Latest News for Cebu Air Stock (OTC:CEBUY)

Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

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Stocks That Hit 52-Week Highs On Friday

Cebu Air Inc

Piper Sandler analyst Matt Farrell reiterates Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral and lowers the price target from $81 to $65.

Price Target

Reiteration

Analyst Ratings

ROKU

Piper Sandler Reiterates Neutral on Roku, Lowers Price Target to $65

Barclays analyst Brandt Montour maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Overweight and raises the price target from $154 to $165.

Barclays Maintains Overweight on Royal Caribbean Gr, Raises Price Target to $165

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), formerly Facebook, recently reported a revenue and earnings beat for Q1 2024 but issued disappointing guidance <a href="https://www.benzinga.com/quote/META/earnings">for the future</a>. 
This news caused the stock to drop 11% in extended trading, overshadowing the positive quarterly results. While earnings per share ($4.71) and revenue ($36.46 billion) exceeded expectations, the company&#8217;s forecast for Q2 fell short of analysts&#8217; estimates, with projected revenue between $36.5 billion and $39 billion.
Also Read: <a href="https://www.benzinga.com/trading-ideas/24/04/38439620/metas-unexpected-stock-plunge-following-a-strong-earnings-report-and-bold-ai-investment">Meta&#8217;s Unexpected Stock Plunge Following A Strong Earnings Report And Bold AI Investment</a>
Reddit users on r/stocks <a href="https://www.reddit.com/r/stocks/comments/1cc89fj/meta_reports_revenue_and_earnings_beat_but_issues/">shared their views</a> on Meta&#8217;s performance and valuation. They drew comparisons to other tech giants like Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and discussed the company&#8217;s anticipated capital expenditures (capex) in artificial intelligence (AI).
<h2 class="wp-block-heading">Comparing Valuations To Tesla</h2>
Some Redditors compared Meta&#8217;s valuation to Tesla. They noted that while Tesla has a trailing 12-month price-to-earnings (TTM PE) ratio over 30, Meta&#8217;s forward price-to-earnings (FWD P/E) ratio would be around 20, based on its expected low 20s earnings per share in 2024. 
They argued that Meta&#8217;s valuation is not as high relative to its growth rate and potential as Tesla&#8217;s.
&#8220;Meta actually has major profit margins unlike Tesla,&#8221; said Redditor Waitwhonow:
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/stocks/comments/1cc89fj/comment/l13wlzr/">Comment</a> by<a href="https://www.reddit.com/user/Puginator/">u/Puginator</a> from discussion<a href="https://www.reddit.com/r/stocks/comments/1cc89fj/meta_reports_revenue_and_earnings_beat_but_issues/"><no value></no></a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
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Redditor shawman123 compared Meta stock&#8217;s valuation to the likes of Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (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>) dba Google and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). The Redditor observed that these are all valued higher relative to Meta.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/stocks/comments/1cc89fj/comment/l13s9u6/">Comment</a> by<a href="https://www.reddit.com/user/Puginator/">u/Puginator</a> from discussion<a href="https://www.reddit.com/r/stocks/comments/1cc89fj/meta_reports_revenue_and_earnings_beat_but_issues/"><no value></no></a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
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<h2 class="wp-block-heading">AI Capex Requirement</h2>
Others highlighted Meta&#8217;s significant investments in AI and its potential impact on the company&#8217;s valuation. One user mentioned that CEO Mark Zuckerberg stated AI would require further investment before the company could profit from it. 
Despite this, they argued that Meta&#8217;s forward P/E was only slightly above the broader S&amp;P 500. This indicates that the stock may not be overvalued, especially considering its strong operating margin and double-digit growth rate.
<h2 class="wp-block-heading">Investor Sentiment and Market Reaction</h2>
Some Redditors expressed frustration with investor impatience, suggesting that the market&#8217;s reaction to Meta&#8217;s guidance was exaggerated. They argued that the company&#8217;s strong financial performance and strategic investments in AI should be the focus, rather than short-term fluctuations in stock price.
Meta&#8217;s recent performance and guidance have sparked lively discussions among investors on Reddit. While some view the stock&#8217;s drop as a buying opportunity, others caution that the company&#8217;s future depends on its ability to capitalize on its AI investments. As Meta continues to navigate these challenges, investors will closely monitor its progress and strategic decisions in the rapidly evolving tech landscape.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38441148/metas-q1-earnings-analysts-say-support-its-ai-strategy-use-meta-as-a-source-of-fund">Meta&#8217;s Q1 Earnings: Most Analysts Support AI Strategy, While One Says &#8216;Use Meta As A Source Of Funds,&#8217; Questions Its Long-Term Value</a>
Photo: Shutterstock

