Trip.com Group Stock (NASDAQ:TCOM), Trade Ideas

Trip.com Group

Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.

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Capitalizing on the solid prospect of heating, air conditioning, and refrigeration (HVACR) industry, Universal Technical Institute, Inc.&#39;s (NYSE: UTI) namesake division initiates a nine-month HVACR technician programs at Avondale, AZ, and Long Beach, CA, campuses.


Universal Technical (UTI) Unveils New HVACR Training Program

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U.S. stocks were lower, with the Dow Jones falling around 400 points on Tuesday.

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Shares of  Nuvve Holding Corp. (NASDAQ: NVVE) fell sharply during Monday’s session after the company reported worse-than-expected fourth-quarter financial results.

Why Nuvve Holding Shares Are Trading Lower By Around 30%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Trip.com Group Limited - American Depositary Shares

Trip.com Group Ltd

Rep. Marjorie Taylor Greene (R-Ga.) has criticized House Speaker Mike Johnson (R-La.) for his alleged autocratic behavior and backroom dealings with Democrats. The tweet was posted on Tuesday.
What Happened: Greene, in her tweet, accused Mike Johnson of becoming a &#8220;mini tyrant.&#8221; She alleged that he was using underhanded tactics with Democrats to alter the rules of Congress, thereby maintaining his power and pushing through the agendas of President Joe Biden and Senate Majority Leader Chuck Schumer (D-N.Y.).
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Mike Johnson, the constitutional attorney, has turned into a mini tyrant. He's using backroom deals with Democrats to change the rules of Congress to continue clinging onto his power while passing Joe Biden and Chuck Schumer's wishlist. We need a new Speaker!! <a href="https://t.co/NhTwVJujQN">pic.twitter.com/NhTwVJujQN</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1781013989331226919?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
This tweet comes in the wake of Greene&#8217;s ongoing campaign to unseat Johnson, a campaign that has recently been joined by Rep. Thomas Massie (R-Ky.). Despite former President Donald Trump&#8217;s endorsement of Johnson, Greene has been pushing for a vote on Johnson&#8217;s removal, particularly over issues related to Ukraine aid.
Why It Matters: Johnson quashed rumors about considering changes to make his leadership more secure, despite pressure from Republican hard-liners who deemed it a &#8220;red line.&#8221; Johnson criticized the existing rule allowing easy ousting but affirmed it would remain, <a href="https://abcnews.go.com/Politics/mike-johnson-wont-change-rules-ousting-house-speakers/story?id=109395286">reported</a> ABC News.
He faced opposition from the party&#8217;s right flank, led by Greene, who demanded assurances he wouldn&#8217;t alter the rule. Amidst the standoff, Johnson navigated delicate balances between advancing national security bills and retaining his position, with some members threatening to oust him if he altered the threshold for a motion to vacate.
Johnson has been facing criticism from conservatives due to the lack of border security provisions in his latest foreign aid proposal. He <a href="https://www.benzinga.com/news/24/04/38305637/mike-johnson-on-border-criticism-some-of-my-colleagues-want-the-speaker-of-the-house-to-have-a-magic">dismissed the criticism</a>, attributing the lack of action to Senate and White House Democrats. He stated, "Some of my colleagues want the Speaker of the House to have a magic wand. If we could close the border ourselves, we would have done it a long time ago.&#8221;
Johnson&#8217;s comments came after the release of legislative text for three bills that would combine military assistance to Ukraine, Israel, and allies in the Indo-Pacific with humanitarian aid for Gaza. These bills, however, do not include a border security measure, a reversal from Johnson's previous indication that aid for Ukraine would be tied to such measures. This has been a point of contention for Greene and her supporters, as seen in her <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">recent efforts</a> to remove Johnson from his position as Speaker.
Read Next: <a href="https://www.benzinga.com/news/24/04/38308231/trumps-niece-says-ex-president-has-never-faced-constellation-of-horrors-hes-currently-experiencing-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Has Never Faced &#8216;Constellation Of Horrors He&#8217;s Currently Experiencing&#8217; Amid Stack Of Criminal Trials: &#8216;Not Going To Sit Well With Him&#8217;</a>
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Marjorie Taylor Greene Says Mike Johnson Has Turned Into A 'Mini Tyrant': 'We Need A New Speaker'

Journalist Justin Baragona shared a dismissed juror&#8217;s impression of former President Donald Trump during his ongoing trial on Thursday.
What Happened: On Thursday, Baragona tweeted a comment made by a dismissed juror about Trump&#8217;s appearance during his trial. The juror, in an <a href="https://www.msnbc.com/ana-cabrera-reports/watch/dismissed-juror-describes-seeing-trump-in-the-courtroom-during-hush-money-trial-209256005671">interview</a> with MSNBC&#8217;s Yasmin Vossoughian, noted a change in Trump&#8217;s complexion, stating: &#8220;You know, he looked less orange, definitely like more yellowish, like yellow.&#8221;
&#8220;He doesn&#8217;t look angry, he looks bored. He wants this finish and do his stuff.&#8221; The juror said other perspective jurors understood the gravity of the case and its historic nature.
The juror revealed that she became a citizen of the United States in August and this was her first ever time to have been called for jury duty.
The juror said she was dismissed because she said she couldn&#8217;t be impartial. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dismissed Trump juror tells MSNBC of her impression of the ex-president: &quot;You know, he looked less orange, definitely like more yellowish, like yellow.&quot; <a href="https://t.co/q1DZyWaEX7">pic.twitter.com/q1DZyWaEX7</a>
&mdash; Justin Baragona (@justinbaragona) <a href="https://twitter.com/justinbaragona/status/1780978306814247175?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/04/38305609/teary-biden-slams-trump-for-remarks-on-service-members-who-the-hell-does-he-think-he-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Teary Biden Slams Trump For Remarks On Service Members: &#8216;Who The Hell Does He Think He Is?&#8217;</a>
The tweet comes amidst the high-profile trial involving Trump and alleged hush money payments. The jury, consisting of 7 men and 5 women, was selected after a lengthy process that involved questioning hundreds of potential jurors about their ability to remain impartial.
Why It Matters: The trial has garnered significant attention, not only for the charges against the former president but also for the composition of the jury. Among the 12 jurors, two are lawyers, a fact that Trump&#8217;s former attorney, Timothy Parlatore, described as &#8220;very unusual&#8221; in an <a href="https://www.benzinga.com/news/24/04/38305694/former-trump-attorney-says-very-unusual-to-have-lawyers-on-the-jury-they-can-be-a-very-strong-voice">interview</a> with CNN. He suggested that the presence of lawyers on the jury could be either advantageous or disadvantageous, depending on the specifics of the case.
The trial is a critical event for Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), as the outcome could significantly impact the company&#8217;s reputation and stock performance.
Read Next: <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned &#8216;Complex And Inefficient&#8217;</a>
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Trump Looks Less Orange, More Yellow Says Dismissed Hush Money Trial Juror: 'He Doesn't Look Angry, He Looks Bored'

