Vista Outdoor Stock (NYSE:VSTO), Trade Ideas

Vista Outdoor

Vista Outdoor Inc designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. The company organizes itself into two segments: Shooting sports and Outdoor products. Shooting sports, which contributes the largest proportion of company revenue, includes ammunition, long guns, and related equipment under brands such as Federal Premium, Blackhawk, and Hoppe's. Outdoor products include archery and hunting accessories, eyewear, golf products, hydration products, and stand-up paddle boards under brands including CamelBak and Bushnell. The company derives the vast majority of revenue domestically.

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Equities

News

Movers

VSTO

MNC Capital raises bid to acquire Vista Outdoor for $37.50 per share, valuing company at $3.0 billion. Vista urged to respond quickly for deal&#39;s benefits.

What&#39;s Going On With Vista Outdoor Shares Today?

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Vista Outdoor confirmed the receipt of an unsolicited indication of interest from MNC Capital in an all-cash transaction for $35.00 per Vista share. Vista Outdoor urged its stockholders not to take any action at this time.

Why Is Vista Outdoor Stock Surging Today?

Penny Stocks

Guidance

Small Cap

Markets

Solo Brands Inc (NYSE: DTC) shares are trading lower after it disclosed its President and Chief Executive Officer (CEO) departure and 

Solo Brands Stock Sinks After Guidance Cut: Snoop Dogg-Publicity Stunt Didn&#39;t Help Sales?

Vista Outdoor Inc

Calliditas Therapeutics AB&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALT#NASDAQ">CALT</a>), (NASDAQ&nbsp;STOCKHOLM: CALTX)&nbsp;(&quot;Calliditas&quot;) today announced that the global open-label extension (OLE) study to the Phase 3 NefIgArd study showed a treatment response consistent with the NefIgArd study across endpoints of urine protein to creatinine ration (UPCR) and estimated glomerular filtration rate (eGFR) at 9 months across all IgAN patients, including those who had previously received Nefecon in the NefIgArd study.

CALT

Calliditas Announces NefIgArd Open Label Extension Results

Earnings

Evotec Fiscal 2023 Revenue $848.644M Up From $816.11M YoY, Adjusted EBITDA $$.06M

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=2946051148&amp;u=https%3A%2F%2Fclarivate.com%2F&amp;a=Clarivate+Plc" target="_blank">Clarivate Plc</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>), a leading global provider of transformative intelligence, today announces it has signed the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=1345612360&amp;u=https%3A%2F%2Fwww.un.org%2Fsustainabledevelopment%2Fsdg-publishers-compact%2F&amp;a=United+Nations+Sustainable+Development+Goals+(UN+SDGs)+Publishers+Compact." target="_blank">United Nations Sustainable Development Goals (UN SDGs) Publishers Compact.</a>&nbsp;Signatories of the compact pledge to develop sustainable practices and act as champions of the SDGs during the&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4148234-1&amp;h=3871956681&amp;u=https%3A%2F%2Fwww.un.org%2Fsustainabledevelopment%2Fdecade-of-action%2F&amp;a=Decade+of+Action" target="_blank">Decade of Action</a>&nbsp;(2020-2030).

Government

Regulations

CLVT

Clarivate joins United Nations Sustainable Development Goals (UN SDGs) Publishers Compact

Suzano Ventures, the corporate venture capital arm of Suzano, the world&#39;s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company&#39;s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can be manufactured through modified industrial processes already used in the pulp and paper sector.
Bioform&#39;s proprietary technology rapidly produces wood pulp-reinforced hydrogels to create high-performance plastic alternatives, which can be made using Suzano&#39;s wood pulp fibre as a key input. Bioform&#39;s materials have the potential to be home compostable or recycled through existing paper recycling processes and do not require fossil-based inputs. The technology is highly versatile and has a number of applications where it could replace conventional single-use plastics, including paper recyclable thermoformable films for packaging applications and compostable heat-sealable films for pouches, agriculture, and garbage bags.
With the potential to offer an&nbsp;80 percent&nbsp;lower carbon footprint than conventional single-use plastics, Bioform&#39;s technology has similar or enhanced product performance to conventional plastics in areas such as tensile strength and permeability for oxygen or water vapor.

