Global X S&P 500 Quality Dividend ETF (ARCA: QDIV)

Global X S&P 500 Quality Dividend ETF (ARCA:QDIV), Trade Ideas

Global X S&P 500 Quality Dividend ETF

Long Ideas

Broad U.S. Equity ETFs

Dividends

Trading Ideas

ETFs

QDIV

Quality Reigns In This Dividend ETF

News

Don&#39;t Forget About This Dividend ETF

Wedbush analyst Michael Pachter reiterates Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $23 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Outperform on Cinemark Hldgs, Maintains $23 Price Target

WIIM

Tyler Technologies shares are trading higher after the company reported better-than-expected Q1 EPS and sales. Additionally, the company provided upbeat guidance for FY24.

Wells Fargo analyst Ike Boruchow maintains Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) with a Overweight and lowers the price target from $19 to $17.

Wells Fargo Maintains Overweight on Amer Sports, Lowers Price Target to $17

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates Stock Yards Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYBT#NASDAQ">SYBT</a>) with a Market Perform and raises the price target from $53 to $54.

SYBT

Keefe, Bruyette & Woods Reiterates Market Perform on Stock Yards Bancorp, Raises Price Target to $54

Wedbush analyst Michael Pachter reiterates FuboTV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) with a Outperform and maintains $5 price target.

FUBO

Wedbush Reiterates Outperform on FuboTV, Maintains $5 Price Target

European and US futures are trading lower on the second last day of the week as traders and investors digest the current earnings&rsquo; season while keeping a close eye on the economic data, which is very much not going to shape the monetary policy of central banks, but it could also provide a massive tailwind for the equity markets in the US and in Europe, which they desperately need.
Earlier today, in Europe, we had a mixed bag of earnings from a number of major players. Deutsche Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) and Barclays (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) produced decent earnings numbers. For instance, Barclays, first quarter net income was 1.55 billion pounds, which was way ahead of expectations. Similarly, Deutsche Bank also reported 1.275 billion euros of profit, which is a 10% annual increase. However, both banks failed to impress investors, and their stocks traded in negative territory during the early morning&rsquo;s price action.
Neste, another major player in the consumer sector, also failed to impress markets as it reported a 5.9% fall in sales for the quarter to 22.1 bullion Swiss francs, and most of the drag came from North American markets. However, as always, the shining spot for the company was its organic sales growth&mdash;a trend that many consumers are favouring despite higher inflation pressure, which has already squeezed their disposable income. The company did assure investors that its strategies to promote organic products are still very much in play, and they are expecting another 4% growth, which should help its overall operating profit margin. The stock traded over 4% during the early morning&rsquo;s price action.
While earnings are in focus, investors are paying attention to the big potential M&amp;A news that has given a massive lift to the Anglo American company, which has received a takeover bid from BHP Group. BHP has valued the company at 31.1 billion pounds, and the share price has surged by over 13%. In a time like this, the initial surge is usually only the beginning of a larger rally. If the deal goes through, this BHP Group would become the biggest player in the copper mining playfield, which is already attracting a lot of attention among investors.
Over in the US, the focus will be on the tech sector, as Meta (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) failed to impress investors and its shares tanked, which made Meta lose its market cap by nearly $200 billion. The issue with the company is its big dive into the metaverse and also its headsets, which continue to become less popular than many initially thought. Perhaps the issue here is not the concept but the slow adoption of the technology. But if you look at the earnings on its face value, things were no short of good surprises, as the company not only produced stellar numbers for its profit but also healthy revenue for the first quarter. The core business for Meta still continues to be its advertising, where 98% of its revenue comes from. The company continues to show progress here, and the fact that it has increased its CAPEX means that Zuckerberg has something up his sleeves that he is working on.
Moving away from all of this, the main factor to focus on today is the US GDP data, which is going to either firm up the narrative that the Fed already has or make the Fed think again about their monetary policy. Looking at the recent PMI numbers and other economic indicators, no one is expecting the GDP number to fall off the cliff&mdash;what we need is just about the right number that matches expectations, and the Fed will be more than happy to drum the same beat. The Dow Jones index posted three consecutive weeks of losses; however, this week the index is set to close higher, but by only a small margin. If the sentiment becomes adverse, the current bounce in the price action of the Dow Jones will be nothing more than a dead cat bounce, which means that the index is likely to move lower and could easily test the levels that are shown on the chart. The support level is already tested by the market, and another test could either make a double bottom, which would mean that the only potential way for the price action would be to the upside. However, on the flip side, a break in this zone would open the floor for a much deeper correction for the price action, which could actually last all summer.
<img alt="dow_jones_-_benzinga_25-04.png" src="https://www.benzinga.com/files/u1724330/dow_jones_-_benzinga_25-04.png" style="height:609px; width:624px" />
<a href="https://www.xtb.com/int/education/dow-jones-trading-how-to-invest-in-the-us30-index">US 30 chart by XTB</a>
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Earnings

