a key protein in the DNA damage response. Assay development will take place in ANGLE&#39;s laboratories in Guildford, UK, and follows the Company&#39;s development and launch of two highly sensitive and specific DDR assays in 2023. The 6-month development phase is worth an initial &pound;150,000 to ANGLE.

ANPCF

Angle Inks New Commercial Agreement With AstraZeneca to Enhance DNA Damage Response Detection

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is set to release earnings results for its first quarter after the<a href="https://www.benzinga.com/quote/META/earnings"> closing bell on April 24, 2024.</a>
Analysts expect the Menlo Park, California-based company to report quarterly earnings at $4.32 per share, up from $2.20 per share in the year-ago period. Meta is projected to report quarterly revenue of $36.16 billion, up from $28.64 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Meta recently announced that its AI assistant, powered by the newly launched Llama 3 model, will now incorporate real-time search results from Alphabet Inc.&#8217;s (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>) Google and Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing.
Meta shares rose 3% to close at $496.10 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/META/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Bernstein analyst Mark Shmulik maintained an Outperform rating and raised the price target from $535 to $590 on April 18, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Truist Securities analyst Youssef Squali maintained a Buy rating and boosted the price target from $525 to $550 on April 17, 2024. This analyst has an accuracy rate of 81%.</li>
<li>UBS analyst Lloyd Walmsley maintained a Buy rating and raised the price target from $530 to $610 on April 16, 2024. This analyst has an accuracy rate of 85%.</li>
<li>Stifel analyst Mark Kelley maintained a Buy rating and boosted the price target from $527 to $588 on April 16, 2024. This analyst has an accuracy rate of 87%.</li>
<li>Citigroup analyst Ronald Josey maintained a Buy rating and increased the price target from $525 to $590 on April 15, 2024. This analyst has an accuracy rate of 72%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38376630/amazon-com-united-airlines-and-2-other-stocks-insiders-are-selling">Amazon.com, United Airlines And 2 Other Stocks Insiders Are Selling</a>

Price Target

Markets

Trading Ideas

GOOG

GOOGL

MSFT

Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Timberland Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBK#NASDAQ">TSBK</a>) reported quarterly earnings of $0.70 per share. This is a 12.5 percent decrease over earnings of $0.80 per share from the same period last year. The company reported $18.25 million in sales this quarter. This is a 7.77 percent decrease over sales of $19.79 million the same period last year.

TSBK

Timberland Bancorp Q2 EPS $0.70 Down From $0.80 YoY, Sales $18.25M Down From $19.79M YoY

LPTV

Reported Earlier, NYSE American Issues Non-Compliance Warning To Loop Media For Continued Listing Standards

Management

Reported Earlier, Visionary Holdings Appoints Zhong Chen As CEO, Effective Immediately

Amid fluctuating market conditions and rumors about Elon Musk's role as the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), the tech billionaire has suggested that he <a href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package">continues to spend</a> the majority of his time at the EV giant. 
What Happened: On Tuesday, during <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla's first-quarter earnings call</a>, Musk was asked that considering he is leading several important companies including SpaceX and X, formerly Twitter, where does his heart actually belong.&nbsp;
The question came from Tony Sacconaghi, a Wall Street analyst from Bernstein, who asked him about the possibility of reduced involvement with Tesla at &#8220;any point over the next three years.&#8221;&nbsp;
In response, Musk sidestepped answering the question directly. He said that Tesla &#8220;constitutes a majority of my work time, and I work pretty much every day of the week, it&#8217;s rare for me to take a Sunday afternoon off.&#8221;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
The entrepreneur went on to assert that he will make sure &#8220;Tesla is quite prosperous. And it is — like it is prosperous, and it will be very much so in the future.&#8221;
Last year, Tesla director James Murdoch created a stir when he reportedly suggested that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/11/29760366/is-elon-musk-stepping-down-as-tesla-ceo-soon-analysts-react-to-succession-comments">Musk has identified a potential successor</a> to replace him.&nbsp;
Why It's Important: Earlier this month, Tesla's stock faced a significant downturn following a report on <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival">disappointing first-quarter deliveries</a>. At the time, Wedbush analyst Dan Ives said that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38202377/elon-musk-should-pledge-3-5-year-tenure-as-ceo-says-wedbushs-dan-ives-70-of-the-val">70% of Tesla's value is Musk</a>.&nbsp;
&#8220;Musk is Tesla, Tesla is Musk,&#8221; he said.
In January earlier this year, Musk said that he <a href="https://www.benzinga.com/news/24/01/36634396/elon-musk-seeks-greater-control-over-tesla-as-ai-endeavors-multiply-enough-to-be-influential-not-so">would require increased control of Tesla</a> if he is to advance AI endeavors at the company. &#8220;I am uncomfortable growing Tesla to be a leader in AI &amp; robotics without having ~25% voting control. Enough to be influential, but not so much that I can&#8217;t be overturned.&#8221;
Previously, in 2020, <a href="https://www.benzinga.com/general/24/01/36574844/elon-musk-says-he-never-wanted-to-be-ceo-of-tesla-or-anything-running-companies-hurts-my-heart-but-h">Musk admitted that he never wanted</a> to be CEO of Tesla. &#8220;This is misinterpreted like I somehow don't love Tesla, which I do, it's just like trying not to go insane with work,&#8221; he said at the time.&nbsp;&nbsp;
Check out more of Benzinga's Future Of Consumer Tech by <a href="https://www.benzinga.com/topic/consumer-tech">following this link.</a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38394597/elon-musk-reacts-to-marjorie-taylor-greenes-ally-revelation-of-fine-threat-by-house-authorities-mike">Elon Musk Reacts To Marjorie Taylor Greene&#8217;s Ally Revelation Of Fine Threat By House Authorities: Mike Johnson Removing Traces Of &#8216;Betrayal of America&#8217;</a>