Earnings

Long Ideas

Social Media

Opinion

Tech

GOOG

GOOGL

MSFT

NVDA

TSLA

'Meta Actually Has Major Profit Margins Unlike Tesla': Redditor Reacts To Stock Drop Following Q1 Earnings

Wedbush analyst David Chiaverini maintains Valley Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) with a Neutral and lowers the price target from $9 to $8.

Wedbush Maintains Neutral on Valley Ntl, Lowers Price Target to $8

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/04/2024-04-26_08h58_08.png" style="height:343px; width:624px" />
<h3>Fed&rsquo;s Favorite Inflation Gauge</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-feds-favorite-inflation-gauge-spy-mc-04262024">click here</a> for an enlarged chart of SPDR S&amp;P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows that the stock market is consolidating between the resistance zone and support zone.</li>
<li>RSI on the chart shows that the stock market can go either way from here.</li>
<li>This morning, the stock market dodged a big bullet. The bullet was the fear that PCE, the Fed&rsquo;s favorite inflation gauge, would come higher than the consensus.&nbsp;The data came inline with the consensus.&nbsp;Here are the details:
<ul>
<li>Headline PCE came at 0.3% vs. 0.3% consensus.</li>
<li>Core PCE came at 0.3% vs. 0.3% consensus.</li>
</ul>
</li>
<li>The PCE data just released has proven that The Arora Report call has been spot on.&nbsp;The Arora Report call has been that inflation is coming from services and is sticky.&nbsp;Digging below the headline, the just released data shows that inflation is coming from services and is sticky.</li>
<li>Momo gurus have been forecasting that inflation would have gone down to 2% by now.&nbsp;If you annualize 0.3%, it translates to 3.6%.&nbsp;The momo gurus are wrong again.&nbsp;Even though momo gurus are almost always wrong, prudent investors should not ignore them.&nbsp;The reason is that the media promotes momo gurus because they boost ratings.&nbsp;Momo gurus have legions of followers who do not do any analysis and just follow the momo gurus like sheep.</li>
<li>The U.S. economy is 70% consumer based.&nbsp;Therefore, prudent investors pay attention to personal income and personal spending.&nbsp;Consumers continue to excessively spend.&nbsp;This is helping the economy and the stock market in the short term, but it is not sustainable in the long term.&nbsp;Here are the details of the data:
<ul>
<li>Personal spending came at 0.8% vs. 0.6% consensus.</li>
<li>Personal income came at 0.5% vs. 0.5% consensus.</li>
</ul>
</li>
<li>In the stock market, there is a sigh of relief that earnings from Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>),&nbsp;Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), and Alphabet Inc Class A&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) were better than the consensus and whisper numbers.</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), GOOG, MSFT, and NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is aggressively buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
<h3>Oil</h3>
The momo crowd is buying oil in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

$BTC

AMZN

Stock Market Dodges A Bullet – Momo Gurus Proven Wrong

Piper Sandler analyst Stephen Scouten downgrades First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) from Overweight to Neutral and raises the price target from $1850 to $1950.

