Pricesmart (NASDAQ:PSMT) Stock, Quote.Headers.trade-ideas

Pricesmart

Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.

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PriceSmart reported 12.1% revenue growth in Q3, beating expectations. Net sales grew by 11.6% and operating income rose. Adjusted EPS exceeded consensus. Company has 54 warehouse clubs..

PriceSmart Packs A Punch: Q3 Earnings Soar Past Estimates with Solid Sales Growth

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The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.

Wall Street Jittery Ahead Of Key Inflation Data After Delta Air Lines, Pepsi Disappoint: Strategist Recommends Sector Picks Amid Evolving Election Dynamics

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Why WD-40 Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

Pricesmart Inc

Michael McCleary, EVP &amp; CFO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), disclosed an insider sell on July 24, according to a recent SEC filing.
What Happened: McCleary's decision to sell 4,000 shares of Pricesmart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000179671424000002//Archives/edgar/data/1041803/000179671424000002/0001796714-24-000002-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $350,044.
Monitoring the market, Pricesmart's shares down by 0.0% at $86.18 during Thursday's morning.
<h3>About Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Unraveling the Financial Story of Pricesmart</h3>
Revenue Growth: Pricesmart displayed positive results in 3 months. As of 31 May, 2024, the company achieved a solid revenue growth rate of approximately 12.11%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.06%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 20.96 is lower than the industry average, implying a discounted valuation for Pricesmart's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.54 is lower than the industry average, implying a discounted valuation for Pricesmart's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 9.43, Pricesmart presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Pricesmart EVP & CFO Sold $350K In Company Stock

Revealing a significant insider sell on July 18, Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032143//Archives/edgar/data/1041803/000162828024032143/0001628280-24-032143-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Bahrambeygui sold 23,141 shares of Pricesmart. The total transaction value is $2,000,909.
Pricesmart shares are trading down 0.71% at $89.93 at the time of this writing on Thursday morning.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: Delving into Financials</h3>
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 31 May, 2024, the company achieved a revenue growth rate of approximately 12.11%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.08, Pricesmart showcases strong earnings per share.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.57, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 9.91, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pricesmart Director Trades $2.00M In Company Stock

Francisco Velasco, EVP at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell on July 18, according to an SEC filing.
What Happened: Velasco's recent move involves selling 1,298 shares of Pricesmart. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032145//Archives/edgar/data/1041803/000162828024032145/0001628280-24-032145-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $112,926.
The latest market snapshot at Thursday morning reveals Pricesmart shares down by 0.71%, trading at $89.93.
<h3>Unveiling the Story Behind Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Understanding the Numbers: Pricesmart's Finances</h3>
Revenue Growth: Over the 3 months period, Pricesmart showcased positive performance, achieving a revenue growth rate of 12.11% as of 31 May, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.57, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 9.91, Pricesmart presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Francisco Velasco Cashes Out $112K In Pricesmart Stock

PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) shares are trading higher after the company reported third-quarter FY24 revenue growth of&nbsp;12.1% Y/Y to&nbsp;$1.23&nbsp;billion, beating<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39717674/pricesmart-announces-fiscal-2024-third-quarter-operating-results" rel="noreferrer noopener"> the consensus of $1.21 billion</a>.
Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y.
Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased&nbsp;7.8%&nbsp;for the 13 weeks ended June&nbsp;2, 2024.
Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year.
Adjusted&nbsp;EPS of $1.08, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">exceeding the consensus of $1.01</a>.
As of May-end, the company had 54 warehouse clubs in operation vs 51 the prior year. The company held cash and equivalents of $231 million.
Investors can gain exposure to the stock via Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>).
<h2 class="wp-block-heading">PSMT Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Pricesmart&#8217;s revenue has grown at an average rate of 9.71% annually over the past 5 years. The average 1-year price target from analysts is $90.0, representing an expected 14.37% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Pricesmart have seen an annualized return of -3.19%, underperforming the S&amp;P500 index by 11.91%. This compares to 6.17% growth in the overall Consumer Staples sector. Pricesmart has a beta of 1.04.
Price Action: PSMT shares are up 1.25% at $79.28 at the last check Thursday.

