Super Group (SGHC) Stock (NYSE:SGHC), Trade Ideas

Super Group (SGHC)

Super Group (SGHC) Ltd is the holding company for global online sports betting and gaming businesses. The company's reportable segments are Betway and Spin. Majority of revenue is generated from Betway segment. Betway segment is single brand online sportsbook focused business with a global footprint and strategic partnerships with teams and leagues worldwide. Betway additionally recovers sponsorship marketing spend through brand license agreements.

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Shares of  United Natural Foods, Inc. (NYSE: UNFI) fell sharply during Wednesday’s session following second-quarter results.

Why United Natural Foods Shares Are Trading Lower By 15%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Wednesday.

Box Reports Upbeat Earnings, Joins American Public Education, Wave Life Sciences And Other Big Stocks Moving Higher On Wednesday

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STWD

On CNBC’s &#34;Mad Money Lightning Round,&#34; Jim Cramer said he has  always liked  Woodward, Inc.  (NASDAQ: WWD).

Cramer Hypes Up This &#39;Classic Stock,&#39; Disagrees With Billionaire CEO&#39;s &#39;Dire&#39; View

Super Group (SGHC) Limited Ordinary Shares

Super Group (SGHC) Ltd

ACNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNB#NASDAQ">ACNB</a>) reported quarterly earnings of $0.80 per share which met the analyst consensus estimate.

Earnings

ACNB

ACNB Q1 2024 GAAP EPS $0.80, Inline

Wedbush analyst David Chiaverini reiterates Pacific Premier Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPBI#NASDAQ">PPBI</a>) with a Neutral and maintains $25 price target.

Price Target

Reiteration

Analyst Ratings

PPBI

Wedbush Reiterates Neutral on Pacific Premier Bancorp, Maintains $25 Price Target

<a href="https://www.globenewswire.com/Tracker?data=Th1zjJTFPkWv2nIuRk0qD9yfxEhoGPScoyMcmSe5URkQm68knNnnlqMapHn7aHUCDSKu9sz0Cy_aNd1dpRMx8_WO3Fgyz6IOSSO1Xtkz0Q0=">Byrna Technologies Inc.</a> ("Byrna" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, today announced the promotion of John Brasseur to Chief Operating Officer and provided an update on its production plans. &nbsp;
John Brasseur, who joined Byrna in July of last year as Vice President of New Product Development, has been promoted to Chief Operating Officer where he will oversee Supply Chain, Global Production, Engineering, and New Product Development. With a 12-year tenure at Sig Sauer where he led the launch of globally renowned handguns, Mr. Brasseur's extensive experience positions him uniquely to drive operational excellence and strategic growth at Byrna. Under his leadership, Byrna has successfully increased manufacturing capacity by 44%, from 10,000 to 14,400 launchers per month from January through March 2024. His efforts in SKU rationalization and cost reduction on SD and LE launchers are expected to yield financial benefits throughout the remainder of the year. He has also overseen the design completion of the Byrna CL (Compact Launcher), setting the stage for this innovative product's launch in 2025.
"I am honored to step into the role of Chief Operating Officer at Byrna and continue to ensure new product developments, supply chain, and production operations keep pace with the growing demand created from our effective marketing efforts," said John Brasseur. "Our planned increase in production capacity to 18,000 units per month by May 2024 will allow us to meet run-rate demand and ensure we are well-stocked for the upcoming holiday shopping season."
Bryan Ganz, CEO of Byrna, stated, "John's proven expertise in product development and operational leadership is crucial as Byrna approaches significant growth milestones. His ability to manage our production increase to 18,000 launchers per month, oversee the execution of a multisource plan for ammo and piece parts, and drive continuous design upgrades for cost reductions positions us strongly for the future. He will also play a key role in the timely release of the Byrna CL in 2025."
Byrna's production ramp-up began with a scale to 12,500 units in January 2024, reaching 14,400 by March, and is projected to hit 16,300 in April. This initiative aims not only to satisfy the rising demand but also to ensure ample stock availability for the holiday season and beyond.

Guidance

Management

BYRN

Byrna Technologies Promotes John Brasseur To COO And Raises Production Target To 18,000 Launchers Per Month

The Nasdaq 100 closed higher by over 50 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Delta Air Lines</h3>
<ul>
<li>The Trade: Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) EVP &amp; Pres. &#8211; International Alain Bellemare <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 24,073 shares</a> at an average price of $48.86. The insider received around $1.17 million  from selling those shares.</li>
<li>What's Happening: On April 10, Delta Air Lines reported better-than-expected first-quarter earnings.</li>
<li>What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world&#8217;s largest airlines, with a network of over 300 destinations in more than 50 countries.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<h3 class="wp-block-heading">Jefferies Financial</h3>
<ul>
<li>The Trade: Jefferies Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) CEO Richard B Handler <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500,000 shares</a> at an average price of $43.50. The insider received around $65.25 million from selling those shares.</li>
<li>What's Happening: On April 11, Jefferies Financial Group reported pricing of $1.50 billion 6.200% senior notes due 2034.</li>
<li>What Jefferies Financial Does: Jefferies Financial Group Inc is a diversified financial services company.</li>
</ul>
<h3 class="wp-block-heading">Hershey Company</h3>
<ul>
<li>The Trade: The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) Steven E Voskuil <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $185.83. The insider received around $278,745 from selling those shares.</li>
<li>What's Happening: On April 17, Wells Fargo analyst Chris Carey maintained Hershey with an Equal-Weight and lowered the price target from $205 to $200.</li>
<li>What Hershey Company Does: Hershey is a leading confectionery manufacturer in the us (around a $25 billion market), controlling around 36% of the domestic chocolate space (per Euromonitor).</li>
</ul>
<h3 class="wp-block-heading">Maplebear</h3>
<ul>
<li>The Trade: Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) General Counsel &amp; Secretary Morgan Fong <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 18,687 shares</a> at an average price of $34.86. The insider received around $651,514 from selling those shares.</li>
<li>What's Happening: On April 23, Needham analyst Bernie McTernan reiterated Maplebear with a Hold.</li>
<li>What Maplebear Does: Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada.</li>
</ul>
Check This Out:  <a href="https://www.benzinga.com/news/24/04/38402061/jim-cramer-says-this-energy-stock-is-terrific-calls-caseys-general-stores-a-winner">Cramer Says This Energy Stock Is &#8216;Terrific,&#8217; Calls Casey&#8217;s General Stores A &#8216;Winner</a>&#8216;

