Overlay Shares Small Cap Equity ETF (ARCA: OVS)

Latest News for Overlay Shares Small Cap Equity ETF (ARCA:OVS)

Overlay Shares Small Cap Equity ETF

In the latest development, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has reportedly projected a slower increase in the production and delivery of its 787 widebody jets. This is primarily due to supplier shortages,
What Happened: Scott Stocker, the 787 vice president and general manager, disclosed the situation to employees at the South Carolina facility via a memo on Monday, Reuters reported. Despite the hurdles, Boeing is determined to incrementally increase its rate to cater to the &#8220;strong demand&#8221;.
The memo highlighted, &#8220;We continue to manage through supplier shortages on a few key parts.&#8221; 
It also mentioned that customers have been notified about the anticipated slower increase in production and deliveries.
The Federal Aviation Administration (FAA) is keeping a close watch on Boeing&#8217;s challenges in procuring certain parts and is in constant communication with the company. The agency&#8217;s primary concern is to ensure that only safe and compliant airplanes are dispatched from the factory.
See Also: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a>
Boeing, scheduled to announce earnings on Wednesday, is facing scrutiny over the manufacturing of its 777 and 787 widebody jets. This comes in the wake of allegations by company engineer Sam Salehpour at a U.S. Senate hearing last week, who pointed out inadequate shimming in some areas of the 787 Dreamliner.
Furthermore, the company&#8217;s separate production of its 737 MAX single-aisle jet in Washington state has experienced a significant decline, as U.S. regulators tighten factory inspections and workers slow down the assembly line to complete outstanding work.
A Boeing spokesperson confirmed to <a href="https://pro.benzinga.com">Benzinga</a> about the memo but refrained from divulging further details.
Why It Matters: The latest development comes on the heels of <a href="https://www.benzinga.com/markets/equities/24/04/38330613/boeing-grapples-with-32-whistleblower-complaints-in-3-years-amid-mounting-safety-concerns-report">32 whistleblower complaints</a> against Boeing over the past three years, with allegations of employer retaliation being investigated by the U.S. workplace safety regulator. This has raised significant safety concerns for the company.
Moreover, as Boeing<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38365885/boeing-will-deliver-q1-earnings-while-at-center-of-air-safety-scandal-everybody-wan"> prepares to release its Q1 earnings</a>, investors are keen to see if the company&#8217;s performance can offset the recent scandals that have tarnished its public image.
Price Action: On Monday, the stock closed at 170.48, with a slight increase of 0.22% from the previous close.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38346938/trump-is-a-force-of-nature-reince-priebus-has-raised-70m-for-gop-convention-despite-being-pushed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Trump Is A Force of Nature&#8217;: Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out</a>
Photo via Shutterstock
Editor's note: This story has been updated with a comment from Boeing on the aforementioned memo
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Equities

News

Markets

General

Boeing Foresees Slower 787 Production Ramp-Up Due To Supplier Shortages: Report (UPDATED)

Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has expressed his dissatisfaction with the term GPU while announcing that the company&#8217;s core AI infrastructure is no <a href="https://www.benzinga.com/news/23/08/34128510/elon-musk-affirms-training-compute-will-not-be-a-constraint-for-teslas-full-self-driving-improvement">longer training-constrained</a>.
What Happened: During the <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">first-quarter earnings call</a> on Tuesday, Musk revealed that Tesla has been actively expanding its core AI infrastructure. He stated, &#8220;We are, at this point, no longer training-constrained, and so we&#8217;re making rapid progress.&#8221;
The tech billionaire also disclosed that Tesla has installed and <a href="https://www.benzinga.com/news/24/04/38111017/tesla-ceo-elon-musk-disagrees-with-nvidias-jensen-huang-that-anyone-can-make-their-own-neural-networ">commissioned 35,000 H100</a> computers or GPUs and Tesla anticipates this number to potentially reach around 85,000 by the end of the year, primarily <a href="https://www.benzinga.com/markets/equities/24/01/36707594/not-clear-quips-elon-musk-as-tesla-enthusiast-questions-metas-plan-to-buy-nvidias-ai-chips-equiv">for training purposes</a>. 
See Also: <a href="https://www.benzinga.com/news/24/04/38395385/elon-musk-says-tesla-optimus-humanoid-robot-might-be-available-externally-by-the-end-of-next-year-he">Elon Musk Says Tesla Optimus Humanoid Robot Might Be Available Externally By The End Of Next Year: Here&#8217;s The Progress Report</a>
&#8220;We are making sure that we&#8217;re being as efficient as possible in our training,&#8221; Musk said, adding that it is not just about the number of H100s but &#8220;how efficiently they&#8217;re used.&#8221; 
During the conversation, Musk also expressed his discomfort with the term GPU. &#8220;I always feel like a wince when I say GPU because it&#8217;s not. GPU stand — G stands for graphics, and it doesn&#8217;t do graphics,&#8221; the tech mogul stated. 
&#8220;GPU is [the] wrong word,&#8221; he said, adding, &#8220;They need a new word.&#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.
Why It Matters: Musk&#8217;s statement came after Tesla reported its first-quarter financial revenue of $21.0 billion, which showed a 9% year-over-year decrease, missing the Street consensus estimate of $22.15 billion. The company stated that its revenue was affected by reduced average selling prices and decreased vehicle deliveries during the quarter.
On the other hand, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) last year made a significant impact on the AI and computing sectors by introducing its H100 data center chip, which added more than $1 trillion to the company&#8217;s overall value. 
In February, earlier this year, it was reported that the demand for the H100 chip, which is four times faster than its predecessor, the A100, in training large language models or LLMs and 30 times faster in responding to user prompts, has been so substantial that customers are <a href="https://www.benzinga.com/government/24/02/37283133/nvidias-h100-chip-sparks-ai-revolution-boosting-value-by-1t-as-it-unveils-new-chips-for-china">encountering wait times of up to six months</a>.
Meanwhile, earlier this month, Piper Sandler&nbsp;analyst <a href="https://www.benzinga.com/news/24/04/38257652/nvidias-hopper-demand-and-blackwell-launch-position-makes-it-a-top-large-cap-pick-analysts">Harsh V. Kumar</a> engaged directly with Nvidia's management team and reported that despite Nvidia&#8217;s Hopper GPU being on the market for almost two years, demand remains strong, outstripping supply. <a href="https://www.benzinga.com/news/24/04/38257652/nvidias-hopper-demand-and-blackwell-launch-position-makes-it-a-top-large-cap-pick-analysts">Customers are hesitant to shift their orders</a> from the Hopper to the Blackwell, fearing extended wait times due to anticipated supply limitations.
Check out more of Benzinga&#8217;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/general/gaming/24/04/38395097/elon-musk-likes-games-originating-from-this-country-because-because-they-havet-been-corrupted-by-w">Elon Musk Likes Games Originating From This Country Because They Haven&#8217;t Been Corrupted By &#8216;Woke DEI Lies&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Tech

