Taboola.com Stock (NASDAQ:TBLA), Trade Ideas

Taboola.com

Taboola.com Ltd is a technology company that powers recommendations across the Open Web with an artificial intelligence-based, algorithmic engine. It partners with websites, devices, and mobile apps, collectively referred to as digital properties, to recommend editorial content and advertisements on the Open Web. Geographically it serves Israel, the United Kingdom, Germany, France, Rest of the world whilst it generates the majority of its revenue from the United States.

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Sentiments turn negative on Wednesday after the mixed performance in the previous session, as the focus shifts to some key Main Street data. Traders may prefer to move to the sidelines to see off some key economic catalysts due for the week. Earnings news for the day has been mixed, although some weak retail earnings could dent market mood.

Nasdaq, S&amp;P 500 Futures Decline As Traders Await GDP Data, Fed Speeches; Bitcoin Eyes $60K Milestone: Analysts Highlight Small-Cap Gains As Sign Of Robust Economy

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CMCSA

Taboola.Com Ltd. (NASDAQ: TBLA) shares are trading higher after the company announced a new five-year deal with 

Why Advertising Company Taboola&#39;s Shares Are Rising Today

Guidance

Taboola.Com Ltd (NASDAQ: TBLA) reported third-quarter FY23 revenues of $360.2 million, beating the analyst consensus of $345

Taboola CEO Credits AI and E-commerce for Strong Q3 Results, Stock Soars

Taboola.com Ltd

Grupo Aeroportuario Del Pacifico Q1 EPADS $2.586 Up From $2.553 YoY, Sales Ps.8.49B Up From Ps.8.34B YoY

<p><strong>Tesla</strong>&nbsp;and&nbsp;<strong>SpaceX</strong>&nbsp;CEO&nbsp;<strong>Elon Musk</strong>&nbsp;took aim at&nbsp;Social Security on Monday, calling it the &#8220;Biggest Ponzi scheme ever.&#8221; Social Security provides retirement income and helps millions of Americans qualify for Medicare.</p>
<p><strong>What Happened:</strong>&nbsp;Musk was replying to a meme comparing Social Security to a Ponzi scheme (a fraudulent investment scheme). He added, &#8220;Maybe AI and robots will save it though.&#8221;</p>
<p><em>See Also: </em><a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t"><em>Elon Musk Hits Back At Australia&#8217;s Leader Amid Row Over Removal Of Violent Video From X: &#8216;Does The PM Think He Should Have Jurisdiction Over All Of Earth?&#8217;</em></a></p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Biggest ponzi scheme ever. <br /><br />Maybe AI and robots will save it though.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782565870188789784?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<p><em>Subscribe to the </em><a href="https://bztechtrends.beehiiv.com/subscribe"><em>Benzinga Tech Trends newsletter</em></a><em> to get all the latest tech developments delivered to your inbox.</em></p>
<p>In the comments section, people were divided. While some said that many people who have never paid into Social Security, end up getting the benefits, others said that the tech billionaire was &#8220;badmouthing a system that is a primary means of survival for many elderly Americans.&#8221; </p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Not to mention that prior to social security, many people had no choice but to work until death. I can see why that would be appealing to an apartheid billionaire. A Patriotic American, whose predecessors sacrificed so SOCSEC could exist? Not so much.</p>
<p>&mdash; Gaydolf Wokeler (@BrianDogeMiller) <a href="https://twitter.com/BrianDogeMiller/status/1782585462072463861?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Look up how many people who've never paid into Social Security receive it. Explain that one. Someone we know came from Canada after they retired, and because of their age, they were allowed to receive Social Security.  The system is broken.</p>
<p>&mdash; Sherry Jurach (@SJurach) <a href="https://twitter.com/SJurach/status/1782586536997028111?ref_src=twsrc%5Etfw">April 23, 2024</a></p></blockquote>
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<p><strong>Why It Matters:</strong> The long-term viability of Social Security is a major concern for many Americans. They <a href="https://www.benzinga.com/personal-finance/24/03/37541461/working-into-your-70s-nikki-haleys-bold-proposal-for-retirement-age">worry about its ability</a> to disburse full benefits in the future. According to the Social Security and Medicare Trustees Reports, by 2033 the fund will only be able to disburse 77% of the total scheduled benefits.</p>
<p>BlackRock CEO <strong>Larry Fink</strong> last month <a href="https://www.benzinga.com/markets/equities/24/03/37936320/larry-fink-warns-of-us-retirement-crisis-in-blackrocks-annual-letter-you-are-on-your-own">emphasized the urgency</a> of addressing the global &#8220;retirement crisis.&#8221; With medical advancements extending life expectancy, traditional approaches to retirement savings and working patterns may need significant reform.</p>
<p>While concerns exist, there&#8217;s also optimism. A <a href="https://www.benzinga.com/personal-finance/24/03/37919337/half-of-americans-now-optimistic-about-social-securitys-future-data-shows">2023 Gallup survey</a> shows that &#8220;Americans are more optimistic about the future of Social Security than they have been in recent years.&#8221; Among nonretired Americans, 50% expect to receive benefits, compared to 47% who don&#8217;t.</p>
<p>As of 2024, the <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/01/36758328/this-is-the-age-most-americans-retire-and-how-to-know-whether-youre-on-track-">average retirement age</a> for retirees in the U.S. is 64, with workers expecting to retire at 66. The full retirement age is 67 for those born in 1960 or later</p>
<p><em>Check out more of Benzinga's Consumer Tech coverage by </em><a href="https://www.benzinga.com/topic/consumer-tech"><em>following this link</em></a><em>.</em></p>
<p><em>Read Next: </em><a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time"><em>Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</em></a></p>
<p><em>Photo via Shutterstock</em></p>


Tech

Elon Musk Calls Social Security The Biggest Ponzi Scheme Ever: 'Maybe AI And Robots Will Save It'

<p>The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.</p>
<p>U.S. stocks closed higher on Monday, with the S&amp;P 500 snapping a six-session losing streak.</p>
<p>On the economic data front, the Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.</p>
<p>Shares of <strong>Zions Bancorporation, N.A.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) gained around 4% on Monday after the company reported upbeat earnings for its first quarter. Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) stock fell around 5% on Monday after it reported fiscal first-quarter 2024 results.</p>
<p>All sectors on the S&amp;P 500 closed higher, with financial, utilities, and information technology stocks recording the biggest gains on Monday.</p>
<p>The Dow Jones closed higher by around 254 points to 38,239.98 on Monday. The S&amp;P 500 rose 0.87% at 5,010.60, while the Nasdaq Composite climbed 1.11% at 15,451.31 during Monday's session.</p>
<p>Investors are awaiting earnings results from <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), <strong>Visa Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and <strong>PepsiCo, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) today.</p>
<p>At a current reading of 37.6, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 32.3.</p>
<p><strong>What is CNN Business Fear &amp; Greed Index?</strong></p>
<p>The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.</p>
<p>Also Read This: <a href="https://www.benzinga.com/news/24/04/38354671/top-2-consumer-stocks-that-may-implode-in-april">Top 2 Consumer Stocks That May Implode In April</a></p>


TSLA

ZION

Investor Optimism Improves, But Fear & Greed Index Remains In 'Fear' Zone

<p>With U.S. stock futures trading slightly lower this morning on Tuesday, here are some stocks that may grab investor focus today:</p>
<ul>
<li>Wall Street expects <strong>PepsiCo, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $1.52 per share on revenue of $18.08 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares fell 1% to $174.79 in after-hours trading.</li>
<li><strong>Packaging Corporation of America</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) posted better-than-expected earnings for its first quarter on Monday. The company said it sees second-quarter earnings of $2.07 per share. Packaging Corp shares fell 5.2% to $170.00 in the after-hours trading session.</li>
<li>Analysts are expecting <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) to post quarterly earnings at $2.14 per share on revenue of $41.88 billion. The company will release earnings before the markets open. GM shares fell 0.3% to $43.07 in after-hours trading.</li>
</ul>
<p>Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></p>
<ul>
<li><strong>Hibbett, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction. Hibbett shares gained 1.9% to close at $72.49 on Monday.</li>
<li>Analysts expect <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to post quarterly earnings at 51 cents per share on revenue of $22.34 billion after the closing bell. Tesla shares fell 0.4% to $141.45 in after-hours trading.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/24/04/38355486/top-3-financial-stocks-that-could-blast-off-this-quarter">Top 3 Financial Stocks That Could Blast Off This Quarter</a></p>


HIBB

General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday

Novartis Now Expects 2024 Net Sales To Grow High Single To Low Double-Digit (Prior Mid-Single-Digit) And Core Operating Income To Grow Low Double-Digit To Mid-Teens (Prior High Single-Digit)

VLRS

Volaris 2024 Guidance, Anticipates ASM Growth (YoY) Of -16% to -18% And An EBITDAR Margin Of 32%-34% (Prior 31%-33%)

