REV Group Stock (NYSE:REVG), Trade Ideas

REV Group

REV Group Inc is a United States-based designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. It provides customized vehicle solutions for applications including essential needs, industrial and commercial, and consumer leisure. The operating segments of the company are Fire & Emergency, Commercial, and Recreation. The products of the company are sold to municipalities, government agencies, private contractors, consumers, and industrial and commercial end-users. It derives a majority of the revenue from the Fire and Emergency segment which includes manufacturing of fire apparatus and ambulance products. The company operates in the United States, Canada, and the rest of the world.

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REV Group reports Q1 results with 0.43% sales growth, higher net sales in Specialty Vehicles segment. Adjusted EPS increased to $0.25.

Navigating Mixed Terrain: REV Group Reports Slight Sales Growth In Q1, Adjusts Forecast Amid Market Shifts

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REV Group Inc (NYSE: REVG) surges over 7% as it unveils strategic initiatives. The sale of Collins Bus Corporation for $303.0 million and the exit from transit bus manufacturing mark significant changes. A special dividend of $3.00 per share, payable on February 16, 2024, reflects the company&#39;s commitment towards shareholders.

Specialty Vehicles Manufacturer REV Group Shares Are Surging Today: What&#39;s Going On?

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Shares of Despegar.com, Corp. (NYSE: DESP) rose sharply during Wednesday’s session after the company raised its FY23 financial guidance.

The company said it now sees revenue of $690 million to $700 million, versus previous forecast of $670 million to $700 million.

Why Despegar.com Shares Are Trading Higher By Over 16%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

REV Group Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$44.0K</td>
<td>3.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$49.9K</td>
<td>223</td>
<td>162</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$200.00</td>
<td>$32.9K</td>
<td>1.2K</td>
<td>159</td>
</tr>
<tr>
<td>ZIM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$10.00</td>
<td>$79.1K</td>
<td>4.3K</td>
<td>152</td>
</tr>
<tr>
<td>NXT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$55.00</td>
<td>$117.4K</td>
<td>1.1K</td>
<td>116</td>
</tr>
<tr>
<td>PH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$550.00</td>
<td>$36.4K</td>
<td>65</td>
<td>60</td>
</tr>
<tr>
<td>GD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$280.00</td>
<td>$33.2K</td>
<td>61</td>
<td>28</td>
</tr>
<tr>
<td>EMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$110.00</td>
<td>$26.0K</td>
<td>4.0K</td>
<td>24</td>
</tr>
<tr>
<td>SPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$37.7K</td>
<td>1</td>
<td>10</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$500.00</td>
<td>$80.0K</td>
<td>0</td>
<td>5</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 200 contract(s) at a $155.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $220.0 per contract. There were 3064 open contracts at this strike prior to today, and today 1107 contract(s) were bought and sold. 
• Regarding BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 51 contract(s) at a $180.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $49.9K, with a price of $960.0 per contract. There were 223 open contracts at this strike prior to today, and today 162 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option trade with bearish sentiment. It expires in 122 day(s) on August 16, 2024. Parties traded 70 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $32.9K, with a price of $470.0 per contract. There were 1276 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a put option sweep with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 878 contract(s) at a $10.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $79.1K, with a price of $90.0 per contract. There were 4301 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• Regarding NXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 100 contract(s) at a $55.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $117.4K, with a price of $1177.0 per contract. There were 1127 open contracts at this strike prior to today, and today 116 contract(s) were bought and sold. 
• For PH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>), we notice a put option trade that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 16 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $2280.0 per contract. There were 65 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For GD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), we notice a put option sweep that happens to be bearish, expiring in 122 day(s) on August 16, 2024. This event was a transfer of 32 contract(s) at a $280.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $1040.0 per contract. There were 61 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
• For EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we notice a call option trade that happens to be bullish, expiring in 66 day(s) on June 21, 2024. This event was a transfer of 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $520.0 per contract. There were 4071 open contracts at this strike prior to today, and today 24 contract(s) were bought and sold. 
• For SPWR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>), we notice a put option trade that happens to be bearish, expiring in 276 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $3770.0 per contract. There were 1 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For URI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), we notice a call option trade that happens to be bearish, expiring in 24 day(s) on May 10, 2024. This event was a transfer of 5 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $16000.0 per contract. There were 0 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BLDR

SPWR

10 Industrials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$56.1K</td>
<td>30.5K</td>
<td>123.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$185.00</td>
<td>$36.0K</td>
<td>9.7K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$90.00</td>
<td>$43.7K</td>
<td>10.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$34.00</td>
<td>$27.6K</td>
<td>1.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$149.00</td>
<td>$33.2K</td>
<td>93</td>
<td>1.3K</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$21.00</td>
<td>$44.2K</td>
<td>1.3K</td>
<td>368</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.00</td>
<td>$30.9K</td>
<td>3.7K</td>
<td>309</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$52.0K</td>
<td>5.2K</td>
<td>279</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$40.00</td>
<td>$28.7K</td>
<td>5.4K</td>
<td>114</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$56.8K</td>
<td>2.6K</td>
<td>55</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 215 contract(s) at a $155.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $263.0 per contract. There were 30585 open contracts at this strike prior to today, and today 123274 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on April 26, 2024. Parties traded 100 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 9774 open contracts at this strike prior to today, and today 6110 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 259 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $169.0 per contract. There were 10517 open contracts at this strike prior to today, and today 3378 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 644 contract(s) at a $34.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $43.0 per contract. There were 1939 open contracts at this strike prior to today, and today 2785 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 196 contract(s) at a $149.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $170.0 per contract. There were 93 open contracts at this strike prior to today, and today 1366 contract(s) were bought and sold. 
• Regarding GPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), we observe a put option sweep with bullish sentiment. It expires in 66 day(s) on June 21, 2024. Parties traded 202 contract(s) at a $21.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $219.0 per contract. There were 1361 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a put option trade with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $885.0 per contract. There were 3725 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a call option sweep with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $260.0 per contract. There were 5221 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option sweep that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 5425 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a call option trade with bullish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1420.0 per contract. There were 2679 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