Short Ideas

Insider Trades

Pre-Market Outlook

CART

Jefferies Financial, Maplebear And 2 Other Stocks Insiders Are Selling

The 220MW/440MWh grid-tied system is the largest BESS owned by Nevada Energy and was delivered under a full turnkey contract between Energy Vault and the Nevada Utility
Energy Vault Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada's largest public utility, today announced the completion and beginning of commercial operation of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.energyvault.com%2Fprojects%2Freid-gardner&amp;esheet=53955811&amp;newsitemid=20240425206995&amp;lan=en-US&amp;anchor=Reid+Gardner+Battery+Energy+Storage+System+%28BESS%29&amp;index=1&amp;md5=29ff8bf18f79cb20a5cac5bc6f8a6ade">Reid Gardner Battery Energy Storage System (BESS)</a> in Moapa, Nevada.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240425206995/en/">https://www.businesswire.com/news/home/20240425206995/en/</a>
&nbsp;
Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one of the largest in Nevada, is a 2-hour energy storage system that is designed to store and dispatch excess renewable energy, including wind and solar power. The BESS is charged and discharged on a daily basis and designed to dispatch stored renewable energy at peak consumption hours to help meet the high demand during Nevada's peak load hours. The system, which is now being operated at full capacity by NV Energy, leverages Energy Vault's integration platform and energy management system (Vault-OS).
"The completion of the Reid Gardner Battery Energy Storage System, on budget and on schedule in a compressed time schedule, stands as a testament to Energy Vault's commitment to the efficient delivery of sophisticated high-performance energy storage systems to customers like NV Energy," said Marco Terruzzin, Chief Commercial &amp; Product Officer, Energy Vault. "We are grateful for NV Energy's strong partnership throughout this process, from the start of planning until the commencement of operations today. It's our goal at Energy Vault to serve as the energy storage company of choice for utilities, IPPs and large energy users, and we are proud to deliver a system that will provide clean energy and grid resiliency to Nevada communities while also advancing the state's carbon neutrality goals."
"We truly appreciated the dedication and quick work of Energy Vault to ensure the Reid Gardner Battery Energy Storage System came in on time and on budget. It was clear from the start that this project was a priority for Energy Vault, from the top levels of the company all the way down," said Jimmy Daghlian, Vice President of Renewables, NV Energy. "The overall construction process moved very quickly – which allowed us to bring the project in service for our customers ahead of schedule and ahead of the hot summer months. We appreciate Energy Vault's problem-solving spirit, commitment, and partnership in bringing this project to life."

NRGV

Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project To Commercial Operation In Moapa, Nevada.

Wedbush analyst David Chiaverini maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $26 to $28.

Wedbush Maintains Outperform on SLM, Raises Price Target to $28

WIIM

Mobileye Global shares are trading higher after the company reported better-than-expected Q1 sales results and reiterated FY24 revenue guidance.

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/04/24/final-trades-goldman-sachs-meta-platforms-and-urnm.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington of Requisite Capital Management named Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>) amid supply shortage here. The ETF has been basing in the 50's level and believes it is a &#8220;<a href="https://www.benzinga.com/news/24/04/38349158/is-a-commodities-super-cycle-on-the-way">good entry point</a>.&#8221;
Stephen Weiss of Short Hills Capital Partners picked Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
On Wednesday, Meta reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. The revenue came in ahead of a Street consensus estimate of $36.16 billion, according to data from Benzinga Pro. The company reported earnings per share of $4.71 in the first quarter, <a href="https://www.benzinga.com/news/24/04/38421280/metas-stock-plunge-after-q1-numbers-an-overreaction-to-zuckerbergs-capex-move-says-gene-munster-he-w">beating a Street estimate of $4.33.</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners said there is more upside ahead for The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion. The Wall Street giant reported EPS of $11.58, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">beating the consensus of $8.60</a>.
Global Banking &amp; Markets were $9.73 billion, up 15% Y/Y, boosted by a 32% increase in investment banking fees to $2.08 billion, primarily driven by an increase in completed mergers and acquisitions transactions and initial public and secondary offerings.
Price Action:
<ul>
<li>Sprott Uranium Miners ETF fell 0.6% on Wednesday.</li>
<li>Meta shares fell 0.5% to settle at $493.50 during Wednesday's session.</li>
<li>Goldman Sachs fell 0.2% to close at $423.04 during Wednesday's session.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/24/04/38429015/jim-cramer-youre-dice-rolling-with-this-biopharma-stock-but-vista-energy-is-a-good-situation">Jim Cramer Says You&#8217;re &#8216;Dice Rolling&#8217; With This Biopharma Stock, But Vista Energy Is &#8216;A Good Situation&#8217;</a>
Image: Shutterstock

URNM

Meta Platforms, Goldman Sachs And More On CNBC's 'Final Trades'