<p><strong>2024&nbsp;Guidance</strong></p>
<p>For the&nbsp;second quarter&nbsp;of 2024, the Company expects:</p>
<table align="center">
<tbody>
<tr>
<td><strong>2Q&#39;24</strong></td>
<td><strong>2Q&#39;23&nbsp;</strong><strong>(1)</strong></td>
</tr>
<tr>
<td><strong>2Q&#39;24&nbsp;Guidance</strong></td>
<td>&nbsp;</td>
</tr>
<tr>
<td>ASM growth (YoY)</td>
<td>~&nbsp;-18%</td>
<td>+18.1%</td>
</tr>
<tr>
<td>TRASM</td>
<td>$9.1&nbsp;to&nbsp;$9.2&nbsp;cents</td>
<td>$7.92&nbsp;cents</td>
</tr>
<tr>
<td>CASM ex fuel</td>
<td>$5.5&nbsp;to&nbsp;$5.6&nbsp;cents</td>
<td>$4.82&nbsp;cents</td>
</tr>
<tr>
<td>EBITDAR margin</td>
<td>31%&nbsp;to&nbsp;33%</td>
<td>27.1%</td>
</tr>
<tr>
<td>Average USD/MXN rate</td>
<td>Ps.17.30 to 17.50</td>
<td>Ps.17.72</td>
</tr>
<tr>
<td>Average U.S. Gulf Coast jet fuel price</td>
<td>$2.60&nbsp;to&nbsp;$2.70</td>
<td>2.29</td>
</tr>
<tr>
<td>(1) For convenience purposes, actual reported figures for 2Q&#39;23 are included.</td>
</tr>
</tbody>
</table>


Volaris Provides Q2 Guidance: Expects ASM (YoY) Of About -18%, TRASM Of $9.1-$9.2 Cents, CASM Excluding Fuel Of $5.5-$5.6 Cents, And An EBITDAR Margin Of 31%-33%

<p>Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $1.67 by 7.78 percent. This is a 16.88 percent increase over earnings of $1.54 per share from the same period last year.  The company reported quarterly sales of $11.829 billion which beat the analyst consensus estimate of $11.433 billion by 3.46 percent.  This is a 8.68 percent decrease over sales of $12.953 billion the same period last year.</p>


Earnings Beats

Novartis Q1 2024 Adj EPS $1.80 Beats $1.67 Estimate, Sales $11.829B Beat $11.433B Estimate

<p>Hours after reports of <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/04/38361822/tesla-layoffs-hit-marketing-team-retracts-advertising-push">laying off its marketing team</a> in the U.S., CEO Elon Musk said the ads made by the team <strong>failed to impress him.</strong></p>
<p><strong>What Happened:</strong> The CEO concurred with an X user and Tesla enthusiast who said the ads made by the team were rather unimpressive and wrote, &#8220;Exactly. The ads were far too generic – could've been any car.&#8221;</p>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Exactly. The ads were far too generic – could've been any car.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1782436262881661053?ref_src=twsrc%5Etfw">April 22, 2024</a></p></blockquote>
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<p>Musk&#8217;s comment comes on the heel of a Bloomberg report that the EV giant has removed its newly formed marketing team as part of the <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">10% companywide layoff </a>announced last week. The report noted that the entirety of the team in the U.S., including senior manager <strong>Alex Ingram</strong>, were eliminated. </p>
<p><strong>Trial And Error:</strong> Musk first expressed <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32439283/tesla-bulls-cheer-elon-musks-decision-to-try-some-advertising-it-could-be-amazingly">willingness to try traditional advertising</a> less than a year ago in May 2023. Until then, the company boasted of spending almost<strong> </strong>no money on advertising but became popular purely via word of mouth.</p>
<p>Since then, Tesla has attempted advertising on different platforms including <strong>YouTube</strong>, <strong>X</strong>, and even Meta Platforms&#8217; <strong>Instagram</strong>, and <strong>Facebook</strong> <a href="https://www.benzinga.com/news/24/03/37908129/facebook-isnt-lame-for-musk-anymore-tesla-rejoins-zuckerbergs-social-media-platform-after-ghosting-i">despite Musk&#8217;s past criticism of them</a>. </p>
<p>However, in January, Tesla executives clarified during the fourth-quarter earnings call that while the lack of awareness impacted EV adoption, the company would not spend too much on advertising and marketing but instead spend it in areas and geographies where the company has low market share such as Japan. </p>
<p><strong>Analyst Take:</strong> Not all Tesla analysts favor this strategy of low advertising investment. <strong>The Future Fund</strong> Managing Partner <strong>Gary Black</strong> has often criticized Tesla&#8217;s attempts at driving sales via price cuts that weigh heavily on the company&#8217;s margins. Black recommends advertising instead.  </p>
<p>Even on Monday, Black reiterated that educating combustion engine vehicle owners on the perks of EVs via advertising is &#8220;badly needed&#8221; to drive sales. &#8220;Anyone can cut price. It's a blunt inefficient tool,&#8221; Black added. </p>
<p><strong>Anti-Tesla Advertising:</strong> While Musk has been sidestepping advertising, anti-Tesla crusaders have been going all in. </p>
<p><strong>The Dawn Project</strong>, <a href="https://www.benzinga.com/news/23/10/35125361/exclusive-dawn-projects-dan-odowd-warns-teslas-terrible-fsd-could-be-banned-blames-musk-for-coordina" target="_blank" rel="noreferrer noopener">founded by tech billionaire</a> <strong>Dan O'Dowd</strong>, released two ads at the Super Bowl championship earlier this year alleging that Tesla failed to act despite the group flagging multiple concerns about the safety of its full self-driving (FSD) driver assistance software and urged for a boycott of the company.</p>
<p>"When you buy a new Tesla you are financing and enabling Elon Musk to put a dangerous, unfinished, product on our public roads," <strong>O'Dowd </strong><a href="https://www.benzinga.com/news/24/02/37085404/tesla-boycott-superbowl-ad-earns-regulators-ire-did-not-grant-permission-to-use-the-ntsb-seal">said in a statement</a> then. </p>
<p><em>Check out more of Benzinga&#8217;s Future Of Mobility coverage by </em><a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em>following this link</em></a><em>.</em></p>
<p><em>Read Next:</em> <em><a href="https://www.benzinga.com/news/24/04/38351810/tesla-fsd-is-now-nearly-50-cheaper-than-when-elon-musk-called-it-very-low-just-under-a-year-ago">Tesla FSD Is Now Nearly 50% Cheaper Than When Elon Musk Called It &#8216;Very Low&#8217; Just Under A Year Ago</a></em></p>
<p><em>Image made via pictures on Shutterstock</em></p>



Elon Musk Admits Tesla Ads Were 'Far Too Generic' After Laying Off US Marketing Team: 'Could've Been Any Car'

<p>Controladora Vuela (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLRS#NYSE">VLRS</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $(0.18) by 261.11 percent. This is a 147.54 percent increase over losses of $(0.61) per share from the same period last year.  The company reported quarterly sales of $768.000 million which beat the analyst consensus estimate of $694.633 million by 10.56 percent.  This is a 5.06 percent increase over sales of $731.000 million the same period last year.</p>


Controladora Vuela Q1 2024 GAAP EPS $0.29 Beats $(0.18) Estimate, Sales $768.000M Beat $694.633M Estimate

<ul>
<li>JD Sports to acquire all outstanding shares for&nbsp;$87.50&nbsp;per share in cash, in a&nbsp;$1.1 billion&nbsp;transaction</li>
<li>Per share price represents a&nbsp;21%&nbsp;premium to the April 22, 2024, closing price and a&nbsp;29%&nbsp;premium to the 120-trading day volume weighted average price</li>
<li>Combination of best-in-class customer-centric companies offers brand partners an expanded global platform for distribution of the latest athletic fashion products</li>
<li>Mike Longo to continue as Hibbett President and CEO, and Jared Briskin to take on role of Hibbett COO; Hibbett will maintain HQ in Birmingham</li>
</ul>


JDSPY

Hibbett Agrees To Be Acquired By JD Sports Fashion For $87.50 Per Share In Cash, Amounting To ~$1.1B