CPNG

SBUX

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$167.50</td>
<td>$42.8K</td>
<td>19.0K</td>
<td>56.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$160.00</td>
<td>$28.9K</td>
<td>20.6K</td>
<td>26.6K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$870.00</td>
<td>$45.7K</td>
<td>6.1K</td>
<td>17.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$420.00</td>
<td>$27.7K</td>
<td>11.0K</td>
<td>7.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$950.00</td>
<td>$70.5K</td>
<td>1.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$104.6K</td>
<td>3.4K</td>
<td>1.3K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$18.00</td>
<td>$34.2K</td>
<td>4.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$147.00</td>
<td>$25.6K</td>
<td>1.7K</td>
<td>687</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.00</td>
<td>$33.0K</td>
<td>4.3K</td>
<td>605</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$71.00</td>
<td>$47.0K</td>
<td>0</td>
<td>603</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on April 19, 2024. Parties traded 317 contract(s) at a $167.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $42.8K, with a price of $136.0 per contract. There were 19028 open contracts at this strike prior to today, and today 56051 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 139 contract(s) at a $160.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $208.0 per contract. There were 20692 open contracts at this strike prior to today, and today 26647 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on April 19, 2024. Parties traded 32 contract(s) at a $870.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $1430.0 per contract. There were 6199 open contracts at this strike prior to today, and today 17888 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on April 19, 2024. Parties traded 117 contract(s) at a $420.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $237.0 per contract. There were 11072 open contracts at this strike prior to today, and today 7718 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 41 contract(s) at a $950.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $70.5K, with a price of $1700.0 per contract. There were 1165 open contracts at this strike prior to today, and today 1985 contract(s) were bought and sold. 
• For FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 534 contract(s) at a $70.00 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $104.6K, with a price of $195.0 per contract. There were 3429 open contracts at this strike prior to today, and today 1319 contract(s) were bought and sold. 
• Regarding HPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 1143 contract(s) at a $18.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $30.0 per contract. There were 4113 open contracts at this strike prior to today, and today 1262 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 118 contract(s) at a $147.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $217.0 per contract. There were 1742 open contracts at this strike prior to today, and today 687 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option sweep with bullish sentiment. It expires in 213 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $165.0 per contract. There were 4361 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• Regarding WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a call option trade with bearish sentiment. It expires in 45 day(s) on May 31, 2024. Parties traded 100 contract(s) at a $71.00 strike. The total cost received by the writing party (or parties) was $47.0K, with a price of $470.0 per contract. There were 0 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