<ul>
<li>Archer is working with Abu Dhabi to operationalise its air taxi services, in-country manufacturing, and training across the region</li>
<li>Archer is coordinating with government partners across Abu Dhabi to develop the necessary vertiports and charging infrastructure</li>
<li>Archer and ADIO (Abu Dhabi Investment Office) jointly define an ambitious set of operational launch plans and corresponding enablement support</li>
</ul>
Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced the signing of a framework agreement in Abu Dhabi today at the DRIFTx mobility event, held at the Yas Marina Circuit showcasing the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector. This agreement covers multi-hundred-million dollar investments to accelerate Archer's planned commercial air taxi operations in the UAE, slated to launch as soon as next year, including in-country manufacturing, operations and training across the region. This comprehensive agreement positions Abu Dhabi as one of the world's leaders in promoting urban air mobility, with plans to commence air taxi operations with Archer's Midnight aircraft as soon as next year.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240425145771/en/">https://www.businesswire.com/news/home/20240425145771/en/</a>
&nbsp;
Key components of Archer's collaboration with ADIO include vertiport construction, operational enablement for air taxi operations in the UAE, and in-country manufacturing of Archer's Midnight aircraft. Under the agreement, ADIO will also ensure local workforce development programmes for Emirati talent and facilitate the establishment of Archer's international headquarters and Centre of Excellence in Abu Dhabi.
"This substantial agreement with Abu Dhabi is a pivotal moment for Archer's commercialisation efforts across the Emirates, as it provides the catalyst to accelerate the launch of our electric air taxi service in the UAE as soon as late 2025. The agreement underscores Abu Dhabi's strong commitment to Archer and conviction to become a global hub for urban air mobility. With Abu Dhabi's support, we are poised to continue leading the transformation of urban transportation in the Emirate and across the globe," said Archer founder and CEO, Adam Goldstein.
"Abu Dhabi is leading the way in accelerating the launch of electric air taxis globally, and ADIO is proud to partner with Archer as one of the world's most innovative companies. We are excited to support Archer toward establishing its international headquarters in Abu Dhabi, and to develop a comprehensive investment framework that will accelerate its progress towards manufacturing and operating its Midnight aircraft in the UAE," said Badr Al-Olama, Director General of ADIO.
Under this agreement, ADIO will support the development of vertiports, in collaboration with Archer and other air taxi operators, in critical locations throughout Abu Dhabi, enhancing the urban air mobility infrastructure necessary for Archer to scale operations.
ADIO and Archer first announced their memorandum of understanding at the 2023 launch of ADIO's Smart and Autonomous Vehicles Industry (SAVI) cluster, which aims to transform the future of urban mobility globally by supporting the innovation and commercialisation of smart and autonomous vehicles across land, sea, and air. The framework agreement announced at DRIFTx with Archer represents the culmination of six months of close collaboration between the two entities.
Importantly, ADIO and Archer will continue to work with Archer's partners to accelerate the company's progress in the region. With the support of its early investor and UAE's sovereign wealth fund Mubadala, Archer's partner operators Falcon Aviation and Air Chateau, and GAL-AMMROC have announced plans to provide maintenance, repair and overhaul support for Archer's eVTOL aircraft.
Archer's goal is to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer's Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights.

Contracts

Global

ACHR

Archer Signs Agreement For Multi-Hundred-Million Dollars To Accelerate Commercial Air Taxi Operations Across UAE

Delivery of the New Orders expected in the Next Three Months
TEL AVIV, Israel, April 25, 2024 /PRNewswire/ -- SuperCom&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>),&nbsp;a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce the receipt of new orders by European governments. The orders are valued at over $5.0 million and are anticipated to be delivered in the next three months.
&nbsp;"We are pleased to continue our collaboration with European government customers, further solidifying our dedication to enhancing public safety through our innovative products and solutions. This demonstrates the continued validation of our cutting-edge technology, our steadfast dedication to project delivery, and the invaluable relationships we've cultivated with our discerning customers," commented Ordan Trabelsi, President &amp; CEO of SuperCom
"The influx of new orders underscores our unwavering leadership in innovative electronic monitoring solutions for public safety on a global scale. SuperCom remains steadfast in our pursuit of excellence, guaranteeing seamless project execution and nurturing enduring collaborations with governments across the globe," Ordan concluded.
SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, secured communication, monitoring technologies, and a secure software platform providing real-time tracking and Monitoring. &nbsp;