Owner of X, Elon Musk, has announced plans to fund a national signature campaign in support of the First Amendment, amid ongoing debates about free speech.
What Happened: On Thursday, Elon Musk took to X, formerly Twitter, to express his commitment to free speech. &#8220;Given the relentless attacks on free speech, I am going to fund a national signature campaign in support of the First Amendment,&#8221; he posted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Given the relentless attacks on free speech, I am going to fund a national signature campaign in support of the First Amendment
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1781002178708082904?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38309306/legal-expert-says-tesla-shareholder-vote-to-approve-elon-musks-pay-for-his-past-wor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Legal Expert Says Tesla Shareholder Vote To Approve Elon Musk&#8217;s Pay &#8216;For His Past Work&#8217; Is Like Setting &#8216;</a>
This announcement comes in the wake of Musk&#8217;s recent interactions on the subject of free speech. He had previously <a href="https://www.benzinga.com/news/24/04/38306161/elon-musk-reacts-to-npr-ceos-remarks-on-freedom-of-speech-super-powerful-ai-programmed-in-this-way-h">raised concerns</a> about the potential dangers of super-powerful artificial intelligence (AI) on social media platforms, warning of the &#8220;civilization-level risks&#8221; posed by such AI. 
Why It Matters: Musk&#8217;s commitment to free speech has been a topic of discussion in recent times. He had earlier filed a lawsuit against the Center for Countering Digital Hate (CCDH) for <a href="https://www.benzinga.com/general/social-media/24/03/37920503/elon-musk-whiffs-in-lawsuit-against-watchdog-group-judge-blasts-case-as-trying-to-punish-def">calling him out</a> for hate speech, which was later dismissed by a California judge. 
Furthermore, Musk has been vocal about his <a href="https://www.benzinga.com/news/24/04/38156008/elon-musk-fires-back-at-censorship-supporters-with-a-cryptic-post-youre-not-woke-or-progressive-your">stance on censorship</a>, criticizing those who support it. His recent tweet further solidifies his position as a staunch supporter of free speech. 
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306270/dogecoin-could-make-elon-musks-fate-loves-irony-comment-come-true-if-it-flips-ethereums-ma?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Make Elon Musk&#8217;s &#8216;Fate Loves Irony&#8217; Comment Come True If It Flips Ethereum&#8217;s Market Cap At Last Bull Run, Says This Crypto Influencer</a>
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Tech

Elon Musk Announces Intent To Finance 'National Signature Campaign' In Support Of First Amendment, Alleging 'Relentless Attacks On Free Speech

Crypto analyst Michaël van de Poppe has suggested that Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price may soon experience a significant rebound, despite the waning hype surrounding the upcoming halving event.
What Happened: Van de Poppe took to X on Thursday to share his prediction. He noted that the current market conditions could pave the way for a price surge in the near future. 
He wrote, &#8220;Pretty significant chance #Bitcoin will be bouncing from this area upwards for some relief. The hype is slowly fading away for Bitcoin as the halving is approaching and narratives will change.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pretty significant chance <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> will be bouncing from this area upwards for some relief. The hype is slowly fading away for Bitcoin as the halving is approaching and narratives will change. <a href="https://t.co/D3JWVihXID">pic.twitter.com/D3JWVihXID</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1781000487480758385?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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Van de Poppe&#8217;s forecast comes amid a period of market stabilization. Despite recent volatility, Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) have both <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38312737/bitcoin-defies-165m-etf-outflows-bounces-above-62-000">managed to bounce back</a> above the $62,000 and $3,000 marks, respectively.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299089/trump-related-maga-memecoin-onboards-roger-stone-as-partner?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Related MAGA Memecoin Onboards Roger Stone As Partner</a>
Additionally, the highly anticipated Bitcoin halving is just two days away, and analysts at 10x Research have suggested that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321951/what-happens-after-the-bitcoin-halving">post-halving scenario</a> may not necessarily mirror the pre-halving frenzy.
Why It Matters: The Bitcoin halving event, which occurs approximately every four years, is a significant milestone for the cryptocurrency. The event involves a 50% reduction in the rewards miners receive for validating transactions, ultimately impacting the supply of new Bitcoins entering the market. 
Historically, halving events have been associated with significant price movements in Bitcoin, making them a focal point for investors and analysts.
Despite the recent market volatility, some industry experts remain bullish on Bitcoin&#8217;s long-term prospects. Anthony Scaramucci, the founder of SkyBridge Capital, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321903/bitcoin-to-200k-after-halving-skybridges-scaramucci-believes-the-crypto-will-eclipse-gold-">recently suggested</a> that Bitcoin could reach $200,000 per coin following the halving, while a Fidelity director <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38320609/holding-0-001-bitcoin-could-make-you-a-multimillionaire-according-to-fidelity-director">highlighted</a> the potential for even a small investment in Bitcoin to create generational wealth.
Price Action: According to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>, Bitcoin is presently trading at $63,103, representing a decrease of 0.65% over the last 24 hours. However, it has surged by 42.86% since the beginning of the year.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnaround In The Making?</a>
Image Via Shutterstock 
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Bitcoin Analyst Predicts 'Significant Chance' Of Price Bounce Amid Fading Hype: 'Narratives Will Change'

The latest development in the legal battles surrounding former U.S. President Donald Trump has seen his bid to delay several lawsuits linked to the Capitol attack denied. This decision was reportedly made by U.S. District Judge Amit Mehta in Washington.
What Happened: On Thursday, Trump&#8217;s defense lawyers&#8217; plea to postpone the civil cases while he fights the 2020 election interference criminal case was dismissed. These cases, filed by Democratic lawmakers and police officers, allege harm suffered during the Capitol attack on January 6, 2021, and accuse Trump of inciting the riot, <a href="https://www.chicagotribune.com/2024/04/18/trump-jan-6-lawsuits-delay-request/">reported</a> the Chicago Tribune.
Trump&#8217;s defense argued that his speech prior to the attack was a matter of public concern and within the scope of presidential immunity. However, this claim was rejected by Washington&#8217;s federal appeals court in December, allowing the lawsuits to proceed.
See Also: <a href="https://www.benzinga.com/news/24/04/38270988/elon-musk-reacts-after-trump-posts-screenshot-of-tesla-ceos-post-about-lawfare-not-being-applied-equ?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Trump Posts Screenshot Of Tesla CEO&#8217;s Post About &#8216;Lawfare:&#8217; &#8216;Not Being Applied Equally To Joe And Hunter Biden&#8217;</a>
Judge Mehta, an appointee of former President Barack Obama, stated that the public interest lies in the swift resolution of these civil lawsuits, alongside the criminal case. He added that safeguards can be put in place to allow the lawsuits to advance without infringing on Trump&#8217;s Fifth Amendment rights.
Why It Matters: This decision comes amidst a series of legal challenges for the former president. In August 2023, Trump refused to <a href="https://www.benzinga.com/news/23/08/33806596/trump-refuses-to-pledge-compliance-with-judges-order-in-jan-6-case-the-whole-thing-is-a-fake">pledge compliance</a> with a judge&#8217;s order in the Jan. 6 case, calling it a &#8220;fake.&#8221;
Furthermore, Trump is also facing a criminal trial involving alleged hush money payments. The jury for this trial was <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">selected</a> on Thursday, marking another step towards the commencement of the trial.
Read Next: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
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Trump's Bid To Pause Jan.6 Capitol Riot Case Denied By Judge

