Short interest for Stelco Holdings gives investors a sense of the degree to which investors are betting on the decline of Stelco Holdings's stock. Short interest data is updated every two weeks.

Stelco Holdings Stock (OTC:STZHF), Short Interest Report

Stelco Holdings Inc is a steel company. It is engaged in the production and selling of steel products for customers in the steel service center, appliance, automotive, energy, construction, pipe, and tube industries in North America. The company's product offering includes Stelco Hot Roll Products, Hot Roll Automotive, Stelmax 80, Stelmax 90, and Stelmax 100. Its products are used in Automotive, Energy, and Construction.

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As the metals and mining sector gears up for potential growth, JPMorgan analyst Bill Peterson highlights three &#34;top stock picks.&#34;

3 Top Stock Picks In Metals, Mining Sector To Consider Right Now

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RBC Capital Bumps Up Stelco Price Target

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Stelco Holdings Inc

JP Morgan analyst Doug Anmuth maintains Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Neutral and raises the price target from $38 to $44.

PINS

JP Morgan Maintains Neutral on Pinterest, Raises Price Target to $44

Evercore ISI Group analyst David Palmer maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a In-Line and raises the price target from $50 to $53.

Evercore ISI Group Maintains In-Line on Brinker International, Raises Price Target to $53

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/05/2024-05-01_08h09_21.png" style="height:350px; width:624px" />
<h3>Making A Fortune In Artificial Intelligence</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-fomc-meeting-powell-rate-decision-smci-mc-05012024">click here</a> for an enlarged chart of Super Micro Computer Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of SMCI stock is being used to illustrate the point.</li>
<li>Super Micro has been the most favorite artificial intelligence stock of the momo crowd.&nbsp;The chart shows the big drop in the stock on earnings released after the market closed.</li>
<li>The chart shows a 40.5% drop since the high in March.</li>
<li>RSI shown on the chart foretold what was to come.</li>
<li>The momo crowd, including momo gurus, that ran up the stock did not really understand the server business.</li>
<li>SMCI presents an important learning moment for prudent investors.&nbsp;These are four important points here:
<ul>
<li>What you do not buy is as important as what you buy.&nbsp;&nbsp;</li>
<li>A little knowledge is a dangerous thing.&nbsp;&nbsp;</li>
<li>The momo crowd&rsquo;s history is that they make money because they run up stocks with their own buying.&nbsp;Subsequently, the momo crowd loses money when smart money sells into the strength.&nbsp;Often, the momo crowd loses more money than they make, resulting in a net loss.&nbsp;&nbsp;&nbsp;</li>
<li>Follow smart money for investments.&nbsp;Selectively follow the momo crowd for very short term trades when there is a Signal or Signal Limited.&nbsp;&nbsp;</li>
</ul>
</li>
<li>Members and readers of The Arora Report, already knew in advance what was to come.&nbsp;On March 4, right near the top of SMCI stock, <a href="https://www.benzinga.com/markets/24/03/37461504/yolo-rears-its-ugly-head-in-the-stock-market-bitcoin-hits-65k-target-opec-extends-production-cuts">we wrote</a>:</li>
</ul>
<ul>
<li>
<blockquote>SMCI has become a favorite of the momo crowd.&nbsp;The momo crowd incorrectly thinks SMCI has the same potential as Nvidia (NVDA).&nbsp;Investors need to keep in mind the following:
</blockquote>
<ul>
<li>
<blockquote>SMCI moves a lot more than NVDA.&nbsp;SMCI is so volatile because of the small float.
</blockquote>
</li>
<li>
<blockquote>SMCI is an assembler of servers for artificial intelligence.&nbsp;It uses components from NVDA, Micron (MU), and Marvell (MRVL).
</blockquote>
</li>
<li>
<blockquote>NVDA has a large moat to protect it that includes IP for its GPUs.&nbsp;SMCI has no moat and the barrier to entry for competitors is low.
</blockquote>
</li>
<li>
<blockquote>SMCI sales are to hyperscalers like Microsoft (MSFT), Amazon (AMZN), and Google (GOOG).&nbsp;The reason SMCI sales are booming is that they have availability of NVDA chips.&nbsp;As chips become more available to competitors, SMCI will not be able to sustain its sales growth rate.