Markets

Markets Today: Earnings Are Failing To Impress Traders, Dow Jones Flirting With Critical Levels

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) with a Market Perform and lowers the price target from $21 to $20.

SFNC

Keefe, Bruyette & Woods Maintains Market Perform on Simmons First Ntl, Lowers Price Target to $20

<a href="https://www.reuters.com/business/autos-transportation/three-stellantis-plants-halted-due-strike-contractor-2024-04-25/">https://www.reuters.com/business/autos-transportation/three-stellantis-plants-halted-due-strike-contractor-2024-04-25/</a>
Production at three Stellantis assembly plants in Europe has been stopped for several days due to a strike at a plant run by supplier MA France, a spokesperson told Reuters.
"Three sites have seen a production halt since the start of the week," the spokesperson said, adding two are in France (Poissy and Hordain) and one in Britain (Luton).
The Hordain plant makes vans and mini buses for Stellantis brands and also for Toyota.
MA France, a division of Italian group CLN, specialises in stamped metal parts.
CLN did not immediately respond to a request for comment.
MA France produces components on a site in the northeastern suburbs of Paris previously used by PSA until it was shut in 2014. PSA has since become Stellantis through its merger with FCA.
Workers at the plant are worried about plans to move production to Poland, said Brahim Aitathmane, head of the Force Ouvriere union at Stellantis.
Stellantis is hoping that discussions underway at the factory will allow it to resume production soon, the company spokesperson added.

STLA

Reported Earlier, 'Three Stellantis Plants In Europe Halted Due To Strike At Supplier MA France' - Reuters

Wedbush analyst Daniel Ives reiterates Alight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALIT#NYSE">ALIT</a>) with a Outperform and maintains $14 price target.

