PubMatic Stock (NASDAQ:PUBM), Trade Ideas

PubMatic

PubMatic is one of the leading supply-side platform providers in the digital advertising technology market. These platforms help publishers, which supply digital ad inventory, better manage their inventory, selling a high percentage of their inventory (increase the ad fill rate) and maximizing revenue per ad sold (optimize yield). PubMatic generates revenue mainly via taking a piece of the ad sales that it enables. Buyers on the platform include intermediary buyers, such as demand-side platforms, or advertisers and ad agencies directly. Given the growth in overall digital advertising, more publishers and advertisers are adopting programmatic (or automated) buying and selling, driving the firm's success in attracting more inventory.

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Biotech

Gaming

Restaurants

Trading Ideas

PUBM

RBLX

RENT

RLYB

The weekly Benzinga Stock Whisper Index highlights five stocks that saw increased interest from readers. Here are this week&#39;s stocks to watch.

Benzinga&#39;s &#39;Stock Whisper&#39; Index: 5 Stocks Investors Secretly Monitor But Don&#39;t Talk About Yet

roblox4

News

Movers

Roblox is ramping up its push to attract new ad dollars to its platform and has reached out to PubMatic for help boosting sales of video ads on the platform.

What&#39;s Going On With Roblox Stock Wednesday?

Short Ideas

Small Cap

Pre-Market Outlook

Markets

NCMI

QNST

As of March 21, 2024, three stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 3 Tech And Telecom Stocks That Are Ticking Portfolio Bombs

PubMatic Inc

Earnings

Grupo Aeroportuario Del Pacifico Q1 EPADS $2.586 Up From $2.553 YoY, Sales Ps.8.49B Up From Ps.8.34B YoY

<p><strong>Tesla</strong>&nbsp;and&nbsp;<strong>SpaceX</strong>&nbsp;CEO&nbsp;<strong>Elon Musk</strong>&nbsp;took aim at&nbsp;Social Security on Monday, calling it the &#8220;Biggest Ponzi scheme ever.&#8221; Social Security provides retirement income and helps millions of Americans qualify for Medicare.</p>
<p><strong>What Happened:</strong>&nbsp;Musk was replying to a meme comparing Social Security to a Ponzi scheme (a fraudulent investment scheme). He added, &#8220;Maybe AI and robots will save it though.&#8221;</p>
<p><em>See Also: </em><a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t"><em>Elon Musk Hits Back At Australia&#8217;s Leader Amid Row Over Removal Of Violent Video From X: &#8216;Does The PM Think He Should Have Jurisdiction Over All Of Earth?&#8217;</em></a></p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Biggest ponzi scheme ever. <br /><br />Maybe AI and robots will save it though.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782565870188789784?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<p><em>Subscribe to the </em><a href="https://bztechtrends.beehiiv.com/subscribe"><em>Benzinga Tech Trends newsletter</em></a><em> to get all the latest tech developments delivered to your inbox.</em></p>
<p>In the comments section, people were divided. While some said that many people who have never paid into Social Security, end up getting the benefits, others said that the tech billionaire was &#8220;badmouthing a system that is a primary means of survival for many elderly Americans.&#8221; </p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Not to mention that prior to social security, many people had no choice but to work until death. I can see why that would be appealing to an apartheid billionaire. A Patriotic American, whose predecessors sacrificed so SOCSEC could exist? Not so much.</p>
<p>&mdash; Gaydolf Wokeler (@BrianDogeMiller) <a href="https://twitter.com/BrianDogeMiller/status/1782585462072463861?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Look up how many people who've never paid into Social Security receive it. Explain that one. Someone we know came from Canada after they retired, and because of their age, they were allowed to receive Social Security.  The system is broken.</p>
<p>&mdash; Sherry Jurach (@SJurach) <a href="https://twitter.com/SJurach/status/1782586536997028111?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<p><strong>Why It Matters:</strong> The long-term viability of Social Security is a major concern for many Americans. They <a href="https://www.benzinga.com/personal-finance/24/03/37541461/working-into-your-70s-nikki-haleys-bold-proposal-for-retirement-age">worry about its ability</a> to disburse full benefits in the future. According to the Social Security and Medicare Trustees Reports, by 2033 the fund will only be able to disburse 77% of the total scheduled benefits.</p>
<p>BlackRock CEO <strong>Larry Fink</strong> last month <a href="https://www.benzinga.com/markets/equities/24/03/37936320/larry-fink-warns-of-us-retirement-crisis-in-blackrocks-annual-letter-you-are-on-your-own">emphasized the urgency</a> of addressing the global &#8220;retirement crisis.&#8221; With medical advancements extending life expectancy, traditional approaches to retirement savings and working patterns may need significant reform.</p>
<p>While concerns exist, there&#8217;s also optimism. A <a href="https://www.benzinga.com/personal-finance/24/03/37919337/half-of-americans-now-optimistic-about-social-securitys-future-data-shows">2023 Gallup survey</a> shows that &#8220;Americans are more optimistic about the future of Social Security than they have been in recent years.&#8221; Among nonretired Americans, 50% expect to receive benefits, compared to 47% who don&#8217;t.</p>
<p>As of 2024, the <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/01/36758328/this-is-the-age-most-americans-retire-and-how-to-know-whether-youre-on-track-">average retirement age</a> for retirees in the U.S. is 64, with workers expecting to retire at 66. The full retirement age is 67 for those born in 1960 or later</p>
<p><em>Check out more of Benzinga's Consumer Tech coverage by </em><a href="https://www.benzinga.com/topic/consumer-tech"><em>following this link</em></a><em>.</em></p>
<p><em>Read Next: </em><a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time"><em>Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</em></a></p>
<p><em>Photo via Shutterstock</em></p>


Tech

Elon Musk Calls Social Security The Biggest Ponzi Scheme Ever: 'Maybe AI And Robots Will Save It'

<p>The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.</p>
<p>U.S. stocks closed higher on Monday, with the S&amp;P 500 snapping a six-session losing streak.</p>
<p>On the economic data front, the Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.</p>
<p>Shares of <strong>Zions Bancorporation, N.A.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) gained around 4% on Monday after the company reported upbeat earnings for its first quarter. Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) stock fell around 5% on Monday after it reported fiscal first-quarter 2024 results.</p>
<p>All sectors on the S&amp;P 500 closed higher, with financial, utilities, and information technology stocks recording the biggest gains on Monday.</p>
<p>The Dow Jones closed higher by around 254 points to 38,239.98 on Monday. The S&amp;P 500 rose 0.87% at 5,010.60, while the Nasdaq Composite climbed 1.11% at 15,451.31 during Monday's session.</p>
<p>Investors are awaiting earnings results from <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), <strong>Visa Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and <strong>PepsiCo, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) today.</p>
<p>At a current reading of 37.6, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 32.3.</p>
<p><strong>What is CNN Business Fear &amp; Greed Index?</strong></p>
<p>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.</p>
<p>Also Read This: <a href="https://www.benzinga.com/news/24/04/38354671/top-2-consumer-stocks-that-may-implode-in-april">Top 2 Consumer Stocks That May Implode In April</a></p>