Suzano Ventures Invests Up To $5M Into Bioform Technologies To Further Develop Bio-based Plastic Alternatives

First&nbsp;non-immunosuppressive therapy for the treatment of IgA Nephropathy (IgAN) approved in&nbsp;Europe
Conditional marketing authorization is based on statistically significant and clinically meaningful results from the phase-III PROTECT trial

TVTX

CSL Vifor And Travere Therapeutics Granted European Commission Conditional Marketing Authorization For FILSPARI (Sparsentan) For The Treatment Of IgA Nephropathy

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) senior executive Lars Moravy on Tuesday clarified that the company is not inhibited by 4680 cell production to ramp Cybertrucks. 
What Happened: As compared to the previous quarter, 4680 cell production in the first quarter rose by about 18% to 20%, Moravy said during Tesla&#8217;s first-quarter earnings call. In March, the company produced enough cells <a href="https://www.benzinga.com/news/24/03/37863738/tesla-smashes-doubts-about-4680-cell-production-says-its-made-enough-batteries-for-1-000-cybertrucks">for over 1000 Cybertrucks</a> at Giga Texas in a week. 
&#8220;We expect to stay ahead of the Cybertruck ramp with the cell production throughout Q2,&#8221; Moravy said while adding that the company is looking to maintain multiple weeks of cell inventory to make sure it&#8217;s ahead of Cybertruck&#8217;s production ramp. However, the cell production will be in tandem with Cybertruck production, he noted
&#8220;We&#8217;re not going to just randomly build 4680s unless we have a place to put them and so we&#8217;re going to make sure we&#8217;re prudent about that,&#8221; he added. Moravy is Vice President of Vehicle Engineering at Tesla. 
Just a couple of weeks ago, the company made 1000 Cybertrucks in a week, Moravy said. While the company is looking to achieve volume production to bring down costs, it still faces challenges with the many new technologies and supplier limitations, he added. 
Why It Matters: In December,&nbsp;Reuters&nbsp;<a href="https://www.benzinga.com/markets/equities/23/12/36341487/teslas-cybertruck-reportedly-struggles-with-its-pioneering-4680-battery-is-250-000-production-go" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;that the EV giant is struggling to make 4680 cells fast enough to meet its targeted annual delivery rate of a quarter million Cybertrucks. Tesla&#8217;s gigafactory in Texas is making only enough cells for about 24,000 Cybertrucks a year, the report said.
The annual delivery target of 250,000 Cybertrucks, company CEO Elon Musk has previously said, would not be reached this year but only<a href="https://www.benzinga.com/news/23/10/35322048/tesla-ceo-elon-musk-details-enormous-challenges-in-reaching-volume-production-for-cybertruck-we-dug" target="_blank" rel="noreferrer noopener"> in 2025.</a>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/04/38395808/teslas-high-profile-departures-continue-as-investor-relations-head-martin-viecha-bids-farewell-after">Tesla&#8217;s High-Profile Departures Continue As Investor Relations Head Martin Viecha Bids Farewell After 7-Year Run</a>
Photo via Shutterstock

Tech

TSLA

Tesla Exec Says 1,000 Cybertrucks A Week Prove 4680 Cell Production Isn't A Bottleneck: 'We Expect To Stay Ahead...'