SPCB

SuperCom Receives Over $5M In New Orders From European Governments

NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster enables government organizations to quickly build and deploy scalable and secure deep learning workloads
AUSTIN, Texas, April 25, 2024 /PRNewswire/ -- Oracle today announced that <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=3168118023&amp;u=https%3A%2F%2Fcloudmarketplace.oracle.com%2Fmarketplace%2Fen_US%2Flisting%2F155314141&amp;a=NVIDIA+AI+Enterprise">NVIDIA AI Enterprise</a>&nbsp;on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=818946272&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2F&amp;a=Oracle+Cloud+Infrastructure">Oracle Cloud Infrastructure</a> Supercluster is now available in the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=185281095&amp;u=https%3A%2F%2Fwww.oracle.com%2Fgovernment%2Fgovcloud%2Ffedramp-high-jab%2F&amp;a=Oracle+U.S.+Government+Cloud">Oracle U.S. Government Cloud</a> region to help address sovereign AI. Building on the expansion of their partnership, Oracle and NVIDIA are helping U.S. government customers train and deploy AI solutions with access to Oracle Cloud Infrastructure's 100+ services, including its generative AI services running on high-performance accelerators, including NVIDIA H100 and NVIDIA A100 Tensor Core GPUs, as well as ultra-low-latency networking, and secure storage.
&nbsp;
Governments must meet stringent security, digital sovereignty, and compliance requirements when developing, deploying, and operating their enterprise AI stack. To help customers address these challenges and take advantage of the latest developments in AI, NVIDIA AI Enterprise on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=2748101764&amp;u=https%3A%2F%2Fwww.oracle.com%2Fai-infrastructure%2F&amp;a=Oracle+Cloud+Infrastructure+Supercluster">Oracle Cloud Infrastructure Supercluster</a>&nbsp;is built from the ground up to meet security and sovereign AI requirements and provides the best of NVIDIA software and Oracle Cloud Infrastructure AI infrastructure in a unified solution.
NVIDIA AI Enterprise is an end-to-end, cloud-native software platform that accelerates and streamlines the development and deployment of production-grade AI applications. Government cloud customers can utilize NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster for both the training and inferencing of models. Included in NVIDIA AI Enterprise is <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=1699168378&amp;u=https%3A%2F%2Fdeveloper.nvidia.com%2Fblog%2Fnvidia-nim-offers-optimized-inference-microservices-for-deploying-ai-models-at-scale%2F&amp;a=NVIDIA+NIM">NVIDIA NIM</a>, a set of optimized, cloud-native inference microservices designed to simplify deployment of generative AI models. <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=876095672&amp;u=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai-data-science%2Fgenerative-ai%2Fnemo-framework%2F&amp;a=NVIDIA+NeMo">NVIDIA NeMo</a>, also accessible through NVIDIA AI Enterprise, provides customers with training and inferencing frameworks, as well as data curation tools. These microservices, models, and frameworks can be used by governments for tasks such as semantic search, document understanding, clustering, and content summarization. With the security and scalability of Oracle Cloud Infrastructure, organizations can scale and deploy sensitive enterprise AI workloads in a controlled and dedicated environment.
"Government agencies previously faced limitations in deploying their AI initiatives," said Rand Waldron, vice president, Global Government Sector, Oracle. "With NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster in our government cloud regions, we lead the charge in sovereign AI adoption and innovation without compromising security."
"Sovereign AI can be a transformative force for governments seeking innovation through generative AI while also maintaining strict security and compliance," said Ian Buck, vice president, Hyperscale and HPC Computing, NVIDIA. "With NVIDIA AI Enterprise software on Oracle Cloud Infrastructure, developers can use a full-stack accelerated computing platform to develop proprietary, secure AI applications that help improve operations and the lives of citizens they serve."
With NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster, government customers can:
<ul>
<li>Leverage Oracle Cloud Infrastructure Supercluster that uses NVIDIA A100 and NVIDIA H100 Tensor Core GPUs to build next-generation AI models.</li>
<li>Access cloud hardware and networking that can sustain the bandwidth required by large language model training with ultra-low-latency RDMA cluster networks.</li>
<li>Utilize best-in-class development tools, frameworks, and pretrained models for AI practitioners, and reliable management and orchestration for IT professionals to help ensure performance, high availability, and security.</li>
<li>Protect against external security threats with workloads deployed in Oracle Government Cloud regions that are isolated and operated separately from commercial public cloud regions.</li>
<li>Secure their cloud tenancy with a comprehensive set of simple, prescriptive, and integrated security capabilities, including data encryption and identity management.</li>
<li>Adopt a <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=1677073808&amp;u=https%3A%2F%2Fwww.oracle.com%2Fsecurity%2Fwhat-is-zero-trust%2F&amp;a=zero+trust+security+model">zero trust security model</a>.</li>
</ul>
Oracle Government Cloud is part of Oracle's distributed cloud strategy, which offers customers all the advantages of cloud with greater control over operations, location, and security to support digital sovereignty.
NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster can be accessed via private offers through the Oracle Cloud Marketplace.

NVDA

ORCL

Oracle U.S. Government Cloud Customers Accelerate Sovereign AI With NVIDIA AI Enterprise

Canaccord Genuity analyst Dalton Baretto upgrades MAG Silver (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#TSX">MAG</a>) from Speculative Buy to Buy and announces C$22 price target.

Upgrades

TSX:MAG

Canaccord Genuity Upgrades MAG Silver to Buy, Announces C$22 Price Target

Oppenheimer analyst Noah Kaye maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Outperform and raises the price target from $96 to $98.

Oppenheimer Maintains Outperform on Vertiv Hldgs, Raises Price Target to $98

<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan">https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan</a>
&nbsp;
NEW TAIPEI CITY, Taiwan -- Google is expanding its research and development hub for hardware in Taiwan as the American search engine giant doubles down on its commitment to its device ecosystem.
&quot;Taiwan is Google&#39;s largest hardware R&amp;D hub outside of the U.S.,&quot; Elmer Peng, vice president of hardware at Google, told Nikkei Asia in an exclusive interview on Thursday. &quot;As of 2024, we&#39;ve increased 20-fold the workforce in the past 10 years in Taiwan, and our team continues to grow. ... We are really serious about building an ecosystem.&quot;

&nbsp;

GOOG

GOOGL

'Google To Expand Hardware R&D Team In Taiwan; Search Engine Giant 'Serious' About Beefing Up Equipment And Software Ecosystem' - Nikkei Asia

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer&nbsp;recommended buying Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>). &#8220;I would buy it slowly because we've got big selling going on in <a href="https://www.benzinga.com/markets/equities/24/03/37562085/why-cloudflare-shares-are-rising-today">AI stock Meta,&#8221; he added</a>.
On April 17, Cantor Fitzgerald analyst Yi Fu Lee reiterated Cloudflare with a Neutral and maintained a $100 price target.
Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) is still good, even here, Cramer said.
Axon is projected to report first-quarter 2024 financial results after the closing bell on Monday, May 6.
The &#8220;Mad Money&#8221; host said he likes First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>).
On April 23, Evercore ISI Group analyst Sean Morgan assumed First Solar with an Outperform rating and maintained a price target of $227.
Cramer said he would own Vista Energy, S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). &#8220;I think it's a good situation,&#8221; he added.
When asked about Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), he said, &#8220;It's not that much worse than all the rest. I think you're OK.&#8221;
On April 17, Crown Castle reported upbeat first-quarter sales results.
Cramer said no to Astera Labs, Inc. (NASDAQ: ALAB. &#8220;You want to take the gain here,&#8221; he added.
On April 16, Evercore ISI Group initiated coverage on the stock with an Outperform rating and $100 price target.
&#8220;This is so speculative, I don't know, man. You're dice rolling here with this thing,&#8221; Cramer said when asked about Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>). &#8220;I'm not going to be in the dice roll game, it's too hard.&#8221;
On April 10, Needham analyst Serge Belanger reiterated Liquidia with a Buy and maintained a $28 price target.
Price Action:
<ul>
<li>Axon Enterprise shares rose 0.3% to settle at $302.41 on Wednesday.</li>
<li>Cloudflare shares fell 0.2% to settle at $87.68.</li>
<li>Liquidia shares fell 3.1% to close at $12.55 on Wednesday.</li>
<li>First Solar shares fell 1.5% to close at $177.48 on Wednesday.</li>
<li>Vista shares fell 1.8% to close at $43.39.</li>
<li>Crown Castle shares fell 0.03% to settle at $95.44 on Wednesday.</li>
<li>Astera Labs shares fell 1% to close at $70.99 on Wednesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying</a>
Image: Shutterstock

