Stellantis Stock (NYSE:STLA), Trade Ideas

Stellantis

Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world's fifth-largest automaker, with 14 automobile brands. In 2023, pro forma Stellantis had sales volume of 6.2 million vehicles and EUR 189.5 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis' largest market, accounting for 44% of 2023 global volume while North America and South America were 29% and 15%, respectively.

Top,View,Of,Numerous,Cars,In,A,Traffic,Jam,In

Equities

News

Media

General

ADNT

RNSDF

STLA

VWAGY

Adient has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The plan primarily consists of workforce reductions and the transfer of work to countries with lower labor costs.

Automotive Seating Maker Adient To Slash Jobs In Europe

Ev,Charging,Station,For,Electric,Car,In,Concept,Of,Green

Eurozone

Global

Markets

Tech

TSLA

The decrease in demand for EVs has led to a surplus, congesting ports and prompting manufacturers to scale back production.

European EV Makers Say Climate Goals At Risk As Electric Car Market Is No Longer Growing: &#39;People Just Don&#39;t Earn Enough To Buy These...&#39;

XPEV

March data showed that passenger-car sales in Europe fell 2.8%. On Thursday, the European Automobile Manufacturers’ Association (ACEA) revealed that registrations of new vehicles declined 5.2% to 1.38 million units in March, with BEV sales dropping 11.3%.

Europe Needs A New Strategy For The EV Race

Stellantis NV

The U.S. Supreme Court is preparing to review a case on Thursday that questions if former President Donald Trump can assert immunity from prosecution for actions carried out during his term in office.
What Happened: This case is the first of its kind where the Supreme Court is examining an appeal from one of Trump&#8217;s four criminal indictments. Trump&#8217;s defense, which claims immunity from prosecution even post-presidency, has been rejected by two lower courts previously, <a href="https://thehill.com/regulation/court-battles/4618415-supreme-court-to-consider-whether-president-trump-is-immune-from-prosecution/">reported</a> The Hill.
Three justices on the bench, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett, were nominated by Trump. However, the court&#8217;s verdict could potentially challenge Trump&#8217;s assertion that he should not be prosecuted.
Critics argue that a ruling favoring Trump could disrupt the balance of power in the U.S., giving undue authority to presidents during and after their term. Conversely, Trump maintains that the presidency cannot operate without immunity, as it would expose officeholders to extortion and unfair retribution.
&#8220;It's so fundamental to the presidency, where a president is truly trying to corrupt the system and perpetuate himself in office,&#8221; said John Dean, former White House counsel to President Richard Nixon, according to the report.
Jack Smith, the special counsel leading the federal prosecutors, argues that presidents, like all citizens, should be accountable for their actions. He dismisses the idea that this would weaken presidential power.
See Also: <a href="https://www.benzinga.com/news/24/04/38368085/what-happens-if-trump-gets-convicted-will-he-go-to-prison-heres-how-it-likely-to-play-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What Happens If Trump Gets Convicted? Will He Go To Prison? — Here&#8217;s How It&#8217;s Likely To Play Out</a>
The Supreme Court&#8217;s decision timing could greatly affect the progress of Trump&#8217;s other criminal cases, particularly if he regains the presidency in the forthcoming election. The case is also being monitored for its potential impact on the scheduling of Trump&#8217;s trials.
Legal experts have observed that the lower courts&#8217; strong disapproval of Trump&#8217;s arguments might suggest a similar reaction from the conservative-majority Supreme Court. The justices&#8217; position will become more apparent when they convene on Thursday.
Why It Matters: Trump&#8217;s Supreme Court case, focusing on presidential immunity amid criminal charges for election interference, had strategic implications. While the Court might not fully support Trump&#8217;s immunity claim, a <a href="https://www.benzinga.com/news/24/04/38348880/donald-trump-could-still-win-even-if-he-loses-in-supreme-court-over-presidential-immunity-claim">redirection to a lower court</a>, potentially delaying proceedings, aligned with his interests. The case, involving false election certificates submitted by Trump, could have seen further delays and nuanced rulings regarding presidential immunity.
Adding to the complexity, Trump&#8217;s <a href="https://www.benzinga.com/news/24/04/38262159/trumps-request-to-attend-supreme-court-hearing-barrons-high-school-graduation-denied-by-hush-money-t">request to attend</a> the Supreme Court arguments was denied amidst his ongoing hush money trial in New York, as reported by <a href="https://www.benzinga.com/news/24/04/38262159/trumps-request-to-attend-supreme-court-hearing-barrons-high-school-graduation-denied-by-hush-money-t">Benzinga</a> earlier this month.
Photo courtesy: Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38356833/liz-cheney-says-trump-doing-everything-possible-to-postpone-jan-6-case-beyond-election-deep-flaws-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character…Make Him Unfit To Serve As President&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Politics

Trump's Presidential Immunity Claim Under Supreme Court Review: 'It's So Fundamental To The Presidency'

Former President Donald Trump&#8217;s close allies, including Boris Epshteyn, Mark Meadows, and Rudy Giuliani, have been indicted by an Arizona grand jury. The indictment pertains to their alleged involvement in attempts to overturn the 2020 election results.
What Happened: The Arizona grand jury handed down an indictment against several individuals associated with Trump&#8217;s 2020 campaign. These individuals stand accused of trying to subvert the election results, including the fraudulent electors from Arizona, <a href="https://edition.cnn.com/2024/04/24/politics/arizona-criminal-charges-2020-election-subversion/index.html">reported</a> CNN on Wednesday.
Among the indicted are Epshteyn, a former White House aide and one of Trump&#8217;s closest advisers, former White House chief of staff Meadows, and former New York Mayor Giuliani, as per a source familiar with the investigation, according to CNN .
See Also: <a href="https://www.benzinga.com/general/politics/24/04/38362005/donald-trump-may-soon-receive-36-million-more-djt-shares-key-milestone-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump May Soon Receive An Additional $1.26B In DJT Shares: Key Milestone Ahead (UPDATED)</a>
Arizona Attorney General Kris Mayes announced the indictment on Wednesday night, focusing on the 11 individuals who acted as pro-Trump electors in the state. The names of several other indicted defendants remain redacted until they have been served, Mayes stated.
While Trump himself has not been charged in Arizona, the indictment details suggest he is referred to as &#8220;Unindicted Coconspirator 1&#8221;.
Why It Matters: The indictment of Trump&#8217;s allies in Arizona marks a significant development in the ongoing legal battles surrounding the 2020 election. 
In an interview with Fox News in August 2023, Rep. Marjorie Taylor Greene (R-Ga), a staunch Trump supporter, suggested that the ex-president could potentially <a href="https://www.benzinga.com/news/23/08/33956035/marjorie-taylor-greene-says-donald-trump-may-face-fifth-indictment-in-arizona?itm_source=parsely-api">face a fifth indictment</a>, this time in Arizona, based on a similar alleged fraudulent elector scheme aimed at undermining President Joe Biden&#8217;s narrow victory in the state. 
Image made using photos on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38349699/marjorie-taylor-greene-says-mike-johnsons-speakership-is-over-after-house-passes-ukraine-aid-package?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Says Mike Johnson&#8217;s Speakership Is &#8216;Over&#8217; After House Passes Ukraine Aid Package: &#8216;Resign And Allow Us To Move Forward&#8217;</a>
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump Allies Giuliani, Meadows Indicted By Arizona Grand Jury For Alleged 2020 Election Subversion — Ex-President Possibly 'Unindicted Co-conspirator 1': Report