Glauber Contessoto, a well-known Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) investor, recently gave a nod to an investor strategy that involves heavy allocation to meme coins Pepe (PEPE) and Dogwifhat (WIF). 
What Happened: On Monday, Contessoto responded to a plan shared on X, a platform formerly known as Twitter, with a tweet saying, &#8220;This is basically my entire plan &#x1f602;&#x1f605;&#x1f680;&#8221;. 
The plan outlined a strategy of investing in new launches and meme coins like $WIF and $PEPE for quick gains. Contessoto&#8217;s response suggests a similar approach to his investments.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is basically my entire plan &#x1f602;&#x1f605;&#x1f680; <a href="https://t.co/SNoshRoR2X">https://t.co/SNoshRoR2X</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1782995806540423674?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>
Contessoto, also known as SlumDOGE Millionaire, who gained fame for his early and unwavering belief in Dogecoin has previously emphasized the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38215397/conviction-conviction-conviction-dogecoin-millionaire-says-he-held-strong-despite-mockery-">importance of conviction</a> in cryptocurrency investments. Despite facing ridicule for his early conviction in Dogecoin in 2021, his steadfast belief eventually paid off, turning the tables on his critics.
Among meme coins so far this year, Dogecoin has returned 81.8%, while Pepe is up almost 520%. While gains on have amounted to a spectacular 2112%.
Why It Matters: Contessoto recently announced a $300,000 <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38096483/major-crypto-influencer-announces-300k-purchase-of-these-3-meme-coins-the-same-conviction-">investment in three meme coins</a>: Dogwifhat, Pepe, and Brett (BRETT), asserting that market dips are the best times to double down on one's convictions.
Contessoto&#8217;s endorsement of meme coins comes at a time when some traders are expressing optimism about the performance of Dogecoin against Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). Crypto trader Kevin, formerly known as OG_Yomi, noted that Dogecoin is currently <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38395178/dogecoin-could-outperform-bitcoin-thanks-to-consolidation-in-the-golden-pocket-says-trader">consolidating in the golden pocket</a> while sitting above all bull market up trending moving averages, a position that could potentially see it outperform Bitcoin.
Price Action: At the time of writing, DOGE traded 1.85% higher at $0.16, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38349928/melania-trump-launches-245-customizable-mothers-day-necklace-buyers-to-also-get-limited-ed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Melania Trump Launches $245 Customizable Mother&#8217;s Day Necklace, Buyers To Also Get Limited-Edition Solana</a>
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$BTC

$DOGE

$PEPE

DOGE

Dogecoin 'Millionaire' Reacts To Strategy Involving Heavy Allocation To Pepe, Dogewifhat: 'Basically My Entire Plan'

Under the agreement, ANGLE will develop a novel methodology for CTC micronuclei detection based on its existing pKAP1 CTC-based DDR assay, which measures expression of a key protein in the DNA damage response. Assay development will take place in ANGLE&#39;s laboratories in Guildford, UK, and follows the Company&#39;s development and launch of two highly sensitive and specific DDR assays in 2023. The 6-month development phase is worth an initial &pound;150,000 to ANGLE.

ANPCF

Angle Inks New Commercial Agreement With AstraZeneca to Enhance DNA Damage Response Detection

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is set to release earnings results for its first quarter after the<a href="https://www.benzinga.com/quote/META/earnings"> closing bell on April 24, 2024.</a>
Analysts expect the Menlo Park, California-based company to report quarterly earnings at $4.32 per share, up from $2.20 per share in the year-ago period. Meta is projected to report quarterly revenue of $36.16 billion, up from $28.64 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Meta recently announced that its AI assistant, powered by the newly launched Llama 3 model, will now incorporate real-time search results from Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bing.
Meta shares rose 3% to close at $496.10 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/META/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Bernstein analyst Mark Shmulik maintained an Outperform rating and raised the price target from $535 to $590 on April 18, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Truist Securities analyst Youssef Squali maintained a Buy rating and boosted the price target from $525 to $550 on April 17, 2024. This analyst has an accuracy rate of 81%.</li>
<li>UBS analyst Lloyd Walmsley maintained a Buy rating and raised the price target from $530 to $610 on April 16, 2024. This analyst has an accuracy rate of 85%.</li>
<li>Stifel analyst Mark Kelley maintained a Buy rating and boosted the price target from $527 to $588 on April 16, 2024. This analyst has an accuracy rate of 87%.</li>
<li>Citigroup analyst Ronald Josey maintained a Buy rating and increased the price target from $525 to $590 on April 15, 2024. This analyst has an accuracy rate of 72%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38376630/amazon-com-united-airlines-and-2-other-stocks-insiders-are-selling">Amazon.com, United Airlines And 2 Other Stocks Insiders Are Selling</a>

Price Target

Trading Ideas

GOOG

GOOGL

MSFT

Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Timberland Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSBK#NASDAQ">TSBK</a>) reported quarterly earnings of $0.70 per share. This is a 12.5 percent decrease over earnings of $0.80 per share from the same period last year. The company reported $18.25 million in sales this quarter. This is a 7.77 percent decrease over sales of $19.79 million the same period last year.