<p>Investors anticipate a potential further drop in&nbsp;<strong><a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38307408/strong-ai-chip-demand-propels-key-apple-nvidia-supplier-past-q1-expectations" rel="noreferrer noopener">Taiwan Semiconductor Manufacturing Co</a></strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock, which has plummeted over 13% in the past six days.</p>
<p><strong>What Happened:</strong>&nbsp;The chipmaker&#8217;s stock has been on a downward spiral since its April 11 earnings call, where it revised its growth forecasts for the semiconductor industry due to industry challenges. These revisions led to a market value loss exceeding $100 billion, as&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-22/tsmc-s-13-rout-may-have-further-to-go-options-traders-indicate" rel="noreferrer noopener">reported</a>&nbsp;by Bloomberg on Monday.</p>
<p>The surge in put options, bets on the stock&#8217;s decline, reflects increased bearish sentiment. Open interest for both put and call options on Friday was 20% higher than their 20-day averages, according to Bloomberg.</p>
<p><em>See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346682/shiba-inu-army-cheers-as-burn-rate-soars-172-price-rebounds?itm_source=parsely-api" rel="noreferrer noopener">Shiba Inu Army Cheers As Burn Rate Soars 172%, Price Rebounds</a></em></p>
<p>Other tech giants like&nbsp;<strong>NVIDIA Corp</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;<strong>Super Micro Computer Inc</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) have also seen significant stock price drops, contributing to broader tech sector unease.</p>
<p><strong>Why It Matters:</strong> TSMC&#8217;s challenges reflect a broader chip industry trend. The company, a key supplier to both Nvidia and <strong>Apple Inc</strong>, recently <a href="https://www.benzinga.com/markets/equities/24/04/38328610/tsmc-cautions-red-hot-chip-industry-growth-could-cool-amid-declining-automotive-chip-demand" target="_blank" rel="noreferrer noopener">revised its growth forecast</a> for non-memory chip markets to 10%, down from &#8220;more than 10%,&#8221; due to potential decreased demand for consumer electronics.</p>
<p>Earlier this month, concerns arose regarding the impact of production challenges at TSMC on AI development following&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38083172/taiwan-earthquake-alarms-gene-munster-the-only-thing-that-can-slow-ai-in-the-near-term-is-impact-on" rel="noreferrer noopener">a 7.2-magnitude earthquake</a>&nbsp;that temporarily halted chip production.</p>
<p>Despite these challenges, Taiwan is bolstering&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38288066/taiwan-bolsters-chip-diplomacy-with-canada-and-france-amid-china-tensions" rel="noreferrer noopener">its &#8220;chip diplomacy,&#8221;</a>&nbsp;efforts to secure its leading chip producer position through international partnerships. Recent tech deals with the U.S., Canada, France, and Germany aim to support chip design engineer development and nurture tech talent.</p>
<p><strong>Price Action:</strong>&nbsp;Taiwan Semiconductor closed Monday up 1.6% at $129.75, with a slight after-hours decline. However, the stock remains up 27.79% year-to-date. Nvidia is trading at $795 (65.08% YTD increase), while Super Micro Computer is at $717 (151.19% YTD increase)<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">from Benzinga Pro</a></p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a></em></p>
<p><em>Image Via Shutterstock </em></p>
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Options

Media

NVDA

SMCI

Key Apple, Nvidia Chip Supplier's Stock Woes Not Yet Over? Here's What Options Data Shows

WOLF

Reported Earlier, Wolfspeed To Review JANA Partners' Suggestions, Aims For Enhanced Value

<p>As&nbsp;<strong>Donald Trump</strong>&nbsp;fights&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38346954/trump-in-hot-seat-in-hush-money-case-prosecutors-seek-deep-dive-into-ex-presidents-alleged-misconduc" rel="noreferrer noopener">the New York hush-money</a>&nbsp;criminal case, a former Department of Justice attorney warned that testifying on his behalf could pose risks for the former president.</p>
<p><strong>What Happened</strong>: Trump has the right to testify as a defendant, but it&#8217;s not mandatory, explained&nbsp;<strong>Andrew Weissmann</strong>, former Assistant U.S. Attorney and law professor, in an MSNBC&nbsp;<a target="_blank" href="https://www.msnbc.com/inside-with-jen-psaki/watch/-death-knell-to-the-case-weissmann-on-possible-trump-testimony-in-criminal-trial-209429061627" rel="noreferrer noopener">interview</a>.</p>
<p>&#8220;He has no burden whatsoever, and the jury will be told that and they cannot use the fact that he chooses not to testify in any way against him,&#8221; Weissmann clarified. Trump&#8217;s lawyers may not be in favor of him testifying, he said. &#8220;I am confident that lawyers like&nbsp;<strong>Susan Necheles</strong>&nbsp;are going to throw their bodies in front of the witness stand trying to get him not to take the stand,&#8221; he added</p>
<p>On the other side, the prosecution side may relish the prospect, Weissmann said. &#8220;And if you are the prosecutors, you are just licking your chops thinking, fine, you want to take the stand? Great,&#8221; he said.</p>
<p>Citing Trump&#8217;s prior inconsistent statements, Weissmann said, &#8220;So he&#8217;s taking a stand would&nbsp;really&nbsp;be a death knell, I think, to the case.&#8221; That said, the legal expert did not rule out Trump doing it, citing his unpredictability and his hubris.</p>
<p>The former president&#8217;s involvement in the&nbsp;<strong>E. Jean Carroll</strong>&nbsp;case resulted in the fine swelling from $5 million to $85 million, he noted. &#8220;So if he proceeds in that sort of mode, I don&#8217;t think he&#8217;s going to be helping himself,&#8221; he said.</p>
<p><em>See Also:<a target="_blank" 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" rel="noreferrer noopener">&nbsp;Liz Cheney Says Trump &#8216;Doing Everything Possible&#8217; To Postpone Jan. 6 Case Beyond Election: &#8216;Deep Flaws In Character&#8230;Make Him Unfit To Serve As President&#8217;</a></em></p>
<p><strong>Why It&#8217;s Important:</strong>&nbsp;Prosecutors in the hush-money case trial told the jury on Monday that it was an &#8220;election fraud, pure and simple,&#8221; as Trump tried to cover up to hide a sex scandal ahead of the 2016 presidential election.</p>
<p>&#8220;Trump orchestrated a criminal scheme to corrupt the 2016 presidential election. Then he covered up that criminal conspiracy by lying in his NY business records over and over and over again,&#8221; they said.</p>
<p>Weissmann said in a post on X that New York District Attorney&nbsp;<strong>Alvin Bragg&nbsp;</strong>&#8220;squarely places the NY criminal trial in the election interference/corruption bucket&#8211; exactly what the DC and GA indictments allege, just 4 years later.&#8221;</p>
<p>The outcome of the trial is important as it is likely to be one of Trump&#8217;s four criminal cases that will reach a verdict before the Nov. 5 election. The former president is running a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38347218/biden-vs-trump-matchup-in-north-carolina-shows-slight-setback-for-one-candidate-can-his-relentless-e" rel="noreferrer noopener">neck-on-neck race with&nbsp;</a><strong><a target="_blank" href="https://www.benzinga.com/news/24/04/38347218/biden-vs-trump-matchup-in-north-carolina-shows-slight-setback-for-one-candidate-can-his-relentless-e" rel="noreferrer noopener">Joe Biden</a></strong>&nbsp;in the 2024 election and therefore his lawsuits could play a huge part in the outcome.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/money/best-real-estate-stocks-right-now">Best Real Estate Stocks Right Now</a></em></p>


Politics

Trump Taking The Stand In NY Hush-Money Trial Would 'Really Be A Death Knell,' Says Ex-DOJ Attorney: 'Not Going To Help Himself'

<ul>
<li>Designated an FDA Breakthrough Therapy, the novel immunotherapy ANKTIVA activates the body&#39;s natural killer (NK) and killer T-cell immune system to attack tumor cells</li>
<li>Therapy stimulates memory T cells, leading to long duration of complete response exceeding 47 months and ongoing to date, with a median duration of response yet to be determined</li>
<li>The percentage of patients with durable responses at 12 and 24 months exceeded the benchmark for magnitude of clinically meaningful results established by experts at the International Bladder Cancer Group (IBCG)</li>
<li>ANKTIVA in combination with BCG is approved for maintenance therapy for up to 37 months with tolerable side effects ranging from&nbsp;0%&nbsp;to&nbsp;3%&nbsp;Grade 3/4 adverse events</li>
<li>ANKTIVA is expected to be available in the U.S. by mid-May 2024</li>
</ul>


IBRX

Reported Earlier, ImmunityBio Has Received FDA Approval For ANKTIVA, A First-In-Class IL-15 Receptor Agonist, For BCG-Unresponsive Non-Muscle Invasive Bladder Cancer

<p>In the latest development, <strong>Boeing Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has reportedly projected a slower increase in the production and delivery of its 787 widebody jets. This is primarily due to supplier shortages,</p>
<p><strong>What Happened</strong>: <strong>Scott Stocker, </strong>the 787 vice president and general manager, disclosed the situation to employees at the South Carolina facility via a memo on Monday, Reuters reported. Despite the hurdles, Boeing is determined to incrementally increase its rate to cater to the &#8220;strong demand&#8221;.</p>
<p>The memo highlighted, &#8220;We continue to manage through supplier shortages on a few key parts.&#8221; </p>
<p>It also mentioned that customers have been notified about the anticipated slower increase in production and deliveries.</p>
<p>The Federal Aviation Administration (FAA) is keeping a close watch on Boeing&#8217;s challenges in procuring certain parts and is in constant communication with the company. The agency&#8217;s primary concern is to ensure that only safe and compliant airplanes are dispatched from the factory.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/04/38347033/bound-by-courtroom-rules-donald-trump-is-doing-something-uncommon-for-his-public-persona-staying-sil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bound By Courtroom Rules, Donald Trump Is Doing Something Uncommon For His Public Persona: Staying Silent</a></em></p>
<p>Boeing, scheduled to announce earnings on Wednesday, is facing scrutiny over the manufacturing of its 777 and 787 widebody jets. This comes in the wake of allegations by company engineer <strong>Sam Salehpour</strong> at a U.S. Senate hearing last week, who pointed out inadequate shimming in some areas of the 787 Dreamliner.</p>
<p>Furthermore, the company&#8217;s separate production of its 737 MAX single-aisle jet in Washington state has experienced a significant decline, as U.S. regulators tighten factory inspections and workers slow down the assembly line to complete outstanding work.</p>
<p><strong>Why It Matters</strong>: The latest development comes on the heels of <a href="https://www.benzinga.com/markets/equities/24/04/38330613/boeing-grapples-with-32-whistleblower-complaints-in-3-years-amid-mounting-safety-concerns-report">32 whistleblower complaints</a> against Boeing over the past three years, with allegations of employer retaliation being investigated by the U.S. workplace safety regulator. This has raised significant safety concerns for the company.</p>
<p>Moreover, as Boeing<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38365885/boeing-will-deliver-q1-earnings-while-at-center-of-air-safety-scandal-everybody-wan"> prepares to release its Q1 earnings</a>, investors are keen to see if the company&#8217;s performance can offset the recent scandals that have tarnished its public image.</p>
<p><strong>Price Action:</strong> On Monday, the stock closed at 170.48, with a slight increase of 0.22% from the previous close.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38346938/trump-is-a-force-of-nature-reince-priebus-has-raised-70m-for-gop-convention-despite-being-pushed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Trump Is A Force of Nature&#8217;: Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out</a></em></p>
<p><em>Photo via Shutterstock</em></p>
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                <u><a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a></u><br />
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Boeing Foresees Slower 787 Production Ramp-Up Due To Supplier Shortages: Report