TSLA

ZION

Investor Optimism Improves, But Fear & Greed Index Remains In 'Fear' Zone

<p>With U.S. stock futures trading slightly lower this morning on Tuesday, here are some stocks that may grab investor focus today:</p>
<ul>
<li>Wall Street expects <strong>PepsiCo, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $1.52 per share on revenue of $18.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares fell 1% to $174.79 in after-hours trading.</li>
<li><strong>Packaging Corporation of America</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) posted better-than-expected earnings for its first quarter on Monday. The company said it sees second-quarter earnings of $2.07 per share. Packaging Corp shares fell 5.2% to $170.00 in the after-hours trading session.</li>
<li>Analysts are expecting <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to post quarterly earnings at $2.14 per share on revenue of $41.88 billion. The company will release earnings before the markets open. GM shares fell 0.3% to $43.07 in after-hours trading.</li>
</ul>
<p>Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></p>
<ul>
<li><strong>Hibbett, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction. Hibbett shares gained 1.9% to close at $72.49 on Monday.</li>
<li>Analysts expect <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to post quarterly earnings at 51 cents per share on revenue of $22.34 billion after the closing bell. Tesla shares fell 0.4% to $141.45 in after-hours trading.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/24/04/38355486/top-3-financial-stocks-that-could-blast-off-this-quarter">Top 3 Financial Stocks That Could Blast Off This Quarter</a></p>


Equities

HIBB

General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday

Guidance

Novartis Now Expects 2024 Net Sales To Grow High Single To Low Double-Digit (Prior Mid-Single-Digit) And Core Operating Income To Grow Low Double-Digit To Mid-Teens (Prior High Single-Digit)

VLRS

Volaris 2024 Guidance, Anticipates ASM Growth (YoY) Of -16% to -18% And An EBITDAR Margin Of 32%-34% (Prior 31%-33%)

<p><strong>2024&nbsp;Guidance</strong></p>
<p>For the&nbsp;second quarter&nbsp;of 2024, the Company expects:</p>
<table align="center">
<tbody>
<tr>
<td><strong>2Q&#39;24</strong></td>
<td><strong>2Q&#39;23&nbsp;</strong><strong>(1)</strong></td>
</tr>
<tr>
<td><strong>2Q&#39;24&nbsp;Guidance</strong></td>
<td>&nbsp;</td>
</tr>
<tr>
<td>ASM growth (YoY)</td>
<td>~&nbsp;-18%</td>
<td>+18.1%</td>
</tr>
<tr>
<td>TRASM</td>
<td>$9.1&nbsp;to&nbsp;$9.2&nbsp;cents</td>
<td>$7.92&nbsp;cents</td>
</tr>
<tr>
<td>CASM ex fuel</td>
<td>$5.5&nbsp;to&nbsp;$5.6&nbsp;cents</td>
<td>$4.82&nbsp;cents</td>
</tr>
<tr>
<td>EBITDAR margin</td>
<td>31%&nbsp;to&nbsp;33%</td>
<td>27.1%</td>
</tr>
<tr>
<td>Average USD/MXN rate</td>
<td>Ps.17.30 to 17.50</td>
<td>Ps.17.72</td>
</tr>
<tr>
<td>Average U.S. Gulf Coast jet fuel price</td>
<td>$2.60&nbsp;to&nbsp;$2.70</td>
<td>2.29</td>
</tr>
<tr>
<td>(1) For convenience purposes, actual reported figures for 2Q&#39;23 are included.</td>
</tr>
</tbody>
</table>


Volaris Provides Q2 Guidance: Expects ASM (YoY) Of About -18%, TRASM Of $9.1-$9.2 Cents, CASM Excluding Fuel Of $5.5-$5.6 Cents, And An EBITDAR Margin Of 31%-33%

<p>Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $1.67 by 7.78 percent. This is a 16.88 percent increase over earnings of $1.54 per share from the same period last year.  The company reported quarterly sales of $11.829 billion which beat the analyst consensus estimate of $11.433 billion by 3.46 percent.  This is a 8.68 percent decrease over sales of $12.953 billion the same period last year.</p>


Earnings Beats

Novartis Q1 2024 Adj EPS $1.80 Beats $1.67 Estimate, Sales $11.829B Beat $11.433B Estimate

<p>Hours after reports of <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push">laying off its marketing team</a> in the U.S., CEO Elon Musk said the ads made by the team <strong>failed to impress him.</strong></p>
<p><strong>What Happened:</strong> The CEO concurred with an X user and Tesla enthusiast who said the ads made by the team were rather unimpressive and wrote, &#8220;Exactly. The ads were far too generic – could've been any car.&#8221;</p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Exactly. The ads were far too generic – could've been any car.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782436262881661053?ref_src=twsrc%5Etfw">April 22, 2024</a></p></blockquote>
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<p>Musk&#8217;s comment comes on the heel of a Bloomberg report that the EV giant has removed its newly formed marketing team as part of the <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">10% companywide layoff </a>announced last week. The report noted that the entirety of the team in the U.S., including senior manager <strong>Alex Ingram</strong>, were eliminated. </p>
<p><strong>Trial And Error:</strong> Musk first expressed <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32439283/tesla-bulls-cheer-elon-musks-decision-to-try-some-advertising-it-could-be-amazingly">willingness to try traditional advertising</a> less than a year ago in May 2023. Until then, the company boasted of spending almost<strong> </strong>no money on advertising but became popular purely via word of mouth.</p>
<p>Since then, Tesla has attempted advertising on different platforms including <strong>YouTube</strong>, <strong>X</strong>, and even Meta Platforms&#8217; <strong>Instagram</strong>, and <strong>Facebook</strong> <a href="https://www.benzinga.com/news/24/03/37908129/facebook-isnt-lame-for-musk-anymore-tesla-rejoins-zuckerbergs-social-media-platform-after-ghosting-i">despite Musk&#8217;s past criticism of them</a>. </p>
<p>However, in January, Tesla executives clarified during the fourth-quarter earnings call that while the lack of awareness impacted EV adoption, the company would not spend too much on advertising and marketing but instead spend it in areas and geographies where the company has low market share such as Japan. </p>
<p><strong>Analyst Take:</strong> Not all Tesla analysts favor this strategy of low advertising investment. <strong>The Future Fund</strong> Managing Partner <strong>Gary Black</strong> has often criticized Tesla&#8217;s attempts at driving sales via price cuts that weigh heavily on the company&#8217;s margins. Black recommends advertising instead.  </p>
<p>Even on Monday, Black reiterated that educating combustion engine vehicle owners on the perks of EVs via advertising is &#8220;badly needed&#8221; to drive sales. &#8220;Anyone can cut price. It's a blunt inefficient tool,&#8221; Black added. </p>
<p><strong>Anti-Tesla Advertising:</strong> While Musk has been sidestepping advertising, anti-Tesla crusaders have been going all in. </p>
<p><strong>The Dawn Project</strong>, <a href="https://www.benzinga.com/news/23/10/35125361/exclusive-dawn-projects-dan-odowd-warns-teslas-terrible-fsd-could-be-banned-blames-musk-for-coordina" target="_blank" rel="noreferrer noopener">founded by tech billionaire</a> <strong>Dan O'Dowd</strong>, released two ads at the Super Bowl championship earlier this year alleging that Tesla failed to act despite the group flagging multiple concerns about the safety of its full self-driving (FSD) driver assistance software and urged for a boycott of the company.</p>
<p>"When you buy a new Tesla you are financing and enabling Elon Musk to put a dangerous, unfinished, product on our public roads," <strong>O'Dowd </strong><a href="https://www.benzinga.com/news/24/02/37085404/tesla-boycott-superbowl-ad-earns-regulators-ire-did-not-grant-permission-to-use-the-ntsb-seal">said in a statement</a> then. </p>
<p><em>Check out more of Benzinga&#8217;s Future Of Mobility coverage by </em><a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em>following this link</em></a><em>.</em></p>
<p><em>Read Next:</em> <em><a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago">Tesla FSD Is Now Nearly 50% Cheaper Than When Elon Musk Called It &#8216;Very Low&#8217; Just Under A Year Ago</a></em></p>
<p><em>Image made via pictures on Shutterstock</em></p>