TSBK

Timberland Bancorp Q2 EPS $0.70 Down From $0.80 YoY, Sales $18.25M Down From $19.79M YoY

LPTV

Reported Earlier, NYSE American Issues Non-Compliance Warning To Loop Media For Continued Listing Standards

Management

Reported Earlier, Visionary Holdings Appoints Zhong Chen As CEO, Effective Immediately

Amid fluctuating market conditions and rumors about Elon Musk's role as the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), the tech billionaire has suggested that he <a href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package">continues to spend</a> the majority of his time at the EV giant. 
What Happened: On Tuesday, during <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla's first-quarter earnings call</a>, Musk was asked that considering he is leading several important companies including SpaceX and X, formerly Twitter, where does his heart actually belong.&nbsp;
The question came from Tony Sacconaghi, a Wall Street analyst from Bernstein, who asked him about the possibility of reduced involvement with Tesla at &#8220;any point over the next three years.&#8221;&nbsp;
In response, Musk sidestepped answering the question directly. He said that Tesla &#8220;constitutes a majority of my work time, and I work pretty much every day of the week, it&#8217;s rare for me to take a Sunday afternoon off.&#8221;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
The entrepreneur went on to assert that he will make sure &#8220;Tesla is quite prosperous. And it is — like it is prosperous, and it will be very much so in the future.&#8221;
Last year, Tesla director James Murdoch created a stir when he reportedly suggested that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/11/29760366/is-elon-musk-stepping-down-as-tesla-ceo-soon-analysts-react-to-succession-comments">Musk has identified a potential successor</a> to replace him.&nbsp;
Why It's Important: Earlier this month, Tesla's stock faced a significant downturn following a report on <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival">disappointing first-quarter deliveries</a>. At the time, Wedbush analyst Dan Ives said that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38202377/elon-musk-should-pledge-3-5-year-tenure-as-ceo-says-wedbushs-dan-ives-70-of-the-val">70% of Tesla's value is Musk</a>.&nbsp;
&#8220;Musk is Tesla, Tesla is Musk,&#8221; he said.
In January earlier this year, Musk said that he <a href="https://www.benzinga.com/news/24/01/36634396/elon-musk-seeks-greater-control-over-tesla-as-ai-endeavors-multiply-enough-to-be-influential-not-so">would require increased control of Tesla</a> if he is to advance AI endeavors at the company. &#8220;I am uncomfortable growing Tesla to be a leader in AI &amp; robotics without having ~25% voting control. Enough to be influential, but not so much that I can&#8217;t be overturned.&#8221;
Previously, in 2020, <a href="https://www.benzinga.com/general/24/01/36574844/elon-musk-says-he-never-wanted-to-be-ceo-of-tesla-or-anything-running-companies-hurts-my-heart-but-h">Musk admitted that he never wanted</a> to be CEO of Tesla. &#8220;This is misinterpreted like I somehow don't love Tesla, which I do, it's just like trying not to go insane with work,&#8221; he said at the time.&nbsp;&nbsp;
Check out more of Benzinga's Future Of Consumer Tech by <a href="https://www.benzinga.com/topic/consumer-tech">following this link.</a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38394597/elon-musk-reacts-to-marjorie-taylor-greenes-ally-revelation-of-fine-threat-by-house-authorities-mike">Elon Musk Reacts To Marjorie Taylor Greene&#8217;s Ally Revelation Of Fine Threat By House Authorities: Mike Johnson Removing Traces Of &#8216;Betrayal of America&#8217;</a>

Elon Musk Answers Question On Reducing Involvement At Tesla In Coming 3 Years: 'It's Rare For Me To Take A Sunday Afternoon'

<ul>
<li>TANDI is now the first and only novel hormone therapy available for the treatment of high-risk biochemical recurrent non-metastatic hormone-sensitive prostate cancer in the European Union (EU)</li>
<li>XTANDI can be given alone or in combination with androgen deprivation therapy</li>
<li>Approval is based on results from the positive Phase 3 EMBARK study which showed XTANDI alone or in combination with leuprolide reduced the risk of metastasis or death</li>
</ul>

ALPMY

Reported Earlier, Astellas' XTANDI (Enzalutamide) Granted European Commission Approval For Use In Additional Recurrent Early Prostate Cancer Treatment Setting