The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&amp;P 500 Index by as much as 1.75%, according to JPMorgan&#8217;s trading desk. A miss could send the index tumbling by as much as 2.50%, traders at the firm said.
The first few key earnings reports that dropped in disappointed, likely setting off worries concerning the reporting season. Traders may also keep a close eye on a couple of speeches by Federal Reserve officials and the Treasury auctions scheduled for the day.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.08%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.10%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.07%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.08% to $560.88 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.04% to $502.75, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks advanced strongly on Wednesday due to the support lent by Fed Chair Jerome Powell&#8217;s dovish comments that further accelerated the tech rally. The major indices gap-opened higher and moved roughly sideways in the first hour of trading. As traders digested Powell&#8217;s comments, they launched into a steady rally until the final hour of trading and the slope of the rally steepened thereafter, lifting the averages to a strong close.
The S&amp;P 500 Index and the tech-heavy Nasdaq Composite continued their record-breaking streak, both on an intraday and closing basis, with the former setting its sixth straight record close and the latter the seventh. The Dow Jones Industrials Average, which has lagged its other two illustrious counterparts, had the best session since May 31, with all but two index components closing in the green.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.18%</td>
<td>18,647.45</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.02%</td>
<td>5,633.91</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.09%</td>
<td>39,721.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.10%</td>
<td>2,051.75</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
Lisa Shalett, Chief Investment Officer at Morgan Stanley, in a recent podcast, offered her take on the implications of the Nov. 5 election for investors now that it appears that the presumptive Republican candidate Donald Trump appeared to be pulling away with an appreciable lead.
She sees a potential extension of the 2017 tax cuts in the eventuality of a GOP victory to contribute to higher interest rates, which in turn may weigh on corporate profits and stock valuations. Higher tariffs could reignite inflationary pressure, potentially exacerbating consumer pain from high prices, she said. The strategist also sees immigration curbs to slow U.S. population gains that have supported economic growth and disinflation. 
&#8220;Investors should consider adding portfolio exposure to business sectors such as energy, telecommunications and utilities, while focusing on investments that offer growth at a reasonable price,&#8221; she said.
Lumida Wealth&#8217;s Ram Ahluwalia suggested that Wednesday&#8217;s stock market rally is a foretaste of things to come when the Fed cuts rate. &#8220;What you saw yesterday, and on last month's CPI print, is a preview of what will happen when the Fed cuts Small caps especially will ramp, and we can see it happening now,&#8221; he said.
Upcoming Economic Data:
The Bureau of Labor Statistics is due to release its consumer price inflation report for June at 8:30 a.m. EDT. The consensus estimates are as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Consensus</td>
<td>April Readings</td>
</tr>
<tr>
<td>CPI (m-o-m)</td>
<td>0.1%</td>
<td>0%</td>
</tr>
<tr>
<td>CPI (y-o-y)</td>
<td>3.1%</td>
<td>3.3%</td>
</tr>
<tr>
<td>Core CPI (m-o-m)</td>
<td>0.2%</td>
<td>0.2%</td>
</tr>
<tr>
<td>Core CPI (y-o-y)</td>
<td>3.4%</td>
<td>3.4%</td>
</tr>
</tbody>
</table>
</figure>
Among the other Main Street events are:
<ul>
<li>The Labor Department&#8217;s weekly jobless claims report, due at 8:30 a.m. EDT, is expected to show that the number of individuals claiming unemployment benefits may have edged down to 236,000 in the week ended July 6 versus 238,000 in the previous reporting week.</li>
<li>Atlanta Fed President Raphael Bostic&nbsp;is scheduled to speak at 11:15 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem&nbsp;will make a public appearance at 1 p.m. EDT.</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year notes at 1 p.m. EDT.</li>
<li>The Treasury will release the monthly federal budget for June at 2 p.m. EDT. Economists, on average, expect the deficit to shrink from $228 billion to $33 billion.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose nearly 6% <a href="https://benzinga.grsm.io/register174">in premarket trading </a>in reaction to its quarterly results, while WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) climbed nearly 12.50%.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) reported q<a href="https://www.benzinga.com/calendars/earnings">uarterly results ahead of the market open</a>, with the former falling over 6% after an earnings miss and weak third-quarter forecast, while the latter fell over 1.50% as second-quarter sales came in just shy of estimates of some analysts.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 0.61% following its 11-session winning streak, while its mega-cap peer Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to grind higher.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures climbed for a second straight session and traded around the $82.50-a-barrel level and gold futures also traded in the green as they approached the $2,400 mark.
The 10-year Treasury note yield, which edged down on Wednesday, was modestly lower at 4.273%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down but has climbed past the $58K level after settling Wednesday&#8217;s session at around $57.7K.
Among equity markets, Asia followed Wall Street&#8217;s lead and closed notably higher, with the Hong Kong and Chinese markets recording standout gains. Japan&#8217;s Nikkei 224 average ended at a record high. Some positive regional data also added to the buoyancy. The Indian market bucked the trend and settled marginally lower.
In Europe, stocks started on a firm note after German inflation data came in line with expectations and the U.K. GDP rose strongly in the second quarter.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708345/around-19m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying">Around $19M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying</a></li>
</ul>
Stocks Photo by Phongphan on Shutterstock