</blockquote>
</li>
<li>
<blockquote>The momo crowd is buying SMCI due to lack of knowledge.&nbsp; However, there are many investors who understand and have the knowledge of SMCI&#39;s business.&nbsp;Many such investors are short selling SMCI.&nbsp; For the time being, short sellers are being overwhelmed by the YOLO crowd.
</blockquote>
</li>
<li>
<blockquote>Taking all of the above into consideration with the <a href="https://thearorareport.com/zyx-quantitative-screen">quantitative analysis screen</a> of the ZYX Change Method, in an optimistic case, the fair value of SMCI stock is $442 - $486.
</blockquote>
</li>
</ul>
</li>
</ul>
<ul>
<li>You may recall that The Arora Report was the first one to identify that artificial intelligence was real in 2022.&nbsp;At that time, momo gurus were selling AI stock.</li>
<li>A fortune is to be made in AI between now and 2030.&nbsp; SMCI shows that at times it will be treacherous.&nbsp;You need expert guidance.&nbsp; Equally important is building your knowledge of investments in AI.&nbsp;</li>
<li>FOMC will release its decision at 2pm ET today.&nbsp;FOMC is expected to keep interest rates unchanged.&nbsp;The key event is Powell&rsquo;s conference.&nbsp;The data shows that professional traders are expecting higher volatility during Powell&rsquo;s conference than at any other point over the last year.&nbsp;</li>
<li>In The Arora Report analysis, the near term direction of the stock market will come down to if objective Powell shows up or if political Powell shows up.&nbsp;&nbsp;
<ul>
<li>If objective Powell shows up, expect the stock market to go down. &nbsp;The reason is that the stock market is still levitating on hopium and not paying attention to the data.&nbsp;&nbsp;</li>
<li>If political Powell shows up, expect a rip roaring rally.&nbsp;</li>
</ul>
</li>
<li>We previously shared that prudent investors should pay attention to the Treasury refunding plan.
<ul>
<li>The Treasury plans to borrow $243B in the April to June quarter vs. $202B estimate.</li>
<li>The Treasury has just released the composition of the borrowing.</li>
<li>In The Arora Report analysis, the composition is more important than the increased amount of borrowing.&nbsp;Last time, the Treasury manipulated the borrowing to make stock and bond markets run higher.&nbsp;We will be carefully analyzing the just released new data.</li>
</ul>
</li>
<li>Automatic Data Processing Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adp#NASDAQ">ADP</a>) is the largest private payroll processor in the country.&nbsp; It uses its data to give a glimpse of the jobs picture in advance of the official jobs report that will be released on Friday at 8:30am ET.&nbsp; ADP employment change came at 192K vs. 175K consensus.&nbsp; This indicates that the jobs picture is staying very strong.&nbsp; In The Arora Report analysis, the strength is at the low end while the job picture remains weak in IT and finance.</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD).&nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
The momo crowd is selling oil in the early trade.&nbsp; Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has fallen below $60,000 on momo crowd selling.&nbsp; Recent momo crowd bitcoin buyers who fell prey to whales&rsquo; propaganda of buying on bitcoin halving and bought bitcoin above $70,000 are panicking and selling.&nbsp;Of course, if you listened to the podcast on bitcoin halving, you knew in advance that this was a high probability outcome.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp;If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Super Micro Folly, Stock Market Direction Depends On Which Powell Shows Up – Objective Or Political

JP Morgan analyst Richard Shane maintains OneMain Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>) with a Overweight and raises the price target from $51 to $52.

JP Morgan Maintains Overweight on OneMain Holdings, Raises Price Target to $52

Evercore ISI Group analyst Javier Escalante maintains Clorox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) with a Underperform and lowers the price target from $145 to $142.

Evercore ISI Group Maintains Underperform on Clorox, Lowers Price Target to $142

Evercore ISI Group analyst Stephen Kim maintains Armstrong World Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWI#NYSE">AWI</a>) with a In-Line and raises the price target from $117 to $119.