Elon Musk Admits Tesla Ads Were 'Far Too Generic' After Laying Off US Marketing Team: 'Could've Been Any Car'

<p>Controladora Vuela (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLRS#NYSE">VLRS</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $(0.18) by 261.11 percent. This is a 147.54 percent increase over losses of $(0.61) per share from the same period last year.  The company reported quarterly sales of $768.000 million which beat the analyst consensus estimate of $694.633 million by 10.56 percent.  This is a 5.06 percent increase over sales of $731.000 million the same period last year.</p>


Controladora Vuela Q1 2024 GAAP EPS $0.29 Beats $(0.18) Estimate, Sales $768.000M Beat $694.633M Estimate

<ul>
<li>JD Sports to acquire all outstanding shares for&nbsp;$87.50&nbsp;per share in cash, in a&nbsp;$1.1 billion&nbsp;transaction</li>
<li>Per share price represents a&nbsp;21%&nbsp;premium to the April 22, 2024, closing price and a&nbsp;29%&nbsp;premium to the 120-trading day volume weighted average price</li>
<li>Combination of best-in-class customer-centric companies offers brand partners an expanded global platform for distribution of the latest athletic fashion products</li>
<li>Mike Longo to continue as Hibbett President and CEO, and Jared Briskin to take on role of Hibbett COO; Hibbett will maintain HQ in Birmingham</li>
</ul>


JDSPY

Hibbett Agrees To Be Acquired By JD Sports Fashion For $87.50 Per Share In Cash, Amounting To ~$1.1B

<p>Investors anticipate a potential further drop in&nbsp;<strong><a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38307408/strong-ai-chip-demand-propels-key-apple-nvidia-supplier-past-q1-expectations" rel="noreferrer noopener">Taiwan Semiconductor Manufacturing Co</a></strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock, which has plummeted over 13% in the past six days.</p>
<p><strong>What Happened:</strong>&nbsp;The chipmaker&#8217;s stock has been on a downward spiral since its April 11 earnings call, where it revised its growth forecasts for the semiconductor industry due to industry challenges. These revisions led to a market value loss exceeding $100 billion, as&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-22/tsmc-s-13-rout-may-have-further-to-go-options-traders-indicate" rel="noreferrer noopener">reported</a>&nbsp;by Bloomberg on Monday.</p>
<p>The surge in put options, bets on the stock&#8217;s decline, reflects increased bearish sentiment. Open interest for both put and call options on Friday was 20% higher than their 20-day averages, according to Bloomberg.</p>
<p><em>See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346682/shiba-inu-army-cheers-as-burn-rate-soars-172-price-rebounds?itm_source=parsely-api" rel="noreferrer noopener">Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds</a></em></p>
<p>Other tech giants like&nbsp;<strong>NVIDIA Corp</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;<strong>Super Micro Computer Inc</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) have also seen significant stock price drops, contributing to broader tech sector unease.</p>
<p><strong>Why It Matters:</strong> TSMC&#8217;s challenges reflect a broader chip industry trend. The company, a key supplier to both Nvidia and <strong>Apple Inc</strong>, recently <a href="https://www.benzinga.com/markets/equities/24/04/38328610/tsmc-cautions-red-hot-chip-industry-growth-could-cool-amid-declining-automotive-chip-demand" target="_blank" rel="noreferrer noopener">revised its growth forecast</a> for non-memory chip markets to 10%, down from &#8220;more than 10%,&#8221; due to potential decreased demand for consumer electronics.</p>
<p>Earlier this month, concerns arose regarding the impact of production challenges at TSMC on AI development following&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38083172/taiwan-earthquake-alarms-gene-munster-the-only-thing-that-can-slow-ai-in-the-near-term-is-impact-on" rel="noreferrer noopener">a 7.2-magnitude earthquake</a>&nbsp;that temporarily halted chip production.</p>
<p>Despite these challenges, Taiwan is bolstering&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38288066/taiwan-bolsters-chip-diplomacy-with-canada-and-france-amid-china-tensions" rel="noreferrer noopener">its &#8220;chip diplomacy,&#8221;</a>&nbsp;efforts to secure its leading chip producer position through international partnerships. Recent tech deals with the U.S., Canada, France, and Germany aim to support chip design engineer development and nurture tech talent.</p>
<p><strong>Price Action:</strong>&nbsp;Taiwan Semiconductor closed Monday up 1.6% at $129.75, with a slight after-hours decline. However, the stock remains up 27.79% year-to-date. Nvidia is trading at $795 (65.08% YTD increase), while Super Micro Computer is at $717 (151.19% YTD increase)<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">from Benzinga Pro</a></p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a></em></p>
<p><em>Image Via Shutterstock </em></p>
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        Engineered by<br />
        <span style="font-weight: bold;text-decoration: none;color: #225aa9;font-size: 1rem">Benzinga Neuro</span>, Edited by<br />
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              Kaustubh Bagalkote</a></u><br />
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<p style="font-family: sans-serif;padding-top: 20px">
        The GPT-4-based Benzinga Neuro content generation system exploits the<br />
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Options

Media

NVDA

SMCI

Key Apple, Nvidia Chip Supplier's Stock Woes Not Yet Over? Here's What Options Data Shows

WOLF

Reported Earlier, Wolfspeed To Review JANA Partners' Suggestions, Aims For Enhanced Value