Shares of WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its <a href="https://www.benzinga.com/news/earnings/24/07/39718439/wd-40-stock-climbs-on-better-than-expected-q3-results-the-details">third quarter on Wednesday</a>.
Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
WD-40 shares jumped 12.5% to $247.20 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares rose 47.7% to $2.32 in pre-market trading after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) gained 45.1% to $2.38 in pre-market trading after surging over 12% on Wednesday.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) shares rose 28% to $2.15 in pre-market trading after declining around 5% on Wednesday.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares climbed 26.8% to $0.8478 in pre-market trading. Kazia Therapeutics shares jumped 248% on Wednesday after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) rose 15.8% to $0.2316 in pre-market trading. On Wednesday, Castellum said it retired its term loan with Live Oak Banking Company ahead of schedule.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) gained 14.9% to $0.5885 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.3% to $5.35 in pre-market trading after surging 44% on Wednesday.</li>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose 5.1% to $82.32 in pre-market trading as the company reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares fell 22.6% to $5.73 in pre-market trading after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 14.7% to $1.45 in pre-market trading. Virpax Pharmaceuticals shares jumped over 46% on Wednesday after the company announced results for a Swine Model pilot study for Probudur.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares fell 14.3% to $3.90 in pre-market trading. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer&#8217;s Disease.</li>
<li>Cingulate Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>) shares fell 14.1% to $0.5571 in pre-market trading after gaining 74% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) fell 13.8% to $8.06 in pre-market trading after dipping around 48% on Wednesday.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) fell 11.4% to $0.4066 in pre-market trading after gaining over 20% on Wednesday.</li>
<li>Scisparc Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) shares fell 10.7% to $0.60 in pre-market trading. SciSparc recently signed a non-binding letter of intent to spin off its clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals.</li>
<li>SAI.TECH Global Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares dipped 7% to $1.07 in pre-market trading after jumping more than 28% on Wednesday.</li>
<li>Newegg Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares fell 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) shares declined 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39722606/s-p-500-settles-above-5-600-for-first-time-ahead-of-inflation-data-fear-index-moves-to-greed-zone">S&amp;P 500 Settles Above 5,600 For First Time Ahead Of Inflation Data, Fear Index Moves To &#8216;Greed&#8217; Zone</a></li>
</ul>

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $2.16 per share on revenue of $22.60 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares gained 0.2% to $163.99 in the after-hours trading session.</li>
<li>WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) posted stronger-than-expected results for its third quarter on Wednesday. WD-40 shares surged 12.3% to $246.69 in the after-hours trading session.</li>
<li>Analysts are expecting Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to post quarterly earnings at $2.37 per share on revenue of $15.45 billion. The company will release earnings before the markets open. Delta Air shares gained 0.3% to $47.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share. PriceSmart shares climbed 5.9% to $82.90 in the after-hours trading session.</li>
<li>Analysts expect Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to post quarterly earnings at 57 cents per share on revenue of $2.93 billion. Conagra shares fell 1% to $28.53 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708384/top-3-tech-stocks-that-could-blast-off-in-july">Top 3 Tech Stocks That Could Blast Off In July</a></li>
</ul>
Photo courtesy: Shutterstock

PepsiCo, Delta Air Lines And 3 Stocks To Watch Heading Into Thursday

WIIM

PriceSmart shares are trading higher following better-than-expected Q3 financial results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 by 6.93 percent. The company reported quarterly sales of $1.230 billion which beat the analyst consensus estimate of $1.207 billion by 1.92 percent. This is a 12.12 percent increase over sales of $1.097 billion the same period last year.

Earnings Beats

Pricesmart Q3 2024 Adj EPS $1.08 Beats $1.01 Estimate, Sales $1.230B Beat $1.207B Estimate