ALIT

Wedbush Reiterates Outperform on Alight, Maintains $14 Price Target

New AI capabilities in Oracle Cloud CX help marketers, sellers, and service agents, improve customer satisfaction, increase productivity, and accelerate deal cycles
MEXICO CITY, April 25, 2024 &nbsp;/PRNewswire/ -- Oracle&nbsp;CloudWorld -&nbsp;Oracle today announced new artificial intelligence (AI) capabilities within <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=1939322209&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2F&amp;a=Oracle+Fusion+Cloud+Customer+Experience+(CX)">Oracle Fusion Cloud Customer Experience (CX)</a>&nbsp;to&nbsp;help marketers, sellers, and service agents accelerate deal cycles. The new AI capabilities will help organizations generate more sales faster by automating time-consuming tasks and enabling front office professionals to more precisely target, engage, and serve buyers.
&nbsp;
"AI is continuously proving its ability to enhance user experiences and we are only beginning to see what this technology can do for customer service, sales, and marketing," said Katrina Gosek, vice president of product strategy, Oracle Cloud CX. "The new AI capabilities embedded within Oracle Cloud CX will enable organizations to enhance customer satisfaction and drive more sales by automating processes that enable marketing, sales, and service professionals to spend their quality time on more meaningful tasks while the technology is helping to engage and serve buyers in a more precise manner."
Built on Oracle Cloud Infrastructure (OCI) and leveraging its leading AI services, Oracle supports over 50 generative AI use cases that are embedded within <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=357673463&amp;u=https%3A%2F%2Fwww.oracle.com%2Fapplications%2F&amp;a=Oracle+Fusion+Cloud+Applications+Suite">Oracle Fusion Cloud Applications Suite</a>&nbsp;and designed to respect customers' enterprise data, privacy, and security. With OCI Generative AI Service, no customer data is shared with large language model (LLM) providers or seen by other customers. In addition, an individual customer is the only entity allowed to use custom models trained on its data. To further protect sensitive information, role-based security is embedded directly into Oracle Fusion Applications workflows that only recommends content that end users are entitled to view.
The new AI capabilities in Oracle Cloud CX further expand the AI capabilities within Oracle Fusion Applications, which helps organizations be more competitive, boost productivity, and reduce the cost of doing business. New AI capabilities in Oracle Cloud CX include:
<ul>
<li>Gen AI Assisted Answer Generation: Helps service agents reduce their workloads by automatically crafting contextually aware responses to customer questions. This new generative AI capability in <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=1838338013&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2Fservice%2F&amp;a=Oracle+Service">Oracle Service</a> will improve customer response times and free up service agents to focus on more complex scenarios by leveraging Oracle Digital Assistant to manage and answer customer inquiries.</li>
<li>Assisted Scheduling for Field Service: Helps field service technicians optimize their schedules by automatically recommending relevant jobs by considering key identifiers such as availability, location, skills, billing status, and more. This new capability in Oracle Service leverages AI to improve service productivity and overall customer satisfaction by automatically recommending jobs based on the estimated job duration and travel time.</li>
<li>Opportunity Identification: Helps marketers and sellers generate more B2B deals and grow account-based revenue by helping to identify the right contacts at target accounts in order to improve effective cross-sell and upsell motions. The new AI models within <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=1764748714&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2Fcustomer-data-platform%2F&amp;a=Oracle+Unity+CDP">Oracle Unity CDP</a> provide look-alike modeling for contacts, job title normalization, and topic interest mapping, which help predictively identify and label the right members of a buying group to drive activation and more relevant sales engagement.</li>
<li>Gen AI Assisted Authoring for Marketing and Sales: Helps marketers and sellers quickly create compelling content to better engage buyers and accelerate deal cycles. The new generative AI capabilities in <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=1920075084&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2Fmarketing%2F&amp;a=Oracle+Marketing">Oracle Marketing</a> and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=2697985760&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2Fsales%2F&amp;a=Oracle+Sales">Oracle Sales</a> help increase buyer engagement by producing targeted content for marketing and sales collateral, such as recommended copy for emails and landing pages.</li>
<li>Seller Engagement Recommendations: Helps sellers increase buyer engagement and accelerate purchase decisions. The new AI capabilities within Oracle Sales enable sellers to generate more deals by delivering highly targeted recommendations on specific products to offer, insights on the buyers' role and engagement level, and additional contacts for key opportunities.</li>
</ul>
"Service resources are finite so it is critical that organizations can predict, plan, and proactively activate the parts of service that can be automated. This would also free up time to be spent on more complex and business-critical tasks that only a human can complete," said Aly Pinder, research vice president, IDC. "The latest updates to Oracle Service are good examples of how AI and machine learning models can improve customer experiences and create the efficiencies needed for service workers to be more productive."
Part of Oracle Fusion Applications, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=830948402&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2F&amp;a=Oracle+Cloud+CX">Oracle Cloud CX</a>&nbsp;helps organizations connect data and workflows across marketing, sales, and service to make every customer interaction matter. To learn how Oracle Cloud CX can help your organization improve the customer experience and build brand loyalty, please visit: <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150576-1&amp;h=185374333&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcx%2F&amp;a=oracle.com%2Fcx">oracle.com/cx</a>

ORCL

Oracle Introduces New AI Capabilities Within Oracle Fusion Cloud Customer Experience (CX) To Help Marketers, Sellers, And Service Agents Accelerate Deal Cycles

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Market Perform and raises the price target from $72 to $74.

SEIC

Keefe, Bruyette & Woods Reiterates Market Perform on SEI Inv, Raises Price Target to $74

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Market Perform and lowers the price target from $132 to $131.