<p>As&nbsp;<strong>Donald Trump</strong>&nbsp;fights&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc" rel="noreferrer noopener">the New York hush-money</a>&nbsp;criminal case, a former Department of Justice attorney warned that testifying on his behalf could pose risks for the former president.</p>
<p><strong>What Happened</strong>: Trump has the right to testify as a defendant, but it&#8217;s not mandatory, explained&nbsp;<strong>Andrew Weissmann</strong>, former Assistant U.S. Attorney and law professor, in an MSNBC&nbsp;<a target="_blank" href="https://www.msnbc.com/inside-with-jen-psaki/watch/-death-knell-to-the-case-weissmann-on-possible-trump-testimony-in-criminal-trial-209429061627" rel="noreferrer noopener">interview</a>.</p>
<p>&#8220;He has no burden whatsoever, and the jury will be told that and they cannot use the fact that he chooses not to testify in any way against him,&#8221; Weissmann clarified. Trump&#8217;s lawyers may not be in favor of him testifying, he said. &#8220;I am confident that lawyers like&nbsp;<strong>Susan Necheles</strong>&nbsp;are going to throw their bodies in front of the witness stand trying to get him not to take the stand,&#8221; he added</p>
<p>On the other side, the prosecution side may relish the prospect, Weissmann said. &#8220;And if you are the prosecutors, you are just licking your chops thinking, fine, you want to take the stand? Great,&#8221; he said.</p>
<p>Citing Trump&#8217;s prior inconsistent statements, Weissmann said, &#8220;So he&#8217;s taking a stand would&nbsp;really&nbsp;be a death knell, I think, to the case.&#8221; That said, the legal expert did not rule out Trump doing it, citing his unpredictability and his hubris.</p>
<p>The former president&#8217;s involvement in the&nbsp;<strong>E. Jean Carroll</strong>&nbsp;case resulted in the fine swelling from $5 million to $85 million, he noted. &#8220;So if he proceeds in that sort of mode, I don&#8217;t think he&#8217;s going to be helping himself,&#8221; he said.</p>
<p><em>See Also:<a target="_blank" href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in" rel="noreferrer noopener">&nbsp;Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character&#8230;Make Him Unfit To Serve As President&#8217;</a></em></p>
<p><strong>Why It&#8217;s Important:</strong>&nbsp;Prosecutors in the hush-money case trial told the jury on Monday that it was an &#8220;election fraud, pure and simple,&#8221; as Trump tried to cover up to hide a sex scandal ahead of the 2016 presidential election.</p>
<p>&#8220;Trump orchestrated a criminal scheme to corrupt the 2016 presidential election. Then he covered up that criminal conspiracy by lying in his NY business records over and over and over again,&#8221; they said.</p>
<p>Weissmann said in a post on X that New York District Attorney&nbsp;<strong>Alvin Bragg&nbsp;</strong>&#8220;squarely places the NY criminal trial in the election interference/corruption bucket&#8211; exactly what the DC and GA indictments allege, just 4 years later.&#8221;</p>
<p>The outcome of the trial is important as it is likely to be one of Trump&#8217;s four criminal cases that will reach a verdict before the Nov. 5 election. The former president is running a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38347218/biden-vs-trump-matchup-in-north-carolina-shows-slight-setback-for-one-candidate-can-his-relentless-e" rel="noreferrer noopener">neck-on-neck race with&nbsp;</a><strong><a target="_blank" href="https://www.benzinga.com/news/24/04/38347218/biden-vs-trump-matchup-in-north-carolina-shows-slight-setback-for-one-candidate-can-his-relentless-e" rel="noreferrer noopener">Joe Biden</a></strong>&nbsp;in the 2024 election and therefore his lawsuits could play a huge part in the outcome.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/money/best-real-estate-stocks-right-now">Best Real Estate Stocks Right Now</a></em></p>


Politics

Trump Taking The Stand In NY Hush-Money Trial Would 'Really Be A Death Knell,' Says Ex-DOJ Attorney: 'Not Going To Help Himself'

<ul>
<li>Designated an FDA Breakthrough Therapy, the novel immunotherapy ANKTIVA activates the body&#39;s natural killer (NK) and killer T-cell immune system to attack tumor cells</li>
<li>Therapy stimulates memory T cells, leading to long duration of complete response exceeding 47 months and ongoing to date, with a median duration of response yet to be determined</li>
<li>The percentage of patients with durable responses at 12 and 24 months exceeded the benchmark for magnitude of clinically meaningful results established by experts at the International Bladder Cancer Group (IBCG)</li>
<li>ANKTIVA in combination with BCG is approved for maintenance therapy for up to 37 months with tolerable side effects ranging from&nbsp;0%&nbsp;to&nbsp;3%&nbsp;Grade 3/4 adverse events</li>
<li>ANKTIVA is expected to be available in the U.S. by mid-May 2024</li>
</ul>


IBRX

Reported Earlier, ImmunityBio Has Received FDA Approval For ANKTIVA, A First-In-Class IL-15 Receptor Agonist, For BCG-Unresponsive Non-Muscle Invasive Bladder Cancer

<p>In the latest development, <strong>Boeing Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has reportedly projected a slower increase in the production and delivery of its 787 widebody jets. This is primarily due to supplier shortages,</p>
<p><strong>What Happened</strong>: <strong>Scott Stocker, </strong>the 787 vice president and general manager, disclosed the situation to employees at the South Carolina facility via a memo on Monday, Reuters reported. Despite the hurdles, Boeing is determined to incrementally increase its rate to cater to the &#8220;strong demand&#8221;.</p>
<p>The memo highlighted, &#8220;We continue to manage through supplier shortages on a few key parts.&#8221; </p>
<p>It also mentioned that customers have been notified about the anticipated slower increase in production and deliveries.</p>
<p>The Federal Aviation Administration (FAA) is keeping a close watch on Boeing&#8217;s challenges in procuring certain parts and is in constant communication with the company. The agency&#8217;s primary concern is to ensure that only safe and compliant airplanes are dispatched from the factory.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a></em></p>
<p>Boeing, scheduled to announce earnings on Wednesday, is facing scrutiny over the manufacturing of its 777 and 787 widebody jets. This comes in the wake of allegations by company engineer <strong>Sam Salehpour</strong> at a U.S. Senate hearing last week, who pointed out inadequate shimming in some areas of the 787 Dreamliner.</p>
<p>Furthermore, the company&#8217;s separate production of its 737 MAX single-aisle jet in Washington state has experienced a significant decline, as U.S. regulators tighten factory inspections and workers slow down the assembly line to complete outstanding work.</p>
<p><strong>Why It Matters</strong>: The latest development comes on the heels of <a href="https://www.benzinga.com/markets/equities/24/04/38330613/boeing-grapples-with-32-whistleblower-complaints-in-3-years-amid-mounting-safety-concerns-report">32 whistleblower complaints</a> against Boeing over the past three years, with allegations of employer retaliation being investigated by the U.S. workplace safety regulator. This has raised significant safety concerns for the company.</p>
<p>Moreover, as Boeing<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38365885/boeing-will-deliver-q1-earnings-while-at-center-of-air-safety-scandal-everybody-wan"> prepares to release its Q1 earnings</a>, investors are keen to see if the company&#8217;s performance can offset the recent scandals that have tarnished its public image.</p>
<p><strong>Price Action:</strong> On Monday, the stock closed at 170.48, with a slight increase of 0.22% from the previous close.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38346938/trump-is-a-force-of-nature-reince-priebus-has-raised-70m-for-gop-convention-despite-being-pushed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Trump Is A Force of Nature&#8217;: Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out</a></em></p>
<p><em>Photo via Shutterstock</em></p>
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                <u><a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a></u><br />
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            The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.<br />
            <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
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General

