Morgan Stanley shares slide as Executive Chairman James Gorman announces resignation plans and concerns over executive pay awards surface amidst shareholder meeting outcomes.
Several analysts have updated coverage on E.l.f. Beauty, Inc. (NYSE:ELF) on Thursday after the company reported better-than-expected financial results for the fourth quarter. Piper Sandler named the stock as a "top pick" and highlighted the company's international growth opportunities and continued strength in the U.S. market after E.l.f. Beauty reported quarterly revenue growth of 71% year-over-year and $321.14 million in sales.
Xiaomi reported a 27% revenue increase for Q1 2024, reaching RMB75.51 billion. The company's global smartphone shipments rose 33.7% to 40.6 million units, while IoT devices on Xiaomi's AIoT platform surged 27.2% to 786.1 million. Despite a 1% net income decline, signs of recovery in the mobile market are evident. Xiaomi aims to deliver 120,000 SU7 electric vehicles this year.
Semiconductor industry entering upcycle, demand for AI and accelerated compute strengthening. Optimism about revenue prospects and cyclical improvements.