The market&#8217;s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be<a href="https://www.benzinga.com/markets/equities/24/07/39692638/powell-says-labor-market-strong-not-overheated-fed-chair-awaits-right-moment-to-cut-interest-rat"> in line with his comments from Tuesday.</a> Traders may also bide time as the second-quarter earnings season kicks off with the big banks this week.
Early indications suggest tech stocks could extend their strength, potentially propping up the market that has been on an extended run. The results of the 10-year note auction could also impact sentiment. Some profit-taking cannot be ruled out ahead of Thursday&#8217;s consumer price inflation report.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.29%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.16%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.33%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.17% to $556.76 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.29% to $499.23, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks closed Tuesday&#8217;s session on a mixed note as traders took stock of Powell&#8217;s rhetoric about inflation. Mega-cap stocks Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) came to the market&#8217;s rescue helping to overcome the fatigue that set in following the market&#8217;s record run. Some defensive sectors such as healthcare, real estate and utility stocks gained ground, and financial stocks rose solidly.
After a positive open, the Nasdaq Composite and the S&amp;P 500 indices stayed mostly higher, although closing sharply off their early highs. Yet, these two averages set new intraday and closing records during the session. The underperformance of the Dow Jones Industrial Average continued as it languished in negative terrain but for some mid-session strength. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.14%</td>
<td>18,429.29</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.07%</td>
<td>5,576.98</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.13%</td>
<td>39,291.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.45%</td>
<td>2,029.47</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
The stock market could face difficulty sustaining the upward momentum seen in the first half of the year, said LPL Financial analysts in the firm&#8217;s mid-year outlook. The first-half outperformance, the firm said, is driven by anticipation of looser Fed policy and robust corporate earnings growth. &#8220;However, elevated valuations and potential volatility, especially with the upcoming U.S. presidential election, suggest a more cautious approach moving forward.&#8221; 
Mark Newton, Global Head of Technical Strategy at Fundstrat, said the financial sector is worth keeping an eye on as it has been coming back to life. The strategist said the divergence between the large-cap tech and broader market and the economic weakness has been used as an excuse to bet on a market correction and/or underperformance. &#8220;There&#8217;s no saying that Tech HAS to peak out while others still languish,&#8221; he added.
&#8220;There&#8217;s obviously that &#8220;other&#8221; scenario, where the broader market comes back to life as rates fall.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many remain perplexed at the degree of divergence between Large-cap Tech and broader market along with Economic weakness on the fringes &amp; have used that as an excuse to bet on a market correction and/or underperformance. There&#39;s no saying that Tech HAS to peak out while others… <a href="https://t.co/3Ef5JvgMgO">pic.twitter.com/3Ef5JvgMgO</a>
&mdash; Mark Newton CMT (@MarkNewtonCMT) <a href="https://twitter.com/MarkNewtonCMT/status/1810719186139910180?ref_src=twsrc%5Etfw">July 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Upcoming Economic Data:</figcaption></figure>
<ul>
<li>The Commerce Department is due to release its wholesale inventories report for May at 10 a.m. EDT. Economists, on average, expect a 0.6% month-over-month increase in wholesale inventories, faster than the 0.1% increase in April.</li>
<li>Powell will begin testifying before the House Financial Committee at 10 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury is set to auction 10-year notes at 1 p.m. EDT.</li>
<li>Chicago Fed President Austan Goolsbee and Fed Governor Michelle Bowman are scheduled to speak at a Fed event on childcare&nbsp;at 2:30 p.m. EDT.</li>
<li>Fed Governor Lisa Cook&nbsp;will make a public appearance at 7:30 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) climbed 2.40% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the foundry, which supplies chips to the likes of Nvidia, reported solid June quarter revenue.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed over 3% on optimism over its robotaxi service.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) retreated over 1% amid a negative analyst action.</li>
<li>10x Genomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) plunged over 15% on an analyst downgrade.</li>
<li>Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) is <a href="https://www.benzinga.com/calendars/earnings">scheduled to release its earnings report</a> ahead of the market open, while PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) are due after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are little changed with a negative bias after they declined for three straight sessions. While gold futures were rising for a second straight session. The benchmark 10-year Treasury note yield fell 2.7 points to 4.27%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied more than 2% to above the $58.6K level.
The Asian market closed Wednesday&#8217;s session on a mixed note, with weaker Chinese consumer price inflation data weighing down on the Chinese and Hong Kong markets. The Japanese market, on the other hand, advanced and the Taiwanese market received support from a tech rally.
European stocks are recovering from the weakness seen in the<a href="https://www.benzinga.com/general/politics/24/07/39654867/who-is-the-uks-new-prime-minister-keir-starmer-and-what-does-he-stand-for"> aftermath of the regional election results.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39703500/june-cpi-report-on-traders-radar-analysts-predict-s-p-500-move-for-wednesday-under-different-inflati">June CPI Report On Traders&#8217; Radar: Analysts Predict S&amp;P 500 Move For Thursday Under Different Inflation Scenarios</a></li>
</ul>
Photo via Shutterstock

Economics

BIDU

MANU

SMCI

Nasdaq, S&P 500 Futures Rise Amid Tech Buoyancy, Bitcoin Gains 2%: Analyst Warns Of Elevated Valuations And Potential Election Volatility

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell issued positive comments on the economy and the job market during his semiannual testimony before the Senate Banking Committee.
Data on consumer price index for June will be released on Thursday, while producer price index data will be released on Friday.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained 2.5% on Tuesday as Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $130 to $180.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, health care and utilities stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 53 points to 39,291.97 on Tuesday. The S&amp;P 500 rose 0.07% at 5,576.98, while the Nasdaq Composite climbed 0.14% at 18,429.29 during Tuesday's session.
Investors are awaiting earnings results from Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>), PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
Big banks, including, Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) are scheduled to report second-quarter earnings on Friday.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.3, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 52.3.
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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<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Stocks Photo by Jirapong Manustrong on Shutterstock