Elon Musk Answers Question On Reducing Involvement At Tesla In Coming 3 Years: 'It's Rare For Me To Take A Sunday Afternoon'

<ul>
<li>TANDI is now the first and only novel hormone therapy available for the treatment of high-risk biochemical recurrent non-metastatic hormone-sensitive prostate cancer in the European Union (EU)</li>
<li>XTANDI can be given alone or in combination with androgen deprivation therapy</li>
<li>Approval is based on results from the positive Phase 3 EMBARK study which showed XTANDI alone or in combination with leuprolide reduced the risk of metastasis or death</li>
</ul>

ALPMY

Reported Earlier, Astellas' XTANDI (Enzalutamide) Granted European Commission Approval For Use In Additional Recurrent Early Prostate Cancer Treatment Setting

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) to report a quarterly loss at $1.76 per share on revenue of $16.23 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Boeing shares rose 0.8% to $170.56 in after-hours trading.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) posted weaker-than-expected earnings and sales results for its first quarter on Tuesday. The company reported first-quarter revenue of $21.3 billion, which missed a Street consensus estimate of $22.15 billion. The electric vehicle giant also announced plans to speed up the launch of new models. Tesla shares jumped 13.3% to $163.96 in the after-hours trading session.</li>
<li>Analysts are expecting AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to post quarterly earnings at 54 cents per share on revenue of $30.54 billion. The company will release earnings before the markets open. AT&amp;T shares rose 1.2% to close at $16.50 on Tuesday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) posted upbeat earnings for its third quarter, while sales missed expectations. Seagate shares gained 1.8% to $88.10 in the after-hours trading session.</li>
<li>Analysts expect Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) to post quarterly earnings at 42 cents per share on revenue of $40.10 billion after the closing bell. Ford shares rose 0.9% to $13.05 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38377866/top-2-health-care-stocks-which-could-rescue-your-portfolio-this-month">Top 2 Health Care Stocks Which Could Rescue Your Portfolio This Month</a>

Equities

Pre-Market Outlook

Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday

Following payload deployment to two separate orbits, Electron&#39;s Kick Stage completed a final engine burn to lower its altitude and speed up its reentry to help reduce space junk

RKLB

Reported Earlier, Rocket Lab Deploys Satellites ~500km Apart To Separate Orbits For KAIST And NASA

Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO&nbsp;Elon Musk&nbsp;offered a glimpse into his&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" rel="noreferrer noopener">&#8220;blindingly obvious&#8221;&nbsp;robotaxi&nbsp;strategy</a>&nbsp;during the company&#8217;s first-quarter earnings call on Tuesday, highlighting a potential name for the autonomous vehicle — &#8220;Cybercab&#8221; — and a unique ownership model inspired by&nbsp;Airbnb&nbsp;and&nbsp;Uber.
Dual Ownership Fleet:&nbsp;Musk described the forthcoming&nbsp;robotaxi&nbsp;fleet as functioning &#8220;like a combination of Airbnb and Uber.&#8221; This suggests a two-pronged approach: Tesla will own and operate a segment of the&nbsp;robotaxi&nbsp;fleet, while also offering individuals the opportunity to integrate their&nbsp;personal&nbsp;vehicles into the network for rental purposes.&nbsp;
This concept echoes a similar vision presented by Musk in 2019, as per Reuters, where a&nbsp;robotaxi&nbsp;network was expected to be operational by 2020.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">How To Buy Tesla Stock </a>
&#8216;Cybercab&#8217; Name Emerges:&nbsp;During the call, Musk casually referred to the &#8220;purpose-built&nbsp;robotaxi&nbsp;product&#8221; as the &#8220;Cybercab.&#8221; While it&#8217;s unclear if this is a placeholder or the final name, it hints at a potential design direction.
Design Inspiration:&nbsp;According to Musk&#8217;s biographer&nbsp;Walter Isaacson, the design for the&nbsp;robotaxi, as well as the&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38262675/not-good-for-tesla-if-its-true-says-fund-manager-as-new-report-says-ev-maker-has-pu" rel="noreferrer noopener">now-scrapped $25,000 EV</a>, was influenced by a February 2023 design review session. Inspired&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/09/34422336/elon-musk-biographer-walter-isaacsons-interview-raises-speculations-on-tesla-robotaxi-design" rel="noreferrer noopener">by the Tesla Cybertruck</a>, both vehicles reportedly share a futuristic aesthetic characterized by angular lines and stainless steel construction.
Durability in Focus:&nbsp;In a playful jab at self-driving car company&nbsp;Waymo, Musk this week commented on a parody video showcasing the Cybertruck&#8217;s durability, suggesting it might be better suited for San Francisco&#8217;s&nbsp;robotaxi&nbsp;scene due to recent vandalism incidents.&nbsp;
Uncertain Timeline, Clearer Vision:&nbsp;While the precise timeline for the Cybercab&#8217;s launch remains unconfirmed, these developments paint a clearer picture of Tesla&#8217;s self-driving ambitions.&nbsp;
While some analysts like&nbsp;Gene Munster&nbsp;support Tesla&#8217;s focus on autonomous vehicles, others like&nbsp;Gary Black&nbsp;<a href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" target="_blank" rel="noreferrer noopener">warn it&#8217;s risky</a>&nbsp;to prioritize robotaxis over developing the previously planned low-cost electric car. Importantly, Musk has long championed autonomous Teslas functioning as robotaxis, even identifying it as a key driver of value in 2023.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38395808/teslas-high-profile-departures-continue-as-investor-relations-head-martin-viecha-bids-farewell-after" target="_blank" rel="noreferrer noopener">Tesla&#8217;s High-Profile Departures Continue As Investor Relations Head Martin Viecha Bids Farewell After 7-Year Run</a>
Image generated using AI on Adobe Shutterstock

