QS Energy Stock (OTC:QSEP), Trade Ideas

QS Energy Inc develops and commercializes energy efficiency technologies that assist in increased global energy demands, improvement in the economics of oil extraction and transport, and reduction of greenhouse gas emissions. Its primary technology is Applied Oil Technology (AOT), which is a commercial-grade crude oil pipeline transportation flow assurance product. The company's oil and gas market is segmented into three primary categories namely Upstream Producers, Midstream Transporters, and Downstream Refiners. The Upstream segment is involved in the exploration and production of oil and gas. The Midstream companies transport oil and gas to markets via pipelines, rail, and shipping and provide storage in the field and the Downstream sector refines oil and gas into finished products.

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QSEP

On Tuesday, shares of Qs Energy Inc (OTC: QSEP) experienced volatile short activity. After the activity, the stock price went down -18.06% to $0.0549.

The overall sentiment for QSEP has been Bearish.

Short Volatility Alert: Qs Energy Inc

QS Energy Inc

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Health Care

General

PRGO

Perrigo Reaffirms 2024 Organic Net Sales Growth Of 1.0%-3.0% Compared To The Prior Year

Disney+ Core subscribers increased by more than 6 million in the second quarter, and Disney+ Core ARPU increased sequentially by 44 cents.

Disney+ Q2 Core Subs +6M, Core ARPU +$0.44

Needham analyst Quinn Bolton reiterates SMART Glb Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGH#NASDAQ">SGH</a>) with a Buy and maintains $27 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on SMART Glb Hldgs, Maintains $27 Price Target

PINC

Premier Executed $400M  Accelerated Share Repurchase Transaction During Q3, Which Will Be Fully Settled By Q1 Fiscal 2025

Perrigo Reaffirms 2024 Adjusted EPS Guidance Of $2.50-$2.65 Versus Consensus Of $2.57

Key Points:
<ul>
<li>In the second fiscal quarter of 2024, we achieved strong double digit percentage growth in adjusted EPS(1), and met or exceeded our financial guidance for the quarter.</li>
<li>As a result of outperformance in the second quarter, our new full year adjusted EPS(1) growth target is now 25%.</li>
<li>We remain on track to generate approximately $14 billion of cash provided by operations and over $8 billion of free cash flow(1) this fiscal year.</li>
<li>We repurchased $1 billion worth of shares in the second quarter and look forward to continuing to return capital to shareholders.</li>
<li>The Entertainment Direct-to-Consumer business was profitable in the second quarter. While we are expecting softer Entertainment DTC results in Q3 to be driven by Disney+ Hotstar, we continue to expect our combined streaming businesses to be profitable in the fourth quarter, and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025.</li>
<li>Disney+ Core subscribers increased by more than 6 million in the second quarter, and Disney+ Core ARPU increased sequentially by 44 cents.</li>
<li>Sports operating income declined slightly versus the prior year, reflecting the timing impact of College Football Playoff games at ESPN, offset by improved results at Star India.</li>
<li>The Experiences business was also a growth driver in the second quarter, with revenue growth of 10%, segment operating income growth of 12%, and margin expansion of 60 basis points versus the prior year. Although the third quarter&#39;s segment operating income is expected to come in roughly comparable to the prior year, we continue to expect robust operating income growth at Experiences for the full year.</li>
</ul>

Disney Raises FY24 Adj. EPS Growth Target To 25%

Acushnet Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLF#NYSE">GOLF</a>) reported quarterly earnings of $1.35 per share which beat the analyst consensus estimate of $1.27 by 6.3 percent. This is a 0.74 percent decrease over earnings of $1.36 per share from the same period last year. The company reported quarterly sales of $707.554 million which beat the analyst consensus estimate of $689.057 million by 2.68 percent. This is a 3.10 percent increase over sales of $686.290 million the same period last year.