Evercore ISI Group Maintains In-Line on Armstrong World Indus, Raises Price Target to $119

Keybanc analyst Eric Gonzalez maintains Restaurant Brands Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) with a Overweight and raises the price target from $82 to $85.

Keybanc Maintains Overweight on Restaurant Brands Intl, Raises Price Target to $85

Beleaguered EV maker Fisker Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSRN#OTC">FSRN</a>) has reportedly initiated a new round of layoffs amid fears of impending bankruptcy. 
What Happened: The electric vehicle (EV) startup&#8217;s CEO, Henrik Fisker, informed employees of the decision in an internal email,<a href="https://techcrunch.com/2024/04/29/fisker-layoffs-staff-email-cuts-bankruptcy-sale/"> reported</a> TechCrunch. 
The company is "continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business," Fisker reportedly wrote in the email. 
"That said, we must preserve cash to help keep these options available to us," he wrote while adding that the company will further reduce staff. 
It is unclear as to how many jobs the company aims to cut. Fisker had 1,135 employees as of April 19. 
The company did not immediately respond to Benzinga&#8217;s request for comment. 
Why It Matters: Last week, the company said in a filing that it expects to seek&nbsp;<a href="https://www.benzinga.com/markets/equities/24/03/37766138/teslas-india-entry-hurdle-lifts-fisker-hurtling-toward-bankruptcy-rivian-gets-wall-streets-love-" target="_blank" rel="noreferrer noopener">protection under bankruptcy laws&nbsp;</a>within 30 days if unable to receive waivers from its debt holders or <a href="https://www.benzinga.com/news/24/04/38403521/fisker-to-file-for-bankruptcy-protection-in-30-days-if-unable-to-settle-debts-or-raise-capital">raise enough capital to settle its dues.</a>
Fisker in February warned that it may not have enough funds to operate over the year. The company&#8217;s shares were delisted from the New York Stock Exchange the following month owing to low share prices and potential investment talks with a major automaker collapsed, leaving Fisker's financial future uncertain.
However, Fisker is not the only EV company laying off employees. Last month, EV giant Tesla Inc announced that it would lay off 10% of its global workforce. Rivian Automotive, too, announced a <a href="https://www.benzinga.com/news/24/04/38307316/after-teslas-cost-cutting-rivian-trims-workforce-again-this-year-amid-profitability-push">1% reduction in workforce. </a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/markets/asia/24/05/38547116/xpeng-boss-welcomes-teslas-fsd-china-entry-with-open-arms-sees-it-driving-entire-industry-forward">Xpeng Boss Welcomes Tesla&#8217;s FSD China Entry With &#8216;Open Arms,&#8217; Sees It Driving &#8216;Entire Industry Forward&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock

FSRN

Fisker Initiates Fresh Round Of Layoffs To Preserve Cash Amid Bankruptcy Fears

Guidance

Pfizer Exec Says Co Is Progressing On Retail Contracting For RSV Vaccine; RSV Vaccine Performance Was In Line With Expectations In QTR; Patent Term Extension, If Granted, Could Extend U.S. Exclusivity For Heart Disease Drug Vyndamax To Dec 2028

JP Morgan analyst Harlan Sur maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and raises the price target from $240 to $280.

NXPI

JP Morgan Maintains Neutral on NXP Semiconductors, Raises Price Target to $280

Evercore ISI Group analyst Mark Lipacis maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Outperform and lowers the price target from $200 to $193.

Evercore ISI Group Maintains Outperform on Advanced Micro Devices, Lowers Price Target to $193

DPSI

Barcoding To Expand North American Presence Through Planned Combination With DecisionPoint Systems; Terms Not Disclosed