Keefe, Bruyette & Woods Maintains Market Perform on Raymond James Finl, Lowers Price Target to $131

Canadian cannabis company Adastra Holdings Ltd. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/XTRX#CSE">XTRX</a>)(FRA:D2EP) (OTCPK:XTXXF) its financial results reported Tuesday for the fourth quarter and the year ended Dec. 31, 2023.
For the fourth quarter of 2024, the British Columbia-based cannabis concentrates producer reported gross revenue of CA$9.1 million ($6.7 million), compared to CA$6.8 million in the same period of 2022.
&#8220;During 2023, Adastra experienced significant sales growth of $37.7 million, representing a 108% increase compared to the same period last year, and marking our third consecutive year of achieving record revenue," stated Lachlan McLeod, interim CEO of Adastra. "The increased demand for our in-house brand, Endgame Extracts, has been a key driver behind this success, evident in our continued success with numerous best-selling SKUs in B.C, Alberta, and Ontario according to Headset.&#8221;
<h2 class="wp-block-heading">Fiscal Year 2023 Summary&nbsp;</h2>
<ul>
<li>Net revenue amounted to CA$22.2 million, up 67% from CA$13.3 million in 2022.</li>
<li>Record gross profit of CA$7.6 million for 2023, representing&nbsp;a 24% increase compared to CA6.1 million in 2022.</li>
<li>Net loss was CA$3.54 million, up&nbsp;by&nbsp;17% from the previous year.</li>
<li>Loss from operations of CA$1.8 million, compared to CA$800,000 for 2022, an increase of 124% due to the&nbsp;company&#8217;s&nbsp;increased spending on marketing initiatives to increase brand awareness of the suite of products under the Endgame Extracts brand.</li>
<li>Record cash provided by operating activities of CA$1.9 million compared to CA$900,000 in 2022 as the company closely managed cash flows during the year.</li>
<li>As of Dec. 31, 2023, Adastra had a working capital deficiency of around CA$6 million and a deficit of CA$21.7 million.</li>
</ul>
<h2 class="wp-block-heading">Q4 2023 Financial Takeaways</h2>
<ul>
<li>Gross revenues of CA$9.1 million in Q4 2023, compared to CA$6.8&nbsp;million in the fourth quarter of 2022, representing an increase of&nbsp;34%,&nbsp;due to an increase in throughput of the Langley Facility and increased deliveries to provincial distributors.</li>
<li>Net loss and comprehensive loss of CA$1.5 million during, compared to CA$2.6 million during the third quarter of 2023, a decrease of 43% quarter over quarter.</li>
</ul>
&#8220;Looking ahead to 2024, we expect to continue&nbsp;this momentum and have already set new records, including receiving a&nbsp;record&nbsp;single purchase order of $1 million in March 2024,"&nbsp;McLeod added.&nbsp;"Moreover,&nbsp;we&#8217;re&nbsp;committed to a renewed focus on cost-saving measures&nbsp;aimed at ensuring&nbsp;profitability. As we continue to grow, we aim&nbsp;to further strengthen our financial position&nbsp;and drive sustainable success.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/04/38291847/no-cannabis-tax-relief-in-canada-tilray-ceo-says-this-hinders-our-ability-to-compete-with-the-il" target="_blank" rel="noreferrer noopener">No Cannabis Tax Relief In Canada, Tilray CEO Says This&nbsp;&#8216;Hinders Our Ability To Compete With The Illicit Market&#8217;</a>
Photo: Courtesy of iQoncept via Shutterstock

Cannabis

CSE:XTRX

XTXXF

Canadian Cannabis Concentrates Producer, Adastra, Reports Third Year Of Record Revenue, But Also Higher Losses