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) to report a quarterly loss at $1.76 per share on revenue of $16.23 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Boeing shares rose 0.8% to $170.56 in after-hours trading.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) posted weaker-than-expected earnings and sales results for its first quarter on Tuesday. The company reported first-quarter revenue of $21.3 billion, which missed a Street consensus estimate of $22.15 billion. The electric vehicle giant also announced plans to speed up the launch of new models. Tesla shares jumped 13.3% to $163.96 in the after-hours trading session.</li>
<li>Analysts are expecting AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to post quarterly earnings at 54 cents per share on revenue of $30.54 billion. The company will release earnings before the markets open. AT&amp;T shares rose 1.2% to close at $16.50 on Tuesday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) posted upbeat earnings for its third quarter, while sales missed expectations. Seagate shares gained 1.8% to $88.10 in the after-hours trading session.</li>
<li>Analysts expect Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) to post quarterly earnings at 42 cents per share on revenue of $40.10 billion after the closing bell. Ford shares rose 0.9% to $13.05 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38377866/top-2-health-care-stocks-which-could-rescue-your-portfolio-this-month">Top 2 Health Care Stocks Which Could Rescue Your Portfolio This Month</a>

Pre-Market Outlook

Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday

Following payload deployment to two separate orbits, Electron&#39;s Kick Stage completed a final engine burn to lower its altitude and speed up its reentry to help reduce space junk

RKLB

Reported Earlier, Rocket Lab Deploys Satellites ~500km Apart To Separate Orbits For KAIST And NASA

Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO&nbsp;Elon Musk&nbsp;offered a glimpse into his&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" rel="noreferrer noopener">&#8220;blindingly obvious&#8221;&nbsp;robotaxi&nbsp;strategy</a>&nbsp;during the company&#8217;s first-quarter earnings call on Tuesday, highlighting a potential name for the autonomous vehicle — &#8220;Cybercab&#8221; — and a unique ownership model inspired by&nbsp;Airbnb&nbsp;and&nbsp;Uber.
Dual Ownership Fleet:&nbsp;Musk described the forthcoming&nbsp;robotaxi&nbsp;fleet as functioning &#8220;like a combination of Airbnb and Uber.&#8221; This suggests a two-pronged approach: Tesla will own and operate a segment of the&nbsp;robotaxi&nbsp;fleet, while also offering individuals the opportunity to integrate their&nbsp;personal&nbsp;vehicles into the network for rental purposes.&nbsp;
This concept echoes a similar vision presented by Musk in 2019, as per Reuters, where a&nbsp;robotaxi&nbsp;network was expected to be operational by 2020.
See Also: <a href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock">How To Buy Tesla Stock </a>
&#8216;Cybercab&#8217; Name Emerges:&nbsp;During the call, Musk casually referred to the &#8220;purpose-built&nbsp;robotaxi&nbsp;product&#8221; as the &#8220;Cybercab.&#8221; While it&#8217;s unclear if this is a placeholder or the final name, it hints at a potential design direction.
Design Inspiration:&nbsp;According to Musk&#8217;s biographer&nbsp;Walter Isaacson, the design for the&nbsp;robotaxi, as well as the&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38262675/not-good-for-tesla-if-its-true-says-fund-manager-as-new-report-says-ev-maker-has-pu" rel="noreferrer noopener">now-scrapped $25,000 EV</a>, was influenced by a February 2023 design review session. Inspired&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/09/34422336/elon-musk-biographer-walter-isaacsons-interview-raises-speculations-on-tesla-robotaxi-design" rel="noreferrer noopener">by the Tesla Cybertruck</a>, both vehicles reportedly share a futuristic aesthetic characterized by angular lines and stainless steel construction.
Durability in Focus:&nbsp;In a playful jab at self-driving car company&nbsp;Waymo, Musk this week commented on a parody video showcasing the Cybertruck&#8217;s durability, suggesting it might be better suited for San Francisco&#8217;s&nbsp;robotaxi&nbsp;scene due to recent vandalism incidents.&nbsp;
Uncertain Timeline, Clearer Vision:&nbsp;While the precise timeline for the Cybercab&#8217;s launch remains unconfirmed, these developments paint a clearer picture of Tesla&#8217;s self-driving ambitions.&nbsp;
While some analysts like&nbsp;Gene Munster&nbsp;support Tesla&#8217;s focus on autonomous vehicles, others like&nbsp;Gary Black&nbsp;<a href="https://www.benzinga.com/news/24/04/38286437/tesla-ceo-elon-musk-says-going-balls-to-the-wall-for-autonomous-driving-is-blindingly-obvious-as-eve" target="_blank" rel="noreferrer noopener">warn it&#8217;s risky</a>&nbsp;to prioritize robotaxis over developing the previously planned low-cost electric car. Importantly, Musk has long championed autonomous Teslas functioning as robotaxis, even identifying it as a key driver of value in 2023.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38395808/teslas-high-profile-departures-continue-as-investor-relations-head-martin-viecha-bids-farewell-after" target="_blank" rel="noreferrer noopener">Tesla&#8217;s High-Profile Departures Continue As Investor Relations Head Martin Viecha Bids Farewell After 7-Year Run</a>
Image generated using AI on Adobe Shutterstock