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google has urged the U.S. government to update its <a href="https://www.benzinga.com/topic/immigration">immigration policies</a> to attract more AI and tech talent from abroad.
The tech giant warns that the current policies could lead to a loss of valuable talent in the AI and cybersecurity sectors.
What Happened: Sundar Pichai-led Google has called for a revamp of the U.S. immigration policies, particularly the Schedule A list, which identifies occupations with insufficient American workers.
The company suggests that this list should be updated more frequently and include roles in AI and cybersecurity, <a href="https://www.theverge.com/2024/5/1/24146053/google-ai-talent-immigration-schedule-a">The Verge</a> reported.
Google&#8217;s Head of Government Affairs and Public Policy, Karan Bhatia, emphasized that the US faces a global shortage of AI talent, pointing out that the occupations on Schedule A have not been updated for 20 years.
The company also highlighted the lengthy process of obtaining permanent labor certification (PERM) and the need for a more efficient system to attract and retain top talent.
See Also: <a href="https://www.benzinga.com/news/24/04/38489302/elon-musk-takes-a-dig-at-sundar-pichai-after-googles-alleged-censorship-on-hunter-biden-asked-if-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Takes A Dig At Sundar Pichai After Google&#8217;s Alleged Censorship On Hunter Biden</a>
"There's wide recognition that there is a global shortage of talent in AI, but the fact remains that the US is one of the harder places to bring talent from abroad, and we risk losing out on some of the most highly sought-after people in the world," Bhatia said.
The letter from Google to the Department of Labor comes at a time when the U.S. is experiencing a shortage of AI specialists. This shortage has led to fierce competition among tech companies, with some resorting to unconventional hiring practices.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The shortage of AI talent in the US has been a recurring theme in the tech industry. Despite producing a significant number of AI professionals, the US still faces a shortage of specialists in this field.
Tesla Inc. CEO Elon Musk, too, <a href="https://www.benzinga.com/news/24/04/38488525/elon-musk-advocates-for-easier-and-simplified-legal-immigration-process-amid-migrant-influx">underscored the need</a> for an "easier and simplified" legal immigration process for skilled individuals.
Google&#8217;s call for immigration policy reform also comes in the wake of <a href="https://www.benzinga.com/news/24/03/37928164/mark-zuckerberg-reportedly-woos-ai-talent-from-googles-deepmind-with-personal-emails-meta-ceo-offers">efforts by other tech giants</a> to attract AI talent. Meta CEO, Mark Zuckerberg, for instance, has reportedly been reaching out to AI researchers at Google&#8217;s DeepMind with personal emails and offering jobs without interviews.
Earlier, in a leaked email, <a href="https://www.benzinga.com/news/24/03/37579583/google-ceos-anxiety-exposed-leaked-email-reveals-how-sundar-pichai-was-spooked-about-losing-talent-e">Pichai expressed his anxiety</a> about losing key talent to rivals, especially Apple. This concern has been further exacerbated by the US&#8217;s strict immigration policies, which have made it difficult for companies to attract and retain AI talent.
Price Action: At the time of writing, Alphabet Inc.'s shares were trading 1.53% up, at $165.27, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38552447/insane-night-jim-cramer-praises-amazons-spectacular-q1-says-skyworks-will-hammer-ap">&#8216;Insane Night:&#8217; Jim Cramer Praises Amazon&#8217;s &#8216;Spectacular&#8217; Q1, Says Skyworks Will &#8216;Hammer Apple&#8217; While Supermicro Got &#8216;Whacked&#8217; Despite Good March Quarter</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

GOOGL

Sundar Pichai's Google Knocks Biden's Door For Immigration Reform To Draw Global AI Talent

WIIM

TFSL

TFS Financial shares are trading higher after the company reported better-than-expected Q2 EPS results.

JP Morgan analyst Richard Shane maintains NMI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) with a Overweight and raises the price target from $35 to $36.

NMIH

JP Morgan Maintains Overweight on NMI Holdings, Raises Price Target to $36

Keybanc analyst Eric Gonzalez maintains McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Overweight and lowers the price target from $315 to $310.

Keybanc Maintains Overweight on McDonald's, Lowers Price Target to $310

Life Time Group shares are trading lower after the company reported Q1 financial results.