Earnings Beats

GOLF

Acushnet Hldgs Q1 2024 GAAP EPS $1.35 Beats $1.27 Estimate, Sales $707.554M Beat $689.057M Estimate

Earnings Misses

Perrigo Q1 2024 Adj EPS $0.29 Beats $0.23 Estimate, Sales $1.082B Miss $1.093B Estimate

Premier (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PINC#NASDAQ">PINC</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.48 by 14.58 percent. This is a 5.17 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $342.60 million which beat the analyst consensus estimate of $318.51 million by 7.56 percent. This is a 6.32 percent increase over sales of $322.23 million the same period last year.

Premier Q3 Adj $0.55 Beats $0.48 Estimate, Sales $342.60M Beat $318.51M Estimate

ARMK

Aramark Sees FY24 Revenue Growth Of 9%; Adjusted EPS Growth Of 30% - 35%

Although U.S. stocks closed higher on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Herbalife</h3>
<ul>
<li>The Trade: Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) Director Donal L Mulligan <a href="https://www.benzinga.com/quote/HTLD/analyst-ratings">acquired a total of 45,657 shares</a> at an average price of $9.65. To acquire these shares, it cost around $289,500.</li>
<li>What's Happening: On May 1, Herbalife Nutrition reported better-than-expected first-quarter adjusted EPS.</li>
<li>What Herbalife Does: Herbalife Ltd is an international nutrition company that provides health and wellness products to consumers in 95 markets, which consist of countries and territories, through their direct-selling business model.</li>
</ul>
<h3 class="wp-block-heading">Macerich</h3>
<ul>
<li>The Trade: The Macerich Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>) President and CEO Jackson Hsieh acquired a total of 140,000 shares at an average price of $14.26. To acquire these shares, it cost around $2 million.</li>
<li>What's Happening: On April 30, Macerich posted better-than-expected first-quarter sales.</li>
<li>What Macerich Does: The Macerich Company is an S&amp;P 500 company that invests in premium mall assets.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<h3 class="wp-block-heading">AMREP</h3>
<ul>
<li>The Trade: AMREP Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXR#NYSE">AXR</a>) 10% owner Rainey E. Lancaster <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,000 shares</a> at an average price of $20.95. To acquire these shares, it cost around $209,500.</li>
<li>What's Happening: On March 8, AMREP reported earnings of 2 cents per share for its 2024 fiscal third quarter, versus year-ago earnings of $3.12 per share.</li>
<li>What AMREP Does: Amrep Corp through its subsidiaries is engaged in the Real estate business.</li>
</ul>
<h3 class="wp-block-heading">Sensata Technologies</h3>
<ul>
<li>The Trade: Sensata Technologies Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) Director Ali John Mirshekari <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 268,310 shares</a> at an average price of $39.64. The insider spent around $10.64 million to buy those shares.</li>
<li>What's Happening: On April 29, Sensata Technologies reported better-than-expected first-quarter financial results.</li>
<li>What Sensata Technologies Does: Sensata Technologies is a global supplier of sensors for transportation and industrial applications.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38661451/disney-electronic-arts-and-3-stocks-to-watch-heading-into-tuesday">Disney, Electronic Arts And 3 Stocks To Watch Heading Into Tuesday</a>

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Markets

Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying

Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.10 by 10 percent. This is a 30.11 percent increase over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $22.080 billion which missed the analyst consensus estimate of $22.120 billion by 0.18 percent. This is a 1.21 percent increase over sales of $21.815 billion the same period last year.

Walt Disney Q2 2024 Adj EPS $1.21 Beats $1.10 Estimate, Sales $22.080B Miss $22.120B Estimate

Vivid Seats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEAT#NASDAQ">SEAT</a>) reported quarterly sales of $190.852 million which beat the analyst consensus estimate of $181.668 million by 5.06 percent. This is a 18.50 percent increase over sales of $161.063 million the same period last year.

SEAT

Vivid Seats Q1 Sales $190.852M Beat $181.668M Estimate, Net Income of $10.7M, Down 65% YoY

Enpro Reaffirms FY24 Revenue Growth In Low To Mid-Single Digit Range

2024 Guidance reiterated: Management believes current estimates are still valid and represent evenly balanced risks and opportunities for full-year operations. Commercial Aviation deliveries between 72 and 80 aircraft, and Executive Aviation deliveries between 125 and 135. Total company revenues in the US$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow of US$220 million or higher

Embraer-Empresa Brasileira De Aeronautica

Embraer Reiterates 2024 Guidance: Expects Revenues In The $6B-6.4B Vs. $6.283B Consensus; Sees Commercial Aviation Deliveries Of 72-80 Aircraft, And Executive Aviation Of 125-135

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Buy and maintains $190 price target.