Tesla's Robotaxi To Be Called 'Cybercab?' Elon Musk Says Self-Driving Fleet Will Be Like 'Combination Of Airbnb And Uber'

CNTA

Reported Earlier, Centessa Pharmaceuticals Prices $100M Public Offering Of 10,810,810 American Depositary Shares At $9.25/ADS

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.
U.S. stocks closed higher on Tuesday, recording gains for the second straight session.
On the economic data front, the S&amp;P Global composite PMI fell to 50.9 in April versus 52.1 a month ago. Sales of new single-family houses jumped 8.8% month-over-month to an annualized rate of 693,000 in March, compared to a revised 5.1% decline in February.
General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) reported better-than-expected earnings for its fiscal first quarter. PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) reported first-quarter FY24 sales growth of 2.3% year-on-year to $18.25 billion, beating the analyst consensus estimate of $18.079 billion. JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares fell around 19% on Tuesday after the company reported first-quarter financial results and issued weak FY24 revenue outlook.
As far as the earnings season is concerned, around 20% of the S&amp;P 500 companies have released quarterly results so far, with around 76% of those exceeding market estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, communication services and industrial stocks recording the biggest gains on Tuesday. However, materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 264 points to 38,503.69 on Tuesday. The S&amp;P 500 rose 1.20% at 5,070.55, while the Nasdaq Composite climbed 1.59% at 15,696.64 during Tuesday's session.
Investors are awaiting earnings results from Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) today.
At a current reading of 40.1, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 38.1.
What is CNN Business Fear &amp; Greed Index?
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.
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38377428/over-10m-bet-on-this-healthcare-stock-check-out-these-4-stocks-insiders-are-buying">Over $10M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying</a>

JBLU

Investor Sentiment Improves Further, Dow Jumps Over 250 Points

Brett Arends, a journalist for MarketWatch, recently expressed his views on Donald Trump&#8217;s $1.1 billion stock bonus deal with Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>). 
What Happened: During CNBC&#8217;s &#8220;Last Call&#8221; on Tuesday, Arends described the deal as a &#8220;no-lose&#8221; situation for the former president. The deal bumped Trump&#8217;s overall stake in the company to $3.7 billion shares.
&#8220;You&#8217;re dealing with a guy who is a pass-master at hustling,&#8221; Arends said, recognizing Trump&#8217;s marketing strategies and &#8220;playing the media.&#8221;
"When you look through the fine print, it's just amazing. The terms of this bonus are, which were written in there and nobody was paying attention to, basically was a no-lose deal for Donald Trump" Arends said. 
<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">"It's just amazing," says <a href="https://twitter.com/MarketWatch?ref_src=twsrc%5Etfw">@marketwatch</a>'s <a href="https://twitter.com/BrettArends?ref_src=twsrc%5Etfw">@BrettArends</a> on Donald Trump's $1.1B stock bonus deal with Trump Media. "The terms of this bonus are… a no-lose deal for Donald Trump." <a href="https://twitter.com/search?q=%24DJT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJT</a> <a href="https://t.co/fUaY3B5Wox">pic.twitter.com/fUaY3B5Wox</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1782923314886758577?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Spee</a>
Why It Matters: Trump could gain an <a href="https://www.benzinga.com/general/politics/24/04/38362005/donald-trump-may-soon-receive-36-million-more-djt-shares-key-milestone-ahead">additional $1.26 billion worth of DJT shares </a>if the company meets certain performance-based milestones. This potential windfall is part of an earnout provision from the original SPAC merger agreement with Digital World Acquisition Corporation.
However, DJT shares <a href="https://www.benzinga.com/markets/equities/24/04/38384714/whats-going-on-with-trump-media-technology-stock-on-tuesday">have been on a downward trend</a> recently. The stock has been in free fall for the last month. The company has even reached out to Nasdaq regarding suspected short-selling activity in its shares.
Price Action: Trump Media &amp; Technology Group Corp. closed at $32.57 on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a> data. The stock&#8217;s 52-week high is $79.38, and its 52-week low is $22.55. After hours, the stock was last traded at $32.15.
Read Next: <a href="https://www.benzinga.com/news/24/04/38339431/general-motors-and-ford-are-facing-the-same-challenge-as-they-run-back-to-gas-powered-trucks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">General Motors And Ford Are Facing The Same Challenge As They Run Back To Gas-Powered Trucks</a>
Image via Shutterstock
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Analyst Color