<p>Rilzabrutinib LUNA 3 phase 3 study met primary endpoint in immune thrombocytopenia</p>
<ul>
<li>Pivotal data from the first phase 3 study of a BTKi in immune thrombocytopenia (ITP) underscore the potential of rilzabrutinib to provide a clinically meaningful benefit to patients living with ITP</li>
<li>Regulatory submissions in the US and EU anticipated by year-end</li>
<li>Rilzabrutinib is one of 12 potential medicines and vaccines in Sanofi&#39;s robust immunology pipeline and a testament to Sanofi&#39;s ability to successfully accelerate and build a portfolio of next-generation transformative treatments for immune diseases</li>
<li>In addition to ITP, rilzabrutinib is being studied across a variety of immune-mediated diseases including asthma, chronic spontaneous urticaria, prurigo nodularis, IgG4-related disease and warm autoimmune hemolytic anemia</li>
</ul>


Sanofi's Rilzabrutinib LUNA 3 Phase 3 Study Met Primary Endpoint In Immune Thrombocytopenia

<ul>
<li>Vertex obtains an exclusive license to&nbsp;TreeFrog&#39;s C-StemTM &nbsp;manufacturing technology in type 1 diabetes&nbsp;</li>
<li>TreeFrog and Vertex to collaborate on scale-up of fully differentiated, insulin-producing pancreatic islet cells&nbsp;</li>
</ul>


VRTX

Vertex Announce Licensing Agreement And Collaboration With Treefrog Therapeutics To Optimize Production Of Vertex's Cell Therapies For Type 1 Diabetes

Macro Economic Events

Econ #s

BBJP

WisdomTree Trust Japan Total Dividend Fund

Bank Of Japan Core Consumer Price Index (YoY) 2.2% Vs. 2.3% Prior

<p>Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.54 by 1.95 percent. This is a 10.8 percent decrease over earnings of $1.76 per share from the same period last year.  The company reported quarterly sales of $428.14 million which beat the analyst consensus estimate of $422.49 million by 1.34 percent.  This is a 6.57 percent increase over sales of $401.76 million the same period last year.</p>


PNFP

Pinnacle Finl Partners Q1 EPS $1.57 Beats $1.54 Estimate, Sales $428.14M Beat $422.49M Estimate

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Generally speaking, you want to minimize your exposure to cheap stocks under $10. Yes, smaller companies have the potential to rise dramatically higher than their larger counterparts. In part, that&rsquo;s because they&rsquo;re unpredictable &ndash; and this ambiguity cuts both ways.</p>



<p>Sure, cheap stocks under $10 have the benefit of the law of small numbers working in their favor during upswings. Basically, it doesn&rsquo;t take as much energy to push a pebble up the mountain. However, if you climb too high up that mountain and you slip, bad things can happen. That&rsquo;s the danger with lesser-known enterprises.</p>



<p>Still, by talking calculated risks &ndash; especially with analyst-endorsed ideas &ndash; you could potentially win out. With that possibility in mind, here are some cheap stocks under $10 to consider.</p>



<h2>Crescent Point Energy (CPG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>As a hydrocarbon specialist, <strong>Crescent Point Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cpg-stock-quote/"><strong>CPG</strong></a>) might not seem the most promising of cheap stocks under $10. First, you have the ongoing relevancy issue with the oil and gas space amid the rising prominence of renewable infrastructures. Second, the fossil-fuel players haven&rsquo;t performed that well recently (though CPG stock appears to be an exception).</p>



<p>Still, investors are gradually feeling confident about Crescent. Yes, in the company&rsquo;s third quarter of 2023, it posted a loss per share of $1.13. That was well below expectations calling for earnings per share of 35 cents. However, in Q4, Crescent made good, posting EPS of $1.26 against an estimated 28 cents.</p>



<p>For the current fiscal year, analysts <a href="https://finance.yahoo.com/quote/CPG/analysis">anticipate revenue to reach $3.19 billion</a>. If so, that would be a 34.7% skyrocketing against last year&rsquo;s print of $2.37 billion. And in 2025, they believe sales of $3.67 billion are in order. That would imply a 15.1% year-over-year lift.</p>



<p>Analysts rate shares a <a href="https://www.tipranks.com/stocks/cpg/forecast">unanimous strong buy</a> with a $9.78 price target. The high side calls for a strong $11.11 target.</p>



<h2>Taboola.com (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p>One of the riskiest ideas among cheap stocks under $10, <strong>Taboola.com</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a>) is simultaneously among the more compelling. A public advertising company, you&rsquo;re probably aware of Taboola even if you don&rsquo;t know the corporate label. It&rsquo;s responsible for the &ldquo;Around the Web&rdquo; and &ldquo;Recommended for You&rdquo; advertisements at the bottom of many online news articles.</p>



<p>Basically, it puts food on the table for folks like me. It&rsquo;s a tough and competitive business, no doubt about it. However, Taboola has a dominating presence in its niche market. In Q3 last year, the company posted EPS of 2 cents, beating out expectations for a per-share loss of 4 cents. Then, in Q4, the company posted earnings of 9 cents per share. This beat out the estimate for 3 cents.</p>



<p>For fiscal 2024, analysts anticipate revenue to hit $1.92 billion. If so, we&rsquo;re talking a growth rate of 33.4%. Last year, the company rang up sales of $1.44 billion.</p>



<p>Analysts peg shares as a <a href="https://www.tipranks.com/stocks/tbla">strong buy</a> with a $6 price target. The worst rating is a lone hold.</p>



<h2>Genius Sports (GENI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/genius-sports-300x169.jpg" alt="Genius sports logo. Genius Sports is a sports data and technology company that provides data management and integrity services."><div>Source: Karolis Kavolelis / Shutterstock.com</div></div><p>I must say that I&rsquo;m torn about <strong>Genius Sports</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/geni-stock-quote/"><strong>GENI</strong></a>). I love the concept. <a href="https://www.google.com/finance/quote/GENI:NYSE?hl=en">Per the company&rsquo;s public profile</a>, Genius is a sports data and technology firm. It provides data management, video streaming, and integrity services to sports leagues, bookmakers, and media companies. With interest in sports viewership and gambling rising, GENI stock seems an interesting idea.</p>



<p>However, it entered the public arena via a reverse merger with a blank-check firm. That&rsquo;s problematic given the format&rsquo;s history. Also, its earnings performances have not been pleasant. In Q3, Genius posted a loss of 6 cents per share against an expected loss of 4 cents. It added to concerns in Q4 when it posted a loss of 12 cents against an anticipated loss of 7 cents. Yikes!</p>



<p>Still, analysts believe this fiscal year&rsquo;s revenue will land at $480.54 million. That would be up 16.4% against last year&rsquo;s tally of just under $413 million. And they also view 2025 sales as reaching $554 million.</p>



<p>Analysts have the final word, rating shares a <a href="https://www.tipranks.com/stocks/geni">unanimous strong buy</a>. The average price target clocks in at $8.79.</p>



<h2>TScan Therapeutics (TCRX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/pte_biotech_1600-300x169.png" alt="Medical technology network team meeting concept. Doctor hand working smart phone modern digital tablet laptop computer graphics chart interface, sun flare effect photo, PTE"><div>Source: everything possible / Shutterstock.com</div></div><p>Based in Waltham, Massachusetts, <strong>TScan Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcrx-stock-quote/"><strong>TCRX</strong></a>) is a clinical-stage biopharmaceutical company dedicated to <a href="https://www.tscan.com">creating life-changing T-cell therapies</a>. The company aims to unleash the untapped potential of the human immune system through its proprietary TargetScan technology. It&rsquo;s a wildly choppy entity but investors seem excited about TCRX&rsquo;s prospects.</p>



<p>Since the start of the year, shares gained almost 19% of market value. Over the past 52 weeks, they&rsquo;re up more than 159%. Interestingly, in Q1 2023, TScan posted a loss of 93 cents per share. That was a bad miss compared to the expected loss of 74 cents. However, since Q2, the company has been delivering the goods. Indeed, the past three quarters averaged a positive earnings surprise of 36.3%.</p>