The <a href="https://www.benzinga.com/topic/hemp">hemp </a>market, after riding the highs of the &#8220;green rush&#8221; in 2021, faced significant challenges in 2022, similar to the broader global cannabis market downturn. This period was marked by considerable corrections in cultivation and prices. However, a recent report from the U.S. Department of Agriculture (USDA) brings promising news: the market is showing signs of stabilization.
<h3 class="wp-block-heading">Key Insights From USDA Report</h3>
The USDA&#8217;s National Agricultural Statistics Service released a <a href="https://release.nass.usda.gov/reports/hempan24.pdf">report </a>indicating positive trends in the hemp industry:
Market Value and Acreage: The value of open hemp production rose to $291 million, an 18% increase from the previous year, with a stable cultivation area of around 27,000 acres nationwide. The report highlighted that the unprotected segment of the hemp market (areas not covered by specific hemp programs) reached a production value of $258 million.
Yield Improvements: Interviews with farmers revealed that increased market value is partly due to improved yields in various hemp categories, including grain, fiber and floral hemp. The report, now in its third consecutive year, aims to standardize agricultural research and focuses on CBD and non-intoxicating cannabis crops, designated as &#8220;specialty crops&#8221; since the 2018 Farm Bill.
<ul>
<li>Fiber hemp yield for 2023 was estimated at 4,053 pounds per acre, a significant increase from the previous year.</li>
<li>Floral hemp yield was estimated at 1,088 pounds per acre, also showing an improvement.</li>
<li>Grain hemp yield was estimated at 779 pounds per acre, marking a notable increase.</li>
</ul>
Leading States: South Dakota (3200 harvested area), Montana (2300), Oregon (2900), and California (2100) emerged as the top hemp-producing states, collectively accounting for nearly half of the country&#8217;s hemp cultivation area.
Prices: For various categories of industrial floral hemp prices were recorded as follows: 
<ul>
<li>Dried flower at $4.38 per pound, bucked at $6.35, hand-trimmed at $87.8, and $59.2 for other forms. </li>
<li>Notably, there has been a decrease in the price of dried flowers, which stood at $11.90 per pound in 2022. </li>
<li>However, the price for bucked hemp experienced a significant increase, doubling from the previous year&#8217;s $3.12.</li>
</ul>
The process of bucking, which is an industrial method used to separate cannabinoid-rich flowers from the rest of the biomass, highlights the differentiated pricing based on the processing level of hemp.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2023, the value of hemp production in the open and under protection for the United States totaled $291 million, up 18% from 2022. See more <a href="https://twitter.com/hashtag/AgStats?src=hash&amp;ref_src=twsrc%5Etfw">#AgStats</a> in the National Hemp Report &#x27a1;&#xFE0F;<a href="https://t.co/xeuwXqTpDB">https://t.co/xeuwXqTpDB</a>
&mdash; National Agricultural Statistics Service (@usda_nass) <a href="https://twitter.com/usda_nass/status/1780673275707728216?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">Why Hemp Matters</h3>
Hemp is gaining attention for its <a href="https://www.benzinga.com/markets/cannabis/23/06/32783960/hemp-could-be-the-biggest-investment-opportunity-since-plastic">environmental benefits and versatility</a>. As a gluten-free crop with a great nutritional profile, Hemp offers a sustainable alternative in food, fiber, and construction material production. It requires <a href="https://www.benzinga.com/markets/cannabis/24/01/36539826/is-eco-friendly-hemp-farming-profitable-this-company-proves-it-is-and-now-leads-a-revolution-in-">fewer pesticides and less water </a>than cotton and is twice as efficient as trees in carbon absorption, positioning hemp as a crucial crop for environmental sustainability.
This USDA report underscores the hemp market&#8217;s resilience and <a href="https://www.benzinga.com/general/biotech/24/03/37633391/usda-invests-10m-in-hemp-research-tribal-lands-and-bidens-hemp-biotech-initiative">potential for growth</a>, highlighting the industry&#8217;s adaptation to challenges and its role in sustainable agriculture.

Cannabis

USDA Hemp Market Report Shows Stability And Growth Amid Challenges

GSUN

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

The 12 jurors who will decide the fate of former President Donald Trump were selected in the highly anticipated criminal trial involving alleged <a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i">hush money payments.</a>
Here are the latest details and what comes next.
What Happened: A lengthy process that saw <a href="https://www.benzinga.com/general/social-media/24/04/38282616/trump-trial-gets-7-jurors-11-to-go-their-old-social-media-posts-take-center-stage-in-court-e">hundreds of potential jurors</a> asked about their necessity to be impartial in the trial against Trump is one step closer to the trial beginning.
On Thursday, jurors seated for the hush money case now stands at 12, the total needed for the verdict, as <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-trial-day-3-live-updates-rcna145936">shared </a>by NBC News.
Making up the jury are seven men and five women. Here are the jurors and their professions, as <a href="https://www.nbcnews.com/politics/donald-trump/meet-the-first-7-jury-members-as-trumps-hush-money-trial-progresses-rcna148198">reported </a>by NBC News. 
<ol>
<li>Male, works in sales</li>
<li>Male, investment banking</li>
<li>Male, attorney</li>
<li>Male, security engineer</li>
<li>Female, teacher</li>
<li>Female, software engineer</li>
<li>Male, attorney, likes the outdoors</li>
<li>Male, retired, previously worked in wealth management</li>
<li>Female, speech therapist</li>
<li>Male, commerce worker</li>
<li>Female, product development manager</li>
<li>Female, physical therapist</li>
</ol>
"We have our jury," Judge Juan Merchan said after a 12th juror was agreed upon by the prosecution and defense.
Merchan gave instructions to the jurors Thursday before they left, reminding them that they cannot discuss the case. The judge reminded the jurors that they are expected to view the case with a "fair and impartial manner."
Getting to 12 jurors Thursday could come as a surprise after the way the court day began. After reaching seven jurors Tuesday before adjourning the trial until Thursday, two of the jurors were removed early Thursday.
One juror was dismissed after a prior arrest was brought into question.
Juror 2, an oncology nurse, was excused earlier in the day after saying that after sleeping on the case, she worried she could no longer be impartial. She also was concerned about her identity becoming public with family already asking if she was on the jury.
The jury selection process has also seen large numbers of potential jurors dismissed after saying they can't be impartial in the case. When Merchan asked a pool of 96 potential jurors to raise their hand if they can't be impartial in the case, 48 were immediately dismissed.
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38261008/donald-trump-argues-political-prosecution-before-jury-selection-in-new-york-trial-judge-not-goin">Donald Trump Argues &#8216;Political Prosecution&#8217; Before Jury Selection In New York Trial: &#8216;Judge Not Going To Allow Me To Escape This Scam&#8217;</a>
What's Next: Six additional jurors are still needed, who will serve as alternates.
The plan, as of now, is for the trial to begin Monday. This could happen if the alternates are selected on Friday. "I'm hopeful we will finish tomorrow," Merchan said.
Trump's hush money criminal trial is expected to last six to eight weeks.
Speaking to reporters after the case wrapped Thursday, Trump said he should have been campaigning in key states for the 2024 election.
"I've been here all day," Trump said.
Trump called the case an "unfair trial."
"The whole thing is a mess."
DJT Price Action: Shares of Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have been volatile during Trump's legal proceedings.
Shares spiked Thursday, but it was likely unrelated to the case. The<a href="https://www.benzinga.com/markets/equities/24/04/38319481/why-trump-media-technology-group-shares-are-gaining-thursday"> shares traded higher </a>after a filing from the company explained to shareholders how to keep the shares they own from being loaned out for short selling.
DJT shares closed Thursday up 25.72% to $33.19 versus a 52-week trading range of $22.55 to $79.38.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">Trump Hush Money Trial Draws Reaction From Congressman, Talk Show Hosts: &#8216;Worse Than Anything Richard Nixon Ever Did&#8217;</a>
Photo: Created with artificial intelligence on MidJourney and Zolnierek on Shutterstock

Legal

Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President's Fate

Two of the greatest and most well-known movie directors of the past 50 years are teaming up on a new series. Here's what Martin Scorsese and Steven Spielberg are up to and how it could help<a href="https://www.benzinga.com/topic/streaming-stocks"> a streaming company.</a>
What Happened: Scorsese and Spielberg are uniting to serve as executive producers on a "Cape Fear" series. The series, which is based on 1962 and 1991 films will <a href="https://www.benzinga.com/topic/apple-tv-0">stream on AppleTV+</a>, a unit of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). 
It is unknown if Scorsese or Spielberg will direct or write the series, or both will simply serve as producers on the project. The news was reported by <a href="https://variety.com/2024/film/news/martin-scorsese-frank-sinatra-biopic-dicaprio-jennifer-lawrence-1235973769/">Variety</a>. 
Starring Nick Nolte and Robert De Niro, the 1991 film grossed $79.1 million domestically and $182.3 million worldwide. The film centers on a lawyer who is stalked by a former client who is released from prison. Scorsese was the director of the film.
The 1962 film starred Gregory Peck and Robert Mitchum. &nbsp;
The new series isn't the only item in the works for Scorsese or Spielberg.
Scorsese plans on shooting back-to-back films according to Variety. One would be about Jesus and the other about musician Frank Sinatra.
The Jesus film is based on the 1973 book "Life of Jesus" and Scorsese is considering independently financing it.
The Sinatra film is eying Leonardo DiCaprio as the singer and Jennifer Lawrence to play the singer's second wife, Ava Gardner. This film is drawing attention from several companies including Apple, but Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) is believed to be in the lead.
Spielberg is also working on a UFO film and on a series based on Napoleon Bonaparte. The series, which sources material from an unfinished film of Stanley Kubrick, will air on Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)-owned HBO.
Related Link: <a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">AppleTV+ A Streaming Winner? New Survey Shows Platform Has Smallest Library, Highest Rated Content</a>
Why It's Important: Even as producers of the new series and no involvement beyond that, the inclusion of Scorsese and Spielberg could help AppleTV+ have a new hit series that will get a lot of attention.
Given the previous source material and the names attached, it could be one of the most highly anticipated series for Apple as it nears.
Apple <a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio">spent around $1 billion</a> on three blockbuster movies in 2023, with one being the Scorsese picture "Killers of the Flower Moon."
The film drew critical praise and was nominated for 10 Academy Awards, but was ultimately shut out. The film also grossed $67.9 million domestically and $156.9 million worldwide.
Apple has worked with Spielberg in the past as the film legend is a <a href="https://www.benzinga.com/general/entertainment/23/11/35717790/tom-hanks-steven-spielberg-back-together-for-world-war-ii-series-on-appletv-here-are-the-de">producer alongside</a> Tom Hanks on "Masters of the Air."
While it has a smaller content library, Apple's willingness to spend and grab big names along with key sports rights could make its streaming platform a must-subscribe for consumers.
Read Next: <a href="https://www.benzinga.com/general/entertainment/23/10/35430485/apple-hikes-subscription-prices-for-tv-arcade-bundle-will-also-get-more-expensive">Apple Hikes Subscription Prices For TV+, Arcade — Bundle Will Also Get More Expensive</a>
Photo: Steven Spielberg and Martin Scorsese in the press room at the 66th Annual Golden Globe Awards, photo by <a href="https://www.shutterstock.com/g/sbukley">s_bukley</a> via Shutterstock