Tesla's Robotaxi To Be Called 'Cybercab?' Elon Musk Says Self-Driving Fleet Will Be Like 'Combination Of Airbnb And Uber'

CNTA

Reported Earlier, Centessa Pharmaceuticals Prices $100M Public Offering Of 10,810,810 American Depositary Shares At $9.25/ADS

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks closed higher on Tuesday, recording gains for the second straight session.
On the economic data front, the S&amp;P Global composite PMI fell to 50.9 in April versus 52.1 a month ago. Sales of new single-family houses jumped 8.8% month-over-month to an annualized rate of 693,000 in March, compared to a revised 5.1% decline in February.
General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported better-than-expected earnings for its fiscal first quarter. PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) reported first-quarter FY24 sales growth of 2.3% year-on-year to $18.25 billion, beating the analyst consensus estimate of $18.079 billion. JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares fell around 19% on Tuesday after the company reported first-quarter financial results and issued weak FY24 revenue outlook.
As far as the earnings season is concerned, around 20% of the S&amp;P 500 companies have released quarterly results so far, with around 76% of those exceeding market estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, communication services and industrial stocks recording the biggest gains on Tuesday. However, materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 264 points to 38,503.69 on Tuesday. The S&amp;P 500 rose 1.20% at 5,070.55, while the Nasdaq Composite climbed 1.59% at 15,696.64 during Tuesday's session.
Investors are awaiting earnings results from Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) today.
At a current reading of 40.1, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 38.1.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38377428/over-10m-bet-on-this-healthcare-stock-check-out-these-4-stocks-insiders-are-buying">Over $10M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying</a>

JBLU

Investor Sentiment Improves Further, Dow Jumps Over 250 Points

Brett Arends, a journalist for MarketWatch, recently expressed his views on Donald Trump&#8217;s $1.1 billion stock bonus deal with Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>). 
What Happened: During CNBC&#8217;s &#8220;Last Call&#8221; on Tuesday, Arends described the deal as a &#8220;no-lose&#8221; situation for the former president. The deal bumped Trump&#8217;s overall stake in the company to $3.7 billion shares.
&#8220;You&#8217;re dealing with a guy who is a pass-master at hustling,&#8221; Arends said, recognizing Trump&#8217;s marketing strategies and &#8220;playing the media.&#8221;
"When you look through the fine print, it's just amazing. The terms of this bonus are, which were written in there and nobody was paying attention to, basically was a no-lose deal for Donald Trump" Arends said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"It's just amazing," says <a href="https://twitter.com/MarketWatch?ref_src=twsrc%5Etfw">@marketwatch</a>'s <a href="https://twitter.com/BrettArends?ref_src=twsrc%5Etfw">@BrettArends</a> on Donald Trump's $1.1B stock bonus deal with Trump Media. "The terms of this bonus are… a no-lose deal for Donald Trump." <a href="https://twitter.com/search?q=%24DJT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJT</a> <a href="https://t.co/fUaY3B5Wox">pic.twitter.com/fUaY3B5Wox</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1782923314886758577?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Spee</a>
Why It Matters: Trump could gain an <a href="https://www.benzinga.com/general/politics/24/04/38362005/donald-trump-may-soon-receive-36-million-more-djt-shares-key-milestone-ahead">additional $1.26 billion worth of DJT shares </a>if the company meets certain performance-based milestones. This potential windfall is part of an earnout provision from the original SPAC merger agreement with Digital World Acquisition Corporation.
However, DJT shares <a href="https://www.benzinga.com/markets/equities/24/04/38384714/whats-going-on-with-trump-media-technology-stock-on-tuesday">have been on a downward trend</a> recently. The stock has been in free fall for the last month. The company has even reached out to Nasdaq regarding suspected short-selling activity in its shares.
Price Action: Trump Media &amp; Technology Group Corp. closed at $32.57 on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a> data. The stock&#8217;s 52-week high is $79.38, and its 52-week low is $22.55. After hours, the stock was last traded at $32.15.
Read Next: <a href="https://www.benzinga.com/news/24/04/38339431/general-motors-and-ford-are-facing-the-same-challenge-as-they-run-back-to-gas-powered-trucks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">General Motors And Ford Are Facing The Same Challenge As They Run Back To Gas-Powered Trucks</a>
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Analyst Color