U.S. stocks traded lower this morning, with the Dow Jones index tumbling by more than 500 points on Thursday.
Following the market opening Thursday, the Dow traded down 1.42% to 37,915.92 while the NASDAQ fell 2.16% to 15,374.09. The S&amp;P 500 also fell, dropping, 1.37% to 5,002.04.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38428592/how-to-earn-500-a-month-from-t-mobile-us-stock-ahead-of-q1-earnings-report">How To Earn $500 A Month From T-Mobile US Stock Ahead Of Q1 Earnings Report</a>
Leading and Lagging Sectors Consumer staples shares climbed by 0.3% on Thursday.
In trading on Thursday, communication services shares fell by 6.3%.
Top Headline
The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023. However, analysts were expecting a 2.5% growth.
Equities Trading UP                       
<ul>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares shot up 70% to $0.2453. Safe &amp; Green Holdings said it has entered into an agreement to produce 4 modular electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market.</li>
<li>Shares of Barfresh Food Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRFH#NASDAQ">BRFH</a>) got a boost, surging 68% to $1.85.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) shares were also up, gaining 49% to $2.4201 after HC Wainwright &amp; Co initiated coverage on the stock with a Buy rating and announced an $8 price target.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Hanryu Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) shares dropped 37% to $0.3330. Hanryu Holdings received delinquency notice from the Nasdaq for late annual report filing.</li>
<li>Shares of Huize Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) were down 25% to $0.4697.</li>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) was down, falling 28% to $0.3047. Chicken Soup For The Soul Entertainment received delinquency letter from the Nasdaq.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38429948/meta-platforms-to-rally-around-14-here-are-10-top-analyst-forecasts-for-thursday">Meta Platforms To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Thursday</a>
Commodities In commodity news, oil traded up 0.4% to $83.13 while gold traded up 0.1% at $2,341.60.
Silver traded up 0.4% to $27.45 on Thursday, while copper rose 2.6% to $4.5745.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.3%, London's FTSE 100 rose 0.7% while Spain's IBEX 35 Index rose 0.3% The German DAX fell 0.5% French CAC 40 fell 0.8% while Italy's FTSE MIB Index fell 0.2%.
Producer prices in Spain fell 8.2% year-over-year in March compared to a revised 8.5% decline in February. The GfK Consumer Climate Indicator for Germany climbed to -24.2 heading into May versus a revised reading of -27.3 in the prior period. UK's car production fell 27.1% to 59,467 units for March.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 falling 2.16%, Hong Kong's Hang Seng Index gaining 0.48%, China's Shanghai Composite climbing 0.27% and India's S&amp;P BSE Sensex gaining 0.66%.
Hong Kong's trade deficit increased to $45.0 billion in March from $40.6 billion in the year-ago month. The index of leading economic indicators in Japan came in unchanged at 111.8 in February, while index of coincident economic indicators was revised higher to 111.6 in February versus a flash reading of 110.9.
Economics
<ul>
<li>U.S. initial jobless claims declined by 5,000 to 207,000 in the week ending April 20, compared to market estimates of 214,000.</li>
<li>The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023. However, analysts were expecting a 2.5% growth.</li>
<li>U.S. wholesale inventories fell by 0.4% month-over-month in March compared to a revised 0.4% gain in February.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/24/04/38429015/jim-cramer-youre-dice-rolling-with-this-biopharma-stock-but-vista-energy-is-a-good-situation"> Jim Cramer: You&#8217;re &#8216;Dice Rolling&#8217; With This Biopharma Stock, But Vista Energy Is &#8216;A Good Situation</a>