S&P 500 Clinches Yet Another Record Close After Jerome Powell's Testimony, Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Key Data

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Manchester United Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) to report a quarterly loss at 27 cents per share on revenue of $162.92 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Manchester United shares gained 1.6% to $16.19 in the after-hours trading session.</li>
<li>Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) posted downbeat results for its third quarter on Tuesday. Kura Sushi shares fell 4.2% to $56.00 in the after-hours trading session.</li>
<li>Analysts are expecting PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) to post quarterly earnings at $1.01 per share on revenue of $1.21 billion. The company will release earnings after the markets close. PriceSmart shares gained 1% to $79.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>ImmuCell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCC#NASDAQ">ICCC</a>) reported preliminary sales results for the second quarter. The company said it sees preliminary sales of $5.47 million up from $3.53 million in the year-ago period. ImmuCell shares climbed 8.9% to $4.67 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.30 per share on revenue of $402.05 million. AZZ shares gained 2.7% to $77.00 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Photo courtesy: PriceSmart

ICCC

KRUS

PriceSmart, Kura Sushi And 3 Stocks To Watch Heading Into Wednesday

A substantial insider sell was reported on May 16, by Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), based on the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024023673//Archives/edgar/data/1041803/000162828024023673/0001628280-24-023673-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Bahrambeygui sold 11,022 shares of Pricesmart. The total transaction amounted to $947,776. 
As of Thursday morning, Pricesmart shares are down by 0.0%, currently priced at $86.06.
<h3>Delving into Pricesmart's Background</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: A Financial Overview</h3>
Revenue Growth: Pricesmart's remarkable performance in 3 months is evident. As of 29 February, 2024, the company achieved an impressive revenue growth rate of 13.11%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 17.11%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.24, Pricesmart adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 21.68, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.56, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 9.63, Pricesmart presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pricesmart Director Sold $947K In Company Stock

Disclosed on May 15, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: HILDEBRANDT's decision to sell 2,220 shares of Pricesmart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024023362//Archives/edgar/data/1041803/000162828024023362/0001628280-24-023362-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $186,716.
The latest market snapshot at Wednesday morning reveals Pricesmart shares up by 0.41%, trading at $86.37.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Financial Insights: Pricesmart</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 17.11%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 21.67, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.56 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 9.62, Pricesmart's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Massive Insider Trade At Pricesmart

The Nasdaq 100 closed higher by around 0.2% on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
Mattel
<ul>
<li>The Trade: Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) EVP &amp; Chief Supply Chain Offr Zanatta Roberto Jacobo Isaias <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 21,655 shares</a> at an average price of $18.83. The insider received around $407,829 from selling those shares.</li>
<li>What's Happening: On April 23, Mattel reported better-than-expected first-quarter adjusted EPS results.</li>
<li>What Mattel Does: Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Delta Air Lines</h3>
<ul>
<li>The Trade: Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) EVP &amp; Chief People Officer Joanne D Smith <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,846 shares</a> at an average price of $52.30. The insider received around $253,422 from selling those shares.</li>
<li>What's Happening: On April 10, Delta Air Lines reported better-than-expected first-quarter earnings.</li>
<li>What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world&#8217;s largest airlines, with a network of over 300 destinations in more than 50 countries.</li>
</ul>
<h3 class="wp-block-heading">PriceSmart</h3>
<ul>
<li>The Trade: PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) Director Sherry S. Bahrambeygui <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $85.29. The insider received around $852,868 from selling those shares.</li>
<li>What's Happening: On April 9, PriceSmart reported better-than-expected seconc-quarter results and announced a one-time special dividend of $1 per share.</li>
<li>What PriceSmart Does: Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices.</li>
</ul>
<h3 class="wp-block-heading">Levi Strauss</h3>
<ul>
<li>The Trade: Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) EVP &amp; Chief Fin. &amp; Growth Ofc. Harmit J Singh <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 629,000 shares</a> at an average price of $22.10. The insider received around $13.9 million from selling those shares.</li>
<li>What's Happening: On April 11, Levi Strauss &amp; Co. named Gianluca Flore as Chief Commercial Officer.</li>
<li>What Levi Strauss Does: Levi Strauss &amp; Co is involved in designing, marketing, and selling products that include jeans, casual and dresses pants, tops, shorts, skirts, jackets, footwear, and related accessories directly or through third parties and licensees for men, women, and children under Levi&#8217;s, Dockers, Signature by Levi Strauss &amp; Co. and Denizen brands.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38753455/enbridge-funko-and-3-stocks-to-watch-heading-into-friday">Enbridge, Funko And 3 Stocks To Watch Heading Into Friday</a>