AXON

FSLR

LQDA

Jim Cramer: You're 'Dice Rolling' With This Biopharma Stock, But Vista Energy Is 'A Good Situation'

Large Cap

General

RTX Awarded $344M Contract To Modernize Electronics Unit For Missile Development Program

Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRT#NYSE">MRT</a>) today announced an amendment to its share repurchase program.
On April 24, 2024, the Company's Board of Directors (the "Board") authorized a 3 month extension to its original 6 month share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares, which was originally initiated on January 10, 2024. In addition, the Board set a ceiling price of $3.30 per share for the share repurchases, giving the Company the ability to perform share repurchases up to a maximum share price of $3.30. As of market close on April 24, 2024, the Company's share price was $1.53.
The amended repurchase program is effective immediately and is valid until October 9, 2024 (the "Repurchase Program"). Under the Repurchase Program, the Company may repurchase Class A ordinary shares in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Board may periodically review the Company's Repurchase Program and decide to extend its terms or increase the authorized amount. The Repurchase Program may also be suspended or discontinued by the Board at any time.
The specific timing and amount of repurchases will be at the discretion of the Company's management team, and will depend on a variety of factors, including its assessment of the intrinsic value of the Company's Class A ordinary shares, the market price of the Company's Class A ordinary shares, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal, regulatory and contractual restrictions and the Company's capital and business strategy.

Buybacks

Marti Says On April 24, 2024, The Co Authorized A 3 Month Extension To Its Original 6 Month Share Repurchase Program Under Which The Co May Repurchase Up To $2.5M Of Its Outstanding Class A Ordinary Shares

<a href="https://www.benzinga.com/personal-finance/24/04/38158576/charlie-munger-said-find-a-way-to-get-your-hands-on-100-000-even-if-it-means-walking-everywhere-">Charlie Munger</a>, the late vice-chairman of Berkshire Hathaway Inc. and renowned investing sage, left behind a wealth of advice that extends far beyond the financial markets.
In one of his final writings for CNBC, Munger shared invaluable career guidance rooted in decades of business experience. His reflections offer a roadmap to professional fulfillment and personal integrity that resonates with many aspiring to make wise career choices.
Don't Miss:
<ul>
<li>If the United States had access to<a href="https://www.benzinga.com/money/public-hys-avgamerican"> today&#8217;s high-yield savings accounts rates</a> in 2015, it wouldn&#8217;t need to save another penny.</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
"Don't work for anyone you do not respect and admire," Munger wrote. "You particularly want to avoid working directly under somebody you don&#8217;t admire and don&#8217;t want to be like. It&#8217;s dangerous. We&#8217;re all subject to control to some extent by authority figures, particularly authority figures who are rewarding us."
This directive underscores the importance of the work environment and the character of those who lead us. Munger highlighted the subtle yet significant impact that leaders can have on their teams, particularly how they can shape the work culture and influence personal growth. He said that working for someone admirable fosters a positive learning environment and aligns your professional path with ethical growth and satisfaction.
Munger warned of the dangers inherent in working for someone lacking respectability or integrity. He noted that such circumstances could have a detrimental impact on a person's moral compass and professional development. This belief was integral to Munger's own career decisions, steering him away from potential mentors and business partners who did not meet his standards of character and excellence.
Trending: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/money/advisor-adv-warren-buffett"> How much is that worth today?</a>
Munger's guidance extended beyond choosing whom to work for. He advocated for working only with people you enjoy being around, believing that this fosters both productivity and personal happiness. Additionally, he advised against selling anything you wouldn't buy for yourself, emphasizing the importance of honesty and integrity in all business dealings. According to Munger, adhering to such principles cultivates a good reputation and engenders trust and respect among peers and clients alike.
Munger cherished independence in decision-making. His career trajectory — from starting his own law firm to partnering with <a href="https://www.benzinga.com/personal-finance/24/04/38336007/warren-buffett-reveals-the-instructions-in-his-will-to-invest-90-of-wifes-inheritance-my-widow-w">Warren Buffett</a> — reflects his preference for steering his own course rather than being swayed by others' directives. This independence was key to achieving professional success and personal fulfillment, he said.
Munger's advice offers a timeless roadmap for navigating the complexities of career choices. By valuing respect, integrity and independence, professionals can aspire not just to succeed, but to do so on terms that respect their values and enhance their life's work. This blend of professional wisdom and personal integrity continues to draw admiration for Munger's legacy, guiding current and future generations in their career journeys.
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<li>How to turn a $100,000 investment into $1 Million — and<a href="https://www.benzinga.com/money/fam"> retire a millionaire.</a></li>
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Personal Finance

Charlie Munger Warned Against Making A 'Dangerous' Career Mistake — 'Don't Work For Anyone You Do Not Respect And Admire'

Oppenheimer analyst Jason Helfstein maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Outperform and lowers the price target from $585 to $500.

Oppenheimer Maintains Outperform on Meta Platforms, Lowers Price Target to $500

UBSI

United Bankshares Sees FY24 Outlook; Sees Net Interest Income To Be In The Range Of $900M-$915M For 2024. Expect The Net Interest To Remain Stable In 2024 Compared To Q1

With the Super Bowl over, here are the top 10 best-performing casino/gaming stocks of 2024

Warning: SGHC is at high risk of performing badly

Super Group reports Q4 results

Super Group (SGHC) Limited 2023 Q4 - Results - Earnings Call Presentation

Super Group (SGHC) Limited Q4 2023 Earnings Call Transcript

Super Group [Sghc] Ltd (SGHC) said before open Wednesday that it broke even in quarter four 2023.  The stock is up 11.5% to $3.49 after the report.The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.Wall Street Analysts had an average rating

Super Group [Sghc] Ltd Up 11.5% To $3.49 After Earnings

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on O-I Glass (OI – Research Report) and Super Gr...