Entertainment

AAPL

Sony Group Corporation American Depositary Shares

SONY

Steven Spielberg, Martin Scorsese Team Up On New Series For This Streaming Platform

Approximately one in 10 American adults report frequent marijuana use regardless of whether they live in a legal or non-legal state, confirming that state legalization does not significantly change consumption rates, according to a Gallup poll released Thursday.
This data begs a couple of questions: Does cannabis prohibition and criminalization effectively reduce consumption among adults? Has the war on drugs deterred marijuana consumption?
"The narrow gap in cannabis consumption among residents of states where it remains illegal compared with those in states where it is legal suggests that its criminalization does little to curtail its use among American adults," <a href="https://news.gallup.com/poll/642851/cannabis-greatest-among-lower-income-less-educated.aspx#:~:text=The%20narrow%20gap%20in%20cannabis,its%20use%20among%20American%20adults.">noted </a>Gallup.
That said, Gallup wrote: "Dovetailing with broadening legalization, the percentage of U.S. adults who report that they&nbsp;smoke marijuana&nbsp;has more than doubled in the past decade, climbing from 7% in 2013 to 17% in 2023. During that same period, the percentage reporting that they have tried it at least once has climbed from 38% to 50%.&#8221;
<h1 class="wp-block-heading">Cannabis Use Highest in Middle Atlantic Region</h1>
Reports of regular cannabis use vary across the U.S. Census divisions though the Middle Atlantic region showed the highest rates. While concluding that cannabis use is comparable between legal and non-legal states, the Gallup study found the highest usage rates were observed in New York, New Jersey and Pennsylvania, the latter being the only state that maintains adult-use prohibition. Then came East North Central divisions states of Wisconsin, Michigan, Illinois, Indiana and Ohio. 
The lowest usage rates, 7%, are reported in the East South Central states of Kentucky, Tennessee, Mississippi and Alabama. Followed by West North Central states of North Dakota, Minnesota, South Dakota, Nebraska, Iowa, Kansas and Missouri.
In the East North Central division, where marijuana is prohibited in some states, 11% of adults still use cannabis regularly — again indicating a nuanced relationship between legality and usage patterns.
"These differences are statistically meaningful" as they generally align with political identity.
<h1 class="wp-block-heading">Red Vs. Blue Vs. Green</h1>
People living in red states have somewhat lower regular usage rates than blue states. Regular use is reported by 10% of Democrats and independents, but it drops to 6% among Republicans.
Read the full Gallup poll <a href="https://news.gallup.com/poll/642851/cannabis-greatest-among-lower-income-less-educated.aspx#:~:text=The%20narrow%20gap%20in%20cannabis,its%20use%20among%20American%20adults.">HERE</a>
Photo: Elsa Olofsson On Unsplash

Government

Regulations

Cannabis Consumption, Legal Or Not In Your State: Everyone Seems To Be Consuming At Equal Rates, New Gallup Poll Finds

Florida-based EMI is a metal and millwork manufacturer of standard and customized fixtures, displays, and food equipment for the convenience store, grocery, and restaurant industries.&nbsp;As part of the transaction, the Company will welcome EMI&#39;s more than 300 employees to LSI
&quot;As outlined within our&nbsp;Fast Forward&nbsp;strategic plan, LSI intends to drive net sales growth by more than&nbsp;60%&nbsp;between fiscal year 2023 and fiscal year 2028, with approximately half of this growth supported by acquisition-related contributions,&quot; said&nbsp;James A. Clark, President and Chief Executive Officer.&nbsp;
Upon closing, the transaction will be immediately accretive to LSI on an adjusted earnings per share basis.

LYTS

LSI Industries Acquires Privately Held EMI Industries For An All-Cash Purchase Price Of $50M

The Colorado Senate has passed SB24-158, a bill that significantly tightens regulations on social media content related to <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis</a>,<a href="https://www.benzinga.com/markets/psychedelics" target="_blank" rel="noreferrer noopener"> psychedelics</a> and hemp products. This bill, which has sparked a heated debate about free speech and digital regulation, could significantly alter the landscape of online content related to cannabis and other substances within the state.
<h3 class="wp-block-heading">Amendments And Opposition Highlight The Bill&#8217;s Complexity</h3>
<a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche">Initially introduced with </a><a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche" target="_blank" rel="noreferrer noopener">broader </a><a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche">implications</a>, the bill was <a href="https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5C9383AE03C9962487258B00006D2613/SB158_J.001.pdf" target="_blank" rel="noreferrer noopener">amended</a> by State Sen. Chris Hansen (D) to allow the promotion of medical and retail cannabis to users over the age of 21, provided it complies with state laws. Despite these adjustments to refine the bill, its reach seems to remain extensive, applying to a wide array of substances.&nbsp;
Notably, the amended version specifies that &#8220;illicit substances&#8221; include <a href="https://www.benzinga.com/topic/hemp" target="_blank" rel="noreferrer noopener">hemp products</a> not classified as a tincture or cosmetic. These are defined as products possessing more than 1.25 milligrams of THC per serving, or those with a <a href="https://www.benzinga.com/topic/cbd">CBD</a> to THC ratio of less than 20 to 1.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Senator Michaelson Jenet and I worked hard to pass SB-158 out of the Senate today with a vote of 34-1. We urgently need better protections for children using social media. The companies are making record profits, but not doing enough to prevent access to illegal substances <a href="https://twitter.com/hashtag/coleg?src=hash&amp;ref_src=twsrc%5Etfw">#coleg</a> <a href="https://t.co/SnT2Hz5cKG">pic.twitter.com/SnT2Hz5cKG</a>
&mdash; Chris Hansen for Colorado (@Hansen4Colorado) <a href="https://twitter.com/Hansen4Colorado/status/1780695901410939387?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With a 30–1 vote in favor, the Senate&#8217;s <a href="https://leg.colorado.gov/content/sb24-158vote55bd8e" target="_blank" rel="noreferrer noopener">decision</a> propels the <a href="https://leg.colorado.gov/bills/sb24-158" target="_blank" rel="noreferrer noopener">bill</a> into a potentially contentious future, as critics <a href="https://www.rstreet.org/commentary/colorado-bill-would-ban-users-from-talking-about-marijuana-and-medication-compromise-law-enforcement-investigations-and-stop-people-from-knowing-when-theyre-being-investigated/" target="_blank" rel="noreferrer noopener">argue</a> it infringes on the right to discuss legal and benign substances online.
Voices like the R Street Institute&#8217;s Shoshana Weismann have called out the legislation for its potential to limit discussions on common medications, labeling such restrictions as &#8220;asinine,&#8221; <a href="https://www.marijuanamoment.net/colorado-senate-passes-bill-that-could-ban-social-media-users-who-post-positively-about-drugs-including-legal-psychedelics/" target="_blank" rel="noreferrer noopener">according</a> to Marijuana Moment. Meanwhile, proponents of plant and fungi-based medicines fear the bill could stifle educational efforts and dialogue on these alternative treatments.
<h3 class="wp-block-heading">Bill's Next Steps Amid Legalization Support</h3>
With the bill&#8217;s enactment, social media platforms would be tasked with updating their policies by July 2025, under the watchful eye of the <a href="https://www.benzinga.com/markets/cannabis/24/01/36617725/12-state-attorneys-general-to-dea-reschedule-marijuana-to-defend-public-safety-cannabis-stocks-j" target="_blank" rel="noreferrer noopener">Colorado attorney general</a>. Now under the consideration of Colorado&#8217;s House Committee on Education, the bill's discussion unfolds as the state enjoys <a href="https://www.benzinga.com/markets/cannabis/24/04/38320660/colorado-residents-are-happy-with-legal-weed-a-decade-later-they-especially-praise-positive-econ" target="_blank" rel="noreferrer noopener">broad popular support for the legal regulation of cannabis</a>.