APDN

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

WNBA star Brittney Griner is sharing her story for the first time about spending 10 months in a Russian prison in a special edition of 20/20.
In a clip of the emotional interview, Griner shared her experience of having been <a href="https://www.benzinga.com/markets/cannabis/22/03/26007231/breaking-russia-detains-wnba-all-star-brittney-griner-for-alleged-possession-of-hash-oil">arrested and incarcerated</a> after a small amount of cannabis oil was found in her suitcase at a Moscow airport. At the time, Feb. 17, 2022 — just one week before Russia invaded Ukraine — Griner was heading back to Russia where she played for seven years during the off-season from her U.S. team, a center for the Phoenix Mercury.
"I was just so scared for everything because there&#8217;s so much unknown," Griner <a href="https://abcnews.go.com/US/wnba-star-brittney-griner-opens-harrowing-russian-detention/story?id=109495984">told</a> ABC's&nbsp;Robin Roberts,&nbsp;co-anchor of&nbsp;Good Morning America.
Roberts asked Griner what was going on in her mind when she realized that the cannabis cartridges were found in her luggage. Griner, a medical marijuana patient in the U.S., said she realized immediately that her mistake could have devastating consequences.
"My life is over right here," Griner answered. 
Griner admitted that the conditions were so terrible that she had thoughts of ending her life. "The mattress had a huge blood stain on it. I had no soap, no toilet paper. That was the moment where I just felt less than a human," she told Roberts. "I just didn&#8217;t think I could get through what I needed to get through.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="1st look at Brittney Griner&#039;s interview" width="500" height="281" src="https://www.youtube.com/embed/ovmtrgsjwYA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
When Griner <a href="https://www.benzinga.com/markets/cannabis/22/07/27987966/breaking-brittney-griner-pleads-guilty-biden-lashes-out-over-her-detention-russia-calls-it-hype-">pleaded guilty to drug charges</a> in July 2022, she told a judge in Moscow that she accidentally packed the vape cartridges in her luggage and did not intentionally break Russian law. 
Sentenced to <a href="https://www.benzinga.com/markets/cannabis/22/08/28355539/closing-remarks-in-brittney-griner-case-verdict-and-sentencing-expected-soon">nine years in prison</a> in August, Griner was released on Dec. 8 in a prisoner swap for Russian arms dealer&nbsp;Viktor Bout. But not before being moved to a <a href="https://www.benzinga.com/markets/cannabis/22/11/29642858/brittney-griner-being-moved-to-russian-penal-colony-her-lawyers-dont-yet-know-exact-location">notorious penal colony</a>.
In addition to the exclusive interview, Griner&#8217;s <a href="https://www.benzinga.com/markets/cannabis/23/12/36147628/brittney-griner-will-exclusively-share-her-story-across-multiple-platforms-via-espn-disney-partn">story is the subject of an ESPN documentary</a> and a potential scripted series with ABC detailing her experience.
Photo: Courtesy of ESPN press room

Cannabis

Entertainment

Sports

Brittney Griner Talks For The First Time About Her Russian Detention In Exclusive '20/20' Special

For the first time in more than 130 years, voters will likely choose between two candidates with presidential experience for the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Here's a look at who voters in swing states currently favor in a 2020 election rematch of Donald Trump and Joe Biden.
What Happened: A close race is expected between Biden and Trump in the 2024 election based on election polls <a href="https://www.benzinga.com/general/sports-betting/24/04/38417836/trump-and-biden-get-ready-2024-election-betting-odds-point-to-major-showdown">and betting odds.</a>
Key demographics like young voters and old voters could play an important role in the election, along with <a href="https://www.benzinga.com/topic/swing-states">key swing states.</a>
A new poll of voters in swing states shows Biden gaining ground over Trump, who has led the way in these key states in recent months.
Here are the results of the recent swing state <a href="https://pro.morningconsult.com/analysis/swing-state-polling-april-2024">poll </a>from Morning Consult for the month of April, with the results from March in parentheses.
Arizona: 49% Trump (48%), 42% Biden (43%)
Georgia: 49% Trump (49%), 43% Biden (42%)
Michigan: 47% Biden (45%), 45% Trump (45%)
Nevada: 51% Trump (46%), 43% Biden (44%)
North Carolina: 51% Trump (49%), 41% Biden (43%)
Pennsylvania: 47% Trump (45%), 46% Biden (45%)
Wisconsin: 48% Trump (45%), 44% Biden (46%)
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38358680/can-biden-or-trump-build-ikea-furniture-2024-election-polls-may-have-gone-too-far">Can Biden Or Trump Build IKEA Furniture? 2024 Election Polls May Have Gone Too Far</a>
Why It's Important: The new poll shows Trump gaining support in Arizona, Nevada, North Carolina, Pennsylvania and Wisconsin. Trump has some of his biggest leads in Arizona, Nevada and North Carolina since polling began in October 2023 for the swing states.
Biden gained support in Georgia, Michigan and Pennsylvania, but lost support in several states. The key win for the current president is taking a lead in Michigan for the first time since polling began in October.
The new poll also showed Biden gaining voter trust on several items including Medicare and Social Security.
The <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol">seven swing states </a>together represent 93 electoral votes in the 2024 election. Six of the seven swing states were won by Biden in the 2020 election, with Trump winning North Carolina. Five of the seven swing states won by Biden in 2020 flipped from Trump to Biden in the election, including Arizona, Michigan and Wisconsin.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38366379/trump-committed-conspiracy-to-undermine-the-integrity-of-a-presidential-election-prosecution-all">Trump Committed &#8216;Conspiracy To Undermine The Integrity Of A Presidential Election,&#8217; Prosecution Alleges In Hush Money Trial</a>
Photo: Shutterstock

Trump Vs. Biden: Former President Dominates Swing States, But Loses One For First Time In New 2024 Election Poll