FTNT

IREN

MSFT

NVDA

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Packing smart is your first step towards a hassle-free adventure abroad. Here's a list of ten items that should never find their way into your checked luggage. Keep these in your carry-on or leave them at home to avoid travel troubles!
1. Valuables and Important Documents
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download-1024x585.png" alt="" class="wp-image-294028" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102518/download.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Valuables and important documents in a travel bag. Image Generated Via Dall-E 3</figcaption></figure>
Never check in anything that you can&#8217;t afford to lose. This includes your passport, other identification documents, expensive jewelry, and electronic devices. These are items that, if lost, could not only disrupt your trip but could also be difficult and expensive to replace.
2. Medication
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1-1024x585.png" alt="" class="wp-image-294042" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102717/download-1.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Medicine in a bag. Image Generated Via Dall-E 3</figcaption></figure>
Always keep your essential medication with you in your carry-on bag. Checked luggage can occasionally be delayed or lost, and finding a pharmacy immediately upon arrival might not always be possible. It's especially critical if your medication regimen must be strictly followed. Another complication to consider, your prescription may not be valid abroad, and you may need to see a local doctor to regain access to the medicines you take regularly. 
3. All Your Clothes
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1-1024x585.png" alt="" class="wp-image-294051" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16102858/download-1-1.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
While it might seem convenient to pack all your outfits in one big suitcase, imagine losing all your clothes to a misplaced bag. Always pack at least one change of clothes and basic necessities in your carry-on, just in case.
4. Fragile Items
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3-1024x585.png" alt="" class="wp-image-294359" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132041/download-1-3.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A traveler carrying fragile items in their hand luggage. Image Generated Via Dall-E 3</figcaption></figure>
Fragile items and your checked bag are a match made in disaster. Always carry delicate electronics, glass, or ceramics in your hand luggage, or better yet, leave them at home if they&#8217;re not essential to your trip. 
5. Travel Itineraries and Hotel Information
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2-1024x585.png" alt="" class="wp-image-294351" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16131651/download-2.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A world map showing important destinations. Image Generated Via Dall-E 3</figcaption></figure>
Keep your travel itinerary, hotel information, and any tour bookings readily accessible in your carry-on. Losing such information can lead to unnecessary stress and confusion upon arrival.
6. Spare Batteries and Power Banks
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3-1024x585.png" alt="" class="wp-image-294366" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132334/download-3.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A person holding a phone and a power bank. Image Generated Via Dall-E 3</figcaption></figure>
Airlines often have strict regulations about transporting batteries in checked luggage due to fire risks. Keep your power banks and spare batteries close in your carry-on. The airline representative may specifically ask you if you have power banks in your checked luggage, if you do, you should move it to your hand luggage before it is handed over to the airline.
7. Keys
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4-1024x585.png" alt="" class="wp-image-294374" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132528/download-1-4.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A man holding keys near an open bag. Image Generated Via Dall-E 3</figcaption></figure>
Imagine coming home from a long trip and realizing your house keys were in the checked bag that didn't make it back. Always keep your keys in your carry-on to avoid being locked out upon your return.
8. Food Items
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1-1024x585.png" alt="" class="wp-image-294381" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132702/download-2-1.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A representative image of food packed in a travel suitcase. Image Generated Via Dall-E 3</figcaption></figure>
Certain food items might not be allowed across borders and could be confiscated if found in your checked luggage. To avoid waste and the hassle of inspections, keep food items to a minimum and familiarize yourself with the customs regulations of your destination.
9. Excessive Liquids
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2-1024x585.png" alt="" class="wp-image-294389" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16132828/download-2-2.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">A systematically packed suitcase. Image Generated Via Dall-E 3</figcaption></figure>
While there are limits to the amount of liquids you can bring in your carry-on, placing them in your checked luggage could lead to spills and damage to your belongings. Pack them carefully or buy them at your destination.
10. Cash and Credit Cards
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4-1024x585.png" alt="" class="wp-image-294396" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/16133038/download-4.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Cash and Credit Cards in a travel bag. Image Generated Via Dall-E 3</figcaption></figure>
Carry your cash, credit cards, and traveler's checks with you at all times. It's not uncommon for bags to be tampered with or go missing during international travel. Keeping money on your person ensures it stays safe.
Image Generated Via Dall-E 3
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Psychology

Travel

Global

Taking Your First International Flight? 10 Things Never To Put In Your Checked Baggage

Roth MKM analyst Rohit Kulkarni maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy and maintains $205 price target.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on Amazon.com, Maintains $205 Price Target

Federal Reserve

Fed's Powell Says If Higher Inflation Persists Fed Can Maintain Current Rate As Long As Needed; Says Restrictive Policy Needs Further Time To Work

B. Riley Securities analyst Eric Wold maintains MasterCraft Boat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCFT#NASDAQ">MCFT</a>) with a Neutral and lowers the price target from $24 to $22.

MCFT

B. Riley Securities Maintains Neutral on MasterCraft Boat Hldgs, Lowers Price Target to $22

Cullinan Therapeutics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>), formerly&nbsp;Cullinan Oncology Inc,&nbsp;announced its plans to expand into autoimmune diseases and intends to pursue the development of CLN-978 in autoimmune diseases, with systemic lupus erythematosus&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38266041/cullinan-therapeutics-announces-strategic-expansion-into-autoimmune-diseases" rel="noreferrer noopener">(SLE) as a first indication</a>.&nbsp;
In SLE, the immune system of the body mistakenly attacks healthy tissue.
The company believes that CLN-978 has the potential to be a first-in-class, off-the-shelf, disease-modifying treatment in autoimmune diseases with a differentiated safety profile​.&nbsp;
The company plans to submit an investigational new drug application to study CLN-978 in patients with SLE in the third quarter of 2024 and is also planning for future development in other autoimmune diseases.&nbsp;
Cullinan Therapeutics has discontinued enrollment in its B cell non-Hodgkin lymphoma (B-NHL) study to focus ongoing development on autoimmune indications.
Recent data demonstrated the potential of CD19-directed CAR T therapies in 15 patients with autoimmune diseases.
The company shared initial clinical observations from its Phase 1 dose escalation trial of CLN-978 in B cell non-Hodgkin lymphoma.&nbsp;
Clinical observations from three patients treated in a Phase 1 dose escalation trial of patients with B-NHL show that CLN-978 was clinically active at the initial starting dose of 30 μg administered subcutaneously once weekly.&nbsp;
Two of the three patients experienced objective clinical benefit, including one who experienced a complete response.&nbsp;
Grade 1 cytokine release syndrome occurred in two patients, and no patients experienced immune effector cell-associated neurotoxicity syndrome.&nbsp;
The company also announced a&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38265981/cullinan-therapeutics-announces-oversubscribed-280-million-private-placement" rel="noreferrer noopener">$280 million private placement</a>. The proceeds from the private placement, combined with current cash, cash equivalents, short-term investments, and interest receivable, are expected to fund Cullinan&#8217;s current operating plan into 2028.
Monday,&nbsp;William Blair&nbsp;initiated coverage on Cullinan&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/CGEM/analyst-ratings" rel="noreferrer noopener">with an Outperform rating</a>&nbsp;and a $35-per-share fair value based on the potential of the company&#8217;s diversified pipeline of assets, including CLN-619 in endometrial cancer, CLN-978 in B-cell malignancies and autoimmune diseases.
The analyst says the company&#8217;s strategy, which is flexible across different treatment methods and emphasizes developing new drugs and licensing existing ones, has led to a diverse portfolio of unique assets.&nbsp;
This approach consistently offers chances for significant value growth based on clinical results.&nbsp;
The success of zipalertinib and CLN-619 so far demonstrates the effectiveness of this strategy. With many projects, the company can focus on advancing programs that show promise as standalone treatments.
Price Action:&nbsp;CGEM shares are up 3.75% at $17.70 on the last check Tuesday.