Politics

General

'No-Lose Deal For Donald Trump,' Says Expert On Ex-President's $1.1B Stock Bonus Deal With DJT

Vista Outdoor weaker as Czech gunmaker Colt sells stake after bid rejected

Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>), which designs, manufactures, and markets consumer products for outdoor sports and recreation, saw shares dip after Czech...

M&A News: Vista Outdoor (NYSE:VSTO) Slips after Colt CZ Dumps Shares

CFIUS accepts re-filed notice for proposed sale of The Kinetic Group to CSG

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
One of the largest ammunition manufacturers in the U.S. is about to sell its shooting sports business, but the deal isn&rsquo;t going smoothly. Amid national security concerns and competing bids for the business, Vista Outdoor&lsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/vsto-stock-quote/">VSTO</a>) plan to split in two is suddenly very complicated and roiling the market for ammo stocks.



Although the industry has occasionally suffered from shortages, some of them for an extended period, ammo has largely returned to normalcy after the pandemic. With a presidential election looming this year, however, ammo sales will likely skyrocket along with firearms, just as in the two previous elections.&nbsp;



That makes Vista&rsquo;s ammo business sale all the more important. So, with that as a backdrop, let&rsquo;s look at three leading ammo stocks today.



<h2>Vista Outdoor (VSTO)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock-300x169.jpg" alt="Vista outdoor"></a>The ammo industry can&rsquo;t be looked at without examining Vista Outdoor itself. The shooting sports and outdoor gear company has been angling to <a href="https://www.prnewswire.com/news-releases/vista-outdoor-announces-plan-to-separate-its-outdoor-products-and-sporting-products-segments-into-two-independent-publicly-traded-companies-301540512.html">split</a> in two for several years. It wants to separate its Kinetic Group shooting sports unit from its Revelyst outdoor gear business. The original plan was to split into two separately traded companies, much the way outdoor lifestyle company American Outdoor Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/aout-stock-quote/">AOUT</a>) spun off its firearms division into Smith &amp; Wesson Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/swbi-stock-quote/">SWBI</a>) .



However, last October, Prague-based Czechoslovak Group offered to buy Kinetic for $1.9 billion, allowing Revelyst to go ahead with its spinoff. Earlier this month, though, MNC Capital offered to buy the entire company, Revelyst included, for $2.9 billion. Vista rejected the offer as undervaluing the company, and MNC returned last week with an <a href="https://news.vistaoutdoor.com/newsroom/press-releases/press-release-details/2024/Vista-Outdoor-Confirms-Receipt-of-Revised-Indication-of-Interest-from-MNC-Capital/default.aspx">improved all-cash offer</a> of $3 billion.



MNC notes its offer keeps both businesses in the U.S. As a result, the deal wouldn&rsquo;t need approval from the Committee on Foreign Investment in the United States (CFIUS) over potential national security issues. Vista says it is certain the deal with Czechoslovak Group will receive CFIUS approval. However, Vista is a major U.S. military and law enforcement supplier. It owns ammo brands like Federal, Remington, Speer and others. At least one U.S. senator has raised concerns about the deal.&nbsp;



Regardless of the company&rsquo;s offer, VSTO stock will no longer be available.