If you're the parent of a child under 12 and have streaming platform Disney+, there's a good chance you've watched Australian <a href="https://www.benzinga.com/general/entertainment/23/12/36400565/is-disneys-percy-jackson-reboot-a-streaming-sensation-the-impact-of-new-shows-and-blueys-tr">animated hit &#8220;Bluey.</a>&#8220;
The show is turning in big numbers for Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), but the company also hinted at the show ending or having less content going forward.
What Happened: Streaming platform Disney+, part of the Walt Disney Company, has one of the<a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con"> largest content libraries</a> of family-based content, which is a draw to getting adults with children to subscribe to the platform.
Among the hit shows on Disney+ is the Australian show "Bluey," with Disney having the rights in the U.S. The show has drawn praise from kids and from parents, thanks to its relatable storylines.
On April 14, Disney+ aired the episode "The Sign" from the third season of the show. At 28 minutes, the episode was around three times longer than most episodes.
The episode had 10.4 million views globally in its first week on Disney+, <a href="https://www.hollywoodreporter.com/tv/tv-news/bluey-the-sign-ratings-disney-plus-1235879242/">according </a>to The Hollywood Reporter. This ranked as the most-watched episode in the show's history and had the biggest viewership for a Disney Junior show on Disney+.
This episode and its predecessor "Ghostbasket" left fans asking questions about the future as the Heeler family featured on "Bluey" dealt with a potential sale of their home and a move to another city.
Fans were treated to a surprise with the season 3 finale episode appropriately titled, "Surprise."
The episode included a flash forward to main character Bluey as an adult and with a child —&nbsp;leaving more questions about if the show is ending, as many voiced on social media that it felt more like a series finale than a season finale.
Related Link:<a href="https://www.benzinga.com/news/earnings/24/02/36993564/disney-invests-1-5b-in-fortnite-owner-epic-games-in-biggest-ever-gaming-entry-posts-q1-earnings-bea"> Disney Invests $1.5B In Fortnite Owner Epic Games In &#8216;Biggest Ever&#8217; Gaming Entry, Posts Q1 Earnings Beat, Revenue Miss</a>
What's Next: Show creator Joe Brumm told The Hollywood Reporter in 2023 that the BBC, which originally commissioned the show alongside Australia's ABC, to not talk about the kids' voices or the future of the show.&nbsp;
Brumm has also said he's taking a break after the third season, which added to the speculation about the show's future.&nbsp;
A producer of "Bluey" recently confirmed to <a href="https://www.bbc.com/news/entertainment-arts-68795941">BBC </a>that the show will return in the future. Another producer also said it would be a "dream" to make a movie based on Bluey and her family in the future.
"Bluey" debuted on the streaming platform in 2020, becoming one of the most-watched shows in the U.S. on streaming platforms. Data from Nielsen showed the series had an average of 1.19 billion minutes viewed per week across a three-season library of 150 episodes.
The children's show is the most streamed show in the U.S. in 2024 based on viewing time tracked by Nielsen. The show ranked second in 2023 and sixth in 2022.
The show has been a huge hit for Disney and a gap between seasons or an end to the show could eliminate one of the key pieces of content.&nbsp;
In a highly competitive streaming market, platforms need shows like "Bluey" that aren't available other places and are must-watch content for at least one age demographic.
With its appeal to kids and parents alike, "Bluey" hits multiple demographics.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/03/37701205/taylor-swift-concert-film-hits-streaming-heres-how-to-watch-the-eras-tour-taylors-version">Taylor Swift Concert Film Hits Streaming: Here&#8217;s How To Watch &#8216;The Eras Tour (Taylor&#8217;s Version)&#8217;</a>
Photo: Courtesy Disney+ UK

Bluey Dominates Ratings For Disney+: Kids, Parents Hoping Hit Show Not Over

<h1 class="wp-block-heading">Top Stories for April 24, 2024:</h1>
<ol>
<li>American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) updated <a href="https://www.benzinga.com/news/24/04/38404516/american-battery-technology-company-publishes-updated-initial-assessment-and-economic-analysis-for-t">its initial assessment</a> for the Tonopah Flats Lithium Project (TFLP).</li>
</ol>
It refined the project&#8217;s scope to use only measured and indicated mineral resources, excluding the more speculative inferred resources.&nbsp;
This strategy improves the project's economics by enhancing access to higher-quality resources and optimizing processing at its newly built demonstration facility. 
Key updates include a 7% reduction in total processed claystone, an 8% increase in lithium grade, a 7% decrease in production costs and a 6% rise in the project&#8217;s net present value to $4.67 billion.
<ol start="2">
<li>Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported first-quarter results, with net sales of $4.7 billion and net income of $584 million. </li>
</ol>
Highlights include 3.3 million tons of steel shipments, operating income of $751 million and adjusted EBITDA of $879 million.&nbsp;
The company&#8217;s financial health was further supported by liquidity of $3.1 billion and shareholder returns through $298 million in stock repurchases and an 8% dividend increase.&nbsp;
Demand was solid across sectors, particularly automotive and construction, driving sequential improvements in earnings and operational performance.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/24/04/38390383/copper-prices-approach-2-year-highs-whats-behind-analysts-12-000-price-prediction-for-2026">Copper Prices Approach 2-Year Highs: What&#8217;s Behind Analyst&#8217;s $12,000 Price Prediction For 2026?</a>
<ol start="3">
<li>Gold Royalty Corp (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) entered into a three-year mutual cooperation agreement with Taurus Mining Royalty Fund that allows both parties to co-invest in precious metals royalties and streams. </li>
</ol>
The agreement focuses on assets valued at $30 million or more and provides a framework for identifying and evaluating co-investment opportunities, with the option for each party to invest 25% to 50% in selected transactions.&nbsp;
Additionally, any future sales of interests acquired through this partnership will offer first rights to the other partner.
<ol start="4">
<li>Coeur Mining Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) released its 2023 ESG Report, emphasizing its progress in environmental, social and governance efforts aligned with shareholder value. </li>
</ol>
The report highlights Coeur&#8217;s achievement of the lowest injury rate among peers at 0.46 and its adoption of the Global Industry Standard on Tailings Management (placing it among the top 17% of non-International Council on Mining and Metals companies).
The company also shared its commitment to biodiversity through the Biodiversity Management Standard and advancements in climate resilience, aiming for a 35% reduction in GHG emissions by the end of 2024.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/m-a/24/04/38405991/equinox-gold-snaps-up-greenstone-gold-mines-for-995m-in-incredibly-rare-deal">Equinox Gold Snaps Up Greenstone Gold Mines For $995 Million In &#8216;Incredibly Rare&#8217; Deal</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Jose Luis Stephens via Shutterstock.