Politics

'No-Lose Deal For Donald Trump,' Says Expert On Ex-President's $1.1B Stock Bonus Deal With DJT

The size of the offering was increased from the previously announced $250 million aggregate principal amount of notes. In connection with the offering of the notes, Vertex granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $45 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to settle on April 26, 2024, subject to customary closing

VERX

Reported Earlier, Vertex Prices Upsized $300M 0.750% Convertible Senior Notes Due 2029

In a recent statement, Kim Yo Jong, sister of North Korean leader Kim Jong Un, announced that North Korea is committed to strengthening its military power to safeguard its sovereignty and ensure regional peace.
What Happened: Kim Yo Jong condemned the U.S. military&#8217;s series of exercises in the region this year, beginning with live-fire drills conducted with South Korea, which she labeled as a cause of regional instability, Reuters reported on Wednesday. She referred to the South Korean military as &#8220;puppet military gangsters.&#8221;
&#8220;We will continue to build overwhelming and the most powerful military power to safeguard our sovereignty, security and regional peace,&#8221; she was quoted as saying by the North&#8217;s KCNA news agency.
The U.S. and South Korean militaries have been conducting a series of drills with increased scale and intensity in recent months, under a pledge by both countries&#8217; leaders to enhance military readiness against North Korea&#8217;s threats.
See Also: <a href="https://www.benzinga.com/news/24/04/38348277/trump-vs-biden-nationwide-poll-shows-key-issue-decidedly-tilts-equation-in-favor-of-one-candidate?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump vs. Biden: Nationwide Poll Shows Key Issue Decidedly Tilts Equation In Favor Of One Candidate</a>
About 100 military aircraft conducted two-week-long aerial drills this month, according to South Korea&#8217;s military. North Korea views these U.S. military exercises as preparations for a nuclear war against it, while Washington and Seoul maintain that the drills are defensive and conducted regularly to maintain readiness.
Why It Matters: This announcement comes on the heels of a series of events that have escalated tensions in the region. Earlier this year, North Korea conducted its fourth missile test,<a href="https://www.benzinga.com/news/24/04/38358710/kim-jong-uns-north-korea-conducts-fourth-missile-test-in-2024-alarms-south-korea-japan"> raising alarms in South Korea</a> and Japan. The missile was suspected to be a ballistic one, capable of deploying a hypersonic glide vehicle for delivering a nuclear payload.
In response to North Korea&#8217;s actions, the United States, South Korea, and Japan proposed the creation of a <a href="https://www.benzinga.com/news/24/04/38290092/us-and-asian-allies-propose-new-panel-to-monitor-sanctions-imposed-on-kim-jong-uns-north-korea">new body to oversee sanctions</a> enforcement. This initiative was proposed to maintain international pressure on North Korea.
Kim Yo Jong&#8217;s recent statement echoes her previous criticisms of the U.S., as <a href="https://www.benzinga.com/news/23/06/32663578/kim-jong-uns-powerful-sister-berates-us-for-gangster-like-hypocrisy-after-north-koreas-failed-spy-sa">she had slammed the U.S</a>. for &#8220;gangster-like&#8221; hypocrisy after North Korea&#8217;s failed military spy satellite launch in 2023.
Read Next: <a href="https://www.benzinga.com/news/24/04/38350223/us-base-in-syria-targeted-by-rockets-fired-from-iraq-washington-strikes-back-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Base In Syria Targeted By Rockets Fired From Iraq, Washington Strikes Back: Report</a>
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Global

Kim Jong Un's Sister Pledges To Build North Korea's 'Overwhelming' Military Power Amid Rising Regional Tensions