Psychedelics

Colorado Senate Approves Controversial Bill Restricting Social Media Posts On Substances Like Legal Hemp, Psychedelics

Earnings

BANF

BancFirst Q1 Sales $151.00M Beat $147.54M Estimate

The FILO Term Loan Facility significantly enhances the Company&#39;s liquidity position and is incremental to the borrowing capacity within the Company&#39;s current&nbsp;$900 million&nbsp;asset-based revolving loan facility.

Big Lots Increases Its Borrowing Capacity By Up To $200M With New 'First In, Last Out' Term Loan Facility

IPOs

TRSG

Tungray Technologies Prices IPO Of 1.25M Class A Ordinary Shares At $4 Per Share; To Commence Trading On Nasdaq Capital Market Under Ticker Symbol 'TRSG' On April 19

<h1 class="wp-block-heading">Top Stories for April 18, 2024:</h1>
<ol>
<li>Alcoa Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) <a href="https://www.benzinga.com/wiim/24/04/38309731/alcoa-shares-are-trading-higher-following-better-than-expected-q1-financial-results">reported first-quarter losses</a> of 81 cents per share with revenues of $2.6 billion, slightly above the expected $2.56 billion.&nbsp;</li>
</ol>
In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum segment saw a 3% revenue drop from lower prices and shipment timing.&nbsp;
Alumina production fell by 4% to 2.67 million metric tons and aluminum production remained stable at 542,000 metric tons.&nbsp;
Alcoa also finalized acquiring Alumina Limited and projects full-year alumina production of 9.8 million to 10 million metric tons and shipments of 12.7 million to 12.9 million metric tons.
<ol start="2">
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) released its 2023 Sustainability and Taxes &amp; Royalties Reports, marking 20 years of its sustainability efforts.&nbsp;</li>
</ol>
Key achievements include expanding its Fatality Risk Management program, completing over 650,000 safety verifications, aligning facilities with the Tailings Management Standard and enhancing workplace inclusivity.&nbsp;
The company increased female leadership to 33%, reduced freshwater use by 31% since 2018 and met a $20 million commitment to support communities affected by COVID-19.&nbsp;
Newmont has been ranked as the top gold mining company on the Dow Jones Sustainability Index for nine years and is also highly ranked on 3BL&#8217;s Corporate Citizens list.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/news/24/04/38313888/new-canadian-budget-deemed-mixed-bag-for-mining-sector">New Canadian Budget Deemed Mixed Bag For Mining Sector</a>
<ol start="3">
<li>Foremost Lithium Resource &amp; Technology Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMST#NASDAQ">FMST</a>) announced its participation in the 2024 Planet MicroCap Showcase on May 1 to 2 at the Paris Hotel &amp; Casino in Las Vegas.&nbsp;</li>
</ol>
President and CEO Jason Barnard will present on May 1 and hold investor meetings on May 2.
<ol start="4">
<li>Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) appointed Nicole B. Theophilus as executive vice president of Talent and Human Resources, starting April 29, 2024, to lead the company's talent development and HR strategy.</li>
</ol>
<ol start="5">
<li>Scotiabank Maintained its Sector Underperform rating on Southern Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) but raised its price target to $55.</li>
</ol>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/commodities/24/04/38295033/rio-tintos-next-chief-commercial-officer-says-building-mines-is-better-than-buying-heres-how-">Rio Tinto&#8217;s Next Chief Commercial Officer Says Building Mines Is Better Than Buying: Here&#8217;s How Long It Takes</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Image was created using artificial intelligence.

Commodities

FMST

SCCO

Alcoa Reports Q1 Results; Newmont's 2023 Sustainability Report; Foremost Lithium To Attend Planet MicroCap Showcase And More: Thursday's Top Mining Stories

BancFirst (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANF#NASDAQ">BANF</a>) reported quarterly earnings of $1.50 per share which beat the analyst consensus estimate of $1.39 by 7.91 percent. This is a 12.79 percent decrease over earnings of $1.72 per share from the same period last year.

BancFirst Q1 EPS $1.50 Beats $1.39 Estimate

ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) has outperformed the market over the past 5 years by 4.12% on an annualized basis producing an average annual return of 15.39%. Currently, ATI has a market capitalization of $6.45 billion. 
Buying $100 In ATI: If an investor had bought $100 of ATI stock 5 years ago, it would be worth $200.47 today based on a price of $51.83 for ATI at the time of writing.
<h3>ATI's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713475861_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

The Company&#39;s current Senior Vice President of Corporate Finance &amp; Strategy,&nbsp;Stephen Zsigray, will succeed him at that time to become Ashford Trust&#39;s President and Chief Executive Officer.&nbsp;

Management

Ashford Hospitality Trust Says Rob Hays, Current President And CEO, Will Be Stepping Down Effective June 30, 2024; Stephen Zsigray Named As Successor

Masheed Saidi had advised the Board that she does not intend to stand for reelection. In addition,&nbsp;Kenneth Moore, the Chair of the Board, has informed the Board of his intention to retire effective as of the Annual Meeting and he will therefore not stand for reelection. As a result, following the Annual Meeting, Algonquin&#39;s Board will continue to be comprised of nine directors.&nbsp;
Starboard Value LP, which own approximately&nbsp;9.0%&nbsp;of Algonquin&#39;s outstanding common shares,&nbsp;has withdrawn its previously-announced director nominations for election and agreed to support the Company&#39;s nominees for election at the Annual Meeting.
Starboard and the Company have also entered into a non-disclosure agreement for purposes of sharing information and having discussions relating to the pursuit of a sale of the Company&#39;s renewable energy business and the Company&#39;s CEO search.

Algonquin Power & Utilities Enters Into Cooperation Agreement With Starboard; Adds Brett Carter And Christopher Lopez To Board

Trip.com extends partnership with Capital A

LAZR and NVVE Consumer Discretionary movers

These Consumer Cyclical stocks are trading higher:-Jiuzi Holdings Inc (JZXN) stock is trading at $4.03, a gain of $0.54, or 16.05%, on high volume.  Jiuzi Holdings Inc. gets a Sentiment Score of Bullish from InvestorsObserver.  -Dogness Corp (DOGZ) stock is trading at $6.55, a gain of $0.74, or 12.74%, on low volume.  Dogn

Consumer Cyclical Stocks on the Move Monday: JZXN, DOGZ, LIDR, TCOM, CZOO, REBN, AUVI, NAAS

Jefferies analyst Thomas Chong maintained a Buy rating on Trip.com Group Ltd. Sponsored ADR (TCOM – Research Report) yesterday and set a price targ...