Commodities

ABAT

GROY

STLD

American Battery Optimizes Lithium Project; Steel Dynamics Reports Q1 Results; Gold Royalty Teams Up With Taurus Mining And More: Wednesday's Top Mining Stories

Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $0.02 by 250 percent. The company reported quarterly sales of $296.211 million which missed the analyst consensus estimate of $296.725 million by 0.17 percent. This is a 18.44 percent increase over sales of $250.084 million the same period last year.

Earnings

Earnings Misses

Helix Energy Solns Gr Q1 2024 Adj EPS $(0.03) Misses $0.02 Estimate, Sales $296.211M Miss $296.725M Estimate

National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.76 by 7.89 percent. This is a 22.64 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $101.724 million which missed the analyst consensus estimate of $103.683 million by 1.89 percent. This is a 7.15 percent decrease over sales of $109.554 million the same period last year.

Earnings Beats

NBHC

National Bank Holdings Q1 2024 GAAP EPS $0.82 Beats $0.76 Estimate, Sales $101.724M Miss $103.683M Estimate

In June 2022, New York Gov. Kathy Hochul announced a deal had finally been reached to <a href="https://www.benzinga.com/markets/cannabis/22/01/24932856/new-york-gov-kathy-hochul-pledges-200m-to-boost-social-equity-efforts-as-part-of-cannabis-legali">fund a $200 million public-private effort</a>, which would finance cannabis dispensaries run by the people who have been the most impacted by the war on drugs.
The much-anticipated public-private fund is now coming under scrutiny following an <a href="https://www.thecity.nyc/2024/04/24/cannabis-fund-social-equity-dispensary/">investigation</a> by THE CITY&#8217;s Rosalind Adams, which uncovered a "lopsided deal" favoring the private equity firm Chicago Atlantic Group and raising concerns about the state's social equity goals. 
The agreement heavily favors Chicago Atlantic, leaving the state exposed to significant risks, noted the outlet.
Even the New York Office of Cannabis Management (OCM) cast doubts on the fund&#8217;s viability according to internal OCM documents that questioned whether the deal had overstated the potential revenue and profit potential.
<h1 class="wp-block-heading">What Happened</h1>
New York state, unable to secure a private equity partner, agreed to a $50 million loan from Chicago Atlantic at a 15% interest rate, with all risk borne by the state.
Critics, including Reinvent Albany, an organization that advocates for government transparency and accountability, deemed the deal to have been detrimental to the state and prospective dispensary owners. Legal experts and consultants likened it to distressed debt lending.
Despite the skepticism and advice against the arrangement, negotiations ultimately led to a secret agreement benefiting Chicago Atlantic.
Previously, THE CITY revealed how cannabis licensees who accept loans from the social equity fund are burdened with high construction costs that they don't control and with interest rates that exceed the state's initial estimates.
"Everyone is worried about defaulting because of the rules and regulations of this loan," said Roland Conner, who runs <a href="https://www.benzinga.com/markets/cannabis/23/01/30496199/ny-gov-hochul-announces-opening-of-first-cannabis-shop-owned-by-person-impacted-by-war-on-drugs">Smacked on Bleecker Street</a> in Greenwich Village, the first legal dispensary owned by a person affected by the drug war.
<h1 class="wp-block-heading">Who's Responsible?</h1>
Details of the deal are still secret, with New York state authorities denying Freedom of Information Law requests. The state comptroller&#8217;s office and key lawmakers say they were not informed or involved in the making of the deal, exposing a shocking lack of oversight.
Meanwhile, Chicago Atlantic secured favorable terms, including leasing rights and a $100 million commitment for property development, raising yet more concerns about profiteering at the expense of marginalized communities.
<h1 class="wp-block-heading">Corruption Or Ineptitude?</h1>
The handling of New York&#8217;s cannabis program seems to reflect a corrosive mix of both ineptitude and potential corruption. While officials may have sought to support marginalized groups, their actions suggest a lack of due diligence and transparency.
One element of the story, which you can read in full <a href="https://www.thecity.nyc/2024/04/24/cannabis-fund-social-equity-dispensary/">here</a>, is that social equity applicants are furious.
A Queens shop owner, Dalessio, who was awarded a retail license designated for people impacted by past drug convictions told THE CITY that after a year of back and forth with the fund, he walked away from the deal.
"It just left such a bad taste in my mouth. I warned everyone I could to stay away from this deal," he said.
Photo: Courtesy of Branding Pot via Shutterstock

Government

Legal

Cannabis Saga In The Empire State: Corruption Or Ineptitude? Private Equity Tramples Social Equity, Report Reveals

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) reported quarterly Adj earnings of $0.13 per share which met the analyst consensus estimate. The company reported quarterly sales of $277.600 million which beat the analyst consensus estimate of $272.000 million by 2.06 percent. This is a 10.38 percent increase over sales of $251.500 million the same period last year.

Alamos Gold Q1 Adj EPS $0.13, Inline, Sales $277.600M Beat $272.000M Estimate

Piper Sandler analyst Clarke Jeffries maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Overweight and maintains $520 price target.

Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Tyler Technologies, Maintains $520 Price Target

Rogers, who will continue to serve as a director of Mativ and will assume the role of Audit Committee Chair.

Management

MATV

Mativ Holdings Appoints Kimberly Ritrievi As Chair Of Board, Succeeding John Rogers

First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.59 by 10.17 percent. This is a 24.42 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $57.341 million which missed the analyst consensus estimate of $59.927 million by 4.32 percent. This is a 11.68 percent decrease over sales of $64.926 million the same period last year.

FBMS

First Bancshares Q1 2024 Adj EPS $0.65 Beats $0.59 Estimate, Sales $57.341M Miss $59.927M Estimate

Guidance

Veris Residential Raises FY24 Core FFO Per Share Outlook From $0.48-$0.53 To $0.50-$0.54, Est $0.53

Colony Bankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NASDAQ">CBAN</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.31 by 6.45 percent. This is a 6.45 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $28.141 million which beat the analyst consensus estimate of $27.600 million by 1.96 percent. This is a 0.30 percent decrease over sales of $28.227 million the same period last year.

CBAN

Colony Bankcorp Q1 2024 Adj EPS $0.33 Beats $0.31 Estimate, Sales $28.141M Beat $27.600M Estimate

Needham analyst Mike Matson maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $71 to $82.

Needham Maintains Buy on Boston Scientific, Raises Price Target to $82

CVB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 16.67 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $126.574 million which beat the analyst consensus estimate of $116.576 million by 8.58 percent. This is a 8.89 percent decrease over sales of $138.930 million the same period last year.

CVBF

CVB Financial Q1 2024 GAAP EPS $0.35 Beats $0.34 Estimate, Sales $126.574M Beat $116.576M Estimate

Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.25 by 4 percent. This is a 35.14 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $26.181 million which missed the analyst consensus estimate of $27.033 million by 3.15 percent. This is a 13.50 percent decrease over sales of $30.267 million the same period last year.