KKR &amp; Co. Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are trading higher after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38544985/kkr-co-inc-reports-first-quarter-2024-results" rel="noreferrer noopener">first-quarter FY24 results</a>.
Asset management segment revenues of $1.393 billion missed the consensus of $1.497 billion.
The private equity company reported after-tax adjusted distributable EPS of $0.97, which&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus of $0.96</a>.
In the Insurance segment, net investment income rose to $1.49 billion from $1.27 billion in the prior year, reflecting higher yields and growth in the investment portfolio.&nbsp;
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38052413/sunfirematrix-goes-supernova-kkr-takes-major-holding-in-the-purpose-built-platform" rel="noreferrer noopener">SunFireMatrix Goes Supernova: KKR Takes Major Holding In The Purpose-Built Platform</a>
Fee Related&nbsp;Earnings rose 22% Y/Y to $669 million in the quarter.&nbsp;&nbsp;
Assets under management rose 13% Y/Y to $578 billion, with organic new capital of $31 billion raised in the quarter. As of the quarter-end, cash and investments stood at $14.6 billion.
Dividend: KKR declared a dividend per share of $0.175, payable on May 28 to shareholders of record as of May 13.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37930426/kkr-steps-into-seouls-urban-rental-market-with-weave-living-a-strategic-move-for-1-200-units" rel="noreferrer noopener">KKR Steps Into Seoul&#8217;s Urban Rental Market With WEAVE LIVING: A Strategic Move For 1,200 Units</a>
Joseph Y. Bae and Scott C. Nuttall, Co-Chief Executive Officers, said, &#8220;We closed on&nbsp;the acquisition of the remaining stake in Global Atlantic and are now reporting our financial results through three segments: Asset Management, Insurance, and Strategic Holdings.&nbsp;With three avenues for long-term, sustained growth–as detailed at our April Investor Day – we are well positioned for the years ahead.&#8221;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38537193/pg-e-nears-deal-to-sell-stake-to-kkr" rel="noreferrer noopener">PG&amp;E Nears Deal To Sell Stake To KKR</a>
Investors can gain exposure to the stock via&nbsp;Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
Price Action: KKR shares are trading higher by 2.77% at $95.65&nbsp;at&nbsp;the last check Wednesday.

Earnings

Equities

Large Cap

Dividends

Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF

FMCX

What's Going On With KKR Shares Wednesday?

JP Morgan analyst Seth Seifman maintains L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) with a Overweight and raises the price target from $240 to $250.

JP Morgan Maintains Overweight on L3Harris Technologies, Raises Price Target to $250

QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is expected to release earnings results for its second quarter fiscal 2024, after the <a href="https://www.benzinga.com/quote/QCOM/earnings">closing bell on May 1.</a>
Analysts expect the San Diego, California-based company to report quarterly earnings at $2.17 per share, up from $2.15 per share in the year-ago quarter. QUALCOMM is projected to report quarterly revenue of $8.72 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 17, Qualcomm announced a quarterly cash dividend of 85 cents per common share.
QUALCOMM shares fell 2% to close at $165.85 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Benchmark analyst Cody Acree initiated coverage on the stock with a Buy rating and a price target of $200 on April 23. This analyst has an accuracy rate of 74%.</li>
<li>Evercore ISI Group analyst Mark Lipacis initiated coverage on the stock with an In-Line rating and a price target of $177 on April 16. This analyst has an accuracy rate of 79%.</li>
<li>Susquehanna analyst Christopher Rolland maintained a Positive rating and boosted the price target from $175 to $205 on April 10. This analyst has an accuracy rate of 79%.</li>
<li>Cantor Fitzgerald analyst C J Muse maintained a Neutral rating and increased the price target from $150 to $190 on April 8. This analyst has an accuracy rate of 71%.</li>
<li>Keybanc analyst John Vinh maintained an Overweight rating and boosted the price target from $180 to $205 on April 8. This analyst has an accuracy rate of 74%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38519021/top-4-tech-stocks-you-may-want-to-dump-in-q2">Top 4 Tech Stocks You May Want To Dump In Q2</a>

QCOM

Qualcomm Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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United States Steel Offers Investors A Phenomenal Opportunity On Merger Worries

Stelco (TSE:STLC) has released an update. Stelco Holdings Inc., a leading North American steelmaker, has announced it will release its Q1 2024 fina...