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

<p>Rilzabrutinib LUNA 3 phase 3 study met primary endpoint in immune thrombocytopenia</p>
<ul>
<li>Pivotal data from the first phase 3 study of a BTKi in immune thrombocytopenia (ITP) underscore the potential of rilzabrutinib to provide a clinically meaningful benefit to patients living with ITP</li>
<li>Regulatory submissions in the US and EU anticipated by year-end</li>
<li>Rilzabrutinib is one of 12 potential medicines and vaccines in Sanofi&#39;s robust immunology pipeline and a testament to Sanofi&#39;s ability to successfully accelerate and build a portfolio of next-generation transformative treatments for immune diseases</li>
<li>In addition to ITP, rilzabrutinib is being studied across a variety of immune-mediated diseases including asthma, chronic spontaneous urticaria, prurigo nodularis, IgG4-related disease and warm autoimmune hemolytic anemia</li>
</ul>


Sanofi's Rilzabrutinib LUNA 3 Phase 3 Study Met Primary Endpoint In Immune Thrombocytopenia

<ul>
<li>Vertex obtains an exclusive license to&nbsp;TreeFrog&#39;s C-StemTM &nbsp;manufacturing technology in type 1 diabetes&nbsp;</li>
<li>TreeFrog and Vertex to collaborate on scale-up of fully differentiated, insulin-producing pancreatic islet cells&nbsp;</li>
</ul>


VRTX

Vertex Announce Licensing Agreement And Collaboration With Treefrog Therapeutics To Optimize Production Of Vertex's Cell Therapies For Type 1 Diabetes

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Bank Of Japan Core Consumer Price Index (YoY) 2.2% Vs. 2.3% Prior

<p>Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.54 by 1.95 percent. This is a 10.8 percent decrease over earnings of $1.76 per share from the same period last year.  The company reported quarterly sales of $428.14 million which beat the analyst consensus estimate of $422.49 million by 1.34 percent.  This is a 6.57 percent increase over sales of $401.76 million the same period last year.</p>


PNFP

Pinnacle Finl Partners Q1 EPS $1.57 Beats $1.54 Estimate, Sales $428.14M Beat $422.49M Estimate

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on PubMatic (PUBM – Research Report), Bentley Systems (...

Analysts Offer Insights on Technology Companies: PubMatic (PUBM), Bentley Systems (BSY) and Synopsys (SNPS)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>If you&rsquo;re searching for the best small-cap stocks to buy right now, look no further. Small-cap stocks are set to continue their record run as indices like the <strong>S&amp;P 600</strong> begin building momentum in light of rate cutting expectations and an improved economic outlook. Since nearly all companies, even the largest, started as small-caps, the sector <a href="https://www.msci.com/www/blog-posts/small-caps-have-been-a-big/03951176075">tends to outperform</a> larger indices in the long term.</p>



<p>We&rsquo;re in a particularly unique position, as a year&rsquo;s worth of higher rates means the worst or least viable companies are on their way out or didn&rsquo;t survive the financial realignment. Today&rsquo;s small-cap stocks, therefore, tend to be the strongest of the bunch, with management adept at navigating monetary policy changes and rapidly shifting economic conditions. These seven small-cap stocks stand out as some of the best of the bunch and could prove a solid foundation for a well-rounded portfolio.</p>



<h2>Small-Cap Stocks to Buy: <strong>PubMatic Inc (PUBM)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/pubmatic-pubm-stock-1600-300x169.jpg" alt="The company sign is seen at the headquarters of PubMatic, an American digital advertising technology company for premium content creators."><div>Source: Tada Images / Shutterstock.com</div></div><p>Digital advertising is quickly becoming a perennial sector that tends to retain strength even amid poor economic conditions. While consumer spending may dip and eat into sales growth, the best digital advertising companies successfully navigate shifting conditions to stay afloat, if not thrive. <strong>PubMatic Inc</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pubm-stock-quote/"><strong>PUBM</strong></a>) is among just a handful of small-cap digital advertising and <a href="https://investorplace.com/industries/communications/media/">media stocks</a> that are successfully adapting to changing preferences &ndash; and thriving.</p>



<p>Last year, record revenue figures for the small-cap advertising company hit <a href="https://www.martechcube.com/pubmatic-reinvests-2023-profits-in-team-expansion-for-revenue-growth/">$267 million in sales</a>. Staying true to its small-cap growth stock designation, the company is plunging excess earnings into a comprehensive growth strategy to build on that momentum. Plans include improved customer acquisition strategies, revenue stream expansion, and increased machine learning emphasis to &ldquo;[build and scale] ROI and outcomes-based advertising solutions that rival the walled gardens,&rdquo; with walled gardens being a term describing the largest and impenetrable advertising heavyweights with closed ecosystems like <strong>Meta</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>).</p>



<h2><strong>Steelcase Inc (SCS)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/scs-stock-300x169.jpg" alt='An image of a smartphone displaying the text "Steelcase" in black font on a white screen, with a computer screen showing stock charts and a windows taskbar in the background.'><div>Source: IgorGolovniov / Shutterstock.com</div></div><p>Aligned much more closely with the &ldquo;value&rdquo; side of the value/growth continuum than PubMatic, <strong>Steelcase Inc</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/scs-stock-quote/"><strong>SCS</strong></a>) is nevertheless a standout small-cap stock offering investors long-term upside potential alongside short-term stability. To the latter point, the company&rsquo;s gained nearly 50% over the past year and currently offers a 3.06% forward dividend yield &ndash; not bad for a company with less than $1.5 billion in market capitalization!</p>



<p>But investors looking for small-cap value stocks to buy shouldn&rsquo;t focus on dividends alone. Instead, <a href="https://equityset.com/company/scs?tag=financials">look to Steelcase&rsquo;s</a> steady revenue and rapidly increasing net income, which hit $777 million and $30.8 million in the most recent quarterly report. To that end, the company&rsquo;s fiscal year 2025 outlook is especially enticing as it capitalizes on a steadier economy and continued remote work trends. Management reported 10% higher sales in the first three weeks of the fiscal year alone and <a href="https://ir.steelcase.com/news-and-events/news/news-details/2024/Steelcase-Reports-Fourth-Quarter-and-Fiscal-2024-Results/default.aspx">is targeting</a> 1% &ndash; 5% revenue growth and EPS between 85 cents and $1.00. Steelcase reported a year&rsquo;s end EPS of 68 cents, so the rosy executive outlook should be enough to spark interest in small-cap value investors.</p>