Eurozone

Commodities

Intraday Update

BRFH

CSSE

HRYU

HUIZ

PCSA

SGBX

Dow Dips Over 500 Points; US GDP Growth Misses Expectations

Thursday,&nbsp;Sanofi SA&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>)&nbsp;<a target="_blank" href="https://www.sanofi.com/en/investors/financial-results-and-events/financial-results/q1-results-2024" rel="noreferrer noopener">reported</a>&nbsp;first-quarter operating income of 2.8 billion euros, down 14.7% Y/Y and 4.2% on constant currency.
The French drugmaker reported adjusted EPS of $0.97&nbsp;(1.78 euros), beating the consensus estimate of $0.94.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38091091/in-heart-burn-drug-zantacs-litigation-saga-sanofi-nears-settlement-in-major-lawsuit-cluster" rel="noreferrer noopener">In Heart Burn Drug Zantac&#8217;s Litigation Saga, Sanofi Nears Settlement in Major Lawsuit Cluster</a>.
The company reported first-quarter sales of $11.36 billion (10.5 billion euros), beating the consensus of $11.04 billion.
Research and Development expenses increased by 10.0% to 1.7 billion euros. At CER, R&amp;D expenses increased by 11.8%, reflecting increased expenses in Vaccines (mRNA) and Pharma (pipeline acceleration).
The strong performance of Dupixent, Pharma launches, and Beyfortus late-season deliveries was partially offset by the impact of generic competition on Aubagio&nbsp;as well as&nbsp;lower sales of Lantus.
First-quarter sales of eczema and asthma drug Dupixent jumped a currency-adjusted 24.9% to 2.84 billion euros.
Pharma launches up 90.5% to 606 million euros, led by Nexviazyme and ALTUVIIIO.
Vaccine sales increased by 5.6% to 1.2 billion euros, driven by strong Beyfortus (RSV vaccine) uptake partly offset by the absence of COVID-19 vaccine&nbsp;sales this quarter compared to 167 million euros in Q1 2023
Guidance:&nbsp;For 2024, Sanofi reiterates a low single-digit business EPS decline.
The company expects Dupixent to&nbsp;<a target="_blank" href="https://www.sanofi.com/assets/dotcom/content-app/events/quaterly-results/2024/2024-q1-2024-results/q1-2024-presentation-en.pdf" rel="noreferrer noopener">deliver</a>&nbsp;around €13 billion in 2024 sales.
Vaccine sales&nbsp;are expected&nbsp;to grow mid-single-digit in 2024.
Sanofi shares an ambition to reach blockbuster status (sales over $1 billion) for its Beyfortus vaccine.
Beyfortus sales reached&nbsp;182 million euros, reflecting late deliveries in the US and&nbsp;the new&nbsp;implementation of &#8220;All Infant Protection&#8221; programs in Chile and Australia. No Beyfortus sales&nbsp;are expected&nbsp;in Q2 2024 due to the early delivery in Q1 and the specific seasonality.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38299995/amgenastrazenecas-asthma-drug-tezspire-vs-sanofiregenerons-blockbuster-dupixent-ana" rel="noreferrer noopener">Amgen/AstraZeneca&#8217;s Asthma Drug Tezspire Vs. Sanofi/Regeneron&#8217;s Blockbuster Dupixent &#8211; Analyst Gives His Pick</a>.
Price Action: SNY shares are up 5.40% at $49.13 at the last check Thursday.
Image by HJBC via Shutterstock

Biotech

Large Cap

Guidance

Health Care

Movers

General

Drugmaker Sanofi's Strong Dupixent And Beyfortus Vaccine Sales Propel Q1 Earnings

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) with a Market Perform and raises the price target from $20 to $22.

Keefe, Bruyette & Woods Reiterates Market Perform on RBB Bancorp, Raises Price Target to $22

Amkor Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NYSE">AMKR</a>) short percent of float has fallen 8.02% since its last report. The company recently reported that it has 3.11 million shares sold short, which is 4.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Amkor Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714052723_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Amkor Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Amkor Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Amkor Tech's peer group average for short interest as a percentage of float is 7.00%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

AMKR

Peering Into Amkor Tech's Recent Short Interest

Moderna's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NYSE">MRNA</a>) short percent of float has fallen 3.53% since its last report. The company recently reported that it has 21.44 million shares sold short, which is 7.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Moderna Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714052717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Moderna has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Moderna's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Moderna's peer group average for short interest as a percentage of float is 5.01%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

MRNA

How Is The Market Feeling About Moderna?

BigBear.ai Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) short percent of float has risen 19.54% since its last report. The company recently reported that it has 16.93 million shares sold short, which is 12.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>BigBear.ai Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714052712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for BigBear.ai Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing BigBear.ai Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, BigBear.ai Hldgs's peer group average for short interest as a percentage of float is 3.31%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BBAI

Looking Into BigBear.ai Hldgs's Recent Short Interest

CLSK

COIN

MSTR

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