Bridgewater Bancshares Q1 2024 GAAP EPS $0.24 Misses $0.25 Estimate, Sales $26.181M Miss $27.033M Estimate

U.S. President Joe Biden&#8216;s recent signing of legislation has thrown ByteDance&#8217;s TikTok into the spotlight, with CEO Shou Zi Chew saying <a href="https://www.benzinga.com/news/24/03/38001945/amid-us-china-tussle-tiktok-content-creators-worry-about-bread-and-butter-if-app-ban-succeeds">the platform will fight back.</a>
&#8220;Make no mistake, this is a ban, a ban on TikTok and a ban on you and your voice,&#8221; the CEO said in a two-minute&nbsp;<a href="https://www.tiktok.com/@tiktok/video/7361448925972155679" target="_blank" rel="noreferrer noopener">video</a>&nbsp;posted to TikTok&#8217;s main corporate account.
See Also: <a href="https://www.benzinga.com/news/24/04/38372058/analyst-predicts-tiktok-shutdown-in-us-by-next-year-ahead-of-senate-vote-will-not-operate-here">Analyst Predicts TikTok Shutdown In US By Next Year Ahead Of Senate Vote: &#8216;Will Not Operate Here&#8230;&#8217;</a>
Chew&#8217;s statement, delivered Wednesday, April 24, continued: &#8220;Politicians may say otherwise. But don't get confused. Many who sponsored the bill admit a TikTok ban is their ultimate goal.&#8221;
The legislation, part of a $95 million foreign aid package supporting Israel and Ukraine, was widely supported by the U.S. Senate and the House of Representatives.
It gives ByteDance, TikTok&#8217;s parent company, 270 days to find new owners. If ByteDance fails to comply, TikTok faces removal from Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google app stores in the U.S., People magazine <a href="https://people.com/tiktok-ceo-says-we-arent-going-anywhere-biden-signs-potential-ban-into-law-8638226">reported. </a>
Additionally, there&#8217;s a provision for a three-month extension if a sale is in progress by the initial deadline.
<h1 class="wp-block-heading">ByteDance&#8217;s TikTok Fights Back Against Ban</h1>
TikTok&#8217;s uncertain future stems from discussions that began during the COVID-19 pandemic. Former President Donald Trump initially proposed banning the app in April 2020, a move later paused by the Biden administration in February 2021. Currently, TikTok boasts 170 million American users.
The legislation presents concerns about security, with fears that TikTok could be used for Chinese surveillance or data access. TikTok denies these allegations, and the Chinese government asserts there&#8217;s no evidence supporting claims of national security threats. 
TikTok plans to challenge the legislation, citing freedom of speech. In his video, Chew expressed confidence in their legal fight: &#8220;Rest assured, we aren&#8217;t going anywhere.&#8221; 
&#8220;We are confident and we will keep fighting for your rights in the courts&#8230; The facts and the U.S. Constitution are on our side, and we expect to prevail again,&#8221; he added. 
<h1 class="wp-block-heading">Can I Keep Using TikTok? Exploring The Ban&#8217;s Impact</h1>
Don&#8217;t worry, TikTok won&#8217;t just vanish from your phone overnight.
It&#8217;s likely to be at least a year before any ban takes effect, with potential legal challenges possibly extending the timeline further. While TikTok has succeeded in court before, this marks a new challenge against federal legislation.
Concerning your TikTok app, it&#8217;s unlikely to disappear from your phone immediately. However, if the ban goes into effect it may vanish from Apple and Google&#8217;s app stores, meaning no new downloads, updates, or fixes, as <a href="https://www.nbcnewyork.com/news/national-international/tiktok-ban-us-what-to-know/5350848/#:~:text=No%2C%20TikTok%20will%20not%20suddenly%20disappear%20from%20your%20phone.">per</a> NBC New York. 
Over time, this could pose security risks and usability challenges.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358239/microsoft-and-oracle-could-be-tiktoks-likely-buyers-but-real-winners-would-be-mark-">Microsoft And Oracle Could Be TikTok&#8217;s &#8216;Likely Buyers,&#8217; But Real Winners Would Be Mark Zuckerberg And Sundar Pichai</a>
Photo: <a href="https://www.shutterstock.com/es/g/salarko">salarko</a> on Shutterstock.

Asia

Regulations

Social Media

AAPL

GOOGL

TikTok Fights Back, 'We Aren't Going Anywhere': What's Next For Users?

Jefferies analyst Philippe Houchois maintained a Buy rating on Stellantis (STLA – Research Report) today and set a price target of €26.00. The comp...

Stellantis (STLA) Gets a Buy from Jefferies

Adient to cut European workforce, move jobs to countries with cheaper labor

Stellantis N.V. (IT:STLAM) has released an update. Stellantis N.V. reported progress on its 2024 Share Buyback Program, having repurchased €29.4 mi...

Stellantis N.V. Advances Share Buyback Program

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Artificial intelligence (AI) may have been the name of the game for the past year or so, but it&rsquo;s not the only game in town. Wall Street has been watching other sectors for growth opportunities, particularly as valuations have gotten into the nose-bleed section.&nbsp;



As much of a rocketship as Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) stock was, it was not cheap by any stretch. Even with shares in official correction territory and down 20% from their all-time high, the AI stock still goes for 65 times earnings, 32 times sales and 72 times the free cash flow it produces. That&rsquo;s hardly a bargain-basement valuation.



Because there are more fish to fry with potential big gains to be made, JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) analysts cast a wide net when looking for stocks to recommend. While investors always need to be careful when looking at analyst recommendations because their firms may have a financial interest in boosting a stock, here are three stocks the white shoe firm says can grow 53% or more over the next year.



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/achr1600-2-300x169.png" alt="Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>The electric vertical takeoff and landing (eVTOL) industry hasn&rsquo;t even taxied onto the runway yet. Still, JPMorgan analyst Reginald Smith says Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>) will be one of the companies that will help it take flight. The Wall Street Pro has a buy rating on the stock and set an $8 per share one-year price target. That implies a 118% upside over the next year and is worth looking at more closely.



Like fellow eVTOL stock Joby Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/joby-stock-quote/">JOBY</a>), Archer is wending its way through the regulatory labyrinth the Federal Aviation Administration devised before it can get airborne. Archer says it is on track to launch its commercial robotaxi service after gaining flight certification next year.&nbsp;



The eVTOL has important industry backing from automakers, airlines, NASA, and the U.S. Air Force. Archer says it has an <a href="https://investorplace.com/2024/04/amc-archer-and-xpeng-the-trio-thats-got-wall-street-analysts-buzzing/">order book for 700 aircraft</a> once it receives FAA approval, the United Arab Emirates will let it launch its service once the FAA gives it the green light and Stellantis (NYSE:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/">STLA</a>) is financing the construction of a state-of-the-art manufacturing facility.