Short Ideas

LEVI

PriceSmart, Levi Strauss And 2 Other Stocks Insiders Are Selling

Disclosed on May 2, Sherry Bahrambeygui, Board Member at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Bahrambeygui's recent move involves selling 1,569 shares of Pricesmart. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024020095//Archives/edgar/data/1041803/000162828024020095/0001628280-24-020095-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $130,270.
In the Friday's morning session, Pricesmart's shares are currently trading at $82.02, experiencing a down of 0.0%.
<h3>Discovering Pricesmart: A Closer Look</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart's Economic Impact: An Analysis</h3>
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 13.11%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 17.11%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Pricesmart exhibits below-average bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Pricesmart's P/E ratio of 20.67 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.54, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Pricesmart's EV/EBITDA ratio at 9.18 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Sherry Bahrambeygui Unloads $130K Of Pricesmart Stock

Revealing a significant insider sell on May 1, Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: Bahrambeygui opted to sell 5,201 shares of Pricesmart, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024019444//Archives/edgar/data/1041803/000162828024019444/0001628280-24-019444-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $430,778.
Monitoring the market, Pricesmart's shares up by 0.96% at $81.36 during Wednesday's morning.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Understanding the Numbers: Pricesmart's Finances</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 17.11%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Pricesmart exhibits below-average bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.24.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 20.3 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.53, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Pricesmart's EV/EBITDA ratio at 9.01 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>A Deep Dive into Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Sherry Bahrambeygui Unloads $430K Of Pricesmart Stock

Revealing a significant insider sell on May 1, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024019446//Archives/edgar/data/1041803/000162828024019446/0001628280-24-019446-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that HILDEBRANDT sold 6,000 shares of Pricesmart. The total transaction amounted to $491,520. 
As of Wednesday morning, Pricesmart shares are up by 0.96%, currently priced at $81.36.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: A Financial Overview</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.11%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.31.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 20.3 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.53 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 9.01, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President and COO Of Pricesmart Sold $491K In Stock

The Nasdaq 100 closed higher by 0.4% on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Walmart</h3>
<ul>
<li>The Trade: Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) President and CEO C Douglas McMillon <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 29,124 shares</a> at an average price of $60.03. The insider received around $1.75 million from selling those shares.</li>
<li>What's Happening: On April 16, Evercore ISI Group analyst Greg Melich maintained Walmart with an Outperform and lowered the price target from $67 to $66.</li>
<li>What Walmart Does: Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">IMAX</h3>
<ul>
<li>The Trade: IMAX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) CTO and EVP Calamera Pablo <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,130 shares</a> at an average price of $17.05. The insider received around $104,528 from selling those shares.</li>
<li>What's Happening: On April 25, Imax reported quarterly earnings of 15 cents per share which beat the analyst consensus estimate of 10 cents.</li>
<li>What IMAX Does: Imax Corp is a premier global technology platform for entertainment and events</li>
</ul>
<h3 class="wp-block-heading">PriceSmart</h3>
<ul>
<li>The Trade: PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) Director Sherry S. Bahrambeygui <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $80.52. The insider received around $120,780 from selling those shares.</li>
<li>What's Happening: On April 9, PriceSmart reported better-than-expected second-quarter results and announced a one-time special dividend of $1 per share.</li>
<li>What PriceSmart Does: Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices.</li>
</ul>
<h3 class="wp-block-heading">Raymond James Financial</h3>
<ul>
<li>The Trade: Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) President &amp; CEO RJBank Steven M Raney <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,174 shares</a> at an average price of $121.01. The insider received around $505,107 from selling those shares.</li>
<li>What's Happening: On April 24, Raymond James Financial reported mixed second-quarter financial results.</li>
<li>What Raymond James Financial Does: Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38510122/coca-cola-amazon-and-3-stocks-to-watch-heading-into-tuesday">Coca-Cola, Amazon And 3 Stocks To Watch Heading Into Tuesday</a>