Paul Krugman, a prominent American economist, has weighed in on the current inflation debate, citing a recent survey by the Atlanta Federal Reserve that suggests stable inflation expectations.
What Happened: On Sunday, Krugman took to social media platform X to share his thoughts on the matter. He wrote, &#8220;Is inflation taking off again? Businesses don&#8217;t think so: Atlanta Fed survey shows inflation expectations stable at slightly above 2 percent.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is inflation taking off again? Businesses don&#39;t think so: Atlanta Fed survey shows inflation expectations stable at slightly above 2 percent <a href="https://t.co/T8XdRP7oYq">pic.twitter.com/T8XdRP7oYq</a>
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1782892538619204049?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/04/38350894/billionaire-investor-ray-dalio-is-sticking-with-gold-as-a-hedge-against-inflation-history-and-logic?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Investor Ray Dalio Is Sticking With Gold As A Hedge Against Inflation: &#8216;History And Logic Sho</a>
Why It Matters: Krugman&#8217;s comments come at a time when the topic of inflation is a major concern for the market. The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38389508/did-the-feds-strategy-pay-off-goldman-sachs-projects-steady-inflation-decline-in-20">Federal Reserve&#8217;s strategy</a> and the impact of government spending on inflation have been hotly debated. Former Dallas Fed President Robert Kaplan recently suggested that government spending was contributing to sustained inflation, making rate cuts unadvisable.
However, Goldman Sachs economist Jessica Rindels has predicted a decline in the core Personal Consumption Expenditure (PCE) Inflation for the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38389508/did-the-feds-strategy-pay-off-goldman-sachs-projects-steady-inflation-decline-in-20">rest of the year</a>, attributing the recent inflation increases to transient factors.
Meanwhile, the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon">latest data on U.S. private sector activity</a> indicates a significant and unexpected slowdown in growth, marking the softest expansion since December. This slowdown has been accompanied by a welcome moderation in the rates of increase for selling prices in both goods and services.
Notably, the drivers of inflation have changed. Manufacturing has now registered a steeper rate of price increases in three of the past four months, with factory cost pressures intensifying in April amid higher raw material and fuel prices, contrasting with the wage-related, services-led price pressures seen throughout much of 2023,&#8221; Chris Williamson, chief business economist at S&amp;P Global Market Intelligence stated.
Contrasting Krugman&#8217;s views, economist Peter Schiff cautioned in March that despite the Federal Reserve&#8217;s signaling of three <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/38013652/peter-schiff-warns-of-far-more-devastating-outcome-than-2008-global-financial-crisi">potential rate cuts</a> this year under Jerome Powell&#8217;s leadership, the central bank&#8217;s thinking might be erroneous, especially with the annual rate of personal consumption expenditure index ticking up.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358074/peter-schiff-warns-against-piling-risk-assets-like-tech-stocks-and-bitcoin-amid-inf?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Warns Against Piling &#8216;Risk Assets&#8217; Like Tech Stocks And Bitcoin Amid Inflation Concerns: &#8216;In</a>
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Economics

'Is Inflation Taking Off Again?' Paul Krugman Dismisses Fears, Citing Atlanta Fed Survey

The U.S. Congress has finally approved a comprehensive&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37656991/ukraine-to-receive-300-million-in-us-military-aid-as-battle-with-russia-intensifies" rel="noreferrer noopener">foreign aid package</a>, totaling $95 billion, for Ukraine, Israel, and Taiwan, in a move to counter Russia&#8217;s ongoing invasion of Ukraine.
What Happened: The Senate passed four bills on Tuesday, with a vote of 79-18, that were previously approved by the House of Representatives, reported Reuters. The bills encompass mostly military aid for Ukraine, Israel, Taiwan, and U.S. partners in the Indo-Pacific.
The package includes a $61 billion allocation for Ukraine, $26 billion for Israel, and humanitarian aid for civilians in conflict zones globally. It also sets aside $8.12 billion to &#8220;counter communist China&#8221; in the Indo-Pacific. A fourth bill, added by the House last week, includes potential bans on the Chinese-controlled social media app TikTok, measures for the transfer of seized Russian assets to Ukraine, and new sanctions on Iran.
The aid package is expected to be signed into law by President&nbsp;Joe Biden&nbsp;on Wednesday. The bills were combined into one package in the Senate.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-aerospace-defense-stocks" rel="noreferrer noopener">Best Aerospace and Defense Stocks</a>
Ukrainian President&nbsp;Volodymyr Zelenskiy&nbsp;expressed gratitude to U.S. lawmakers for approving the &#8220;vital&#8221; aid for Ukraine, emphasizing the reinforcement of America&#8217;s role as a beacon of democracy and the leader of the free world.
Both Democratic and Republican leaders in the Senate anticipate that the aid package will send a clear message to Russian President&nbsp;Vladimir Putin&nbsp;and other foreign adversaries that the U.S. will continue to support Ukraine and its partners.
Why It Matters: The approval of the aid package comes amid&nbsp;<a target="_blank" href="https://www.benzinga.com/24/04/38349780/russia-foresees-humiliating-fiasco-for-us-in-ukraine-support-kremlin-drops-vietnam-and-afghanistan-r" rel="noreferrer noopener">warnings from the Kremlin</a>&nbsp;that the U.S. support for Ukraine could result in a &#8220;humiliating fiasco,&#8221; drawing parallels with Vietnam and Afghanistan. The aid package also includes measures for the transfer of seized Russian assets to Ukraine, a move that&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38376263/russia-threatens-retaliation-over-potential-seizure-of-frozen-assets-to-aid-ukraine" rel="noreferrer noopener">Russia has threatened to retaliate against</a>.
The approval of this aid package is a significant step in the U.S.&#8217;s response to Russia&#8217;s invasion of Ukraine and its broader geopolitical strategy in the Indo-Pacific.
Read Next: <a href="https://www.benzinga.com/news/24/04/38394855/biden-set-to-sign-tiktok-ban-into-law-after-senate-passes-bill-supported-by-gop-democrats" target="_blank" rel="noreferrer noopener">Biden Set To Sign TikTok Ban Into Law After Senate Passes Bill Supported By GOP, Democrats</a>
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Media

US Congress Finally Passes $95B Foreign Aid Bill For Ukraine, Israel, Taiwan Amid Simmering Russian Aggression

Norsk Hydro (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NHYDY#OTC">NHYDY</a>) reported quarterly earnings of $0.09 per share which met the analyst consensus estimate. This is a 48.24 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $4.522 billion which missed the analyst consensus estimate of $4.829 billion by 6.36 percent. This is a 4.76 percent decrease over sales of $4.748 billion the same period last year.