<h2>Olin (OLN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/oln-1600-300x169.jpg" alt="Olin corporate office in Texas. OLN stock."><div>Source: JHVEPhoto / Shutterstock</div></div>While Olin (NYSE:<a href="https://investorplace.com/stock-quotes/oln-stock-quote/">OLN</a>) is best known as a specialty chemicals company, it also owns the Winchester brand of ammunition. Where Vista&rsquo;s Kinetic division saw sales drop 19% over the first nine months of fiscal 2024, which ended Dec. 24, Olin&rsquo;s Winchester unit only saw a 6% decline in sales for all of 2023. Fourth quarter sales, though, jumped 23.5% year-over-year to $395 million, and it is expected that Q1 sales will be sequentially higher.



Olin is also a supplier to the military. It <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/74303/000007430324000041/oln-20231231.htm">won management and operational control</a> over the Lake City Army Ammunition Plant in Independence, Missouri, 2019. The contract runs for seven years and produces military and commercial ammunition. The plant produces rounds such as the 5.56mm, 7.62mm and .50 caliber, as well as cartridges and casings. Winchester is the biggest seller of pistol ammunition for the military.



The Winchester segment represented 22% of Olin&rsquo;s total revenue in 2023, significantly contributing to the company&rsquo;s overall health. OLN stock is up 9% this year and 11% higher over the last 12 months.



<h2>AMMO (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg" alt="many ammunition bullets pattern background"><div>Source: ThomasLENNE / Shutterstock.com</div></div>The third ammo stock to watch is AMMO (NASDAQ:<a href="https://investorplace.com/stock-quotes/poww-stock-quote/">POWW</a>). It&rsquo;s a <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1015383/000149315224005468/form8-k.htm">relatively small manufacturer</a> with $47 million in ammunition sales over the first three quarters of fiscal 2024. That&rsquo;s nearly half of what it generated the year before, though demand was much higher a year ago because of shortages. As the industry normalized, so did demand.



AMMO also owns GunBroker.com, the largest online marketplace for firearms and shooting sports. The business produced $40.7 million in revenue in the last nine months, down 13% from last year. Firearms demand has also eased. According to the FBI, it conducted 29.85 million <a href="https://www.fbi.gov/file-repository/nics_firearm_checks_-_month_year.pdf/view">criminal background checks</a> on potential gun buyers in 2023. That&rsquo;s 6% fewer than the year before. Although that figure is 25% below the all-time high recorded in 2020, it is still the fourth-largest number since the federal law enforcement agency began tracking data in the late 1990s.



AMMO stock, however, is up 31% in 2024 and is running 38% high over the past year. AMMO is a scrappy ammunition manufacturer and one to watch as presidential politics heat up later this year.



On the date of publication, Rich Duprey held a LONG position in SWBI stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/ammunition-shakeup-3-ammo-stocks-to-watch-as-vista-outdoor-unloads-its-business/">Ammunition Shakeup: 3 Ammo Stocks to Watch as Vista Outdoor Unloads Its Business</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Ammunition Shakeup: 3 Ammo Stocks to Watch as Vista Outdoor Unloads Its Business

With two attractive offers, Vista Outdoor shareholders have little downside risk - analyst

Czechoslovak Group committed to buying Vista Outdoor's ammunition business

CSG assures Sen. Vance of honorable intentions for Kinetic acquisition

Vista Outdoor advises MNC to make a better offer

CHPT and ATER Consumer Discretionary movers

CHPT and ATER among Consumer Discretionary movers

AOUT

ATER

CHPT

FTEL

MPAA

PLCE

POWW

SWBI

YYGH

Press Releases

Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Revelyst Announces Acquisition of PinSeeker, a Leading Skill-Based Golf Simulator Competition Platform

MNC Capital Increases Proposal to Acquire Vista Outdoor to $37.50 Per Share

Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital

CFIUS Accepts Re-filed Notice for Proposed Sale of The Kinetic Group to CSG

The Czechoslovak Group Highlights the Benefits of Its Planned Acquisition of Vista Outdoor's Sporting Products Business, The Kinetic Group

CSG Sends Letter to Senator J.D. Vance Addressing His Concerns Regarding Planned Acquisition of Vista Outdoor's Sporting Products Business, The Kinetic Group

Vista Outdoor to Release Fourth-Quarter and Full-Year Fiscal 2024 Financial Results

Vista Outdoor in Discussions with MNC Capital, Advises MNC to Increase their Offer Price