Buy Rating Maintained for Trip.com as Revenue and Margins Soar Amidst Strategic Market Capture

Despite its property sector still showing weakness, China's retail sales and factory output surpass estimates during January-February, making a solid start for the year and providing tentative relief to policymakers. Amid this backdrop, it could be wise to invest in top Chinese stocks Alibaba (BABA), Trip.com Group (TCOM), and Vipshop (VIPS) with potential for market domination. Read on… The Chinese government set an ambitious goal for <a href="https://www.nytimes.com/2024/03/04/business/china-gdp-target.html">economic growth of "around 5%" in 2024</a>. That is the same target set for last year when official data showed that the nation's total gross domestic product (GDP) rose by 5.2%. While continued weakness in the property sector remains a big concern, China's upbeat industrial output and retail sales mark a solid start for 2024.
Hence, fundamentally sound China stocks Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>), Trip.com Group Limited (<a href="https://stocknews.com/stock/TCOM/">TCOM</a>), and Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>), which are poised for market domination, could be ideal investments now.
China's retail sales and factory output surpassed expectations in the January-February period, making a solid start for 2024 and providing some relief to policymakers that the <a href="https://www.scmp.com/economy/economic-indicators/article/3239159/chinas-1-trillion-yuan-sovereign-debt-plan-offers-positive-growth-implications-beijing-eager?module=inline&amp;pgtype=article">stimulus rolled out in October</a> seemed to yield results.
According to the data released by the National Bureau of Statistics (NBS), <a href="https://www.reuters.com/markets/asia/china-jan-feb-industrial-output-retail-sales-beat-expectations-2024-03-18/">industrial output grew 7% for the first two months</a> of this year, better than the analysts' expectations for a 5% rise in a Reuters poll. Retail sales, a consumption gauge, rose 5.5%, beating the 5.2% growth forecast. Fixed asset investment increased by 4.2%, more than the 3.2% expected by analysts.
Also, private investment in China rose 0.4% in the first two months, reversing the 0.4% decrease in the entire year of 2023.
However, a protracted crisis in the property sector remains a primary concern for policymakers, consumers, and investors. Property sales by floor area dropped by 20.5% in January-February from a year ago, versus the 23% fall in December 2023.
As per Goldman Sachs economists, China's sequential growth momentum remained robust during the first quarter despite notable divergence across sectors.
"However, to secure the ambitious 'around 5%' growth target this year, more policy easing is still necessary, especially on the demand-side (e.g., fiscal, housing and consumption)," they added.
Chinese Premier Li Qiang acknowledged that reaching the 2024 GDP target "will not be easy" and added that a "proactive" fiscal stance and "prudent" monetary policy are needed. The target required "the need to boost employment and incomes and prevent and defuse risks," Li stated.
China plans to <a href="https://www.reuters.com/world/china/china-targets-2024-gdp-growth-around-5-government-work-report-2024-03-05/">reduce its budget deficit to 3% of economic output</a> from the revised 3.8% last year. It intends to issue special ultra-long-term treasury bonds worth 1 trillion yuan ($139 billion), which are not included in the budget. The country has also set a consumer inflation target of 3% and aims to generate about 12 million urban jobs this year, maintaining the jobless rate at nearly 5.5%.
Given these favorable economic trends, let's look at the fundamentals of the three top <a href="https://stocknews.com/category/china/">China</a> stock picks, beginning with the third choice.
Stock #3: Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>)
BABA, headquartered in Hangzhou, China, provides merchants, retailers, and other businesses with technology infrastructure and marketing reach for enhanced user and customer engagement. It operates in China Commerce; International Commerce; Local Consumer Services; Cainiao; Cloud; Digital Media and Entertainment; Innovation Initiatives; and Others segments.
On January 9, 2024, Alibaba.com, part of Alibaba International Digital Commerce Group (AIDC), announced the launch of its latest AI-powered Smart Assistant features at CES in Las Vegas, NV. The Smart Assistant is an AI-powered global sourcing tool that caters to both newcomers and seasoned entrepreneurs in the dynamic world of world commerce.
BABA's trailing-12-month EBITDA margin of 19.59% is 80.6% higher than the industry average of 10.85%. Likewise, the stock's trailing-12-month net income margin of 10.81% is 121.6% higher than the 4.88% industry average.
In terms of forward non-GAAP P/E, BABA is trading at 8.52x, 46.6% lower than the industry average of 15.93x. Its forward EV/EBITDA of 5.38x is 44.2% lower than the 9.65x industry average. Also, the stock's forward Price/Book multiple of 1.28 is 51.3% lower than the industry average of 2.62.
During the fiscal 2024 third quarter that ended December 31, 2023, BABA's revenue increased 5.1% year-over-year to $36.67 billion. Its adjusted EBITA rose 2% from the year-ago value to $7.44 billion. The company reported non-GAAP net income and non-GAAP earnings per share of $6.75 billion and $2.37, respectively.
As of December 31, 2023, the company's cash and cash equivalents came in at $35.89 billion, and its current assets were $113.70 billion.
Analysts expect BABA's revenue to increase 5.8% year-over-year to $130.67 billion for the fiscal year ending March 2024. The company's EPS for the ongoing year is estimated to grow 12.3% year-over-year to $8.71. Additionally, the company topped the consensus EPS estimates in three of the trailing four quarters.
The stock has gained marginally over the past five days to close the last trading session at $73.83.
BABA's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
BABA has a B grade for Momentum and Quality. It is ranked #12 out of 40 stocks within the B-rated <a href="https://stocknews.com/category/china/">China</a> industry.
Beyond what is stated above, we've also rated BABA for Growth, Value, Stability, and Sentiment. Get all BABA ratings <a href="https://stocknews.com/stock/BABA/">here</a>.
Stock #2: Trip.com Group Limited (<a href="https://stocknews.com/stock/TCOM/">TCOM</a>)
Based in Shanghai, TCOM functions as a travel service provider for accommodation reservation, packaged tours and in-destination, transportation ticketing, corporate travel management, and other travel-related services internationally. The company operates under the Ctrip, Qunar, Trip.com, and Skyscanner brands.
On February 5, 2024, TCOM celebrated the Lunar New Year travel boom with a 10-fold surge in bookings due to growth in international and inbound travel. International travel has jumped ten times, driven by relaxed visa policies, especially to Asian destinations. Inbound travel to China also rose significantly, with a high number of global tourists joining in the celebrations across China.
In line with the regular capital return policy adopted in November 2023, in February 2024, TCOM's board of directors approved and authorized the company to periodically implement strategic capital return initiatives for an aggregate value of up to $300 million (the 2024 Capital Return Program).
TCOM's trailing-12-month gross profit margin of 81.75% is 127.8% higher than the industry average of 35.89%. Similarly, the stock's EBIT margin and net income margin of 25.44% and 22.28% are considerably higher than the industry averages of 7.53% and 4.88%, respectively.
For the fourth quarter that ended December 31, 2023, TCOM posted net revenue of $1.45 billion, an increase of 105% year-over-year, primarily driven by a substantial travel market recovery. The company's <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%20is%20the%20profit,sales%20profit%20or%20gross%20income.">gross profit</a> grew 117.2% from the year-ago value to $1.17 billion. Its income from operations came in at $309 million, up marginally from the prior year's quarter.
In addition, the company's cash, cash equivalents and restricted cash stood at $6.20 billion as of December 31, 2023, and its total current assets were $12.50 billion.
Street expects TCOM's revenue and EPS for the first quarter (ending March 2024) to increase 25.9% and 34.4% year-over-year to $1.62 billion and $0.58, respectively. Moreover, the company has surpassed consensus revenue estimates in each of the trailing four quarters, which is remarkable.
TCOM's stock has surged 6.7% over the past month and 26.1% over the past six months to close the last trading session at $44.68.
TCOM's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Sentiment and a B for Quality. TCOM is ranked #10 among 40 stocks in the B-rated China industry.
In addition to the POWR Ratings above, one can access TCOM's additional POWR ratings for Value, Growth, Momentum, and Stability <a href="https://stocknews.com/stock/TCOM/">here</a>.
Stock #1: Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>)
Headquartered in Guangzhou, VIPS operates online platforms in China. Its segments include Vip.com; Shan Shan Outlets; and Others. The company provides womenswear, menswear, sportswear, shoes and bags, accessories, skincare and cosmetics, home goods, and supermarket products. Also, it offers internet finance services like consumer and supplier financing.
VIPS' trailing-12-month net income margin of 7.19% is 47.4% higher than the industry average of 4.88%. The stock's trailing-12-month ROCE, ROTC, and ROTA of 23.29%, 14.47%, and 11.22% are significantly higher than the industry averages of 11.51%, 6%, and 4.26%, respectively.
In the fourth quarter, which ended on December 31, 2023, VIPS' net revenues increased 9.2% year-over-year to $4.88 billion, and its gross profit grew 19.3% from the year-ago value to $1.16 billion. The company's non-GAAP income from operations came in at $556.76 million, up 42.5% year-over-year.
Further, non-GAAP net income attributable to VIPS' shareholders rose 43.3% from the prior year's period to $450.50 million, and its non-GAAP net income per share was $0.82, an increase of 58.6% year-over-year. As of December 31, 2023, the company had cash and cash equivalents and restricted cash of $3.70 billion, and short-term investments of $279.30 million.
For the first quarter of 2024, VIPS expects its total net revenues to be between RMB27.50 billion ($3.82 billion) and RMB28.90 billion ($4.01 billion), representing a year-over-year increase of approximately 0% to 5%.
Analysts expect VIPS' revenue and EPS for the fiscal year ending December 2024 to increase 5.4% and 7.1% year-over-year to $16.52 billion and $2.51, respectively. In addition, the company beat consensus EPS estimates in all four trailing quarters, which is impressive.
Shares of VIPS have gained 6% over the past month and 21.9% over the past six months to close the last trading session at $17.68.
VIPS' POWR Ratings reflect its robust outlook. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
VIPS has an A grade for Value. The stock also has a B grade for Momentum, Sentiment, and Quality. Within the B-rated China industry, it is ranked first among 40 stocks.
<a href="https://stocknews.com/stock/VIPS/">Click here</a> to access VIPS' additional POWR Ratings for Growth and Stability.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
BABA shares fell $1.11 (-1.50%) in premarket trading Friday. Year-to-date, BABA has declined -4.75%, versus a 10.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/baba-tcom-vips-3-china-stocks-poised-for-market-domination/>3 China Stocks Poised for Market Domination</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks Poised for Market Domination