<p>Still, the risk factor is that in 2024, analysts project sales to land at $16.51 million. That&rsquo;s 21.6% below last year&rsquo;s print of $21.05 million. However, the ultimate endorsement could be the <a href="https://www.tipranks.com/stocks/tcrx">unanimous strong buy assessment</a> among five individual races. Further, the $11 target implies 62% growth potential, making it one of the enticing cheap stocks under $10.</p>



<h2>TransAlta (TAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/energy-stocks-1600-300x169.png" alt="Person holding the glowing world in their hands with icons with different types of energy. AI Recommended Energy Stocks in July"><div>Source: PopTika / Shutterstock</div></div><p>An electricity power generator and wholesale marketing company, <strong>TransAlta</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tac-stock-quote/"><strong>TAC</strong></a>) operates wind, hydroelectric, natural gas and coal power generation facilities. Although a relevant idea for the permanently relevant narrative of energy distribution, investors have a dim view of TAC stock. Since the start of the year, shares slipped more than 21%. In the past one year, the company is down 20%.</p>



<p>Part of the volatility could be centered on the performance of its last earnings report. In Q4, the company posted a loss per share of 20 cents. However, experts anticipated EPS of 14 cents. However, it&rsquo;s important to keep in mind the context. From Q1 to Q3 last year, the average positive earnings surprise stood at 206.3%.</p>



<p>Admittedly, analysts are cautious for this fiscal year and next, anticipating revenue of $2 billion and $1.82 billion, respectively. In 2023, TransAlta posted sales of $2.49 billion.</p>



<p>Still, the Street rates TAC a <a href="https://www.tipranks.com/stocks/tac">unanimous strong buy</a> with a $11.19 price target. That&rsquo;s up nearly 72% from the time-of-writing price, making TransAlta one of the cheap stocks under $10 to consider.</p>



<h2>BrainsWay (BWAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/mental_health_psychiatry_1600-300x169.jpg" alt='A row of file folders with labels reading "mental health," "psychiatry," "disorders", "bipolar," "depression," "anxiety" and "schizophrenia".'><div>Source: Olivier Le Moal / Shutterstock.com</div></div><p>An international enterprise, <strong>BrainsWay</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bway-stock-quote/"><strong>BWAY</strong></a>) engages in the <a href="https://www.brainsway.com">development of a medical device</a> that uses specialized technologies for deep transcranial magnetic stimulation. The purpose is to facilitate a non-invasive treatment for depression, obsessive-compulsive disorder (OCD), and smoking addiction. While an exciting concept, BWAY stock is also extremely risky, suffering a loss of more than 21% since January.</p>



<p>Still, the broader context is that BWAY is up almost 200% over the past 52 weeks. Notably, in the first half of fiscal 2023, the company posted losses per share of 14 cents and 10 cents. However, things turned around in Q3 and Q4, with the company posting a loss per share of 2 cents and a breakeven print, respectively.</p>



<p>For the current fiscal year, analysts believe that Brainsway can post sales of $37.78 million. That would be up nearly 19% from last year&rsquo;s tally of $31.79 million. For 2025, they believe $44.04 million is possible, thus representing 16.6% YOY growth.</p>



<p>Covering experts peg BWAY as a <a href="https://www.tipranks.com/stocks/bway/forecast">unanimous strong buy</a> with a $10.67 price target. That makes it a high-risk, high-reward idea among cheap stocks under $10.</p>



<h2>Stereotaxis (STXS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks"><div>Source: metamorworks / Shutterstock</div></div><p>Headquartered in St. Louis, Missouri, <strong>Stereotaxis</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/stxs-stock-quote/"><strong>STXS</strong></a>) aims to improve healthcare through the use of advanced automation equipment. Specifically, Stereotaxis is involved in the field of interventional medicine, helping to improve outcomes through surgical robotics. According to Grand View Research, the <a href="https://www.grandviewresearch.com/industry-analysis/surgical-robot-market">global surgical robots market size</a> reached a valuation of $3.92 billion last year.</p>



<p>What&rsquo;s more, industry insiders believe that the space could expand at a compound annual growth rate of 9.5% from 2024 to 2030. At the forecast&rsquo;s culmination point, the industry could print revenue of $7.42 billion. To be fair, the company has been posting losses per share that have come in worse than anticipated.</p>



<p>However, analysts anticipate a potential turnround this year, with the company projected to post sales of $30.37 million. If so, that would represent a 13.4% increase from last year&rsquo;s sales of $26.77 million. And in 2025, sales may reach $43.8 million, implying over 44% YOY growth.</p>



<p>Finally, analysts rate STXS a <a href="https://www.tipranks.com/stocks/stxs/forecast">unanimous strong buy</a> with a $4.50 price target. That implies nearly 84% upside potential.</p>



<p><strong><a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a></strong></p>



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



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



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/low-priced-high-potential-7-cheap-stocks-under-10-to-try-your-luck-with/">Low-Priced, High-Potential: 7 Cheap Stocks Under $10 to Try Your Luck With</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Low-Priced, High-Potential: 7 Cheap Stocks Under $10 to Try Your Luck With

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>This month in March is a great time to pick up shares in these best <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy. I chose the companies due to their strong fundamentals and potential for significant upside. Investing in penny stocks can provide the opportunity for substantial returns, as these lower-priced shares have more room for capital appreciation compared to large-cap stocks.&nbsp;</p>



<p>However, penny stocks also come with increased volatility and risk, so it&rsquo;s important to thoroughly research each company.</p>



<p>With major indices like the <strong>S&amp;P 500</strong> and <strong>Nasdaq</strong> trading at relatively high valuations, penny stocks may also offer a more attractive entry point. Many analysts believe the <a href="https://www.livemint.com/market/stock-market-news/nifty-50-midcap-smallcap-indices-most-sectors-overvalued-says-hdfc-securities-advocates-bottom-up-stock-picking-11708316849624.html">broader markets are overvalued</a> and due for a correction after the extended bull run. In an overvalued market, cheaper penny stocks have more room for upside potential compared to large established companies.</p>



<p>So with that said, here are seven of the best penny stocks to buy for investors to consider for their portfolios. Don&rsquo;t miss out on these options to add to cheap shares.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a></span>) specializes in online advertising, holding the attention of numerous hedge funds.</p>



<p>The company <a href="https://www.gurufocus.com/news/2357282/taboolacom-ltd-tbla-reports-strong-q4-net-income-and-record-2024-guidance">concluded 2023</a> with solid fourth-quarter earnings and is optimistic about its growth in 2024. In Q4 2023, revenue grew by 13% year-over-year to $419.8 million, and the Adjusted EBITDA was $50.1 million, exceeding their guidance.</p>



<p>The net income for Q4 stood at $3.7 million. Despite the yearly net loss of $82.0 million, Taboola forecasts significant growth for 2024, aiming for a revenue increase of 33% to nearly $2 billion, with Adjusted EBITDA expected to surpass $200 million.</p>



<p>Taboola&rsquo;s strategic focus includes leveraging its partnership with <strong>Yahoo</strong>, which is expected to <a href="https://www.investing.com/news/stock-market-news/earnings-call-taboola-anticipates-robust-growth-in-2024-with-strong-q4-results-3321862">contribute over $100 million</a> in Q1 2024. The company also announced a $100 million share buyback program</p>



<p>Meanwhile, Wall Street analysts maintain a &ldquo;<a href="https://www.marketbeat.com/stocks/NASDAQ/TBLA/">Buy</a>&rdquo; consensus rating for TBLA, with an average price target of $5.94, suggesting a potential upside of 37.2% from the current price.</p>



<h2>Adaptive Biotechnologies (ADPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p><strong>Adaptive Biotechnologies</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/adpt-stock-quote/"><strong>ADPT</strong></a></span>) is a biotech firm that didn&rsquo;t meet third-quarter expectations, yet it remains a significant interest among hedge funds.</p>



<p>In Q4, <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/adpt/stock-forecast">revenue decreased</a> by 17% year-over-year to $45.8 million, while the full-year revenue saw an 8% decline to $170.3 million. The company&rsquo;s MRD (Minimal Residual Disease) segment showed growth, with Q4 MRD revenue increasing by 9% to $30.8 million and full-year MRD revenue up by 18% to $102.7 million.</p>



<p>Looking ahead to 2024, ADPT projects its MRD business revenue to be between $130 million and $140 million, with operating expenses expected to range from $360 million to $370 million.</p>



<p>I like ADPT are one of those best penny stocks to buy due to the consensus on Wall Street, with the average price target set at $7.25, indicating a potential upside of 132.37% from the current share price. The forecasts range from a low of $5 to a high of $10.<br><br><a href="https://investorplace.com/industries/healthcare/biotech/">Biotech stocks</a> are always risky, but I think that ADPT has strong potential.</p>



<h2>Grab Holdings (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1922313167-300x169.png" alt="Motorcycle helmet with Grab logo on a motorcycle parked at the road side"><div>Source: Nor Sham Soyod / Shutterstock.com</div></div><p><strong>Grab Holdings</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a></span>) operates in ride-hailing and has shown impressive growth.</p>