Analyst Color

Biotech

Health Care

Offerings

CGEM

Cullinan Shifts Focus From Oncology To Autoimmune Disorders, Raises $280M Via Equity

Fed's Powell Says 12-Month Core PCE Inflation Was Little Changed IN March According To Estimates; Says Fed Took Cautious Approach To Not Overreact To Declines Last Year; Says Recent Data Have Not Given Greater Confidence

Grant Cardone, real estate titan and founder of Cardone Capital, has said that Americans should rent instead of buying homes and recently posted on X, formerly Twitter, giving seven reasons why:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">7 reasons to Rent vs Buying a home: 1) Apartments have Better amenities &#8211; pool, security, gyms, theatres, technology. Today apartments are amenity rich. 2) Economics &#8211; rents are 1/2 the cost of a mortgage today with interest rates at 7%, ($3800) and avg rents are 1800. 3) No… <a href="https://t.co/Uf30CFDRII">pic.twitter.com/Uf30CFDRII</a>
&mdash; Grant Cardone (@GrantCardone) <a href="https://twitter.com/GrantCardone/status/1778794729473224734?ref_src=twsrc%5Etfw">April 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">@GrantCardone on X</figcaption></figure>
If you don&#8217;t want to click the post to see the full list, here&#8217;s a summary:
<ol>
<li>Apartments have better amenities, such as pools and gyms.</li>
<li>Rents are half the cost of a mortgage today with interest rates at 7%.</li>
<li>The average down payment on a home is 20%. Instead, renters can keep that cash or invest it.</li>
<li>Renting presents a shorter commitment, such as a 14-month lease instead of a 30-year mortgage.</li>
<li>Apartment living provides renters with an immediate community of people with similar interests.</li>
<li>Renters do not have to pay for maintenance.</li>
<li>Homeowners insurance and property taxes are &#8220;exploding&#8221; for homeowners.</li>
</ol>
Back in November, <a href="https://www.benzinga.com/real-estate/23/11/35778965/mortgage-is-just-a-fancy-bullsh-t-word-for-paying-rent-for-30-years-to-the-bank-says-real-estate-bil">Cardone sparked controversy</a> with his candid views on homeownership. <a href="https://youtu.be/53hG9NSKDFQ?si=yze6x76l8A3edR_V" target="_blank" rel="noreferrer noopener">Speaking on &#8220;The Money Mondays Podcast,&#8221;</a> he stated, &#8220;If renting doesn't make sense at half of what it costs to pay the mortgage, how does the mortgage make sense, which is just a fancy bullsh&#x2A;t word for paying rent for 30 years to the bank.&#8221;
<h2 class="wp-block-heading">&nbsp;Read Next:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
Image Credit: YouTube

Real Estate

Grant Cardone Gives 7 Reasons Why You Should Rent Instead of Buying a Home

CFRA analyst Kenneth Leon maintains Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) with a Buy and raises the price target from $97 to $108.

CFRA Maintains Buy on Morgan Stanley, Raises Price Target to $108

Fed's Powell Says Broader Wage Pressures Are Moderating Gradually

Fed's Powell Says Labor Market Moving Into Better Balance Even Amidst Ongoing Strength

Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) has outperformed the market over the past 5 years by 6.72% on an annualized basis producing an average annual return of 18.41%. Currently, Deere has a market capitalization of $109.62 billion. 
Buying $100 In DE: If an investor had bought $100 of DE stock 5 years ago, it would be worth $232.81 today based on a price of $393.80 for DE at the time of writing.
<h3>Deere's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713288640_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Deere 5 Years Ago Would Be Worth This Much Today

Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) has outperformed the market over the past 5 years by 37.1% on an annualized basis producing an average annual return of 48.79%. Currently, Owens &amp; Minor has a market capitalization of $1.91 billion. 
Buying $1000 In OMI: If an investor had bought $1000 of OMI stock 5 years ago, it would be worth $7,292.65 today based on a price of $24.99 for OMI at the time of writing.
<h3>Owens &amp; Minor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713288634_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Owens & Minor Stock In The Last 5 Years

Fed's Powell Says Performance Of U.S. Has Been 'Quite Strong;' Says Recent Data Shows Lack Of Further Progress On Inflation This Year

FirstEnergy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) short percent of float has risen 5.18% since its last report. The company recently reported that it has 11.63 million shares sold short, which is 2.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.72 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>FirstEnergy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713288625_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FirstEnergy 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 FirstEnergy'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>, FirstEnergy's peer group average for short interest as a percentage of float is 2.44%, 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.

Short Sellers

Short Ideas

Peering Into FirstEnergy's Recent Short Interest

B. Riley Securities analyst Eric Wold maintains Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) with a Neutral and lowers the price target from $45 to $39.