Analyst Alex Poon of Morgan Stanley maintained a Buy rating on Trip.com Group Ltd. Sponsored ADR (TCOM – Research Report), retaining the price targ...

Strong Performance and Growth Potential Warrant Buy Rating for Trip.com Group Ltd.

Trip.com Group Ltd. Sponsored ADR (TCOM – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst on April 7...

Strong Buy on Trip.com: Outbound Travel Demand and Strategic Partnerships Fuel Growth Outlook

There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Tesla (TSLA – Research Report), Trip.com Grou...

Analysts Are Bullish on Top Consumer Cyclical Stocks: Tesla (TSLA), Trip.com Group Ltd. Sponsored ADR (TCOM)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With any investment, performing careful due diligence is a must. From careful industry analysis to financial modeling, pinpointing investments that will truly bring growth to any portfolio is difficult. Most times, unlocking a unique perspective is the difficult part. From talking to former company employees for deeper insights, carefully doing diligence to identify key catalysts or finding what really drives a company&rsquo;s moat, these are all important elements to developing an investment thesis. Of course, developing a perspective all by yourself can be difficult. This is where analyst coverage and differing opinions come into play. Analysts from websites like Yahoo Finance and Seeking Alpha, or even Street analysts, can be crucial in developing a more nuanced understanding of any investments. As such, here are three analyst-backed stocks that are on the brink of explosive gains. 



<h2>Trip.com (TCOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/tcom-1600-300x169.jpg" alt="Trip.com Group logo on a smartphone. TCOM stock."><div>Source: Ralf Liebhold / Shutterstock</div></div>Trip.com (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcom-stock-quote/">TCOM</a>) is China&rsquo;s leading one-stop platform that offers a range of travel products and services. Despite recent challenges in the travel industry due to the pandemic, Trip.com recently achieved record-breaking results. It is ready to recapture a huge customer base. As a testament to its optimism, Wall Street and quant analysts put this stock as a <a href="https://seekingalpha.com/symbol/TCOM?hasComeFromMpArticle=false&amp;source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link">strong buy</a>. Yahoo Finance analysts expect a one-year price target between an average of <a href="https://finance.yahoo.com/quote/TCOM/">$55.69</a> and a high of $72. The market rebound of the tourism market in 2023 is evident given TCOM&rsquo;s recent growth. In its recent <a href="https://www.prnewswire.com/news-releases/tripcom-group-limited-reports-unaudited-fourth-quarter-and-full-year-of-2023-financial-results-302067259.html#:~:text=For%20the%20full%20year%20of%202023%2C%20packaged%2Dtour%20revenue%20was,the%20total%20revenue%20in%202022.">FY2023 annual report</a>, TCOM witnessed a net revenue up 122.11% and a net income jump of more than 600%! Despite such strong growth,TCOM is undervalued. It has a price-to-earnings growth (PEG) ratio of <a href="https://seekingalpha.com/symbol/TCOM/valuation/metrics">0.82x</a> as compared to its sector median of 1.55x. Given the Chinese government&rsquo;s efforts to revive tourism, analysts including ourselves expect a normalization of their stock price by 2024. That should allow TCOM to capitalize on a resurgence in demand. 



<h2>Ares Management (ARES)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/private_equity_1600-300x169.jpg" alt='Gold and silver gears with the words "private equity" written on the gold gears. representing netcapital platform'><div>Source: Pavel3d/ShutterStock.com</div></div>Ares Management (NYSE:<a href="https://investorplace.com/stock-quotes/ares-stock-quote/">ARES</a>) is a global investment manager offering investment solutions across asset classes. Those include real estate, private equity and infrastructure. <a href="https://finance.yahoo.com/quote/ARES">Yahoo Finance analysts</a> estimate it will trade within a one-year price range of $126 to $157 per share, averaging at around $143.50.



Ares Management&rsquo;s past <a href="https://seekingalpha.com/symbol/ARES/growth">growth</a> foreshadows a future of likely consistent and increased future growth. Its current year-over-year (YoY) revenue growth rate of 18.87% stands about 250% above its sector&rsquo;s median of 5.47%. This displays its ability to stand above its competition. Additionally, EBITDA-wise, it stands about 21% above its sector median of 9.26%. Coupled with analyst projections set to continue this trajectory, Ares offers a dominant position in an already saturated market.



Despite difficulties across its industry to raise funds, Ares Management just completed its second-largest fundraising year of over $110 billion. This financial capital will allow it to reinvest in itself and remain proactive in its space. As such, we remain optimistic about Ares as a great choice for investors looking for strong earnings growth.



<h2>Axcelis Technologies (ACLS) </h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/acls-stock-1600-300x169.jpg" alt="Image of the Axcelis (ACLS) logo on a web browser amplified through the lens of a magnifying glass"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Axcelis Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/acls-stock-quote/">ACLS</a>) manufactures and designs essential equipment for the production of semiconductor chips worldwide. <a href="https://finance.yahoo.com/quote/ACLS">Yahoo! Finance</a> reports five analysts predicting the stock to trade in a range from $130 to $180 per share. The average price is $157 per share.&nbsp;



Axcelis just announced its recent <a href="https://investor.axcelis.com/news-releases/news-release-details/axcelis-announces-shipment-purion-exe-sic-power-series-implanter">successful</a> evaluation closure of a medium energy implanter for leading power device chipmakers in Japan. As demand for higher energy ion implant recipes grows, Axcelis will be able to expand its market share and product lineup to support numerous power device applications. Moreover, Axcelis also boasts some impressive financial data at an undervalued price. Given its price-to-earnings (P/E) ratio of <a href="https://finance.yahoo.com/quote/ACLS/key-statistics">14.16x</a> versus its five-year average of 22.62x and the industry average of <a href="https://fullratio.com/pe-ratio-by-industry">34.31x</a>, this stock sits at a significant discount. Additionally, solid YoY revenue <a href="https://finance.yahoo.com/quote/ACLS/financials">growth</a> of 22.89%, YoY EPS growth of 35.74%, and YoY EBITDA growth of 33.75%&nbsp;demonstrate the financial strength of the company. With Street analysts expecting a rebound in its true stock price, now is the best time to scoop up a few shares of this company poised for explosive future gains.