Analysts Are Bullish on These Consumer Cyclical Stocks: O-I Glass (OI), Super Group (SGHC) (SGHC)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Super Group (SGHC) (SGHC – Research Report) and Grove Coll...

Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: Super Group (SGHC) (SGHC) and Grove Collaborative Holdings (GROV)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Finding <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> in today&rsquo;s market can be like searching for a needle in a haystack. With stocks regularly hitting new highs, it seems everything has already been bid up to nosebleed valuations. Determining a stock&rsquo;s fair value requires art as much as science &ndash; and predicting the unpredictable whims of Mr. Market is a fool&rsquo;s errand.



However, by taking a long-term view and focusing on fundamentals, it&rsquo;s possible to identify stocks trading at tempting discounts. For investors seeking market-trouncing returns, these undervalued stocks could supercharge portfolio performance. At the same time, their beaten-down prices provide a margin of safety that adds ballast in stormy seas. As investing legends like Warren Buffett and Benjamin Graham preached, buying high-quality companies at bargain prices is one of the surest paths to wealth creation.



With that in mind, here are seven undervalued stocks trading under $20 to look into:



<h2>Undervalued Stocks: Qurate Retail (QRTEA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/qrtea-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the Qurate Retail, Inc. (QRTEA) logo"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Qurate Retail Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/qrtea-stock-quote/">QRTEA</a>) specializes in video commerce and advertising across various platforms. We&rsquo;ve been witnessing a seismic shift in how digital advertising is executed as the world transitions away from televisions to mobile and computer screens. This explains why companies have dumped substantial amounts of money into the internet-driven digital realm. Firms like Qurate Retail stand out in this space.



What differentiates Qurate Retail is its focus on live shows featuring product demonstrations and exclusive sales to entice customers to purchase items. Management has also expanded the business into mobile apps and online commerce to keep the company relevant in today&rsquo;s marketplace.



However, Qurate Retail has faced immense pressure in recent years, as evidenced by the admittedly ugly stock chart. I believe a turnaround is brewing though, and getting in now could easily generate multibagger returns in the coming months or over the next few years if this turnaround proves successful.



The stock has plunged 93% over the past five years, but the bleeding has slowed and shares have traded sideways for over a year near $1. The primary problem is the $7.3 billion debt load causing substantial interest payments due to rate hikes, leading to rapid balance sheet erosion in recent years. Revenue declines due to scaled-back expansion have also impacted the top line, but helped stabilize the situation by improving profits. Losses are currently not at critical levels, and analysts actually expect <a href="https://seekingalpha.com/symbol/QRTEA/earnings/estimates">EPS of 66 cents for 2024</a>, putting the forward price-to-earnings ratio at just 1.7x. The stock also trades at 0.04x forward sales. I believe once rates inevitably decline, the company would be able to power out of the storm with massive cash flow that can then fund further top-line growth.



<h2>The Goodyear Tire &amp; Rubber Company (GT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/gt_goodyear1600-300x169.png" alt="Sign for Goodyear (GT) tire shop. The Goodyear Tire &amp; Rubber Company is an American tire manufacturing company."><div>Source: Roman Tiraspolsky / Shutterstock.com</div></div>The Goodyear Tire &amp; Rubber Company (NASDAQ:<a href="https://investorplace.com/stock-quotes/gt-stock-quote/">GT</a>) is a global leader in tire and rubber product manufacturing, operating across various regions worldwide. Their primary business involves developing, producing, distributing, and selling tires for diverse applications. Like many auto-related firms, Goodyear has faced challenges in recent years. While not as distressed as QRTEA, Goodyear faces headwinds nonetheless. However, I believe this stock is also gradually recovering and can generate multibagger gains moving forward.



Goodyear is deleveraging its balance sheet, which has $8.65 billion in debt against just $902 million in cash. Still, the company is keeping losses manageable despite substantial interest payments and rate hikes depressing car sales and the broader tire industry. Analysts foresee massive margin expansion in coming years. <a href="https://seekingalpha.com/symbol/GT/earnings/estimates">EPS is projected at $1.24 for 2024</a>, equating to a forward P/E of just 10x. EPS is expected to nearly double from 2024 to 2026. Revenue is also projected to stop declining in 2025 and resume modest but steady growth. I&rsquo;m focused on margins now. Once rate cuts commence, I expect Goodyear&rsquo;s business to make a rapid turnaround.



<h2>StoneCo (STNE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/stne-1600-300x169.jpg" alt="Cellphone with logo of Brazilian fintech business Stone Company (StoneCo) on screen in front of website"><div>Source: T. Schneider / Shutterstock.com</div></div>StoneCo (NASDAQ:<a href="https://investorplace.com/stock-quotes/stne-stock-quote/">STNE</a>) is a Brazilian fintech company (operates more like a bank) that boasts solid top-line growth, unlike the previous two turnaround plays. Revenue is expected to <a href="https://seekingalpha.com/symbol/STNE/earnings/estimates">climb from $2.6 billion in 2024 to $4 billion in 2027</a>, with accelerating growth, plus 20% average annual EPS expansion over the same period. Although the stock sits 82% off its 2021 peak, it has traded sideways for nearly two and a half years, an ideal setup for a discounted fintech stock at just 13x forward earnings. <a href="https://investorplace.com/industries/financial/fintech/">Fintech stocks</a> broadly face pressure amid an unattractive financial sector, but I foresee improvement in the coming years as the economy normalizes.



Notably, Brazil has been more successful with rate hikes and cuts, responding to inflation earlier. Ongoing rate cuts provide tailwinds, with the business already recovering. The guidance calls for a <a href="https://investors.stone.co/news-releases/news-release-details/stoneco-reports-fourth-quarter-and-fiscal-year-2023-results">31% net income CAGR</a> from 2024-2027. This is along with a staggering 90% credit portfolio CAGR. I believe the higher profits will fund expanding growth.



Revenue growth is far below the triple-digit rates seen just two years ago. However, rekindling 30%+ annual growth could prompt a major rerating. With $2.5 billion in cash against $1.1 billion in debt, StoneCo has ample capital to fund this growth when conditions allow. Thus, it is one of the must undervalued stocks, in my opinion.