Creating something out of nothing could be risky, but Archer Aviation stock could pay off handsomely for early investors.



<h2>Baidu (BIDU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/bidu-stock-300x169.jpg" alt="A Baidu (BIDU) sign outside a company office in Shenzhen, China."><div>Source: StreetVJ / Shutterstock.com</div></div>Considering the rising trade and geopolitical tension between the U.S. and China, picking Chinese search engine Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>) as a winning investment may seem counterintuitive for JPMorgan. Yet analyst Alex Yao has a buy rating and a $185 per share price target on the stock, suggesting a 91% upside potential.



Expecting a stock to double is not a rarity. Wall Street, though, tends to be a bit more timid in its outlook. Analysts often prefer singles and doubles rather than swinging for the fences, so let&rsquo;s see why Baidu earns such big marks.



AI is likely the reason behind this pick. Just as nascent technology is influencing everything stateside, so is it having an impact overseas. Baidu promises to infuse its services with AI at every turn and is already doing so by leaps and bounds. Co-founder and CEO Robin Li previously said AI will &ldquo;set the stage for sustained multi-year revenue and profit expansion within&rdquo; Baidu&rsquo;s Ernie ecosystem. Ernie is the company&rsquo;s version of ChatGPT. Ernie Bot has <a href="https://www.reuters.com/technology/baidu-says-ai-chatbot-ernie-bot-has-amassed-200-million-users-2024-04-16/">already attracted 200 million daily users</a>.



With the stock trading at 8 times next year&rsquo;s earnings and less than the cash it has in the bank, Baidu does seem cheaply valued.&nbsp;



<h2>RIOT Platforms (RIOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/riot1600-300x169.png" alt="In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>Analyst Smith is also hyped about the potential RIOT Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/riot-stock-quote/">RIOT</a>) can bring to the market. He recently tweaked his price target on the cryptocurrency miner, raising it by $1 to $16 per share. He also reiterated his outperform rating on the stock. That gives RIOT a 49% upside if his thesis plays out correctly.



Considering last week&rsquo;s Bitcoin (<a href="https://investorplace.com/cryptocurrency/usd-btc/">USD-BTC</a>) halving event, you would not expect him to be so confident. Miners will see their Bitcoin rewards cut in half. Instead of receiving the current 6.25 bitcoins per block, RIOT will only receive 3.125 bitcoins. Yet Smith was adamant.



&ldquo;$RIOT enjoyed lowest power costs per coin mined in 2023,&rdquo; he told investors in a <a href="https://invezz.com/news/2024/04/22/riot-stock-overweight-bitcoin-halving-2024/">research note</a>. &ldquo;Post-halving, we expect it to be [among] two lowest cost producers given its scale and attractive power contracts.&rdquo;



RIOT Platforms stock soared, rising 13% on the news. That&rsquo;s not nearly enough to wipe out the trading deficit it has racked up. Shares are down 50% from<a href="https://investorplace.com/cryptocurrency//"></a> their 52-week high. But if the JPMorgan analyst is right, the halving event could see RIOT stock achieving break-even status.



On the date of publication, Rich Duprey 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 <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/jpmorgan-chase-says-buy-these-3-stocks-for-double-digit-returns/">JPMorgan Chase Says Buy These 3 Stocks for Double-Digit Returns</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

JPMorgan Chase Says Buy These 3 Stocks for Double-Digit Returns

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Stellantis (STLA – Research Report) and Bay...

Analysts' Opinions Are Mixed on These Consumer Cyclical Stocks: Stellantis (STLA) and Bayerische Motoren Werke Aktiengesellschaft (OtherBAMXF)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Flying cars are moving closer to reality, creating a potential trillion-dollar market for some of the world&rsquo;s top <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a>. Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>), for example, wants in on the market, with plans to launch flying cars in Asia by the time 2030 rolls around. XPeng (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) subsidiary <a href="https://asia.nikkei.com/Business/Transportation/China-s-flying-cars-ready-for-liftoff-with-EV-technology">AeroHT will reportedly start taking orders</a> for its flying cars by October, with plans to mass produce by 2025.



Even <a href="https://www.cnbc.com/2024/03/04/flying-car-firm-alef-hits-2850-preorders-worth-over-850-million.html">SpaceX-backed Alef Aeronautics just said it received 2,850 orders</a> for its $300,000 flying car &mdash; with a down payment of $150. Fully electric, the two-seated flying car reportedly has a driving range of 200 miles, and a flight range of about 110 miles. And just in case you don&rsquo;t have $300,000 to spend on a car, the company is working on a four-seater for $35,000.



The flying car market could be worth a massive $1.5 trillion market, even $2.9 trillion by 2040,&nbsp;<a href="https://www.morganstanley.com/ideas/autonomous-aircraft">according to Morgan Stanley.</a>&nbsp;If successful, flying car stocks could soar. In fact, here are three you may want to buy now.



<h2>Joby Aviation (JOBY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/jobystock1600-300x169.jpg" alt="Person holding smartphone with logo of startup and aerospace company Joby Aviation (air taxi) on screen JOBY stock."><div>Source: T. Schneider / Shutterstock.com</div></div>While its chart is a mess, don&rsquo;t write off Joby Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/joby-stock-quote/">JOBY</a>) just yet.



For one, according to the company, <a href="https://www.barrons.com/articles/joby-stock-evtol-dubai-aa62bd7e">air taxis could be a reality by 2025</a>. Two, backed by a <a href="https://www.jobyaviation.com/news/joby-and-toyota-expand-partnership-long-term-supply-agreement/">$400 million investment</a> from Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) and a <a href="https://www.jobyaviation.com/news/delta-joby-aviation-partner-home-to-airport-transportation/#:~:text=Delta%20has%20made%20an%20upfront,and%20delivery%20of%20the%20service.">$60 million investment</a> from Delta Air Lines (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>), JOBY is hoping to win the race in getting flying cars off the ground. In addition, JOBY will <a href="https://www.jobyaviation.com/news/joby-widens-usaf-partnership-will-deliver-two-evtol-aircraft-macdill-afb/">deliver two aircraft to the MacDill Air Force Base</a> in 2025 as part of its $131 million contract with the U.S. Air Force.



Better, the company recently completed Stage 3 of its certification process. It&rsquo;s now working on completing its for-credit testing with the Federal Aviation Administration (FAA). It signed a definitive agreement with Dubai that gives JOBY exclusive right to fly air taxis there for six years. Plus, at the end of 2023, JOBY had $1 billion in cash and short-term investments.