NVDA

TSLA

Tesla CEO Elon Musk Says He Feels 'Like A Wince' When Saying 'GPU' As He Boasts Rapid Progress With AI Compute: 'Need A New Word'

Calliditas Therapeutics AB&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALT#NASDAQ">CALT</a>), (NASDAQ&nbsp;STOCKHOLM: CALTX)&nbsp;(&quot;Calliditas&quot;) today announced that the global open-label extension (OLE) study to the Phase 3 NefIgArd study showed a treatment response consistent with the NefIgArd study across endpoints of urine protein to creatinine ration (UPCR) and estimated glomerular filtration rate (eGFR) at 9 months across all IgAN patients, including those who had previously received Nefecon in the NefIgArd study.

CALT

Calliditas Announces NefIgArd Open Label Extension Results

Earnings

Evotec Fiscal 2023 Revenue $848.644M Up From $816.11M YoY, Adjusted EBITDA $$.06M

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=2946051148&amp;u=https%3A%2F%2Fclarivate.com%2F&amp;a=Clarivate+Plc" target="_blank">Clarivate Plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>), a leading global provider of transformative intelligence, today announces it has signed the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=1345612360&amp;u=https%3A%2F%2Fwww.un.org%2Fsustainabledevelopment%2Fsdg-publishers-compact%2F&amp;a=United+Nations+Sustainable+Development+Goals+(UN+SDGs)+Publishers+Compact." target="_blank">United Nations Sustainable Development Goals (UN SDGs) Publishers Compact.</a>&nbsp;Signatories of the compact pledge to develop sustainable practices and act as champions of the SDGs during the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=3871956681&amp;u=https%3A%2F%2Fwww.un.org%2Fsustainabledevelopment%2Fdecade-of-action%2F&amp;a=Decade+of+Action" target="_blank">Decade of Action</a>&nbsp;(2020-2030).

Government

Regulations

CLVT

Clarivate joins United Nations Sustainable Development Goals (UN SDGs) Publishers Compact

Suzano Ventures, the corporate venture capital arm of Suzano, the world&#39;s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company&#39;s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can be manufactured through modified industrial processes already used in the pulp and paper sector.
Bioform&#39;s proprietary technology rapidly produces wood pulp-reinforced hydrogels to create high-performance plastic alternatives, which can be made using Suzano&#39;s wood pulp fibre as a key input. Bioform&#39;s materials have the potential to be home compostable or recycled through existing paper recycling processes and do not require fossil-based inputs. The technology is highly versatile and has a number of applications where it could replace conventional single-use plastics, including paper recyclable thermoformable films for packaging applications and compostable heat-sealable films for pouches, agriculture, and garbage bags.
With the potential to offer an&nbsp;80 percent&nbsp;lower carbon footprint than conventional single-use plastics, Bioform&#39;s technology has similar or enhanced product performance to conventional plastics in areas such as tensile strength and permeability for oxygen or water vapor.

Suzano Ventures Invests Up To $5M Into Bioform Technologies To Further Develop Bio-based Plastic Alternatives

First&nbsp;non-immunosuppressive therapy for the treatment of IgA Nephropathy (IgAN) approved in&nbsp;Europe
Conditional marketing authorization is based on statistically significant and clinically meaningful results from the phase-III PROTECT trial

TVTX

CSL Vifor And Travere Therapeutics Granted European Commission Conditional Marketing Authorization For FILSPARI (Sparsentan) For The Treatment Of IgA Nephropathy

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

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

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

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>

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.
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&#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.
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JBLU

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