Earnings Misses

NHYDY

Norsk Hydro Q1 2024 Adj. EPS $0.09, Inline, Sales $4.522B Miss $4.829B Estimate

CD Projekt: Setting The Groundwork For A Promising Future

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
At first glance, targeting low-volatility stocks to buy for stable growth might seem too cautious. Yet, in the investment world, keeping tabs on volatility is imperative and a key indicator of risk. During market downturns, volatile stocks often experience significant price swings. In contrast, sectors including healthcare, consumer staples, telecommunications, and utilities typically show lower volatility, offering a relatively safer haven in recessionary periods. Despite current market momentum, the waning strength of the global economy hints at inevitable moderation in growth. While optimism is valued in society, on Wall Street, a pragmatic approach is crucial. Given the interconnected nature of the global economy, investors must remain aware of broader trends. With that said, I&rsquo;ve highlighted seven savvy picks for stable, low-volatility stocks, each with a Beta value of under one. This metric gauges volatility compared to the market, making these stocks steadier bets in turbulent times.



<h2>Stocks to Buy for Stable Growth: CD Projekt S.A. ADR (OTGLY)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/esports-gaming-300x169.jpg" alt="cloud gaming: Gamer Playing and Winning in First-Person Shooter Online Video Game on His Personal Computer"><div>Source: Gorodenkoff / Shutterstock.com</div></div>


<ul><li>Beta: 0.94</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 34.6%</li>
</ul>CD Projekt S.A. ADR (OTCMKTS:<a href="https://investorplace.com/stock-quotes/otgly-stock-quote/">OTGLY</a>) is a company known in the gaming industry for its innovative spirit. Following its initial launch amidst a whirlwind of anticipation, Cyberpunk 2077 has now evolved into a game that has lived up to the high expectations set by its early buzz. The game&rsquo;s eventual triumph, with <a href="https://80.lv/articles/cyberpunk-2077-has-sold-over-25-million-copies/#:~:text=The%20game%20reached%20this%20impressive%20milestone%20faster%20than%20The%20Witcher%203.">sales surpassing 25 million copies</a>, exemplifies the company&rsquo;s resilience and capacity for long-term growth in the competitive gaming niche.



These achievements underscore the company&rsquo;s evolution, learning from past experiences to build upon future projects. The success of Cyberpunk, alongside the legendary Witcher series, has diversified the studio&rsquo;s revenue streams, reducing its reliance on a single franchise. Furthermore, with its appealing slate of new installments of its successful lineup of games, CD Projekt RED is set to broaden its footprint in the gaming industry significantly.



<h2>Palo Alto (PANW)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw1600-300x169.jpg" alt="Palo Alto Networks (PANW) building with blue logo on side with blue sky backdrop"><div>Source: Shutterstock</div></div>


<ul><li>Beta: 0.87</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 26%</li>
</ul>Palo Alto&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/panw-stock-quote/">PANW</a>) demonstrates a robust position in the cybersecurity landscape, underscored by its varied services which include advanced firewalls and specialized solutions including threat detection and DNS security. The company&rsquo;s financial performance remains solid, evident in its latest quarter report for fiscal 2024, <a href="https://seekingalpha.com/news/4037266-palo-alto-networks-non-gaap-eps-of-1_38-beats-0_22-revenue-of-1_9b-beats-60m">showcasing a 20% increase in sales</a>. This growth is attributed to various segments, including a 3% increase in product revenue, 25% in total service revenue, and a 29% bump in subscription revenue.



These figures reflect Palo Alto&rsquo;s diversified revenue streams, contributing impressively to its overall growth. Amid the challenges of rising costs, Palo Alto is focusing on flexible billing options and engaging with multiple partners to align billing trends with revenue projections and market demand efficiently. Furthermore, Palo Alto is enhancing its network security and embracing new technologies including AI, UI improvements, and Zero Trust architecture, affirming its commitment to staying ahead in the dynamic cybersecurity sphere.



<h2>Stocks to Buy for Stable Growth: Nutrien (NTR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/nutrien_ntr_1600-300x169.jpg" alt="A photo of Nutrien's (NTR) website, with a magnifying glass over the logo."><div>Source: Pavel Kapysh/ShutterStock.com</div></div>


<ul><li>Beta: 0.84</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 16.70%</li>
</ul>Nutrien&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ntr-stock-quote/">NTR</a>) is a Canadian giant in the fertilizer sector, holding the title of the world&rsquo;s largest potash producer and the third largest in nitrogen fertilizer. With it boasting a massive network of more than 2,000 retail locations spanning North America, South America, and Australia, Nutrien demonstrates its dual prowess in manufacturing and agricultural technology. The company&rsquo;s strategic growth plans involve ramping up potash production to 18 million tons by 2025, addressing global supply shortages and rising demand.



Nutrien is also championing sustainability, embarking on building the <a href="https://www.nutrien.com/investors/news-releases/2022-nutrien-announces-intention-build-worlds-largest-clean-ammonia">world&rsquo;s largest clean ammonia facility</a> in Louisiana, reflecting its commitment to eco-friendly practices. Financially robust, Nutrien recorded an impressive $1.1 billion adjusted EBITDA in its most recent quarterly showing, reaching a total of $5 billion over nine months. Its revenue peaked at $5.37 billion, coupled with a forward yield of 3.5%, showcasing the firm&rsquo;s sustained profitability and promising outlook in its niche.