<h2>PagSeguro (PAGS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/pags1600-300x169.jpg" alt="UOL Pagseguro credit and debit card machine called Minizinha."><div>Source: rafastockbr / Shutterstock.com</div></div>PagSeguro (NYSE:<a href="https://investorplace.com/stock-quotes/pags-stock-quote/">PAGS</a>) is another Brazilian fintech playing in many developing countries with immense potential for fintech growth. Its stock chart somewhat mirrors StoneCo&rsquo;s. However, PAGS has nearly doubled from its November 2023 trough, and I foresee further upside as the business prospers in a more favorable environment. Analysts anticipate <a href="https://seekingalpha.com/symbol/PAGS/earnings/estimates">7-8% annual revenue growth</a> moving forward, plus 15-20% average annual EPS expansion. This is terrific growth for a stock trading at just 11x forward earnings. With $597 million in cash against only $67 million in debt, the balance sheet appears very healthy too.



Brazil&rsquo;s rate cuts are morphing into growth tailwinds, evidenced by <a href="https://seekingalpha.com/article/4675126-pagseguros-pags-stock-solid-q4-earnings-favorable-guidance-attractive-valuations">PagSeguro&rsquo;s 11.8% TPV growth in Q4</a>. Furthermore, micro-merchant TPV grew 14% YoY in Q4, now benefiting from a mobile tap-on-phone solution. Combined with TPV in merchant acquiring, this led to a record R$27.6 billion in deposits, up 33% year-over-year. To me, these metrics point to a very bright future for PagSeguro. It also demonstrates that rate cuts are having a profoundly positive effect on Brazil&rsquo;s fintech sector. As cuts continue, I anticipate PagSeguro&rsquo;s share price will climb higher.



<h2>Qifu Technology (QFIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/strong-buy-stocks-300x169.jpg" alt='A tickerboard of various stocks, all rated "Strong Buy"'><div>Source: Shutterstock</div></div>Qifu Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/qfin-stock-quote/">QFIN</a>) is a Chinese Credit-Tech platform delivering comprehensive tech services to aid financial institutions, consumers, and SMEs throughout the loan lifecycle. Offerings range from borrower acquisition and initial credit evaluation to fund matching and post-funding services. Before you run away from this stock given China concerns, let&rsquo;s examine the fundamentals. Although shares are down 57% from the 2021 peak, they are essentially flat compared to March 2022 levels. I believe the latest spike could spur a breakout. The stock trades at a bit above $18 as of writing, and may break above $20 by the time you read this. I apologize if that turns out to be the case.



QFIN posted strong <a href="https://www.google.com/finance/quote/QFIN:NASDAQ">Q4 results</a>, with 15% YoY revenue growth beating estimates by 5.55%. That&rsquo;s alongside a 25% net margin. Qifu also unveiled a new $350 million buyback program starting in April 2024. Bearish China sentiment leaves shares at just 4.4x forward earnings. With $590 million in cash versus $113 million in debt, the balance sheet looks solid too. QFIN also pays a 4.4% dividend and churns out substantial profits. I expect this shareholder-friendly stock to appreciate further as analysts forecast ongoing double-digit EPS expansion. That makes it one of the most undervalued stocks you can buy right now.



<h2>Rush Street Interactive (RSI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/bank-lending-capital-1600-300x169.jpg" alt="hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills. Bank stocks"><div>Source: shutterstock.com/CC7</div></div>Rush Street Interactive (NYSE:<a href="https://investorplace.com/stock-quotes/rsi-stock-quote/">RSI</a>) has also been rangebound for nearly two years after initially sliding when the post-Covid boom subsided. However, I foresee significant upside ahead. RSI provides real-money online casino, online and retail sports betting, and social gaming services across the U.S., Canada, Mexico, and Latin America. Gambling and betting are booming &ndash; slower growth perhaps, but remarkable expansion as more states legalize it thanks to intense lobbying efforts. RSI is positioned to capitalize on this megatrend.



Shares have already recovered 90% over the past year, and I anticipate this trajectory will persist. <a href="https://seekingalpha.com/symbol/RSI/earnings/estimates">Revenue growth of 15% is expected in 2024</a>, while the stock trades at just 0.56x forward sales. It also goes for 30x 2025 EPS, a steal given further 31% projected growth in 2026 and ongoing rapid expansion thereafter. RSI trounced EPS estimates by 46% in 2023, and positive EPS is expected by mid-to-late 2024.



<h2>Super Group (SGHC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/sports-betting-stocks-300x169.jpg" alt="sports betting stocks man celebrating winning bet on match, bookmaker app"><div>Source: Motortion Films / Shutterstock.com</div></div>Super Group (NYSE:<a href="https://investorplace.com/stock-quotes/sghc-stock-quote/">SGHC</a>) is another online sports betting and gaming operator via its Betway and Spin brands. It benefits from the same tailwinds as Rush Street, so there&rsquo;s little to add except that SGHC is another turnaround candidate that could quickly break its two-year sideways trend. Based in Guernsey, it is expanding globally. As a SeekingAlpha <a href="https://seekingalpha.com/article/4655761-super-group-canada-is-a-growth-catalyst">analyst noted</a>, SGHC should have no trouble accelerating growth to the ~10% industry rate as Canada opens online gambling.



While analysts <a href="https://seekingalpha.com/symbol/SGHC/earnings/estimates">forecast nearly 100% EPS growth over 2024-2028</a>, I believe SGHC could dramatically outdo expectations with more jurisdictions approving online betting and gambling. It exceeded EPS projections by 322% in 2023.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-7-most-undervalued-stocks-to-buy-if-you-only-have-20/">The 7 Most Undervalued Stocks to Buy if You Only Have $20</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 7 Most Undervalued Stocks to Buy if You Only Have $20

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stock</a> investing presents a unique chance for people to turn little investments into substantial profits. Three penny companies stand out from the rest due to their robust operations and encouraging development trajectory. These businesses, which operate in various industries, including gambling and casinos, electronic manufacturing services, and application software, have a great deal of opportunity for investors looking for high yields.