Earnings haven&rsquo;t been too shabby either. In its fourth quarter, the company&rsquo;s earnings per share loss of 17 cents beat by two cents. Revenue of $1.03 million beat by $300,000.&nbsp;



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/achr1600-1-300x169.png" alt="Archer Aviation's (ACHR) Evtol aircraft displayed at Paris airshow."><div>Source: Aerospace Trek / Shutterstock.com</div></div>Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>) chart isn&rsquo;t much better. But I wouldn&rsquo;t write this one off either.



For one, it&rsquo;s <a href="https://seekingalpha.com/news/4091497-archer-aviation-preps-for-electric-air-taxi-operations-in-india-in-2026?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#:~:text=Archer%20Aviation%20(NYSE%3AACHR),backer%20of%20Indian%20airline%20IndiGo.">targeting electric air taxi trials in India in 2025</a>, as it prepares for commercial service by 2026. At the moment, Archer Aviation is working with government officials in India to get regulatory approvals together. The company also expects to begin its commercial service in New York City by next year.&nbsp;



Also, Stellantis (NYSE:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/">STLA</a>) just <a href="https://www.tipranks.com/news/insider-trading-stla-raises-stake-in-archer-aviation-nyseachr#:~:text=Following%20this%20investment%2C%20the%20total,the%20company%20by%20%2415.6%20million.">raised its stake in ACHR by $15.6 million</a>, and will reportedly &ldquo;absorb&nbsp;the vast majority of the capital expenditures and working capital requirements to manufacture our aircraft at scale. I believe that we are the only eVTOL company in the world to announce a relationship like this with a top automotive manufacturer, and this gives us significant cash flow advantages,&rdquo; as noted by Archer CEO Adam Goldstein.



Archer is also&nbsp;still waiting on certification, where progress is being made.&nbsp;<a href="https://archer.com/certification">According to the company</a>, &ldquo;We are now constructing the Midnight aircraft that will be used in &lsquo;for credit&rsquo; flight testing with the FAA as the company progresses towards our goal of obtaining Type Certification in 2025.&rdquo;



<h2>Lilium (LILM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/lilm-stock-1-300x169.jpg" alt="The website for Lilium (LILM) is displayed on a smartphone screen."><div>Source: T. Schneider / Shutterstock.com</div></div>We can also look at flying car stocks like&nbsp;Lilium&nbsp;(NASDAQ:<a href="http://www.nasdaq.com/symbol/lilm">LILM</a>) &mdash; which now trades at 91 cents per share.



Over the last few months, the company signed a memorandum of understanding (MoU) with&nbsp;Lufthansa Group&nbsp;(OTCMKTS:<a href="http://www.nasdaq.com/symbol/dlaky">DLAKY</a>) to&nbsp;<a href="https://seekingalpha.com/article/4656823-lilium-stock-explodes-on-lufthansa-deal">explore a partnership</a>&nbsp;on eVTOL aircraft operations in Europe.&nbsp;It also teamed up with Atlantic Aviation to &ldquo;construct the necessary infrastructure for their regional air mobility service in the United States,&rdquo; said John Redcay, Chief Commercial and Sustainability Officer at Atlantic,&nbsp;<a href="https://investors.lilium.com/news-releases/news-release-details/lilium-and-atlantic-aviation-unite-electrify-regional-air">as quoted in a LILM press release</a>.



The company also just started &ldquo;production of the&nbsp;advanced, aviation grade battery packs&nbsp;that will&nbsp;power the Lilium Jet&nbsp;on its&nbsp;first&nbsp;piloted&nbsp;flight, targeted for&nbsp;the end of 2024.&nbsp;This latest&nbsp;milestone&nbsp;represents&nbsp;a landmark in the development of the Lilium Jet&nbsp;and&nbsp;follows extensive&nbsp;testing of&nbsp;battery pack&nbsp;subcomponents from&nbsp;individual&nbsp;cell to stack level with&nbsp;a focus on&nbsp;performance,&nbsp;safety&nbsp;and&nbsp;regulatory&nbsp;conformity,&rdquo; <a href="https://investors.lilium.com/news-releases/news-release-details/lilium-starts-production-high-performance-battery-packs-lilium">as noted in a company press release</a>.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. 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/?utm_source=Nasdaq&amp;utm_medium=referral">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/invest-in-these-3-flying-car-stocks-set-to-soar-in-2025/">Invest in These 3 Flying Car Stocks Set to Soar in 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Invest in These 3 Flying Car Stocks Set to Soar in 2025

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Stellantis (NASDAQ:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/">STLA</a>) <a href="https://www.detroitnews.com/story/business/autos/chrysler/2024/04/23/stellantis-plans-factory-worker-layoffs-in-the-coming-months/73427205007/">laid off 199 assembly workers</a> at a Jeep plant represented by the United Auto Workers (UAW). It said more job cuts are coming.



Stellantis, a European car giant that merged with Fiat-Chrysler <a href="https://www.investopedia.com/articles/company-insights/090416/top-7-companies-owned-chrysler-fcau.asp">in 2021</a>, also owns Peugeot, Citroen, and Vauxhall.



The company also said it would release its first-quarter results on <a href="https://www.stellantis.com/en/news/press-releases/2024/april/stellantis-to-announce-first-quarter-2024-shipments-and-revenues-on-april-30">April 30</a>. STLA stock opened April 24 at about $25 per share, a market capitalization of nearly $75 billion.



<h2>An EV Pivot</h2>



Stellantis blames the layoffs on a changing auto market and the <a href="https://apnews.com/article/stellantis-factory-layoffs-electric-vehicle-transition-e2c7aa80532fdd3f1af0178b5f48acba">costs of transitioning</a> to electric vehicles (EVs), which had just <a href="https://apnews.com/article/auto-sales-strong-electric-vehicle-sales-slow-70a663fbc0719ebda7a4ca814c2827d2">7.15%</a> of the U.S. market in the first quarter.



The job cuts are considered a blow to the United Auto Workers, which signed a contract with Stellantis <a href="https://apnews.com/article/uaw-stellantis-tentative-contract-agreement-d32cb38791730c4c92a8b2112c205e59">just last year</a>. The UAW called the layoffs &ldquo;disgusting.&rdquo;



With its European base, Stellantis has a much closer competitive relationship with Chinese companies than Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) or General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>). It&rsquo;s currently in court <a href="https://www.carscoops.com/2024/04/stellantis-demands-26m-in-damages-from-chinese-supplier-sparking-lawsuit/">against one of its Chinese suppliers</a> and is openly worried about Chinese companies opening assembly plants <a href="https://www.reuters.com/business/autos-transportation/stellantis-extend-production-ice-fiat-panda-city-car-2030-ceo-days-2024-04-10/">in Italy</a>. 