IMAX

Walmart, PriceSmart And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed lower by around 300 points on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>PriceSmart </h3>
<ul>
<li>The Trade: PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) Director Edgar Zurcher <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,075 shares </a> at an average price of $79.08. The insider received around $85,006 from selling those shares.</li>
<li>What&rsquo;s Happening: On April 9, PriceSmart reported better-than-expected second-quarter results and announced a one-time special dividend of $1 per share.</li>
<li>What PriceSmart Does: Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>EverQuote</h3>
<ul>
<li>The Trade: EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) 10% owner David B Blundin <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,100 shares </a> at an average price of $20.00. The insider received around $42,000 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 26, EverQuote reported better-than-expected fourth-quarter financial results and issued strong guidance.</li>
<li>What EverQuote Does: EverQuote Inc is engaged in the business activity of offering an online marketplace for insurance shopping. The online marketplace offers consumers to find relevant insurance quotes based on car insurance, home insurance, and life insurance.</li>
</ul>
<h3>Alphabet </h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) Director John L Hennessy <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 800 shares </a> at an average price of $159.56. The insider received around $127,648 from selling those shares.</li>
<li>What&rsquo;s Happening: Alphabet&rsquo;s Google has committed $1 billion to enhance digital connectivity between the U.S. and Japan by introducing two new subsea cables, Proa and Taihei.</li>
<li>What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet&#39;s revenue, of which more than 85% is from online ads.</li>
</ul>
<h3>Toll Brothers </h3>
<ul>
<li>The Trade: Toll Brothers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) Director Stephen F. East <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,500 shares </a> at an average price of $119.32. The insider received around $178,980 from selling those shares.</li>
<li>What&rsquo;s Happening: Toll Brothers, last week, announced the opening of Forestville Village Community in Knightdale, North Carolina.</li>
<li>What Toll Brothers Does: Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38263260/bank-of-america-morgan-stanley-and-3-stocks-to-watch-heading-into-tuesday"> Bank of America, Morgan Stanley And 3 Stocks To Watch Heading Into Tuesday </a>

EVER

GOOG

GOOGL

Alphabet, Toll Brothers And 2 Other Stocks Insiders Are Selling

PriceSmart Non-GAAP EPS of $1.08 misses by $0.04, revenue of $1.19B misses by $20M

PriceSmart rallies after topping revenue and profit expectations

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pricesmart (NASDAQ:<a href="https://investorplace.com/stock-quotes/psmt-stock-quote/">PSMT</a>) just reported results for the third quarter of 2024.<ul><li>Pricesmart reported earnings per share of $1.08. This was above the analyst estimate for EPS of $1.01.</li><li>The company reported revenue of $1.23 billion.</li><li>This was 1.57% better than the analyst estimate for revenue of $1.21 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/07/psmt-stock-earnings-pricesmart-for-q3-of-2024/">PSMT Stock Earnings: Pricesmart Beats EPS, Beats Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PSMT Stock Earnings: Pricesmart Beats EPS, Beats Revenue for Q3 2024

Biggest stock movers today: COST, AA, and more

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on ASKUL (ASKLF – Research Report) and Pricesmart (PSMT – Resear...

Analysts' Opinions Are Mixed on These Consumer Goods Stocks: ASKUL (OtherASKLF) and Pricesmart (PSMT)