The first is a major participant in the casino industry. The company exhibits a diversified top-line that reduces risks and guarantees steady profits despite difficult market circumstances. 



The second is positioned for consistent revenue growth and profitability because of its emphasis on sectors like automotive electronics and the Internet of Things and its dedication to operational efficiency. 



On the other hand, the third company&rsquo;s outstanding financial performance reversal and strategic actions meant to diversify income streams highlight the company&rsquo;s potential for quick expansion and profitability.



By delving into the trio&rsquo;s operational strengths and growth potential, one can capitalize on emerging opportunities in the stock market.



<h2>SGHC (SGHC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks"><div>Source: Shutterstock</div></div>Top-line diversity is one of SGHC&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/sghc-stock-quote/">SGHC</a>) main competitive advantages. The casino segment accounted for over 78% of net revenue in 2023. In Q4, this percentage<a href="https://s29.q4cdn.com/447816287/files/doc_financials/2023/q4/sghc_4q2023-earnings-call-transcript-final-3-8-24.pdf" target="_blank">&nbsp;rose to 85%</a>. Chief Executive Officer (CEO) Neal Menashe noted that this diversification reduces the risks related to swings in sports betting outcomes. The casino section was a solid anchor, even in a bad sports betting outcome.



Furthermore, the capacity to produce significant profits from sports betting and casino activities indicates a strong and durable business strategy. SGHC&rsquo;s diversified top-line facilitates its potential for quick expansion. Moreover, the number of clients at SGHC has grown progressively. In Q4, the average monthly user base&nbsp;<a href="https://investors.sghc.com/news/news-details/2024/Super-Group-Reports-Financial-Results-for-Fourth-Quarter-2023-and-Full-Year-2023/" target="_blank">reached 4.7 million</a>, up 38% year over year (YOY). Similarly, the average monthly client base increased by 43% YOY to 4 million for 2023.



Finally, the company&rsquo;s capacity to draw in and hold onto a sizable and devoted clientele is a key factor fueling its potential for quick expansion. Thus, strong consumer intention and new customer acquisitions propelled SGHC&rsquo;s customer growth even in the face of difficulties in some areas.



<h2>Data I/O (DAIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/data1600b-300x169.jpg" alt="Abstract Futuristic infographic with Visual data complexity , represent Big data concept, node base programming. storage stocks"><div>Source: Shutterstock</div></div>Data I/O (NASDAQ:<a href="https://investorplace.com/stock-quotes/daio-stock-quote/">DAIO</a>) demonstrates its focus on solid market lead and operational edge. 



Despite obstacles like Q3 client purchase delays, Data I/O was able to sustain sales growth all year. For instance, net sales for Q4 2023 were $6.9 million, a&nbsp;<a href="https://www.dataio.com/Articles/data-io-reports-fourth-quarter-2023-results" target="_blank">5% sequential increase</a>. This rise in steps shows how resilient and flexible the business is in adjusting to changing market conditions. 



Additionally, Data I/O&rsquo;s concentration on important areas like automotive electronics and IoT drives the rise in its revenue, as&nbsp;<a href="https://finance.yahoo.com/news/data-o-corporation-nasdaq-daio-150854872.html" target="_blank">63% of bookings&nbsp;</a>in 2023 came from these industries. Hence, this demonstrates a high demand for the company&rsquo;s offerings in these fields.



At the bottom line, the company&rsquo;s gross margin for<a href="https://finance.yahoo.com/news/data-o-corporation-nasdaq-daio-150854872.html" target="_blank">&nbsp;Q4 was 58.0%, up</a>&nbsp;from 55.5% during Q4 2022. Likewise, the gross margin for 2023 increased to 57.7% from 54.5% in 2022. Specifically, the company could distribute fixed expenses over a bigger revenue base in 2023 because of economies of scale, which were made possible by Data I/O&rsquo;s increasing sales volume.



Overall, the company optimized its procurement procedures and negotiated advantageous supplier contracts as part of its strategy to lower material prices.



<h2>BTCS (BTCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/blockchain-300x169.png" alt="An image of 4 cubes connected in a web; blockchain"><div>Source: Venomous Vector/Shutterstock</div></div>BTCS (NASDAQ:<a href="https://investorplace.com/stock-quotes/btcs-stock-quote/">BTCS</a>) recorded a&nbsp;<a href="https://www.globenewswire.com/news-release/2024/03/22/2850934/0/en/BTCS-Reports-2023-Results.html" target="_blank">$7.8 million net income</a>&nbsp;in 2023 instead of a $15.9 million net loss in 2022. The significant increase in net income between 2022 and 2023 shows how BTCS can improve operational effectiveness and profitability. 



This advancement is a key strength that shows the organization has room to develop quickly. Through efficient cost control, implementing new accounting guidelines, and seizing market possibilities, BTCS improved its financial performance significantly.



Furthermore, BTCS kept its gross margin in&nbsp;<a href="https://www.globenewswire.com/news-release/2024/03/22/2850934/0/en/BTCS-Reports-2023-Results.html" target="_blank">2023 at 73%,</a>&nbsp;just less than the 75% margin in 2022. This consistency shows that the business can control manufacturing costs and maintain profitability. A steady gross margin is a key component that helps BTCS maintain development by guaranteeing profitability even during sales volatility.



Finally, the company&rsquo;s<a href="https://www.btcs.com/wp-content/uploads/2024/01/BTCS-Investor-Presentation-January-2024.pdf" target="_blank">&nbsp;strategic initiatives</a> &ndash; Builder+, ChainQ, and StakeSeeker &ndash; aim to expand and diversify income sources. These programs show that BTCS approaches innovation and income generation proactively. And this is vital for maintaining quick development in a changing industry.



On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a>
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-penny-stocks-to-turn-100-into-15k-by-2028/">3 Penny Stocks to Turn $100 into $15K by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Penny Stocks to Turn $100 into $15K by 2028

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