<h2>Visa (V)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/visa-1600-300x169.jpg" alt="several Visa branded credit cards"><div>Source: Kikinunchi / Shutterstock.com</div></div>


<ul><li>Beta: 0.94</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 16.50%</li>
</ul>Visa&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/v-stock-quote/">V</a>), a titan in payment processing, continues to impress with its solid financial performance. The company reported an 11% increase in total revenue and a 19% hike in net income in the fourth quarter. Moreover, their processed transactions also saw a 10% growth. Holding a formidable position alongside Mastercard (NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>) in the payment sector, Visa boasts profit margins exceeding the 50% mark. This financial resilience is highlighted by consistent positive cash flow, even during the most testing of economic challenges. 



Visa&rsquo;s approach to managing excess liquidity is strategic, with a <a href="https://seekingalpha.com/symbol/V/growth">five-year free cash flow growth</a> of more than 13.5%, funneling billions back to shareholders via buybacks and dividends. The recent uptick in international travel has further fueled Visa&rsquo;s success, with a notable bump in cross-border transaction volumes and fees. Looking forward, the expected surge in holiday spending is likely to bolster Visa&rsquo;s performance even more, cementing its status as a giant in the financial services sector.



<h2>Stocks to Buy for Stable Growth: Nintendo (NTDOY, NTDOF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/ntdoy-stock-1600-300x169.jpg" alt="A yellow Switch Lite from Nintendo (NTDOY) sits in front of a bright pink background."><div>Source: ESOlex / Shutterstock.com</div></div>


<ul><li>Beta: 0.51</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 12%</li>
</ul>Nintendo&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdoy-stock-quote/">NTDOY</a>, OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdof-stock-quote/">NTDOF</a>) is shaping up to be a leading gaming stock in 2024, bolstered by robust financial triumphs of late. After a powerful fiscal second quarter, the company has raised its full-year forecast, anticipating 1.58 trillion yen in net sales, up significantly from 1.45 trillion yen. Its net profit is expected to climb to a whopping 420 billion yen. 



This financial surge is propelled by successes including The Super Mario Bros. Movie and the growing popularity of Zelda games. Nintendo Switch software projections are up to 185 million units, thanks to growing sales of The Legend of Zelda: Tears of the Kingdom. Digital sales increased by a <a href="https://seekingalpha.com/news/4031771-nintendo-boosts-full-year-forecast-thanks-to-mario-and-zelda">hefty 15.8%</a>, driven by favorable currency factors and enhanced content. Furthermore, with the holiday season ahead, and the potential of its vast intellectual property, Nintendo&rsquo;s financials and innovative ventures signal a promising 2024.



<h2>Travelers Companies (TRV)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/travelers1600-300x169.jpg" alt="Red umbrella covering stacks of bills"><div>Source: Shutterstock</div></div>


<ul><li>Beta: 0.55</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 11.7%</li>
</ul>Travelers Companies (NYSE:<a href="https://investorplace.com/stock-quotes/trv-stock-quote/">TRV</a>), with its iconic red umbrella emblem, is a reputable player in the insurance sector, offering a variety of solutions from property and casualty to auto, home, and business insurance. With a remarkable 165-year history, TRV has delivered a 53.7% price return over three years, consistently raising dividends for 17 consecutive years. Despite 2023&rsquo;s challenges, including inflation and catastrophe losses, Travelers&rsquo; strategic premium signals potential for future earnings growth.



As a leader in diversified property and casualty insurance, the firm&rsquo;s effective premium renewal approaches, combined with a substantial share repurchase program and a notable dividend track record, reflect its financial ability. Travelers has been growing its top-line growth at more than 10.5% year-over-year, while its <a href="https://seekingalpha.com/symbol/TRV/profitability">levered FCF margins stand at 32.5%</a>, making it an attractive investment option despite the weaknesses in its business environment.



<h2>Novo Nordisk (NVO)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nvo-stock-300x169.jpg" alt="Novo Nordisk logo on a corporate building"><div>Source: joreks / Shutterstock.com</div></div>


<ul><li>Beta: 0.60</li>



<li>3-Year Cyclically Adjusted Revenue Growth Rate: 13.1%</li>
</ul>Novo Nordisk&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nvo-stock-quote/">NVO</a>) is one of the leading pharmaceutical businesses globally, boasting an A-graded profitability profile. Its stock is up by more than 40% this year, and its momentum is in line with its glowing historical performance. On top of that, it yields a decent 1%, with four consecutive years of dividend growth.



Particularly in the pharmaceutical weight-loss realm, the company made some major strides. The company secured FDA approval for Wegovy, a weight loss drug, ahead of its competition, and despite early production issues, strong demand for Wegovy keeps Novo Nordisk in the spotlight. The company&rsquo;s recent financial results show a remarkable <a href="https://www.novonordisk.com/news-and-media/news-and-ir-materials/news-details.html?id=166333">46% sales increase in North America</a>, with its obesity and weight loss segment growing by a heartening 36%. Furthermore, according to investment bank Goldman Sachs&rsquo; research projects, the anti-obesity drug market could grow to a whopping $100 billion by 2030, positioning Novo Nordisk as a key player in this burgeoning field.