<p>Additionally, the launch of the <a href="https://finance.yahoo.com/news/grab-holdings-limited-nasdaq-grab-173552281.html">Malaysian digital bank</a> GXBank marked a significant milestone for GRAB, achieving over 100,000 customer signups within the first two weeks. GRAB plans to further attract new users by introducing high-value offerings.</p>



<p>In pursuit of full-year profitability for 2024 GRAB is focusing on organic growth and investing in AI technologies. The adoption of AI has enabled GRAB to significantly reduce content generation time, from 99 hours to just 90 minutes, while improving output quality.</p>



<p>The company has outlined a clear path to <a href="https://finance.yahoo.com/news/grab-holdings-limited-nasdaq-grab-173552281.html">steady group adjusted EBITDA growth</a> and improved adjusted free cash flow generation. Among its capital market activities, GRAB announced plans to repay its remaining Term Loan B debt facility, expected to save approximately $50 million in annual interest expenses.</p>



<p>I&rsquo;ve been bullish on GRAB for a while, and these initiatives underscore why I think it could be one of those penny stocks to buy.</p>



<h2>Opendoor Technologies (OPEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-finding-magnify-300x169.jpg" alt="A hand holding a magnifying glass over pennies. under-$1 stocks to buy"><div>Source: Shutterstock</div></div><p><strong>Opendoor Technologies</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/open-stock-quote/"><strong>OPEN</strong></a></span>), a real estate platform, has seen substantial gains in 2023 and is expected to achieve a free cash flow breakeven milestone by the first half of 2024.</p>



<p>The company <a href="https://finance.yahoo.com/news/opendoor-technologies-inc-nasdaq-open-153005779.html">increased its market share significantly</a> from Q1 to Q4 and saw a contribution margin of 8.3% from its new inventor. Adjusted operating expenses saw a nearly 30% year-over-year reduction in Q4, aside from reduced advertising spend.</p>



<p>For 2024, OPEN has set a revenue target between $1.05 billion and $1.1 billion for Q1, with a contribution profit expected to be between $40 million and $50 million. This outlook implies a contribution margin of 3.8% to 4.5%, with an adjusted EBITDA loss projected between $70 million and $80 million.</p>



<p>The company anticipates first quarter home purchases to remain flat compared to Q4 but to increase significantly year-over-year, with a continuous upward trend expected into Q2.</p>



<h2>AbCellera Biologics (ABCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/biotechnologyepzm1600-300x169.png" alt="OLK Stock. Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Talk. Advanced Scientific Lab for Medicine, Biotechnology. Blue Color. KZR stock. RSLS stock. Best Biotech Stocks to Buy"><div>Source: Gorodenkoff / Shutterstock.com</div></div><p><strong>AbCellera Biologics</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/abcl-stock-quote/"><strong>ABCL</strong></a></span>) is a biotech firm that&rsquo;s been in the spotlight for its potential in strategic partnerships and innovations in biotech.</p>



<p>Analysts have projected its financial performance for 2024 with an <a href="https://www.marketscreener.com/quote/stock/ABCELLERA-BIOLOGICS-INC-116373768/">expected revenue</a> of $48.05 million and a net income forecasted to be -$187 million. Looking further ahead into 2025, revenue is anticipated to grow to $64.79 million, though the net income is expected to deepen to -$215 million.</p>



<p>For the most recent quarter, ABCL reported earnings that fell short of analysts&rsquo; expectations. The reported EPS was -$0.17, missing the consensus estimate by $0.03. Revenue was also down, with revenue reported at $9.18 million against analysts&rsquo; expectations of $9.58 million.</p>



<p>However, I think that this is short-term bad news and par the course for anyone investing in biotech stocks. Its valuation is perhaps its biggest draw card, trading at just around $4.30 at the time of writing, with multiples far below that of its peers.</p>



<h2>Blink Charging (BLNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/blnk-stock-300x169.jpg" alt="a blink charging station, BLNK stock"><div>Source: David Tonelson/Shutterstock.com</div></div><p><strong>Blink Charging</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/blnk-stock-quote/"><strong>BLNK</strong></a></span>) specializes in electric vehicle charging infrastructure and has reported significant growth.&nbsp; The company announced a record-breaking revenue in the third quarter of 2023, surpassing its previous records.</p>



<p>In a move to <a href="https://electrek.co/2024/03/11/blink-charging-will-more-than-triple-ev-charger-production-with-a-new-factory/">boost its manufacturing capabilities</a> and embrace domestic production, BLNK has initiated the development of a new 30,000-square-foot factory in Maryland. This facility is set to more than triple the company&rsquo;s EV charger production capacity to over 50,000 units annually, a significant leap from the current capacity of 15,000 units.</p>



<p>The company&rsquo;s prospects have garnered attention from analysts and investors alike. Needham <a href="https://stockanalysis.com/stocks/blnk/forecast/">upgraded BLNK stock</a> from a &ldquo;Hold&rdquo; to a &ldquo;Buy&rdquo; rating, setting a price target that suggests a significant upside. The consensus among eight analysts offers a &ldquo;Buy&rdquo; recommendation, with a 12-month average price target indicating a potential increase of over 246%.</p>



<p>That prie target alone then makes it one of those best penny stocks for investors to buy.</p>



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div><p><strong>Bitfarms</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bitf-stock-quote/"><strong>BITF</strong></a></span>), a <strong>Bitcoin </strong>(<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>) mining company, has experienced a substantial increase in its stock price, driven by its aggressive expansion plans and the bullish trend in Bitcoin.</p>



<p>In 2023, BITF <a href="https://investor.bitfarms.com/news-events/press-releases/detail/229/bitfarms-earns-300-btc-in-february-2024-provides-update-on">focused on growth</a>, laying a foundation for aggressive expansion in 2024. Their monthly Bitcoin production showed a year-over-year decrease from 5,167 BTC in 2022 to 4,928 BTC in 2023, with a noticeable drop in BTC earned from December 2023 (446 BTC) to February 2024 (300 BTC)</p>



<p>Looking ahead, BITF&rsquo;s strategy includes a <a href="https://investor.bitfarms.com/news-events/press-releases/detail/219/bitfarms-initiates-transformative-fleet-upgrade-that">transformative fleet upgrade</a> to support a projected 17 EH/s and 391 MW by the end of 2024. This includes acquiring additional miners to reach a target hashrate of 21 EH/s within the same timeframe.</p>



<p>Bitcoin miners like BITF generally show a strong correlation with the price of Bitcoin, with these stocks being sensitive to the price movements of the currency. In fact, these firms often make even greater moves, which can amplify both gains and losses for investors.</p>



<p>I think that BITF could be a good pick for investors who want exposure to the crypto market with a miner that&rsquo;s greatly expanding its mining capacity.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-7-best-penny-stocks-to-buy-in-q2-2024/">The 7 Best Penny Stocks to Buy in Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Best Penny Stocks to Buy in Q2 2024

Taboola.com (TBLA – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Laura Martin...

Buy Rating on Taboola.com Backed by Strong Revenue and EBITDA Growth Projections

Taboola: At A Key Inflection Point, Right Time To Buy

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Exploring the stocks that could turn $100 into $1,000 reveals the thrilling potential of the penny stock market.</p>



<p>Don&rsquo;t get your hopes up so fast, though. The Fear and Greed Index has dipped back into &lsquo;neutral&rsquo; territory from &lsquo;greed&rsquo; last month. However, with the backdrop of impending interest rate cuts, I expect that scenario to change dramatically later in the year. The three interest rate cuts expected in the latter half of the year could inject additional vitality into the market. This could offer healthy upside potential in penny stock bets.</p>



<p>Nevertheless, it&rsquo;s important to be proactive ahead of a major breakout in the <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> discussed in the article. You won&rsquo;t have to think that hard either. Investors can easily scoop up a substantial number of shares from all three stocks that could turn $100 into $1,000.</p>



<h2>Grab (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1922313167-300x169.png" alt="Motorcycle helmet with Grab logo on a motorcycle parked at the road side"><div>Source: Nor Sham Soyod / Shutterstock.com</div></div><p><strong>Grab </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a></span>) is a powerhouse in the fast-growing Southeast Asian ride-hailing and delivery. Its gig economy platform has effectively tapped into the burgeoning middle class in one of the world&rsquo;s most dynamic regions. Additionally, its commitment to organic growth and innovation, through its recent strategic AI investments, signals a clear path toward sustained profitability. CFO Peter Oey is going all-in on AI to effectively streamline operations and <a href="https://www.wsj.com/tech/grab-targets-organic-growth-ai-tools-in-path-to-profitability-interview-3a6ebfc1?mod=business_lead_pos1">expand product offerings</a>.</p>



<p>Moreover, its leap into profitability, following its impressive fourth quarter (Q4) earnings report, marks a major milestone. An $11 million profit not only signals robust financial health but is a testament to Grab&rsquo;s effective AI-driven enhancements in marketing, menu translation and customer service. This strategic embrace of AI sets a promising stage for  rapid market growth and long-term gains.</p>