Downgrades

FCNCA

Piper Sandler Downgrades First Citizens BancShares to Neutral, Raises Price Target to $1950

Barclays analyst Eric Beaumont maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Overweight and raises the price target from $20 to $21.

Barclays Maintains Overweight on PG&E, Raises Price Target to $21

Wedbush analyst David Chiaverini maintains First Foundation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>) with a Neutral and lowers the price target from $8 to $7.

FFWM

Wedbush Maintains Neutral on First Foundation, Lowers Price Target to $7

Centene Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) reported&nbsp;first-quarter&nbsp;sales of&nbsp;$40.41 billion, up&nbsp;11%&nbsp;Y/Y, beating the consensus of&nbsp;$36.14 billion.
Premium and service revenues increased 4% to&nbsp;$36.3 billion, driven by membership growth in the Marketplace business due to strong product positioning and overall market growth, partially offset by recent divestitures in the Other segment and lower Medicaid membership primarily&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38454080/centene-corporation-reports-first-quarter-2024-results" rel="noreferrer noopener">due to redeterminations</a>.
The health benefits ratio of 87.1% for the first quarter of 2024 represented an increase from 87.0% in the comparable period in 2023.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38255526/see-how-floridas-much-awaited-medicaid-re-procurement-awards-impact-centene-humana-" rel="noreferrer noopener">See How Florida&#8217;s Much Awaited Medicaid Re-Procurement Awards Impact Centene, Humana, Molina</a>.
The company reported a&nbsp;first-quarter&nbsp;adjusted EPS of $2.26, up from $2.11 a year ago, beating the consensus of $2.08.
&#8220;Centene&#8217;s first quarter results demonstrate the strength of our diversified platform,&#8221; Centene CEO Sarah London said in a statement accompanying the company&#8217;s earnings report. &#8220;We are pleased to raise full-year 2024 guidance as we look to maximize the positive momentum being generated by our core businesses.&#8221;
Centene said total managed care membership held steady at 28.42 million at the end of the first quarter of this year, compared to 28.45 million a year ago.
Centene&#8217;s enrollment in its &#8220;commercial marketplace&#8221; business grew to 4.3 million members from 3 million a year ago.&nbsp;
Premium revenues from Commercial business increased 48% Y/Y to&nbsp;$7.8 billion.
Total Medicaid memberships fell over 18% to 13.3 million from 16.3 million.
Guidance:&nbsp;Centene revised its 2024 adjusted EPS&nbsp;guidance&nbsp;floor of greater than&nbsp;$6.80&nbsp;versus prior&nbsp;guidance&nbsp;of greater than&nbsp;$6.70&nbsp;versus consensus of&nbsp;$6.78.
Centene expected 2024 revenue guidance of $147.5 billion-$150.5 billion versus the consensus Of&nbsp;$146.14 billion, including premium and service revenues of&nbsp;$135.5 billion-$138.5 billion&nbsp;versus prior guidance of $134.5 billion-$137.5 billion.
CNC Price Action:&nbsp;Centine shares are down 4.11%&nbsp;at&nbsp;$72.57&nbsp;at publication Friday.
Read Next: <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">Fed&#8217;s Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert</a>
Photo: Shutterstock

Guidance

Health Care

General

Centene's First-Quarter Surge: Sales Soar To $40.41B, Exceeding Expectations: What's Next For The Healthcare Company?

<a href="https://www.theverge.com/2024/4/26/24141361/tesla-autopilot-fsd-nhtsa-investigation-report-crash-death" title="https://www.theverge.com/2024/4/26/24141361/tesla-autopilot-fsd-nhtsa-investigation-report-crash-death">https://www.theverge.com/2024/4/26/24141361/tesla-autopilot-fsd-nhtsa-investigation-report-crash-death</a>

'Tesla's Autopilot And Full Self-Driving Linked To Hundreds Of Crashes, Dozens Of Deaths' - The Verge

Barclays analyst Raimo Lenschow maintains Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) with a Equal-Weight and raises the price target from $66 to $69.