On the date of publication, Muslim Farooque 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>.
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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Video games are a huge growth market. Younger generations have increasingly prioritized games over video and music, with the gaming industry and gaming stocks surpassing revenues from older media forms such as music and movies.



An industry boom, however, leads to intense competition. That has happened in spades in gaming. For example, on Steam, a popular PC gaming distribution platform, annual releases have risen from hundreds or a few thousand in the mid-2010s to more than <a href="https://steamdb.info/stats/releases/">14,000 game releases</a> in 2023.



While gaming is an obvious long-term growth market, it is currently in a dip as record enthusiasm from 2021-2 has reverted toward more normalized levels. Which gaming stocks stand out in the current marketplace? These three are top industry picks.



<h2>Unity (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 (NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/">U</a>) has had a rough couple of years. The graphics engine operator went public amid a great deal of investor enthusiasm.



The firm has roughly 70% market share as the game engine for mobile games. It also plays a significant role in console, PC and VR/AR game engine markets. In the early days of the pandemic, people were bored while stuck at home and sought new entertainment options.



However, the video game industry experienced a sharp downturn in 2023, leading to over <a href="https://www.theverge.com/24009039/video-game-layoffs-2023">9,000 layoffs</a> industrywide&mdash;a figure far from prior years. Additionally, Unity tried to push through a major price increase to developers for licensing its engine but was forced to roll that back.



Not surprisingly, U stock lingers far below its prior highs amid investor apathy. However, things are set to improve. 



The gaming industry will likely pick back up in 2024 after last year&rsquo;s trough. Meanwhile, Unity continues its cost-cutting, and management is laser-focused on improving its profitability. Unity still has a tremendous market position in an industry with long-term secular tailwinds. And Unity&rsquo;s leading position in virtual reality, such as partnering with Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) on its <a href="https://unity.com/polyspatial-visionos-industry">Vision Pro</a>, is another lever for upside going forward.



<h2>CD Projekt (OTGLY)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/video-games-1-300x169.jpg" alt="image of someone playing video games to represent gaming stocks"><div>Source: korobskyph / Shutterstock.com</div></div>


Can a game publisher come back to life after an utterly disastrous game launch? Polish game developer CD Projekt (OTCMKTS:<a href="https://investorplace.com/stock-quotes/otgly-stock-quote/">OTGLY</a>) has answered that question in the affirmative.



The company was a well-respected developer of role-playing games. However, its Cyberpunk 2077 release was one of the most <a href="https://www.nytimes.com/2020/12/19/style/cyberpunk-2077-video-game-disaster.html">catastrophic</a> in industry history. Falling far short of player expectations and releasing with an inordinate number of bugs and performance problems, Cyberpunk 2077 appeared set to become one of the biggest flops ever. Many investors understandably dumped CD Projekt stock and never looked back.



However, CD Projekt deserves a second chance. The company worked tirelessly to <a href="https://www.pcgamer.com/how-cyberpunk-2077-clawed-its-way-back-from-disaster-to-complete-one-of-the-greatest-redemption-arcs-in-gaming-history/">fix the game</a> with many patches and additional content releases. Furthermore, the company just released a widely praised expansion pack for the game Phantom Liberty. Despite Cyberpunk 2077&rsquo;s abysmal product launch, it has turned around entirely and become a popular and respected title. 



CD Projekt&rsquo;s masterful handling of this fraught situation should give investors confidence that the company can navigate the changing gaming market. And players are once again looking forward to whatever games the firm releases in the future.



<h2>Microsoft (MSFT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/msft_atvi_microsoft1600-300x169.png" alt="Microsoft and Activision Blizzard logo on smartphone screen close-up"><div>Source: FellowNeko / Shutterstock.com</div></div>


A major characteristic of the gaming industry is the risk associated with individual developers. Particularly in big-budget triple-A games, it&rsquo;s common for developers to invest hundreds of millions of dollars in a single title. If it works, that&rsquo;s great, but when those flop, it can cause whole studios to shut down.



The best way to counteract that risk is with scale. Increasingly, only the biggest developers can take massive risks given the industry&rsquo;s changing structure.



And there&rsquo;s no bigger player than Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>). The company has a dominant place across the industry, developing games, selling consoles, offering subscription gaming services, etc. Microsoft&rsquo;s unmatched resources give it access to the industry&rsquo;s best talent and all the tools and levers to ensure its games stand out in a crowded marketplace.



That&rsquo;s all been true for a while now. And it became doubly so following the firm&rsquo;s recent <a href="https://www.nytimes.com/2023/10/13/technology/microsoft-activision-blizzard-deal-closes.html">$69 billion</a> acquisition of Activision Blizzard. This gives Microsoft huge multiplayer gaming properties and a highly valuable intellectual property treasure trove. The gaming industry is rapidly changing, but there&rsquo;s no doubt that Microsoft will remain a central player for many years.



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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In a report released on January 28, Nick Dempsey from Barclays maintained a Sell rating on CD Projekt SA (OTGLF – Research Report), with a price ta...