MBUU

B. Riley Securities Maintains Neutral on Malibu Boats, Lowers Price Target to $39

Applied Mat's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NYSE">AMAT</a>) short percent of float has fallen 3.85% since its last report. The company recently reported that it has 12.45 million shares sold short, which is 1.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.87 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>Applied Mat Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713288619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Applied Mat 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 Applied Mat'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>, Applied Mat's peer group average for short interest as a percentage of float is 7.13%, 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.

AMAT

Looking Into Applied Mat's Recent Short Interest

Oracle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) short percent of float has fallen 22.86% since its last report. The company recently reported that it has 12.96 million shares sold short, which is 0.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.38 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>Oracle Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713288614_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Oracle 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 Oracle'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>, Oracle's peer group average for short interest as a percentage of float is 4.47%, 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.

ORCL

Peering Into Oracle's Recent Short Interest

REV Group Inc (REVG) has provided an announcement. As REV Group, Inc. successfully closed its public offering, four board members, including Chairm...

REV Group Inc Announces Offering Success and Board Reshuffle

InvestorsObserver is giving Rev Group Inc (REVG) an Analyst Rating Rank of 26, meaning REVG is ranked higher by analysts than 26% of stocks. The average price target for REVG is $21 and analystâ€&#x2122;s rate the stock as a Buy. Wall Street analysts are rating REVG a Buy today.  Find out what this means to you and get the rest of

Rev Group Inc (REVG) Stock: Do Analysts Think You Should Buy?

Rev Group Inc (REVG) stock is higher by 7.92% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Rev Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on REVG!See Full REVG ReportWhat is Stock Sentiment?Sentiment is a very shor

Do Traders Think Rev Group Inc (REVG) Can Keep Climbing Wednesday?

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on REV Group (REVG – Research Report) today and set a price target of $28.00. Mircea D...

Buy Rating Affirmed for REV Group Amid Strategic Growth and Margin Improvement Prospects