PEGA

Barclays Maintains Equal-Weight on Pegasystems, Raises Price Target to $69

Piper Sandler analyst Scott Siefers maintains Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) with a Neutral and raises the price target from $20 to $21.

Piper Sandler Maintains Neutral on Regions Finl, Raises Price Target to $21

In a recent social media update, a well-known crypto analyst, Crypto Dog, forecasted a bullish run for memecoin Jeo Boden (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BODEN</a>) and NEAR Protocol (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>).
What Happened: Crypto Dog anticipates that BODEN is on the verge of a breakout following a consolidation period, Daily Hodl<a href="https://dailyhodl.com/2024/04/26/trader-says-memecoin-thats-exploded-over-2400-in-weeks-about-to-go-higher-updates-outlook-on-near-protocol/"> reported</a> on Thursday. The memecoin has witnessed a remarkable twenty-fold surge since the beginning of March.
The analyst&#8217;s chart indicates that BODEN is currently testing a downward-sloping resistance level on its daily chart. 
Crypto Dog also highlighted that several other memecoins, including dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>), are showing bullish signs. 
&#8220;Not just WIF though, a good handful of mid/high cap memecoins are aiming for new highs,&#8221; he stated.
Regarding NEAR Protocol, Crypto Dog expressed a bullish sentiment based on the artificial intelligence (AI) narrative, among other factors. NEAR&#8217;s Co-Founder Illia Polosukhin had previously stated that AI would be &#8220;one of the core verticals for the NEAR ecosystem heading into 2024&#8221;. 
The analyst concluded, &#8220;&#8230;still think NEAR will lead over the next weeks, months. Structurally it looks great, erased recent dip outperforming Bitcoin and even Solana.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38407752/bitcoin-veteran-warns-crypto-bears-you-have-no-idea-how-crazy-this-bull-run-is-about-to-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Veteran Warns Crypto Bears: &#8216;You Have No Idea How Crazy This Bull Run Is About To Be&#8217;</a>
Why It Matters: Memecoin BODEN, a parody of President Joe Biden, has been on a bullish run, recording a new all-time high and<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38152348/jeo-boden-meme-coin-up-more-than-21-spikes-past-1-imagine-when-trump-starts-saying-boden-m"> crossing the $700 million market capitalization mark </a>in early April. The coin attracted attention from supporters of both political parties, with a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) influencer predicting that it would gain traction due to Biden&#8217;s slow pace.
Just days after its launch, an anonymous trader turned <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38184775/a-trader-turns-356k-into-5-8m-with-biden-related-jeo-boden-meme-coin">a $356K investment in BODEN into $5.8M.</a> This indicates the potential profitability of investing in meme coins.
Despite many meme coins surpassing the $1 billion market cap milestone, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">only two have crossed the $10 billion threshold</a>. 
Meanwhile, Strike CEO Jack Mallers has forecasted a potential seven-figure price for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) during the current cycle, driven by efforts to save the bond market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38386424/shiba-inu-whale-accumulates-237b-shib-in-one-transaction-much-in-store-for-the-shib-army-v?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Whale Accumulates 237B SHIB In One Transaction: &#8216;Much In Store For The SHIB Army,&#8217; Vows Lead Developer</a>
Photo via Shutterstock
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$BODEN

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$WIF

Biden-Inspired 'Jeo Boden,' Dogwifhat And Other Memecoins 'Are Aiming For New Highs,' Says Crypto Analyst

Wedbush analyst David Chiaverini maintains Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) with a Outperform and lowers the price target from $63 to $61.

CUBI

Wedbush Maintains Outperform on Customers Bancorp, Lowers Price Target to $61

Barclays analyst Benjamin Budish maintains Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) with a Overweight and lowers the price target from $76 to $73.

Barclays Maintains Overweight on Nasdaq, Lowers Price Target to $73

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Latest News for Cebu Air Stock (OTC:CEBUY)

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