<h2>Small-Cap Stocks to Buy: <strong>indie Semiconductor Inc (INDI)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600a-300x169.jpg" alt="Close-up Presentation of a New Generation Microchip. Gloved Hand Holding Piece of Technological Wonder. Semiconductor stocks are in the news."><div>Source: Shutterstock</div></div><p><a href="https://investorplace.com/industries/technology/semiconductor/">Semiconductor stocks</a> surged over the past year, but mega-caps like <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) and <strong>Taiwan Semiconductor</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/"><strong>TSM</strong></a>). As semiconductor demand remains high, but the biggest names tilt toward massive overvaluation, investors will increasingly turn to small-cap semiconductor stocks to find the &ldquo;next big thing.&rdquo; Few small-cap semiconductor stocks are as robust as <strong>indie Semiconductor Inc</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/indi-stock-quote/"><strong>INDI</strong></a>). The company&rsquo;s offerings focus primarily on automotive and self-driving car semiconductor applications, which are increasingly in demand as new car sales climb and drivers demand state-of-the-art luxuries like driver assistance and enjoyable infotainment displays.</p>



<p>The company&rsquo;s <a href="https://www.businesswire.com/news/home/20240222697156/en/indie-Semiconductor-Achieves-Record-Fourth-Quarter-and-2023-Results">2023 revenue</a> was record-setting, climbing more than 100% to hit $223.2 million. Likewise, the company&rsquo;s profit margins are beyond reproach at 52.5% in 2023, more than 2.5% higher than the prior year. This margin expansion indicates that the company is not only navigating shifting economic conditions but also thriving as it finds ways to improve efficiencies and cut costs without sacrificing quality.</p>



<h2><strong>Chegg Inc (CHGG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/online-education-1600-300x169.jpg" alt="a child takes notes while attending an online class. represents education stocks. edtech stocks"><div>Source: Travelerpix / Shutterstock.com</div></div><p><strong>Chegg Inc</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/"><strong>CHGG</strong></a>) is a small-cap tech stock capturing one of the AI-adjacent sectors I&rsquo;m particularly bullish on: education and EdTech. This year saw increased scrutiny and even dismissal of legacy learning institutions, even the most elite, and I think artificial intelligence (<span>AI</span>) and emerging remote work and learning tech will be among the next massive social revolutions. Chegg is adapting AI to a range of learning applications, <a href="https://investor.chegg.com/Press-Releases/press-release-details/2023/Chegg-announces-CheggMate-the-new-AI-companion-built-with-GPT-4/default.aspx">including CheggMate</a>, a companion and tutoring service on Chegg&rsquo;s connected learning platform. The tool is built on the back of <strong>OpenAI&rsquo;s</strong> GPT-4 and represents one of the few, if not only, broadly successful adaptations or applications of the tools within the EdTech sector.</p>



<p>Of course, new and next-gen tools tend to be costly and unpredictable early in their lifecycle. To that end, Chegg shares dropped more than 30% since 2024 began, primarily on the heels of a <a href="https://www.barrons.com/articles/chegg-earnings-stock-price-70ccdf3f">less-than-desirable earnings</a> report that included a more modest forecast than analysts expected. Still, Chegg&rsquo;s management <a href="https://www.marketwatch.com/story/cheggs-stock-falls-on-weak-first-quarter-forecast-as-it-tries-to-pivot-to-ai-21a5a053">acknowledged the rough patch</a> as part of its R&amp;D into AI EdTech applications, telling investors that its development is &ldquo;ongoing and iterative&rdquo; but that R&amp;D costs mean it&rsquo;s also &ldquo;too early to predict when we will return to revenue and margin growth.&rdquo; Still, at its current price point and relatively <a href="https://www.morningstar.com/stocks/xnys/chgg/valuation">low valuation</a>, Chegg is a top small-cap stock to capitalize on EdTech&rsquo;s AI-enabled future.</p>



<h2>Small-Cap Stocks to Buy: H&amp;R Block (HRB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/small-cap-stocks-making-money-300x169.jpg" alt="a man in a suit pulling a large bag of money with a rope. hot small-cap stocks for January 2024"><div>Source: Shutterstock</div></div><p>Have you filed your taxes yet? If not, you may be one of many Americans scrambling over the next two weeks, setting <strong>H&amp;R Block</strong>&nbsp;(NYSE:<strong><a href="https://investorplace.com/stock-quotes/hrb-stock-quote/">HRB</a></strong>) for another solid earnings season. One of the primary concerns about companies like H&amp;R Block is the inherent cyclical nature of their business &ndash; tax time comes every April, so customers tend to flock to the platform in January but fall off by mid-spring. However, H&amp;R Block&rsquo;s recent initiatives to smooth its sales cycle are bearing fruit, as spin-off initiatives like its Spruce mobile banking platform set increasingly higher client acquisition and retention rates.</p>



<p>H&amp;R Block&rsquo;s <a href="https://investors.hrblock.com/news-releases/news-release-details/hr-block-reports-fiscal-2024-second-quarter-results-full-year">last financial filing</a> attributed more than $26 million in quarterly revenue to the banking platform. At roughly one-fourth of tax prep sales, that&rsquo;s still a solid stat &ndash; especially when considering $26 million represents <a href="https://www.pymnts.com/earnings/2024/hr-block-mobile-banking-platform-sees-deposits-nearly-quadruple-yoy/">customer deposits quadrupling</a>. As rates stay steady or fall, H&amp;R Block will be able to capitalize on increasing deposit rates more and ultimately see income from peripheral financial services surge.</p>



<h2><strong>Valley National Bancorp</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/fintech-banking-300x169.png" alt="An image of a cellphone with a bank on top, surrounded by people and piles of money, a credit card and calculator. fintech stocks"><div>Source: fatmawati achmad zaenuri/Shutterstock</div></div><p>I wrote about <strong>Valley National Bancorp</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/vly-stock-quote/"><strong>VLY</strong></a>) <a href="https://investorplace.com/2024/03/3-cannabis-stocks-to-buy-for-the-next-bull-run-march-2024/">last week</a>, focusing on the company&rsquo;s potential strength as a cannabis stock. However, there&rsquo;s far more to this small-cap regional bank than its <a href="https://www.valley.com/cannabis-banking">cannabis-centric initiatives</a>. Trading at just <a href="https://equityset.com/company/vly?tag=financials&amp;tab=key-ratios">0.6x book value</a> and 7.5x earnings, the small-cap financial stock is undervalued and, in many cases, under-appreciated. Valley&rsquo;s strong balance sheet and relatively low debt load (a debt-to-equity ratio of just 0.56, compared to the industry&rsquo;s 1.2 average) means that management is positioned to adapt to whatever economic conditions may come, as evidenced by its newest <a href="https://finance.yahoo.com/news/valley-national-vly-announces-share-161100413.html">stock buyback plan</a> and 5.71% <a href="https://www.morningstar.com/stocks/xnas/vly/dividends">trailing dividend yield.</a></p>