The auto industry is positioned for significant growth due to strong consumer demand, robust consumer spending, and the transition to electric vehicles. Therefore, investors looking to capitalize on the industry's growth prospects can consider buying quality auto stocks REV Group (REVG), Mazda Motor (MZDAY), and Isuzu Motors (ISUZY). Keep reading… Robust customer demand, the swift adoption of electric vehicles (EVs), technological advancements, government incentives, and enhanced global supply chains are all boosting the auto industry's prospects. Moreover, the expected interest rate cuts this year will likely propel the industry's growth.
Given the favorable industry trends, it may be wise to consider investing in quality auto stocks REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>), Mazda Motor Corporation (<a href="https://stocknews.com/stock/MZDAY/">MZDAY</a>), and Isuzu Motors Limited (<a href="https://stocknews.com/stock/ISUZY/">ISUZY</a>) for solid gains.
Before delving deeper into their fundamentals, let's discuss what's happening in the auto industry.
Despite challenges like persistent inflation and increased car repair and insurance expenses, the automobile sector witnessed growth last year. New vehicle sales in the U.S. surged to <a href="https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month">1.26 million units in February</a>, marking a 9.6% increase from February 2022. Additionally, global light vehicle sales are projected to reach <a href="https://www.jdpower.com/business/press-releases/jd-power-globaldata-forecast-february-2024">89.1 million units this year</a>, reflecting a 3% rise from the previous year.
Meanwhile, manufacturer promotions, increasing disposable incomes, anticipated interest rate cuts, and technological advancements in the sector will further benefit the industry. The global automotive industry is projected to grow at a <a href="https://www.globenewswire.com/news-release/2024/03/14/2846022/0/en/Global-Automotive-Industry-Market-Size-To-Exceed-USD-6-861-45-Billion-By-2033-CAGR-Of-6-77.html">6.8% CAGR</a>, reaching $6.86 trillion by 2033.
Furthermore, the industry is set for continued growth due to the rising adoption of EVs. Increasing numbers of people choose electric cars because of environmental concerns, expanding public charging infrastructure, price reductions, and government subsidies. BloombergNEF predicts a <a href="https://www.bloomberg.com/news/newsletters/2024-01-09/electric-vehicle-market-looks-headed-for-22-growth-this-year">21% rise</a> in global passenger EV sales, reaching 16.7 million units in 2024.
Considering these conducive trends, let's analyze the fundamentals of the three <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> picks, beginning with the third choice.
Stock #3: REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>)
REVG and its subsidiaries design, manufacture, and distribute specialty vehicles and related aftermarket parts and services internationally. They operate in three segments: Fire &amp; Emergency, Commercial, and Recreation.
On January 4, 2024, Mesa unveiled its all-electric fire truck, manufactured by REVG subsidiary E-ONE. This truck reduces firefighters' exposure to toxins and supports Mesa's Climate Action Plan for carbon neutrality by 2050.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, REVG's 10.83% is 66.1% higher than the 6.52% industry average. Likewise, its 9.15% trailing-12-month net income margin is 54.3% higher than the 5.93% industry average. Likewise, its 51.56% trailing-12-month Return on Common Equity is 329.1% higher than the 12.02% industry average.
REVG's net sales for the fiscal first quarter ended January 31, 2024, increased marginally year-over-year to $586 million. Its gross profit increased 8.6% year-over-year to $62.90 million.
For the same quarter, its adjusted net income and adjusted net income per common share stood at $14.70 million and $0.25, up 113% and 108.3% from the year-ago quarter, respectively. Moreover, its adjusted EBITDA increased 43.2% year-over-year to $30.50 million.
Analysts expect REVG's EPS for the quarter ending July 31, 2024, to increase 14.3% year-over-year to $0.40. Its revenue for fiscal 2025 is expected to increase 4.6% year-over-year to $2.61 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 111.5% to close the last trading session at $20.63.
REVG's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #8 out of 53 stocks in the <a href="https://stocknews.com/category/auto-vehicle-makers/%22">Auto &amp; Vehicle Manufacturers</a> industry. It has a B grade for Value and Quality. To see REVG's Growth, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/REVG/">click here</a>.
Stock #2: Mazda Motor Corporation (<a href="https://stocknews.com/stock/MZDAY/">MZDAY</a>)
Headquartered in Hiroshima, Japan, MZDAY manufactures and sells passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally.
On January 31, 2024, MZDAY announced the launch of the Mazda CX-70, its latest crossover SUV for North America, with hybrid powertrains and advanced safety tech, to debut in spring in the U.S. and Canada. This move marks MZDAY's entry into the mid-size SUV segment, bolstering its lineup and business in North America.
MZDAY's 6.75% trailing-12-month Return on Total Capital is 10.2% higher than the 6.12% industry average. Likewise, its 5.82% trailing-12-month Return on Total Assets is 37.9% higher than the 4.22% industry average. Furthermore, the stock's 1.40x trailing-12-month asset turnover ratio is 40.8% higher than the 1x industry average.
For the third quarter that ended December 31, 2023, MZDAY's net sales increased 32.3% year-over-year to ¥3.57 trillion ($23.57 billion). Its operating income rose 82.9% over the prior-year quarter to ¥200.20 billion ($1.32 billion). The company's net income attributable to owners of the parent and net income per share stood at ¥165.49 billion ($1.09 billion) and ¥262.45, respectively, up 59.8% each year-over-year.
For the quarter ending March 31, 2024, MZDAY's revenue is expected to increase 4.7% year-over-year to $8.72 billion. Over the past year, the stock has gained 33.9% to close the last trading session at $5.84.
MZDAY's solid prospects are reflected in its POWR Ratings. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Growth, Stability, and Quality. Within the same industry, it is ranked #4. In addition to the grades mentioned above, we have also rated MZDAY for Momentum and Sentiment. Get all ratings <a href="https://stocknews.com/stock/MZDAY/">here</a>.
Stock #1: Isuzu Motors Limited (<a href="https://stocknews.com/stock/ISUZY/">ISUZY</a>)
ISUZY manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide. Its products include heavy-duty and medium-duty trucks, buses, light-duty trucks, passenger pickup vehicles, pickup trucks, SUVs, and marine and industrial engines.
On March 19, 2024, ISUZY announced its first D-MAX BEV pickup truck, launching initially in Europe in 2025 and subsequently in Australia, Thailand, and other global markets, featuring a full-time 4WD system with e-Axles, high towing capacity, and a commitment to carbon-neutral vehicles, aiming to enrich lives and meet diverse commercial and passenger vehicle needs.
On March 6, 2024, ISUZY and TIER IV formed a capital and business alliance to develop Level 4 autonomous driving systems for route buses, with ISUZY investing ¥6 billion ($39.62 million) in TIER IV.
The partnership aims to accelerate the development and deployment of autonomous driving technology for route buses, leveraging TIER IV's expertise in open-source autonomous driving software and ISUZY's experience in the route bus sector.
In terms of the trailing-12-month EBIT margin, ISUZY's 9.11% is 19.5% higher than the 7.63% industry average. Likewise, its 12.59% trailing-12-month EBITDA margin is 14.6% higher than the industry average of 10.99%. Furthermore, the stock's 3.28% trailing-12-month Capex/Sales is 7.7% higher than the industry average of 3.05%.
ISUZY's net sales for the third quarter, which ended on December 31, 2023, increased 8.4% year-over-year to ¥2.54 trillion ($16.77 billion). Its operating income rose 28.1% over the prior-year quarter to ¥253.56 billion ($1.67 billion).
Additionally, the company's net income attributable to owners of the parent increased 26.7% year-over-year to ¥159.42 billion ($1.05 billion). Its net income per share came in at ¥206.31, representing a 27.1% year-over-year increase.
Street expects ISUZY's revenue for the quarter ending September 30, 2024, to increase 3.6% year-over-year to $5.90 billion. Over the past nine months, the stock has gained 16.6% to close the last trading session at $13.80.
ISUZY's POWR Ratings reflect its positive outlook. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
Within the Auto &amp; Vehicle Manufacturers industry, it is ranked #2 out of 53 stocks. It has an A grade for Value and a B for Stability, Sentiment, and Quality. <a href="https://stocknews.com/stock/ISUZY/">Click here</a> to see ISUZY's Growth and Momentum ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep%22">2024 Stock Market Outlook &gt;</a>

<hr />
ISUZY shares were trading at $13.85 per share on Thursday morning, up $0.05 (+0.36%). Year-to-date, ISUZY has gained 12.15%, versus a 10.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/isuzy-mzday-revg-3-auto-stock-buys-driving-gains/>3 Auto Stock Buys Driving Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Auto Stock Buys Driving Gains

Rev Group Inc (REVG) is around the top of the Farm and Heavy Construction Machinery industry according to InvestorsObserver. REVG received an overall rating of 59, which means that it scores higher than 59 percent of all stocks. Rev Group Inc also achieved a score of 83 in the Farm and Heavy Construction Machinery industry

Does Rev Group Inc (REVG) Have What it Takes to be in Your Portfolio Monday?