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div><p>The choppiness in&nbsp;<strong>Bitcoin</strong>&nbsp;(<span><a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a></span>) prices of late is merely a smokescreen, obscuring its massive long-term potential. Moreover, with crypto investors gearing up for the anticipated halving event in April, estimates are soaring as high as $100,000 for BTC. Also, the expected rate cuts this year could be another shot in the BTC&rsquo;s proverbial arm.&nbsp;</p>



<p>This backdrop makes Bitcoin miners like&nbsp;<strong>Bitfarms&nbsp;</strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bitf-stock-quote/"><strong>BITF</strong></a></span>) particularly enticing, especially considering how <a href="https://seekingalpha.com/symbol/BITF/momentum/performance">it is down 25% year-to-date</a>. That had a lot to do with equity dilution concerns, with Bitfarms having recently moved to raise $375 million. This financial infusion is set to turbocharge its operations, which is expected to triple its mining power at the end of this year. The planned increase from <a href="https://investor.bitfarms.com/news-events/press-releases/detail/234/bitfarms-announces-march-2024-production-and-operations">6.5 EH/s to 21 EH/s</a> represents a 223% bump in computing power, leading to vigorous top-line expansion ahead.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up. Stocks That Could Turn $100 into $1,000"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a></span>) is an online advertising giant that&rsquo;s been one of the most consistent players over the years. Its consistent expansion is driven by strategic partnerships, triggering a ripple effect that attracts more brands while broadening its revenue streams in the process.</p>



<p>It wrapped up last year, with solid Q4 earnings <a href="https://www.gurufocus.com/news/2357282/taboolacom-ltd-tbla-reports-strong-q4-net-income-and-record-2024-guidance">where sales jumped</a> 13% YOY to $419.8 million, while adjusted EBITDA rose $50.1 million, outperforming analyst estimates. &nbsp;Furthermore, Taboola forecasts significant growth in 2024, aiming for a sturdy increase in sales at 33% to nearly $2 billion, with its adjusted EBITDA expected to surpass $200 million and <a href="https://seekingalpha.com/article/4612557-taboola-undervalued-well-positioned-swift-recovery">$100 million in free cash flow</a>.&nbsp;</p>



<p>Also, its partnership with <strong>Yahoo </strong>could potentially bring in $1 billion annually, significantly improving its financials this year and beyond.</p>



<p><em>On the date of publication, Muslim Farooque 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 InvestorPlace.com Publishing Guidelines</em></p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/from-pennies-to-profits-3-stocks-that-could-transform-your-100-into-a-grand/">From Pennies to Profits: 3 Stocks That Could Transform Your $100 into a Grand</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

From Pennies to Profits: 3 Stocks That Could Transform Your $100 into a Grand

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors should keep their eyes on these best <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.</p>



<p>Another great thing is that these companies often have tiny market caps and cheap valuations, so the prospects of hitting a multi-bagger is perhaps the highest for these types of investments. </p>



<p>Of course, the flip side is that many penny stocks also carry a heightened risk of failure, as these smaller companies may lack the resources, management expertise, or competitive advantages to sustain long-term growth.</p>



<p>With that said, here are seven of the best penny stocks to buy for April. These companies have that magic mix of advantages and low valuations that make them attractive for investors of various risk tolerances and time horizons.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a>) operates in the online advertising space, having gained recognition for its content recommendation platform and its deal with <strong>NBCUniversal News Group.</strong></p>



<p>I believe that TLBA could be one of those best penny stocks to buy in April for a few different reasons. Analysts <a href="https://www.investing.com/news/stock-market-news/earnings-call-taboola-anticipates-robust-growth-in-2024-with-strong-q4-results-3321862">view TBLA&rsquo;s future positively</a>, expecting a 33% revenue growth in 2024 to nearly $2 billion. A $100 million share buyback program has also been authorized.</p>



<p>The company itself is <a href="https://finance.yahoo.com/news/taboola-com-ltd-tbla-reports-113456704.html">forecasting substantial growth</a> across key metrics. The company expects revenue from its main operating segments to grow by 25% compared to 2023, with adjusted EBITDA expected to exceed $200 million and free cash flow projected to surpass $100 million.</p>



<p>TBLA could be a great pick for investors who want to invest in a developing advertising company without paying for a steep valuation. Therefore, it&rsquo;s one of those best penny stocks to buy in April.</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600-300x169.jpg" alt="Closeup of a large gold nugget. stocks under $10"><div>Source: Shutterstock</div></div><p><strong>New Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) is a Canadian-based gold mining company with multiple projects.</p>



<p>Gold has always been a favorite of mine as a precious metal to invest in due to its lack of correlation with traditional risk assets, but NGD stands as a promising penny stock to invest in on its own while preserving some of Gold&rsquo;s uncorrelated properties.</p>



<p>The company has a number of investments planned for this year. These investments are expected to underpin free cash flow generation, <a href="https://www.newswire.ca/news-releases/new-gold-outlines-significant-free-cash-flow-generation-profile-supported-by-improving-production-and-decreasing-costs-over-the-next-three-years-854846781.html">with a notable increase</a> in gold production projected at the Rainy River Mine to between 250,000 and 280,000 ounces.</p>



<p>Financially, NGD&rsquo;s performance in <a href="https://finance.yahoo.com/news/gold-reports-fourth-quarter-full-221500827.html">2023 laid a strong foundation</a>, with revenue growing to $786.5 million from the previous year. The increase was primarily driven by higher sales volumes and gold prices, although partially offset by lower copper prices.&nbsp;</p>



<p>NGD could then be a great option for those who want exposure to precious metals.</p>



<h2>Bit Digital (BTBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/bitcoin_world_map_1600-300x169.jpg" alt="A map of the world with Bitcoin iconography overlaid on various countries with lines between various icons."><div>Source: naulicrea / Shutterstock.com</div></div><p><strong>Bit Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/btbt-stock-quote/"><strong>BTBT</strong></a>) is engaged in the cryptocurrency mining sector, focusing on <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) production.</p>



<p>Bitcoin will continue to be a strong winner in my opinion, and I think that after a pullback this April following the upcoming halving event, it could continue its rapid capital appreciation as institutional investment continues to pour into it. Small miners like BTBT could then lend themselves to significant returns.</p>



<p>In 2024, BTBT plans to focus on enhancing its <strong>Ethereum </strong>(<a href="https://investorplace.com/cryptocurrency/eth-usd/"><strong>ETH-USD</strong></a>) treasury holdings through the conversion of mined bitcoin into ETH for staking. For January 2024, BTBT reported the production of 145.7 BTC, a decrease from the previous month, with an active hash rate of approximately 2.50 EH/s.&nbsp;</p>



<p>The company&rsquo;s digital asset holdings, including BTC and ETH, were valued at approximately $74 million, with cash and equivalents of $22.6 million. BTBT&rsquo;s staked ETH earned a blended APY of about 3.69%, yielding approximately 38.7 ETH in rewards for the month.</p>



<p>This backdrop and its war chest of crypto make it one of the best penny stocks to buy in April.</p>



<h2>Future FinTech Group (FTFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div><p><strong>Future FinTech Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a>) works in the blockchain and fintech industries catering to a global clientele in the e-commerce sector.</p>



<p>The company&rsquo;s main business includes an online shopping platform, Chain Cloud Mall (<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/"><strong>CCM</strong></a>), based on blockchain technology. FTFT has expanded into financial services and cryptocurrency market data services.</p>



<p>For the third quarter of 2023, <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/ftft/earnings">FTFT reported an earnings per share</a>&nbsp; of negative 16 cents marking a 36% improvement compared to the same period the previous year, where the EPS was negative 25 cents The total earnings for the quarter were approximately -$2.49 million.</p>



<p>The reason I think FTFT could be a long-term winner is that its CCM platform is one of the most disruptive in the industry, and <a href="https://bluetree.digital/fintech-market-growth-statistics/#:~:text=The%20global%20fintech%20market%20is%20projected%20to%20reach%20%24460%20billion,22.17%25%20from%202020%20to%202025.">gives people an alternative</a> to the big name brands. The fintech industry is expanding rapidly, and I believe that investors should have exposure to this sector for long-term gains.</p>



<h2>Gerdau (GGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ggb-stock-1-300x169.jpg" alt="A close-up shot of the Gerdau (GGB) office sign in Sao Paolo, Brazil."><div>Source: casa.da.photo / Shutterstock.com</div></div><p><strong>Gerdau</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ggb-stock-quote/"><strong>GGB</strong></a>) is a steel producer with operations spread across various sectors such as civil construction and automotive. The steel industry heavily relies on the health of the Chinese economy to fuel its expansive construction projects.</p>



<p>I&rsquo;m bullish on China, notwithsanding some short-term setbacks, as it has <a href="https://www.wsj.com/economy/chinas-service-economy-expands-further-caixin-pmi-shows-b6c0ca62">now shown some signs of recovery</a>.</p>



<p>The company <a href="https://www.marketscreener.com/quote/stock/GERDAU-S-A-6492877/news/Gerdau-S-A-2Q23-Earnings-Release-44555220/">closed the second quarter</a> of 2023 with an adjusted EBITDA of $3.8 billion, marking one of its best historical results for the period, despite a slight decrease in shipments of steel. </p>