Biggest stock movers today: DAL, COST, AA, and more

PriceSmart, Inc. (PSMT) Q3 2024 Earnings Call Transcript

Costco Wholesale (COST) recently reported solid June sales results and announced plans for an annual membership fee hike for the first time in seven years. Given its essential products, robust financial health, and sustained momentum, can Costco be considered a defensive buy? Read more… With a $373.69 billion market cap, Costco Wholesale Corporation (<a href="https://stocknews.com/stock/COST/">COST</a>) is a leading membership-based warehouse club that offers a wide range of essential goods, including groceries and several household items. During economic downturns, consumers may shift their purchasing behavior toward discount retailers, making Costco's business model inherently defensive.
The retailer currently operates 882 warehouses, including 609 in the U.S. and Puerto Rico, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea, 15 in Australia, and more. Also, Costco operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.
COST has consistently shown solid revenue growth and attractive profit margins. For the retail month that ended July 7, 2024, the company's <a href="https://investor.costco.com/news/news-details/2024/Costco-Wholesale-Corporation-Reports-June-Sales-Results-and-Announces-Quarterly-Cash-Dividend-and-Plans-for-Membership-Fee-Increase/default.aspx">net sales were $24.48 billion</a>, up 7.4% year-over-year. Moreover, e-commerce demand remains a significant driver for Costco, with comparable sales up 18.4% for the period.
Costco recently announced an increase in annual membership fees for the first time in seven years. The company said its annual membership fees, effective September 1, 2024, will rise by $5 to $65 for U.S. and Canada Gold Star (individual), Business, and Business add-on members.
In addition, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130, and the maximum annual 2% Reward associated with the Executive Membership will rise from $1,000 to $1,250. After Costco announced an increase in membership fees, several analysts raised their price targets for the stock, expecting it could result in higher profits.
According to Bank of America, COST's membership hike will give investors higher earnings visibility into 2026. It raised the price target on Costco <a href="https://markets.businessinsider.com/news/stocks/costco-stock-price-first-membership-fee-price-hike-since-2017-2024-7">from $874 to $962</a> per share.
"We reiterate our Buy and expect COST to gain share in the current environment as consumers continue to adjust to higher prices, making COST's impressive value proposition and price positioning even more attractive," the bank said.
Shares of COST have gained 23.4% over the past six months and 60.2% over the past year to close the last trading session at $842.90.
Let's look at factors that could influence COST's performance in the upcoming months.
Solid Financials
For the third quarter that ended May 12, 2024, COST's total revenue increased 9.1% year-over-year to $58.52 billion. That beat the analysts' revenue estimate of $58.47 billion. The company's income before income taxes rose 29% from the year-ago value to $2.28 billion.
COST's net income grew 29.1% year-over-year to $1.68 billion. The company's EPS came in at $3.78, exceeding the analysts' expectations of $3.76 and up 29% year-over-year. As of May 12, 2024, Costco's <a href="https://www.investopedia.com/terms/c/cashandcashequivalents.asp">cash and cash equivalents</a> stood at $10.40 billion.
Impressive Historical Growth
Over the past five years, COST's revenue has grown at a CAGR of 11.1%. The company's levered free cash flow has increased at a CAGR of 20% over the same period, and its EBITDA has improved at a 12.8% CAGR. Its total assets have grown at a CAGR of 9.2% over the same timeframe.
Furthermore, the company's net income and EPS have increased at CAGRs of 14.8% and 14.7%, respectively, over the past five years.
Optimistic Analyst Estimations
Analysts expect COST's revenue and EPS for the fourth quarter (ending August 2024) to grow 1.7% and 4.3% year-over-year to $80.25 billion and $5.07, respectively. Costco also surpassed the consensus EPS estimates in each of the trailing four quarters, which is impressive.
For the fiscal year ending August 2024, Street expects COST's revenue and EPS to grow 5.3% and 13.6% from the prior year to $255.05 billion and $16.08, respectively. In addition, the company's revenue and EPS for the fiscal year 2025 are expected to increase 7.4% and 10.5% year-over-year to $273.86 billion and $17.78, respectively.
Reliable Dividends
On July 10, COST's Board of Directors declared a quarterly cash dividend on common stock of $1.16 per share, payable on August 9. Earlier this year, the company approved a quarterly dividend increase from $1.02 to $1.16 per share, or $4.64 on an annualized basis.
Moreover, the company's dividend payouts have increased at a CAGR of 13.5% over the past three years. Costco has raised its dividends for 19 consecutive years.
POWR Ratings Reflect Promise
COST's good fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. COST has a B grade in momentum. The stock is currently trading above its 50-day and 200-day moving averages of $822.99 and $700.46, respectively, indicating an uptrend. It also has a B grade for Stability, justified by its 60-month beta of 0.77.
Additionally, COST has a B grade for Sentiment, in line with the favorable analyst estimates.
Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, COST is ranked #22 out of 36 stocks.
Beyond what I have stated above, we have also given COST grades for Growth, Quality, and Value. Get all COST ratings <a href="https://stocknews.com/stock/COST/">here</a>.
Bottom Line
COST is considered stable and less susceptible to economic downturns, as its products enjoy an elastic demand. The discount retailer consistently delivered robust revenue growth, healthy profit margins, and a solid balance sheet, as evidenced by its third-quarter 2024 results.
Moreover, the recently announced annual membership fee hikes, expected to take effect in the U.S. and Canada in September, could raise Costco's earnings and value proposition. Given its defensive business model, solid momentum, robust financial health, and bright long-term outlook, it would be wise to invest in COST now.
How Does Costco Wholesale Corporation (COST) Stack Up Against Its Peers?
While COST has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry with A (Strong Buy) or B (Buy) ratings: Marks &amp; Spencer Group Plc (<a href="https://stocknews.com/stock/MAKSY/">MAKSY</a>), PriceSmart Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>), and Caseys General Stores, Inc. (<a href="https://stocknews.com/stock/CASY/">CASY</a>).
To explore more A and B-rated retail stocks, <a href="https://stocknews.com/category/grocery-big-box-retailers/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
COST shares rose $3.60 (+0.43%) in premarket trading Monday. Year-to-date, COST has gained 28.64%, versus a 18.93% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/cost-casy-maksy-psmt-with-strong-momentum-is-costco-a-defensive-buy/>With Strong Momentum, Is Costco a Defensive Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With Strong Momentum, Is Costco a Defensive Buy?

PriceSmart: Quality Retailer At A Fair Valuation

PriceSmart goes ex dividend today

ASKLF

CASY

COST

MAKSY

Sendas Distribuidora

BJ's Wholesale Club Holdings, Inc. Common Stock

BJ's Wholesale Club

Costco Wholesale Corporation - Common Stock

Costco Wholesale

Dada Nexus Limited - American Depositary Shares

Dada Nexus

Dollar Gen

Dollar Tree

Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

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Pricesmart (PSMT) Forecast

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