This year, the automotive industry is likely to accelerate with soaring electric vehicle sales and infrastructure advancements. Hence, quality auto stocks Bayerische Motoren Werke (BMWYY), Volkswagen (VWAGY), and REV Group (REVG), which boast lower-than-industry valuation multiples, might be solid buys for April. Keep reading... The global automobile market is growing steadily due to increasing investments in public transport infrastructure and rising demand for affordable private vehicles, especially in emerging economies. So, investors seeking value in the auto sector for April could consider investing in top fundamentally strong auto stocks Bayerische Motoren Werke Aktiengesellschaft (<a href="https://stocknews.com/stock/BMWYY/">BMWYY</a>), Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>), and REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>), which seem to have discounted value multiples.
The automotive sector is also expected to expand this year due to heightened demand for hybrid and electric vehicles and advancements in technological and manufacturing processes. Last year, U.S. electric vehicle sales <a href="https://insideclimatenews.org/news/08022024/inside-clean-energy-us-electric-vehicles-sales-are-poised-to-rise-in-2024/#:">surged to 1.19 million units</a>, a 46% increase from the prior year, capturing a 7.6% share of total car and light truck sales.
In addition, U.S. vehicle sales in March 2024 <a href="https://economics.td.com/us-vehicle-sales">reached 15.50 million units annually</a>, with passenger vehicle sales up 1.3% year-on-year and light-truck sales rising by 5.4%. Light trucks represented 80% of total sales, marginally higher than in March 2023, reflecting ongoing market preferences.
Moreover, the Biden administration <a href="https://www.edmunds.com/car-news/biden-623-million-ev-charging-hydrogen-fueling.html">allocated $623 million</a> for EV and hydrogen infrastructure development, with 70% earmarked for disadvantaged communities to improve EV charging access. Additionally, $70 million is designated for Texas to establish a hydrogen corridor to Southern California, aiming to enhance infrastructure for hydrogen-powered vehicles.
Considering these encouraging market trends, let's examine the fundamentals of the three <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> stock picks.
Stock #3: Bayerische Motoren Werke Aktiengesellschaft (<a href="https://stocknews.com/stock/BMWYY/">BMWYY</a>)
Based in Munich, Germany, BMWYY is an international automotive company specializing in the production and sale of automobiles and motorcycles under renowned brands such as BMW, MINI, and Rolls-Royce. The company operates worldwide through a network of independent dealerships and importers.
BMWYY's forward EV/Sales multiple of 0.98 is 17.8% lower than the industry average of 1.19. Its forward EV/EBIT of 9.73x is 27.4% lower than the industry average of 13.39x.
On March 18, 2024, BMWYY partnered with German winter sports athletes, leveraging automotive technologies like wind tunnel analysis and 3D-printed spike plates to enhance performance. These innovations aim to optimize athletes' stance, aim, and equipment dynamics for competitive success, particularly targeting the Winter Olympic Games in 2026.
On February 29, BMWYY developed E Ink technology, allowing dynamic color changes on vehicle bodies, advancing from black and white to multi-colored exteriors, showcased in the BMW i5 Flow NOSTOKANA concept vehicle. This innovation highlights potential applications in energy efficiency and artistic expression, earning global recognition and innovation accolades.
In the fiscal year ended December 31, 2023, BMWYY's revenues increased 9.2% year-over-year to €107.84 billion ($115.77 billion). The company achieved <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20also%20called%20gross,to%20produce%20goods%20or%20services.">gross profit</a> of €17 billion ($18.25 billion) and net profit of €4.37 billion ($4.69 billion). Also, its cash and cash equivalents as of December 31, 2023, amounted to €6.15 billion ($6.60 billion).
Analysts expect BMWYY's revenue and EPS to grow marginally and 2.4% year-over-year to $169.49 billion and $6.48 for the fiscal year 2024, respectively.
The stock has surged 15.3% over the past six months and 10.8% over the past three months to close the last trading session at $40.17. It also gained marginally intraday.
BMWYY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this strong outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
BMWYY has an A grade for Stability and a B for Value. Within the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry, it is ranked #10 out of 52 stocks.
Click <a href="https://stocknews.com/stock/BMWYY/">here</a> for BMWYY's additional Growth, Momentum, Sentiment, and Quality ratings.
Stock #2: Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>)
Based in Wolfsburg, Germany, VWAGY is a global automotive company that operates in four segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The company manufactures and sells vehicles globally under various brand names, including Volkswagen, Audi, and Porsche.
VWAGY's forward EV/Sales of 0.81x is 32.3% lower than the industry average of 1.19x. Its forward EV/EBITDA multiple of 6.58 is 29.7% lower than the industry average of 9.36.
On April 11, VWAGY announced a €2.50 billion ($2.68 billion) investment in its production and innovation hub in Hefei, China. The investment aims to boost electric vehicle production and includes preparations for the production of two new VWAGY brand models with Chinese partner XPeng Inc. (<a href="https://stocknews.com/stock/XPEV/">XPEV</a>) starting in 2026.