On the date of publication, Ian Hartana and Vayun Chugh did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chandler Capital is the work of Ian Hartana and Vayun Chugh. 

Ian Hartana and Vayun Chugh are both self-taught investors whose work has been featured in Seeking Alpha. Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/street-favorites-3-analyst-backed-stocks-poised-for-explosive-gains/">Street Favorites: 3 Analyst-Backed Stocks Poised for Explosive Gains</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Street Favorites: 3 Analyst-Backed Stocks Poised for Explosive Gains

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With pandemic-era travel restrictions behind us and an improving economic landscape ahead, <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> are adjusting to a new era of global travel. Consumer travel rates for air travel, hotel bookings and more are rising rapidly. While inflation certainly exerts some downward pressure on global and domestic travel, indicators of decreasing inflation suggest a potential travel surge as we march through 2024. This presents several top travel stocks to buy this year.



These travel stocks represent the best way to leverage this upward momentum with minimal risk. Each company holds a dominant market share in its respective category and is recovering strongly from the pandemic-era downturns, with per-share pricing rebounding toward or surpassing 2019 levels.



<h2>Booking Holdings (BKNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/bkng-1600-300x169.png" alt="The home page of the Internet booking of hotels booking.com on the screen the Chinese Xiaomi smartphone in male hand on a computer monitor. BKNG stock."><div>Source: Andrey Solovev / Shutterstock</div></div>Booking Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/">BKNG</a>), recognized for its extensive travel services, including Priceline and Kayak, is an all-in-one travel stock set to boom as we enter the summer season. Though shares trade above $3,500, the company&rsquo;s strong financial performance and a positive sector outlook point to big things ahead. A subdued forecast in February pushed shares down nearly 10%, making today a perfect buying time &mdash; if you hurry. In 2023, its free cash flow per share reached $193.66. With huge <a href="https://www.nasdaq.com/market-activity/stocks/bkng/institutional-holdings">institutional ownership</a>, Booking Holdings is a cash-cow stock that uses hefty free cash flow to boost share pricing via a robust 8.87% total yield.



Analysts expect Booking Holdings to grow as the global travel market recovers from the pandemic&rsquo;s impact. The company&rsquo;s latest <a href="https://s201.q4cdn.com/865305287/files/doc_financials/2023/q4/BKNG-Earnings-Release-Final.pdf">earnings report</a> supports this positive outlook, displaying a 16% year-over-year increase in quarterly gross travel bookings and a 24% annual growth in this area. Moreover, annual income jumped by 40% after a 25% rise in revenue, demonstrating management&rsquo;s ability to navigate higher interest rates and boost profit margins through effective cost control.



<h2>Airbnb (ABNB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/abnb1600-300x169.png" alt="Airbnb (ABNB) logo on phone screen stock image."><div>Source: sdx15 / Shutterstock.com</div></div>Although the heyday of professional Airbnb (NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/">ABNB</a>) hosts might be waning, this shift does not spell disaster for the travel stock giant. Instead, Airbnb&rsquo;s user base is returning to the platform&rsquo;s original concept of offering spare space as a budget-friendly alternative to hotels. Despite facing significant challenges, such as a <a href="https://www.businessinsider.com/airbnb-fined-after-misleading-australian-customers-about-pricing-2023-12">$10 million fine</a> for misleading international customers by listing prices in USD rather than local currencies, Airbnb&rsquo;s market dominance remains unchallenged.



Airbnb <a href="https://www.statista.com/topics/2273/airbnb/#topicOverview">holds a 20% share</a> of the total vacation rental market, a remarkable achievement given its competition with established hotel chains. Additionally, the platform&rsquo;s listing and booking rates have climbed above their pre-pandemic levels in 2019, demonstrating Airbnb&rsquo;s effective navigation through the pandemic&rsquo;s obstacles.



In its most <a href="https://airbnb2020ipo.q4web.com/files/doc_financials/2023/q4/Airbnb_Q4-2023-Shareholder-Letter_Final.pdf">recent earnings report</a>, Airbnb disclosed nearly a 17% increase in revenue year-over-year and a 15% rise in gross booking value. Spurred by the holiday travel surge, this growth is expected to continue as we move into the spring and summer travel seasons.



<h2>Trip.com Group (TCOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/tcom-1600-300x169.jpg" alt="Trip.com Group logo on a smartphone. TCOM stock."><div>Source: Ralf Liebhold / Shutterstock</div></div>Trip.com Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcom-stock-quote/">TCOM</a>), a Chinese travel stock, is returning after the government ended its Zero-Covid policies, with a 40% return since January 1st and prices approaching pre-pandemic levels. This recovery positions Trip.com Group for a potential surge as the company serves <a href="https://www.dbs.com.sg/research-vi/aics/templatedata/article/equity/data/en/DBSV/012014/9961_HK.xml#">over half</a> of the Chinese tourism market, including airline ticketing, hotel bookings and general travel planning.



Before the pandemic, the Chinese tourism market was a formidable economic force, with nearly <a href="https://www.statista.com/statistics/1068495/china-number-of-outbound-tourist-number/">155 million Chinese tourists</a> traveling internationally in 2019. This number plummeted to around 20 million in 2020. However, by the first half of 2023, nearly 40 million had traveled abroad and this upward trend is expected to continue, potentially driving TCOM&rsquo;s per-share price to new highs.



Additionally, Trip.com is <a href="https://www.asiaone.com/business/tripcom-group-showcase-new-consumer-trends-and-ai-innovations-itb-berlin-2024">expanding focus</a> beyond China to capture a larger share of the broader Asian international travel market and explore other global markets. The company is also enhancing its digital and personalized service offerings to meet the changing needs of consumers, aiming to attract and retain attention and build brand loyalty in a highly competitive environment.



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 <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>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>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/spring-fever-3-travel-stocks-set-to-surge-as-bookings-bloom/">Spring Fever: 3 Travel Stocks Set to Surge as Bookings Bloom</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Spring Fever: 3 Travel Stocks Set to Surge as Bookings Bloom

ABNB

ACLS

ALLG

ARES

AUVI

BABA

BKNG

CZOO

DOGZ

FIVE

FTEL

GENK

LAZR

LIDR

NAAS

REBN

TSLA

VIPS

Press Releases

Trip.com Group Limited to Report Second Quarter and First Half of 2023 Financial Results on September 4, 2023 U.S. Time

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2023 Financial Results

TRIP.COM GROUP WELCOMES ITALIAN TOURISM MINISTER AND DELEGATION TO ITS HEADQUARTERS

Journey to Innovation: How SOPAs NusaTrip Acquisition is Redefining Travel in Southeast Asia

Trip.com Group Limited Reports Unaudited Third Quarter of 2023 Financial Results

Opinion

Thinking about buying stock in AT&T, Devon Energy, DraftKings, Trip.com, or Urban Outfitters?

Trip.com Group Selects AWS as Its Strategic Cloud Provider to Enhance the Global Travel Experience

Trip.com Group Limited to Report Fourth Quarter and Full Year of 2023 Financial Results on February 21, 2024 U.S. Time

Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2023 Financial Results

Thinking about trading options or stock in Tesla, EOG Resources, Mosaic, Trip.com, or DraftKings?

AMZN

DKNG

EXPE

SOPA

URBN

Airbnb

Atour Lifestyle Holdings Limited - American Depositary Shares

Atour Lifestyle Holdings

Booking Holdings

Choice Hotels International, Inc. Common Stock

Choice Hotels Intl

Despegar.com

Expedia Group

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share

GreenTree Hospitality Gr

Hyatt Hotels Corporation Class A Common Stock

Hyatt Hotels

Hilton Grand Vacations

Hilton Worldwide Holdings Inc. Common Stock

Hilton Worldwide Holdings

H World Group Limited - American Depositary Shares

H World Group

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share)