But Stellantis also recently announced <a href="https://www.stellantis.com/en/news/press-releases/2024/march/stellantis-announces-5-6-billion-investment-in-south-america-marking-the-largest-investment-in-the-region-s-automotive-industry">a nearly $6 billion investment</a> in South America, where it has over 23% of the market.



Stellantis draws less U.S. coverage than other car companies, but it&rsquo;s more valuable than Ford or GM. Tipranks lists <a href="https://www.tipranks.com/stocks/stla/forecast">21 analysts</a> following it, with 14 telling investors to buy the stock and two saying sell. Fellow InvestorPlace contributor David Moadel is <a href="https://investorplace.com/2024/04/stellantis-stock-get-behind-the-wheel-for-value-and-yield/">among those who like the stock</a> for its value and yield.



<h2>Stellantis Layoffs: What Happens Next?</h2>



While most analysts are focusing on the American union aspects of this announcement, investors should take a different view. That is, they should consider how Stellantis&rsquo; problems and opportunities reflect the global car market.



On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div><a href="http://www.danablankenhorn.com/">Dana Blankenhorn</a> has been a financial and technology journalist since 1978. He is the author of <a href="https://www.amazon.com/Technologys-Big-Bang-Yesterday-Tomorrow-ebook/dp/B0829C7XSF">Technology&rsquo;s Big Bang: Yesterday, Today and Tomorrow with Moore&rsquo;s Law</a>, available at the Amazon Kindle store. Tweet him at <a href="http://www.twitter.com/danablankenhorn">@danablankenhorn</a>, connect with him on <a href="https://journa.host/@DanaBlankenhorn"> Mastodon</a> or subscribe to his <a href="https://danafblankenhorn.substack.com/">Substack</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/stellantis-layoffs-2024-what-to-know-about-the-latest-jeep-job-cuts/">Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) stock is a hot topic on Wednesday after the semiconductor company announced its <a href="https://blogs.nvidia.com/blog/runai/">acquisition of Run:ai</a>.



Run:ai is a workload management and orchestration software provider that operates on Kubernetes. This is the orchestration layer that is used for modern artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>).



Omri Geller, cofounder and CEO of Run.ai, said the following about the Nvidia acquisition.




&ldquo;Run:ai has been a close collaborator with NVIDIA since 2020 and we share a passion for helping our customers make the most of their infrastructure. We&rsquo;re thrilled to join NVIDIA and look forward to continuing our journey together.&rdquo;




<h2>NVDA Stock: Terms of the Acquisition</h2>



Nvidia didn&rsquo;t reveal how much money it is spending to acquire the AI startup. However, insiders previously reported that the tech giant would <a href="https://www.calcalistech.com/ctechnews/article/s1w2iniwa">pay $700 million</a> to bring the business into its fold.



Nvidia notes that it will continue to offer Run.ai&rsquo;s current products following the acquisition. The company will also continue to invest in the AI startup as part of its Nvidia DGX Cloud roadmap.



NVDA stock is up 1% as of Wednesday morning with more than 12 million shares traded. That&rsquo;s still below its daily average trading volume of about 53 million shares.



Investors who are searching for more of the latest stock market stories on Wednesday are going to want to stick around!



We are offering up insight into all of the hottest stock market stories that traders will want to read about today! A few examples include what&rsquo;s happening with shares of Amesite&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amst-stock-quote/">AMST</a>), Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) and Stellantis&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/">STLA</a>) stock today. All of that news is readily available at the links below!



<h2>More Stock Market News for Wednesday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-amesite-amst-stock-up-74-today/">Why Is Amesite (AMST) Stock Up 74% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/tsla-stock-alert-tesla-axes-plans-for-25000-model-2/">TSLA Stock Alert: Tesla Axes Plans for $25,000 Model 2</a></li>



<li><a href="https://investorplace.com/2024/04/stellantis-layoffs-2024-what-to-know-about-the-latest-jeep-job-cuts/">Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts</a></li>
</ul>On the date of publication, William White did not have (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&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/nvda-stock-nvidia-is-making-a-700-million-bet-on-this-ai-startup/">NVDA Stock: Nvidia Is Making a $700 Million Bet on This AI Startup</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

NVDA Stock: Nvidia Is Making a $700 Million Bet on This AI Startup

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amesite (NASDAQ:<a href="https://investorplace.com/stock-quotes/amst-stock-quote/">AMST</a>) stock is rocketing higher on Wednesday after the artificial intelligence (AI) company <a href="https://finance.yahoo.com/news/amesite-launches-revolutionary-nursemagic-app-113000626.html">announced the launch</a> of a beta version of its NurseMagic app.



NurseMagic is a tool designed by Amesite that assists nurses with their daily tasks. The company says it could help up to 5.2 million nurses be more efficient by helping them with its AI tools.



Amesite also notes that it&rsquo;s a Joint Provider with PACE. This means it can offer accredited continuing education to nurses through the app. This can assist them with obtaining their nursing licenses.



Dr. Ann Marie Sastry, CEO of Amesite, said the following about the NurseMagic beta launch:




&ldquo;Launching apps enables us to directly reach much larger audiences. We want to equip every nurse on the planet with tools that deliver immediate, qualified information, and address the demands on their time while leveraging their expertise. We intend to partner in this sector as we provide professional learning right on the app, and plan to have more announcements as we roll out additional features.&rdquo;




<h2>AMST Stock Movement Today</h2>



With the news of this app launch comes heavy trading of AMST stock. This has more than 52 million shares changing hands as of this writing. That&rsquo;s a massive increase compared to its daily average trading volume of about 28,000 shares.



AMST stock is up 73.9% as of Wednesday morning.



Investors will find more of the most recent stock market stories ready to go down below!



We have all of the hottest stock market news worth reading about on Wednesday! Among that is why shares of Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), Stellantis&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/stla-stock-quote/">STLA</a>) and Fabrinet (NYSE:<a href="https://investorplace.com/stock-quotes/fn-stock-quote/">FN</a>) stock are in the news today. All of that info is available at the following links!



<h2>More Wednesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/tsla-stock-alert-tesla-axes-plans-for-25000-model-2/">TSLA Stock Alert: Tesla Axes Plans for $25,000 Model 2</a></li>



<li><a href="https://investorplace.com/2024/04/stellantis-layoffs-2024-what-to-know-about-the-latest-jeep-job-cuts/">Stellantis Layoffs 2024: What to Know About the Latest Jeep Job Cuts</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-fabrinet-fn-stock-down-today/">Why Is Fabrinet (FN) Stock Down Today?</a></li>
</ul>On the date of publication, William White did not have (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&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/why-is-amesite-amst-stock-up-74-today/">Why Is Amesite (AMST) Stock Up 74% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.