<p>Analysts broadly see Valley National as <a href="https://equityset.com/company/vly?tag=stock-analysis&amp;tab=sentiment">undervalued</a>, with an average $9.50 price target that sits about 20% above today&rsquo;s per-share pricing. Likewise, they&rsquo;re increasingly bullish about the small-cap bank stock as 56% call the stock a &ldquo;hold&rdquo;, compared to 50% calling for investors to sell during the previous polling period.</p>



<h2><strong>GigaCloud Technology Inc (GCT)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/digital_marketing_16-300x169.png" alt="a photo of someone typing on a laptop on a wooden table with computer-related images"><div>Source: My Life Graphic/Shutterstock.com</div></div><p><strong>GigaCloud Technology Inc</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/gct-stock-quote/"><strong>GCT</strong></a>) has been on a wild ride thus far in 2024, surging to nearly $45 per share after a solid earnings report before falling back down to pre-earnings levels where it sits today (slightly above $25 per share). But much of that decline seems to be investors merely taking profit rather than a substantial statement about GigaCloud&rsquo;s long-term potential. The company, whose closest analog is <strong>Alibaba</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/"><strong>BABA</strong></a>) trades at just <a href="https://www.morningstar.com/stocks/xnas/gct/quote">11x earnings</a>. Those looking at the stock with skepticism considering Alibaba&rsquo;s fall from grace should consider one major differentiator: GigaCloud services B2B markets and, more than just offering product sourcing, is an all-in-one vendor management platform to navigate cross-border payments and other tricky facets of global eCommerce that small businesses tend to struggle with.</p>



<p>The small-and-medium-sized business (<a href="https://investorplace.com/stock-quotes/smb-stock-quote/"><strong>SMB</strong></a>) market is largely unaddressed, and GigaCloud&rsquo;s solutions include payment processing, shipment and freight management, AI-enabled fulfillment, and even warehouse storage. This all-in-one package is a boon to SMBs struggling to compete with or work through larger players like <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>). As time goes on and companies like Amazon increasingly squeeze SMBs through <a href="https://www.sellersnap.io/amazon-fee-changes-and-updates/">fee and fulfillment rate hikes</a>, those going it alone will increasingly turn to self-sourced/self-managed platforms like GigaCloud.</p>



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The bull market continues, and the <strong>S&amp;P 500</strong> is hardly giving up any gains. Indeed, the momentum from the October 2023 lows has been incredible. As <a href="https://www.ameriprise.com/financial-news-research/insights/broadening-market-rally-may-have-arrived">market breadth expands</a> beyond <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> and the Magnificent Seven, <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> have upside.</p>



<p>On a macro level, the market will continue to be supported by solid economic data and strong technical momentum. The economy is still surprising to the upside with <a href="https://apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49">solid GDP growth</a> and <a href="https://www.reuters.com/markets/us/us-job-growth-beats-expectations-march-wages-increase-steadily-2024-04-05/">healthy employment numbers</a>. Therefore, company earnings will remain resilient, supporting continued gains.</p>



<p>With a positive macro backdrop, the following growth stocks to buy have room to run higher. Each achieved 30% annual revenue growth over the last five years. Additionally, according to Finviz, they managed 10% quarter-over-quarter (<strong>QOQ</strong>) sales growth in the most recent quarter.</p>



<p>Looking ahead, management is optimistic about prospects. What&rsquo;s more, they are reasonably valued at a forward EV/Sales below 10.</p>



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-300x169.jpg" alt="Roblox Stock IPO"><div>Source: Miguel Lagoa / Shutterstock.com</div></div><p>This build-it-yourself video game platform has proved to be a hit among users. <strong>Roblox</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a></span>) had another healthy year, growing revenues by 26% in 2023. Bookings were $3.5 billion, increasing 23% year-over-year (<strong>YOY</strong>).</p>



<p>Indeed, 2023 results revealed the <a href="https://ir.roblox.com/news/news-details/2024/Roblox-Reports-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">company&rsquo;s excellent user growth</a>. Daily active users hit 68.4 million for the full year, growing 22% year-over-year. Also, average monthly unique payers rose 17% to 14.5 million.</p>



<p>Even better, Roblox grew its 13-and-over DAUs by 28% in Q4 2023. Now, over 58% of DAUs are in this category, which is a positive for the advertising business the company is trying to ramp up. Additionally, the company ended Q4 2023 with the strongest quarterly bookings growth.</p>



<p>Also, Roblox is an under-the-radar AI opportunity. It <a href="https://www.theverge.com/2023/9/8/23863943/roblox-ai-chatbot-assistant-ai-rdc-2023">announced Roblox Assistant</a>, which allows users to generate ideas using natural language text prompts. On the operations front, they are using AI to lower costs and improve safety on the platform.</p>



<p>Furthermore, Roblox is one of the top growth stocks to buy at 6 times forward EV/Sales. The company will achieve 20% bookings growth in 2024. Plus, it&rsquo;s ramping up its advertising business and has <a href="https://finance.yahoo.com/news/roblox-taps-pubmatic-offer-programmatic-130500197.html">recently partnered with <strong>PubMatic</strong></a> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pubm-stock-quote/"><strong>PUBM</strong></a></span>) to offer video ads. Buy RBLX stock as it builds towards its goal of 1 billion DAUs.</p>



<h2>e.l.f. Beauty (ELF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/teens-selfie-shopping-300x169.jpg" alt="Image of teen girls taking a selfie on a shopping trip."><div>Source: Studio Lucky/Shutterstock.com</div></div><p><strong>e.l.f. Beauty</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/elf-stock-quote/"><strong>ELF</strong></a></span>) is disrupting the cosmetics industry and taking share as it does so. Its core value proposition is offering clean, vegan and cruelty-free cosmetics at a lower price point. Indeed, while the average prices for legacy and prestige brands are $9 and $20, respectively, its products cost about $6.</p>



<p>Considering this value proposition, it&rsquo;s not surprising that it&rsquo;s a top brand among teens. According to <a href="https://www.pipersandler.com/teens">Piper Sandler&rsquo;s 47th Semi-Annual Taking Stock With Teens</a>, released on April 9, the brand is number 1. e.l.f. Beauty dominates the category and grew market share by 16 points YOY to 38%.</p>



<p>So, these market share gains have translated into impressive revenue growth numbers for the cosmetic brand. On February 6, it reported Q3 fiscal year 2024 results, delivering 85% growth. Even better, it gained 305 basis points in market share. Therefore, this was the 20th quarter in a row of revenues and market share growth.</p>



<p>Looking ahead, the company is one of the best growth stocks to buy today. Its innovative engine has produced the number one or two positioned brands across 16 categories in color cosmetics. After <strong>Ulta Beauty&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ulta-stock-quote/"><strong>ULTA</strong></a></span>) negative commentary, ELF stock declined to $170. This selloff is an opportunity as e.l.f. Beauty remains the <a href="https://youtu.be/2poereh9UYQ?si=3J9aiFoG5f8S6cu7&amp;t=239">most productive brand</a> at Ulta Beauty, <strong>Target</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/tgt-stock-quote/"><strong>TGT</strong></a></span>) and <strong>Walmart</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/wmt-stock-quote/"><strong>WMT</strong></a></span>).</p>