<p>Despite this, GGB&rsquo;s P/E ratio is below the US market average, indicating good value compared to peers and industry.</p>



<p>GGB stock is then one of those best penny stocks to buy due its valuation, as well as the fact that it gives investors some indirect exposure to China&rsquo;s continued rise as an emerging economy through its healthy appetite for steel.</p>



<p>The projected one-year price target suggests a potential upside of 19.16% from its current price, setting the target at $5.10.</p>



<h2>Genworth Financial (GNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gnw1600-300x169.jpg" alt="A shot of the Genworth Financial (GNW) sign on an office building in Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Genworth Financial</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnw-stock-quote/"><strong>GNW</strong></a>) is an insurance holding company offering products like mortgage insurance and long-term care insurance.</p>



<p>In the fourth quarter of 2023, GNW <a href="https://finance.yahoo.com/news/genworth-financial-gnw-q4-2023-194515748.html">experienced several financial shifts</a>, notably in its long-term care insurance and life and annuities sectors. </p>



<p>The company reported an adjusted operating loss of $151 million in long-term care insurance, a decrease from a $204 million income in the same quarter of the previous year.&nbsp;</p>



<p>&nbsp;It also announced a significant $350 million share repurchase authorization in July of the previous year. GNW plans to invest approximately $35 million in 2024 in CareScout services, aiming to drive long-term growth for its offerings.</p>



<p>I think that GNW could be one of those penny stocks to buy in April, primarily due to management&rsquo;s strong conviction that its shares are undervalued, evidence through the share repurchase, as well as being n undervalued insurance company in its own right when compared with its peer companies.</p>



<h2>Transocean (RIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rig-1600-300x169.jpg" alt="Transocean logo on a laptop screen. RIG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Transocean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rig-stock-quote/"><strong>RIG</strong></a>) is a major player in deep-water and ultra-deep-water drilling with a global operational footprint.</p>



<p>RIG entered 2024 on a <a href="https://finance.yahoo.com/news/transocean-ltd-rig-reports-narrowed-113215085.html">somewhat positive note</a>, with a narrowed net loss in Q4 2023 and a robust backlog. RIG reported an adjusted EBITDA of $122 million and a margin of 16.3%. </p>



<p>The company&rsquo;s backlog stood at $9.01 billion. Meanwhile, its management noted the addition of $3.2 billion to the backlog during the quarter and highlighted the delivery and commissioning of two eighth-generation drillships.&nbsp;</p>



<p>This backdrop is enough for me to recommend RIG and one of the best penny stocks for investors to scoop up in April this year.</p>



<p>The stock has also seen an increase in value, rising 5% from the start of 2024 to the recent trading price. Analysts set a 12-month price target with an average expectation of $8.06, indicating a potential upside of around 20.9% from its current trading level&#8203;.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-7-best-penny-stocks-to-buy-in-april-2024/">The 7 Best Penny Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Best Penny Stocks to Buy in April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a>, known for their riskiness, experience rapid surges and falls due to low volume, affordable pricing and operational factors. However, for informed investors, there are penny stocks to buy that offer a chance to secure substantial gains at low costs.</p>



<p>Recent developments suggest a high likelihood of consecutive rate cuts in 2024. This is a scenario where penny stocks typically thrive. However, expectations should be tempered in comparison to the cheap debt era. With <a href="https://www.statista.com/chart/29055/fomc-projections-for-the-federal-funds-rate/">anticipated rates</a> around the low 5% range for the remainder of 2024 before dropping to the high 4s next year, compared to today&rsquo;s rate of 5.5%, this unique position could catalyze a surge in penny stocks.</p>



<p>Years of austerity and rate hikes, they weeded out the weakest penny stocks. The &ldquo;worst in class&rdquo; companies disappeared via bankruptcy, privatization, and acquisition. The survivors are now stronger, more efficient and competitive. A penny stock that successfully weathered the past few years is primed to grow as rates dip. But don&rsquo;t want until then. These penny stocks to buy are in a position to transcend micro-cap status and achieve success.</p>



<h2><strong>Ballard Power Systems (BLDP)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/bldp-stock-1-300x169.jpg" alt="Ballard Power Systems Inc logo visible on display screen"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>A fuel-cell manufacturer, penny stock <strong>Ballard Power Systems</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/bldp-stock-quote/"><strong>BLDP</strong></a></span>), targets a unique market &mdash; heavy automotives like buses and trains and portable power solutions on construction sites. The fickleness of retail consumer demand can cripple companies when market and business cycles swing out of favor, as observed with <strong>Tesla</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a></span>) in recent months. However, Ballard secures a foothold in reliable industries by first targeting enterprise-level clients and anchoring future strategic pivots.</p>



<p>Late last year, Ballard <a href="https://seekingalpha.com/news/4019393-ballard-wins-orders-for-177-hydrogen-fuel-cell-engines-for-buses-in-europe">secured an order</a> for over 177 hydrogen fuel cell engines for buses across Europe. This contract, marking the continent&rsquo;s largest deployment of hydrogen fuel-powered buses, signifies a pivotal moment for the energy penny stock leader.</p>



<p>For some, Ballard&rsquo;s <a href="https://www.investing.com/news/stock-market-news/ballard-power-systems-grapples-with-escalating-cash-burn-declining-revenue-93CH-3225148">rapid cash burn</a> raises concerns. However, the company&rsquo;s <a href="https://www.ballard.com/docs/default-source/financial-reports/2023/mda-q4-23-final.pdf?sfvrsn=4807d980_4">recent earnings report</a> highlighted efforts to mitigate this burn. Moreover, the absence of debt on the company&rsquo;s balance sheet prevents the overburdening of the company with unsustainable leverage in the current climate of high interest rates.</p>



<h2><strong>Desktop Metal (DM)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/pennies-cheap-1600-300x169.png" alt="Pennies in a jar on top of a background of pennies. Pennies. Cheap stocks."><div>Source: John Brueske / Shutterstock</div></div><p>The climbing rates posed a significant challenge for the 3D-printing penny stock company <strong>Desktop Metal</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/dm-stock-quote/"><strong>DM</strong></a></span>), causing its share price to plummet from a high of $30 in 2021 to under $1 today, categorizing it as a literal penny stock. However, Desktop Metal emerged stronger from this test of its resilience, positioning itself for a potential surge in the next penny stock bull market.</p>



<p>Post-ZIRP, executives, board members and shareholders assimilated tough lessons that contradicted the previously comfortable &ldquo;growth at all costs&rdquo; mindset prevalent during periods of cheap debt. Penny stocks like Desktop Metal, successfully navigating these changes, emerged financially stronger and more adept at navigating future economic downturns. They&rsquo;re also primed to capitalize on favorable market shifts.</p>



<p>Desktop Metal showcased improved financials in its <a href="https://www.businesswire.com/news/home/20240315314376/en/Desktop-Metal-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/">fourth-quarter filing</a>, notably cutting its net loss by more than half from $740.3 million in 2022 to $323.4 million by the end of 2023. Additionally, the company reduced its burn rate by 25% and significantly increased its cash reserves. Even more encouraging is the company&rsquo;s projection of reaching breakeven EBITDA in the second half of 2024, suggesting that there is still an opportunity to invest before Desktop Metal begins generating profits.</p>



<h2><strong>Taboola (TBLA)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p>The penny stock <strong>Taboola</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a></span>) is trading fairly flat thus far in 2024, rising just 2.14% since January 1st. Still, its 1-year 75% increase points to bullish momentum remaining, meaning investors can accumulate shares now before a larger leg up.</p>



<p>Even if Taboola is new to you, you&rsquo;ve likely seen its product on popular online platforms such as <strong>CNBC</strong>, <strong>Business Insider</strong> and <strong>Apollo Asset Management&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/apo-stock-quote/"><strong>APO</strong></a></span>) Yahoo! platform, among others. Taboola enables websites to monetize their traffic by displaying diverse advertisements while offering businesses a distinctive advertising platform to boost their visibility. Boasting over <a href="https://www.yahooinc.com/press/yahoo-and-taboola-enter-30-year-commercial-agreement-developing-a-leading-offering-for-advertisers-publishers-and-merchants-on-the-open-web-partnership-to-generate-approximately-1-billion-in-annual-revenue">15,000 advertisers</a> and nearly 600 million daily active users, Taboola plays a pivotal role in shaping the online advertising landscape.</p>



<p>Recently, Taboola revealed an exclusive <a href="https://www.taboola.com/press-release/advancelocal">multi-year expansion partnership</a> with <strong>Advance Local</strong> to enhance user engagement and seize new marketing opportunities. Scott Lawrence, Senior Director of Programmatic Strategy at Advance Local, praised the partnership in recent discussions, saying, &ldquo;Over the past eight years, Taboola has proven to be an outstanding partner, contributing to our engagement with readers through high-quality content and supporting local media companies with innovative business solutions.&rdquo; Digital marketing is a perma-growth industry; this penny stock is one of the few ready to capitalize on its many opportunities.</p>



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



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



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/penny-stock-powerhouses-3-tiny-titans-ready-to-explode/">Penny Stock Powerhouses: 3 Tiny Titans Ready to Explode</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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