AXSM

HC Wainwright & Co. Reiterates Buy on Axsome Therapeutics, Maintains $190 Price Target

Coty Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) shares are trading higher after the company reported third-quarter FY24 sales growth of 8% year-on-year to $1.386 billion,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38654094/coty-reports-strong-results-ahead-of-beauty-market-with-double-digit-growth-fytd" rel="noreferrer noopener">&nbsp;beating the analyst consensus estimate of $1.371 billion.</a>
The sales increase was supported by high-single-digit percentage growth in all regions. LFL revenue increased 10%, supported by growth in fragrances, color cosmetics, skin care and body care. Prestige net revenues increased 8% and that of Consumer Beauty gained 6%.
Revenue in the Americas rose 8% Y/Y, and EMEA increased 7%. Gross margin expanded 190 basis points Y/Y to 64.8%, and the gross profit increased 10.7% to $897.8 million.
Adjusted operating margin was 10.4%, and the adjusted operating income increased 17.3% to $143.9 million. Adjusted EBITDA of $199.9 million climbed 10% Y/Y, resulting in an adjusted EBITDA margin of 14.4%.
Coty&#8217;s&nbsp;e-commerce channel net revenue growth was nearly 20% in the third quarter. Adjusted EPS was $0.05,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus estimate of $0.06.</a>
Operating cash flow for the quarter totaled $(170) million, with a free cash flow of $(234.3) million. The company held $286.2 million in cash and equivalents as of March-end.
The&nbsp;company&#8217;s&nbsp;financial net debt&nbsp;as&nbsp;of March-end,&nbsp;totaled $3.71 billion compared to $3.31 billion on December-end.
&#8220;Our Q3 results reinforce&nbsp;Coty&#8217;s&nbsp;established track record of delivering results ahead of the beauty market and ahead of expectations, and once again illustrate that we are executing on our imperative to drive balanced portfolio growth,"&nbsp;said CEO Sue Nabi.
Outlook: Coty expects FY24 LFL revenue growth to be at the high end of its prior guidance range of +9% &#8211; 11%, which includes expectations for low-to-mid single-digit percentage LFL revenue growth in the fourth quarter.
The company still sees FY24 adjusted EBITDA of $1.08 billion &#8211; $1.09 billion. Coty sees FY24 adjusted EPS to be at the higher end of <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">$0.44-$0.47, with an estimate of $0.45.</a>
Price Action: COTY shares are trading higher by 3.83% at $11.94 in premarket at the last check on Tuesday.

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COTY

Why Beauty Company Coty's Shares Are Gaining Today

Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.27 by 7.41 percent. This is a 3.57 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $4.20 billion which missed the analyst consensus estimate of $4.24 billion by 0.94 percent. This is a 8.74 percent decrease over sales of $4.60 billion the same period last year.

Aramark Q2 Adj $0.29 Beats $0.27 Estimate, Sales $4.20B Miss $4.24B Estimate

EnPro Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPO#NYSE">NPO</a>) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.54 by 1.95 percent. The company reported quarterly sales of $257.500 million which missed the analyst consensus estimate of $268.900 million by 4.24 percent. This is a 8.88 percent decrease over sales of $282.600 million the same period last year.

EnPro Indus Q1 2024 Adj EPS $1.57 Beats $1.54 Estimate, Sales $257.500M Miss $268.900M Estimate

MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) reported quarterly earnings of $1.92 per share which beat the analyst consensus estimate of $1.87 by 2.67 percent. The company reported quarterly sales of $210.300 million which missed the analyst consensus estimate of $212.657 million by 1.11 percent. This is a 3.51 percent increase over sales of $203.169 million the same period last year.