On March 21, VWAGY deepened its partnership with Mobileye Global Inc. (<a href="https://stocknews.com/stock/MBLY/">MBLY</a>) to introduce new automated driving features, utilizing MBLY's SuperVision and Chauffeur platforms across Audi, Bentley, Lamborghini, and Porsche brands. The collaboration aims to integrate partially and highly automated driving features, including automated overtaking and halting at red lights, with plans for full automation in the long term.
During the fiscal year that ended December 31, 2023, VWAGY's sales revenue increased 15.5% from the prior year to €322.28 billion ($345.89 billion). The company reported an operating result and gross profit of €22.58 billion ($24.23 billion) and €61.02 billion ($65.49 billion), up 2.1% and 16.9% year-over-year, respectively. Also, its earnings attributable to VWAGY grew 7.6% year-over-year to €16.01 billion ($17.19 billion).
For fiscal year 2024, VWAGY anticipates sales revenue to surpass the previous year's figure by up to 5%, with an operating return on sales expected to range between 7% and 7.5%.
Street expects VWAGY's revenue to be $352.76 billion for the fiscal year 2024. Its EPS for the same year is expected to grow 67.4% year-over-year to $5.84. The company surpassed the revenue estimates in each of the trailing four quarters.
VWAGY's stock soared 18.7% over the past six months and 16.5% over the past three months to close the last trading session at $15.72.
VWAGY's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
VWAGY has an A grade for Value and Stability and a B for Growth. It is ranked #8 within the same industry.
In addition to the POWR Ratings stated above, VWAGY's Momentum, Sentiment, and Quality ratings can be accessed <a href="https://stocknews.com/stock/VWAGY/">here</a>.
Stock #1: REV Group, Inc. (<a href="https://stocknews.com/stock/REVG/">REVG</a>)
REVG designs, manufactures, and distributes specialty vehicles and related aftermarket parts worldwide. Its segments include Fire &amp; Emergency; Commercial; and Recreation, offering a diverse range of products under various brand names.
REVG's forward EV/Sales multiple of 0.46 is 74.1% lower than the industry average of 1.77. Its forward EV/EBITDA of 7.35x is 36.5% lower than the industry average of 11.57x.
On March 29, 2024, Spartan Emergency Response, a REVG subsidiary, appointed Greenwood Emergency Vehicles as its dealer for Maine and New Hampshire, expanding its representation in the Northeast. Greenwood's established reputation and extensive experience in serving fire and EMS providers align with Spartan's commitment to providing quality fire apparatus and excellent customer support.
On March 6, REVG declared a quarterly cash dividend in the amount of $0.05 per share of common stock, payable on April 12, 2024. It pays an annual dividend of $0.20 per share, which translates to a dividend yield of 0.97% on the current share price. Its four-year average yield is 2.28%. The company has raised its dividend payouts at a CAGR of 58.7% over the past three years.
REVG reported net sales of $586 million in the first quarter that ended January 31, 2024. Its adjusted EBITDA and net income rose 43.2% and 113% from the year-ago quarter to $30.50 million and $14.70 million, respectively.
As of January 31, 2024, its total assets amounted to $1.42 billion, compared to total assets of $1.41 billion as of October 31, 2023.
For the fiscal year 2024, REVG expects net sales between $2.45 billion and $2.55 billion, with net income ranging from $224 million to $245 million. Adjusted EBITDA is projected between $145 million and $165 million, while adjusted net income and adjusted free cash flow are anticipated to be $72 million to $90 million and $57 million to $72 million, respectively.
For the fiscal year ending October 2024, REVG's EPS is likely to increase 7.8% year-over-year to $1.47. Its revenue for the same year is expected to be $2.49 billion. The company surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
Shares of REVG have gained 135.7% over the past year and 109.4% over the past nine months to close the last trading session at $23.03. Also, it gained marginally intraday.
REVG's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
REVG has a B grade for Value, Sentiment, and Quality. Within the same industry, it is ranked #7.
To see additional POWR Ratings for Growth, Momentum, and Stability for REVG, click <a href="https://stocknews.com/stock/REVG/">here</a>.
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VWAGY shares were trading at $15.39 per share on Friday afternoon, down $0.33 (-2.12%). Year-to-date, VWAGY has gained 18.57%, versus a 7.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/vwagy-bmwyy-revg-xpev-mbly-top-3-value-auto-stock-buys-for-april/>Top 3 Value Auto Stock Buys for April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Value Auto Stock Buys for April

REV Group Inc (REVG) has shared an announcement. REV Group, Inc. has appointed Amy A. Campbell as the new Senior Vice President and Chief Financial...

REV Group Names Amy Campbell New CFO and SVP

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Press Releases

REV Group, Inc. Announces Proposed Secondary Offering of Common Stock and Concurrent Share Repurchase

REV Group, Inc. Announces Pricing of Upsized Secondary Offering of Common Stock and Concurrent Share Repurchase

REV Group to Release First Quarter 2024 Earnings on Wednesday, March 6, 2024

Capacity Trucks Celebrates 50th Anniversary Milestone

REV Group, Inc. Reports Strong First Quarter Results, Provides Updated Fiscal 2024 Outlook

REV Group Releases Its 2023 Sustainability Report

REV Group, Inc. Announces Launch of Secondary Offering of Common Stock

REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock

Jay Leno's Garage Features the Vector, REV Group's All-Electric Fire Truck; Episode to Air on April 15

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25% Off Benzinga's Most Powerful Trading Tools

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REV Group Stock (NYSE:REVG), Trade Ideas