<h2>TransMedics (TMDX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/mpw_medicalpropertiestrust1600-300x169.png" alt="Blurred hospital images, Patient bed in the hospital, Hospital cleaning, Hospital disinfection cleaning, Patient bed cleaning for emergency patients. Medical Properties Trust (MPW)"><div>Source: venusvi / Shutterstock.com</div></div><p>This game-changing medical equipment company is revolutionizing the organ transplant market. <strong>TransMedics</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tmdx-stock-quote/"><strong>TMDX</strong></a></span>) Organ Care System is a portable organ perfusion system that the Food and Drug Administration (<strong>FDA</strong>) <a href="https://www.fiercebiotech.com/medtech/transmedics-locks-2nd-fda-approval-a-month-nod-for-donor-liver-preservation-system">approved in 2021</a>. The system replicates the physiologic conditions for donor organs outside the human body and is approved for lungs, hearts and livers.</p>



<p>Its National OCS Program (<strong>NOP</strong>) comprises approximately 200 surgical and clinical personnel in hubs in the U.S., supporting access and delivery of donor organs. Furthermore, the company has built a dedicated fleet of modern jets to ease access to distant donors. Notably, most transplant centers are opting for the service instead of their teams due to better clinical outcomes and lower costs.</p>



<p>Because of the company&rsquo;s technology, there was a 12% increase in heart and liver transplantation last year. For instance, Tufts Medical Center <a href="https://www.boston.com/news/health/2024/01/11/tufts-medical-center-heart-transplants-record/">performed a record 61 adult heart transplants in 2023</a>, attributing the success to TransMedics. As a result, revenues are soaring and 2024 could be another year of outperformance.</p>



<p>In 2023, revenues were $241.6 million, representing 159% growth from 2022. Q4 2023 was the eighth quarter of sequential growth. Management&rsquo;s outlook of $360 million to $370 million for 2024 predicts 49% to 53% growth. At this growth rate, TMDX stock is one of the best growth stocks to buy.</p>



<p><em>On the date of publication, Charles Munyi had long positions in ELF and TMDX but did not hold (either directly or indirectly) any positions in other securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.</p></div><h3>More From InvestorPlace</h3>
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<p>Though artificial intelligence (<span>AI</span>) continues to captivate the tech world, you can&rsquo;t ignore the top metaverse stocks to buy. AI essentially picked up the baton from the metaverse and is now the leading tech frontier. Nonetheless, the metaverse cannot be taken lightly as we advance into a future where virtual experiences and real life are becoming more entwined.</p>



<p>Furthermore, industry forecasts predict the metaverse market to be worth trillions by the end of the current decade. As technology evolves, the metaverse will offer even more refined and immersive experiences, making it a key area for investors looking to tap into the next wave of technological integration and innovation. With that said, here are three of the best stocks to capitalize on the metaverse boom.</p>



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/meta1600-300x169.png" alt="Meta Written On The Googles - Man Wearing Virtual Reality Goggles Inside A Metaverse. FTC investigating META."><div>Source: Aleem Zahid Khan / Shutterstock.com</div></div><p>You&rsquo;d be remiss if you left out<strong>&nbsp;Meta Platforms&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/" target="_blank"><strong>META</strong></a>) from metaverse stocks to buy list. The company is at the forefront of the metaverse revolution, <a href="https://www.statista.com/chart/29236/operating-loss-of-metas-reality-labs-division/">pumping billions</a> into the project through its Reality Labs division, which focuses on VR technology and software. Though the metaverse&rsquo;s trajectory has been far from ideal, its massive long-term potential makes Meta an attractive bet in the niche.</p>



<p>With the massive success of Meta&rsquo;s &lsquo;Year of Efficiency&rsquo; and its AI initiatives, it has the impetus to continue funding its lucrative metaverse endeavors. Its commitment to the sector is unmatched, as it funnels billions into commercializing the metaverse. Hence, if the metaverse evolves into the behemoth most experts expect it to become, Meta stands to gain the most. Moreover, the metaverse is just one aspect of Meta&rsquo;s incredible growth story, which has been on full display for the past couple of years.</p>



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



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/unity_u_stock_1600-300x169.png" alt="In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen."><div>Source: viewimage / Shutterstock.com</div></div><p><strong>Unity Software&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/u-stock-quote/" target="_blank"><strong>U</strong></a>) is another leading player in the metaverse evolution, having honed its powerful graphics for almost 20 years. Not only does it cater to gaming, but its role in powering virtual and augmented reality experiences positions it as a top metaverse stock. Moreover, it continues to expand its scope, spreading its tentacles into sectors such as architecture, design and other areas, facilitating the detailed, interactive environments that define the metaverse.&nbsp;</p>



<p>Despite the current challenges, including a slowdown in the gaming industry, Unity&rsquo;s trajectory remains positive. The company has grown its top-line at an impressive pace over the years, <a href="https://seekingalpha.com/symbol/U/growth">with a five-year revenue growth rate of 38%</a>. With its role in powering multiple emerging technologies, expect it to continue growing its sales by double-digit margins for the foreseeable future. Also, with a renewed focus on cost efficiency, the company is strategically positioned to leverage the growing demand for metaverse technologies, making it a compelling choice for investors.</p>



<h2>Roblox (RBLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rblx1600-300x169.jpg" alt="Roblox Stock IPO"><div>Source: Miguel Lagoa / Shutterstock.com</div></div><p><strong>Roblox&nbsp;</strong>(NYSE:<a href="https://investorplace.com/stock-quotes/rblx-stock-quote/"><strong>RBLX</strong></a>)&nbsp;is one of the innovators in the metaverse sector, captivating its powerful user base with its build-it-yourself gaming platform. Its robust platform witnessed massive growth during the pandemic, and though it stumbled with tough comps post-pandemic, it&rsquo;s now back where it belongs.</p>



<p>The company demonstrated stellar financial performance last year, with a 26% jump in sales, coupled with <a href="https://ir.roblox.com/news/news-details/2024/Roblox-Reports-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">bookings climbing to $3.5 billion</a>, a 23% rise year-over-year (YOY). Moreover, it continues to attract a healthy number of daily active users, which reached 68.4 million, a 22% bump from the previous year.</p>



<p>Furthermore, the company wants to integrate AI to enhance its platform with tools like the Roblox Assistant, enabling users to generate content through natural language prompts. Additionally, it&rsquo;s looking to optimize its operations through AI while aggressively expanding its advertising capabilities, partnering with <strong>PubMatic</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pubm-stock-quote/"><strong>PUBM</strong></a></span>) to integrate video ads. Consequently, Wall-Street expects <a href="https://www.tipranks.com/stocks/rblx/forecast">a sizeable 36% bump</a> in its value from current prices, signaling stellar growth prospects ahead.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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AMZN

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